How to Build Your Perfect Portfolio With Peter Lazaroff (Plus Who Gets Your Life Insurance) SB1918

Most portfolios are built for nobody in particular. Peter Lazaroff, chief investment officer at PlanCorp and author of The Perfect Portfolio, tells Joe Saul-Sehy and OG why the right mix starts with your goals, not a list of funds. He also shares a four-question filter for deciding what earns a spot in your portfolio. Then a listener asks who to name on life insurance for his kids, and the panel disagrees sharply with the advice he got from his agent.Veterans Day Giveaway Enter by Friday, Nov 6 at stackingbenjamins.com/veterans for a chance to win a Solo Stove, drawn on Veterans Day. Veterans and active duty service members get three entries, and everyone else gets one. If you already get the 201, you can still enter.What You’ll Walk Away WithWhy “perfect” is personal, and what a steak dinner on paper plates has to do with itThe sign that a portfolio was built for nobody in particularWhy your first stated goal is rarely your real oneHow to tell discomfort from danger when markets dropWhy owning a loser in your portfolio means you are diversifiedThe four questions that decide whether an investment earns a seatA quick round of “Does It Earn a Seat?” with international stocks, AI stocks, and bondsWhat belongs on a one-page investment policy statement, and why rules matter most when everything looks brokenWhy naming a guardian on life insurance and hoping the money reaches the kids can go wrongWhat a court does with money left to a minor, and how a trust changes thatWhy This Matters Now Financial news is built to make you react, and most investing success comes from avoiding mistakes. Year-end is a natural time to write the one-page plan you will follow when markets get loud. If you have kids, it is also a good time to check who is named on your beneficiary forms. The estate discussion is general education, and an estate attorney can set up the specifics for your situation.From the Basement Doug’s trivia asks what “alpha” means in finance, after he makes his case for being the alpha of the basement because he controls the trivia microphone and the thermostat. Joe Saul-Sehy and OG compare notes on how warm mom likes the house. Doug also gives the Bay Area another reason to write in with “San Fran.”Resources MentionedVeterans Day giveaway: enter to win a Solo StoveThe Perfect Portfolio: A Proven Guide to Smart Investing for Long-Term Success: Peter Lazaroff’s book from Harriman HouseThe Long Term Investor podcast: Peter’s showPeter Lazaroff at PlanCorp: his bio