What’s up! It’s episode 90 of Payne Points of Wealth! Who once said there ain’t no time for the summertime blues? Well, guess what? The stock market didn’t get the memo, we’re still seeing tremendous volatility in stocks right now. Earnings season is upon us and it could be the most critical earning season of the year and give us a preview into what’s going to happen in the economy the rest of the year. Of course, we’re going to give you our thoughts today on how you should position your portfolio right now to protect yourself but grow your money. On the Tipping Point, we’re going to give you some practical tips and steps to ensure you’re going to be financially independent.
You will want to hear this episode if you are interested in…
Businesses are showing no signs of recession but banks are prepping [1:07]
Uncertainty is high. Are we going over a cliff? [4:19]
How can low markets be in the best interest of your portfolio? [6:17]
The Tipping Point [8:55]
Are you taking the appropriate amount of risk? [10:30]
Looking under the hood to find out what risk you’re really taking [13:33]
Having a holistic plan [15:44]
Hidden Facts of Finance [18:39]
Perhaps this is in my best interest
An upset client called worried about what’s going on with the world and she was concerned about her portfolio. This is normal and something we hear often. She asked if we thought it would be a good time for her to go to cash? Of course, our answer is ABSOLUTELY NOT! We informed her that that would hurt her entire plan.
She wanted to know why.
We went on to explain that more than half of her returns come just from those interest and dividends and that she needed to remember that we’re reinvesting that at low, low prices. She then says, so this actually could be a good thing for me? We couldn’t congratulate that client more. She’s absolutely right and there’s nothing better than the feeling you get when a client gets it!
This week on the tipping point: Are you taking the appropriate risk?
We have found that the biggest question we get from people who come to us whether they’re referred or they come knocking on our door, is “Am I taking enough risk to achieve my goals, or am I taking more risk than necessary?” And what we’ve found with most investors is they take way