Top Investment Mistakes You Could Be Making with Ariel Ward

This week I sat down with one of Workable Wealth’s very own
Financial Planners, Ariel Ward, CFP.


Ariel Ward, CFP joined Workable Wealth in 2018 as a Financial
Planner. She has 10 years of experience in the field of personal
financial services and in helping clients develop financial
clarity. She is passionate about helping professionals in their
20s-40s understand their financial lives and make better
decisions with their money.


Ariel is married to a pilot and spends as much time as possible
exploring the US with her husband and 2 children. She enjoys
working with clients in the aviation industry to make the most of
their employee benefits and map out a plan for personal financial
strength. She is a member of NAPFA, the XY Planning Network and
the Financial Planners Association.


Ariel works virtually out of Charlotte, NC. She enjoys North
Carolina’s mountains, beaches and everything in between. In her
free time you can catch her walking to one of Charlotte’s
excellent breweries, playing Scrabble or building Lego houses
with her kids.


HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:


How Ariel came to join the Workable Wealth team

Ariel’s experience as a Financial Planner and what she brings
to the team

Investment mistakes Workable Wealth has seen with clients
that we want to help you avoid

How expense ratios effect your investment

The expense ratios Workable Wealth likes to target

Why too much cash on hand can be a weakness

The risk of holding too much cash

The best way to avoid concentration risk

The two industry sectors people focus a lot of their
allocations on

The explanation of diversification through the use of boats
in a bay

The risk of having too many accounts spread across multiple
brokerages

A few account consolidation tricks that could benefit your
investment accounts

Why the lack of clarity around your portfolio can be costly

An explanation of short and long term gains

When and how much taxes you would be paying on gains

How to capitalize on losses from year to year

An important reason to be participating in your company’s
401K plan

The reason for contributing to a 401K plan over a whole life
policy



LINKS WE MENTIONED ON THE SHOW:


MorningStar

What to do if you’re sitting on too much cash blog post

Work Your Wealth: 9 Steps to Making Smarter Choices With Your
Money

The Cost of Waiting blog post

No You Don’t Need Universal Life Insurance blog post