At Labrum Wealth Management, we’re passionate about helping you live the best financial life possible. We know that there’s a lot of bad, outdated, and just plain broken advice in the financial industry right now, especially in terms of what clients end up getting from their advisors. That’s why today, we’re tackling a very broad, multi-part question from a listener with a million-dollar estate: “How should I invest my money?”
In today’s conversation, here’s what you’ll learn:
Why so many people make bad investment decisions instead of getting outside help, the importance of a diversified portfolio, and when you should shift your stocks and bonds.
How we at Labrum use Tolerance Band Rebalancing to eliminate human error in investing and shift portfolios as the markets move.
The big reason that so-called strategic timing is not going to help you make better decisions - and why it only adds risk to everything you do.
Why trying to handle your own financial planning is much like representing yourself in court or refusing to see a doctor when you get sick - and what to look for in a financial advisor.
Finally, we talk a 60 year old through the pros and cons of a Roth IRA conversion - and show you how this can help you achieve long-term, tax-free growth after paying taxes up front.
P.S.: In our next episode, we’ll be talking all about bonds, so be sure to get your questions in before June 28th to get them answered on the show!
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.