Fearless Money Talks
Tired of money being a taboo topic? Welcome to Fearless Money Talks, featuring Halbert Hargrove's Co-Chief Investment Officer, Brian M. Spinelli, CFP®, AIF®, and Managing Director of Growth and Client Experience, Kelli Kiemle, AIF®.
Get ready for candid, fear-free discussions on helping your money work for you, navigating market ups and downs, and planning for your retirement.
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Fearless Money Talks
25. 3 DIY Investing Mistakes
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Doing it yourself can be a great way to build wealth. In fact, many DIY investors have done exactly that. But success can also create new challenges that aren't always obvious until years later.
In this season finale of Fearless Money Talks, Brian and Kelli walk through some of the most common mistakes they see when self-directed investors eventually seek professional advice. The conversation covers why taxes shouldn't dictate your investment strategy, how years of strong market returns can quietly leave a portfolio carrying more risk than intended, and why diversification isn't a one-time decision but something that should evolve alongside your life.
Brian also explains why risk isn't simply about taking too much of it. Sometimes a bigger mistake can be taking too little. The discussion explores how inflation can quietly erode purchasing power, why staying in cash can become its own long-term risk, and how past market downturns continue to shape investor behavior years after they've recovered.
The episode wraps up with an often-overlooked topic: concentration risk. Whether it's years of accumulated company stock, an overreliance on one asset class, or simply letting a winning investment grow unchecked, concentration can expose investors to unnecessary risk just when they're approaching retirement or beginning to rely on their portfolio for income.
It's a practical conversation for anyone managing their own investments, offering perspective on how investment strategies should adapt as markets change, life changes, and financial goals evolve.
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