On this episode, Mark talks about:

  • “But this time is different”
    • Every bull market has something different
    • There is still 1 fundamental fact that is constant in any bull market
      • The valuation of a market or stock is only as high as how much people will pay for it
  • Invest in yourself
  • Long term care insurance, life insurance, do you need them?
  • Stress test experience discussed
  • Past performance is not indicative of future performance
  • Characteristics in a portfolio
    • You must have an investment strategy
      • Do you know the strategy for how investment decisions are made?
      • Strategic and tactical
    • Blocking and tackling component
      • What are you doing to enhance your investment success
    • "Tactical allocation”
      • The money manager can justify charging you a fee now
    • Tax loss harvesting
      • Getting the tax deduction against capital gains
  • Investment tactics = investment strategy ?
    • NO
    • There is a strategy, and then there are tactics that help you execute the strategy
  • Headline: “why the S&P 500 will surge to 3000 in 2018
  • "Stocks can easily keep soaring”
  • Despite economic conditions and black swan events, we can not predict them
  • Many investors don’t know WHY

January 2, 2018