Save more and spend less is more than just a motto for money expert Clark Howard; it’s a way of life. Clark and his crew — Team Clark — are on a mission to empower people to take control of their personal finances by providing money-saving tips, consumer advice, hot deals and economic news to help everyone achieve financial freedom. Clark is a nationally syndicated radio talk show host and a consumer reporter for television stations around the country. His podcast, The Clark Howard Show, rec ...
Manage episode 285978552 series 1129321
When we hear about sudden, massive gains in speculative stocks like Tesla and GameStop—the temptation is to feel like you somehow “missed out”. But most investors of retirement age are not ready to put a heavy load of their money into one or two stocks to try to make a killing. As an investor, you need to decide what your priorities are, what your realistic goals are, and how much risk you are willing to take to achieve those goals. If you’ve already accumulated five hundred thousand to a million dollars or more, it’s likely that you're not ready to lay it ALL down on one stock in hopes that it doubles within ninety days. You're more likely to place an emphasis on PRESERVING what you’ve already made before you take big chances-- with big chunks of your money. In fact, the real reason you’ve accumulated money is that you’ve mostly avoided silly risks along the way. Instead, you kept your eyes on the prize: a comfortable retirement funded by diversified, solid investments that make sense. Today, we'll review a smart strategy for doing just that. Then medicare and health insurance specialist Shelley Grandidge joins us. This is a show you DON'T want to miss...MASTERING MONEY is on the air!!!