\u201cHow balanced is your life portfolio? If one area of your life were to not work out, how vulnerable would you be? When is the last time you rebalanced your life's portfolio?\xa0When have you last expanded your life portfolio?\u201d\nDr. Brett Steenbarger is a trained psychologist, trading coach, author and blogger at TraderFeed. Tadas got Dr. Brett on the phone to talk about a recent post of his entitled \u201cWhy Diversification Works in Life and Markets\u201d where he discusses the importance of having a diversified life portfolio to offset some of life\u2019s inevitable ups and downs.\nYou can read more about Dr. Brett at his blog TraderFeed and Forbes:\nhttps://www.forbes.com/sites/brettsteenbarger/2019/05/27/why-diversification-works-in-life-and-markets/\nEnable our Alexa skill here - "Alexa, play the Compound show!"\nhttps://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ\nTalk to us about your portfolio or financial plan here:\nhttps://ritholtzwealth.com/\nObviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer if you seriously need this spelled out for you.\nhttps://thereformedbroker.com/terms-and-conditions/\n Hosted on Acast. See acast.com/privacy for more information.\nLearn more about your ad choices. Visit megaphone.fm/adchoices