Welcome to a new week here on the Retirement Quick Tips podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision. 

The theme this week on the podcast is: Why Your Stock Portfolio Is More Risky Than You Think

When you’re invested in a diversified portfolio or a target date fund in your 401k, you probably think that you’re broadly invested across many different companies across many different industries. But you’d be wrong. In fact, there’s a really good chance that your portfolio has a much higher concentration in just a handful of mostly tech stocks. 

In fact, just 10 companies in the S&P 500 index make up over 30% of the weight of that index. And chances are that most of the large mutual funds and index funds you’re invested in have similar concentrations. 

So this week, I’m going to share with you how concentrated the stock market is right now, why this is a problem, and what steps you can take to reduce these concentrations and associated risks in your own portfolio. 

I hope what I have to share with you this week will help you make smart and thoughtful decisions with your retirement. And while I am careful to not lead you astray, personal finance is not an exact science. There is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 

That’s it for today. Thanks for listening! My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance