What about you Jimmy John's a permit to take no from jimmy johns How about 33 grains of bread 3 is not enough about 4 but would want. Let's go 678 want to make it rain a grain John still a know all right what about my brain we will take it let's give it Guns new non-green we don't want no one finest try our new 9 green we take a I'm 1220 with you where ever you go what are smart phone. Service of Salem Media Group. With this hour in news I am Michael Harrington in Washington a tropical storm Florence now Tropical Depression Florence but it's still packing a punch there's flash flooding and major river flooding expected all day today over significant portions of the Carolinas Here's North Carolina Governor Roy Cooper especially the southern Piedmont and the rain is predicted. To Charlotte and the millions. Expect flooding and potential landslides beginning tonight and continuing into Monday Meanwhile Forecasters say heavy rains from the dissipating storm will be moving north bringing the risk of flooding to parts of West Virginia and West Central Virginia tomorrow and Tuesday the death toll has risen to 13 with the recovery of 2 bodies today in South Carolina halfway around the world typhoon but got made landfall in southern China has gone down province early this morning bringing torrential rains winds of $100.00 mph 2 people are dead about 40 were killed by the storm in the Philippines yesterday the Wall Street Journal says President Trump has decided to impose new tariffs on about $200000000000.00 of Chinese imports the president is going ahead with the new tariffs after saying last week that such a move could come very soon the Journal cited sources who said the tariff level will likely be set at 10 percent below the 25 percent announced earlier this year White House spokeswoman Lindsey Walters declined comment on the timing of a possible announcement but said the president has been clear that he and his administration will continue to take action to address China's unfair trade practices great kludged Washington South Korea's president faces growing skepticism in home about his engagement policy ahead of a 3rd summit with North Korean leader Kim Jong whom a new poll shows half of South Koreans think the summit won't accomplish much of anything this is s.r.m. News. When the need for Senior Care arises there's no place like home your loved ones should never have to give up living at home visiting angels will provide home care for your mom or dad at home up to 24 hours per day including personal care meals and light housework you'll select your professional caregiver with visiting angels look up visiting Angels dot com or call 877374 live that's 877374 live franchises are available visiting angels America's Choice in senior home care. What do you hear most people just hear an engine we hear a 6.2 liter m.e.p.a. With a super charger that accelerates so fast it'll suck the air out of your lungs and knock you back in your seat like you're an astronaut in a rocket ship hurdling through the stratosphere but then again we're not most people we are the brotherhood of muscle. Domestic domesticated dog is a registered trademark of f.c. a U.s. L.l.c. Messages batteries may apply talking and recurring text messages listen to Nick and Vickie story about see quiet during quiet very loud and constant very draining to be next to somebody who you're trying to sleep and you've got that lounge reverberation you know I was hoping she'd get to sleep before I come out because I'd start again the point where I was concerned and I knew she wasn't going to get much rest if I came to bed at the same time you know she'd been so used to me by the other stuff I tried she was kind of skeptical say Ok there's another. Year you don't even try and I said No I really read up on this and I'm I'm going to make an effort with this I'm going to try and it's my Snorri So it's worked great for us I'm a happier person in mourning and more energetic and I think that carries through the day that's the best way to describe what the client stand for quite works for both men and women text news t 246810 or go to get quiet dot com try and risk free for 30 days for just 95 text news 246810 or go to get z. Quiet dot. Today Friday evenings on am 1220 k d o w Margaret Jackson is your host for business on the show what separates the success stories from the failures join us every Friday as I help guide you down the path to success whether you're already established or just starting out I discuss the latest I'm trippin or trends marketing strategies financing solutions and more it's all about giving you the edge you mean to succeed this is on the edge with Barbara Jackson Friday at 6 pm here I am 1220 k.t.l.a. . And you know the worst coercion or for that I'm just your average everyday odd way when it comes to my business. Like my fellow in business insurance through progressive they help to sign a customized insurance solution it gets the job done right just like me an actor trying to sound like a plumber excruciating whereas commercial auto and business insurance through progressive is anything but there's a progressive commercial dot com To quote Today insurance provided. It's going to get in there all right to all of our listeners out there who are age 75 or older and own a $100000.00 life insurance policy or larger I want you to get a pen and I want you to write this information down if you're age 75 or older and have a 100000 dollar larger life policy did you know you can convert that life policy in the cash right now I'm not getting you could turn your life insurance policy into cold hard cash and I know the economy's been a struggle for many people need cash they need it right away and you can get cash right away for your life policy if you're over 75 you have a 100000 dollar larger life policy I want you to write this number down give these folks a call it all 3 you're rid of those insurance premium stopping those turn that policy into cash write this number down 8 who are we by 75 use the cash to pay bills medical bills whatever call 8 were poor w e b u y 7594 poor we buy 75 call now