The Investor Coaching Show with Paul Winkler
The Investor Coaching Show
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A podcast to help you get an insider’s view of the financial world and escape common investment traps. Each week, we look at the financial news of the day and help you make sense of it so you can relax about money.
Available episodes
Newest first
Oldest first
13 hours ago
Study Shows that Income Models for Annuities Are “Extraordinarily Misleading”
Paul and Anne talk about how insurance companies use misleading income projections when they look to sell fixed-index annuities. Anne brings an article that talks about the different models that are used to assure investors that their money will be safe in an annuity product and how investors don’t find out what the real returns are until it’s too late to take their money out without penalty. Later in the episode, the advisors address the psychology behind why people go to advisors for financial help but have a hard time acting on the advice.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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1 day ago
Amazon Is Sued by the Federal Trade Commission and 17 States
Today, Paul and Anne discuss the recent lawsuit filed by the Federal Trade Commision (FTC) and 17 states against Amazon for anti-competitive and monopolistic practices. They cover some of the allegations brought against Amazon, like controlling online search results and charging high fees to third-party vendors. Listen along to hear about the potential implications of the lawsuit on small businesses and the broader tech industry. Paul warns investors that these kinds of legal cases are unpredictable and that investors who try to use information like this to game the market end up getting hurt. They highlight the importance of competition and its benefits for consumers.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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2 days ago
These Popular 401(k) Funds Concentrate on the Area of Least-Expected Return
Paul shares about a helpful meeting he had this week with some employees where he explained his strategy for their 401(k)s and why he does not include target date funds. Paul shares an easy-to-understand analogy that explains why these funds tend to be overweighted in the companies with the least-expected return. Later in the episode, Paul shares an article called “Tailoring Advice for the Elderly Brain” from Advisor Perspectives that explains how problem solving and decision making changes as we age.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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5 days ago
Fund Names Might Be Changing: SEC Votes to Fight Misleading Fund Names
When you’re investing, sometimes the only information you have to work with is the fund name. The SEC is voting to place more restrictions on how fund companies name their funds and what the funds contain. Listen along as Paul talks about why misleading fund names are a problem in the investing industry but why these disclosures and restrictions won’t go far in helping investors understand what they’re investing in and what the risks are. Later in the episode, Paul responds to a listener who has listened to his episodes about a US digital currency and still has some concerns.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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6 days ago
Is it Time to Convert my Traditional IRA Into a Roth?
A listener reaches out to Paul with a pretty common and important question: Is it time to convert my traditional IRA into a Roth IRA? While this is a common question, it doesn’t have a simple, cookie-cutter answer. Listen along while Paul walks through some of the details of this listener's specific situation and shares what you need to consider before you start trying to do Roth conversions. Later in the episode, Paul revisits how the rising cost of homeowners’ insurance has some homeowners dropping their coverage and why homeowners’ insurance is foundational to your financial plan.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 27, 2023
MarketWatch: We Don’t Know How to Invest in Bonds?
Today, Paul finds a MarketWatch article called “We’re Investing in Bonds All Wrong” that claims investors just don’t know how to invest in bonds. Listen along as Paul shares whether this article is teaching investors how to understand how bond markets work or if it’s trying to pitch some kind of bond strategy that isn’t worth the risk. Later in the episode, Paul talks about why investing only in U.S. bonds doesn’t accurately capture the world bond market.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 26, 2023
Paul Responds to Some Pushback About Staying in the Market
A listener reaches out to Paul disagreeing with him about a recent episode that covered the risks of pulling out of the stock market and moving over to fixed-income investments. The listener is concerned that, right now, that the risks of the stock market don’t outweigh the benefits. Listen along as Paul sorts through the listener's concerns and tries to explain why he believes that the risks around keeping too much money in fixed income are actually more dangerous than the risks we see in a diversified stock portfolio. Later in the show, Paul talks about anxiety, why it’s incredibly difficult to overcome, and how it affects our problem solving skills.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 25, 2023
We Live in a Culture of Hurry and Anxiety. You Have to Learn How to Tune Some of it Out.
Paul opens the episode talking about a book he’s reading called “The Ruthless Elimination of Hurry” and shares what he has learned over the years about living in a world of worry and chaos. Listen along as Paul, Evan, and Ira talk about the progress that has been made over the last 100 years in the face of dire news and predictions and about why learning how to let go of the things you have no control over is a good first step toward personal fulfillment. Later in the episode, Evan shares about client frustration around investing in China.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 22, 2023
Helpful or Hurtful? Comparing Today’s Economy to Past Economies
Most were convinced America was headed to a recession because the inverted yield curve was a good recession predictor. People thought that inflation was transitory because of the low inflation we had seen over the last 20 years. Both groups fell into the same problem. Today, Paul brings a helpful article from MarketWatch called “Be Cautious About Relying on Historical Parallels” and explains why predicting where the economy headed is a trap and a practice that CEOs, the FED, and financial pundits can’t even get right. Later in the episode, Evan shares about a group of people on TikTok embracing “Girl Math” to justify some bad spending habits.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 21, 2023
Would a Mortgage Company Let You Assume Someone’s Low Interest Rate Mortgage?
Paul, Evan, and Ira talk about an increasingly tricky housing market and why there is reason to be optimistic. Paul shares about his experience as a first-time homebuyer and about an assumable mortgage. Listen along to hear about how mortgage companies are responding to high home prices and interest rates with more innovative mortgage products that could help settle the market. Later in the episode, Ira talks about why “Practice makes perfect” isn’t a good philosophy when it comes to money and investing.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 20, 2023
The Bucket Strategy of Investing Should Be a Red Flag For Investors
Paul talks to someone who went to a workshop, learned about the bucket strategy for investing, and wants to know if this strategy works for building wealth and taking an income. Listen along as Paul explains what the bucket strategy is, how it can be used as a method of pushing products on investors, and why it undermines some basic investing principles. Later in the episode, Paul explains how high interest rates change how investors feel about fixed income products and bonds, leading them into market timing.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 19, 2023
A Smart Strategy for Taking An Income From Your Investments
There are many ways to get money out of your portfolio when it’s time to start taking an income. Unfortunately, most of the strategies that investment professionals use can throw your portfolio off balance and jeopardize your ability to take an income in the future. Today, Paul shares a smart strategy for taking an income from your investments, keeping your portfolio intact and able to respond to the market in the future. Later in the episode, Paul shares how he measures the risk level of different investments to determine if they are safe enough to rely on for income in retirement.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 18, 2023
Roth or Traditional Investments: Which is Better?
Paul has seen a lot of the publications written for advisors talking about whether Roth or traditional investments are better for investors right now. Today, Paul and Ira consider how your retirement gets taxed and explain how they approach the debate. Later in the episode, Paul shares some highlights from the webinar he taught this week about the financial industry's obsession with indexing.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 15, 2023
A Two-Year CD Is Not a Wise Investing Move Right Now
A listener emails the show and wants some advice, saying, “I’m watching my portfolio go down in value, and I’m wondering if now would be a good time to take my money out and put it in a two-year CD at 5% interest”. Paul and Ira jump in to explain why 5% may sound tempting, but a two-year CD is not a wise investing move right now. Listen along to hear these advisors explain why periodically checking in on your portfolio’s performance creates temptations for investors, and why getting out of the market is the same as selling low and locking in your losses. Later in the show, Paul shares some insight from a workshop he likes to teach called “Why Investors Fail.”
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 14, 2023
American Workers Are Bad at Saving and Investing
A survey finds that out of 100 people with 401(k)s, only 60 people choose to invest, and almost half of those investing don’t know what they’re invested in. Ira thinks that number is low because after selling mutual funds for the first 17 years of his career, he didn’t even know what was in the funds he was selling. Today, Paul and Ira admit that American workers as a whole are bad at saving and investing, but that’s partially due to a financial industry and culture that works to confuse you and eat at your peace of mind. Listen along as these advisors explain how to start taking control of your education around money so you can begin to relax about money. Later in the episode, Paul shares that mortgage demand has dropped to a 27-year low.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 13, 2023
Managing Your Finances 101: How to Make a Plan and Follow Through (Part 2)
It’s easy to get overwhelmed about your expenses and your income and start to believe that you’ll never learn how to save or experience financial freedom. Today, Paul addresses these topics with the advice he received earlier in his life that changed his financial journey. Listen along to this two-part episode as Paul shares some easy budgeting hacks that will lower your stress and help you simplify your personal finances, increasing your chance of following through with your plan.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 12, 2023
Managing Your Finances 101: How to Make a Plan and Follow Through (Part 1)
It’s easy to get overwhelmed about your expenses and your income and start to believe that you’ll never learn how to save or experience financial freedom. Today, Paul addresses these topics with the advice he received earlier in his life that changed his financial journey. Listen along to this two-part episode as Paul shares some easy budgeting hacks that will lower your stress and help you simplify your personal finances, increasing your chance of following through with your plan.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 11, 2023
Paul Loves Getting to Do This at His Job
Paul spends a lot of time warning people about the realities of the investment industry and educating investors about products and sales tactics, but today, Paul shares his favorite part of his job: listening to people dream about the future and helping them make a plan to reach those goals. Listen along as Paul talks about some of the complexities around tax and income strategies that can freeze people up and keep them from planning altogether.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 8, 2023
Sitting On Cash Is an Unsettling Trend That Is Hurting Some Investors
Interest rate hikes have had a negative effect on the outlook of stocks and bonds this summer. This is leading some investors to ditch their investments and sit in cash. Today, Paul explains why this trend might feel safe for investors but is really hurting their chances of meeting their goals. Listen along as Paul and Ira talk about who makes money when you walk away from your portfolio and why selling bonds at the wrong time can create problems for investors. Later in the episode, Paul is confused about why homeowners would want to drop the insurance on their homes.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 7, 2023
Understanding the Motives of Financial Publications Saves You From Financial Heartache
Paul and Ira have seen many investors get burned by companies selling them specific funds or insurance products that leave them open to risks they shouldn’t be taking. Today, Paul and Ira talk about how investors try to turn to reputable financial publications to get unbiased advice on investing, but they get led astray there as well. Listen along as these two advisors explain why understanding the motives of these financial publications can save you from financial heartache.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 5, 2023
Financial Wisdom: Making Great Financial Decisions in Your 50s (Part 1)
It’s common for Paul to see people coming into the office, in their early- to mid-fifties, having made some financial mistakes and ready to do something different. Today, Paul and Ira talk about the difference between financial intelligence and financial wisdom and discuss an WSJ article called “The Exact Age You Make Your Best Financial Decisions.” Listen along as these advisors cover the common mistakes that people start to overcome by their 50s and some of the best financial choices people make as they gain financial wisdom.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 5, 2023
Financial Wisdom: Making Great Financial Decisions in Your 50s (Part 2)
It’s common for Paul to see people coming into the office, in their early- to mid-fifties, having made some financial mistakes and ready to do something different. Today, Paul and Ira talk about the difference between financial intelligence and financial wisdom and discuss an WSJ article called “The Exact Age You Make Your Best Financial Decisions.” Listen along as these advisors cover the common mistakes that people start to overcome by their 50s and some of the best financial choices people make as they gain financial wisdom.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 4, 2023
What Is an Estate Plan, and Is it Only for the Wealthy?
Estate planning can seem like a process that is only for those who are very wealthy and have complicated assets to manage. Today, Paul and Ira talk about how average Americans come to build wealth over their lifetime through working, saving, staying motivated, and taking risks. Listen along as these advisors explain why you shouldn’t “check out” when you hear about estate planning. Paul and Ira cover how the things you own get taxed as they pass from one person to another and how an estate plan helps you make a plan to contribute to the future of your family or business.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Sep 1, 2023
Tax Laws Are Changing in 2023 and So Are Financial Plans
Today, Paul and Ira talk about how recent tax law changes around estates, inherited IRAs, and catch-up contributions have changed the landscape of retirement planning and estate planning. Paul wants investors to know that there are more opportunities to get caught in a tax trap as tax laws change and become more complex. Listen along as these two advisors work to educate you on some of the new laws and explain why taxes may become a larger factor in your plan than it was before. Paul also cautions investors who are worried about taxes not to make a decision they’ll later regret when tax laws change again in the future.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 31, 2023
Market Update August 2023: Inflation, Interest Rates, and the Federal Reserve
Today, Paul and Ira give an update on the direction of stock markets over the last few months and encourage investors not to get too caught up in the day-to-day movements. Paul talks about rising interest rates, inflation, and the Federal Reserve chairman’s most recent comments about the economy. Listen along as these two advisors debrief the chairman’s comments and explain why reacting to the comments and predictions of the FED isn’t a recipe for investing success.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 30, 2023
Don’t Mess Up Your Social Security; It Isn’t Going Anywhere
Today, Paul shares an article that discusses the two biggest misconceptions about Social Security. One group of investors believes that they will never receive social security and won’t make a plan for it. Another group believes that they know how Social Security works and plans to navigate the system on their own. Paul shares that both of these groups have made a mistake and may miss out on income in retirement. Paul encourages you to work with an advisor and make a plan for Social Security because it isn’t going anywhere.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 29, 2023
The Risk of Long-Term Bonds in Your Portfolio
If bonds with longer maturities reward you with higher interest rates, why would you choose to exclude them from a diversified portfolio? Today, Paul expands on a video he made last week, “Why Use Bonds in a Portfolio?” and explains the risk of long-term bonds in your portfolio. Listen along as Paul explains why fixed-income investment like bonds get put in a portfolio and why the promise of higher interest rates and long maturities undermines the reason for owning bonds. Later in the episode, Paul shares an article that he sent to his team this week called “Financial Journalism Fails Its Readers.”
To learn more about the problems with indexing and why a structured approach to investing could be better for your financial future, sign up for our webinar here: Are Index Funds Delaying Your Retirement?
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Aug 28, 2023
People Think They Have Long-Term Care Insurance … But They Don’t
A recent nationwide survey shows that 18% of participants said they had long-term care insurance. After the surveying company explained what long-term care insurance was, that number changed to 3%. Today, Paul and Jim talk about why people might think they have long-term care insurance when they actually don’t. Listen along as these advisors have a great conversation about long-term care facilities, medicare coverage, end-of-life care, and the insurance industry.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 25, 2023
An Employer Gets Sued Over ESG Investing in a 401(k)
Today, Paul discusses an article about a recent lawsuit against an employer who mismanaged its employees’ retirement accounts. Employers are responsible for making decisions in their employees’ best interest, but oftentimes employers don’t know how to manage the accounts and don’t want to be responsible. Listen along as Paul and Jim talk about how your employer may be making you choose your investments or, even worse, choosing products for you for personal reasons. The result is that your employer spends their time looking out for themselves instead of reaching out for help and choosing products that work for you. Later in the episode, Paul and Jim talk about why investment companies want to sound sophisticated and tout their ability to analyze markets, and why you shouldn’t let any of their “advanced metrics” lead you into market timing.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 24, 2023
What You Should Know in 2023 About Your IRAs and Taxes
The rules around RMDs and inheriting IRAs have changed in recent years, resulting in some investors taking their RMDs too early and other investors trying to figure out how to remove money from an IRA without paying unnecessary taxes. Unfortunately, the government doesn’t do a good job educating investors or warning them of the risks of these changes. Today, Paul and Jim Wood, CFP®, work to get investors up to speed on the changes and explain the strategies and rules they are using to help investors make smart decisions with their retirement accounts.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 23, 2023
College Is Coming — Here’s How to Start Saving for It
Today, Paul invites Michael on the show to help explain the options families have to save for education expenses. Paul explains that saving for college can be a smart idea when making a financial plan because of how expensive it is and the amount of time parents have to start saving for it. Listen along as these advisors explain the most popular accounts they recommend to clients who want to start saving for college and what you need to consider before choosing one.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 22, 2023
You Have 10 Years to Empty an Inherited IRA. You Need a Plan.
