Building Wealth, Abundance & Resilience with Chad Coe of Coe Financial Group 4-18-25
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Who is Chad Coe and what is Coe Financial Group?
Thanks, Scott. So, you know, about 27 years ago I founded CoFinancial Group, a money management and a financial planning firm that now resides in Northbrook with three advisors that work with me and some staff to help make sure that my clients, my relationships can retire comfortably and stay comfortably retired. So my main focus is CoFinancial Group. And talk to us about CoFinancial Group. Tell us a little bit about the trends you're watching in financial planning. Are people sort of able to manage through the recent market chaos? How much does the phone ring? How much of your time is spent almost just counseling people through the challenges? Talk a little bit about what happens during market turmoil.
What are the current trends in financial planning and investor behavior?
Well, if you look back the last three or four years, you could see a trend line of everybody wanting to be able to manage the money themselves. They can't get out of their own way. And the markets were going straight up. Und es gab Gespräche darüber, dass der Markt nicht direkt hochgehen kann. Es muss etwas zurückgehen, etwas verändern oder einige Änderungen in den Märkten. Und als wir nun begonnen haben zu sehen, dass mit Tarifen und anderen ökonomischen Einflüssen, es sieht so aus, als würden die Leute jetzt mehr engagiert werden. People want to take more control. And I'm hearing from a lot of people that they want to become more defensive. So I think in summary, people are taking the time to get more involved in their portfolio.
They're deciding what their risk factor or risk tolerance really is. And then they're reaching out to, as an example, me as a financial advisor, or they're reaching out to the 800 numbers that are out there, asking them for help or guidance as to what to do.
How do market cycles affect investor psychology and behavior?
As far as the phone ringing off the hook, believe it or not, when you work with a financial advisor, I think those kind of clients seem to be a little bit more relaxed about their life and portfolio, different than do-it-yourselfers that are looking at the market 24 hours a day or looking at the news. Right. People that have been through this for several years or that are older have seen the ups and downs and probably breathe a little bit better. Wie wichtig ist es, dass jemand, der seine Allokation richtig hat, einen Notfallfonds hat, damit sie diesen Art von Verlust durchführen können, ohne zu viel zu paniken? Und wie oft kriegst du Leute, die nicht wirklich auf ihre Allokation gearbeitet haben und vielleicht nur hochwertig auf die Quote warten, aber dann einen schwierigen Zeitraum haben, durch den Marktverlust zu verfolgen?
Ich denke, viele Leute, wie zum Beispiel die Do-it-yourselfers, haben eine Tendenz, sich nicht zu diversifizieren. Sie haben eine Tendenz, fünf oder zehn Technologiestocken zu wählen und ihr Geld darauf zu werfen, ist das, was ich höre. Wenn du mit einem Profi arbeitest oder dir die Zeit nimmst, dich über die Vergrößerung im Markt zu erledigen, gibt es alle Profis, die darüber sprechen, dass diversifizierte Portfolios der Weg sind. In my world, my clients have diversified portfolios. In other worlds, or technology-based worlds, like the robo-advisors, many times it's just dedicated to large caps or technology stocks.
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Chapters
8 chapters
1
Who is Chad Coe and what is Coe Financial Group?
0:53–1:41
2
What are the current trends in financial planning and investor behavior?
1:41–2:43
3
How do market cycles affect investor psychology and behavior?
2:43–5:08
4
Why is portfolio diversification important according to Chad Coe?
5:08–6:38
5
What mistakes do do-it-yourself investors often make in the market?
6:38–7:55
6
How do clients typically react to market volatility differently than DIY investors?
7:55–9:40
7
What is Chad Coe’s view on long-term investing and index funds?
9:40–12:42
8
How does lifestyle and spending habits influence one's ability to build wealth?
12:42–15:29
Speakers
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