Jul 17 2024 40 mins 11
Are you making common investment mistakes without even realizing it?
They could end up costing you your dream retirement…
Join Jim Kruzan CFP®, CRPC® as he jumps into the top six investment mistakes that could be sabotaging your financial future. Learn about the essential knowledge and understanding needed before making investment decisions, the consequences of chasing hot markets, the importance of asset location, and the risks of making decisions based on fear or greed.
Jim discusses:
- Understanding what you own: The importance of knowing the costs, restrictions, and tax implications associated with your investments
- Chasing trends: Why jumping on meme stocks or hot markets could be detrimental in the long run
- Fearful investing: Making investment decisions based on fear alone
- Asset location: How placing investments in the right type of account can have significant tax and performance benefits
- Understanding your personal wealth cycle: The difference in strategy based on your stage of life
- Ignoring economic risk: How fear-driven decisions, especially after market downturns, can severely impact long-term wealth creation
- And more!
Definitions and Resources:
- 7 Common Retirement Planning Mistakes (And How To Avoid Them)
- Start Designing Your Bigger Bolder Retirement
- Cisco Historical Price Chart Split Adjusted
- Microsoft Historical Price Chart Split Adjusted
- Annuity Definitions and Guide
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