Cover art for podcast Your Best Financial Life

Your Best Financial Life

17 EpisodesProduced by Scott MalbasaWebsite

No matter where you are in your career, you probably have some stress in your life that is caused by money. Are you saving enough? Will you be able to retire early? How much will it take to get complete financial freedom? Your Best Financial Life is here to answer all of your questions and bring on … read more

44:38

17: Minimizing Investment Mistakes with Cordant CEO Isaac Presley

Get to know the CEO and Director of Investments of Cordant Wealth Partners! 

Scott sits down with Isaac Presley to discuss managing the level of risk to take in order to achieve the goals that are trying to be achieved, the common mistakes they see customers making, and much more.

Listen in and see if you recognize any of these scenarios!

 

Show Highlights:

 

  • Isaac provides a fascinating overview of his background, his education, and his career track to Cordant Wealth.
  • Isaac shares a couple of his life epiphanies.
  • Scott and Isaac discuss the benefits of fee-only independent advisors for investors, as well as what’s appealing about fee-only independent advisors from the advisor perspective.
  • Since the world changes so rapidly, there will always be something new to look at and research, but if you have a plan in place it will help filter out a lot of the noise and keep you focused.
  • Having no plan is just as bad as having a bad one.
  • Taking on too much risk based on past performance is a big mistake.
  • Since risk changes over the course of time, it is difficult to evaluate your own risk.
  • The “variable risk preference bias” is a person’s instinct to change how much risk they’re taking on, based on what the markets have done lately.
  • As you age that bias towards changing your risk actually increases, research shows, and there are associated consequences.
  • The “sequence of return events” says the order of your returns matter, and Isaac provides more insight as to its impact on your portfolio.
  • There is both wisdom and discipline in figuring out what you want to optimize for, writing out your investment plan and reviewing it periodically.
  • Markets are cyclical, so it’s helpful to look beyond the recent past.
  • Scott and Isaac talk about red and yellow flags when looking at a new investment portfolio.
  • The best way to capture what you’re after is a matter of picking investments that are going to work over time and maximize your odds of success, and not going all in for something that’s worked recently and then switching to something else, back and forth. 

 

 

 

 

Links & Resources:

Scott’s Email

Scott’s Website

SUBSCRIBE & SHARE!

Scott’s Podcast

 

Suggested Book:

The Geometry of Wealth: How To Shape A Life Of Money And Meaning, by Brian Portnoy

Listen to Your Best Financial Life

RadioPublic

A free podcast app for iPhone and Android

  • User-created playlists and collections
  • Download episodes while on WiFi to listen without using mobile data
  • Stream podcast episodes without waiting for a download
  • Queue episodes to create a personal continuous playlist
RadioPublic on iOS and Android
Or by RSS
RSS feed
https://yourbestfinanciallife.libsyn.com/rss

Connect with listeners

Podcasters use the RadioPublic listener relationship platform to build lasting connections with fans

Yes, let's begin connecting
Browser window

Find new listeners

  • A dedicated website for your podcast
  • Web embed players designed to convert visitors to listeners in the RadioPublic apps for iPhone and Android
Clicking mouse cursor

Understand your audience

  • Capture listener activity with affinity scores
  • Measure your promotional campaigns and integrate with Google and Facebook analytics
Graph of increasing value

Engage your fanbase

  • Deliver timely Calls To Action, including email acquistion for your mailing list
  • Share exactly the right moment in an episode via text, email, and social media
Icon of cellphone with money

Make money

  • Tip and transfer funds directly to podcastsers
  • Earn money for qualified plays in the RadioPublic apps with Paid Listens