20014 is In - 2013 is Out - The Wealth DNA radio show is dedicated to helping you increase your wealth, as well as educating savers & investors. As we turn the calendar to a new year, it is a perfect time to reflect on the past, and plan for the future. All successful companies revise their plans and budgets annually, and successful investors do the same. How did your portfolio perform in 2013? What changes should you make for 2014? One of the biggest mistakes novice investors make is to chase performance, and buy the sectors and assets that performed well, and sell what did poorly. Very often that's the worst thing to do. Others readjust their holdings to return to their target asset allocation, thus they sell the winners, and buy more of the losers. Is that ridiculous or logical?
We'll have H.L. "Buster" Quist, a.k.a. the Myth Buster, author, and Investment Advisor Representative at Dynamic Wealth Advisors, back as our special guest. He's studied past boom and bust cycles and successfully predicted all the recent ones. We'll ask him to reflect on what worked and what surprises he had in 2013. H.J. Quist will also share his insights on the trends we should take advantage of and which to avoid in 2014. Bonds declined dramatically, is it time to buy more? Stocks had an exceptional year, will that continue or should we sell on the way up? The US Federal Reserve is slowing the US$ printing press, what does that tell us to do?
For the answers to these and many more questions grab a cup of coffee, or glass of wine and join in the conversation …