This is part 2 of my conversation with John L. Grace. John Grace is president, of Investor's Advantage Corp and a registered representative with LPL Financial. The opinions expressed here are for general information only and are not intended to provide specific advice or recommendations for any individual.
In this episode, John L. Grace has experienced tough times in his past as an investor, but he’s learned a lot about how to limit his losses and make his investments more profitable. He discusses how individuals should approach tax planning in order to minimize their losses and maximize their returns. He emphasizes the importance of planning and not blindly investing in anything. He says that it is important to have a realistic perspective of your own financial situation before jumping into any investment.
[00:01 - 03:07] Creating Systems That Limits Losses
· John discusses the trend of younger generations not wanting children, and the implications this has on social security systems
· He advises listeners on how to create a system that limits their losses in the event that a stocks or mutual fund falls in value
[03:08 - 09:24] Understand Historical Data To Prevent Future Losses
· John discusses how a flat decade can lead to losses and how to manage these losses
· He discusses how to manage risks when investing, including looking at historical data and understanding inflation rates
· There are different ways to finance a home
· It is essential to find one that works best for the individual
· He says that it is vital to consider the potential losses that could be incurred if the investment goes wrong
[09:25 - 15:12] Closing Segment
· John discusses how it is important to consider taxes when financing a home, as they increase over time
· To learn more about John, listeners can visit him at www.whybepoor.com!
Tweetable Quotes:
“Can we win by losing less.” – John L. Grace
“You have to see what you're doing as opposed to putting your head in the sand and exposing some very dear parts in the wind.” – John L. Grace
Connect with John through his:
Website: www.whybepoor.com!
Facebook: John L. Grace
Twitter: John L. Grace
YouTube: John L. Grace
LinkedIn: John L. Grace
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