Thoughts On Money [TOM]

Dumbfounded by Diversification


Listen Later

Growing up, I didn’t know the difference between salad and lettuce. I’d always asked my dad to put salad on my sandwich. Luckily, dad knew what I meant.

All this to say, words have meaning, and they can often get lost in translation. There is a lot of vocabulary when it comes to finance, and there is a language of finance. You need to be careful not to misuse these financial terms in a fashion that would mislead your portfolio or financial plan.

It’s helpful to have an advisor. They can be your guide; they can be your translator. My dad was a great advisor; he didn’t pile a salad onto my sandwich. Our waiter just took our order and gave us what we asked for (nachos); he was not much of an advisor. You need an advisor, as these mistakes in the realm of personal finance can be costly.

Because maybe, just maybe, diversification doesn’t mean what you think it does.

Links mentioned in this episode:

  • http://thoughtsonmoney.com
  • http://thebahnsengroup.com
  • ...more
    View all episodesView all episodes
    Download on the App Store

    Thoughts On Money [TOM]By Trevor Cummings

    • 5
    • 5
    • 5
    • 5
    • 5

    5

    32 ratings


    More shows like Thoughts On Money [TOM]

    View all
    Renewing Your Mind by Ligonier Ministries

    Renewing Your Mind

    5,097 Listeners

    WSJ Your Money Briefing by The Wall Street Journal

    WSJ Your Money Briefing

    1,718 Listeners

    Breakpoint by Colson Center

    Breakpoint

    3,008 Listeners

    The Briefing with Albert Mohler by R. Albert Mohler, Jr.

    The Briefing with Albert Mohler

    8,355 Listeners

    The World and Everything In It by WORLD Radio

    The World and Everything In It

    6,991 Listeners

    BibleProject by BibleProject Podcast

    BibleProject

    18,930 Listeners

    The Dividend Cafe by The Bahnsen Group

    The Dividend Cafe

    563 Listeners

    WSJ Minute Briefing by The Wall Street Journal

    WSJ Minute Briefing

    661 Listeners

    Uncommon Knowledge by Hoover Institution

    Uncommon Knowledge

    1,998 Listeners

    Compelled - Christian Stories & Testimonies by Paul Hastings

    Compelled - Christian Stories & Testimonies

    992 Listeners

    Hold These Truths with Dan Crenshaw by Dan Crenshaw

    Hold These Truths with Dan Crenshaw

    16,053 Listeners

    Life and Books and Everything by Clearly Reformed

    Life and Books and Everything

    629 Listeners

    Capital Record by National Review

    Capital Record

    431 Listeners

    Morning Wire by The Daily Wire

    Morning Wire

    26,479 Listeners

    The Charles C. W. Cooke Podcast by National Review

    The Charles C. W. Cooke Podcast

    1,055 Listeners