474: The Reality of Investment Risk: Why Low Probability of Loss Doesn't Equal Low Risk
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 20 December 2024
⏱️ 24 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
What determines financial "success"? A major factor includes your ability to play financial defense and minimize the severity of potential investment failure.
In this episode, we discuss:
- The definition of "investment risk"
- How to factor statistical anomalies into your investment plan
- What it means to mitigate risk in your retirement strategy
Today's article is from Enterprising Investor titled, Low Probability of Loss: Why It Doesn't Equal Low Risk in Investing. 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.
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Show Notes: Howardbailey.com/474
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Transcript
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| 0:00.0 | Everyone wants to be successful. |
| 0:02.0 | However you define that, but one of those areas of success is financial success. |
| 0:06.5 | Today, we're going to talk about the number one determinant of success and growth. |
| 0:10.3 | And guess what? |
| 0:10.9 | It's not the accelerator. |
| 0:12.2 | It's the brakes. |
| 0:14.0 | Why low probability of loss doesn't equal low risk in investing. |
| 0:27.9 | Music equal low risk in investing. Hey, it's Casey Weed. |
| 0:29.5 | Welcome to the Retire with Purpose podcast, and I want to let you know what to expect. |
| 0:35.1 | Here, my mission is to deliver clarity and purpose and elevate meaning |
| 0:39.2 | in your life. And that comes in a lot of different forms. This is a retirement podcast. So we're |
| 0:43.2 | going to be talking about the financial aspects of retirement. We're going to focus in on that here today. |
| 0:48.2 | Financial aspects are very important. However, we do take a holistic approach because of my |
| 0:53.2 | personal experience, our experience |
| 0:55.1 | working with families over the decades, is that we also need to take an approach that focuses |
| 1:00.6 | on the non-financial aspects as well. |
| 1:02.8 | So you hear us share conversations with you week in and week out, both on the financial |
| 1:06.7 | and the non-financial. |
| 1:08.1 | We also send you out an email if you've signed up like thousands of other individuals |
| 1:13.2 | across the world. |
| 1:14.8 | We send you an email out that we put together every single Friday, send it out, and it has |
| 1:19.5 | four articles on trending topics that I'm reading, that Marshall's reading, that our team |
... |
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