A Portfolio is NOT a Plan Zero to Unicorn

SummaryChad Hufford, owner of Veritas Wealth Management, discusses the importance of having a strategic long-term financial plan and avoiding common mistakes made by investors. He emphasizes the need to focus on income rather than principle, and to have a target for retirement income needs. Hufford recommends owning a diversified portfolio of equities to provide steady income growth over time. He also highlights the importance of working with a financial planner who prioritizes the client's goals and objectives.
TakeawaysA portfolio is not a plan; it's important to have a strategic long-term financial plan that focuses on income.Having a target for retirement income needs is crucial to determine the amount of invested capital required.Owning a diversified portfolio of equities provides the best chance for steady income growth over time.Avoid making emotionally-driven decisions based on fear or greed; stick to the long-term plan.Work with a financial planner who prioritizes your goals and objectives.
Chad's new book - https://rb.gy/gduu12

Beat the banks! Interested in earning up to 8.5% interest? Visit Norhart Invest to learn more!