Episode 109: How I Found My Bashert & Manage My Money

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. Talking points: The Role of Mazal, or luck, in Personal Finance.

2. This week’s quote is from Charlie Munger on what it takes to be successful.

3. Can you describe your approach to investing?

4. I’d like to go to an NBA game and sit courtside. I can afford to do that for the Nets (Knicks tickets are way out of my price range). It would be the equivalent of like two months worth of discretionary spending for me. Should I do it?

5. Warren Buffet said to put 90% of one’s assets in the S&P 500 and the rest in Treasuries. Should I liquidate all my investments and do that?

6. My uncle started his business by taking out credit card debt. He is now one of the wealthiest people in his community. Given the possibilities, would you ever be OK with someone taking out credit card debt to fuel growth in your business?

7. What amount of money do you think is optimal to shoot for where you don’t need to work, but won’t be hounded by charities asking you to make big donations?

8. Timely & Actionable Idea: Don’t underestimate the required annual income in order to maintain your lifestyle.

***UPCOMING LIVE WEBINAR: On Thursday, June 5th @ 8:30am on the topic “Understanding Pass-Through Entity Taxation” featuring Angelika Herburger and Russell Ephraim both from CBIZ Advisors based in New York City. Register here: https://us02web.zoom.us/webinar/register/WN_CIBY7Q0UTu6TqhG9W2_KrQ ***

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