Next to Godliness
Hosts Trevor Cummings and Sean Latimer discuss the importance of cleanliness and organization in daily life and financial portfolios.
Hosts Trevor Cummings and Sean Latimer discuss the importance of cleanliness and organization in daily life and financial portfolios.
This week's blogpost - https://bahnsen.co/46y1Y1F
Cleanliness in Finances: The Secret to a Tidy Portfolio
In this episode of the Thoughts on Money Podcast, hosts Trevor Cummings and Sean Latimer discuss the importance of cleanliness and organization, both in day-to-day life and financial portfolios. They share personal stories and insights on chores and parenting, discussing how these lessons apply to maintaining a clean and efficient investment strategy. The episode emphasizes avoiding 'trinkets' in portfolios, the false sense of diversification, and ensuring every investment has a purpose. Tune in for a blend of personal anecdotes and professional financial advice.
00:00 Welcome to the Thoughts on Money Podcast
00:51 Parenting Challenges and Funny Stories
09:22 The Concept of Cleanliness and Its Importance
12:22 Financial Cleanliness: Simplifying Your Portfolio
17:43 False Diversification and Common Portfolio Mistakes
21:09 The Importance of a Common Thread in Investing
26:10 Conclusion and Final Thoughts
Links mentioned in this episode:
Trevor is a Partner, Director of our Private Wealth Advisor Group, and Author of Thoughts on Money.
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