Mastering the World of Investing

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Business, Investing

4.7 • 3.1K Ratings

🗓️ 24 September 2007

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Basic Definitions Diversification: The idea of spreading out your money across many different types of investments. Choosing to diversify your investment holdings reduces your risk tremendously. Risk Tolerance: An investor’s ability to withstand losses caused by one or more of the different types of risk. This ability can be limited by your temperament as well as your time frame and financial circumstances. For example, someone who is investing for a goal 10 to 20 years or more in the future generally has a higher risk tolerance and may feel more comfortable with riskier investments than a person whose investment goal is only 5 years away or less. Bull Market... For more information, visit the show notes at http://www.moneyguy.com/2007/09/mastering-the-world-of-investing Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:08.0	investing, taxing.
0:09.8	You got financial questions, he's got financial answers.
0:13.4	It's Brian Preston, the money guy.
0:16.3	Welcome to the show.
0:17.3	This is Brian.
0:18.3	I am a certified public accountant, certified financial planner, and the only wealth manager
0:23.9	by week.
0:24.9	And I am the host of the money guys show.
0:26.8	And thank you for joining me today.
0:28.2	If you're brand new to the show, maybe you're listening to us on Business Radio 1160,
0:33.0	the CFO, or maybe you're joining us on our worldwide audience of downloading us through
0:38.8	iTunes or directly from our website at money-guy.com.
0:42.7	That's money-guy.com.
0:44.8	And I want to thank you for coming on board with me.
0:47.2	Today, we're going to get into something very important.
0:49.5	If you listened to last week's show, we talked about how retirement was in crisis.
0:54.8	And I actually got quite a bit of feedback from you guys on that topic.
0:59.5	And remember, it's a recap from a show I did about a year ago.
1:03.8	And I thought it was so important to bring back the topic and talk about how important
1:08.0	it is to be saving for retirement.
1:10.2	Because I think a lot of us are going to wake up and realize that retirement is upon
	...

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