brought to you by golden opportunity sponsored by Ronald. Those things are the index investing show this is America's only weekly program focused on the important stock and bond indexes in the financial products that tracked in. On the election. Coming up on today's program things that impact your investments and retirement savings when talk about common diversification pitfalls also don't invest a single dime without having this crucial document. What is that crucial document Well you can find out on today's program also I want to talk about the protocol for what you should be doing as an investor for those of you that have received a final portfolio report card grade I think some of you still don't understand what she's supposed to be doing after you receive the grade so what explain to you a little bit more about that and this is the index investing show you can follow us and tweet us on Twitter at index show so I want to talk a little bit about common diversification errors or mistakes it seems to me that diversification should be a pretty straightforward process but unfortunately it isn't and some adventures and even their advisors have unfortunately misapplied the basic tenets of having a properly diversified portfolio so the question is Where have they gone wrong and what can be done to fix these mistakes so 1st of all just to give you some definitions of what we're talking about portfolio diversification is a investment strategy that's really designed to limit risk by simply spreading money across multiple asset classes and securities now financial literature and research. As well as things that you hear from your local financial advisor are going to pretty much be on the same page in agreement that diversifying your investments is the prove it thing to do so what I want to do is just examine some of the common errors or mistakes that I have seen. By by the portfolios that I've analyzed and graded with my portfolio grading tool. And just some of the things that I need you to be aware of so the 1st area or mistake is what we call an under diversified portfolio this is definitely one of the most common types of mistakes when it comes to diversification So for example an investment portfolio that says or has 100 percent of its market exposure let's say to a single stock and nothing else just that one stock for example could say Microsoft or or Facebook or something else and it has no other exposure but to that one stock that would be by definition an under diversified portfolio even if that's not having to pay a good dividend or be a good group. Have good results or returns doesn't really matter because you have concentrated your market exposure to that just that one company and as a result you're going to have a lot of higher risk and higher volatility as well as lacking exposure to those other major areas right for example you're going to miss if you've got all your exposure to just one stock you're going to miss exposure to other stocks in the market. So that's why we always encourage you to make low cost index e.t.f. That tracks broadly diversified indexes that's that's your core. Holding that should give you exposure to stocks as a group and then don't forget about bonds don't forget about commodities real estate cash other major asset classes that will help you to avoid this problem of being under diversified so what we're really saying then is portfolios that deliberately or by ignorance or mid major asset classes cannot be accurately the fine as fully diversified Now the easiest way to avoid other diversity of vacation is to simply make sure that the foundation of your portfolio is built upon broadly diverse index e.t.f. That cover stocks bonds commodities and real estate Finally always make sure that your portfolio has at least some exposure to cash right because it's going to provide you with some liquidity to provide you with a cushion market price fall and also some flexibility to buy assets that are on sale none of these advantages are given to people with fully invested portfolios so that's the 1st diversification air we're going to take a look at some other errors coming up later that 1st one was under diversification 844-305-7800 that's a number you're listening to the index investing show we're here teaching you the birds the bees of successful investing every week you can follow us on Twitter. Indic show you can tweet me as well as reach out to me there want to also remind our listeners that you can pick up our podcast at i Tunes as well as index Show dot com So we encourage you to listen to the podcast we have listeners from all over the world I'm just amazed at how far flung some of the places are that listeners to our podcast we've got listeners all over the planet it's just amazing how this giant Internet thing has connected all of us and made us that much closer as a community the community of investors with the single object of reaching our financial goals and getting ahead and that's really what this program is all about now I also want to tell you about a very important document that no investor should be investing without and we're going to tell you what that document is on today's program very crucial very very crucial so stay tuned for that and then I want to touch on the protocol for what you should be doing as an investor those of you that have gotten a portfolio report card from me you know what are the steps that you should be taking after you receive that grade and I think this is important because some of you still haven't really grasped the whole idea of the portfolio report that it isn't just to fulfill your curiosities I know many of you have gotten the portfolio broker because you want to know you're curious to see what I think about your portfolio how it grates does it get an a b a c d n f How does it do in terms of its architectural soundness Now I want you to get past your curiosities and I want you to really understand that the purpose of the portfolio report card is not just to fulfill your curiosities but it. It's to help you really to identify strengths and weaknesses in your portfolio that's why