We hear a lot of half-truths in the financial world, not necessarily because people try to make misleading statements, but because sometimes a simple statement just doesn’t quite tell the whole story.

For the most part, these half-truths are well-meaning, but these misconceptions can often lead investors astray. Michael is here to set the record straight and explain why these things are 100% true. While some of these statements are true on their face, they don’t apply to every individual and that’s why customized planning is so important.

Join us for part one of this discussion as we cover common misconceptions about market losses, portfolio fees, mortgage interest, diversification, and bonds. We’ll provide insights into why these half-truths can be misleading and how to navigate them for better financial planning.

Here’s what we discuss in this episode:

• Half-truth #1: The market always goes up in the long run, so don’t worry about individual losses.
• Half-truth #2: The fees in your portfolio are less than 1 percent.
• Half-truth #3: If you have a low interest mortgage, you’re better off investing than paying off the house early.
• Half-truth #4: Diversification is THE key to investing.
• Half-truth #5: Bonds will significantly reduce the risk in your portfolio.

Data referenced in this article:

https://interactfa.com/the-index-matrix-app/

https://www.upmyinterest.com/bloomberg-us-aggregate-bonds/

Michael is a Financial Advisor and Certified Business Exit Planner at WestPac Wealth Partners. His daily mission is to help families and business owners make smart financial decisions so they can live on their own terms for the rest of their lives, regardless of what life events and opportunities come their way.

Call Michael at 702-767-4897 with any of your questions or email michael.schulte@westpacwealth.com.