Ep. 9 – Jack Reutemann – How to Manage Your Money When the President Has Coronavirus

The news that President Trump has been diagnosed with COVID-19 has set a lot of change into motion, but what does it mean for your investments?

If you’ve been advised to buy and hold, and now feel unsure if that’s the correct approach for you. Or, if you don’t feel satisfied with your current money management strategy, you aren’t alone.

In this episode, we speak to Jack Reutemann, an experienced financial services advisor and self-proclaimed “financial first responder”, to get his advice on what this latest news could mean for your investment portfolio. Jack also gives his thoughts on the pie chart approach and how active risk management is the key to keeping your financial investments safe.

In this episode, find out:

• Why you should rethink how you’ve been taught to manage your money
• The problem with the pie chart approach 
• The resource that could save you millions of dollars in risk management
• What the ‘mutual fund broker-dealer industrial complex’ is and how it could be affecting your money
• Why risk management is the most important factor in managing your investment portfolio
• The importance of reviewing your investment portfolio for people approaching retirement
• What the stomach test is and why you should take it
• How the president’s pre-election COVID-19 diagnosis could affect our approach to managing money
• Why the next 60 days are crucial for the future of the United States of America
• The three possible scenarios and outcomes of the presidential election
• Why knowing how to take defensive action and mitigate risk is crucial at this moment in time
• How having a process can help you manage and mitigate risk
• How the president’s diagnosis could affect the stimulus package

Tweetable Quotes:

“The older you get, the less risk tolerant you should be” – Jack Reutemann

“We are entering what is going to be possibly the 60 most volatile days in the history of the United States of America since the civil war” – Jack Reutemann

Important Links & Mentions

• Jack Reutemann’s course, No More Pies
• Bill Good’s Marketing System
• Tom Dorsey’s book, Point and Figure Charting

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement.

To access the course, visit POMWealth.net/podcast

To receive our free book, Get Off the Retirement Rollercoaster, leave this podcast a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net