I invented the tool that's why I designed it I designed it to help you to quickly know and understand what exactly is happening with your money whether it's a 41 k. Or 4 a 3 b 457 a family trust account doesn't matter how big or small your portfolio is I've graded portfolios. As small as $10000.00 I've graded portfolios up to $40000000.00 And by the way the portfolio report card works on all portfolios of any size. If you've got a portfolio of a $1000000000.00 or more it'll work on that but I really don't focus on $1000000000.00 portfolios because if you've got that much money then you probably don't need a grade because you're pretty much set but my point is that I want you to understand that it scales the portfolio report card grading tool scales and the 1st object is to help you identify strengths and weakness of the portfolio so coming up in a little bit I want to tell you the protocol for what you should be doing after you receive a portfolio report card grade if you'd like to join us 844-305-7800 is the number give us your 1st name along with your city does any financial questions on your mind we can talk about that again you can also tweet the program at index show I'm Rhonda lezzie this is the index investor the show coming up next we're going to talk about more of the common diversification pitfalls and also that single document. That all just should have. About a much more regulated action but be sure. Trading is different than investing but the opportunity to take advantage of short term trends is only one if you get the direction right direction leverage then inverse. Bold trades on u.s. And international stocks and bonds don't miss your next big trade direction leveraged e.t.f. So an investor should carefully consider a fund's investment objectives wrists charges and expenses before investing funds prospectus in summary prospectus contain this and other information about direction shares to obtain a fund's prospectus in summary prospectus 866-476-7523 or visit us at w.w.w. Dot direction investments dot com prospectus in summary prospectus should be read carefully before investing and investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services l.l.c. . Crybabies it's a matter this did you wet your pants because of all the investing opportunities you God. Stop whining and start making. Money it's been said that successful investing is simple but never easy so what's the secret to success is what separates the winners from the losers and how can you be a winner the answer is found in the online courses taught by Rhonda legend at index Show dot com and roll today and learn how to supersize your investment results with lower fees lower taxes and lower rates Rhonda lady will teach you the rules for successful investing get started today at index Show dot com Millions of people are investing in the stock market blindly Are you one of them do you feel like your investment plan is a lost cause and too confusing if you answered yes to any of these questions run of the ledger portfolio report card will help you go to e.t.f. Guide dot com and find out if your current investment mix passes or flunks run will help you to a defiant correct any weaknesses in your Ira for a one k. Plan or regular investment account go to e.t.f. Guide dot com to get your free portfolio report card will the s. And p. 500 continue to climb for bold trades on u.s. Large cap stocks in either direction trade s p x l s b u u or s.p.s.s. Directions daily s. And p. 500 bull and bear leveraged e.t.f. Don't miss your next big trade direction leveraged e.t.s. An investor should carefully consider a funds investment objective risks charges and expenses before investing funds prospectus in summary prospectus contain this and other information about direction shares to Taina funds prospectus in summary prospectus 866-476-7523 or visit us at w w w dot direction investments dot com of funds prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders an active investors distributor or side fund services l.l.c. . You're listening to the index investing show with Rondo would you go to index should I come to one role and runs online classes for investors learn how to grow and protect your money. So we know that the under of a diversified portfolio suffers in many ways because of its lack of exposure to all major asset classes that's not just stocks and bonds but also includes commodities real estate as well as cash so under versified portfolios are quite common the other though diversification error that is quite common that I see is something called over diversification which owns too much of the same thing or too much of everything so what would be an example of an over diversified portfolio well let's just simplify this for you so you can understand this let's just suppose for a moment that invest in investor own the Nasdaq $100.00 e.t.f. That's Q Q Q They also on the Dow Jones Industrial Average e.t.f. Ticker symbol d.i.m.a. And then they also own an s. And p. $500.00 e.t.f. Ticker symbol the 000 what's the problem with that type of portfolio Well the problem is they own too much of the same thing because of the fact that all of those e.t.f. . Own much of the same types of stocks they own large cap u.s. Company stocks and so even though the index is themselves are slightly different and there are some variances which you going to see if you look underneath the hood is that the actual companies within the indexes are duplicated inside all 3 benchmarks. For example Apple you're going to see apples olding in Q Q Q It's also holding a d.i.m.a. It's also holding a top holding in as p y v 000 So the point is that. We over diversified in that we own too much of this same thing when we don't properly you know spread our money across the various key asset classes in a logical and meaningful way so what that does the is the risk profile the characteristics of the portfolio obviously change when we over diversified by owning too much at the same thing we've actually had a sense. Defeated the purpose of diversification by just the looting our efforts so the best way than to avoid this problem this issue over diversification is not to own too many of the same types of stocks or the same types of mutual funds or the same types of e.t.f. Inside your portfolio so for example it would make no sense to own 2345 or more large cap us stock funds what's the point what's the point if they all own the same type of stocks. What's the point even if they are actively managed funds managed by different managers. It really doesn't make sense from a strategic perspective and from a portfolio building perspective to to attempt to diversify your portfolio that way because it's not going to work you're going to end up with something called over diversification a quite common mistake and something you should definitely avoid if you're just joining us this is the index investing show I'm your host Rhonda leggy we're talking on today's program about a couple of things things that 1st of all impact your investments in retirement savings beginning with diversification and this is a big one we're talking about some of the pitfalls that are common really made when it comes to diversification mistakes and also I want to talk about a crucial investment document that all investors should absolutely have and and then coming up a little bit later we're going to talk about the protocol for what you should be doing after you receive a portfolio report card so stay tuned for that so continuing this discussion of diversification airs we talked about under diversification we talked about over diversification and now the final area is something called an even diversification so this particular mistake according to my data and I use my data by the portfolio report cards that analyzing graded thus far almost $200000000.00 in portfolios going back to when I began this exercise in 2014 so this is one of the most or I should say this one's the least common diversification error is what we call the even diversification so. How does that work how is this different from the other pitfalls Well a portfolio that owns or holds exposure to all the major asset classes stocks bonds commodities real estate and cash it may seem superficially that it's adequately diversified However let's suppose that the investor is over leveraged or highly concentrated to just one or 2 these major asset classes then it would result in what we call an even diversification and based upon what I've seen and even diversification is most common among investment portfolios that have been have not been periodic Lee or routinely balance So for instance a portfolio that might have started out with a diversified exposure to stocks and those stocks experience a huge run up in price or what's going to happen to that portfolio undoubtedly if that portfolio is not been rebalanced if it hasn't been reallocated to other areas it's going to definitely have a higher exposure to stocks thereby churning the possibility of an even diversification inside the portfolio so how do you avoid this this problem this potential pitfall of an even diversification Well you simply make sure that you regularly and routinely revalue its your investments back to your target or desired asset mix and in this way you could avoid this this pitfall of having uneven diversification so as I teach in my online classes for investors. Having an adequately diversified portfolio it is a wise thing to do it is a noble objective it prevents you from risking your entire nest egg to just are on just one stock or one company or one asset class it also helps you to to have some peace of mind knowing that if one particular area of your investments don't perform that it's not going to nuclear bomb your financial well being so in the end to be properly diversified you're going to need to void these 3 common diversification heirs remember what those were number one the other diversified portfolio number 2 the over diversified portfolio and then them are 3 The evenly diversified portfolio so hopefully this will help you to get your money back on track and keep it there so coming up a little bit later the one document that all investors should absolutely have want to talk to about the protocol for what you should be doing as an investor after you receive Prada ledge portfolio report card we've had the privilege of analyzing and grading all types of investment portfolios big and small from investors that are just getting started from investors that have years and years of experience and the portfolio report card tool that I invented analyzes a portfolio in 5 areas cost. Risk diversification tax efficiency and performance and so after I analyze your portfolio using my system and looking at the cost of looking at diversification looking at Risk taxes and the performance I bring all these things together and then come up with a final grade a b. C. D. Or f. Does the portfolio pass or does it fail that's really what I want to know and so I look at these 5 factors in conjunction with each other and look at them together so that it gives me a real solid assessment of where a person's vast Ment's are at so I want to talk a little bit more about what you should be doing after you get a portfolio report card and help to bring it all together all right alleged This is the index investing show Stay with us a lot more to come be here be no where. Near be a. Period. Interest rates continue to rise for both trades on u.s. Treasuries Now it may be time to take a closer look trade t.m. That for t.m.v. Directions daily 20 plus year bull and bear 3 x. E.t.f. Direction leverage e.t.f. fund services l.l.c. Today's uncertain investment climate requires a strategy that's truly remarkable executable and proven nobody knows this better and no one can teach this better than Rhonda Ledger go to index Show dot com to enroll in runs on line classes with over 25 years in the financial industry runs real world investing experience is what makes him the ideal teacher for people who want to grow and protect their investments go to index Show dot com to enroll in runs on line classes you'll learn how to supersize your investment results with lower fees lower taxes and lower risk do you