Is your advisor’s financial plan for you too cookie-cutter, set it and forget it? Should you stay or should you go? Joe and Big Al weigh in on whether a couple of listeners who are dissatisfied with their financial advisors should ditch the advisors or keep them. Plus, how should you choose investments in your […]
If a large share of your investment portfolio is in a single stock, it may represent an unnecessary risk to your overall wealth. You may need to sell some of that company stock, but how do you diversify a concentrated stock position in the most tax-efficient way possible to minimize capital gains tax? Is tax-efficiency […]
“If we’re heading to a recession, we’re already in it.” Liz Ann Sonders (Chief Investment Strategist, Charles Schwab & Co.) shares her mid-year market insights and provides strategies for removing the emotion from investing, regardless of market conditions. Plus, Joe and Big Al answer your money questions: how do you diversify a portfolio for the […]
Diversification is an important strategy for any investor because it can help to reduce systematic risk or the risk of the overall market. We accept that risk by being invested in the market in general, but why take on additional types of risk when they can be reduced? Investment portfolio diversification allows us to reduce […]
Many established investors are familiar with the advantages of portfolio diversification, although those relatively new to investing may ask themselves, “What is portfolio diversification?” Like many things in life or in finance, portfolio diversification is easier to understand than to implement effectively. Investors often make mistakes that can prove costly and impede their long-term financial […]
You’ve heard the phrase, “don’t put all your eggs in one basket?” In this video, Nate Ritchison, CFP® explains how portfolio diversification is the concept of spreading your eggs – that is, your investments – across many baskets, or asset classes, to limit the damage when some of the baskets fall.