Advised | with Rick Luchini

Investor behavior is the number one reason for investment underperformance. In today's episode I discuss a new way to view your investments and how to contextualize your losses (and gains). Having a basic understanding of how you're invested, and WHY you own certain positions goes a long way in making the right decision when times are tough. Not having an investment philosophy that you understand and believe in, can leave you stressed and unsure what to do. That is the EXACT time when people make the wrong moves, negatively impacting them for years to come. Successful Investing can be SIMPLE, but it's definitely not EASY. 

The retail investor today has access to more investments, free platforms and better tools than advisors did a short 10 years ago. While the data proves that the long term investor is better served with a low cost, well diversified portfolio, why are so many still paying so much for something that can be done for free.?

In this episode I discuss a new way of thinking. I encourage you to update and raise your expectations. If you are paying for investment management and not receiving comprehensive financial planning, you deserve more. If you are a DIYer, or wish you were, but are too scared to take the leap, hopefully this is the first step in empowering you to do it. It's time we all take a look at what we are paying for and where the value is being added. Don't let the fancy pamphlets and quarterly market outlooks fool you. The smartest and most sophisticated money managers regularly underperform a well built portfolio over the long term. Don't let fear get in the way of making prudent financial decisions.

I sat down with Tami Clark, the Executive Director of the Central Pennsylvania Scholarship Fund to uncover a hidden gem for PA tax payers, and especially Small Business Owners.  We discuss how this program works, who it is best for and some common misconceptions you may find when doing your own research.  If you are a PA resident and love to support your local community, This is a MUST LISTEN !  Tami is a great resource on all things Educational Improvement Tax Credit related.  

Too often I see savers and responsible families not know how to distribute those savings back to themselves in a responsible way.  The end result is a fear based approach that errs on the side of caution leaving a lot of unspent dollars, and unlived experiences behind. Don't forget about TODAY, when planning for tomorrow.

Join us for an insightful conversation in the debut episode of 'Advised' podcast!  In this episode, host Rick engages in a candid discussion with Medicare expert Jocelyn Wolf. They delve into the world of health insurance, demystifying common misconceptions, sharing valuable insights, and exploring how to navigate the complex landscape of Medicare. Discover why it's crucial to critically evaluate information, avoid blind decisions, and find trusted resources to make informed choices. Whether you're approaching retirement or simply seeking guidance on insurance matters, this episode offers practical advice and empowering perspectives. Subscribe now for more expert discussions on financial and insurance topics!"