In this episode Mark discusses the crucial role of an Investment Policy Statement (IPS) in guiding investment decisions and maintaining a long-term perspective during market volatility.
He references a detailed article from the Bogleheads and explains the benefits of an IPS, including setting investment goals, asset allocation, risk tolerance, and rebalancing strategies. Mark also shares his personal Investment Policy Statement and emphasizes the importance of creating and adjusting it during calm market periods.
Listeners are encouraged to create or refine their IPS to achieve financial success.
If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.
Episode Links:
Mark’s Money Mind YouTube Channel
Bogleheads Investment Policy Statement Article
Warren Buffett’s Letter to Shareholders - February 2025
The Simple Path to Wealth by JL Collins
Timestamps:
_______________
As an Amazon Associate this show earns income from qualifying purchases. Affiliate links do not increase your costs, and we will only link to products or services that we are familiar with and that we feel may deliver value to you. The modest income received from affiliate links helps support the cost of running and managing this show.
In this episode Mark explores the fundamental concept of compounding, using lessons taught in his financial literacy class, personal anecdotes, and insights from the...
In this episode Mark shares personal news about selling his home and planning a move to Longmont, Colorado, the epicenter of the FI/RE community. ...
Join host Mark Trautman and co-host Kevin Sebesta for a special live recording from CampFI Rocky Mountain Week 2 in Colorado Springs. Explore attendee...