We all like to check our bank account and see a healthy number staring back at us, but at what point do you have too much cash on hand? Today we want to focus on the benefits of having cold, hard cash but also why it’s important to understand that too much cash will bring your portfolio down over time.
Read more and get additional resources here: https://fortune-financial.org/ep-19-how-much-cash-should-you-keep-in-your-portfolio/
Today's rundown:
0:44 – What are the most common needs for cash that requires you keeping it in your bank account?
2:43 – Then what’s the problem with having too much cash?
3:59 – How do you help clients determine how much cash they need?
6:37 – What makes people obsess over a certain amount of cash?
8:03 – In what ways can clients invest cash but keep it out of the market to avoid the volatility?
8:49 – Fixed index annuities might be an option.
Ep 21: Things People Think They Know (But Don’t!)
Ep 20: The Different Stages of Retirement Planning
Ep 18: Mutual Funds 101
Ep 17: Do These Current Events Matter for Retirement Planning?
Ep 16: Are You Sabotaging Your Own Retirement?
Ep 15: 5 Variables that Shape Your Retirement Plan
Ep 14: Financial Fortune Cookies
Ep 13: A Message to the Good Savers
Ep 12: Financial Lessons Learned from Classic Fables
Ep 11: The Retirement Road Trip
Ep #10: Should We Follow Conventional Wisdom for Retirement Planning?
Ep #9: What Financial Wisdom Can We Gain from Beatles Songs?
Ep #8: Doing the Research Before Making Financial Decisions
Ep #7: Strategy in Chess is Much Like Retirement
Ep #6: Do These Popular Beliefs Actually Work in Life and Financial Planning?
Ep #5: 5 Red Flags to Watch For When Choosing a Financial Advisor
Ep #4: How Your Financial Feelings Factor Into Retirement
Ep #3: Retirement Decisions: More Than Just Investments
Ep #2: Fuzzy Math In Retirement
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