Investing can often feel like riding a rollercoaster of exciting highs and daunting lows. This week, we’re digging into the intricacies of the financial planning process, focusing particularly on the importance of understanding market trends and the role diversification plays in safeguarding your wealth.

• (03:08) Investing with diversification mitigates risk; US stocks average 10% annual returns over the long term but vary yearly.
• (08:39) US and China stock market gains were largely driven by speculative buying, with US stocks being pricier than international and small stocks.
• (12:07) Tech stocks are currently overvalued, reminiscent of past market bubbles
• (15:57) Bonds have a stable 5% return, but cash rates are volatile and are expected to drop to 3.9% this year.
• (17:37) Despite acknowledging the unpredictability of the future, experts from BlackRock, JPMorgan, Schwab, and Vanguard forecast international markets to outperform US markets over the next decade.
• (20:01) Diversification guards against risk and helps investors achieve their goals

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Retirement, often portrayed as a glorious era of freedom and relaxation, has its own set of challenges beyond the financial arena. This week, we’re exploring the psychology behind retirement and discussing the four phases retirees go through.

1. Vacation/Honeymoon Phase: The initial euphoria of not having to set an alarm.
2. Loss Phase: Often associated with disenchantment as the honeymoon phase wears off.
3. Trial and Error Phase: Trying out various activities to find what gives life meaning.
4. Reinvent and Rewire Phase: Adding a new sense of purpose and joy from activities outside oneself.

The excitement of retirement can last about a year. The dreamy honeymoon phase is great, but when reality sets in, it can be tough. The transition takes time and usually involves emotional highs and lows as retirees grapple with their newfound freedom while trying to preserve their sense of identity, purpose, and routine.

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As the holiday season approaches, many of us find ourselves thinking about gifts. While gifts can come in many forms, monetary gifts often cause the most confusion. In this episode of Financial Symmetry, hosts Chad Smith and Grayson Blaszak discuss the intricacies of financial gifting.

Financial gifting generally involves transferring assets, such as cash or securities, from one individual to another without expecting anything in return. This process can have several benefits, including seeing your loved ones enjoy the fruits of your generosity during your lifetime.

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📬 Download your Free Retire On Purpose Guide here.

📰 See the full show notes here

🌐 Sign up here to receive a detailed pre-retirement checklist to assure you are positioned to experience your ideal retirement.