Remember voting on Most Likely to Succeed, Class Clown and other superlatives back in high school? We’re applying those categories to the financial world and handing out our own awards for products you might be considering for your retirement portfolio. We’ll also discuss risk tolerance and what it means to you and finish out the episode with a couple mailbag questions. 

If you go back to your high school yearbook and open it up to the senior class, you’ll likely find a list of class superlatives that still make you smile all these years later. Using that same line of thinking, we’re going to hand out awards to financial products that you might be considering for your retirement portfolio. 

Ryan and Bob will dish out these four superlatives in today’s episode of the No Payne, No Gain podcast:

  • Teacher’s Pet
  • Most Expensive
  • Most Likely to Disappoint
  • Most Popular

From there, the guys turn their attention to risk tolerance. You’ve probably heard this term thrown around quite about in investing, but what does it mean for you? What are some ways you can test your level of tolerance? Believe it or not, some clients need to actually add some risk to their portfolio. 

We’ll end the show with two questions from listeners that our producer Dan shares with us. The first is about keeping too much money in cash and where that balance needs to be. The second comes from a father making plans for his daughter’s wedding but trying to determine the best way to pay for it without drawing from retirement accounts. 

We’ve laid out the show in the rundown below to make it easier for you to skip to the topics you care about most or to go back and listen to something again. 

[1:05]Handing out financial product superlatives.

[2:36]Which product would we call the ‘Teacher’s Pet’?

[3:27]Who would be the culprit for ‘Most Expensive’? 

[4:46]What product is ‘Most Likely to Disappoint’?

[6:10]The ‘Most Popular’ product right now. 

[10:06] – How do you describe ‘risk tolerance’ to someone that’s not familiar with what it means to their portfolio?

[12:13] – Putting your portfolio under the stress test. 

[12:53] – Sometimes you might not be taking on enough risk.  

[15:44] – What it means to invest with a purpose. 

[19:28] – Mailbag time!

[20:26] – Question #1 from Mike: I have a lot of money in savings and it gives my wife security. But how much cash should I be keeping?   

[24:26] – Question #2 from Gary: My daughter is getting married soon and most of my savings is in retirement accounts. What options do I have outside of withdrawing from those early?

“..bond funds. I describe them as the weapons of portfolio mass destruction.

– BOB PAYNE, No Payne No Gain Podcast

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