Welcome to Finance and Fury, today’s episode is a flow on from last Monday’s Investment philosophy episode and narrow down into an Investment Strategy.

To invest properly, your investment beliefs need to expand into a strategy, an implementation plan.

So Today:

  • Expand on building an investment strategy from the investment philosophy – check out the worksheet
  • Look at goals and timeframes
  • The types of investments you will use
  • How much additional risk you can take on

Next Week:

  • Investment plans and specifics of putting the strategy in place
  • Implementation of said plan
  • The workbook will be available
  • What to actually do? And what habits you will make a part of your life?

Workbook for this:

  • Spent time putting together a work book for listeners
  • Questions to hep run through this exercise
  • Includes a checklist

Investment strategy:

  • Summary of what you will do
  • Behaviours that are necessary
  • Based off of the investment philosophy
  • Making it into an actionable plan

How to come up with it?

  • Be honest and ask yourself, how you will achieve your goals?
  • Has to be in line with the investment philosophy
  • The strategy helps you keep to your philosophy
  • How do you view your investments? What do they mean to you?
  • The strategy is how you articulate your strategy throughout your life

Categories of investment strategy questions:

  1. Goals and timelines
  2. How much risk can you withstand?
  3. Strategy to use

Outline:

  • Goals and timelines. We have talked about financial goals before.
  • Your attitude towards risk – are you a lover or hater?
  • Identifying a risky strategy when you see one – crystalising losses or not, will you be better off?
  • Avoid emotions and hard sells with the fear of missing out
  • Behaviours and emotions – knowing how you will react ahead of time helps avoid the worst case scenario
  • Mental exercises – not as good as the real thing but they help
  • Strategy specific – how will you look at achieving the goal?
  • Look at the types of investments that will help you achieve your goal

An example of mine: listen to find out details

  • Investment philosophy is 2 simple statements
  • Investment strategy is 3 statements – how I implement my philosophy

Next episode:

  • Work through some options to build wealth
  • The basic building blocks to pursue financial independence
  • Investment plans and specifics of putting the strategy in place
  • Implementation of said plan
  • What to actually do? and what habits you will make a part of your life?

Get ready for the workbook next week. It will be available on the website.

Thank you for listening. If you have any questions or want to get in touch you can do so here.

 

Resources:

Last week’s episode – https://financeandfury.com.au/how-do-i-make-an-investment-philosophy/

My financial goals – https://financeandfury.com.au/goals-for-the-new-year/

Setting your goals, with workbook – https://financeandfury.com.au/one-of-the-best-places-to-invest-in-2019-is-to-invest-in-yourself/

Overview of risk – https://financeandfury.com.au/risky-business/

Investing in 2019 – https://financeandfury.com.au/investing-in-the-share-market-in-2019/

 

 

 

 

 

Securing your Road to financial independence

Welcome to Finance and Fury Everyone has heard of more money, more problems – it is a bit of a contradictory statement It is false as money can cover bills and be used in emergencies It is true as not valuing money can lead to problems How to value money? What is...

Will enforcing recycling legislation help to save the environment?

Welcome to Finance and Fury, the ‘Say What Wednesday’ Edition. We recently had an awesome email from Zoe about a potential market solution following the ‘Solution for pollution’ episode last week; “We sort our cans from our mixed recycling in our Sydney CBD office...

How to invest to achieve your goals?

Welcome to Finance and Fury   Today – Talk about goals based investment – setting up buckets of investment allocations to meet needs Approaches to portfolio construction three common approaches in building the framework of a client’s investment solution:...

Tax Scams and the Brexit Mess

Welcome to Finance and Fury, the Furious Friday edition. Today we are discussing what is happening with Brexit? At the time of the release of this episode, we will be approaching the 11th hour of the 2nd deadline to negotiate a deal for the UK to leave the EU. Why...

The 4 reasons when not to buy property

Welcome to Finance and Fury Today’s episode is with Jayden and we will be talking about why property might not work for you, or when you shouldn’t buy property. We have talked about using property to build long term wealth using leverage. However, there are some...

Furious Friday: Is social media at a tipping point?

Furious Friday Is social media at a tipping point? Today we’re looking at the market environment for Facebook, Google, Twitter, YouTube etc… their costs are going to far outpace what their revenues will be. Are they on their way up, or on their way down? EU copyright...

Furious Fridays: Road to Socialism – Part 2

Welcome to Finance and fury, the Furious Friday edition. Today’s episode is Stages to Socialism part 2, so if you haven’t listened to last Friday’s episode it might be worthwhile doing so. To start I want to talk about oranges. They’re a delicious fruit, they grow on...

Has the first domino in the next banking crisis fallen?

Welcome to Finance and Fury Snuck this episode in ahead of time – only reading about news yesterday – need to do some further digging – but is it Time to sell shares in anticipation of a crash? Today – run through some news that you might not have seen – financial...

Premiums are on the rise…but is Private Health Cover worth it?

Say 'What' Wednesday Premiums are on the rise...but is Private Health Cover worth it? Welcome to Finance & Fury, Say ‘What’ Wednesdays! where we answer your questions on finance and economy. Today’s question comes from Mike – ‘Hey mate, loving the show, what’s...

Is money the root of all evil? And, how statistics are used to perpetuate misunderstandings and f*ck with you

Furious Friday Is money the root of all evil? And, how statistics are used to perpetuate misunderstandings and f*ck with you Welcome to Furious Friday – These episodes aim to solve misunderstandings In this episode -  Furious about the muckery of statistics used to...

Pin It on Pinterest

Share This