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Retire With Purpose - The Retirement Podcast

463: Why Investment Survival is Key to a Successful Retirement Portfolio

Retire With Purpose - The Retirement Podcast

Casey Weade

Education, Business, Self-improvement, Investing

4.7564 Ratings

🗓️ 18 October 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

Your bottom line when it comes to successful investing for retirement isn't maximizing returns. Instead, survival should be your primary goal; not only avoiding disastrous financial outcomes, but having the ability to manage your emotions.  

In this episode, we discuss: 

  • What it means to "diversify from disaster"
  • Understanding investment longevity
  • How to leverage historical averages
  • Survivorship bias

Today's article is from Behavioural Investment titled, Investors Must Survive. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.

Our Market Outlook Webinar is live! Visit https://bit.ly/4bmHkUb to register.

Show Notes: Howardbailey.com/463

Rate & Review the Podcast: RetireWithPurpose.com/review

📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu 

📅 SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3z5mXIw 

ABOUT HOWARD BAILEY FINANCIAL: Our mission is to help others gain clarity in purpose and elevate meaning in their lives through personal and practical financial strategies. Our Retire With Purpose™ Framework starts with establishing your unique financial philosophy — the true meaning and purpose for your money in retirement. Through continued education, one-on-one meetings, and a comprehensive team planning approach, we have helped retirees across the country secure their financial futures. And while we can't work with everyone, our goal is to provide value to everyone we meet. Our team of advisors and support specialists strive to deliver the very best experience in pre-retirement and retirement planning. Learn more about our process here: https://howardbailey.com/our-process

Transcript

Click on a timestamp to play from that location

0:00.0

You might think that maximizing your returns is your primary goal as an investor.

0:05.6

But today you're going to find out you would be wrong.

0:08.2

Survival comes first.

0:09.7

And survival comes in several guises.

0:16.1

Hey, this is Casey Weed. Welcome to the podcast. It is my mission here on the pod to deliver clarity and purpose and elevate meaning in your life. If you're new to the show, I want you to know what I mean by that, what you can expect from this podcast. This podcast isn't just about the financial, while we are going to have a lot of

0:39.4

great conversations with world-class guests and among ourselves here at Howard Bailey Financial

0:44.4

with you on those topics of taxes, investment management, estate taxes, and more. We're also

0:50.7

going to be having topics and conversations around the non-financial aspects of your life in retirement, both with a world-class guest and with you weekend and week out like we are today.

1:01.7

Now, today is what we do every single Friday.

1:04.0

We get together with you on Fridays and we discuss a trending topic.

1:07.9

This could be a trending topic that has to do with the state of economic

1:12.0

affairs, new tools, new products, new strategies, all kinds of things to help you make better

1:16.5

investment decisions, including some of the latest blog posts, some of the latest takeaways

1:21.2

that we've found out there as we have curated an email for you to put in your inbox every

1:27.4

Friday. We call that

1:28.7

weekend reading for retirees. You have to get this resource because today we're going to talk

1:33.3

about one of four articles we put in your inbox, but you have to get the other three. We're

1:38.7

going out there, we're doing the research, coming up with the best material, the best reading

1:43.8

material for this stage in

1:45.7

your life over the weekend. We put that in your inbox in this weekly email, four articles,

1:51.1

summaries, takeaways for myself, and a litany of other invaluable resources will also come

1:57.1

along with that email. We'll provide you with podcast guest highlights. We'll have

...

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