We're in a turkey hangover but that won't stop us from diving into investing strategies. We share how, by playing to their strengths and finding external support for areas of weakness, investors can reduce risk and enhance returns. We also talk niche investment opportunities in private companies and specific sectors, such as SpaceX and Stripe appearing in mutual funds, which is why you need to stay informed about evolving markets.
Today we discuss...
- Kirk Chisholm reflects on a relaxing Thanksgiving filled with family time, turkey football, and setting up a backyard hockey rink.
- Doug Hagran shares his Thanksgiving highlights, including a successful deer hunting trip and attending a Minnesota Vikings game.
- Doug criticizes Ohio State's strategy after the loss against Michigan, emphasizing the failure to adapt and utilize their strengths against Michigan.
- How investors should align their strategies with their personal psychology and avoid imitating others, like Warren Buffett or hedge fund managers.
- Understanding personal strengths and weaknesses is critical for reducing risk and enhancing financial success.
- Using funds or managers for areas outside one's expertise can optimize returns and minimize risks.
- Private companies are being included in mutual funds, offering potential new investment opportunities for retail investors.
- Private equity investments often face challenges like high costs, illiquidity, and limited transparency.
- Liquidity is crucial in uncertain markets to avoid being trapped in illiquid investments during downturns.
- End-of-year tax-loss selling provides opportunities to buy undervalued stocks as investors offload losses.
- Macroeconomic factors like government cost-cutting and debt management significantly influence market trends and investment strategies.
- Growth stocks currently outperform due to optimism and favorable interest rate environments, but risks persist.
- Gold is noted for being less volatile than Bitcoin, but Bitcoin's upside has been stronger.
- The importance of moving on from losses, whether in elections, investing, or other domains, is underscored as a path to better decision-making.
For more information, visit the show notes at https://moneytreepodcast.com/turkey-hangover-665
Today's Panelists:
Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners
Follow on Facebook: https://www.facebook.com/moneytreepodcast
Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast
Follow on Twitter/X: https://x.com/MTIPodcast