Nov 27, 2020
Your financial portfolio is typically divided into three different worlds of money – banking, insurance, and Wall Street. Do you know the differences between the three and how to best utilize each to give you the best chance for long-term success? On this show, Joel will take you through the three worlds and explain each in detail. We’ll also find out what he thinks about the election results and the recent positive vaccine news.
Read more and get additional financial resources here: https://johnsonbrunetti.com/podcast-episode-176-3-worlds-of-money-market-update/
What we discuss on this show:
0:32 – Joel’s thoughts on the election and vaccine news
5:12 – Overview of the 3 worlds of money
6:45 – Breaking down the Banking world
9:16 – Insurance world
12:49 – Wall Street world
15:59 – Reviewing your portfolio
18:31 – Mailbag Question: My IRA has only made 7% this year while the market has made more than that. Should I fire my broker?
22:04 – Mailbag Question: I have four different investment accounts. Which one should I withdraw from first when I need money in retirement?