Are you unsure if your investment strategy aligns with your risk tolerance, especially as market conditions change?

In this episode, Jim Sumpter, CFP®, discusses investment strategies, focusing on understanding risk tolerance and rebalancing portfolios as we approach year-end. Jim digs into the nitty-gritty of asset allocation and why it’s crucial, especially after a booming year in the stock market. He also shares stories from his personal experiences, highlighting how different investment behaviors can impact family dynamics.

Jim Sumpter, CFP®, discusses: 

• (01:57) Why rebalancing your portfolio is crucial after a strong market performance
• (03:52) The concept of “mattress money” and its implication on investment growth
• (08:37)  How different life stages affect your investment strategy: accumulation, preservation, and distribution
• (16:21) Understanding what you own and if your investments align with your financial goals
• (17:25) The importance of seeking professional advice for a well-rounded perspective
• And more

Resources:

• Jim’s Five Rules of Investing & Understanding the Basics of Financial Planning (Ep.4)

Connect with Jim Sumpter: 

• 205-510-9074
• CMC Financial
• LinkedIn: Jim Sumpter
• LinkedIn: CMC Financial
• Facebook: CMC Financial
• Instagram: CMC Financial
• YouTube: CMC Financial