CHOOSE AN INVESTMENT APPROACH SUITABLE FOR YOU AND STICK WITH IT Watch the related WEALTHTRACK episode.
Action Point
CONSIDER OWNING INTERNATIONAL SMALL CAP STOCKS
CONSIDER OWNING INTERNATIONAL SMALL CAP STOCKS Big & diverse universe Operate in countries representing 75% of world GDP Under-owned asset class Multi-year period of underperforming its historical average Much less expensive than American counterparts Track record of beating Small Cap U.S. stocks with less volatility Source of income 83% pay dividends vs. 43% U.S. Small […]
SEEK THE ADVICE AND ANALYSIS OF INDEPENDENT THINKERS
SEEK THE ADVICE AND ANALYSIS OF INDEPENDENT THINKERS Best strategists and money managers are not afraid to take contrarian positions Sometimes really stick their necks out if research shows the market is wrong Work for firm that encourages independent thinking and expects challenges to conventional wisdom Watch the related WEALTHTRACK episode.
CHOOSE AN INVESTMENT STRATEGY THAT MAKES SENSE FOR YOU AND ONE THAT YOU CAN ALSO STICK WITH
CHOOSE AN INVESTMENT STRATEGY THAT MAKES SENSE FOR YOU AND ONE THAT YOU CAN ALSO STICK WITH Figure out investment approach you can stick with through good markets and bad Choose managers who will stay with that approach consistently Find passive strategies that will enable you to stay invested at comfortable levels Watch the related […]
PUT NO MORE THAN 1 OR 2% OF YOUR PORTFOLIO IN CRYPTOCURRENCIES
PUT NO MORE THAN 1 OR 2% OF YOUR PORTFOLIO IN CRYPTOCURRENCIES Extremely speculative In its infancy Constantly evolving Not regulated Highly susceptible to booms and busts typical of every new technology Watch the related WEALTHTRACK episode.
START TO BUILD SOME MORE DEFENSIVE POSITIONS IN YOUR PORTFOLIO
START TO BUILD SOME MORE DEFENSIVE POSITIONS IN YOUR PORTFOLIO GIROUX’S DEFENSIVE ADDITIONS To equity positions: Utilities Other less economically sensitive stocks To fixed income positions: Longer term Treasury bonds Watch the related WEALTHTRACK episode.
