Bulletproof Personal Finance: Expert Asset Allocation
Bulletproof Personal Finance: Expert Asset Allocation
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Throughout the developed world there is an invisible glass ceiling above the middle-class... Keeping average people from getting ahead.
Mortgage debt... Auto debt... Credit card debt... Student loan debt... Rising costs of living... Exploding health care costs... Stagnant wages... Artificially low interest rates... Globalization... Automation... Robotics... Artificial intelligence...
It all conspires to keep the glass ceiling just overhead.
But there is a way out. Financial independence is more possible than ever in the Information Age.
You won't shatter the glass ceiling playing their game, however. To achieve financial freedom, you need a new game... a new set of rules.
You need a new perspective.
Simply contributing to a 401(k) or buying a basket of mutual funds just isn't going to cut it. Not in today's world.
You see, most of the conventional wisdom is dangerous when it comes to personal finance. There may be nuggets of truth in the mainstream messages... But they approach finance as if it were a static institution.
They do not explore money and monetary history. They do not analyze macroeconomic trends. They certainly don't cover the intricacies of the capital markets with central bank interventions.
Most conventional sources still parrot the same message:
Buy term and invest the difference... earn 6-8% a year in low-fee mutual funds... stop buying lattes... retire rich.
It sounds nice. And it sells books. But it doesn't work.
For one, you can’t earn 6-8% a year in mutual funds anymore. You will be lucky to break even. And you may even lose your shirt if you own the wrong assets.
And saving $5 a day by dropping Starbucks amounts to a whopping $1,825 per year. Do that for twenty years and you'll have $36,500... Which won't even fund one year of retirement.
You see, generalizations are deadly in the world of finance. There are just too many moving pieces.
You need a targeted investment strategy if you want to shatter the glass ceiling and achieve financial freedom.
At Bulletproof Personal Finance, there are two layers to this...
First, we want to spread our capital across a number of asset classes according to a targeted allocation ratio. Think of these asset classes as "buckets".
Cash... Precious Metals... Real Estate... Stocks... Bonds... and Bitcoin - we want to build strategic exposure to each asset class.
And this course will cover everything you need to know to build your own asset allocation model.
Next, we want to employ the best strategies within each asset class. We want to fill our buckets with strategic investments according to the financial climate.
That's where our advanced strategies come in. This course series presents strategies that will succeed in both bull markets and bear markets.
So, we want to build a strategic outer layer of asset buckets. Then we want to hone in on targeted investments to put into those buckets.
In his book titled Antifragile: Things That Gain From Disorder, Nassim Taleb defined antifragility as: the ability to benefit from shocks; the ability to thrive and grow when exposed to volatility, randomness, disorder, and stressors.
Our two-layer approach is all about building antifragility.
We want to build an asset portfolio that will protect our capital... benefit from existing macroeconomic trends... and generate big returns with a few key investments.
The goal is to gain financial independence - the ability to choose our own course regardless of what life throws at us.
And that means we need to be able to thrive as the world around us changes. After all, this universe is irrefutably marked by change and paradox. Nothing stays the same forever.
Bulletproof Personal Finance accounts for this with our two-layer strategy. The outer layer is all about fundamentals. The inner layer is all aboutdynamic strategies that work in any market and economic climate.
But it all starts with the fundamental principles.
How to Build an Asset Portfolio
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What you will learn
- Construct and implement a personalized asset allocation model
- Learn how to spread capital across several different asset classes to create antifragility
- Determine a proper cash allocation
Rating: 4.35
Level: All Levels
Duration: 3.5 hours
Instructor: Joe Withrow
Courses By: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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