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Your 401K Might Be Costing You A Lot

In past podcasts you’ve seen I’m a big fan of simple, straightforward ways to add substantial wealth to your portfolio. Well today I’m giving you another very accessible but often missed method for building your wealth. It’s a little known loophole for 401ks, called in-service distrubitions, that was created as a result of the 2008 financial crisis. If you have a 401k of any size you’ll find this information on in-service distributions extremely useful as you put together your financial plan. If the right choice isn’t made on a 401k at the right time, it could cost you a lot. Listen below and let’s save you some money.
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Categories: Personal Finance and Strategy.

What I relearned when a thirty-two trade win streak came to an end.

What did I learn from the first losing options trade after a nine month streak of thirty-two profitable trades? This is one of the single most important lessons any investor can learn. And I’m reminded of it every time I defy this principle. Listen to this week’s podcast and hear the story about what I relearned from the experience when my thirty-two trade streak came to a halt.
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Categories: Personal Finance and Strategy.

How Do You Compare To The Average American? Surprised At This.

CNBC recently ran a survey the call the “All America Survey” in which they go out and survey Americans across all income levels and backgrounds. They try to get a pulse on what the average American thinks about the markets, investing and other financial topics. I found it quite insightful to see what the “average American” is thinking right now. How good an investment environment are we in? What are the best investments available today? How stocks compare to bonds or real estate to gold. You have to compare yourself to this crowd for one great reason: it will tell you a lot about your investment savvy. And let me tell you, the “average American”, at least according to this survey, is not terribly savvy. Today’s podcast dives right in and talks about these results and how you might compare. I hope you enjoy.
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Categories: Markets, Personal Finance, and Strategy.

Conventional Wisdom About Retirement Age Allocations Is Likely Costing You

I absolutely LOVE this week’s podcast topic. Why? Because it is one of those areas where I am highly confident that with just a few simple adjustments and without much heartache I can help many, perhaps even most, people save a lot of money. And that is my job. Today, we’re talking about age based allocation formulas that are preached by the financial masses. When you’re 60, it’s 60 percent bonds/cash and 40 percent equities, right? Today you’re going to hear me talk about just how wrong this can be. And it can be BIG wrong depending on the situation. Click below to listen and enjoy.
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Categories: Personal Finance and Strategy.

The Sleep Easy Plan: Podcast

In my time as a financial advisor and portfolio manager I have seen many people come to the sudden realization that they haven’t prepared fully for their retirement. It’s not just that they didn’t invest properly, sometimes they did have a good investment strategy. It’s more than that. Often it has to do with having not mapped out their financial future. How much will they need? How much are they likely to have? What type of lifestyle are they expecting? What are the implications of their current financial status projected into the future? Suddenly they call me in a panic having not slept the past several days. They’ve felt “the jolt” from their lack of planning. Today we talk about that “jolt”, how to prevent it, and what to do if, or often when, you face it. I hope you enjoy and take the lesson to heart.
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Categories: Personal Finance.

Do You Have Home Country Bias and Other Behaviorally Driven Investor Topics

In this week’s podcast I’m basing my thoughts on the string of client questions I have been receiving over the last couple of weeks. You may have heard me say before, as a financial advisor I consider myself a behavioral advisor as much as a markets advisor. Investors are antsy and they’re asking questions like: “The market is at an all-time high is it the time to sell?” “This political environment is making me antsy, how do I trade it?” I address these topics head on. What does history and what does probability tell us about them? The answers formulate our response. Finally, I also address a critical behavioral weakness of many investors: home country bias. You like many others may have this. It can hamper your portfolio’s performance. So click below to listen as we discuss these very important topics and see how you would grade yourself against our recommended
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Categories: Markets, Personal Finance, and Strategy.

This Client Asked Two Common Questions: Here’s Our Answer

A client recently asked me two questions: 1) What is the market going to do over the course of the next year? 2) What is the secret sauce that has led to our success in the markets? What I did was walk him through why those aren’t the right questions to ask an adviser. I walked him through what I believe any client or potential client should ask their investment adviser. The reasoning for my answer is deeply connected with why I believe a large number of investors, either on their own or with an adviser, don’t achieve the success they should be able to. Today’s podcast is a simple review of that conversation. I hope you enjoy. What We’re Reading The first rule of Investing is . . . This is a fantastic, quick read that we agree with wholeheartedly. The key to any “rules” is to implement them.
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Categories: Markets, Personal Finance, and Strategy.

How Your Peers Are Managing Their Money – Survey Results

Four weeks ago we had our newsletter subscribers participate in a survey and promised to share the results along with our thoughts on what they mean. Well the results are in and there are some interesting insights into what it means for you and your peers as you manage your money. We recognize that the data is not a perfect representation of investors as a whole.  Our subscribers are definitely a wealthier, more educated and more sophisticated slice of the population. Those subscribers who chose to participate may slant one way or another compared to those who chose not to. And finally, to keep it short and anonymous we didn’t get much of the detail that would have given even more insight into investor behavior. That said, below are the survey results and some of our thoughts on what they may mean for you as you consider your investments and
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Categories: Markets and Personal Finance.

Volatility Is The Price You Pay For The Returns On An Investment: The IGGA Podcast

If you are one of the many investors, who, like one of my client’s, has a misplaced notion of risk, you’ll get a lot out of today’s podcast. Also, you will probably want to talk with us about assessing how risk and returns play into your portfolio decisions. I can’t tell you the number of truly bright, hard working individuals that have deeply limited their portfolio’s value because they misunderstood risk. I hope you enjoy the podcast, and encourage you to give me a call to discuss how you should be looking at risk and investments for your time frame. Listen below.
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Categories: Personal Finance and Strategy.

Iron Gate Global Advisors June Survey – Enter For A Chance At A $50 Amazon Gift Card

The Iron Gate Global Advisors newsletter is received by thousands of participants like yourself who have an interest in their financial future.  Many have expressed a desire to improve their standing by enhancing their knowledge about personal finances, retirement and investing. In an effort to help you understand your peers so that you can perhaps improve your own portfolio, we would like to invite you to participate in a short survey. We will share the results in a few weeks with you through the newsletter and via our blog. All participant information will be undisclosed except as aggregate answers. As an added bonus we’re throwing in three Amazon $50 gift cards to be given to three lucky participants. Simply add your email at the end of the survey if you’d like a chance to win. We look forward to sharing the results with you. Complete The Survey Below Disclosures: All
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Categories: Personal Finance.
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