Skip to main content
Created: October 4, 2019
Modified: June 6, 2023

Simple Financial Strategies That We Often Fail to Follow

What You’ll Learn:
When it comes to investing, there are basic strategies that have stood the test of time. Following these principles will all but guarantee financial success, but that isn’t always the easiest thing to do for different reasons. Let’s discuss the reasons why we get off track and what we can do to correct things.

Some of the most basic investments strategies seem so simple and easy on paper, but we often overthink things so much that we veer away from what we know works.

Other times those strategies are much easier said than done. Take the common idea to ‘buy low and sell high.’ Who doesn’t want to do that, right? But we often get in our own way by failing to stick to a plan or a process. Instead, we opt to react and change course, damaging our retirement.

On this episode of Money Wisdom, Joel will take us through these strategies and explain where we go wrong. Advisors are there to help you avoid making the wrong decision at the wrong time and this conversation will help do that.

We also get three great mailbag questions that deal with some important investment topics: long-term care options, reverse mortgages, and investing in the stock market.

So let’s get started! Here’s the list of main topics you’ll hear on this episode of the Money Wisdom podcast (Just click on the timestamp to jump to the specific clip):

[0:10] – Setting the table for today’s show.  

[1:50] – Mailbag question: I have Parkinson’s Disease and have found long-term care to be very expensive. Should I just figure out how to self-insure?

[3:32] – Does long-term care insurance make sense for most people?

[4:35] – Mailbag question: Are reverse mortgages bad? I assume they’re bad.

[6:12] – Mailbag question: The stock market scares me since 2008. Now I have a lot of money in the bank. How should I invest it?

[8:12] – Financial strategies that are obvious but we don’t always stick to them.

[8:26] – “Buy low and sell high.”

[9:40] – A good advisor will keep you from doing the wrong things at the wrong time.

[10:50] – “Don’t pay more in taxes than you have to.”

[12:43] – “Don’t put all your eggs in one basket.”

[14:19] – There’s a lot more to the investment world than stocks and bonds.

[15:22] – “Market timing is virtually impossible to do. Don’t try it.”

[16:59] – Stats show us that trying to time the market can create a significant difference in returns.

[18:16] – “The need to keep costs low.”

Our Locations
Johnson Brunetti
Welcome to Our New Website!
Everything was designed with you in mind, making our retirement planning resources more easily accessible to you.
Check out your new resource center, where everything can be organized by article type or topic
Are you ready to speak with a financial advisor?
Skip to content