Three Pillars of Investing You Can't Ignore

Successful investing boils down to choosing the right investments.

But that requires a lot of work... and sometimes even more patience.

I've always believed that there are three pillars to investing – money management, portfolio management, and risk management. And when you successfully accomplish all three, you and your client can sleep much better at night.

So on today's episode of Making Money With Matt McCall, I welcome back Austin Root and pick his brain on the investing process. He's the chief investment officer at Stansberry Asset Management, and he previously was Stansberry Research's director of research.

Austin fills us in on his big-picture view of the market and the rally we've seen so far this year.

Then, we dive into how best to implement the three pillars I mentioned earlier.

Knowing how to pick your stocks is important. But it's as equally important to invest with a plan...

Austin explains that investors should always consider things like how to manage risk, how much of a certain stock to buy, and how best to diversify a portfolio. This gives you the best chances of reaching your goals and making money over time.

No matter how comfortable you are with your investments today, it never hurts to get a few pointers from someone who manages money professionally.

Austin also fills us in on what he's watching in the market.

He highlights some of the hot trends he likes today and what sectors he's paying closest attention to. Plus, he explains his process for finding the next big winners.

This is a great refresher course on the basics of investing that you don't want to miss.

Click here to watch today's episode of Making Money With Matt McCall now.

Here's to the future,

Matt McCall
Editor, Daily Insight
August 17, 2023