Episode 134: VORB Goes Bust & I Bond Updates

Richard Branson's Virgin Orbit (VORB) collapsed last week and Steve and Gabriel are here to discuss what lead to its demise, and the inherent risks involved with picking individual stocks. Plus, they're sharing details on I bonds, answering listener questions, and more on today's show!VORB Goes Bust:Everything has pros and cons and a proper place in your planning, but we like to take a Core + Satellite approach when considering investment options.How does the collapse of VORB showcase the risk of speculative investing?The "Mansion Tax":Los Angeles recently introduced an extra tax on homes sold over $5 Million and $10 Million in the county.We're discussing why making smart tax moves can have a major impact on your wealth.I Bond Updates:I bonds gained popularity last year, but what are they? And how are the interest rates calculated?There's been an update to the fixed rate component of these bonds, what does that mean for investors?There are limits on how much you can buy, we'll share how it works.Listener Questions:"I'm retiring in about five years and I'm currently maxing out my 401(k), but not adding any other savings. Should I be saving anywhere else even if that means putting less in my 401(k)?" - John"I have a REIT that I purchased several years ago and it's done nothing but lose money. I'm told that I can't cash it out but I got a letter from a company offering to buy it from me. Is this worth exploring?" - Amy