Episode from the podcastThe Mind Money Spectrum Podcast

#44. Don't let too much of a good thing leave you in financial ruin.

Released Tuesday, 13th October 2020
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In this episode, Aaron and Trishul discuss concentration risk and when it might be acceptable to take it on. If you have the willingness, ability, and need, increasing your concentration risk may be a way to pursue wealth maximization over the greater probability of achieving a specific goal. But do understand that behavior and emotion can come into play when deciding whether to diversify. Even if you hold a globally diversified portfolio of stocks and bonds, or if you are sitting in cash, you might already have excessive concentration through your place of employment. So, in the end, consider employing a robust decision-making process to help you determine the appropriate level of risk that makes the most sense for your situation.

Episode References

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Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

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50m 22s
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