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.
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Stocks Mostly
- Prioritize stocks for long-term growth and inflation protection.
- Maintain some "dry powder" (bonds, treasuries, money markets) for stability.
Massive Diversification
- Diversify investments massively across different asset classes and sectors.
- Utilize ETFs, which offer broad market exposure and thousands of holdings.
Patience and Longevity
- Practice patience and maintain a long-term investment strategy.
- Avoid chasing short-term market trends or FOMO (Fear Of Missing Out).