Nick Maggiulli - Personal Finance Myth Busting

This week on Standard Deviations with Dr. Daniel Crosby, Dr. Crosby is joined by Nick Maggiulli. Nick Maggiulli is the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, where he oversees operations across the firm and provides insights on business intelligence. He is also the author of OfDollarsAndData.com, a blog focused on the intersection of data and personal finance. His work has been featured in The Wall Street Journal, CNBC, and The Los Angeles Times. Mr. Maggiulli graduated from Stanford University with a degree in Economics and currently resides in New York City.

Tune in to hear:

- How did Nick land on a kinder, more gentle approach, to personal finance?

- What is the least conventional bit of financial advice that a reader may come across in Nick’s new book?

- Nick’s new book states that most savings advice is problematic - where does he differ from the conventional wisdom with respect to savings advice?

- How should we think about lifestyle creep from a data driven perspective?

- How should people think about investing at a time when inflation is rising this dramatically and when the market is not keeping pace?

- A sub chapter of Nick’s book says that “not even God can beat dollar cost averaging.” Why, historically, has waiting for a more opportune time to enter the market not been an effective strategy?

- How do you buy in a crisis and why shouldn’t we fear volatility?

- Did Nick change his mind about any major issue as he did the research for his new book?

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Compliance Code: 1022-OAS-6/13/2022