Unveiling Common Misconceptions and Tips for your Finances and Investments (Ep. 7)
One of the most important aspects of financial planning is to optimize your long-term performance.
This means not only choosing the right investments but also minimizing the fees and costs that can deteriorate your returns.
Are there some strategies for this?
In this episode, Jerry Goodman and Megan Hubbard explore strategies for improving long-term financial performance. They emphasize the importance of reducing advisory fees, avoiding unnecessary investment expenses, and being selective with investments. Introducing the Diversified Stock Income Plan (DSIP) list, a collection of dividend-raising individual stocks, they highlight its remarkable outperformance compared to the S&P 500 index.
In this PodCLASS, Jerry and Megan explore:
- The misconceptions surrounding the need for a Revocable Living Trust
- The need for a second opinion on investment management
- The importance of paying attention to fees and costs, and how they can significantly impact savings over time
- The importance of being more selective with investments to achieve better rates of return
- The historical performance of the DSIP list, which has outperformed the S&P 500
- Their goal of helping listeners make informed decisions
- And more!
Resources:
- Estate Planning Series: More than Just Tidying Up (Ep. 4)
- How We Guard Your Legacy (Ep. 5)
- Trusts vs. Wills: What You Don’t Know (Ep. 6)
Connect with Jerry Goodman and Megan Hubbard:
- The Organized Investor
- LinkedIn: Jerry Goodman
- jerry@tnwealthmgt.com
- megan@tnwealthmgt.com
- Office: 865-415-2060
- Megan: 865-415-2070
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