Financial Detox® Show

If you were an investor back in 2008, I want you to take a moment to think about how you felt when you watched your portfolio's performance during the Great Recession. If it went down 20, 30, or even 50%, how did that make you feel? I remember watching things go down more and more - and felt like my resolve was truly being tested. However, capital markets don't just change, even in the event of a...

Show DescriptionShow hosts, Jason Labrum and Alex Klingensmith bring you over 2 decades of experience as Financial Advisers, helping you achieve financial peace of mind through financial planning & investment management. Today's show goes into detail, hopefully not too much detail, about defining risk vs. volatility. The topic of financial planning and investing around risk and traditional risk to...

Agustin Lebron is a man of many talents. After working for many years as an engineer, he became a trader and researcher at the height of the recession. Now, as the cofounder and manager of Esselin Research, he helps growing tech companies make better decisions using his knowledge of trading. In his new book, The Laws of Trading, he uses his unique experience to teach people how to become formidabl...

Show DescriptionFinancial Advisers Jason and Alex discuss the benefits and potential pitfalls of investing in Real Estate as part of your portfolio. A walk through the different options such as local real estate, multifamily, single family or even commercial and industrial will be explored. How do most investors do it? Do they succeed or could they be doing better? In today's conversation, here's...

Lots of people see investing as a hobby. Some of them, like my grandmother, are in investment clubs, where they talk about companies they like and buy and sell stocks. However, they rarely make any money from this. They buy high and sell low - seemingly at completely random times. Today, we want to propose an alternative: what if people like my grandmother invested based on evidence, got great per...

We're all human. We all make mistakes - even us here at the Financial Detox Podcast - and we've learned the hard way that if we're not detoxed ourselves, we can't best serve our clients. Today, we dig into eight absolutely irrefutable, toxic mistakes we're predisposed to making when we make investments, whether they're major purchases, like homes or cars, stocks, or suspect financial products. You...

Labrum Wealth Management has some exciting news! The firm is expanding and growing and has now added a Scottsdale office. Jim Pupillo and the team at LDI have teamed up with Labrum Wealth Management to form IDA (Intelligence Driven Advisers). This acquisition will provide many benefits for the clients of LWM (now IDA) such as: increased team collective knowledge, greater specialization within our...

At Labrum Wealth Management, we talk to many potential advisors about joining our firm, and there's one question that really helps us determine if they might be a good fit: Do they care passionately about what their clients are ultimately paying - and what their net returns are? Today, trader Andrew Grant joins the podcast to talk about how to take control of the elements you can control - and pot...

With the midterm elections, we've returned to a time of market volatility. That means that there's even more toxic financial advice out there than usual, and a lot of smart individuals are making not-so-smart decisions. Volatility and stress knock out your habits. Even if you've been disciplined and strategic for years, many people throw all of that out the window at the first sign of change. Howe...

Everyone's financial life is a unique combination of assets, liabilities, and situations. There's no one-size-fits-all solution guaranteed to get you the best possible results - and not all financial advice is created equally. At Labrum Wealth Management, we take a truly independent, personalized approach to our clients' portfolios. In today's episode of the podcast, we get in to how we buck the t...

Right now, the markets are at all-time highs. However, when we ask, "How are the markets doing?" we're often referring to a very small subset of the overall market. Very few people who say the markets are doing well are thinking about not just the U.S. stock market, but the bond market or international markets of any kind. Furthermore, with markets at an all-time high, we want to talk about what y...

Joe Pecore is a Professor of Business at the Rady School at UCSD. There, he teaches accounting and personal finance - including basic financial planning, the time value of money, how money grows exponentially, budgeting, how to track spending, banking, credit, investing, retirement, and housing - to undergraduates and graduates alike. Alex and I visited his class, and we found that it was hugely v...

At Labrum Wealth Management, we want our clients to think holistically about wealth management - and that's why today's episode isn't just about finances and investing. It's about how the components of our lives are interconnected, and the fact that how we invest and build wealth is directly linked to our families, our communities, and our jobs. Few people know this better than today's guest, Paul...

