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/

 

 

 

 

 

Should you reduce debt or use surplus cash to build wealth? Negotiating with future-you

Say What Wednesday Should you reduce debt or use surplus cash to build wealth? Negotiating with future-you Welcome to Finance and Fury, “Say what Wednesday” Where we answer questions about the world of personal finance. This week, the question isn’t from a listener...

Investing in the Share Market in 2019

Hi guys and welcome to Finance and Fury. Today we will start off on the miniseries with the best place to invest money in 2019. Investments to Consider in 2019 Where should you invest your money? Question plagues both beginning investors and established pros. We...

Say What Wednesdays: Adani Coal Mine; we dig deeper and look more closely at the pros and cons

Say What Wednesday Adani Coal Mine; we dig deeper and look more closely at the pros and cons Welcome to Say What Wednesday. Today's question is from our listener, Sam. "Hi Louis, love the podcast! I’m wondering if you could do an episode on Adani. I’ve seen lots of...

Agenda 2030 – A global conspiracy theory, or something to actually worry about?

Welcome to Finance and Fury, The furious Friday edition Intro ep to a new FF series – probably going to be the biggest Today – episode to give the bird's eye view of the overall topic - massive topic - ranges from education, energy, transportation, medicine prices,...

One of the best places to invest in 2019, is to invest in yourself

Welcome to Finance and Fury! Today’s episode we continue our miniseries which looks at the best places to invest in 2019… Turns out, one of the best places to invest in 2019 might actually be in, Yourself. Today’s episode is the first building block for the next two...

Build to rent: Why are Banks and Super Funds becoming large Corporate Landlords?

Welcome to Finance and Fury,  Past few Monday eps on Share concentration – and the holdings and influence that super funds have Today – talk about the legislation put into place and the plans going on now where you might end up renting an apartment from your super...

Why do we look to be in a Property Bubble?

Welcome to Finance and Fury, the Furious Friday edition. Today we have a pretty good episode! (I find this interesting at least, so I hope you do too) – We’re talking about the Australia Property market, specifically the property bubble. How monetary policy has...

Furious Fridays: Busting the myth that our big 4 banks are “Too Big to Fail” (Part 1 of 2)

Furious Friday Busting the myth that our big 4 banks are "Too Big to Fail" (Part 1 of 2) Welcome to Finance and Fury, the Furious Friday edition! Today’s misunderstanding is about the “Too big to fail” myth. I want to tell you a story. It’s probably a relatively...

Risky business; why fortune favours the brave (and smart!) and why volatility isn’t necessarily a bad thing

Episode 5 Risky business; why fortune favours the brave (and smart!) and why volatility isn’t necessarily a bad thing Today on Finance & Fury, we’re talking about …risky business! Why take risk at all when investing? There must be a reason some people are willing...

Say What Wednesday: Is this the solution for pollution?

Welcome to Finance & Fury, the ‘Say What Wednesday’ edition. I recently received a great email from Nick, on a fantastic topic. So, I’ll read most of the email as background to today’s discussion;  “Hey Louis, I’ve recently be thinking about an issue that I think...

Pin It on Pinterest

Share This