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Ep 322: Things You Can’t Trust When It Comes to Finances
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When? This feed was archived on January 29, 2024 02:14 (). Last successful fetch was on December 15, 2023 11:17 ()
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Manage episode 303503051 series 2809791
Don't always trust what is on paper.
This can be a difficult thing to change. It can be exciting when an advisor shows us a document with our account goals and predictions on it. But in a situation like this, you should really be focusing on your overall plan with your advisor. At the end of the day, the plan will be how you will reach those exciting numbers.
Don't trust that you are done with fees.
Perhaps you have the idea that you paid fees when you first invested. Or maybe someone told you that you won't have to pay additional fees on an investment. Everything in investing has some type of fee. But don't think of them as burdensome. By investing, you are contributing to the overall growth of your portfolio.
Don't trust money scams.
This one might seem obvious, but they can sometimes be tricky to spot. You will want to stay wise to the internet to safeguard yourself against evolving scams. If something feels suspicious, it probably is.
Don't always trust the stock market.
The stock market changes every day and it is nearly impossible to predict and time. Just because the market was down today does not mean that it will be down tomorrow. No one can really know before it happens. Your best strategy is to make sure all of your eggs are not in one basket. The market always has a lot of potential for growth.
Listen to the full episode for more details on financial things you shouldn't trust.
0:20 – Story about trust
2:03 – What are some things we can’t trust?
2:52 – Timing the market
5:09 – Being told there are no fees
6:02 – Money scams
7:55 – Can we trust the stock market
For more, visit us online at http://flemingfinancialservices.com
99 afleveringen
Gearchiveerde serie ("Inactieve feed" status)
When? This feed was archived on January 29, 2024 02:14 (). Last successful fetch was on December 15, 2023 11:17 ()
Why? Inactieve feed status. Onze servers konden geen geldige podcast feed ononderbroken ophalen.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 303503051 series 2809791
Don't always trust what is on paper.
This can be a difficult thing to change. It can be exciting when an advisor shows us a document with our account goals and predictions on it. But in a situation like this, you should really be focusing on your overall plan with your advisor. At the end of the day, the plan will be how you will reach those exciting numbers.
Don't trust that you are done with fees.
Perhaps you have the idea that you paid fees when you first invested. Or maybe someone told you that you won't have to pay additional fees on an investment. Everything in investing has some type of fee. But don't think of them as burdensome. By investing, you are contributing to the overall growth of your portfolio.
Don't trust money scams.
This one might seem obvious, but they can sometimes be tricky to spot. You will want to stay wise to the internet to safeguard yourself against evolving scams. If something feels suspicious, it probably is.
Don't always trust the stock market.
The stock market changes every day and it is nearly impossible to predict and time. Just because the market was down today does not mean that it will be down tomorrow. No one can really know before it happens. Your best strategy is to make sure all of your eggs are not in one basket. The market always has a lot of potential for growth.
Listen to the full episode for more details on financial things you shouldn't trust.
0:20 – Story about trust
2:03 – What are some things we can’t trust?
2:52 – Timing the market
5:09 – Being told there are no fees
6:02 – Money scams
7:55 – Can we trust the stock market
For more, visit us online at http://flemingfinancialservices.com
99 afleveringen
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