Defining Your Portfolio
The discussion revolves around how to define a portfolio, particularly when considering various asset classes and their liquidity. It’s emphasized that retirement accounts should generally be viewed as illiquid, which aids in setting appropriate time horizons for investments. The conversation also touches on the psychological aspect of mental accounting and how understanding the distinction between liquid and illiquid assets can influence financial planning.In this clip
From this podcast
Animal Spirits Podcast
Listener Mailbag (EP.206)
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