have an Ira or 4 a one k. Retirement plan good run to lead he will teach you the rules for successful investing get started today at index Show dot com Take Ron's investing classes on your desktop or mobile device achieving your financial goals what happened by accident the good news is that Rhonda levees and Lang classes will give you the required knowledge and discipline for growing and protecting your money get started today at index Show dot com Have you ever met the guy who always bought. The wrong thing at the wrong time how about the gal who whines about all the great investing opportunities she missed the bottom line is the crybabies make lots of excuses but no money at best like an adult make a $1.00 play become a premium member Eddie. Will tell you what to buy what to sell and went to do get started just for a dollar by going to e.t.f. Guy and you know crybabies stop whining and start investing aerospace and defense e.t.f. Soaring for a bold trade in this sector trade directions daily aerospace and defense full 3 x. Shares don't miss your next big trade direction leveraged e.t.f. Investor should carefully consider funds investment objectives risks charges and expenses before investing funds prospectus in summary prospectus contains this and other information about direction shares to obtain a funds prospectus in summary prospectus 664767523 or visit us at w w w Dr rection investments dot com prospectus in summary perspective should be read carefully before investing and investment in the funds is subject to risk including the possible loss of principle the funds are designed to be beautiful only by sophisticated investors such as traders and active investors distributor fund services l.l.c. . It's been said that successful investing is simple but never easy so what's the secret to success what separates the winners from the losers and how can you be a winner the answer is found in the online courses taught by Rhonda allegedly at index Show dot com and roll today and learn how to supersize your investment results with lower fees lower taxes and lower risk Randa lady will teach you the rules for successful investing get started today at index Show dot com. Having the best in question for Ron Call 844-305-7800 or send your questions to show on Twitter. So if you're just joining us we've been talking about the things that really impact your investments and retirement savings on today's show we've been discussing common diversification pitfalls I highlighted some of those earlier in the program so that you could be aware of them and make sure that you avoid some of these common mistakes in your own investments now what I also want to talk to you about is a very crucial document and I've said this many times before that you should not invest a single dime in the stock market or anywhere else without having this document now what is that document 1st of all before I tell you I want to just have you imagine for a moment how Irene a builder a builder to construct you a home now you tell the builder how you want that home to look how you want that home to be designed and you tell them all of your desired features so instead of showing you a blueprint the builder starts construction immediately and then a short time later tells you that your house is completed but wait a minute there's a very big problem the homes final design is nothing like what you imagined beginning with the popcorn ceiling that wasn't part of the plan in popcorn ceiling he Kinney and went out in the seventy's what went wrong because of a mutual failure a failure to communicate by both you and the builder. You didn't finalize the home's design you didn't agree upon those details in writing you don't have a blueprint and as a result the end product the home is a total disaster it's nothing like you imagine that design is completely off Similarly all investors should have a written investment plan in the financial services industry this written document is commonly referred to as an advancement policy statement or i.p.s. That's the acronym Now the purpose of an i.p.s. Is really to define your goals your strategy your final destination so what are some of the basic things that an i.p.s. Will contain what's going to scribe some of the following things it's going to tell you what the chief investment objectives are and what the strategy is going to be to achieve that goal the i.p.s. Is also going to tell you what your portfolios target asset allocation is it's going to tell you the portfolios rebalancing frequency so how often are you retargeting or rebalancing back to your target as it makes that happen annually does it happen. At some other frequency point or those that happened just on an as needed basis so again these are things that you're i.p.s. Is going to describe in great detail it's also going to tell you what your risk tolerance is and what your investment time Arisan is and what your. What your portfolio will own in terms of types of investments in order to achieve its goals it will also tell you what investments are off limits. And so again having a well written i.p.s. That just goes beyond the typical and generic details is very important so. To help you with this one of the things that I've done is I've included a template i.p.s. Inside my online class titled bills grow and protect your money a step by step guide and I think this is really going to help all of us but especially all of us that have been investing without a written i.p.s. This is your template you can use it in your own plan and have it in writing. Financial advisors investment advisors who will typically charge thousands and thousands of dollars for a written investment policy statement here I I've taken my time to give you a template of what you can implement in your own plan and this is especially for those of us that are managing and investing our own money so this i.p.s. Template for my online students from Bill grow and protect your money step by step guide it's going to be right there for you you can go to index Show dot com scroll down on my classes and a role you can get that template