The new podcast episode reviews the details in portfolio construction, asset allocation, strategies behind taking withdrawals, portfolios in bear markets, and historic returns regarding investments such as stocks and bonds.
AUBURN HILLS, Mich., Feb. 2, 2023 /PRNewswire-PRWeb/ -- Lou Melone, CFP®, Melone Private Wealth's Managing Member, and DBusiness magazine, DBusiness Daily News, Tech and Mobility News, Detroit 500, and Michigan Makers editor R.J. King have launched a new episode of the podcast: Unpack Your Financial Baggage. The new podcast episode reviews the details in portfolio construction, asset allocation, strategies behind taking withdrawals, portfolios in bear markets, and historic returns regarding investments such as stocks and bonds.
To begin the process of building a portfolio the podcast explains that the first thing to determine is what you're trying to accomplish, the timeframe you must accomplish it, and the resources to achieve your goals. Next, a financial planner can develop an investment strategy which is a plan for reaching your goals. The final task is to design a portfolio using long-term historical returns, to get you where you need to go.
"This podcast reviews the anxiety behind portfolio construction, a new and more technologically driven way to define risk tolerance, mistakes often made building a portfolio and addresses many myths people may believe regarding investment strategy," stated R.J. King.
Listeners will hear that a proper way to build a portfolio may be described as goals/needs-based planning. Lou Melone, CFP® says to visually think of it as buckets to place your dollars into, based on your goals/needs and their time frame. There are three buckets in which to place money. Investment success for many is based on three principles: Mindset, Patience, and Discipline. The buckets (goals/needs-based planning) are used, as a guide to temper the emotional mind which can face many behavioral risks.
"The approach this podcast takes in explaining how to build a portfolio is goal-focused and planning-driven, rather than being based on some attempt to outguess the economy or the markets. I'm convinced that successful investing involves constantly acting toward your goals, and unsuccessful investing is based on reacting to whatever the markets are doing at the moment or abandoning the plan for immediate gratification," said Lou Melone, CFP®
Next episode
The younger generations and their view on wealth management featuring Branden Carney, CFP®.
https://www.meloneprivatewealth.com/unpack-your-financial-baggage-the-podcast
https://www.meloneprivatewealth.com/
About Melone Private Wealth
Clients trust Melone Private Wealth's financial planners because they provide peace of mind while protecting and growing their wealth.
Financial planners at Melone Private Wealth provide comprehensive financial planning strategies for higher net-worth families to help protect, preserve, and grow their current levels of wealth and plan for retirement.
The team at Melone Private Wealth is focused on helping answer two critical questions, which most investors desire: Do you know exactly how much money it is going to take for you to retire? Do you know how much money it is going to take to remain comfortably retired?
About R.J. King
R.J. King is editor of DBusiness magazine, DBusiness Daily News, Tech and Mobility News, and Detroit 500, all of which cover companies in metro Detroit and Michigan that are expanding locally, nationally, and internationally. He is the author of five books — "Detroit: Engine of America," a gold medal recipient of the Midwest Book Awards, "8 Track: The First Mobile App," "Passport to the Corner Office: The Starter's Guide to Corporate Life," "Grounds For Freedom: Saving Chernobyl," and "Mystical."
About the Podcast
Lou Melone CFP® and R.J. King have created the podcast Unpack Your Financial Baggage. The podcast's focus is: At retirement, your whole financial life essentially collapses down to one two-fold question: Will your money outlive you or will you outlive your money?
Media Contact
Vito Curcuru, Consult Vito, 586-215-4270, [email protected]
SOURCE Melone Private Wealth
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