In recent years, we’ve seen numerous changes in tax laws. These laws have dramatically changed how to plan for retirement and how to manage an inheritance received from a loved one. Today, Paul and Michael explain some changes in tax law that affect inheriting money in an IRA. Listen along as they explain why investors have 10 years to decide what to do with the money in an inherited IRA and how some investors who aren’t asking for help are creating tax issues for themselves and turning this money back over to the government in taxes.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 21, 2023
Caring for the Investor, Not Selling Products for a Broker-Dealer
Today, Paul and Jim talk about how they got into the financial planning industry and when they both realized that they wanted to be caring for the client instead of helping a company sell financial products. Listen along as these two advisors share the tools these companies used to teach and groom advisors to pitch products. Paul shares how these practices pushed him out of that side of the industry and helped him start a business where he could educate and serve investors.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 18, 2023
Protecting and Maintaining a Special Needs Trust
Paul invites PWI advisor and Chartered Special Needs Consultant® (ChSNC®) Chad Henson to the show to talk about how to create a plan to support children who struggle with independence. Today, Chad talks about how special needs children are often targeted by people who want access to any money they have, and how protecting and maintaining a special needs trust is usually a team effort. Listen along to hear these advisors talk about teaching your children how to have strong financial boundaries and whether or not your special needs child should be the trustee. If you’re looking for help caring for your family, it’s important to talk to someone who is qualified to help you.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 17, 2023
Making a Plan for Children Who Struggle With Independence With Chad Henson
Today, Paul invites PWI advisor and Chartered Special Needs Consultant® (ChSNC®) Chad Henson to the show to talk about how to create a plan to support children who struggle with independence. The first half of the show focuses on both adult and young children who have special needs and explains how to help them with housing, medical insurance, and income without getting in the way of other disability programs that the government provides. Later in the show, Paul and Chad talk about children who don’t have special needs but struggle with independence and responsibility in their own ways.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 16, 2023
LPL’s Strategic Management Program: How to Tell When a Company Is Gambling With Investors’ Money (Part 2 of 2)
Capturing market returns is one of the biggest factors of investing success, and it comes from proper diversification. After Paul did a recent webinar on the topic, an investor brings Paul a LPL Financial product called the Strategic Asset Management Program (SAMs) and wants to know: Is this product capturing marketing returns or is it gambling with investors’ money? In this two-part episode, Paul and Michael look through this product to find the answer, but also teach you where an educated investor looks to find out what is really happening in an investment product. Listen along as these advisors discover what SAMs are doing with investors’ dollars and give you some tools to spot suspicious behavior in other products.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 15, 2023
LPL’s Strategic Management Program: How to Tell When a Company Is Gambling With Investors’ Money (Part 1 of 2)
Capturing market returns is one of the biggest factors of investing success, and it comes from proper diversification. After Paul did a recent webinar on the topic, an investor brings Paul a LPL Financial product called the Strategic Asset Management Program (SAMs) and wants to know: Is this product capturing marketing returns or is it gambling with investors’ money? In this two-part episode, Paul and Michael look through this product to find the answer, but also teach you where an educated investor looks to find out what is really happening in an investment product. Listen along as these advisors discover what SAMs are doing with investors’ dollars and give you some tools to spot suspicious behavior in other products.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 14, 2023
Why Not Go All In On Emerging Markets?
After a question in the last episode about investing in emerging markets, Ira asks Paul to clarify if we should be investing in emerging markets at all. Paul explains that the investor who asked this question wanted to know why you wouldn’t want to go all in on companies from emerging markets if they have historically higher returns. Listen along as Paul and Ira explain the logic behind building a portfolio with investments that don’t always move together and how emerging markets fit into an academic approach. Later in the episode, the advisors talk about taxes and investing with an article that gives investors seven reasons not to invest in their Roth IRAs.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 11, 2023
Is the Media Predicting Downturns Because They Care About Investors?
Today, Paul asks Ira a thoughtful question about how financial media covers the news: Is the media predicting downturns because they care about investors? Both Paul and Ira conclude that if these media personalities can’t beat the market themselves, and if they don’t sell off their investments when they make these predictions, then they’re encouraging you to bet your money on something that they aren’t willing to bet their money on. Paul cautions investors: When someone makes a correct prediction about a downturn, it makes them look “in the know” and works to further their interests. This is why working with an advisor is better than blindly trusting someone you don’t know. Later in the episode, Paul answers a listener's question about investing in BRICs.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 10, 2023
This Is Why Getting Out of Volatile Markets Is a Big Mistake
A big problem with wanting to be out of the market when it’s down and in the market when it’s up is that the market doesn’t move in a straight line, but rather it jumps around to different values at any given moment. Today, Paul and Ira talk about how investors experience the most gains in the market a few days a year and why the investors who crave control and can’t handle the markets’ bumpy ride sell low and buy high. Listen along to learn why volatile markets are tempting to leave but ultimately work in the investor’s favor. Later in the episode, Ira encourages people close to retirement to talk with an advisor about what their expenses will look like because he sees that most investors have an unclear picture of what they will be spending in retirement.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 9, 2023
Morningstar Gets it Right: 7 Investments You Want to Avoid
Most of the industry is obsessed with telling you what you should have in your portfolio, but few people talk about the products that you shouldn’t own. Today, Paul is pleasantly surprised by the advice in a Morningstar article called “7 Things I Don’t Own in My Portfolio” that includes 7 popular investments that you want to avoid because you don’t get properly compensated for the risk. Listen along as Paul and Jim talk break down what these investments are and who is most likely to sell them to you.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 8, 2023
Beyond Money: Preparing to Live Your Best Years in Retirement
Jim joins the show to talk about why having a lot of money or a plan for your money is not what brings you lasting happiness and purpose in retirement. Paul and Jim look at an article called “The Top 5 Regrets of the Dying” and share some insight into how you can prepare to live some of your best years after your career is over. Listen along as these advisors share some top regrets that people have at the end of their lives and how you can learn from their experiences. Later in the episode, Paul is shocked to see so many Real Estate Investment Trusts (REITs) and cautions investors that the risk of these products is very high. Paul and Jim want investors to know that these products are not very liquid and sales people use “hot” real estate markets to convince investors that they enjoy some of the wealth in real estate.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 7, 2023
Are Gold Investors Happier with Their Investments?
Evan talks with a friend who did a lot of research, purchased a lot of gold, but doesn’t have any more peace of mind than before. He also brings an article written by someone who is “pro-gold” but is noticing that, even in the midst of turmoil, the price of gold isn’t going up. Listen along as Paul and Evan talk about how changing what you invest in based on how you feel is the definition of market timing and why following academic research keeps you from following your feelings.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 4, 2023
Paul Talks About Investing and the Economy with Matt Murphy on WTN
Paul Talks About Investing and the Economy with Matt Murphy on WTN
Paul joins the Matt Murphy Show and talks about inflation and recessions. He also discusses how to approach investing so that you’re not gambling with your money.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 4, 2023
The FED Raised Rates, AI Takes Drive-Thru Orders, and Paul Is Still Optimistic
The FED raised interest rates less than some thought, and AI is improving the workplace experience for service industry employees, but the headlines are going to read, “AI is Coming for Service Industry Jobs!” or, “FED Raises Rates to Their Highest Point in 22 Years!” Today, Paul and Evan talk about these changes and why the world is a better place than it was 100 years ago. Pauls shares a fascinating study that shows 85% of what you’re afraid of won’t happen and 80% of the things that do happen actually result in valuable skills and lessons that make you a stronger person. Paul's takeaway: Learning to see the news clearly involves adopting some optimism.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 3, 2023
Don’t Underestimate Value Companies in a Portfolio
Paul was on WTN talking about interest rates, inflation, and the market, and he had a great chance to teach about what value stocks are and how they fit into a portfolio. Listen along as Paul recaps his conversation about value stocks, why he thinks they make investment portfolios more resilient, and why many portfolios are missing them. Later in the show, someone is trying to sell Evan a newsletter, saying that his investments could already be infected by China’s “spy chips.” Unfortunately, companies use fear to sell products when they should be helping investors understand their future goals and work to reach them.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 2, 2023
