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.
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: https://johnsonbrunetti.com/?p=4076