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Leverage Looks Brilliant, Until It Blows Up
Manage episode 483736436 series 2875588
This week, Skippy and Doogles dig into one of the worst retirement product we’ve ever seen: Basic Capital. It promises 5x leverage on your 401(k)—what could go wrong? We break down the math, the sales pitch, and why this kind of financial “innovation” can trap you in a debt spiral. Plus, we talk hidden fees from trusted advisors, and why “just 1%” could cost you 25–30% of your future wealth.
In this episode:
- The case against leveraged retirement accounts
- Why fees are the silent killer of long-term returns
- Basic Capital’s pitch vs. reality
Want to build wealth without stepping on financial landmines? Tap play.
Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].
231 episodes
Manage episode 483736436 series 2875588
This week, Skippy and Doogles dig into one of the worst retirement product we’ve ever seen: Basic Capital. It promises 5x leverage on your 401(k)—what could go wrong? We break down the math, the sales pitch, and why this kind of financial “innovation” can trap you in a debt spiral. Plus, we talk hidden fees from trusted advisors, and why “just 1%” could cost you 25–30% of your future wealth.
In this episode:
- The case against leveraged retirement accounts
- Why fees are the silent killer of long-term returns
- Basic Capital’s pitch vs. reality
Want to build wealth without stepping on financial landmines? Tap play.
Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to [email protected].
231 episodes
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