This week's blogpost - https://bahnsen.co/4dKakXs

Avoiding Unforced Errors in Your Financial Plan

In this episode of the Thoughts on Money Podcast, hosts Trevor Cummings and Blaine Carver discuss the importance of avoiding unforced errors in various aspects of financial planning. The conversation delves into common mistakes such as concentrated stock positions, market timing, overlooked tax planning opportunities, and inefficient estate planning. The hosts emphasize the need for patience, proper insurance coverage, and the wisdom of consulting expert advisors. They conclude by stressing the significance of understanding one’s financial behavior to mitigate risks and ensure a sound financial strategy.

00:00 Welcome to the Thoughts on Money Podcast

00:50 Unforced Errors in Sports and Finance

02:45 Fundamentals of Financial Planning

09:39 The Importance of Diversification

15:05 Avoiding Market Timing and One-Off Investments

22:24 The Perils of Overconfidence in Investing

23:04 Tax Planning: Avoiding Common Mistakes

29:48 Estate Planning: Ensuring a Smooth Transition

37:23 Insurance Planning: Protecting Your Loved Ones

40:44 Conclusion: Mastering the Fundamentals

Links mentioned in this episode: