A Quote by Charles Schwab
You've always got to think about having some fixed income in your portfolio as well as equities.
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Owning a variety of asset classes means that some part of your portfolio will be doing well when the cyclical turmoil arises. A broadly diversified portfolio includes large capitalization stocks, small cap, emerging markets, fixed income, real estate and commodities.
In choosing a portfolio, investors should seek broad diversification, Further, they should understand that equities--and corporate bonds also--involve risk; that markets inevitably fluctuate; and their portfolio should be such that they are willing to ride out the bad as well as the good times.
It's quite clear that stocks are cheaper than bonds. I can't imagine anybody having bonds in their portfolio when they can own equities, a diversified group of equities. But people do because they, the lack of confidence. But that's what makes for the attractive prices. If they had their confidence back, they wouldn't be selling at these prices. And believe me, it will come back over time.
The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income.
The moment you make passive income and portfolio income a part of your life, your life will change. Those words will become flesh.
Having the opportunity to follow the market frequently gives you the opportunity to see if you need to reevaluate your portfolio. But reevaluating your portfolio shouldn't trigger a sell signal so frequently.
I don't particularly like equities, but I think equities are a better space to be in than bonds.
You know, some of the portfolios we might consider buying are portfolios which would do especially well if we have an economy-wide, or I mean, a global climate change that impacts us very negatively there are some companies that will do well, and so it might make sense to hold some of those in your portfolio.
The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one from equity account. And you want them to grow over time.
Pay off your mortgage before retirement, and that's one less bill you'll have to worry about when you're on a fixed income.
In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
I think every part of your game, on this golf course, needs to be good. You've got to hit every club in the bag. You need to drive it well, hit your irons well, and always, if you want to have a chance to win a Major, then you've got to putt it well.
Owning equities is an essential part of anyone's portfolio. You just can't ignore it over time. It's going to add the real pop to anyone's overall performance.
Well, I think when one has got beliefs and expresses and communicates them then one also radiates some kind of freedom that some people might not dare having.
That is the brilliant thing about the millennials. They're not obsessing about, "Hey, there is not going to be a job for me" - they're trying to take advantage of how good a life they can have without having to create so much nominal income. Income is there to create quality of life, but you can share your car and get where you want to go, and you can travel the world by couch surfing. I think they're taking advantage of deflationary forces to improve their life while not maybe having to chase the nominal money that was needed to buy a whole car, a whole house, a whole couch.
I think about growing up back in Philly. It was about friendship with the guys and having a distant crush on some gal. And when you finally got the nerve to take her out on a date, you went to her parents' house with a shine on your shoes, took her to the movies, and got her home nice and early.
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