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03 | Breaking Free from Tradition: Rethinking Your Financial Future
Manage episode 490160600 series 3672101
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In this episode of The Truly Diversified Show, Ben peels back the curtain on an often-overlooked aspect of wealth management, urging you to rethink what it really means to be diversified.
While many investors take comfort in familiar financial tools and professional guidance, you'll find a candid examination of whether those trusted sources are truly working in their best interest. It’s a conversation that challenges the conventional wisdom surrounding risk, returns, and the motivations behind the advice many receive.
You're invited to question the standard model of portfolio management, especially when markets dip and explanations sound more like rehearsed excuses than personalized strategies.
Through a blend of real-world examples and industry insights, Ben explores how seemingly tailored financial plans may actually follow a well-worn, one-size-fits-all path—often leaving individual investors exposed when the tides turn. There's an emphasis on understanding the full cost of financial guidance, beyond just the visible fees.
This episode focuses on uncovering lesser-known avenues that offer stability and solid returns without being tied to the whims of Wall Street. If you've enjoyed this episode of The Truly Diversified Show, be sure to leave a review and subscribe today! Enjoy!
In This Episode You'll Learn:
- The lack of accountability for financial advisors during market downturns, and why they can blame external factors like politics or economic changes.
- The hidden fees associated with mutual funds and other investments, such as expense ratios and additional charges.
- How financial advisors handle market downturns, often blaming external factors and encouraging clients to stay invested long-term.
- The three categories of investments: the risk bucket (stock market), the safe money bucket (CDs and annuities), and the alternative investment bucket.
- And much more...
Resources:
Contact Life Asset at (800) 410-1306
Disclaimer:
The views, information, or opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of The Truly Diversified Show or its affiliates. The content provided is for informational and entertainment purposes only and is not intended to be a substitute for professional advice. We make no representations as to the accuracy, completeness, suitability, or validity of any information on this podcast and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Listeners should consult with a professional for specific advice tailored to their situation. By accessing this podcast, you acknowledge that any reliance on the content is at your own risk.
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