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: 

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• (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:

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

Connect with Jim Sumpter: 

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