The Dog Chasing Tail Investment Strategy

04/04/24 • 41 min

On today’s show, Wes is joined by Producer Mallory to elaborate on the pitfalls of fleeing the market during turbulent times. They comment on the shell shock of the Covid-19 lockdowns back in 2020 and how tempting it was for fearful investors to yank their money out of the market. Wes empathizes with the temptation but explains that letting the dog chase the tail rather than trusting in a balanced, diversified portfolio can have disastrous ramifications. Wes reveals that time in the market typically beats timing the market, and participation usually trumps perfection.

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Previous Episode

How To Strengthen The Aging Brain with Dr. Nicole Byers

We all know aging comes with cognitive challenges, but how early do they start? Sometimes, I forget my email password or where I put my car keys. Should I be worried? Dr. Nicole Byers came by to give us some fascinating answers, including the magical age when it can be beneficial to consume MORE calories.

With a Ph.D. in clinical psychology and a dissertation focused on the aging brain, she’s written extensively about brain health for Psychology Today.

A neuropsychologist, TEDx speaker, and CEO of Rocky Mountain Neurosciences in Calgary, Canada, her passion is helping women in leadership rewire the unhelpful brain defaults that keep them stuck so they can take significant steps in their careers without getting in their own way or burning out.

We all want to know how to keep our brains healthy for as long as possible. Who better to ask than someone who has dedicated her life to the topic? Stick around for some pearls of wisdom from Dr. Nicole Byers.

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Next Episode

Financial Freedom For Expats with Edd and Cynthia Staton

Edd and Cynthia Staton’s retirement plans were on track. Then, the 2008 Financial Crisis hit. Their careers disappeared, their home lost its value, and their savings plummeted. Realizing recovery was unlikely, they needed to come up with a Plan B.

And boy, did they ever.

In 2010, they moved to Cuenca, Ecuador. Don’t worry, they didn’t know where that was, either. But now they love it! They live in a 3,000-square-foot penthouse apartment, have a housekeeper, eat out frequently, never worry about health care costs, and walk to their favorite yoga studio.

And they aren’t the only ones. According to the Social Security Administration, the number of retirees drawing Social Security outside of the U.S. surged 40% between 2007 and 2017.

Edd and Cynthia are now seen as expat experts in retirement, traveling, and health and wellness. They’ve authored three Amazon #1 best-selling books, are regularly featured in major media, and run their own online program called Retirement Reimagined!

They believe the key to finding retirement happiness is not having to worry about money. As that becomes more challenging in the U.S., they may be saying hello to a lot more expat neighbors.

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