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Do you use the F word with your financial advisor?

A significant piece of news regarding Merrill Lynch’s advisor compensation plan came to my attention this week. Let me tell you it frustrated the heck out of me. It reminds me that everyone needs to be using the F word when they talk with their financial advisor. Why because the F word is what drives a successful client/advisor relationship. If you don’t use it you’re too likely to be taken advantage of. In this week’s podcast we’re talking about this recent news, what it means for your nest egg, what the F word in finance is and why using it with your financial advisor should be a top priority. Listen to the podcast and see if you need to clean up your language when you talk with your advisor.
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Categories: Personal Finance and Strategy.

The markets decline 57% (true story) how prepared are you?

Ten years ago this past October 9th marked the stock market high, to that point, before the housing recession-led crash of 2008 and 2009. From that point, for the next seventeen months the markets declined as much as 57% — the single biggest decline in the markets since the 1929 crash. This week’s podcast is about the questions you need to ask yourself when faced with such a market environment. Do I have a strategy in place for severe bear markets? How do I know what the right decision is in the face of such a situation? How do I avoid acting with “panic” when others are doing so, and instead use rational decision making? These questions and several more are what I focus on today. As you’ll see from the data I share, the results of proper decision making are a dramatic shift in your overall wealth. Please click
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Categories: Markets and Strategy.

How will you react to the next Black Monday?

Every October we remember the great crash of 1987 known as Black Monday. It’s a “haunting” memory for a “haunting” month. How did you handle Black Monday? What was your response as an investor? Or are you even old enough to remember it? In this week’s podcast, we revisit that fateful day in 1987 and discuss the behavior of the average investor versus the wise investor. The different is stark! If you behaved as many people, you likely saw a significant decrease in your net worth for some time. And here’s the kicker: the right choice was completely counter-intuitive. Let’s talk about thirty years ago and what we should learn from the lessons of Black Monday. May it lead to more treats for you and fewer market tricks. Click below to listen:
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Categories: Markets and Strategy.

Your 401K Might Be Costing You A Lot

In past podcasts you’ve seen I’m a big fan of simple, straightforward ways to add substantial wealth to your portfolio. Well today I’m giving you another very accessible but often missed method for building your wealth. It’s a little known loophole for 401ks, called in-service distrubitions, that was created as a result of the 2008 financial crisis. If you have a 401k of any size you’ll find this information on in-service distributions extremely useful as you put together your financial plan. If the right choice isn’t made on a 401k at the right time, it could cost you a lot. Listen below and let’s save you some money.
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Categories: Personal Finance and Strategy.

What I relearned when a thirty-two trade win streak came to an end.

What did I learn from the first losing options trade after a nine month streak of thirty-two profitable trades? This is one of the single most important lessons any investor can learn. And I’m reminded of it every time I defy this principle. Listen to this week’s podcast and hear the story about what I relearned from the experience when my thirty-two trade streak came to a halt.
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Categories: Personal Finance and Strategy.

How Do You Compare To The Average American? Surprised At This.

CNBC recently ran a survey the call the “All America Survey” in which they go out and survey Americans across all income levels and backgrounds. They try to get a pulse on what the average American thinks about the markets, investing and other financial topics. I found it quite insightful to see what the “average American” is thinking right now. How good an investment environment are we in? What are the best investments available today? How stocks compare to bonds or real estate to gold. You have to compare yourself to this crowd for one great reason: it will tell you a lot about your investment savvy. And let me tell you, the “average American”, at least according to this survey, is not terribly savvy. Today’s podcast dives right in and talks about these results and how you might compare. I hope you enjoy.
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Categories: Markets, Personal Finance, and Strategy.

How much Bitcoin should I have in my portfolio: IGGA Podcast

Based on numerous client and associate discussions I have been having I know what is on many people’s minds: Bitcoin. Today we are going to take a look at Bitcoin and how the smart investor should be viewing this relatively new phenomenon of cryptocurrencies. I hope you enjoy our take on Bitcoin and what it can mean for the informed investor. What We’re Reading An Experts Guide to Calling a Market Top: This is by Barry Ritholtz and is a fantastic article. We found ourselves not only nodding our heads as we read it but laughing as well. This is a great piece that is a must read for anyone. The $12-million iPhone: In light of the new iPhone X launch, this article seems very appropriate. This is by Bret Swanson. After reading this article you will see just how blessed we all are to live in the times that
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Categories: Markets and Strategy.

Conventional Wisdom About Retirement Age Allocations Is Likely Costing You

I absolutely LOVE this week’s podcast topic. Why? Because it is one of those areas where I am highly confident that with just a few simple adjustments and without much heartache I can help many, perhaps even most, people save a lot of money. And that is my job. Today, we’re talking about age based allocation formulas that are preached by the financial masses. When you’re 60, it’s 60 percent bonds/cash and 40 percent equities, right? Today you’re going to hear me talk about just how wrong this can be. And it can be BIG wrong depending on the situation. Click below to listen and enjoy.
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Categories: Personal Finance and Strategy.

Portfolio’s That Maximize The Probability of High Performance

This week we’re preparing for our upcoming September Options Webcast. Here at Iron Gate we consistently preach the value of a thoughtfully devised and executed options strategy to accompany your core portfolio efforts. Options can be the key to the difference between mediocrity and over-performance for many portfolios primarily because of their ability to generate income when income is often scarce, and secondarily because they can provide a valuable hedge to your core portfolio holdings when managed properly. If you aren’t using options, you should be. If you are, this upcoming webcast will provide an excellent opportunity to refine your options process and improve your approach to options. Plus the question and answer portion of the webcast will valuable for anyone wanting to dive deeper. Register For the September 21st Iron Gate Options Webcast And here is a valuable refresher, or tip of the iceberg if you will, on what
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Categories: Income Genius and Strategy.

Do You Have Home Country Bias and Other Behaviorally Driven Investor Topics

In this week’s podcast I’m basing my thoughts on the string of client questions I have been receiving over the last couple of weeks. You may have heard me say before, as a financial advisor I consider myself a behavioral advisor as much as a markets advisor. Investors are antsy and they’re asking questions like: “The market is at an all-time high is it the time to sell?” “This political environment is making me antsy, how do I trade it?” I address these topics head on. What does history and what does probability tell us about them? The answers formulate our response. Finally, I also address a critical behavioral weakness of many investors: home country bias. You like many others may have this. It can hamper your portfolio’s performance. So click below to listen as we discuss these very important topics and see how you would grade yourself against our recommended
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Categories: Markets, Personal Finance, and Strategy.
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