New Book Series: Tony Robbins – Unshakeable

Oh, again! A lot of you are probably thinking, “weren’t you dissecting “Money: Master The Game two years ago? What happened?” Well, the information seemed to be all over the place, and then Cryptocurrency happened.  I want to really know if stocks are safe.  I’ve been asking myself over and over, without any answers, about mutual funds and “should” I invest into them?  Vanguard, S&P – the majority of stocks that are out there for grabs.  I decided to buy this book.  1) I thought I did a disservice by stopping and not reading more, so with his new book that was just launched at the beginning of last year, it’s time to see if this really does work.

“So never forget about these two ferocious foes of stock market success: fear and fees.” – Tony Robbins

Between 1929-1932, the Great Depression swept away DOW, plunging to something equivalent to about 17,000 pts!  However, after WWII, America entered a great age of prosperity, yet most Americans were still apprehensive because of what happened in the past.  Good saying, Mr. Robbins.

“Index funds are simple. Rather than try to time the market or outguess other professional money managers about the prospects of individual stocks, index funds simply buy and hold all of the stocks in a broad market index such as the S&P 500. Index funds work by paring the costs of investing to the bare-bones minimum. They pay no fees to expensive money managers and have minimal trading costs, as they follow the ultimate buy-and-hold strategy. We can’t control what the markets will do, but we can control how much we pay for our investments. Index funds allow you to invest, at minimal cost, in a portfolio diversified to the nth degree.”

Excerpt From: Tony Robbins. “Unshakeable.” iBooks.

“This “cost matters hypothesis” is all you need to know to understand the benefits of index investing. Over an investment lifetime, this annual difference really adds up. Most young people just starting their careers will be investing for 60 years or more. Compounded over that time frame, the high costs of investing can confiscate an astounding 70% of your lifetime returns!” – Tony Robbins

YIKES!

“We live in an uncertain world, and face not only the risks of the known unknowns but also the unknown unknowns: the ones that “we don’t know we don’t know.” Despite these risks, if we are to have any chance for meeting our long-term financial goals, invest we must. Otherwise we’re certain to fall short. But we don’t have to put up 100% of the capital and take 100% of the risk only to receive 30% of the reward (often far less). By buying low-cost, broad-market index funds (and holding them “forever”), you can guarantee that you will receive your fair share of whatever returns the financial markets provide over the long term.”

Excerpt From: Tony Robbins. “Unshakeable.” iBooks. https://itunes.apple.com/us/book/unshakeable/id1146849403?mt=11

This is just the introduction, and you’ve been provided some unbelievably valuable information that’s nowhere on blogs or the internet.  Thursday & Friday = Money Talk!

https://www.spreaker.com/user/thearseniobuckshow/new-book-series-tony-robbins-unshakeable_1

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