What Do You Do When Things Go Wrong? – 2 Guys and Your Money
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30 episodes and going strong! To celebrate, we’re bringing our best show yet.
OG lost a computer last week, forcing him to take a week off from the podcast (thanks to Doug for filling in!). That means that it’s a good week to talk about risk management… What can go wrong? What should you do about it? Joe & OG tackle some lessons gleaned from Hollywood stars who’ve lost fortunes, PK discusses credit, Lance from Money, Life & More and Greg from Club Thrifty join Joe to discuss covering your bases with insurance, and finally, we give you our Top 5 Ways to Protect Your Portfolio.
As usual, show notes will fill in throughout the day Monday
2 Guys & Your Money Show 30: Notes
<4:56> Lessons learned from stars who’ve run into money trouble
<15:58> PK’s Fractional Sense: Credit
1 in 20 have a catastrophic error on their credit report
Link in PK’s segment: annualcreditreport.com
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<40:11> Let’s Give Something Away
Our March Giveaway is Here! This month win one of Laura Vanderkam’s eBooks.
<> Top 5 Ways to Protect Your Portfolio
OG Top 5
5) Create a system to monitor your portfolio
4) Options (writing covered calls)
3) Stop loss
2) Diversification. Proper asset allocation
1) Nothing. We are our own worst enemy.
Joe Top 5
5) Dollar Cost Averaging
3) Scheduled meetings
2) Options (buying puts)
1) Stop loss
<> End: Films
– OG – Flight
– Joe – House of Cards