Talk Money To Me - Episode 2 - with Steve Reitmeister
This week on TALK MONEY TO ME we chatted with the incredible Steve Reitmeister.
Steve, often referred to as “Reity” in financial circles, is the CEO of StockNews, where he developed the POWR Ratings system and authors the highly popular Reitmeister Total Returns newsletter. Millions of investors have enjoyed Reity’s timely market insights. His fundamentals-focused investment approach, paired with his sage wisdom and Midwestern charm, is a perfect contrast to the go-go-go, WallStreetBets-style gambling we’ve seen grow in the past few years.
With an impressive four decades in the finance business under his belt, Steve brings a treasure trove of knowledge and experience to our conversation.
From Reity:
"The market is much more volatile. The increase in algorithmic trading has led to greater volatility, greater noise in the market. Meaning that some of those market moves have nothing to really do with the fundamentals, nothing to really do with the long-term picture. Just fun and games that are happening on an intraday basis or across days."
"But over time, having little patience for things to play out that is what I think where most people fail. And that's why when they've done studies going back, what 50 years, the average return for the market is like 88.1% and the average individual investor is like 5.3%. Underperforming by about 37%."
"That is a woeful indictment against the lack of patience and the lack of discipline that [people have] had in seeing things through."
Whether you're a seasoned investor or just getting started, don't miss out on Tim's insights on retirement, dividends, the importance of patience in an investor, and more.
DISCLOSURES:
This video contains edited footage from a livestream event that took place on Thursday, February 15, 2024. The original event was broadcasted live, and this recording has undergone edits for various reasons, including but not limited to enhancing clarity, removing technical glitches, and improving overall viewer experience.
This podcast contains general information that may not be suitable for everyone. The information contained herein should not be construed as personalized investment advice. There is no guarantee that the views and opinions expressed in this podcast will come to pass. Investing in the stock market involves gains and losses and may not be suitable for all investors. Information presented herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security. Magnifi LLC does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.
Past performance is no guarantee of future results.
Steve Reitmeister is part of an affiliate company and has a conflict of interest in promoting usage of Magnifi. Views expressed by Steve Reitmeister may not reflect the views of Magnifi LLC.
Any references to protection or steady and reliable income streams refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products.
Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk.
Mutual Funds and Exchange Traded Funds (ETF’s) are sold by prospectus. Please consider the investment objectives, risks, charges, and expenses carefully before investing. The prospectus, which contains this and other information about the investment company, can be obtained from the Fund Company or your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.
