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Ask HTM - Ending A Car Lease, Velocity Banking Tricks, & When Index Funds Are Too Risky #769

How to Money

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Diversifying Portfolio for High Net Worth

A listener shares his experience with a fiduciary advisor who suggested diversifying his portfolio by getting out of total market index funds due to his high net worth and concentration in tech stocks. The hosts discuss whether switching to a total stock market index fund is a good move once you've reached a certain net worth and advise listeners to focus on contributing to retirement accounts, keeping fees low, and consulting a financial planner.

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