Rebecca Hotsko chats with Dave Alison. In this episode, they discuss how to create a financial plan using Dave’s “Bucket Plan” method, what the three phases in his bucket plan are, how to use the “Bucket Plan” method to help you allocate your investments and rebalance your portfolio, Dave’s tips on how to protect your portfolio against periods of rising interest rates and recessions, how to allocate your investments between accounts in the most tax optimal way, how to determine when it’s time to sell some of your winners, and so much more!
Dave Alison, CFP®, EA, BPC, is a financial planner and entrepreneur and is the lead trainer and a founding partner of Clarity 2 Prosperity where Dave serves as a mentor and coach to thousands of financial advisors nationwide. He has developed numerous holistic financial planning training and is the creator of The Tax Management Journey℠. Dave’s ability to engineer advanced financial, tax, investment, insurance, and estate planning needs into one holistic plan also led him to found Alison Wealth Management, which serves clients virtually across the U.S. Dave is also a member of the Financial Planning Association®.
IN THIS EPISODE, YOU’LL LEARN: 00:00:00 - Intro 00:00:37 - How to create a financial plan using Dave’s “The Bucket Plan” method 00:25:00 - Dave’s advice on how to avoid common investing mistakes during a recession 00:32:44 - How to allocate your investments in the most tax-optimal way 00:36:49 - What a money cycle is and the role it plays in your investment plan 00:40:26 - What a pyramid of risk is, and how it can be used to help inform your investment decisions 00:48:24 - How to determine when it's time to sell some of our winners 00:50:48 - How to use the Bucket Plan to help you rebalance your portfolio 00:54:06 - Dave’s advice on how to allocate your assets between investment accounts in the most optimal way 01:00:10 - How to protect your portfolios against periods of rising interest rates and recessions
On Millennial investing, we interview top investors, experts, and successful entrepreneurs such as Kevin O’Leary, JL Collins, Jesse Itzler, and more to guide you on your investing journey.
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WHO I AM: I’m Rebecca Hotsko, an investor and entrepreneur 💼 based in Canada; co-founder of a luxury boat ⛵ sharing club in Kelowna, British Columbia. I graduated from the University of Saskatchewan with a bachelor’s degree 🎓 in Economics and completed CFA levels I and II. I gained valuable experience working as an analyst for the Bank of Canada 🏦, the federal energy regulator, and in investment management. My passion for teaching others how to invest using time-tested strategies backed by empirical data led me to create an investing blog 💻 in 2020.
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