Discussing Investing with a Young Client

Apple PodcastsSpotifyAmazon MusicTuneIniHeartRadioPodbean

Today’s Smart Money Question:

We met recently with a young client who was just getting started and wanted to learn more about investing. They were so eager to get a jump on the finances and figure everything out. But the reality is we never really do figure it all out in the financial planning world. It’s an ongoing process as the market constantly changes.

Today we’re going to share insightful anecdotes from this recent meeting, where we talked about the underlying principles of planning, highlighting the importance of understanding risk, diversification, and keeping a long-term outlook. It’s always a good idea to get back to the basics and today we’ll do that with a high-level look at how to approach your financial plan.

 

Here’s some of what we discuss in this episode:

  • Investing should feel more like watching paint dry.
  • How you should view risk and apply that to your investment strategy.
  • The way we explained diversification to a novice investor.
  • Understand your time horizon and structure your portfolio to align with that.
  • What should you do with a QDRO disbursement after a divorce?
  • The best account options for independent contractors to use.

If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.

 

Share This Post

More To Explore

Load More

GOT A SMART MONEY QUESTION?

Do you have a question that we haven’t covered yet? Just leave me a message and your question just might be on my next podcast!

Why Ask A Question?

Although everyone’s situation is different, your question might help hundreds of other people who are in the same boat. Don’t be afraid of the answers, be afraid of not asking the question!

What Do You Get?

The clearest answer I can give on how to address your retirement question and links to resources that may help you.

Don't Have A Microphone?

Just fill out the form below to ask your question!

SCHEDULE A TIME TO MEET

It’s fast and easy to make an appointment with Matt. You can start with a 30-minute conference call or meet in-person at the office in Malvern, PA.

Book Appointment

Contact

Privacy Policy

All written content on this site is for information purposes only. Opinions expressed herein are solely those of Smart Money Questions and our editorial staff. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual advisor prior to implementation. ©2018 All written content on this site is for information purposes only. Opinions expressed herein are solely those of Old Security Group and our editorial staff. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Fee based financial planning and investment advisory services are offered by Old Security Group a Registered Investment Advisor in the State of Pennsylvania. Insurance products and services are offered through Old Security Trust Corp. Old Security Group and Old Security Trust Corp. are affiliated companies. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the States of Pennsylvania, Delaware and Maryland or where otherwise legally permitted.