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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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Oct 4, 2019

When it comes to investing, there are basic strategies that have stood the test of time. Following these principles will all but guarantee financial success, but that isn’t always the easiest thing to do for different reasons. Let’s discuss the reasons why we get off track and what we can do to correct things.

Today's rundown:

0:10 – Setting the table for today’s show.  

1:50 – Mailbag question: I have Parkinson’s Disease and have found long-term care to be very expensive. Should I just figure out how to self-insure?

3:32 – Does long-term care insurance make sense for most people?

4:35 – Mailbag question: Are reverse mortgages bad? I assume they’re bad.

6:12 – Mailbag question: The stock market scares me since 2008. Now I have a lot of money in the bank. How should I invest it?

8:12 – Financial strategies that are obvious but we don’t always stick to them.

8:26 – “Buy low and sell high.”

9:40 – A good advisor will keep you from doing the wrong things at the wrong time.

10:50 – “Don’t pay more in taxes than you have to.”

12:43 – “Don’t put all your eggs in one basket.”

14:19 – There’s a lot more to the investment world than stocks and bonds.

15:22 – “Market timing is virtually impossible to do. Don’t try it.”

16:59 – Stats show us that trying to time the market can create a significant difference in returns.

18:16 – “The need to keep costs low.”

For the full show notes and additional resources, visit here: