#23: The Finance Flash Go Podcast | Important Topics About Money | Setting Up Your Asset Allocation

This episode of the Finance Flash Go! podcast will help you to set your own asset allocation! Step #1 before you actually invest your money is determining your asset allocation. Step #1 is where most people get hung up. There are so many different asset allocations and we can get so worried about picking the right one. But the trick is to realize that there are no right asset allocations. There are also few wrong asset allocations. The important thing is that you pick one and stick with it. Let’s figure out one possible asset allocation right now. First, what percentage of stocks and bonds? A good starting point is your age (rounded to nearest 10) for your bond percentage. I’m 32 so that would mean 30% bonds. Now, think if you would like to be more or less aggressive. The further into the future that you are planning to need your money, the more aggressive you may generally be. If you’re more aggressive, do less bonds. Less aggressive? Do more bonds. Next, in coming episodes, we will learn how you want to split up your stocks. Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice. A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions. We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!