Will You Outlive Your Money? Comparing Annuities to an IRA Strategy (Part 2)
Paul continues his conversation from the previous episode and explains that annuities can be hard to understand because the people that sell them overstate the benefits and don’t explain the risks properly. Paul wraps up his conversation about how RMDs on your retirement accounts can be a great tool and how the government actually utilized academic research on taking an income from a portfolio when crafting these laws.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Aug 1, 2023
Will You Outlive Your Money? Comparing Annuities to an IRA Strategy (Part 1)
Paul got another invite to a steak dinner from an advisor last week. He understands why that advisor held a dinner because he’s been a part of that side of the industry before. This invitation targeted people who fear outliving their money in retirement. Unfortunately, advisors often use fancy dinners and common fears to sell annuities. Paul shares about a workshop he taught on an IRA feature that is arguably more powerful for outliving your money than anything an annuity can offer you.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 31, 2023
Don’t Make These Money Mistakes When Sending Kids to College
Everyone wants their children to get a good education and be ready to have a successful life when they leave the house. Paul and Ira talk about a WSJ article called “Avoid These Financial Missteps When Sending Children Off to College” and share about their experiences in school, sending their children to school, and the financial mistakes you can’t afford to make for your children. Listen along to hear how to avoid making these mistakes and to hear about some resources you should encourage your children to take advantage of when going to college.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 28, 2023
Tax Laws Changing in 401(k)s for High-Income Earners
Today, Paul and Ira talk about the difference between a Roth IRA and a Roth 401(k) and some tax law changes in 401(k)s that are going to lower the tax advantages for many business owners and high-income earners. Listen along to hear why tax advantages are an important part of investing in these accounts and how these advisors are concerned that investors trying to make big moves for tax reasons might get hurt when the government decides to change other tax laws.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 27, 2023
Fund Providers Time the Market Then Blame the Market on Returns
Today, Paul and Ira open the show talking about a MarketWatch study convincing investors that their retirement is at the mercy of stock and bond returns. Listen along as Paul and Ira talk about whether or not that’s true. Paul and Ira pivot to talking about 401(k) funds, the most common kind of retirement savings, and why 401(k) providers are considering adding a risky new investment option to your plans to boost returns. Paul explains that your 401(k) isn’t performing poorly because markets are volatile, but because your fund provider is timing the market. Later in the show, Paul wants you to know: Investing in your 401(k) isn’t the problem. The problem is not knowing about the funds in your plan.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 26, 2023
It’s Time to Start Your Business Idea: An Interview with Charles Alexander (Part 2)
Paul wants listeners to know that The Investor Coaching Show isn’t only about investing money but also about learning how to make money. Today, Paul brings business coach, Charles Alexander, on the show for two episodes to talk about his new book Start Now Quit Later: How to Start and Grow Your Business Without Quitting Your Full-Time Job. Paul shares that this is exactly how his own business got started. Listen along to hear a business coach and an experienced business owner talk about how to turn your passions into income and common mistakes people make when starting a business on their own.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 25, 2023
It’s Time to Start Your Business Idea: An Interview with Charles Alexander (Part 1)
Paul wants listeners to know that The Investor Coaching Show isn’t only about investing money but also about learning how to make money. Today, Paul brings business coach Charles Alexander on the show for two episodes to talk about his new book Start Now Quit Later: How to Start and Grow Your Business Without Quitting Your Full-Time Job. Paul shares that this is exactly how his own business got started. Listen along to hear a business coach and an experienced business owner discuss how to turn your passions into income and common mistakes people make when starting a business on their own.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 24, 2023
Older Workers Stuck in Dangerous Jobs
Paul opens the show sharing a misleading article about how great I Bond returns are. Paul and Ira segway to discuss older workers who get stuck in dangerous jobs because of a lack of planning. Today, Paul and Ira try to paint a picture about how many workers age in jobs with modest wages and with working conditions that are tough for older employees because they don’t have any other options. One of the biggest barriers to saving is not believing that you have enough income. Paul encourages everyone that when you start saving a little, you understand how to put yourself in better situations around money. Later in the show, Paul shares about billionaires selling their shares of stock and that it’s not all what it seems.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 21, 2023
You Can Understand Artificial Intelligence with Dr. Timothy Myatt (Part 2)
Today, Paul and Dr. Timothy Myatt — Professor of IT and Management, and Chair of the Department of Computer and Information Sciences at Trevveca Nazarene University — finish their conversation about artificial intelligence by talking about how it will benefit the transportation, manufacturing, medical and customer service sectors. Later in the show, Paul asks Tim to share his advice for listeners as we start to see this new evolution of computer technology.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 20, 2023
You Can Understand Artificial Intelligence with Dr. Timothy Myatt (Part 1)
There is a part of every human brain that looks out for danger. The most recent fear on everyone’s minds is artificial intelligence. The media outlets claim that it will destroy jobs, industries, and economies, but how much do they actually know about AI or the future? Today, Paul invites Dr. Timothy Myatt — Professor of IT and Management, and Chair of the Department of Computer and Information Sciences at Trevveca Nazarene University — for a two-part interview to explain what artificial intelligence is, the history of it, and most importantly how it works. Listen along to hear how “smart” processing is not an entirely new concept and how this technology uses language processing and massive databases to mimic human thought.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 19, 2023
Is Gold the Answer in an Unstable Market?
Paul has noticed a trend over the last 20 years as an investor coach: He is only asked for radio and TV interviews when things don’t seem to be going well. Paul talks about why he doesn’t mind because investors need a coach who teaches, challenges, and encourages them to have discipline when times seem hard. Paul again addresses something that has hurt so many investors over the years: letting fear and marketing campaigns convince you that gold is safer than the market. Later in the show, Paul talks about optimism and the race to make a more efficient air conditioner.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 18, 2023
A “Vetted Professional” Might Really Be an Annuity Salesperson
Paul's biggest frustration with the financial industry is that the level of education is just not what it’s supposed to be. When you see a company encouraging you to trust or use their vetted professional, you need to be careful. The truth is that the company may just be getting a fee for the referral. Today, Paul talks about a company who has “vetted” professionals who are trying to sell annuities to investors as an “alternative” source of income in retirement and why that is incredibly misleading. Later in the show, Paul talks about the 30 year anniversary of the Fama-French multifactor model of investing.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 17, 2023
The 401(k) Market Just Isn’t Great, But an Advisor Can Help
Today, Evan asks Dan about what he sees as a stumbling block for most investors: their 401(k) options. Dan breaks down why the most common target date funds (TDFs) come up short in every category that PWI looks for in a diversified portfolio. Listen along as these advisors look at some options in a 401(k) and how an advisor can keep you from having a portfolio with higher risk and lower potential returns. Evan closes the show with some good news about the average 2023 tax burden by state.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 13, 2023
Are You a Service Member? What Are Your Retirement Options?
Today, Evan shares about his family's history of serving in the military and his passion for helping other service members prepare for retirement. Evan spends some time explaining the retirement options for service members and the changes that have been made for military retirements over the last few years. It’s very common to see service members focusing on different aspects of their jobs and careers, especially when they first enlist, but it’s important not to overlook what retirement options are available. Listen along as Evan shares what these options are and how to take advantage of the resources at your disposal.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 12, 2023
Closest Thing to Retirement School: Learning From Retirees
Unfortunately, there is no class or school that is mandatory for retirement planning. Today, Evan and Dan talk about a Wall Street Journal article that asks retirees what mistakes they made or what they would change. Listen along as the advisors share why health, finances, relationships and purpose are the four attributes we all should plan for in retirement. Later in the episode, Evan answers a few common questions that have come up from their social security workshop. They share how to work with an advisor to know when to take social security to avoid taking it too soon or too late.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 11, 2023
An Experienced Tour Guide Makes a Huge Difference
Today, Evan and Dan come up from the Cool Springs office to give Paul a much needed vacation. Evan starts the show by talking about the Fourth of July and the foundational freedoms required to dream, save and invest. Both advisors talk about Evan’s recent trip to Israel and why having an experienced tour guide makes a huge difference when you’re navigating something new — whether it be a new country or a topic like money and investing. Later in the show, Evan breaks down a Wall Street Journal article titled “Investors are Pouring Money into this Modified S&P 500 Stock Market Strategy.”
