This week's blogpost - https://bahnsen.co/4dKakXs
Avoiding Unforced Errors in Your Financial Plan
In this episode of the Thoughts on Money Podcast, hosts Trevor Cummings and Blaine Carver discuss the importance of avoiding unforced errors in various aspects of financial planning. The conversation delves into common mistakes such as concentrated stock positions, market timing, overlooked tax planning opportunities, and inefficient estate planning. The hosts emphasize the need for patience, proper insurance coverage, and the wisdom of consulting expert advisors. They conclude by stressing the significance of understanding one’s financial behavior to mitigate risks and ensure a sound financial strategy.
00:00 Welcome to the Thoughts on Money Podcast
00:50 Unforced Errors in Sports and Finance
02:45 Fundamentals of Financial Planning
09:39 The Importance of Diversification
15:05 Avoiding Market Timing and One-Off Investments
22:24 The Perils of Overconfidence in Investing
23:04 Tax Planning: Avoiding Common Mistakes
29:48 Estate Planning: Ensuring a Smooth Transition
37:23 Insurance Planning: Protecting Your Loved Ones
40:44 Conclusion: Mastering the Fundamentals
Links mentioned in this episode:

http://thoughtsonmoney.com
http://thebahnsengroup.com

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