What Do You Do When Things Go Wrong? – 2 Guys and Your Money

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Listen to shows on your smartphone! Try the Stitcher app here.

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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Author: Average Joe

A 16 year veteran of the financial planning and financial media circus. Lover of hamburgers and ice cream.

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10 Comments

  1. 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 LossMy Profile

    Post a Reply
    • Wow, Thomas, thanks for listening! We’re just playing around…if it’s useful, that’s bonus points…. ;-)

      Post a Reply
  2. 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?My Profile

    Post a Reply
    • Yeah, I regretted not cutting that comment…but there’s always other sponsors….

      Post a Reply

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  1. 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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