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Sound Financial Group - Bothell, Washington


Podcast Episode 124: Near Misses, Actual Tragedies, & Disciplined Strategies, Part 2

| January 17, 2019
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Episode Summary

Welcome back to part two of the three-part episode on near misses, actual tragedies, and disciplined strategies. In this episode, Paul Adams and Cory Shepherd discuss case studies of real-life financial tragedies they have witnessed throughout the course of their careers. Paul begins with a tragic story of a wealthy man who waited too long to purchase life insurance and the financial devastation it caused his family.

As the focus shifts to traditional investments, Cory recalls a former client who missed a tremendous opportunity to buy shares of Apple during the company’s early stages. The tragedy, however, comes not from the missed opportunity, but from the danger of using speculation to outperform the market in the long-term. Paul also touches on the economic repercussions that occur from political influence. He speaks to the cyclical issues he sees with clients every four to eight years when a new president is elected.

Finally, Paul and Cory take a deep dive into the investment strategy behind first deed trusts. In this less-common form of real estate investing, they have seen clients fail to diversify their portfolio of assets and suffer the tragic consequences when the real estate market suffered.

What Was Covered

  • 01:08 – Today’s topic: Actual Tragedies
  • 03:02 – The Life Insurance Tragedy
  • 06:40 – The inherent contradictions of life insurance
  • 08:26 – The Apple Investor Tragedy
  • 10:12 – Paul and Cory break down and analyze Apple’s stock history
  • 12:43 – Why using speculation to outperform the future market is risky
  • 15:57 – The New President Tragedy
  • 19:23 – Paul poses a thought experiment about stock market strategy
  • 20:40 – Cory questions the practicality of consistently exiting and reentering the market
  • 22:30 – Defining first trust deed lending
  • 25:21 – The First Trust Deed Tragedy
  • 28:32 – Paul invites the audience to listen to an older episode of the podcast
  • 30:13 – Paul announces a giveaway of their feature book, Clockwork: Design Your Business to Run Itself
  • 31:09 – Paul reads a five-star review left on the podcast



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Clockwork: Design Your Business to Run Itself

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