The Long Term Investor

Creating a budget and sticking to it is difficult for most people because the process is time consuming and restrictive. Traditional budgeting forces you to make every decision as if you live in a spreadsheet. But guess what? You don't live in a spreadsheet.   Listen now and learn: Why a reverse budget is better than traditional budgeting 3 steps to set up an automatic reverse budget An extra tip...

Robin Powell is an award-winning journalist and campaigner for positive change in global investing, advocating better investor education, and greater transparency.   Listen now and learn: ●       what evidence-based investing is all about ●       The importance of developing a financial plan prior to choosing investments ●       The differences in the adoption of evidence-based investing outside t...

Measuring the success of your portfolio is important for several reasons, but most people don't know how to properly measure the success of their portfolios.   Listen now and learn: The purpose of a benchmark for your investment portfolio The difference between Portfolio-Based Benchmarks and Goals-Based Benchmarks Meaningful questions to ask when evaluating performance       Visit www. TheLongTerm...

Upon starting his independent advisor journey in 2015, Dasarte Yarnway quickly learned that underrepresented clients and advisors alike were overlooked and underserved.    Due to the grave statistics associated with this reality, he sought out to change the landscape of the financial services industry one client and one advisor at a time.    Listen now and learn about: Changes in financial service...

Now that yields are high enough to warrant our attention, what is the right way to measure yield?   Listen now and learn: Pros and cons of four popular yield metrics 3 reasons to avoid tactically shifting your bond allocation to cash and short-term bonds     Visit www. TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

I love talking shop with colleagues from around the country and wanted to give you a peek into those conversations, so this week I invited two of my favorite Chief Investment Officers, Phil Huber and Rubin Miller.    Listen now and learn: Our thoughts on the biggest storylines of 2022 How we develop return assumptions for financial planning models Things people misunderstand about the role of a Ch...

How can two people with the same income, financial experiences, or education have very different levels of financial wellbeing? It's simple: a sense of wellness doesn't come from numbers alone. It's all about the sense of security and freedom of choice each individual feels, both in the present and future.    Listen now and learn:  Four steps to improve your financial wellbeing A simple process fo...

Dr. Burton Malkiel, author of A Random Walk Down Wall Street , joins the show to talk about the 50 th anniversary of his investment classic.   Listen now and learn: The two biggest mistakes investors make Lessons from market bubbles of the past Practical ideas for achieving investment success   Visit www. TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The start of a new year is one of the best inflection points for your finances.    There are really nice tax planning, investment, and capital allocation opportunities right now. If this year you are considering seeking professional help with your finances, this top "rewind" episode from 2022 is for you.    By the end of this episode, you'll understand how to structure your search for an advisor,...

Markets are down, inflation is high, and many are expecting a recession.     Are you ready?    In this "rewind" episode, I revisit a popular episode that is now more relevant than ever. By the end of this episode, I hope to help you answer an important question: "When is it time to seek professional help with your finances?"   Listen now to learn:   How to think about doing any given task vs. hiri...

Successful retirement savers often find themselves in a high tax bracket during retirement (pensions, social security, RMDs, etc.). One of the downsides, in addition to a higher tax bill, is getting hit with Medicare IRMAA.    Listen now and learn: How IRMAA works Strategies for retirees to avoid IRMAA How to plan for IRMAA while you're still working     Visit www. TheLongTermInvestor.com for show...

After age 72, a Required Minimum Distribution (or RMD) must be withdrawn from your traditional IRAs and 401(k)s each year—whether you need it or not. Failing to take an RMD could result in a tax penalty worth up to 50% of the amount you should have taken.   Listen now and learn about seven strategies to minimize the RMD tax liability.     Visit www. TheLongTermInvestor.com for show notes, free res...

When it comes to maximizing wealth, there is usually going to be a mathematically optimal solution, but that solution doesn't always align with our human emotions.   Ben Carlson, co-host of Animal Spirits and author of A Wealth of Common Sense, joins me to talk about the variety of instances where spreadsheets and theory don't align with human emotions and reality.   Listen now and learn: Why inve...

Is the 60/40 portfolio dead?   Both stock and bond markets are down this year, which has led to the traditional framework of the 60/40 portfolio being called into question across a variety of media outlets.   Listen now and learn: 5 reasons the 60/40 portfolio is not dead The historical performance of past 60/40 portfolio declines How the 60/40 portfolio framework is undergoing its biggest change...

Giving to charity is relatively straightforward, but there are many ways to maximize your gift and tax benefit with just a little planning. In this episode, Plancorp's Sara Gelsheimer shares her deep knowledge of charitable giving strategies. Listen now and learn:         The difference between charitable giving and charitable planning         Important things to ask charities before giving      ...

Although the popularity of index investing has exploded in the past decade, actively managed funds still make up the majority of investor assets.   Listen now and learn: How often active managers fail to beat the market Why managers that do win fail to keep winning Three key characteristics that deserve most of your attention     Visit www. TheLongTermInvestor.com for show notes, free resources, a...

There is overwhelming evidence showing traditional active management is a losing strategy, but investors of all kinds still use it.   In this week's episode, I'm joined by Dr. Andrew Berkin, author of The Incredible Shrinking Alpha: How to Be a Successful Investor Without Picking Winners.   Listen now and learn:   Why it's difficult to outperform the market Why the opportunity to outperform is shr...

The collective knowledge of financial markets is one of the reasons it is extremely difficult for active managers to consistently outperform the market.   Listen now and learn: Why groups are good a guessing the weight of cows and jellybeans The reason you should assume market prices aren't wrong The importance of harnessing the power of markets for your own portfolio   Visit www. TheLongTermInves...

Bob Seawright, author of The Better Letter, joins to share insights on making behavioral finance actionable.   Listen now and learn: How to make behavioral finance actionable The two human biases that matter most Why it's important to focus on process rather than outcomes     Visit www. TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

One of my favorite concepts when thinking about financial markets is complex adaptive systems, a concept that may sound overwhelming but is very easy to understand when thinking about piles of sand.   Listen now and learn: An easy way to understand complex adaptive systems The benefit to thinking of the stock market like a sandpile Implications for your investment strategy     Visit www. TheLongTe...

This episode features Steve Liberatore, Nuveen's Head of ESG/Impact for Global Fixed Income.   Listen now and learn: The case for ESG bonds What makes a bond ESG or sustainable Why ESG bonds impact is more tangible than an ESG stock investment   Visit www. TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

You may think that a Wealth Manager and Financial Advisor are the same thing, but a closer look at the distinctions reveals some important differences.   Listen now and learn: What it means to be a Wealth Manager How to know if you've outgrown basic financial advice The most important thing to keep in mind when looking for an advisor     Visit www. TheLongTermInvestor.com for show notes, free reso...

As sustainable investing has gotten more popular, the industry and the media has largely erased the original meanings of the terms we used to rely on to help us differentiate between the different types.   Sam Adams, co-founder of Vert Asset Management and co-author of Your Essential Guide to Sustainable Investing , joins the show to explain everything you need to know.   Listen now and learn: The...

If you've made the commitment to invest in yourself by assembling a professional team around you, it's worth taking the time to ask: are you getting the full value for the price you're paying? And are there competencies your advisor might be missing?   Here are some questions that can make sure your financial advisor is not only someone you can fully trust but also someone who's doing the most for...

2022 has been a challenging time for global investors. Gargi Pal Chaudhuri, Head of iShares Investment Strategy and Markets Coverage, joins to share insight on everything that's been happening and what to look out for in the future.   Listen now and learn: Whether or not we are in a recession When we can expect inflation to begin cooling Where attractive opportunities exist today   Visit www. TheL...