May 20, 2020
During this episode of The Confident Wealth Podcast
with Bill Bush and Mike Hackler discuss focusing on the things you
can control, choices that make investors lose control of their
financial goals, and investor performance versus investor
- 00:30 – Bill Bush and Mike Hacker recap the previously
discussed points from Plan, Protect, Prosper- Pt. 1.
- 00:55 – What do they mean when they say ‘protect?’
- 02:43 – Control the things that you can control.
- 04:00 – How can someone get off track?
- 05:38 – It is usually a bad idea to follow the herd and sell
when everyone panics and sells their investments.
- 07:07 – You can compare the coronavirus pandemic to how the
economy performed during previous recessions.
- 09:10 – The only time that the stock market and the economy are
actually in tandem is during the long-run.
- 10:45 – Turn to a trusted financial advisor to prevent bad
financial decisions during times of panic.
- 13:08 – What has to happen for you to be happy with your
3 Key Points:
- Horizon Financial Group is more goal-driven, which is a
long-term approach to your needs, instead of being
performance-driven, which is a short-term approach to your
- Horizon helps to financially protect clients from themselves,
especially during emotional times of uncertainty.
- The dominant factor of long-term real-life financial outcomes
isn’t investment performance; it is investment behavior.
- “We’re more goal-focused and planning-driven, where most
everyone else is market-focused or performance-driven.” – Mike
- “The things you cannot control, so many people focus on,
strictly the day-to-day movements of the stock market.” – Mike
- “The main thing you need to control right there is the amount
of shares you own. You can control that. If it is one company or
its a basket of the greatest companies in the world, or America.” –