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 10, 2023
Scammers Want You to Feel Overwhelmed So That You Will Trust Them
Today, Anne shares an increasingly popular scam that targets lonely people and takes their retirement savings. Ira shares a story about a friend who claims that owning as much gold as possible is the way to go, but who happens to be a jeweler. Listen along as these advisors discuss how scams or misleading sales pitches usually leave people feeling like they can’t understand investing, making people easier to take advantage of. Later in the episode, a large investment firm tries to create a “no fee” robo-investing option to compete with Robin Hood. They end up with a lawsuit for forcing clients to hold cash so they can make money by lending with it.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 7, 2023
Target Date Funds Have American Investors Betting on the Magnificent Seven
Today, Paul continues his conversation about target date funds (TDFs) and explains what kinds of companies these funds actually own. Paul explains that these funds grossly favor larger companies over smaller ones, growth companies over value, and US companies over international. All of this adds up to much higher risk and lower returns. Listen along as Paul shares why investing in a target date fund is similar to betting your future on the success of the seven largest US companies.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 6, 2023
Pensions Are Disappearing and Now You Have to Choose Your Own Retirement Investments
Fewer companies are offering pensions in today’s job market, which leaves investors having to choose their own retirement products. Today, Paul explains that target date funds (TDFs) have become such a popular product because they are easy to sell to people who don’t understand much about investing. Listen along as Paul breaks down some of the language used to sell target date funds to employers and investors and explains why they don’t perform as advertised.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 5, 2023
Understanding How Emotion Sneaks in: Being Overweighted in US Companies
Today, Paul explains that the basics of investing are easy to forget and that emotions often play a bigger role in investing decisions than we’d like to think. One example of this that is easy to spot is American investors and American investment firm’s obsessing over US companies. Listen along as Paul explains how American investors get groomed to believe that the market is only US companies, and how investment firms either sell products that are overweighted in US companies or only sell international funds after they’ve gone up and are “easier” to sell. Both of these practices violate the basic investing principles of diversification and avoiding marketing timing. Later in the episode, Paul finds an article that addresses the stress of stepping away from adult children financially and helping them learn independence.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 4, 2023
An Advisor Wants Me to Sell My Property: Is that a Conflict of Interest?
Today, Paul gets a question from a listener who wants to know: “A financial advisor wants me to sell my investment property and invest with them. Isn’t that a conflict of interest?” Paul approaches the question by asking the investor about his goals and how this would affect his financial future. Listen along as Paul explains why you can’t avoid conflicts of interest in this sales-driven industry, but you can learn how to spot it and make the right choices for your situation. Later in the show, Paul talks about the temptation to watch what the rich are doing with their money and copy them, and he explains why you probably have more experience under your belt than they do.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jul 3, 2023
‘The Last Days of Lehmen Brothers’ and an Industry You Can’t Blindly Trust
Today, Anne, Paul, and Ira discuss the movie The Last Days of Lehman Brothers, a historical fiction film released by the BBC depicting the fall of a giant in the financial services industry. All the advisors agree that this movie has a few lessons for modern investors and stress why learning about investing helps investors avoid the Wall-Street bullying depicted in this movie. Later in the episode, Anne brings an article about helping clients who feel they don’t deserve their money and shares why this is a common experience but also that you need to be careful because this can lead to harmful financial decisions.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jun 30, 2023
Spotting the Sales Pitch: How the Industry Sells and How to Avoid the Trap
An investor reaches out to Paul because someone is trying to sell her a product that seems perfect for her situation and she doesn’t understand what she’s missing. Paul and the team talk about how common this is, particularly in annuity and life insurance sales, and walk through how to listen to these sales pitches in a way that allows you to quickly identify the kind of product they want to sell you. Listen along to hear why the risks and fees associated with these products almost always benefit the salesperson more than you. Later in the episode, Anne talks about what business owners approaching retirement can do to add value and finish strong.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jun 29, 2023
Here’s How to Increase Your Wealth Without Making More Money
Did you know most people think about wealth in terms of quality of life and not just a number in their bank account? Today, Paul asks Anne and Ira about a survey that uncovers how much money people need to feel wealthy — and it’s less than you might think. Listen along to hear these advisors talk about how leaning into your true purpose for money might make you feel more wealthy without raising your net worth. Later in the episode, Anne and Ira share about the American Dream Experience.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jun 28, 2023
If You Bet the Market Would Be Down the First Half of 2023, You’ve Lost Big Time
Today, Paul brings an article called “Stock-Market Rally Cost Bears $120 Billion Dollars” that shares just how much gamblers have lost so far this year by placing bets that the market would go down. Paul spends time explaining that this isn’t just activity from day traders but is also from large investment firms who are so cocky about where markets are headed that they’re placing high-risk bets with billions of dollars of other people’s money.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jun 27, 2023
Buyer Beware: Always Read an Investment Firm’s Disclosures
Today, Paul talks about why he doesn’t believe investing with a CFP is enough anymore. Paul shows you how to spot financial firms that forgo proven investing principles, as well as how to tell when an advisor is market timing or working on commission. Paul tells all investors that you can't be fooled by the term “fiduciary” and need to learn how to quickly tell if an investment firm has a conflict of interest.
For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.
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Jun 23, 2023
Financial Advice From Fathers – How to Give It and How to Receive It
Today, Paul and Evan reflect on Father’s Day by sharing the financial advice they got from their fathers and the financial advice they shared with their children. Later in the episode, the two discuss the way they help clients process their concerns about cryptocurrencies and other digital currencies.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 22, 2023
ChatGPT vs. An Educated Investor – Why Human Behavior Trumps Technology
Technology has always been used by some investors as a way to achieve some advantage over markets and other investors. Things are no different today with artificial intelligence. Today, Paul and Evan look through an article that talks about ChatGPT’s performance in a mock-up portfolio and then explain why human behavior has always been a greater indicator of investing success than whatever new technological advancement is catching investors’ attention at the moment. Later in the episode, Evan shares an important lesson about stock picking by explaining what’s going on with two of America’s favorite beers.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 21, 2023
Advice for Aging Investors: Asking for Help and Building a Team You Can Trust (Part 2)
There is a unique set of challenges investors face as they enter their golden years. Studies show that as your cognitive abilities start to fade, your confidence does not. Today, Paul and Jim want to help you, or perhaps a loved one, learn how to navigate this time and avoid the financial traps unique to this stage of life. Listen along as these two advisors talk about how to avoid being taken advantage of by companies or relationships that are only financially motivated and why the best advice for aging investors is to learn how to ask for help and build a team you can trust.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 20, 2023
Advice for Aging Investors: Asking for Help and Building a Team You Can Trust (Part 1)
There is a unique set of challenges investors face as they enter their golden years. Studies show that as your cognitive abilities start to fade, your confidence does not. Today, Paul and Jim want to help you, or perhaps a loved one, learn how to navigate this time and avoid the financial traps unique to this stage of life. Listen along as these two advisors talk about how to avoid being taken advantage of by companies or relationships that are only financially motivated and why the best advice for aging investors is to learn how to ask for help and build a team you can trust.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 19, 2023
Discussing Our Digital Soul with Jenny Black, Licensed Marriage and Family Therapist (Part 2)
Today, Paul is excited to welcome Jenny Black to The Investor Coaching Show to discuss media trauma and her book Our Digital Soul. Jenny is a Licensed Marriage and Family Therapist that studies the effects our digital world has on us and helps people identify and cope with media trauma. In this second half of their interview, Black explains an experiment called “The Saturday Project” that is designed to get you in touch with yourself, away from second-hand trauma, and closer to the people you love.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 16, 2023
Discussing Our Digital Soul with Jenny Black, Licensed Marriage and Family Therapist (Part 1)
Today, Paul is excited to welcome Jenny Black to The Investor Coaching Show to discuss media trauma and her book Our Digital Soul. Jenny is a Licensed Marriage and Family Therapist that studies the effects our digital world has on us and helps people identify and cope with media trauma. In the interview, Black starts by explaining why developing a healthy relationship with your phone is a high-priority for your mental health and how social media and smart devices seem like they make life easier or promote connection, but they actually create an environment of stress and dissatisfaction.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 15, 2023
An Unprecedented Week in American Politics: Is Now a Bad Time to Be in the Stock Market?
Today, Paul and Ira answer a question from a listener who is concerned about how an increasingly volatile political climate will affect investors. Paul explains why politics don’t historically have a long-term effect on the stock market and points to an article in MarketWatch that shows it may also not have much of a short-term effect either. Later in the episode, Paul laughs along as Ira shares a letter a client got from an advisor from an investment firm that has some seriously questionable advice in it.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 14, 2023
If You Don’t Know What’s in Your 401(k), It’s Time to Find Out
Paul recently had a friend confess that they weren’t sure what investments are in their 401(k), but they’re ready to learn. Listen along as Paul explains why it’s so easy to have blind spots in this area and teaches a quick lesson about why investing in a 401(k) is a good idea, how to work with someone to choose the right funds, and why investing in a 401(k) isn’t a full retirement plan.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 13, 2023
High Interest Rates: Should You Move to Cash?
