The Personal Finance Podcast I have $1 Million Should I Sell Stocks and Go ALL IN on Index Funds
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Feb 19, 2025 Dive into the debate of whether to stick with individual stocks or fully invest in index funds with a million-dollar portfolio. Discover the crucial role of emergency funds and the risks of rising scams. Learn about building a robust investment strategy that prioritizes diversification and customization to meet your financial goals. The discussion also highlights the importance of eliminating high-interest debt before homeownership, as well as navigating the balance between housing costs and job opportunities.
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Portfolio Overlap
- Analyze your investment portfolio for fund overlap to reduce redundancy.
- Consider tax implications before selling stocks in taxable accounts.
Paying for Large Expenses
- Save as much cash as possible during an interest-free loan period.
- Prioritize paying down high-interest debt before investing in company stock.
Toll Scam
- Andrew's friend received a scam text message about unpaid tolls.
- The scam involved a link to a fake website mimicking a state's toll payment site.