Lots of very, very smart people try to time the market - that is, try to get in and out at the exact right time to achieve the greatest returns. However, studies have shown, again and again, that unless you happen to get extremely lucky, you're going to end up getting worse results with more volatility. Embracing the power of the markets and building a portfolio that's a mix of stocks and bonds th...

54% of the world's equities and capitalization - in other words, the goods and services being sold - are based in the United States. We look at many portfolios from prospective clients, and the number one mistake we see is a lack of exposure to the world economy - the other 46% out there. International investments reduce risk and volatility, improve returns, and connect you to booming economies al...

401(k) plans are becoming a bigger and bigger part of retirement plans. We handle lots of them at Labrum Wealth Management, and we see lots of problems and deficiencies within 401(k) plans: unclear commissions, a lack of education, and a general savings crisis among many working Americans. In fact, the majority of 401(k) plans in San Diego are held by advisors who handle less than two 401(k)s! Tha...

As investors, many of us want to take action, even when doing nothing is sometimes better. To make matters worse, even in a relatively flat, unsensational financial year, news shows are always looking for something sensational to talk about. At Labrum Wealth Management, we want you to be able to make smart, informed decisions in alignment with your financial goals, regardless of what's going on in...

At Labrum Wealth Management, we're passionate about helping you live the best financial life possible. We know that there's a lot of bad, outdated, and just plain broken advice in the financial industry right now, especially in terms of what clients end up getting from their advisors. That's why today, we're tackling a very broad, multi-part question from a listener with a million-dollar estate: "...

The Financial Detox team at Labrum Wealth Management talks a lot about growing money over time and protecting wealth - and a big component of that is often giving to others in your community. That's why today, I'm speaking with a very special guest: my good friend and NBA Champion Brad Holland. Brad is the CEO of the Boys & Girls Clubs of Carlsbad - of which I have been a board member since 2002 -...

This year, as investors and advisors, we were all reminded what volatility looks like. It's totally normal, but it feels abnormal after years without it. Despite this volatility, it's practically a universal truth that if you invest in a great, diverse portfolio of companies - or institutions through bonds - you are going to do very well. However, people have been scared lately - and as a result,...

The Financial Detox team at Labrum Wealth Management does A LOT of tax planning. And no wonder, as it's such an important part of wealth management, especially as your situation changes over the years and you enter the first phase of your retirement. We've been getting a lot of tax inquiries since the passage of the Tax Cuts & Jobs Act, which substantially changed America's tax code for the first...

JASON LABRUM, CFP®, AIF® PRESIDENT AND FOUNDER ALEX KLINGENSMITH, CFP® SENIOR WEALTH ADVISOR/COO Jason and Alex discuss the significant impact taxes have on your overall financial plan. Contact jason@labrumwealth.com to get your Free Tax Plan today! For more financial advice connect with us@ Financial DetoxWebsiteBuy the BookYoutube Channel@ IDA WealthWebsiteLinkedinInstagramFacebookYoutube Channe...

JASON LABRUM, CFP®, AIF® FOUNDER/CEO ALEX KLINGENSMITH, CFP® SENIOR WEALTH ADVISOR/COO Jason and Alex discuss how important it is to find out what your advisor SPECIFICALLY gets paid. It's so important to have transparency in fees as they ultimately will have an impact on your returns. Financial Detox events on Marcy 27th and March 29th. Register at Financialdeotx.comFor more financial advice conn...

JASON LABRUM, CFP®, AIF® FOUNDER/CEO ALEX KLINGENSMITH, CFP® SENIOR WEALTH ADVISOR/COO Jason and Alex discuss the current political and media noise and how to filter through whats real and what is nonsense. Today's Financial Detox® also discusses what it takes to hire the right kind of Financial Advisor. For more financial advice connect with us@ Financial DetoxWebsiteBuy the BookYoutube Channel@...