The Tom Dupree Show

Do You Have a Portfolio or a Plan? HOUR2. 12-07-24

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 Do You Have a Portfolio or a Plan?

Financial Hour with Tom Dupree and Mike Johnson

Episode Highlights
Understanding Portfolios vs. Plans
  • A portfolio is simply a collection of investments (stocks, mutual funds, ETFs, bonds)
  • Having a portfolio doesn’t necessarily mean you have a financial plan
  • A single product (like an annuity or mutual fund) is not a portfolio
    • The Evolution of Retirement Planning
    • Modern retirement accounts (401ks, 403bs) have changed how people interact with investments
    • Many investors today are less hands-on compared to previous decades
    • Automatic deductions have made portfolio-building more passive
      • Key Components of Portfolio Construction
      • Each holding should serve a specific purpose
      • Portfolio construction is like a recipe – individual ingredients work together
      • Time itself shapes portfolios through market performance
      • Fund managers often handle construction for mutual funds and ETFs
        • Creating Your Financial Plan

        Consider these key questions:

        • When will you need to spend the money?
        • What are your current spending habits?
        • What’s your savings rate?
        • When do you want to retire?
        • What’s your margin of safety?
          • Important Investment Insights
          • Don’t compare yourself to others – focus on your own goals
          • Market volatility impacts larger portfolios differently
          • Recent generous markets shouldn’t be assumed to continue
          • Short-term considerations can derail long-term plans
            • Dupree Financial Group’s Approach
            • Focus on dividend income portfolios
            • Balance between growth and income
            • Aim to reduce volatility while maintaining a steady income
            • Fiduciary responsibility to clients
            • Research driven by client needs

              • For more information or to schedule an appointment, call Dupree Financial Group at 859-233-0400 or visit dupreefinancial.com

              The post Do You Have a Portfolio or a Plan? HOUR2. 12-07-24 appeared first on Dupree Financial.

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