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

<> Open

<1:50> H&R Block offer: Save 15% on your tax prep!

<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

<23:54> Shortwave: Lance from Money, Life & More and Greg from Club Thrifty join us to discuss contingency planning.

Don’t want to sit at your computer and listen to the show? Take it with you! Use either iTunes or Stitcher to listen to the show on the go.

Link to the 2 Guys iTunes page hereListen on the Stitcher app here.

<40:11> Let’s Give Something Away

Our March Giveaway is Here! This month win one of Laura Vanderkam’s eBooks.

Link to our Giveaway

<> 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

4) Rebalance

3) Scheduled meetings

2) Options (buying puts)

1) Stop loss

 

<> End: Films

– OG – Flight

– Joe – House of Cards

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Comments

    • Average Joe says

      Wow, Thomas, thanks for listening! We’re just playing around…if it’s useful, that’s bonus points…. 😉

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