Most investors believe diversification protects them from risk. It does not.
Richard Rosso breaks down what diversification actually does, what it does not do, and why confusing it with risk management can quietly damage your portfolio over time.
We also tackle one of the most overlooked questions in retirement planning: do you actually need long-term care insurance?
Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP
Produced by Brent Clanton, Executive Producer
0:00 - INTRO
1:38 - Market Gyrations & Diversifications
3:22 - Diversification of Assets AND Accounts
7:28 - The Past as a Pacifier
9:35 - What's Free on Wall Street?
13:01 - Diversification is NOT Risk Management
16:34 - Why is "Diversification" Sold as it is?
18:10 - Redefining Diversification
24:31 - The Lunchroom Effect in Mutual Funds
33:16 - Long Term Care - Some People Don't Need It
36:39 - Richard's Search in Cemeteries
37:41 - Long Term Care Planning Around Alzheimer's
40:08 - Who Needs LTC Insurance?
44:35 - Who Doesn't Need LTC Insurance?
48:00 - But If You Really Want LTC Insurance
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