This week's blogpost - https://bahnsen.co/46y1Y1F
Cleanliness in Finances: The Secret to a Tidy Portfolio
In this episode of the Thoughts on Money Podcast, hosts Trevor Cummings and Sean Latimer discuss the importance of cleanliness and organization, both in day-to-day life and financial portfolios. They share personal stories and insights on chores and parenting, discussing how these lessons apply to maintaining a clean and efficient investment strategy. The episode emphasizes avoiding 'trinkets' in portfolios, the false sense of diversification, and ensuring every investment has a purpose. Tune in for a blend of personal anecdotes and professional financial advice.
00:00 Welcome to the Thoughts on Money Podcast
00:51 Parenting Challenges and Funny Stories
09:22 The Concept of Cleanliness and Its Importance
12:22 Financial Cleanliness: Simplifying Your Portfolio
17:43 False Diversification and Common Portfolio Mistakes
21:09 The Importance of a Common Thread in Investing
26:10 Conclusion and Final Thoughts
Links mentioned in this episode:
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