Today, Paul finds it ironic that investors are feeling tempted to put their retirement into a money market and savings account after months of banking issues, regardless of how high the interest rates may be. If you know someone considering this, listen along as Paul urges investors to understand that holding your money on the sidelines because of fear of the future is actually a form of market timing. Later in the episode, Paul shares an article about how retirement plans love to offer lots of fund options but no real diversification.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 12, 2023
A Lesson On Debt, Your Standard of Living, and the Two Philosophies of Spending: A Foundation You Can Build On
Today, Paul talks about how trying to enjoy a higher standard of living than you can afford is the first hurdle to overcome when you’re beginning your journey to saving, investing, and finding purpose with your money. Listen along as Paul teaches about two different philosophies of spending and two different kinds of debt. These tools will help you learn how to avoid taking on bad debt and learn to live on less than you make. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 9, 2023
Six Advisors On How to Invest $1,000: Five of Them Give Bad Advice
In a MarketWatch article, six advisors are asked how they would invest $1,000. Paul is disappointed that only one of them encourages investors to consider their long-term goals when investing. He's also surprised that none of them recommended annuities given the record-setting annuities sales right now. Later in the episode, Paul revisits two articles that are encouraging investors to leave the market when times get rough, breaking one of the biggest rules of investing: buy low and sell high.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 8, 2023
Investors Are Biding Up AI Companies Like They Did Tech Companies in the Late 90s
Today, Paul brings an article called “Apple, Nvidia, Meta, Lead Market Rally (Why That’s Not Good)” and talks about why market returns aren’t always great, especially when they are the result of investors getting overly excited about AI and bidding up stock prices. Later in the episode, Paul reminds listeners that the paulwinkler.com website has free resources, articles, webinars, and podcast episodes about financial planning topics, investing, tax law changes, and social security that you might not see on the show every week. If you have a question about these topics, a quick search on the website might be a big help. Get access to Paul Winkler’s website resources at paulwinkler.com. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 7, 2023
Taxes and the Economy: Interview with Art Laffer, Reagan’s Economic Advisor (Part 2)
Today, Paul is honored to welcome Art Laffer to The Investor Coaching Show. Dr. Laffer served as economic advisor to both Ronald Reagan and Margaret Thatcher and is a Presidential Medal of Freedom recipient. He is an economist, educator, and author of the book Taxes Have Consequences. In this second part of their interview, Paul and Dr. Laffer discuss the Great Depression, tariffs, and if the United States would ever add a consumption tax. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 6, 2023
Taxes and the Economy: Interview with Art Laffer, Reagan’s Economic Advisor (Part 1)
Today, Paul is honored to welcome Art Laffer to The Investor Coaching Show. Dr. Laffer served as economic advisor to both Ronald Reagan and Margaret Thatcher and is a Presidential Medal of Freedom recipient. He is an economist, educator, and author of the book Taxes Have Consequences. In this part of their interview, Paul askes Dr. Laffer about the origin story of “The Laffer Curve,” the IRS, and his involvement in political and economic history.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 5, 2023
Do You Want to Live Another Eight Years? Get A College Degree
Paul brings a study that shows that college graduates on average live eight years longer than those who don’t, and the gap is widening. Paul is quick to think about the implications of this on life insurance and annuity products. Later in the episode, Paul talks about how long it took for the investment industry to realize that the lack of regulation of cryptocurrencies could be an issue.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 2, 2023
A Company Convinces a Woman with Dementia to Sell Her Home — The Perfect Metaphor for a Broken Industry
Paul talks about used car sales and companies like We Buy Ugly Houses to explain what value stocks are and why their long-term performance is strong. Paul finds an article that reports We Buy Ugly Houses is accused of taking advantage of people who are in desperate situations. Listen along as the advisors talk about how often companies like these (and even investment professionals) claim to be fiduciaries, but take advantage of what people don’t know to sell them things they don’t need. They all agree that everyone needs to be called to a higher standard. Later in the episode, the team talks about a Bloomberg article called, “Young Americans Struggle to Hit Adult Milestones.”
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jun 1, 2023
Is Paul Worried About Artificial Intelligence and the Stock Market?
Today, Paul, Evan, and Ira start the episode reflecting on Memorial Day, free markets, and why fear shouldn’t be what defines our nation. Paul pivots to talk about investor fears and a radio interview he had this week where he was asked: Should we be worried about Artificial Intelligence and the stock market? Listen along as these investors give their perspective and share how long-term, academic investing principles allow all investors to tune out the headlines, stay calm, and let the market do its job.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 31, 2023
It’s Time for Banks to Start Earning Your Trust: How to Spot a Bad Bank
Banks have been seen as safe places for money for most of the last century, but as we’ve seen lately, blindly trusting your bank can get you into a lot of trouble. Listen along and learn how to spot banks that are more concerned with selling their products and tying up your money than providing a safe place to store your spending money and emergency fund. Later in the episode, Paul and Jonathan talk about why your behavior is more important than anything else when it comes to successful investing.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 30, 2023
Stock Market Over-reacting to AI News Stories? More Bank Failures? (How to Avoid Unnecessary Loses)
It’s a bad time to be trying to navigate investing on your own. Today, Paul and Jonathan talk about how AI is starting to affect the news and markets, as well as investors' fears about the banking sector. Listen along as the advisors share how investors can navigate this strange time without getting crushed by erratic markets and why building your investments for the long-term helps you tune out the noise and relax about investing. Later in the episode, Jonathan shares a mistake an investor made because he didn’t know the risks and didn’t reach out for help and how you can learn from it – so you don’t repeat it.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 29, 2023
Only Recognize a Few Companies in Your Work’s Retirement Plan? Here’s What You Should Know
When you're setting up your retirement plan at work, it can be hard to know what funds to choose. Most investors, not wanting to make a bad choice, gravitate toward funds from big companies with some name recognition. Today, Paul explains how these companies have worked hard to advertise to you and to the 401(k) provider, but that doesn't mean they are the best choice. Listen along as Paul explains how you can educate yourself so that you're not planning your retirement based on marketing and name recognition. Later in the episode, you know more about investing than you realize and Paul wants to help you unlock that knowledge.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 26, 2023
The 20 Must-Answer Questions for Investors (Questions 13–20)
Early in his career, Paul created “The Investor Awareness Guide,” a 20-question guide that gives investors the tools they need to invest with confidence. Today, Paul and Jim get real with investors to let them know: You are not going to find information like this on financial TV shows or business magazines in today’s investing climate. Listen along as Paul and Jim conclude with questions 13-20, which cover rebalancing, diversification, and costs when managing a portfolio of investments.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 25, 2023
The 20 Must-Answer Questions for Investors (Questions 6–12)
Early in his career, Paul created “The Investor Awareness Guide,” a 20-question guide that gives investors the tools they need to invest with confidence. Today, Paul and Jim get real with investors to let them know: You are not going to find information like this on financial TV shows or business magazines in today’s investing climate. Listen along as Paul and Jim discuss questions 6–12, which are about risk: what it is, how to measure it, and how to manage it.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 24, 2023
The 20 Must-Answer Questions for Investors (Questions 4 and 5)
Early in his career, Paul created “The Investor Awareness Guide,” a 20-question guide that gives investors the tools they need to invest with confidence. Today, Paul and Jim get real with investors to let them know: You are not going to find information like this on financial TV shows or in business magazines in today’s investing climate. Listen along as Paul and Jim cover questions four and five, which talk about knowing how to spot when investment firms are speculating with your money and choosing an academic approach to investing.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 23, 2023
The 20 Must-Answer Questions for Investors (Questions 1–3)
Early in his career, Paul created “The Investor Awareness Guide,” a 20-question guide that gives investors the tools they need to invest with confidence. Today, Paul and Jim get real with investors to let them know: You are not going to find information like this on financial TV shows or in business magazines in today’s investing climate. Listen along as they tackle the first three questions, which cover topics like finding your purpose for money, understanding your natural biases or roadblocks, and whether or not the stock market is a good place to invest.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 22, 2023
Would a “Digital Dollar” Really Threaten Your Freedom?
