Episode #6 - No... The Optimal Portfolio doesn't just hold Tesla!

<p>In this week's episode, I have Pete Dunn join me on the WallStJunky podcast. &nbsp;We dive into a number of topics related to the passive approach and the serious shortfalls that most new investors face when pursuing something more active. &nbsp;The common theme in this episode is a focus on the actual act of saving, rather than stressing about the investment selection. &nbsp;If you are a DIY investor, this episode might not be for you, but if you are a DIY investor that is consistently underperforming the market (i.e., chances are that you will over the long-run), than value might still be obtained in this episode.</p> <p>Behavioral finance and the topic of biases are discussed in this episode as it relates to an individual's portfolio performance. &nbsp;Ultimately, it comes down to swallowing your pride, controlling the self-attribution bias, and understanding that a vast majority of investors will significantly underperform the market, and that's okay.... because with the help of ETFs and Index Funds, you can get that market return.</p> <p>Having issues with terms brought up in this episode? Go to this link - https://www.investopedia.com/</p> <p><br></p> <p>Books recommended by Pete Dunn:</p> <p>The Little Book of Common Sense Investing by John C. Bogle &nbsp;</p> <p>All About Asset Allocation by Richard A. Ferri, CFA &nbsp;</p> <p>Work and Life Principles by Raymond T. Dalio &nbsp;</p> <p>The Intelligent Investor by Benjamin Graham &nbsp;</p> <p>Buffets Alpha by Leje Pedersen, Andrea Frazzini and David Kabiller &nbsp;</p> <p>Where Are the Customers Yachts? by Fred Schwed&nbsp;</p> <p>&nbsp;How to Create Wealth Investing in Real Estate by Grant Cardone &nbsp;</p> <p>The Millionaire Booklet by Grant Cardone &nbsp;</p> <p>Cash Flow Quadrant by Robert T. Kiyosaki &nbsp;</p> <p>Fake Money, Fake Teachers, Fake Assets by Robert T. Kiyosaki &nbsp;</p> <p>Rich Dad Poor Dad by Robert T. Kiyosaki &nbsp;</p> <p>Unfair Advantage by Robert T. Kiyosaki &nbsp;</p> <p>Index Revolution by Dr. Charles D. Ellis &nbsp;</p> <p>