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Ask HTM - Career Pivoting to Day Trading, Life Insurance Alternatives, & Predicting Future Stock Market Returns #781
Jan 29, 2024
Topics discussed in this episode include career pivoting to day trading, life insurance alternatives, and predicting future stock market returns. The hosts also touch on the importance of controlling investments and discuss whether term life insurance is necessary for those without dependents. Additionally, they explore the risks and potential rewards of day trading stocks, emphasizing caution and strategic decision-making.
46:25
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Quick takeaways
- Investment returns in the stock market can vary based on allocation and market valuation, so it is wise to plan for slightly lower returns while remaining open to better-than-expected performance.
- The decision between paying off debt or keeping cash on hand depends on individual circumstances and goals, weighing the opportunity cost and having cash readily available for emergencies.
Deep dives
Lower projected returns and the importance of diversification
Spencer, a listener, raised a question about his financial advisor projecting a conservative 6% return on his portfolio. Vanguard has also projected lower returns for US equities. The projection can vary depending on the investment allocation. Investing in a target date or balanced fund may result in more conservative returns, while a more aggressive approach with a heavier allocation to stocks may yield higher returns. Current market valuations should also be considered. Global equity returns are predicted to be more robust compared to US equities. Ultimately, it is wise to plan for slightly lower returns while remaining open to better-than-expected performance. Increasing the percentage of money invested may be beneficial.
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