Paul got an email this week called “How Biden’s Digital Dollar Destroys Freedom” and gave it a good read – so that you don’t have to. Today, Paul sifts through these claims that a federal digital currency would be used to track you and your spending habits and that the government could take all your money whenever it wanted. Listen along to hear Paul explain that most of our currency is already digital and discovers that the email that is trying to scare people into distrust of American currency… is actually an advertisement for gold.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 19, 2023
Turning Your Skills into a Career with Jessie Lee Perez (Part 2 of 2)
Paul brings in Jessie Lee Perez, a certified business analyst and the founder of We Speak Color, to share some of her experiences as a business analyst, world traveler, and nonprofit founder. We Speak Color works to turn people who are being under-utilized in their communities into people who have sustainable careers and make an impact on the world around them. Listen along as these two talk about knowing your skills, understanding if your skills match your current job, and how people like Jessie can help you chart a course to finding fulfillment in your work life.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 18, 2023
Turning Your Skills into a Career with Jessie Lee Perez (Part 1 of 2)
Paul brings in Jessie Lee Perez, a certified business analyst and the founder of We Speak Color, to share some of her experiences as a business analyst, world traveler, and nonprofit founder. We Speak Color works to turn people who are being under-utilized in their communities into people who have sustainable careers and make an impact on the world around them. Listen along as these two talk about knowing your skills, understanding if your skills match your current job, and how people like Jessie can help you chart a course to finding fulfillment in your work life.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 17, 2023
What Do Hedge Funds, CDs, and Gold IRAs All Have in Common?
Hedge funds seem exclusive and are only for accredited investors. CDs claim to be low-risk while offering some return. Gold IRAs give investors an opportunity to stay connected to their favorite commodity even when it’s underperforming. These products all seem different, but what do they have in common? Today, Paul answers this question and explains why the financial industry seems so excited to sell anything but proven academic investing principles.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 16, 2023
Structured Notes: Big Promises With Hidden Dangers
Paul got a question from an investor about structured notes and realized that it’s been a while since he’s talked about this investment product on the show. Listen along as Paul teaches about what structured notes are, what problems they claim to solve, and why the financial media doesn’t give you enough information to understand how they work. If you’ve never heard about structured notes or they have piqued your curiosity, Paul spends some time to help you feel confident about your investments and not be in the dark about this product.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 15, 2023
Black Swan Events: Learning How to Be Anti-Fragile
Most parts of life happen in a predictable way. Things like, how wealthy you are, how tall you are, or even market returns create a bell curve with most people being average and fewer people on the extremes. However, there are a few events in the financial world called black swan events, like the Great Depression, that don’t fit this pattern. Today, Paul and Anne find an article called “Hope for the Best, Prepare for the Worst'' that unfortunately is encouraging people to buy annuities, but Paul thinks the message is valid: You have to learn how to build a financial foundation that isn’t fragile and that withstand a few years of bumps along the way in order to meet your goals. Listen along as Paul shares his insight on this topic and why just jumping into an annuity isn’t the solution. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 12, 2023
5 Questions Women Need to Be Able to Answer About Retirement
Women usually face a much different retirement landscape than men. Single or divorced women outlive their male counterparts and think and plan less than men around retirement. Today, Anne brings an article called, “The Keys to Helping Women Build Retirement Strategies” that covers 5 questions all women need to be able to answer about their plans for the retirement stage of life. Later in the episode, Paul and Anne talk about the American Dream Experience, how it’s giving people hope and clarity around purpose and money, and how you can get involved.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 11, 2023
Pushing Past the Awkwardness: Marriage and Prenups
In this episode, Paul and Anne discuss why prenups should be more popular. Listen along as these two advisors talk about why it may be important for couples to push past the feelings of awkwardness and consider a prenup to address property, wealth, or businesses either party has and how marriage impacts this. This is especially true for people considering marriage or re-marriage later in life. Later in the episode, Paul and Anne share a laugh about an advertisement for gold on the Weather Channel. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 10, 2023
Jason Zweig on Being a Great Investor: What Does It Take? (Part 2 of 2)
Being a successful investor and staying the course is hard in today’s world. In part two of Paul and Jim’s discussion on "The 7 Virtues of Great Investors," these advisors share the final four virtues of successful investors: Humility, Discipline, Patience, and Courage. Listen along to hear why these are more important than any investment product or strategy you might turn to reach your goals.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 9, 2023
Jason Zweig on Being a Great Investor: What Does It Take? (Part 1 of 2)
Paul and Jim share an article called, “The 7 Virtues of Great Investors.” In today’s financial climate, it's easy to believe that staying up to date on the news, on financial products, and on investment strategies is going to help you grow and improve as an investor. This recent article by Jason Zweig gets to a deeper truth: that personal growth and knowing yourself is the most important part of being a great investor. Part 1 of this two-part episode addresses the question, “Are you letting strangers do your thinking for you?” Listen along as these advisors share the first three virtues of successful investors: Curiosity, Skepticism, and Independence.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 8, 2023
”Undiscovered” Stocks PWI Has Used for More Than 20 Years
Paul brings an article from MarketWatch titled “An undiscovered universe of stocks is trading at ‘near generational lows’ fund manager says” that shows how bad the industry is at diversification because PWI has known about and invested in this part of the market for over 20 years. Listen along as Paul talks about the difference between U.S. and international companies, between small-cap and large-cap companies, and what you need to know to transition from trailing investment trends to securing market returns.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 5, 2023
One in Four Americans to Live with Disability: Are You Prepared? (Part 2 of 2)
Whether from age, illness, or an unexpected life experience, most Americans will either need a caregiver or be a caregiver at some point in their life. In a two-part series, Paul brings Chad Henson, a PWI advisor, Chartered Special Needs Consultant® (ChSNC®), and Chartered Retirement Planning Counselor® (CRPC®), to talk about how simple it can be to take steps toward securing your own future or the future of a loved one impacted by disability. Listen as these two advisors talk about why having a basic or incomplete plan is better than not having one at all.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 4, 2023
One in Four Americans to Live with Disability: Are You Prepared? (Part 1 of 2)
Whether from age, illness, or an unexpected life experience, most Americans will either need a caregiver or be a caregiver at some point in their life. In a two-part series, Paul brings Chad Henson, a PWI advisor, Chartered Special Needs Consultant® (ChSNC®), and Chartered Retirement Planning Counselor® (CRPC®), to talk about how simple it can be to take steps toward securing your own future or the future of a loved one impacted by disability. Listen as these two advisors talk about why having a basic or incomplete plan is better than not having one at all.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 3, 2023
Most Financial “Planning” Is Just Product Sales—Here’s How to Spot It
Unfortunately, most of what we consider to be financial planning in the world today is just product sales disguised as financial advice. Today, Paul shares two tactics advisors use to try to sell their investment products that you need to know before you walk into a planning meeting. Listen along to hear how sales people can twist things that you know are true to sell you something that you would never agree to buy if you were more educated about the product. Later in the episode, Paul feels bad for investors who got overly excited about real estate and now own a property that’s not meeting their expectations.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 2, 2023
30-Year Bond Holders Learned a Tough Lesson: How to Avoid Their Mistake
Risk is a topic that quickly puts the average investor in a defensive position. Are you taking enough risk? Are you taking too much? The investment industry loves to use risk to push you toward certain “low-risk” or “high payout” products. Today, Paul shares about the investors who stocked up on 30-year bonds because they had a long track record of being “safe,” only to be slapped by unexpected rising interest rates. Listen along as Paul teaches what you need to know about risk and investing and why staying uneducated is a risk you shouldn’t be okay with.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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May 1, 2023
Endless Information Feeds Worry and Dissatisfaction
The internet can feed you endless information to confirm whatever thoughts and insecurities you bring to it. If you're worried about your financial well-being, there are endless tips and tricks to help you improve. If you're worried about the state of the world, there are 24-hour news cycles confirming your fears. All this information makes it almost impossible to relax and think clearly. Today, Paul encourages investors that there is a way to find peace and relax about money in today's chaos, but it may involve being less hungry for information and just unplugging this endless source of information. Later in the episode, Paul brings a study that shows what cognitive dissonance is and why no one is immune to it.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 28, 2023
It’s Time to Change How We Think About Digital Media
We have to change the way we think about digital media to get healthier and see the world for what it is. Paul brings up a book called *Our Digital Soul: Collective Anxiety, Media Trauma and A Path Toward Recovery* by Jennie Black and Bob Hutchins that impacts digital media on our minds and bodies. Paul shares that when you mix capitalism and journalism the result is a country that shares more negative news stories than most other countries in the world. Later in the show, Paul talks about how robotic portfolios have been trained to stock pick and market time and leave investors in the dark about what’s going on.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 27, 2023
