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PODCAST

Ed LeMasters On Managing Your Money During Challenging Times (#005)

"When your business gets stressed, everything becomes clear." - Ed LeMasters

"Panic is not an investment strategy" - Ed LeMasters

Ed LeMasters has almost four decades of experience as a Wealth Advisor. Ed manages over $500 million on behalf of his clients. With a focus on business owners, Ed manages their money while they grow their business and after the sale. Ed's focus is building a bulletproof portfolio for his clients.

Is it possible to have a bulletproof portfolio?

You know, a portfolio that thrives in good times and protects your money in challenging times.

Is a bulletproof portfolio something too good to be true?

Enter Ed LeMasters who is our guest on today's episode.

Ed shares the strategies he's leveraged for almost four decades.

SHOW NOTES

  • Panic is not an investment strategy
  • The 2008 financial crisis caused market values to revert back to 1996 values
  • The COVID-19 pandemic caused market values to revert back to values from late 2018
  • This financial crisis will likely take two years for values to return to market high
  • Two questions to ask a financial advisor:
  • Not including your team, how much money do you manage yourself?
  • How many clients do you serve?
  • What to watch out for in a financial advisor:
  • Works with too many people
  • Does not manage a significant amount of money on his/her own
  • When selecting a financial advisor, pick someone you can work with for the long-term
  • Strategies to thrive in good times or challenging times:
  • When buying assets, buy quality
  • Develop an investing thesis, update it and adapt, but stay with it
  • Create a plan with measurable goals
  • Develop a long-term focus
  • The dangers business owners face managing their money because of their Type-A personality
  • Market are an emotional barometer in the short-term and calculator in the long-term
  • A market can crash when it trades above 18 times the current year number
  • Create a plan before you start to invest and review the plan on a regular basis

This podcast is brought to you by Deep Wealth. Are you a business owner who is wondering how to grow your business, sell it, or both? Perhaps you're wondering how to make your business pandemic-proof? Learn how the strategies to grow and extract the deep wealth from your business.

Enjoy the interview!

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This podcast is brought to you by Deep Wealth. Are you thinking about selling your business? You have once chance to get it right and you better make it count. Learn how the Deep Wealth experience helps maximize company value before you sell. Master the same exit strategies we used to increase our company value 10X with our 9-figure exit.

wealth management
Leadership in Challenging Times
investing
Pandemic
COVID-19
sell my business
Exit
wealth
family office