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I come across a lot of people that implement strategies from investors they admire. Much too often, these strategies are constructed without understanding the context or reasoning behind the strategy. This misunderstanding often leads to disappointment, as the outcomes don\\u2019t always meet the investor\\u2019s expectations.

You have goals, and these are often unique goals. These goals revolve around what\\u2019s important to you. Your financial situation is unique, and that uniqueness should be understood and reflected in your financial plan and your portfolio. Some billionaire sharing a soundbite in passing doesn\\u2019t know you, your goals, or what\\u2019s important to you. Mimicking their approach is about as silly as me trying to emulate Steph Curry on the basketball court.

Opinions are just the tip of the iceberg. Just like our discussion today on annuities, you have to peel away the layers to understand the basis for these opinions. Then you take those first principles you derive from this process and use that reasoning or those objectives to craft a solution most fitting to your situation.

It\\u2019s not easy, but that\\u2019s the fun part. The journey is never over\\u2026

Links mentioned in this episode:

• http://thoughtsonmoney.com
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• http://thebahnsengroup.com
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