Markets are at all-time highs despite recent events. In episode 49 of the YMYW podcast, Joe and Al share smart investment strategies you can learn from past performance and give advice for investing in a bull market versus a bear market. Original publish date July 23, 2016 (hour 1). Note that content may be outdated as rules and regulations have changed.
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00:00 – Intro
02:33 – “If you’re invested in the stock market today, the question is: now what? Should you keep your money in the market? If you’ve been sitting on the sidelines sitting in cash, is it a good time to jump in?”
03:23 – “Trying to time the market is a fool’s game, not to mention pretty dangerous.”
05:36 – “By being fully invested when you need to be fully invested – that’s the appropriate way to do it. Get invested properly and stay invested.”
09:02 – “Because the stock market is volatile and you can lose money, over the long term you make a lot more money and that’s the premium that you have to pay to make that extra return.”
16:42 “Most of you have assets inside your 401(k) plans, IRAs, 403(b)s – that’s where a bulk of your retirement assets are. Guess what? There’s a tax risk there because every dollar that comes out of that plan is taxed at ordinary income rates.”
21:59 “Donald Trump would like to change our tax structure with four brackets, starting at 0% and the highest bracket being 25%…the highest bracket right now is 39.6%.”
27:21 “When’s the last time you fully reviewed your portfolio? Are you having conversations about Social Security, taxes and Medicare?”
31:32 “No one knows when these asset classes are going to perform so you want to have some of each. People chase near term performance all the time…that’s not a good formula.”
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IMPORTANT DISCLOSURES:
Pure Financial Advisors is a registered investment advisor. This show does not intend to provide personalized investment advice through this broadcast and does not represent that the securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the broadcast in the process of making a full and informed investment decision.
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.
• Opinions expressed are not intended as investment advice or to predict future performance.
• Past performance does not guarantee future results.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
CFP® – The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
AIF® – Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.
CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.
