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.
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Link to the 2 Guys iTunes page here. Listen 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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Trackbacks/Pingbacks
- Investing in Stocks and The Stop Loss - WiseDollar - [...] What Do You Do When Things Go Wrong? – 2 Guys and Your Money [...]
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I love listening to these, but I just got the baby down to sleep and I would hate to wake him up again after how cranky he was getting. I might have to listen tomorrow
Glen @ Monster Piggy Bank recently posted..A no-headache checklist for moving house
If you want the baby to sleep, just play him my part. Joe had to stop listening to my pieces in the car so he’d avoid nodding off..
PK recently posted..Why You SHOULDN’T Pay Off Your Mortgage
Thanks for asking Greg to be a part of your podcast!!!
Holly@ClubThrifty recently posted..8 (Surprisingly) Cheap and Beautiful Travel Destinations
Just listened to this podcast for the first time. Pretty good stuff! Not surprised in the least that the guy running the illegal gambling room got the full-on raid. They don’t mess around with that stuff when tax money is on the line!
Cody @ Samurai Trading Academy recently posted..Emini Day Trading Series: What Are Emini S&P 500 Futures?
The stop loss is an important part of Risk management. I just posted an article today on introducing the stop loss, targeted at the novice or inexperienced investor but it may be useful to anyone invested in the markets.
Jose recently posted..Investing in Stocks and The Stop Loss
By far, the best show yet!
Lance @ Money Life and More recently posted..Change of Plans – From Student Loan Payoff to Buying a House
Loved every minute of it and super useful podcast!
Wow, Thomas, thanks for listening! We’re just playing around…if it’s useful, that’s bonus points….
Haha! Thanks for the mention there at the beginning. That was totally unexpected. I thought you might find humor in the way I chose to support the show by hitting one of your Amazon links and buying a product from the main competitor of your sponsor!
Matthew Allen recently posted..For Those Who Wonder – Is Lending Club Legit?
Yeah, I regretted not cutting that comment…but there’s always other sponsors….