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014FF: FI Friday Feedback! | The FI Guys Simple Rules of Investing & How to Get Out of a Rut
Connect with Chris at Monzon Wealth
Welcome back to FI Friday Feedback on "Investing Made Simple (Part 2)," where we revisit key insights from our recent discussions on crucial aspects of investing. If you missed any part of our series, this recap has you covered.
**Recap Highlights:****
Segment 1: The FI Guys 5 Rules for Long-Term Investing**We kickstarted with the Fi Guys' golden rules for successful long-term investing. From understanding the market's consistent upward trajectory to navigating unpredictable corrections, these rules set the stage for a resilient investment strategy. Remember: Paying less attention can be beneficial, and panic is the enemy during market downturns.**
Segment 2: Stages of Investing**We explored the two main stages of investing: wealth-building and wealth-preservation. In the wealth-building stage, it's all about investing in stocks for growth. As you approach retirement, consider shifting to bonds to reduce risk. Equities, bonds, and income-producing assets all play crucial roles in your financial journey.**
Segment 3: Common Sense Investment Strategies**Index funds took the spotlight as a powerful tool for mirroring market performance. We dived into key market indexes, the advantages of index funds (low fees and tax benefits), and emphasized the importance of staying the course while understanding risk, reward, and fees.**
Segment 4: Introducing ETF’s**Exchange-traded funds (ETFs) entered the scene, and we compared them to index funds. Learn about their differences in structure, minimum investments, and tax efficiency. Discover why the Fi Guys prefer using ETFs for their investment funds.**
Segment 5: Do I Need a Financial Advisor?**We wrapped up with a deep dive into the impact of investment fees and the various ways financial advisors get paid. Explore the types of advisors, from broker-dealers to fee-only and hourly consultants. Understand the challenge of consistently outperforming the market and gain insights into essential questions to ask potential advisors.**
Conclusion:**In our conclusion, we reiterated the importance of a long-term investing mindset. The Fi Guys encouraged you to invest in your newly opened accounts, assuring you that the podcast isn't about selling anything but aims to help you kickstart your investing journey.**
Viewer Mailbag: Burnt out and bored. Saved and invested all my life, and now I need to know. Can I slow down boring work and try to un-bored myself?**
Join us as we address a unique viewer question from a 40-year-old tech professional feeling burnt out and bored. We analyze his financial situation, assets, and annual expenses to provide thoughtful advice on potentially exploring a nomadic lifestyle without compromising financial stability. Tune in for valuable insights and relatable discussions on the journey to financial independence. Don't miss the Fi Guys' take on finding happiness without undue financial stress!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Disclaimer: The FI Guys is a podcast dedicated to providing general information and insights on a wide range of wealth-related topics. The views and opinions expressed in this podcast are those of the hosts and guests and do not constitute personalized financial advice. The content provided in this podcast is for educational and informational purposes only. It should not be considered a substitute for professional financial advice. Your financial situation and goals are unique, and the information provided here may not be applicable or suitable to your specific circumstances. We, the hosts and guests on The Fi Guys are not acting as your financial advisors. We are not aware of your individual financial situation, risk tolerance, or investment objectives. Any decisions or actions you take based on the information provided in this podcast are your own and made at your own risk.
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By The FI GuysConnect with Chris at Monzon Wealth
Welcome back to FI Friday Feedback on "Investing Made Simple (Part 2)," where we revisit key insights from our recent discussions on crucial aspects of investing. If you missed any part of our series, this recap has you covered.
**Recap Highlights:****
Segment 1: The FI Guys 5 Rules for Long-Term Investing**We kickstarted with the Fi Guys' golden rules for successful long-term investing. From understanding the market's consistent upward trajectory to navigating unpredictable corrections, these rules set the stage for a resilient investment strategy. Remember: Paying less attention can be beneficial, and panic is the enemy during market downturns.**
Segment 2: Stages of Investing**We explored the two main stages of investing: wealth-building and wealth-preservation. In the wealth-building stage, it's all about investing in stocks for growth. As you approach retirement, consider shifting to bonds to reduce risk. Equities, bonds, and income-producing assets all play crucial roles in your financial journey.**
Segment 3: Common Sense Investment Strategies**Index funds took the spotlight as a powerful tool for mirroring market performance. We dived into key market indexes, the advantages of index funds (low fees and tax benefits), and emphasized the importance of staying the course while understanding risk, reward, and fees.**
Segment 4: Introducing ETF’s**Exchange-traded funds (ETFs) entered the scene, and we compared them to index funds. Learn about their differences in structure, minimum investments, and tax efficiency. Discover why the Fi Guys prefer using ETFs for their investment funds.**
Segment 5: Do I Need a Financial Advisor?**We wrapped up with a deep dive into the impact of investment fees and the various ways financial advisors get paid. Explore the types of advisors, from broker-dealers to fee-only and hourly consultants. Understand the challenge of consistently outperforming the market and gain insights into essential questions to ask potential advisors.**
Conclusion:**In our conclusion, we reiterated the importance of a long-term investing mindset. The Fi Guys encouraged you to invest in your newly opened accounts, assuring you that the podcast isn't about selling anything but aims to help you kickstart your investing journey.**
Viewer Mailbag: Burnt out and bored. Saved and invested all my life, and now I need to know. Can I slow down boring work and try to un-bored myself?**
Join us as we address a unique viewer question from a 40-year-old tech professional feeling burnt out and bored. We analyze his financial situation, assets, and annual expenses to provide thoughtful advice on potentially exploring a nomadic lifestyle without compromising financial stability. Tune in for valuable insights and relatable discussions on the journey to financial independence. Don't miss the Fi Guys' take on finding happiness without undue financial stress!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Disclaimer: The FI Guys is a podcast dedicated to providing general information and insights on a wide range of wealth-related topics. The views and opinions expressed in this podcast are those of the hosts and guests and do not constitute personalized financial advice. The content provided in this podcast is for educational and informational purposes only. It should not be considered a substitute for professional financial advice. Your financial situation and goals are unique, and the information provided here may not be applicable or suitable to your specific circumstances. We, the hosts and guests on The Fi Guys are not acting as your financial advisors. We are not aware of your individual financial situation, risk tolerance, or investment objectives. Any decisions or actions you take based on the information provided in this podcast are your own and made at your own risk.