Thanks for tuning into our podcast! This week’s episode offers some important financial insight; Blair discusses five habits shared by the individuals who have control of their own finances. We preach simplicity at Denver Wealth Management, and this podcast helps you keep your finances simple.
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- Have plenty of cash on hand. [1:29]
“Cash is like oxygen – it’s one of those things that we don’t notice until we don’t have it.” – Warren Buffet
- Mentally prepare yourself for a marathon, not a sprint. [3:14]
- Utilize systematic savings plans. [4:45]
- Be diversified. [7:48]
- Accept market volatility as a HEALTHY side-effect of investing. [12:03]
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Dollar cost averaging involves continuous investment in securities regardless of fluctuation in price levels of such securities. An investor should consider their ability to continue purchasing through fluctuating price levels. Such a plan does not assure a profit and does not protect against loss in declining markets.
Diversification does not protect against market risk.
This information is not intended to be a substitute for individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.
An investment in Exchange Traded Funds (ETF), structured as a mutual find or unit investment trust, involves the risk of losing money and should be considered as part of an overall program, not a complete investment program. An investment in ETFs involves additional risks such as not diversified, price volatility, competitive industry pressure, international political and economic developments, possible trading halts, and index tracking errors.
All investing including ETFs and mutual funds involves risk, including possible loss of principle. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
No strategy assures success or protects against loss.