Understanding Risks In Financial Plans with Carisa Bertrand

Du Charme Wealth Management Podcast

Ever wondered how disastrous sales pitches can lead to market chaos? In our latest episode, we promise you'll learn how to steer clear of financial pitfalls by understanding the widespread misunderstandings surrounding the Augusta rule and the impact of Joe Biden's unexpected withdrawal from the presidential race. We discuss the emotional and often irrational reactions to political events and stress the importance of maintaining a diversified portfolio to withstand market volatility. By the end of this episode, you'll have a clearer perspective on how to keep your long-term investment strategies aligned, even when the world seems unpredictable.
We tackle the allure and risks of low-risk investments like CDs and high-yield savings accounts, highlighting the hidden danger of inflation eroding your purchasing power. Our conversation turns to the trade-offs involved with insurance products such as index universal life or fixed index annuities. Listen as we break down complex financial concepts and provide actionable advice for building a balanced portfolio that considers multiple risks to achieve your long-term financial goals. You'll gain insights into why a well-rounded portfolio is essential, especially in times of economic uncertainty.
Lastly, we share the inspiring story of an individual who successfully grew a hefty 401(k) by embracing market risk and diversification, despite lacking financial expertise. From retirement planning to the psychological aspects of market fluctuations, we cover it all. This episode also navigates the complexities of small business retirement plans and the parallels between business ownership and stockholding. With real-life examples and practical tips, we're here to help you navigate your financial journey with confidence and clarity. Whether you're a seasoned investor or just starting out, this episode offers valuable insights to help you achieve your financial goals.
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https://www.ducharmewealth.com/
DISCLAIMER: Branden DuCharme is an investment advisor representative of and offers investment advisory services through SCF Investment Advisors, Inc. an SEC Registered Investment Advisor • 10150 Meanley Drive First Floor San Diego, CA 92131• [phone] • www.scfsecurities.com SCF Investment Advisors, Inc. and DuCharme Wealth Management are separate entities.
The information in this podcast is current at the time of recording. It is based upon sources and data believed to be accurate and reliable. The information, opinions, and forward-looking statements expressed herein are subject to change without notice. Moreover, all comments & opinions voiced herein are for informational and entertainment purposes only and are not intended to provide specific advice or recommendations and should not be interpreted as such. Further the opinions expressed are Branden DuCharme's and his guests and do not reflect the views and opinions of SCF Investment Advisors or any of its affiliates.
Investing involves risk including possible loss of principal. No strategy assures success or protects against loss. To determine what is appropriate for you, consult your financial professional. This information is not intended to be a substitute for specific individualized tax or legal advice. DuCharme Wealth Management and SCF Investment Advisors do not provide legal or tax advice. These services are provided by separate entities.
The guest speakers featured in this podcast are not affiliated with SCF Investment Advisors nor are they affiliated with DuCharme Wealth Management unless otherwise indicated.