The Clark Howard Podcast
01.07.24 Ask An Advisor With Wes Moss - 5 Keys To Successful Investing
Jan 7, 2025
Wes Moss, a fee-only fiduciary financial advisor and expert in investing and retirement planning, shares his insights on achieving financial freedom. He highlights the shift from pension reliance to individual responsibility, emphasizing five key strategies for successful investing. Topics include the importance of long-term planning, portfolio diversification, and the potential benefits of Roth IRAs. Wes also answers listener questions about retirement strategies in Alaska and managing investments amidst financial uncertainties.
42:08
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Quick takeaways
- Individuals must take personal responsibility for retirement planning, relying heavily on informed investment strategies to secure financial futures.
- Successful investing hinges on five fundamental principles, including diversification and long-term patience, to effectively navigate market complexities.
Deep dives
Investment Responsibility Has Shifted
The responsibility for retirement planning has dramatically shifted from employers to individuals over the past few decades. In the past, many workers depended on pensions, which provided a steady income post-retirement. However, now individuals are tasked with managing their savings and investments, often becoming overwhelmed by the complexities involved. This fundamental change underscores the importance of becoming well-informed about personal finance and investment strategies in order to achieve financial security in retirement.
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