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Collin Plume

๐Ÿ‘ค Speaker
756 total appearances

Appearances Over Time

Podcast Appearances

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

You can see the late 70s, early 80s is a perfect example when inflation was in the 14 to 16% range and gold was keeping up with that and outperforming those numbers.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

You can see the late 70s, early 80s is a perfect example when inflation was in the 14 to 16% range and gold was keeping up with that and outperforming those numbers.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

That's another reason that a lot of people are diversifying. And that's a big part of my philosophy, Vince, is keeping your options open in terms of investment and also being willing to learn about different investments. That's the thing that will really separate people today and for the next 20, 30 years is not being stuck on some of the old ideas.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

That's another reason that a lot of people are diversifying. And that's a big part of my philosophy, Vince, is keeping your options open in terms of investment and also being willing to learn about different investments. That's the thing that will really separate people today and for the next 20, 30 years is not being stuck on some of the old ideas.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

If you look at the S&P 500, if you go back 20, 30, 40 years ago, many of those companies are no longer in business. So the idea that you should just stay into one stock or stay into one area in terms of investment forever is really not a smart strategy. The idea is being diversified in different investments so that you're protected.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

If you look at the S&P 500, if you go back 20, 30, 40 years ago, many of those companies are no longer in business. So the idea that you should just stay into one stock or stay into one area in terms of investment forever is really not a smart strategy. The idea is being diversified in different investments so that you're protected.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And I'll tell you, a lot of my clients that I had when I was in commercial real estate Many of them bought gold and silver from me. And I had conversations with them over the last few years that said that they were so happy that they diversified out of real estate because real estate has been so difficult over the last few years. And I don't think it's going to get better.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And I'll tell you, a lot of my clients that I had when I was in commercial real estate Many of them bought gold and silver from me. And I had conversations with them over the last few years that said that they were so happy that they diversified out of real estate because real estate has been so difficult over the last few years. And I don't think it's going to get better.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

any better i still think real estate is going to have significant issues and so if you have all your funds and just real estate just rental properties just whatever it is in real estate and you go through a down period and we've been in a two and a half year down period in real estate then you could really jeopardize that comfortable retirement if you don't have other assets to pull from

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

any better i still think real estate is going to have significant issues and so if you have all your funds and just real estate just rental properties just whatever it is in real estate and you go through a down period and we've been in a two and a half year down period in real estate then you could really jeopardize that comfortable retirement if you don't have other assets to pull from

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And so that's a big part of my philosophy is I do own real estate. I do own lots of gold and silver. I do own some stocks. It's important to be diversified. And I'm even diversified into buying additional businesses because I do want to be more diversified. And I think that owning good quality businesses and building them up is another way to have an income stream.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And so that's a big part of my philosophy is I do own real estate. I do own lots of gold and silver. I do own some stocks. It's important to be diversified. And I'm even diversified into buying additional businesses because I do want to be more diversified. And I think that owning good quality businesses and building them up is another way to have an income stream.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And so I do exactly what I tell people to do and I am diversified. And that makes me feel more comfortable is not having all my eggs in one basket. And I think that's the thing that I would say to people is the most important is be willing to learn about a new investment or a new strategy every year, whether you decide to do it or not is up to you. But I think being willing to learn about it

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And so I do exactly what I tell people to do and I am diversified. And that makes me feel more comfortable is not having all my eggs in one basket. And I think that's the thing that I would say to people is the most important is be willing to learn about a new investment or a new strategy every year, whether you decide to do it or not is up to you. But I think being willing to learn about it

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

is important. It will help you and it'll keep you sharp. And I think the idea that you can just rely on a financial advisor or a stockbroker to make all the decisions for you is not a way for success. I think that they have a very specific job. They have certain items that they can put you into or sell you into.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

is important. It will help you and it'll keep you sharp. And I think the idea that you can just rely on a financial advisor or a stockbroker to make all the decisions for you is not a way for success. I think that they have a very specific job. They have certain items that they can put you into or sell you into.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And if you only rely on them, you could be missing out on some tremendous opportunities in other investments that are out there. And so the goal I think today, and this is the thing I tell people about gold and silver, the great thing about owning gold and silver is that you are in control of it. You're the boss. The downside to owning gold and silver is that you're the boss.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And if you only rely on them, you could be missing out on some tremendous opportunities in other investments that are out there. And so the goal I think today, and this is the thing I tell people about gold and silver, the great thing about owning gold and silver is that you are in control of it. You're the boss. The downside to owning gold and silver is that you're the boss.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

So you're the boss of both sides. And for some people, that's what they want. And for other people, they're afraid of it. But I think ultimately when you're talking about your future and your finances and all the things that you've worked so hard for, Ultimately, you do want to be the boss and you want to dictate your future yourself and be in charge of it.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

So you're the boss of both sides. And for some people, that's what they want. And for other people, they're afraid of it. But I think ultimately when you're talking about your future and your finances and all the things that you've worked so hard for, Ultimately, you do want to be the boss and you want to dictate your future yourself and be in charge of it.