The Gift That Keeps On Giving: Lessons From My 13 Year Old

In investing there is one gift that trumps all other gifts. It is a gift to the future that not nearly enough people take advantage of the way they should. In this week’s podcast I invite my 13 year old son to join me and discuss the lessons he learned about this special present. He helps me walk through the principles and numbers that should be a key part of your financial strategy. The gift that keeps on giving. I hope you enjoy the podcast below.
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Categories: Markets, Personal Finance, and Strategy.

Head to head: the individual investor vs a financial advisor by the numbers.

In this week’s podcast I am talking about how individual investors, those who go it alone, do versus having a financial advisor. My data is from DALBAR’s annual survey of investors and their performance. You’ll find it fascinating. I’d also encourage you to analyze your current performance versus that data. It will help you frame your investment decisions going forward. See how you compare to the survey results in the podcast below:
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Categories: Markets and Personal Finance.

Are stocks reasonably priced right now?

In this week’s podcast, our All Cap Value portfolio manager Brian Hunsaker is filling in for Brett. He’s talking about a big question on A LOT of investor’s minds right now. Should I be getting out of stocks with indexes at or near all time highs? Brian dives into the question with an analysis from his man-crush Warren Buffett, whose investment approach Brian models. The answer comes down to comparing stocks with the current risk-free rate of return in bonds. Brian also discusses the impact of interest rates. Listen to how Brian thinks about current stock market prices in the podcast below.
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Categories: Markets.

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.