i.p.s. Statement and implement it in your own plan. And like I said investment advisors routinely charge thousands of dollars for written investment policy statement not only do you get that i.p.s. When you enroll as a student but you also get access to over $25.00 model e.t.f. Portfolios you get a margin of safety work she get videos and a whole bunch of other great research to help you successfully build and manage your investments 844-305-7800 is a number this is the index investing show and I am your host Rhonda allegedly we are here talking to and teaching you the birds and the bees of successful investing this is what we stand for I'm going to tell you a little bit later to add this to the discussion of what my manifesto is as a investor what I stand for philosophy wise and the whole point here is to help you have a philosophy toward investing that puts you 1st and gets you ahead and keeps you head so stay tuned for that coming up in a little bit now the other thing I want to mention about the written i.p.s. Again that's an acronym for investment policy statement and I've begun incorporating this in the portfolio report card grades that I do investors that send me and submit their portfolios for a grade that do not have an i.p.s. That impacts in a negative way your final score so if you send me a portfolio that you want me to to analyze and grade I'll do that but just know if you do not have a written i.p.s. That that's going to hurt you in terms of your score there are going to be some points taken off or shaved off because of that that very important thing that you've overlooked so that's how crucial having an i.p.s. Is that it actually affects your. Final portfolio report card grade so we want you to always have and always invest with a written i.p.s. And as I explained to you earlier I use that illustration to help you understand this it's like attempting to build a home investing without an i.p.s. It's like attempting to build a home without an architectural boom blueprint I mean who in their right mind would go about constructing an edifice a building without an architectural Blume blueprint it makes no sense anyone building a structure without a blueprint is deluding themselves into falsely believing that the final product will be safe and of high quality there's just no way you can be if you don't have a blueprint and so it's the same exact principle with your investment portfolio you absolutely cannot have a high quality and safe. Output a safe final product a safe investment portfolio executed properly without having it written investment policy statement I just have never seen it ever happen with the report cards that I've done the report cards and the portfolios that don't have an i.p.s. Inevitably have major flaws and shortcomings somewhere within the portfolio so again you can get that i.p.s. Template just go to show dot com enroll in my class titled build grown protect your money step by step guide and you will get a i.p.s. Template that you can use to implement your own plan along with a whole bunch of other great research and videos that will teach you what you need to know and give you the skills to reach your investment and retirement goals coming up next we're going to talk about the protocol for what you should be doing as an investor after you receive that final portfolio report what are some of the steps you should be taking Also Ron village Bana festal for investing going to give you my philosophy very simple very direct and it's going to help you to have your own investment philosophy a philosophy that you can adapt to find your own situation they will all be right back after this short break that no one. Trading is different than investing but the opportunity to take advantage of short term trends is only one if you get the direction right direction leveraged in inverse. Bold trades on u.s. And international stocks and bonds don't miss your next big trade direction leveraged e.t.f. So an investor should carefully consider a fund's investment objective risks charges and expenses before investing funds prospectus in summary prospectus contain this and other information about direction shares to obtain a funds prospectus in summary prospectus 866-476-7523 or visit us at w w w dot direction investments dot com prospectus in summary prospectus should be read carefully before investing and investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services l.l.c. . Crybabies it's a matter this did you wet your pants because of all the investing opportunities you a dollar by going to e.t.f. God. Stop whining and start making money it's been. Said that successful investing is simple but never easy so what's the secret to success what separates the winners from the losers and how can you be a winner the answer is found in the online courses taught by Randall edge me at index Show dot com enroll today and learn how to supersize your investment results with lower fees lower taxes and lower risk brand alleging will teach you the rules for successful investing get started today at index Show dot com Millions of people are investing in the stock market blindly Are you one of them do you feel like your investment plan is a lost cause and too confusing if you answered yes to any of these questions Rhonda ledges portfolio report card will help you go to e.t.f. Guide dot com and find out if your current investment mix passes or francs will help you to identify and correct any weaknesses in your Ira for a one k. Plan a regular investment account go to e.t.f. Guide dot com to get your free portfolio report card. Our emerging markets on the move for both trades on emerging markets stocks in either direction trade e.t.c. Or easy directions daily m.s.c.i. Emerging markets vul and their 3 x. Shares don't miss your next big trade direction leveraged e.t.f. That investor should carefully consider a fund's investment objective wrist charges and expenses before investing funds prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit us at w w w dot direction investments dot com a fund's prospectus and summary prospectus should be read carefully