Ep. 1997: The Lemmings Didn’t Jump

Don and Tom use Disney’s infamous lemming myth to explain investor herd behavior, recency bias, and the danger of chasing whatever has recently been hot. Then they answer questions about simplifying a diversified portfolio, evaluating a long-held annuity, and why “Bank on Yourself” whole-life strategies create more problems than they solve. 00:00 The lemming film clip 00:56 The lemmings didn’t jump 02:21 The lemming corollary 04:38 Herd behavior in tech, crypto, and markets 07:58 When the crowd is wise—and when it isn’t 12:48 Listener questions begin 13:16 Simplifying a diversified portfolio 16:32 Should she keep the annuity? 20:40 The problems with “Bank on Yourself” 25:58 Wrap-up 27:11 Disclosures Questions? Comments? Click the microphone at TalkingRealMoney.com. Questions? Comments? Click!