Joe Pecore is a Professor of Business at the Rady School at UCSD. There, he teaches accounting and personal finance - including basic financial planning, the time value of money, how money grows exponentially, budgeting, how to track spending, banking, credit, investing, retirement, and housing - to undergraduates and graduates alike.
Alex and I visited his class, and we found that it was hugely valuable for college and grad students. Furthermore, it would be an amazing resource for many adults as well. Today, Joe joins the podcast to talk about teaching financial planning, what so many people of all ages get wrong, and the steps you can take to get on the right track to position yourself for exponential growth over your lifetime.
In today’s conversation, here’s what you’ll learn:
- Why your twenties are so important when it comes to financial planning - and how Joe’s course is changing lives.
- The reason Fidelity's Zero Cap Large Growth Index Fund and Extended Market Index Funds may be great ways for you to get exposure to large cap stocks in the US market, as well as what to watch out for when you see so-called “free” offers.
- Why investing in individual stocks is a lot like gambling - and can’t be seen as a viable investment strategy.
- The key percentage you should be seeing in returns from your financial advisor - and the warning signs that something might be going wrong.
- How our roles as financial advisors differ from the roles of brokers decades ago.
P.S.: Right now, we’re offering our $100 Portfolio Challenge. It’s like a physical for your portfolio; we’ll look at the bonds and stocks you own, your overall asset allocation, goals and objectives, and exposure to volatility - as well as how we can improve it. If we can't, we'll send you a $100 gift card. If you’d like to schedule your Portfolio Challenge,email firstname.lastname@example.org and use the subject line “Portfolio Challenge”.
The content of this radio show is provided for informational purposes only and should not be considered investment advice or a recommendation to buy or sell any types of securities. Mr. Labrum and Labrum Wealth Management/Financial Detox are not responsible for the consequences of any decisions or actions taken as a result of information provided in this radio show and do not warrant or guarantee the accuracy or completeness of the information provided. The information discussed today reflects the views of Mr. Labrum and his guest(s) as of the date of this show and are subject to change without notice.Past performance is no guarantee of future results. Any forward looking statements or forecasts are based on assumptions and actual results may vary from any such statements or forecasts. No reliance should be placed on any statements or forecasts when making any investment decision. Accordingly, listeners should not rely solely on the information provided today in making any investment decision. There is a risk of loss from investing in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor's financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses.