#37 The Kitchen Sink Portfolio: a little bit of everything, but no strategy

What happens when an investment portfolio includes a little bit of everything, but lacks a clear strategy?Brett and Chris examine the “kitchen sink portfolio”, including overlapping mutual funds and ETFs, tiny positions, layered fees, and investments that may add complexity without adding meaningful diversification. They discuss the case for simplicity, the importance of understanding what you own, and how a clear portfolio plan can help investors avoid emotional decisions during volatile markets.They also recap estate-planning lessons, explore the psychology of money and “enough.”