This week we are breaking things down to the basics of investing, including the differences between tax-deferred and taxable accounts, the importance of setting investment goals, and the power of strategies like dollar cost averaging. They also emphasize the value of diversification and maintaining emotional control when markets fluctuate. Whether you're a seasoned investor or just starting out, this episode provides a helpful guide to building smart investing habits for your financial future.
In this episode:
[0:00 - 2:00] Office upgrades: New welcome mat for security, hospitality
[2:00 - 8:00] Tax-deferred vs. taxable accounts: Contributions, trades, and distributions
[8:00 - 13:00] Investment goals: Short-term, long-term, and dollar cost averaging
[13:00 - 18:00] Liquidity spectrum: Savings, stocks, real estate investments
[18:00 - 24:00] Diversification: Sectors, asset classes, and exchange-traded funds
[24:00 - 27:00] Staying invested: Patience, emotional control, and additional resources
Reach out at contact@tricordadvisors.com
Connect with Randy:
LinkedIn: https://www.linkedin.com/in/rkbarkley/
Email: Randy@tricordadv.com
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: Laura@tricordadv.com