before investing and investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services l.l.c. . Stop investing blindly listen to the index investing show with Rhonda lead you every week on i Tunes and index Show dot com learn how to grow and protect your money. So before we go any further I think it's very good that we take time right now to explain my investing philosophy what I stand for I've told you many many times that my approach to investing can be summed up in just 3 words to build a portfolio of investments to grow that portfolio and then to protect it build grow protect That's my 3 word investment philosophy but beyond that I do have a manifesto and it's at my website in that show dot com And this is really what I stand for and it's something that I need you to understand as a listener of this show I'm a straight shooter number one but also that the things that I talk about are things that you can adopt in your own philosophies and that's really the whole purpose of my manifesto and helping you understand where I'm coming from so one of the 1st things in my manifestos I believe that your investment portfolio should not be a source of anxiety that's the 1st thing I also believe that being a good saver does not automatically make you a good investor there's a difference I also believe that the word risk right after the word love is the most under misunderstood word in human language I believe that people who invest without a margin of safety that's adequate or clinically insane I believe that making money is half the battle keeping it is the other half I believe that target date retirement funds are a great idea for everybody except you and everyone that you know. I believe that the financial media is often more misinformed than the audience I believe that financial regulators like the feathers and I are strange mainly exist for decorative purposes I also believe that 99 percent of all statistics only tell us 49 percent of the story 100 percent the time that's also why you have the show so I can explain the other 51 percent of the story that's not explained in the stats. I believe a credible investment plan with satisfactory results does not require clever software apps it doesn't require expensive advisors It doesn't require an m.b.a. And finally I don't believe in accidental millionaires or accidental billing billionaires and that's really sums up my. Manifesto and what Randall as you stand for so now I want to talk about the protocol for what you should be doing as an investor after you receive the portfolio report card so the report card grading system those of you knew the show is a tool that I invented to help you understand the strengths and weaknesses of your investments that could be a 41 k. It could be a traditional Ira Roth Ira any type of investment account that we've got money committed to it and I can identify very quickly the strengths and weaknesses of your portfolio and I grip the grading categories our cost the diversification the risk the performance and the tax efficiency of the portfolio so so the portfolio report card after it's been delivered you know what we're doing is identifying problem areas where identifying things that may need to be fixed we're also identifying strengths things that you can build upon things that are positive and that's what we want you to emphasize. But aside from identifying strengths and weaknesses within the investment portfolio you also were also trying to help you come to the realization that there may be some problems there may be some areas within the portfolio that require modifications or require changes for example if you tell me listen Ron I am a conservative investor I'm getting close to retirement and need to start dialing down on risk I have a very low risk tolerance and you tell me that that is what you are and that's how you are as an investor and then I look at your portfolio and I I see an investment portfolio that has a very high allocation to volatile assets that could go up but also could go down. Like stocks for example or possibly a high level of exposure to commodities you know that's going to be probably something that I point out to you I'm going to have to say to you listen there's there's some compatibility issues that's a problem and so I'm helping you to not just identify that but I also want you to realize that it's a problem and so the real protocol then after we've done that with the portfolio report card the next steps that you need to take is to fix and to modify that portfolio what's the whole point of identifying. Things that might be right with your portfolio of things that might be wrong and then doing absolutely nothing about it I mean it's a wasted action size when you think about it and so that's that's what I want to hope to motivate you after you receive the port for report to take that next step and to make the adjustments make the necessary changes and to do that I've developed a class and I'm lying class called How to Fix hidden flaws inside your portfolio learn how to not just identify but fix what's wrong with your $41.00 k. Fix what's wrong with your Ira and with your brokerage accounts performance so that's the whole point of that on line class is to help you take that porker that you've received take it to the next step so now that you can receive that report now you can begin to implement some of those changes or as I like to say you can go on to seek and destroy mission really seek and destroy mission eliminating the flaws inside your portfolio learn how to seek and destroy those hidden problems that are plaguing your portfolio I've also gotten class real life case studies of investors with $6.00 and $7.00 figure portfolios I've also got examples of how to cut your portfolios tax liabilities by 20 percent or possibly more. I also have some examples of how to say goodbye things that you can do today to get rid of that overpaid and underperforming financial advisor that you may have hired also how to take immediate steps to reduce brokerage commissions and fees inside your portfolio increase the value of your investment portfolio many