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Ask The Compound

How to Buy a House Right Now

Dec 21, 2023
The podcast discusses the performance of bonds compared to the stock market, the allocation of investment portfolios, the state of the housing market, choosing a fiduciary financial professional, and understanding financial advisor compensation arrangements.
36:35

Podcast summary created with Snipd AI

Quick takeaways

  • Diversification is crucial to mitigate risk and can involve rebalancing the portfolio and considering a more conservative asset allocation.
  • Investing in municipal bonds from the respective state can provide tax advantages, specifically for high tax bracket individuals in states with high state income taxes.

Deep dives

Diversification and Risk

To mitigate the risk of having a significant portion of income and investments tied to a single company, diversification is crucial. This can involve reducing exposure to a particular industry or stock by rebalancing the portfolio and considering a more conservative asset allocation. Building a larger cash or bond buffer can also provide a safety net if there are difficulties in the job market.

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