Show Us Your Portfolio: Jared Dillian

In this episode of Show Us Your Portfolio, Jared Dillian, author of the investment newsletter The Daily Dirt Nap and the book "No Worries: How to Live a Stress-Free Financial Life," discusses his personal investing philosophy and portfolio. Dillian advocates for a diversified approach that includes stocks, bonds, cash, gold, and real estate, which he calls the "Awesome Portfolio." He emphasizes the importance of avoiding catastrophic losses and focusing on big financial decisions like buying a house. Dillian also shares his views on debt, leaving money to children, and the role of an emergency fund in managing financial stress.
00:00 - Introduction
01:35 - Jared's book "No Worries: How to Live a Stress-Free Financial Life"
03:00 - Jared's long-term investment goals and objectives
05:30 - Keeping finances separate in a relationship
07:45 - Jared's thoughts on debt and paying interest
10:15 - Focusing on big financial decisions vs. small expenses
13:00 - Jared's personal investment portfolio and the "Awesome Portfolio"
16:30 - Emergency funds and the "sick pet fund"
18:30 - Increasing income vs. cutting expenses
20:45 - Balancing making money with doing something you love
22:00 - Jared's thoughts on the traditional retirement portfolio (stocks and bonds)
24:30 - Components of the "Awesome Portfolio"
27:00 - Index investing vs. active management
29:30 - Considering your house as part of your investment portfolio
31:45 - Jared's approach to opportunistic investing outside the "Awesome Portfolio"
33:30 - Looking different from the market and managing FOMO
35:30 - Jared's views on alternative investments and crypto
37:45 - Thoughts on leaving money to children
39:30 - Jared's biggest investing mistake and lessons learned
41:45 - Investing in things that bring joy, even if they aren't the best financial decision
43:30 - Main takeaway from Jared's book "No Worries"
44:45 - Avoiding catastrophic losses in investing
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[@LupeBaptista]

My $2m retirement account has gone up only by 2% in the past year due to rebalancing I did out of panic and doubt. My question is , what are best alternatives to take in other to secure a comfortable retirement? I don’t want to fail after 22 years of working hard.

[@valentinaarrelaro]

at a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions

[@brooms4142]

@ATscott this is huge! been looking at expertise assistance but kind of relaxed about it... could you please share basic info of your advsor, if you dont mind me asking?

[@HepCatJack]

I think that what's missed about the coffee example, is that a person can make their coffee at home for 20 cents a cup instead of purchasing it for 4 dollars a cup. So a person still enjoys their coffee but does not lose the joy of enjoying it just most of the cost of that pleasure. There are jugs of ready made gourmet coffee that contain 1.5 quarts that can be purchased for 8 bucks. There's a book called the "Compound Effect" on how small changes done over time have a huge effect from walking, taking dance lessons or cutting down on sugar.

[@HepCatJack]

The House can be tapped for cash using a margin account but it doesn't put money in a person's pocket (unless they rent out a portion of it) a house add costs. A person could live in a home that's as modest as possible and have the rest of their real estate exposure in REITS which do produce a significant cashflow. This helps to diversify the real estate allocation geographically. A REIT can also be held in a tax sheltered or tax differed account. Buffett uses insurance float and Coke dividends to invest in compounders. REITS and dividends can provide this kind of money flow to deploy.