times over by just making a few tweaks and then above all a limiting things I and the worry of investment risk because this is one that keeps some of us up at night and it really shouldn't be our investments should not be a source of anxiety so again that particular class goes hand in hand with those of you that have received a written portfolio report card or even just a portfolio report card that we've done on the show you can immediately enroll in that class and then begin to address some of those weaknesses inside your portfolio that is the protocol those are the steps you should be taking after you receive a report card by way of reminder you can pick up our podcast it's available at i Tunes or you can just go to our website and listen right on line on your desktop computer or your mobile device you can go in that show dot com We talked about earlier in the program a very important document that no investor should be investing with out do you remember what that was yet that's called the I p s that's an acronym for investment policy statement and if you don't have a written investment policy statement it's like trying to build a home without a blueprint and it's not going to turn out very well so the i.p.s. Is an important document if you're working with a financial advisor or a professional that's absolutely something they should have done for you and if they haven't then you need to ask them for why her. And give it to you and if you're still not able to get one you can just enroll in my mind classes one class called Bill grown protect your money a step by step guide has a model or template i.p.s. Contained within the class along with a whole bunch of other great resources we got to Mark in a safety worksheet we also have lots of videos and research to help you build an manage your own investment portfolio we also discussed earlier common diversification pitfalls problem areas and things that you need to be aware of so as to make sure that you don't fall into that trap so we talked about under diversification over diversity there is occasion and then an even diversification so we want to avoid those 3 pitfalls and have what we call an adequately diversified portfolio one that perfectly matches who we are as investors and so that that's something that we try to bring to your attention so that does it for another episode of the index investing show be sure to join us again next week will be here same time same station and until we meet again May the market indexes be with you. The opinions expressed in this broadcast are not necessarily that of our advertisers sponsors or broadcast partners the discussion of investing is general and should not be construed as investment advice or an offer to buy or sell securities listeners are responsible for their own investment decisions and results before investing in mutual funds or e.t.s. Always consult a prospectus for risk charges expenses and other information read the prospectus carefully before investing past performance is not indicative of future results no reproduction or discipline of the index investing shows permitted without the expressed written consent of its producer. Are you ready for the advantage concierge advantage the concierge magazine launch is an incredible opportunity for you we're not just another guide who needs another business Guide listing we don't we are the concierge advantage guide keeping you on our global mass platform and taking the concierge advantage to the airwaves locally nationally and globally on am 1220 k. V. O. W. For more information visit small business concierge business. Dr Ford winning chief medical correspondent and Salon pos user Dr Bob are not for pain relief the best solution may surprise you I found that salon pas lie to Kate plus works best for my pain it's powerful available without a prescription and uses to anesthetics to numb nerves right where it hurts it starts to work on contact providing an effect of lasting pain relief I can count on so long pause you tap the radio w o Santos a San Francisco Bay Area's business leader a circus. With this hour in news I am Michael Harrington Lee in Washington Florence is weekend into a tropical depression but things are still bad flash flooding and major river flooding expected to continue over significant portions of the Carolinas National Hurricane Center says it could be catastrophic and then the rains move north as the remnants of Florence make their way into the southern and central Appalachians rivers and streams flowing out of the mountains will also experience modder moderate to major flooding the details of this will become more clear early next week Steve Goldstein of the National Oceanic and Atmospheric Administration talking about tomorrow and Tuesday in Virginia and West Virginia in the bull's eye they're going to get serious flooding President Trump is tweeting his sympathies for the victims of the storm as the death toll rose in the Carolinas the president expressed his condolences on Twitter he wrote deepest sympathies and warmth go out to the families and friends of the victims may God be with them the president who is receiving regular updates on Florence also tweeted his thanks and appreciation for those conducting water rescues in the storm zone White House correspondent Greg clucks then the death toll as of this morning as 14 typhoon man Guk made landfall this morning in southern China is going down Province bringing torrential rains and winds of 100 mph and preparation of the storm hundreds of thousands of people had to get out of the way over 60 people killed in the Philippines by the storm yesterday the death toll in China so far this morning is to Syria is holding its 1st municipal election since 2011 amid tensions within the country's self administered Kurdish region which is not participating polls open early this morning with more than 40000 candidates vying for more than 18000 council seats they have a 1st municipal election since Syria descended into civil war this is this foreign news Pat who are here again and I assure you I have never before indorsed a pain relief product now.