WWII 012: Jack Gsantner Secret Millionaire, Retirement Number, College Fund or Retirement Fund First, Valeant

Main Topic:

This episode is about Jack Gsantner who created a fortune for himself and his wife that surprised his friends and family. He was a recluse and a bit odd, like everyone who fits into a catagory I call the "Never Sell Club". These are people like Ronald Read the $8,000,000 Janitor who I wrote extensively about.

Ask JB:

FutureMom asks: “Hi JB! I am a professional in my 40's. I have a goal of retiring at no later than age 65(I hope!)...How much money per year would you recommend that I set aside for retirement?

RockOutToThis

I'm going to start putting $50 a month into an UGMA/UTMA savings account and $50 into a 529 for my newborn daughter before I even open an IRA for myself. Good idea or bad idea?

https://www.reddit.com/r/investing/comments/4x1s40/its_moronic_monday_the_wednesday_edition_your/

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Thoughts on this podcast? Disagree with me on some point? Something I missed? Leave a comment!

About the Author

Jeremy Scott Bailey is an investor, author, entrepreneur and host of the "What Works In Investing?" podcast now available on iTunes. He is founder and Chief Investment Officer of Burgeón Group, Inc. an investment advisory firm that provides portfolio management services to families and individuals.

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