I’m going to need a shower after this week because I really whored myself out to the financial news media for the book. I continued the media parade on Fox Business yesterday where
I talked with David Asman and Liz Claman about some common investment
myths. These segments are always so short, but here are the key points I
was trying to make:
- Most of us don’t have to “beat the market” (the stock market) in the long-run. In fact, most of us have financial goals that don’t require us to perform with the variance of the S&P 500. Most of us are looking to beat inflation and do so without exposing us to huge amounts of permanent loss risk. The S&P 500 doesn’t perfectly achieve those goals and so building a portfolio that’s entirely stocks could actually expose you to unforeseen risks and create unnecessary turbulence in your life.
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