Do You Have a Portfolio or a Plan? HOUR2. 12-07-24

The Tom Dupree Show

Do You Have a Portfolio or a Plan?

Financial Hour with Tom Dupree and Mike Johnson

Episode Highlights

Understanding Portfolios vs. Plans

• A portfolio is simply a collection of investments (stocks, mutual funds, ETFs, bonds)
• Having a portfolio doesn’t necessarily mean you have a financial plan
• A single product (like an annuity or mutual fund) is not a portfolio

The Evolution of Retirement Planning

• Modern retirement accounts (401ks, 403bs) have changed how people interact with investments
• Many investors today are less hands-on compared to previous decades
• Automatic deductions have made portfolio-building more passive

Key Components of Portfolio Construction

• Each holding should serve a specific purpose
• Portfolio construction is like a recipe – individual ingredients work together
• Time itself shapes portfolios through market performance
• Fund managers often handle construction for mutual funds and ETFs

Creating Your Financial Plan

Consider these key questions:

• When will you need to spend the money?
• What are your current spending habits?
• What’s your savings rate?
• When do you want to retire?
• What’s your margin of safety?

Important Investment Insights

• Don’t compare yourself to others – focus on your own goals
• Market volatility impacts larger portfolios differently
• Recent generous markets shouldn’t be assumed to continue
• Short-term considerations can derail long-term plans

Dupree Financial Group’s Approach

• Focus on dividend income portfolios
• Balance between growth and income
• Aim to reduce volatility while maintaining a steady income
• Fiduciary responsibility to clients
• Research driven by client needs

For more information or to schedule an appointment, call Dupree Financial Group at 859-233-0400 or visit dupreefinancial.com

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