Info

Mastering Money

Mastering Money is hosted by Certified Income Specialistâ„¢ Steve Jurich. Steve's comments have been seen on MarketWatch, CNBC.com, Bloomberg, and TheStreet.com. Steve is joined on most days by Money Radio favorite Sinclair Noe as well as experts and authors from the world of Wall Street and real estate. New episodes published every weekday at 9am PST. Listen every weekday to get a handle on emerging market trends, asset allocation strategies, social security, medicare, RMD planning, tax strategies, estate planning, annuities, life insurance and more!
RSS Feed Subscribe in Apple Podcasts Android App iOS App
2018
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June
May
April
March
February
January


2015
December
November
October
September
August
July
June
May
April
March
February


Categories

All Episodes
Archives
Categories
Now displaying: Page 1

Jan 20, 2016

Jason Zweig, author of the Intelligent Investor and columnist for the Wall Street Journal, has studied a strategy gaining traction with higher net worth clients. He reports on a form of bucketing strategy being used by investment thinker Ashvin Chhabra--a former Chief Investment Officer with Merrill Lynch. Chhabra has developed a bucketing system to match his clients’ stage in life. Alongside a market portfolio of stocks and bonds, he says, you should hold a “safety” bucket of stable assets with at least 40% of your assets, plus an “aspirational” bucket of even riskier investments with about 5%.

In research papers and in his book titled “The Aspirational Investor,” Mr. Chhabra argues that instead of organizing your portfolio around the markets, you should organize it around your own goals.

He says a portfolio should achieve three goals: insure your standard of living against severe short-term loss, maintain your standard of living over time, and even improve your standard of living if possible . You want a mix of assets that can fund each of those goals no matter what the stock and bond markets do.

As Zweig says, the larger your safety bucket, the more risk you can withstand elsewhere. Steve and Sinclair dig into the fine points of the strategy reported on in the Journal.

In the Q & A segment, CFP®, CIMA ® Murray Titterington with IQ Wealth reviews his screening process for high value dividend paying stocks for Bucket 3 of the IQ Wealth.