Your Investments Are Located…All Over the Place
10/23/24 • 10 min
Maintaining total control of your finances starts with something that seems simple and yet tends to be a major hurdle for many of us to overcome. Discover the importance of organizing your investment accounts and how merely knowing where all your money is located can lead to better investment results in the long term.
Jeff Harrell shares more stories from the trenches of financial planning that illustrate why the negative effects of putting off your financial “to-do list” for a few more months or maybe even years will only worsen the longer you wait.
This episode is designed to get you to stop procrastinating and start taking action with some small steps that will make a big impact on your FI journey.
(Season 2 Episode 8)
Resources Mentioned in Episode:
- A list of index exchange traded funds (ETFs) to consider if your custodian doesn’t charge transaction fees for each purchase, and no-fee index mutual funds offered by custodians Schwab and Fidelity in various asset classes - see episode Show Notes on our website
Other Episode Referenced:
Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com
Maintaining total control of your finances starts with something that seems simple and yet tends to be a major hurdle for many of us to overcome. Discover the importance of organizing your investment accounts and how merely knowing where all your money is located can lead to better investment results in the long term.
Jeff Harrell shares more stories from the trenches of financial planning that illustrate why the negative effects of putting off your financial “to-do list” for a few more months or maybe even years will only worsen the longer you wait.
This episode is designed to get you to stop procrastinating and start taking action with some small steps that will make a big impact on your FI journey.
(Season 2 Episode 8)
Resources Mentioned in Episode:
- A list of index exchange traded funds (ETFs) to consider if your custodian doesn’t charge transaction fees for each purchase, and no-fee index mutual funds offered by custodians Schwab and Fidelity in various asset classes - see episode Show Notes on our website
Other Episode Referenced:
Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com
Previous Episode
Investment Returns Less 1% Costs…Up to 1/3 of Your Net Worth?!?
This episode will blow your mind when you find out how neglecting something that seems so small and insignificant can have a catastrophic impact on your timeline to reach FI. Jeff Harrell discusses how investors who make sure they pick up every “nickel, dime, and quarter” possible in their investment portfolio will reap the benefits many years down the road.
Listeners will be provided with other resources that you surely would never be directed to by the traditional financial services industry. After listening to this episode, you will be armed with the knowledge necessary to help make better investment decisions when it comes to not only choosing your investments, but how you go about personally obtaining financial advice.
Understanding the impact a small percentage can make will allow you to turn the power of compound interest in your favor.
(Season 2 Episode 7)
Resources Mentioned in Episode:
- Forbes article, “How A 1% Investment Fee Can Wreck Your Retirement”
- YouTube video, “Retirement Plans: Last Week Tonight with John Oliver” (21-minute episode)
- Advice-only financial advisors:
Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com
Next Episode
Financial Planning Software…Smoke and Mirrors
This episode highlights the shortcomings of one of the most popular benefits touted by the financial services industry: financial planning software. Jeff Harrell shares his experience with how advisors use this tool in practice, as well as how DIY investors can gain access to similar features at a fraction of the cost.
Jeff will arm you with the knowledge of just how useful—or not—these applications could be in your situation. Understanding the sensitivity of the variables and wide range of outcomes they can project will allow you to be better informed when evaluating the output.
The episode concludes with a balanced look at the real value of financial planning software and unbiased recommendations for a couple DIY solutions.
(Season 2 Episode 9)
Resources Mentioned in Episode:
- OnTrajectory – retirement planning software for regular people
- Projection Lab – modern financial & retirement planning tools
Other Episode Mentioned:
Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com
Invested Poorly: Sad Tales of FInancial Fails - Your Investments Are Located…All Over the Place
Transcript
Have you ever grabbed a jacket out of the closet and found money in one of your pockets? Even though it was already your money, it feels like free money, since you didn’t realize you had it, right? Now imagine if something like this happens with your investments. I kid you not, I’ve met people who didn’t realize they had 10, 50, even more than 100 thousand dollars in an account that they had completely forgotten about. And while the idea of finding your own money does have some appeal, w
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