by Douglas Goldstein | Jun 14, 2016 | Asset Allocation, Financial Strategies, Podcasts |
How can you improve your portfolio’s diversification? By consolidating your money under the watchful eye of a single financial advisor. Last episode discussed how consolidating your investments can make more money. Listen to this episode to discover the benefits of using money managers or mutual funds to manage specific sections of your portfolio. By consolidating your assets under one account, you can make sure that you are properly diversified. Listen to the whole show for a link to a free video about money... Click for more
by Doug Goldstein CFP® | Jun 2, 2016 | Asset Allocation, Financial Strategies |
Asset allocation may be even more crucial to investing than picking the “best” stocks or funds. This is because by dividing your assets among different asset classes rather than looking at individual investments only, you spread out your risk. By diversifying your investment among different products, you lower your chances of losing everything because of a single bad call. How many different asset classes should you own? Asset allocation spreads out your investment among different asset classes (stocks, bonds, real estate, cash, etc.) as well as within a particular asset class (for example, large cap stocks, mid and small cap stocks, foreign equities, and different types of companies). Depending on the amount of money you’ve got, it may be impossible to diversify on your own. In that case, learn about mutual funds and ETFs (Exchange Traded Funds), which often have the benefit of broad diversification. For the average investor, having between four and eight different funds that give you exposure to different areas of the market could be sufficient, but you should check with your own financial advisor before making a final decision. As you age and your risk tolerance changes, your asset allocation should be reevaluated to make sure it best meets your current situation. And, even if your personal situation doesn’t change, it’s wise to reevaluate your asset allocation periodically to make sure the market’s volatility didn’t knock your asset allocation out of whack. Like they say, “don’t put all your eggs in one basket… unless you’re at the grocery store, in which case you should because it makes it easier to carry them.” Listen to this... Click for more
by Douglas Goldstein | Mar 22, 2016 | Asset Allocation, Podcasts |
Do you know which of your assets has the most potential to make money? Listen carefully to the answer – it may both surprise and inspire you. And once you know, follow three very important tips that will help you to use this asset to its greatest potential to make... Click for more
by Douglas Goldstein | Feb 23, 2016 | Asset Allocation, Decision Making, Podcasts |
Financial advisors spend their workdays investing other people’s money. Have you ever wondered how they invest their own funds? While a financial advisor can be a great role model for financial success, following his investing style exactly may not be the best idea for you. What can you learn from watching how financial advisors invest, and how can you adapt this to your own personal style and circumstances? One of the most popular investments financial advisor use is the ETF (Exchange Traded Fund). Is using this investment vehicle a good move for you... Click for more
by Douglas Goldstein | Feb 16, 2016 | Asset Allocation, Financial Strategies, Podcasts |
Investing in real estate can have two possible outcomes – it can either make you rich or poor! People tend to buy properties either to live in or for an investment. Investing in real estate for either of the above reasons involves risk. This financial podcast provides a strategy for investing in real estate, describing REITs (real estate investment trusts) and why these may be a convenient way to invest in property without having to become a... Click for more
by Douglas Goldstein | Nov 10, 2015 | Asset Allocation, Financial Strategies, Podcasts |
Discover how asset allocation can help you build your wealth. This week’s financial podcast will help you get started with using this strategy, favored by many experts. Listen to the whole podcast to get details of a free download with crucial information for diversifying your portfolio.... Click for more
