Portfolio Playbooks: How the Greats Invest Their Money

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Money Rehab with Nicole Lapin 14 min 1 speaker 2 chapters transcribed
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Why is Public my favorite brokerage for bonds?

Nicole Lappin 0:00
It's me talking about public again, obviously. Are you surprised? It is my favorite brokerage after all. By now you know Public is the only place I personally buy bonds. If you haven't heard my spiel, in the olden days, I would buy treasuries through the government website and it would always take forever. And also the branding was horrible. It kind of looked like the Toys R Us website back in the day. But with Public, it's simple and easy to invest in treasuries right from your phone. There are literally thousands of bonds to choose from on Public, not just government bonds, corporate bonds too. You can use Public for more than just your bond investments, of course. On public, you can invest in stocks, ETFs, options, crypto, and they even have a high yield cash account where you can earn 4.1% APY on your cash. And there's an exciting new offering on public that I cannot wait to tell you about. Now you can invest toward your future self through retirement accounts. On public, you can open a traditional IRA or a Roth IRA or both. I mean, why not?
Nicole Lappin 0:56
If you're looking for a simple yet sophisticated investing experience, head over to public.com slash money rehab. One more time because trust you will thank me later. Public.com slash money rehab. This is a paid endorsement for public investing. Full disclosures and conditions can be found in the podcast description. You have probably heard me call myself the fee police because I hate, hate, hate fees. It makes it really hard to stay on budget, which then can delay our financial progress. When we're trying to make progress, life's curve balls often feel like taking one step forward and two steps back. A time checking account makes financial progress easier with features like no maintenance fees and fee free overdraft up to 200 bucks or getting paid up to two days early with direct deposit. Learn more at Chime.com slash MNN. When you go to Chime.com slash MNN, you'll see all the reasons I love Chime. Like, did you hear me say that Chime allows you to overdraft up to $200 with no fees?
Nicole Lappin 1:51
Chime also has no monthly fees or maintenance fees. And Chime has over 50,000 fee-free ATMs. So as the fee police myself, I approve. Make progress toward a better financial future with Chime. Open your account in just two minutes at Chime.com slash MNN. That's Chime.com slash MNN as in Money News Network. Chime feels like progress. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. Well, my fifth book, The Money School, launches today. Yay. As you know, if you've listened to yesterday's episode, my latest book is all about proven investing strategies to grow wealth. And so to celebrate this week, I'm sharing some of those investing strategies here on the pod. In picking the first topic from my book, I landed on asset allocation pretty quickly because I think this is the cheat code we need right now. You may have seen the news last week that the consumer confidence index fell by seven points this month, making it the largest drop since August of 2021.
Nicole Lappin 3:19
Translation to that, people are getting nervous about a potential recession. And here's the thing, you don't have to panic just because the economy is. Even if you're skeptical about the macro economy, you can create confidence in your own little micro economy by taking the reins of your own investments. So today I'm going to show you four asset allocation strategies designed to help you weather any financial environment. In other words, recipes for a portfolio that provides growth in good economic times and stability in tough economic times. Number one, the permanent portfolio. This is the brainchild of Harry Brown, politician and investment advisor in the 80s. The permanent portfolio is structured to withstand economic ups and downs by diversifying across four distinct asset classes. 25% in stocks for growth, 25% in long-term government bonds for stability, 25% in cash for quick moves, and 25% in precious metals like gold as a hedge against inflation. This allocation is prepared for anything, no matter what the economic conditions are.

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