Rich Dad's StockCast with Andy Tanner

By: The Rich Dad Media Network
Listen for free

  • Summary

  • Rich Dad’s StockCast is a podcast that throws out all the media’s useless information about the stock market and stock investing and gives you real advice and real strategies from a real teacher, Andy Tanner. Want real stock help and not the lies Wall Street is telling? This is your show.And... If you'd like to take a stock class from Andy or watch one of his FREE trainings click here to learn from the same man Robert learns from: https://thecashflowacademy.com/rd-stockcast/
    Copyright The Rich Dad Media Network
    Show More Show Less
Economics Personal Finance
Show More Show Less
activate_samplebutton_t1
Episodes
  • S3E13: Maximize Tax Savings with your investments

    S3E13: Maximize Tax Savings with your investments
    Sep 16 2024
    In this episode of Rich Dad Stockcast, host Del Denney is joined by Rich Dad expert Andy Tanner to explore a topic critical for every investor—tax strategies. Whether you're just starting your financial journey or looking to maximize your returns, this episode is packed with actionable insights that can help you keep more of your hard-earned money.

    Why Tax Strategies Matter for Investors

    Andy Tanner emphasizes the importance of understanding tax implications on your investments. With taxes often being one of the highest expenses, a solid tax strategy can make a huge difference in your financial success. Andy shares personal anecdotes, including the role of his tax advisor Tom Wheelwright, to highlight why working with a tax expert is essential for every investor.
    Key Takeaways:
    • Understanding Core Tax Principles: Andy breaks down the basics of capital gains, dividends, and different income types. Knowing how these are taxed can help you plan smarter.
    • The Importance of a Tax Advisor: Having a knowledgeable tax advisor is a crucial step in saving on taxes. Andy suggests reading Tom Wheelwright's Tax-Free Wealth to prepare yourself with the right questions when finding a tax advisor.
    • Investment Quadrants: Learn how to leverage the Cashflow Quadrant to minimize your taxes based on the type of income you earn.
    Practical Steps to Implement Tax Strategies:
    1. Get a Reliable Tax Advisor: Even if you’re just starting out, having a good tax advisor on your team can save you money in the long run.
    2. Weekly Financial Reviews: Regularly review your financial statements and tax strategies, like Andy does with his wife, to stay on track.
    3. Learn the Difference Between Income Types: Understanding ordinary income, capital gains, and passive income will allow you to make smarter investment decisions with lower tax implications.
    Why You Need to Stay Updated

    Andy also discusses how tax laws are always evolving and why it's essential to adapt your tax strategies to stay ahead of any changes. Political shifts can significantly impact tax laws, making it important for investors to stay informed.
    Show More Show Less
    30 mins
  • S2E12: Exponentially Grow Your Wealth with THIS Strategy

    S2E12: Exponentially Grow Your Wealth with THIS Strategy
    Sep 9 2024
    In this episode of Rich Dad’s Stockcast, host Del Denney is joined by Rich Dad expert Andy Tanner to explore how you can double your compounding power and exponentially grow your wealth. Packed with valuable insights, practical advice, and actionable strategies, this episode is a must-watch for anyone serious about boosting their financial education and investment success.

    Understanding Compounding

    Andy Tanner kicks off the discussion by explaining the fundamentals of compounding, which he describes simply as reinvestment—using returns from investments to buy more income-generating assets. Compounding is often hailed as the most powerful wealth-building force, and understanding how to harness its power is key to long-term financial growth.

    Key Components of Compounding

    The three critical components of compounding:
    1. Money: Your initial investment capital.
    2. Time: The most vital factor, as the longer you invest, the more your wealth compounds.
    3. Rate: The return rate you earn on your investments.

    Common Misconceptions About Compounding

    Andy addresses common misconceptions about compounding, particularly around mutual funds. He warns that high fees, even as low as 1%, can significantly erode your returns over time. Managing your investments and avoiding excessive fees is crucial for maximizing compounding power.

    Strategies to Boost Compounding Power

    Andy offers a practical strategy for increasing returns: writing covered calls. This conservative options strategy generates extra income from stocks you already own, allowing you to reinvest and enhance your compounding rate. He also stresses the importance of financial education and taking actionable steps, recommending that investors use paper trade accounts to practice before investing real money.

    The Role of Leverage

    Leverage, when used wisely, can dramatically accelerate compounding. Real estate investors, for example, can leverage properties to increase their investment power and grow their wealth more quickly.

    Teaching Financial Education to Kids

    Andy shares personal insights on teaching his children about investing and compounding. By opening custodial accounts and allowing children to make real transactions, parents can instill the importance of financial literacy from a young age. Andy emphasizes the balance between education and action as critical for success.
    Show More Show Less
    37 mins
  • S3E11: How to Navigate Economic Downturns

    S3E11: How to Navigate Economic Downturns
    Sep 3 2024
    In this episode of Rich Dad Stockcast, hosted by Del Denney, the focus is on navigating economic downturns and transforming crises into opportunities. Joined by Rich Dad expert Andy Tanner, this discussion is packed with valuable insights for both new and seasoned investors looking to improve their financial education and strategic positioning during challenging economic times.

    Understanding Economic Downturns
    Andy Tanner starts by addressing the psychological impact of economic downturns. He explains how market pullbacks often create the best buying opportunities, likening it to holiday shopping events where prices are "on sale." Andy further distinguishes between typical market downturns and Black Swan events—unpredictable market plunges that offer significant opportunities for those who understand market dynamics.

    The Role of Market Sentiment
    Quoting Warren Buffett, Andy highlights the importance of market sentiment: "Be greedy when others are fearful, be fearful when others are greedy." Understanding and recognizing these sentiments can signal upcoming investment opportunities, making sentiment analysis a critical tool for investors.

    Preparing for Economic Downturns
    Education is key to navigating economic downturns. Andy compares learning about the stock market to mastering any skill—the more you know, the better you become. He emphasizes the importance of hedging and risk management, suggesting strategies like using call options on the VIX or buying put options on the S&P 500 to capitalize during downturns.

    The Four Pillars of Investing
    Andy outlines four essential pillars of investing:
    1. Fundamental Analysis: Evaluating personal and corporate financial statements along with broad economic fundamentals.
    2. Technical Analysis: Reading charts to understand market emotions and likely ranges.
    3. Cash Flow Management: Implementing strategies that align with your cash flow needs.
    4. Risk Management: Developing and executing proper risk management techniques.
    Creating a Financial Plan
    Andy uses a fire drill analogy to stress the importance of having a plan. Being prepared for a downturn allows investors to remain calm and execute their strategies efficiently when market conditions worsen.
    Show More Show Less
    36 mins

What listeners say about Rich Dad's StockCast with Andy Tanner

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.