In this episode of Your Investment Partners, hosts Garrett and Paul discuss practical steps to prepare for a market downturn while the economy is thriving. They explore strategies like reviewing emergency funds, optimizing portfolio allocations, and managing debt to maintain financial resilience. The conversation also highlights the importance of aligning investments with personal goals, maintaining a diversified portfolio, and using strong markets as an opportunity to enhance savings and generosity. Whether you're planning for retirement, navigating career changes, or simply looking to safeguard your finances, this episode offers actionable advice to keep you on track.
Key Points From This Episode
- Understanding the inevitability of market corrections and long-term financial planning.
- Reviewing and adjusting emergency funds to suit current life circumstances.
- Avoiding the psychological trap of portfolio “high water marks.”
- Realigning portfolio allocations, including stocks, bonds, and international investments.
- Rebalancing and diversifying across asset classes and company sizes.
- Evaluating and reducing debt levels during favorable market conditions.
- Using strong markets as an opportunity to increase savings habits.
- Exploring charitable gifting and intergenerational wealth transfers.
- Revisiting spending habits to ensure resilience in future downturns.
Want to learn more? Contact us here
Useful Links
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Ridiculous History
History is beautiful, brutal and, often, ridiculous. Join Ben Bowlin and Noel Brown as they dive into some of the weirdest stories from across the span of human civilization in Ridiculous History, a podcast by iHeartRadio.