Trading Justice 312: Darryl Lyons on Behavioral Finance

In this episode of the Trading Justice Podcast, Tim interviews Darryl Lyons about money, markets and retirement planning. 

Darryl is the author of the book 18 to 80; A Simple and Practical Guide to Money and Retirement for All Ages.  Tim and Darryl discuss strategies and ideas that anyone can build for all strategies of their life. 

Ever curious what are the biggest mistakes a retiree makes?  What are some of the items to consider before you retire?  Listen into the podcast and get some actionable ideas for yourself about retirement planning, and financial planning.

Darryl holds licenses in Certified Financial Planner (CFP) and a Behavioral Financial Advisor (BFA).  His interest in behavioral finance is particularly fascinating and he and Tim discuss the works of Daniel Kahnemen regarding psychology, judgement and decision making. 

Before the feature presentation, Coach Mark and Tim analyze the market through the Market Skyline.  Markets recently went through a pullback, but they are maintaining bullish trends.  Topics include the Trade War, Economic Reports, Jerome Powell’s recent 60 minutes interview as well as the continued theme of the Global Growth Slowdown. 

Last, the coaches answer questions in our popular Coaches Mailbag segment.  What tradable instrument is best to master if you want to leave your 9 to 5 job?  Is there a way to add a few lines to the journal to separate the ETF”s and stock positions?  After about 40 paper trades, at what point would should you go live in your trading?  We answer all of these questions, and even one from Quora.  Enjoy!