350 | Runaway Winners and the Balanced Portfolio

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 8 November 2021

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With volatile assets like Tesla stock, Ethereum, and Bitcoin, how do you keep a level head while investing? In this week’s episode, Brad and Jonathan are joined by friend of the show Brian Feroldi to discuss managing your runaway winner investments and balancing your portfolio! Listen along as Brian shares his strategies for evaluating stocks, creating guidelines for yourself as an investor, and mentally preparing yourself for the highs and lows of investing!

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Transcript

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0:00.0	Runaway winners and the balanced portfolio. On today's episode, we're going to talk about what to do when one of your investments
0:07.2	Just shoots the moon maybe
0:09.6	And in light of that you started out in a very
0:13.2	diversified balanced manner and now suddenly something you own is your entire net worth or is most of your net worth?
0:20.1	Are there any decisions that need to be made?
0:21.9	We invited Brian Faraldi to join us on the show today to discuss exactly that
0:25.9	Welcome to the ultimate crown source personal financial this is choose a part. You're listening to choose FI radio
0:34.3	The blueprint for financial independence lives here
0:45.0	If you're looking to unlock the secrets to financial independence and early retirement
0:49.8	You're in the right place stay tuned and join a community of like my people who are getting off the answer
0:56.5	And taking control of their lives in the pursuit of financial independence choose FI your home for financial independence on life
1:05.2	All right guys very excited to talk about this wonderful situation that maybe there's a lot of you in the audience that have experienced a stock or maybe a crypto investment has blown up
1:28.0	It was a very very tiny piece of what you held and you know, it's frankly shot the moon
1:34.2	Tell me with this I have my co-host Brad here with me today. How you doing buddy?
1:37.9	Hey Jonathan, I am doing quite well. Yeah last time we had Brian on we talked about how he constructed his portfolio in terms of
1:45.2	Putting new money in and it was really enlightening and illuminating for me to see how Brian thought about this
1:51.2	But as you said Jonathan, we've seen stocks Tesla is certainly one of them
1:56.6	We've seen stocks go crazy and people who had a plan right best laid plans all of a sudden
2:03.1	They're sitting on a huge percentage with maybe one or two stocks and what do you do now?
2:08.3	How do you think through that and obviously Brian is the first person we thought of for how to think through this type of complex issue
2:16.0	So Brian with that welcome back for the the many time here. I joke last time the many of many of time to choose a bite
2:23.4	So I'm always good at having but jokes are so good man. Oh, yeah, yeah, yeah, I'm laughing on the inside Brad
	...

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