Episode 70: Money Lessons From The Olympics

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1. Money Lessons From The Olympics

2. This week’s quote is from Warren Buffett.

3. I have a family member who is drowning in credit card debt. Thank god I make a good living and I’d like to help them, but I’d like to do so responsibly. How do I do that?

4. I filled out a risk tolerance questionnaire with my advisor several years ago and it came out that I was aggressive. But my performance has not been that high even though I took a lot of risk. What do you think my advisor is doing wrong?

5. I’m renting out a single family home in another state (across the country). I’m seriously debating selling the home and investing it in the market, but how do I calculate where I would get a better return? I don't want to make any rash decisions before determining where I’ll make more money. Is there an analysis you can do to determine the right move?

6. I put most of my net worth in one investment. I was advised not to. Of course it went down by 70%. My advisor told me I should sell it and move on. What do you recommend?

7. I handle our personal finances and my spouse has no clue about anything related to this matter. Is that acceptable?

8. Actionable idea

9. SIGN-UP: Yeshiva University & ParkBridge: Tax, Estate, and Wealth Planning Symposium (3 CPE/CLE): 9/10 @ 8:30am on "Estate Planning for heirs in Israel", "Charitable giving & Jewish law", and "Florida tax planning strategies." Jonathan I. Shenkman will be moderating this program. Open to all! Registration & program agenda HERE.

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