Wealth on the Move

You Can’t Diversify Away Behavior: What Most Investors Get Wrong w/ Felipe Toews (Episode 34)

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Summary: In this episode of Wealth on the Move, host Will Hoffman interviews Felipe Toews, CEO of Toews Asset Management and author of ‘The Behavioral Portfolio. They discuss the importance of understanding investor behavior, the impact of market history on investment strategies, and the need for proactive communication in managing portfolios. Toews emphasizes the significance of constructing resilient portfolios that can withstand market chaos and the risks associated with timing the market. The conversation also explores the bucket strategy in portfolio management and the future of behavioral finance.

Resources:

  • Felipe’s LinkedIn
  • Amazon Link to The Behavioral Portfolio

    • Takeaways:

    • Investors often rely on outdated portfolio strategies that may not suit their needs.
    • Understanding investor behavior is crucial for effective portfolio management.
    • Market history shows that downturns can be more severe than recent experiences suggest.
    • Constructing portfolios that address both economic realities and investor psychology is essential.
    • Proactive communication can help investors navigate market volatility.
    • The bucket strategy can mitigate risks associated with market downturns.
    • Diversification may not provide the protection investors expect during crises.
    • Preparing for market chaos involves having a clear plan of action.
    • Timing the market is a risky strategy that often leads to poor outcomes.
    • The field of behavioral finance is evolving and offers new insights for investors.

      • Connect with Will Hoffman: 

      • Hoffman Wealth Management
      • (724) 522-5411
      • [email protected]
      • LinkedIn: Will Hoffman 
      • Facebook: Hoffman Wealth Management 
      • YouTube: Hoffman Wealth Management
        • Phillip Felipe Toews and Toews Asset Management are not affiliated with Hoffman Wealth Management and Private Advisor Group.
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        Wealth on the MoveBy Will Hoffman