On This Episode
When you break it down to the most basic level, there are really three worlds of money that we utilize for financial planning: banking, insurance, and Wall Street. Each of these worlds has a distinct purpose and role in helping you prepare for retirement. Let’s talk about the pros and cons of each and how we use them to design a portfolio.
By utilizing these worlds effectively and efficiently, you are able to create diversification and balance. That’s essential for long-term success so we’ll take you through each of those three worlds in detail today.
Here’s some of what we’ll discuss in this episode:
- The banking world is great for savings and low risk, but it limits your opportunity for growth.
- Why we don’t look at insurance as an investment and what do we use this for.
- The Wall Street world involves risk but a proper portfolio gives you the best chance for growth.
Thanks for joining us! We’ll be back for another show every other Thursday.
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