Portfolio

Do You Know What’s In Your Portfolio?

July 25, 2019

The Principle:

Along the path to retirement, we all make investments based on a variety of opinions and information we receive, but how often do we go back and reassess? Not doing so can cost you. Today we use a quote from Shaq and an analogy from Washington D.C. to explain the importance of understanding your investments.

(Want to jump ahead in the episode? Click the featured times below to skip to a specific section.)

 

Honest Takes:

If you opened up your portfolio right now and took a look at every one of your investments, would you be able to justify why you own each of them?

You’d be surprised, but many people would answer no. When you think about all the years you’ve invested and how much things have changed around us, it’s not that hard to believe that we’ve lost track of why we got into certain positions.

That’s the topic of conversation on this episode of the Retire with Integrity podcast. Brian and Tug use a quote from former NBA star Shaquille O’Neal to set the stage for why integrity is important in a financial advisor. They also use an analogy about Washington D.C. to further explain before the discussion somehow ends up at Waffle House.

To save you some time, we’ve listed the key topics from this podcast so you can skip ahead to the information you want to hear. Just click on the timestamp below and it will take you right to the audio clip.

[0:54] – Introducing today’s topic

[1:09] – This NBA star Shaquille O’Neal quote gets us started

[1:45] – How Doe someone decide which investments are appropriate?

[2:32] – Do you know why you own the investments that you do?

[3:13] – If you don’t know, ask yourself this question.

[3:28] – Using a Washington D.C. analogy to explain the issue.

[5:49] – The industry doesn’t always have your best interest in mind.

[8:21] – How technology is changing the game in investors’ favor.

[9:05] – What you can do if you don’t know what is in your portfolio and why.

[11:18] – Brian Bowen’s method for deciding what investments to make.  

 

Today’s Truth:

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The Host:

Brian Bowen – Contact