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Episodes by Topic: Diversification
Dealing with Inflation
Before diving in to inflation, Mike offers some advice on shopping for a financial advisor: questions to ask and resources to use to check the portfolio they are showing you
Mike then answers questions regarding inflation, such as:
- How has inflation affected things like buying a car?
- How does inflation affect investments? Your lifestyle?
- Typically, people only look at the risk of volatility when considering a stock, but they forget that is a temporary risk. Another, more important consideration is the loss of purchasing power. How does inflation affect this?
- What is the importance of rebalancing your portfolio?
He also discusses ways to deal with inflation:
- Reduce and pay off debt.
- Give appreciated assets instead of cash.
- Stay in stocks, but keep diversified as well.
To read the latest Economic Review mentioned in this program, click here.
Listen to the EpisodeCurrent Events and The Market
Do you think more money will solve all your problems? Mike looks at an example from the life of Bill Gross, debunking this myth.
What is going on with inflation and all the spending the government is doing?
Was the recent plunge in the market just an extreme overreaction to the Delta variant?
Mike looks at a recent article that analyzes the current state of the economy, considering:
- Crude Oil Prices
- Lumber Prices
- Real Estate Market
- Unemployment
A listener asked a question about considering a Roth Conversion. Mike explained some of the tax considerations a person would want to think about prior to making that conversion.
He also looks at a two-part blog by Gary Alexander entitled Seven Life Lessons for Building Wealth.
Many of these items have been covered on past episodes of this show as well!
- Seek Lifelong Education
- Be a Contrarian Investor
- Invest in Yourself
- Learn from History to Be an Optimist
- Build Winning Partnerships
- Don’t Try to Time the Market
Government and the Economy
Mark Elam, Senior Investment Strategist at Ronald Blue Trust, joins Mike to discuss how projected policies of the new administration may affect our economy.
Questions answered include:
- How does the makeup of congress affect the economy?
- Does all of this stimulus money drive inflation up?
- It seems the US Dollar is getting weaker in the global economy, is that a cause for concern?
- What about investing in things like gold?
- Is there a bubble in the stock market? How does diversification help stabilize a portfolio in a stock bubble?
What is Your Financial Plan?
Scott Clark, CFP®, CKA®, joins Mike to discuss the Everyday Steward division of Ronald Blue Trust. They discuss the importance of having a financial plan, having your estate in order, and making sure you are truly diversified in your investments.
Mike ends by reading this holiday greeting from Nick Stonestreet, CEO of Ronald Blue Trust.
A special offer for our listeners! For $500 you can get a professional financial plan overview for yourself or to give as a gift!
Scott and his team will help you answer five major questions:
- Do you have written financial goals or responsibilities driving your decisions?
- Are you purposefully giving, saving, and spending?
- Are you prepared for the impact of death or disability?
- Are you on track to meet your written goals or responsibilities?
- Are you making wise investments? Does your portfolio flow from your plan?
This offer will include one hour of planning by Scott and his team, one hour meeting with Scott to discuss the plan they have drafted, and a binder with the plan all printed out for you.
Two books will also come with the plan: Your Money Made Simple and Your Life Well Spent, both by Russ Crosson, the chief mission officer of Ronald Blue Trust.
To begin the process, you simply need to request a questionnaire. You will have no obligation until you return the questionnaire and you agree to engage us
For more information, please email mike@talkingmoneyradio.com or scott.clark@ronblue.com, or you may call Scott at 864-335-6744 or the Greenville office at 800-588-7526.
Listen to the EpisodeBest of: The Importance of Diversification
Highlights from show aired February 1, 2020.
Nick Stonestreet, CEO of Ronald Blue Trust joins Mike to discuss the importance of not owning too much of any one company’s stock. Nick and Mike both share stories of actual situations to illustrate the importance of an effectively diversified portfolio.
Listen to the Episode
Diversification: Recipe for Mediocrity or Smart Strategy?
Mike Tyson is quoted as saying “Everyone has a plan until I punch them in the face!” Investing can be like that too—you have a good strategy, but as soon as something fearful happens, you blow it up in smoke.
Is diversification a recipe for mediocrity or a smart strategy?
Listen to the EpisodeThe Importance of Diversification
Nick Stonestreet, CEO of Ronald Blue Trust joins Mike to discuss the importance of not owning too much of any one company’s stock. Nick and Mike both share stories of actual situations to illustrate the importance of an effectively diversified portfolio.
Listen to the EpisodeSponsored By:
