We just dropped episode 72 of the Ask The Planman podcast, and this one is a must listen episode for practical advice on proactive financial planning and navigating market fluctuations.
It’s also a cautionary tale from the dot-com bubble and financial crisis and a deep dive into the dangers of over concentration. With insights drawn from decades of experience, including my own personal story of a 98% loss in an asset that seemed steady, this episode is packed with lessons on making informed financial decisions and safeguarding your assets.
We’re chatting about WHY consistent and strategic investment plans, like dollar-cost averaging and diversification, are essential for long-term financial success. .
In this episode we’re covering the following topics:
The importance of dollar-cost averaging and how buying during market downturns and consistent contributions can maximize your returns.
Asset allocation and diversification, and how balancing growth and value stocks can help you achieve a risk-adjusted rate of return, tailored to your financial goals.
A personal cautionary tale to help you understand why managing risk through diversification is essential (especially during market crashes)
Tips on protecting your wealth, avoiding overconcentration, and making informed financial decisions.
Where to Listen:
