We analyze two listeners' portfolios. One who is close to retirement and considering hiring an outside money manager. The second is 45 and just sold a business and is trying to decide whether to fire Schwab's robo-advisor service and manage his portfolio on his own. Topics covered include: What elements are part of a financial planWhat to consider when researching an investment advisorWhat is a core-satellite investment approachWhy Schwab was fined $180 million for misleading its … [Read more...]
303: How To Do Financial Planning
Why individuals should use a more agile approach to investing and financial planning. Topics covered include: How to incorporate low probability catastrophic events in your financial plans.How traditional financial planning differs from agile financial planning.Why we need to test-drive our financial plans.How too much efficiency can lead to a lack of resilience.How David’s portfolio is allocated using a flexible, role-based bucket approach. Show Notes The Investors’ … [Read more...]
193: Why Plan If Life Is So Unpredictable?
How planning helps us avoid catastrophic errors while maintaining flexibility and margins of safety allow us to thrive even if our plans don't work out. Photo by NASA In this episode you’ll learn: The difference between planning to never fail and planning for small failures. Why traditional financial plans have up to 40% chance of failure but we should plan anyway. How to play not to lose. Why there is joy in the journey. Show Notes Eyes in the sky: a revolution in … [Read more...]
