This Week In Wealth: Did Trump's tariffs cause the volatility or did we already have the sniffles? #165

Prosperity Podcast with Nicole Bremner

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Did Trump's tariffs cause the volatility or did we already have the sniffles?

In this new weekly format This Week in Wealth, I discuss the current state of the markets, personal investment strategies and the critical importance of diversification in building a resilient financial portfolio. I shares personal anecdotes, insights on market volatility and practical steps for you to take in order to secure your financial future. The conversation emphasises the emotional and financial costs of not diversifying investments and provides actionable advice for managing risk and creating multiple income streams.
I also discuss the parallels between now and the industrial revolution in the 1930s so beautifully written about by John Steinbeck in The Grapes of Wrath. What do you think?

Takeaways

• Diversification isn't just a financial strategy, but the foundation for long term wealth building.
• The hidden cost here isn't just the money that you lose, it's the peace of mind that you sacrifice.
• Diversifying allows you to match this risk tolerance with your investment choices.
• The world of investing is anything but predictable.
• It's easy to fall in love with one asset class and want to go all in.
• Start with what you know and align to your financial goals.
• Automate your investments to take advantage of market fluctuations.
• Reinvesting dividends will help you grow your portfolio through compound growth.

As always I really appreciate your like, comment and follow. Thank you.

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Disclaimer: The views and opinions expressed in this podcast belong solely to the host and guest speakers. The view and opinions of the guest speakers do not represent that of the host. Always do your own research.