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UBS On-Air: Market Moves
3 Levels Podcast: The basics of investing and financial planning
Apr 16, 2024
Frank Kelly, Mike Rogers, and David Rubenstein discuss the intersection of politics, global events, and investment strategies. Topics include the impact of elections on markets, national security considerations for investors, and the outlook for various sectors in light of geopolitical developments.
21:24
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Podcast summary created with Snipd AI
Quick takeaways
- Effective risk management involves running a premortem to identify personal risks like insufficient savings for retirement, advocating for a focus on personal risks over market fluctuations.
- Comprehensive risk management encompasses evaluating non-market risks such as income loss, health, longevity, and liability risks, highlighting the importance of addressing both market and non-market uncertainties proactively.
Deep dives
Defining Risk and Identifying Likely Culprits
Risk, as defined in the podcast, is failing to meet your goals. To identify risks, the podcast suggests running a premortem where you assume failure and pinpoint the likely culprits hindering your success. Potential causes of failure could include insufficient savings for retirement, outliving savings due to longer life expectancy, or unexpected high expenses. Focusing on personal risks rather than market fluctuations is advised for effective risk management.
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