Ask Paula: How to Optimize Your Investments Along the Efficient Frontier (If You Dare!)

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Investing, Entrepreneurship, Business

4.7 • 3.6K Ratings

🗓️ 11 May 2022

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

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Summary

#380: Matt wants to optimize his portfolio and wants to know if he should invest along the Efficient Frontier – despite the fact that the asset allocation it recommends is absolutely bonkers; it’s wild and risky and tilted like nothing he’s ever seen before. Ionnie just rolled over her Roth IRA and would like to understand how to withdraw her contributions without getting penalized. Anonymous and her spouse are both in the military and about to reach retirement. They have an expensive whole life insurance policy, costing $550 per month, and wonder if they should switch to term life insurance. Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode. Enjoy! P.S. Also – we’re launching a book club!! Each month, we’ll read and discuss a book written by an Afford Anything podcast guest, starting with Morgan Housel, James Clear, Ken Honda, and Dr. Susan David. Sign up here. P.P.S. Got a question? Leave it here. For more information, visit the show notes at https://affordanything.com/episode380 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You can afford anything but not everything.
0:11.0	Every choice that you make is a trade-off against something else and that doesn't just
0:13.9	apply to your money.
0:15.2	That applies to your time, your focus, your energy, your attention, any limited resource
0:19.4	that you need to manage.
0:20.9	Saying yes to something implicitly carries an opportunity cost and that opens up two questions.
0:26.7	First, what matters most and second, how do you align your decision making around that
0:32.3	which matters most?
0:34.3	Answering those two questions is a lifetime practice and that's what this podcast is
0:37.6	here to explore.
0:39.1	My name is Paula Pat and the host of the Afford Anything Podcast, every other episode,
0:43.3	we answer questions from you and my buddy Joe Salcihi, former financial advisor, joins
0:49.2	me to answer these questions.
0:50.8	What's up, Joe?
0:51.8	What's happening, Paula?
0:53.7	Last of the time that we're recording this, you are on the road, you're still on Booktour.
0:57.0	I recently came back home after going to five cities with you.
1:01.2	We went to five cities in six days.
1:02.8	That was...
1:03.8	Was that fun or what?
1:04.8	That was awesome.
1:05.8	Boston, New York, DC, Philly and Baltimore.
	...

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