Gil Baumgarten is a disruptive wealth management pioneer. After battling UBS in defense of 100% ETF portfolios, a direct assault on the firm’s fee-rich mutual fund business, he was on the original beta-test team of six advisors permitted to run discretionary ETF portfolios in 2002. He has since been named one of the “Top-20 ETF Thought Leaders in the U.S.” by Barron’s and The Wall Street Journal. Gil’s fee-only fiduciary firm, Segment Wealth Management, is a top-15 firm in Houston as ranked by the Houston Business Journal.
Gil is perennially named a top 50 advisor in Texas by Barron’s, out of the state’s 26,002 registrants. Gil is also the best-selling author of FOOLISH: How Investors Get Worked Up and Worked Over by the System. The book takes readers through the dark tunnels of the brokerage fee ecosystem and takes a deep dive on investors’ self-harm tendencies driven by ego satisfaction.
In this episode, Gil Baumgarten shares:
- What’s happening to the financial system and what can we do to take control of our financial future
- How a fiduciary system can benefit you
- Insights on confirmational biases what we should be doing to guide ourselves through the current economic situation
- The importance of having a financial guide
- The best stocks to invest in
- The advantages of investing in ETFs Investment recommendations for investors with portfolio values of over 5 million dollars
- Investment recommendations for investors with portfolio values of under 5 million dollars
- Managing liquidity to create wealth and take control of our finances
- The best route to sustainable wealth
- How the quality of the questions we ask ourselves impact the quality of the life that we lead
- How to create the mental ecosystem to produce the best financial results
- How to have a better result by avoiding taxes and fees idea or concept of beginning with the end in mind
- And much more…
Resources mentioned in today’s show:
FOOLISH – Book By Gil Baumgarten
The Intelligent Investor – Benjamin Graham
Money Master The Game: Tony Robbins
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