Portfolio Rebalancing in a Changing World
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- เผยแพร่เมื่อ 21 ก.ค. 2022
- Soon-to-be retirees and retirees are the most vulnerable in this new era of higher inflation, interest rates, volatile markets, and possible recession. What kinds of adjustments should they be making in their financial plans, investments, and even lifestyles?
That demographic is one of the specialties of this week’s guest, an award-winning financial planner. He is Mark Cortazzo, Senior Vice President and Financial Advisor with the Wealth Enhancement Group, an independent financial planning firm.
Cortazzo has received numerous awards and accolades during his 30-year investment advisor career. We are delighted that he has been a frequent WEALTHTRACK guest since our 2005 inception.
Over that time, we have discussed preparing for the increasing incidents of “black swan” events like the global financial crisis, pandemics, lockdowns, and wars. We’ve talked about alternative income strategies, transferring equity risk, and how timing can dramatically change retirement outcomes. We will cover those topics and more in this week’s interview.
WEALTHTRACK Episode 1902 was broadcast on July 22, 2022
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I would love to see someone interview Consuelo one day 🙂
Right?😇👑🌍🌎🌏💚
I agree. She's awesome and so classy. :)
There are NO "free-lunches", in investing. Notice, how Consuelo failed to ask how much the FEES were, for the "buffer ETF" that he is touting. That would have been my IMMEDIATE follow-up question, had I been conducting this interview!
Very limited time and easy to look up? PJUN. 0.79 exp. I thought Consuelo did another fantastic job and asked great questions.
She's gotta give them a reason to be on. We gotta look and see if it's affordable and a right fit. You aren't going to be duped obviously, lol.
Dividends are yummy. I never get tired of collecting them.
Some interesting discussion 👍
Please upload the subtitle, thanks!
No, gold and tips have not been doing very well, just about break even.
I like it when she introduced everyone as superstars. If everybody is number one….
Still I am grateful for she has been doing for the public. Thank you !
Gold has been a losing investment for me and I bought right when Biden got elected, so before the big inflation
Another name for an indexed annuity
PJUN is certainly a waste of space in a portfolio. Any investment that is positively correlated with the stock market but just performs weakly is a waste of time. It's not real diversification. It's just "less bad" milquetoast.
This guy was all platitudes and hand-waving like most of the financial services industry. But he's got the room and demeanor to fool a lot of investors out of 1% AUM.
The last couple podcasts here have resembled informercials. It was funny that the take-aways were to automate, as it means you don't really need any of these people to manage your money.
Agreed, like infomercials.
I'm hoping the guests can't talk outside their services, so they talk about their services. Consuela could be trying to say something to us viewers without openly saying much.
To read your comment before watching the interview gives a good perspective: consider all sides of things to get a full impression before investing. Saw it: liked it.
Especially Macks sentence "winning is losing less". Buffett goes one step further: don't lose money. It's not about beating the market. It's about getting the market return over averaging out the losses and winnings over time. Especially if you are older and accumulated (enough) during work time.
What do you think of tips though? Robert Shiller recommended them month ago here on the chanell before inflation kicked in too much. He certainly is not an advisor who wants to make money with fees, but Nobel prize winning Professor.
First I heard of TIPS as doing well in this time of uncertainty. However, another commenter said this isn't true.
As to Consuela missing chance to comment, I believe the service the guest represents is for people needing handholding. Handholding is going to require fees. Consuela later mentioned target date funds.
TIPS pay a negative interest rate and do not account for energy or food inflation. They have not been a good investment for years and they are failing investors in a time of hyperinflation.
Thanks for explanation.
A bond that fully reflects inflation in its rate would have price change based on real interest rate. Real interest rate changes with the conditions of the bond market.
@@michaelsixty-five2724 I should have said that TIPS have recently paid negative interest rates. The fund I track (VIPSX) now pays .06% and that should further increase with Fed rate hikes. But the fund still has been disappointing. Even with inflation going bonkers and the fund has -6.7% YTD rate of return.
Ibonds did well. Take a look, might still be worth a go.