The Clark Howard Podcast 01.21.25 Ask An Advisor With Wes Moss - Why Successful Investors Buy Stocks (Mostly) and Stock Market FOMO
Jan 21, 2025
Wes Moss, a fee-only fiduciary financial advisor and member of Team Clark, dives deep into the world of investing and retirement planning. He discusses the necessity of stocks for building a retirement nest egg, highlighting that a median happy retiree needs around $700,000. Wes also tackles the issue of FOMO—fear of missing out—and emphasizes why ignoring impulsive investment decisions is crucial. Listeners also get to hear about effective retirement strategies, including diversification and the balance between stocks and stable assets.
AI Snips
Chapters
Books
Transcript
Episode notes
Stocks Mostly
- Prioritize stocks in your investment portfolio for long-term growth and inflation protection.
- Maintain "dry powder" (safe assets like bonds) to handle market volatility.
International Diversification
- Diversify internationally, but focus on stable, prosperous markets like the U.S.
- Be wary of home bias and consider diversified international funds.
Elder Care Planning
- Consult an elder care attorney for Medicaid planning and asset protection.
- Establish power of attorney for finances and healthcare.