ANOTHER Sales Tactic: Your Portfolio Is Outdated
Paul gets an email from an investment firm titled “Make Sure Your Investment Portfolio Isn’t Collecting Dust.” Paul talks about the difference between selling and buying as a means to rebalance your portfolio and market timing, which is what this email is recommending. Paul’s advice: Don’t be afraid of a little dust on your portfolio because buying and selling investments to keep your portfolio “fresh” is a strategy that works for investment firms, but doesn’t work for you. Later in the episode, Paul explains what full insurance coverage really looks like and how insurance works to protect your savings in a similar way that a moat protects a castle.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 26, 2023
Starting Retirement When You’re Self-Employed
Paul shares a conversation with an entrepreneur who wanted to get their retirement started. Listen along as Paul shares the most common retirement options for people who are self-employed, as well as options for the entrepreneur who has just a few employees. Paul breaks down specific tax benefits, contribution limits, and regulations of these retirement accounts and encourages people who are self-employed to start investing. Later in the show, Paul talks about funds marketed as "Total Market" funds that unsurprisingly ignore entire sections of the market.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 25, 2023
Know Your Bias: Understanding Hindsight Bias
Part of being a confident investor is knowing your own biases and how they affect your outlook on the word. Today, Paul opens up with a conversation about geo-political tensions to talk about “hindsight bias,” a phenomenon where—after the event happens—your brain convinces you that you it was going to happen all along. Paul explains it’s better to be patient and trust the process and instead of letting hindsight bias lead you into market timing. Later in the episode, Paul shares the most recent PWI newsletter that addresses some of the most pressing questions from investors and investor anxiety.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 24, 2023
Insurance that Can Help You Weather Life’s Most Difficult Circumstances
Paul and Ira share the sobering reality of what happens when people get caught without disability and life insurance. These stories usually have a common thread: “I didn’t think it would happen to me.” Paul levels with investors and encourages them to take a look at these products and build a financial plan that can weather life's most difficult circumstances.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 21, 2023
Negative News Is a Sales Tactic
Negative financial news coverage has a specific job: it garners attention, informs people of problems, and sells solutions. Paul shares a video that really hits the nail on the head about how negative information affects your brain and how the news outlets wield that against you. Later in the episode, Paul and Ira unpack the drama around the US dollar right now and share how investors aren’t being given an objective view of the situation.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 20, 2023
What You Can Learn From Warren Buffett’s Historic Career
Everyone thinks of Warren Buffett as a legendary stock picker, but he doesn’t see himself that way. Paul brings to the show an interview where Buffett shares what he believes the secret to investing success is. Listen along to hear Buffett share his perspective on financial news and why he doesn’t pretend to know what will happen to companies in the coming weeks, let alone twenty years from now. Later in the episode, Paul shares Warren Buffett’s opinions on Bitcoin.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 19, 2023
It’s Easy to Get Sold On a Bad Life Insurance Policy
Ira and Paul talk about how easy it is to get sold on a bad insurance policy that gives owners unrealistic expectations about what the policy is going to pay out. Ira shares about a life insurance policy that he bought when he was younger, that turned out to be better for the person who sold it than it is for him. Listen along as these advisors help you navigate the kinds of insurance products you should stay away from and help you learn from their mistakes.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 18, 2023
Is Now the Time to Swoop in on Bank Stocks?
The temptation to market time is at its highest when prices go down. Today, Paul and Ira talk about the recent sag in bank stock prices since the banking sector crisis. They also discuss an investor who was encouraged to invest in these stocks in order to take advantage of their eventual rebound. Paul shares why the banking sector is more complex than investors realize and why now is not the time to swoop in on bank stocks.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 17, 2023
For Richer or For Poorer: Handling Money in Marriage
Today, Paul sends Arlene Brown, a Certified Divorce Financial Analyst, the WSJ article called “Money Can Break a Marriage, Even Getting More of It” to get her insight about how money affects marriage. Listen along as these advisors talk about how both having little and getting a large windfall of cash can potentially end a marriage and why “for rich or for poor” can be the most challenging vow a couple has made. Later in the episode, Paul and Arlene both shake their heads at the headline, “Stock Haven’t Looked this Unattractive Since 2007” and explain why you should not give it any thought.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 14, 2023
Why Is It So Hard to Relax About Money?
Today, Paul talks about why living in a world of negative news is the greatest challenge for investors to overcome. If you want to stay disciplined and reach your financial goals, fear of the future is your enemy. Paul finds a WSJ article that asks, “Why is it so hard to relax about money?” Listen along as Paul talks about negativity bias and how the news is trying to use fear to motivate you and change your outlook on the world. Later in the episode, Paul talks about Indexed Universal Life products struggling and why their motto “Zero is Your Hero” is a horrible sales tactic.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 13, 2023
Is the U.S. Dollar Going to Be Dethroned?
China and Russia are strengthening their relationship. The dollar is struggling. It’s almost impossible for investors to know if the news they take in is educational or political. Today, Paul and Arlene explain what you need to know about these geopolitical tensions, the world's largest economies, and their currencies. Listen along as Paul explains what has been happening with the dollar in the last two years and why this kind of reporting is overblown. Later in the episode, Paul shares an article from MarketWatch about why investors are frustrated with their advisors.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 12, 2023
Informed Investors Should Be Informed Citizens
Today, Paul talks about the need for informed investors to also be informed citizens. Paul shares a clip from CNBC about the government's role in creating our current economic climate. Listen along as Paul talks about why investors should be using the voting booth to drive positive change in our laws and regulations that affect the economy. Later in the show, Paul talks about what you should do when you see the word “could” in the news and why we shouldn’t yet be worried about the value of the dollar. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 11, 2023
Costco Is Proving There Is More Than One Way to Navigate Inflation
Sensational headlines and negative coverage is designed to keep our attention. Today, Paul calls out the news for not telling the whole story by claiming that inflation is out of control and the dollar is crashing. Listen along as Paul shares why Costco is proving that there is more than one way to navigate inflation. Paul dives into why a momentary dip in earnings is a strategy for Costco to beat out its competitors and why, historically, companies work with consumers during inflationary periods to offer sales, smaller quantities, or high quality products to help consumers feel more comfortable with their purchases and drive up stock prices. Later in the episode, Paul talks about why the S&P 500 shouldn’t be the standard for a diversified portfolio. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 10, 2023
Why You Should Tune Out the News for a While
Paul is noticing that people are starting to feel unsettled about the state of the economy in the United States. Unfortunately, this is a result of the news not telling the full story and then making predictions about the future based on only part of the information. Listen along as Paul talks about what businesses do to sustain success as times change and why you should tune out the news for a while.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 7, 2023
These Mistakes from Millennials Can Help You Succeed at Investing
Ira and Jim bring an article to the show today called “11 Most Costly Mistakes Millennials Are Making that You Can Avoid” and share why they think everyone is susceptible to these mistakes. Listen along as these advisors share the thoughts, behaviors, and habits that separate people who can relax about their money from people who can’t.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 6, 2023
Taking Money From Your 401(k) Before 59½: The Rule of 55
Today, Ira and Jim talk about when and why you would want to take money out of your 401(k) before the age of 59½. Most people know about the 10% penalty for taking money out early, but don’t know that some plans and the IRS allow for taking money out after 55 if you leave or lose your job. Listen along as these advisors share how job changes later in your life can change your retirement plans and what you need to know about your 401(k) plan to avoid creating tax and income issues down the road.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 5, 2023
Paul Addresses Conspiracies Around Markets and the Banking Sector (Part 2)
Join Paul in this two-part series as he tackles the subject of conspiracy theories and market predictions. After hearing people entertaining conspiracy theories about struggles in the banking sector, Paul wants to explain to investors why investors are susceptible to these kinds of stories about any market segment when it faces challenges. The reality is that these kinds of predictions and theories make investors feel safe and in control, but they are too simple to explain complex markets. Listen along as Paul gives you the skills you need to embrace uncertainty, navigate complex and confusing markets, and relax about money.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 4, 2023
Paul Addresses Conspiracies Around Markets and the Banking Sector (Part 1)
Join Paul in this two-part series as he tackles the subject of conspiracy theories and market predictions. After hearing people entertaining conspiracy theories about struggles in the banking sector, Paul wants to explain to investors why investors are susceptible to these kinds of stories about any market segment when it faces challenges. The reality is that these kinds of predictions and theories make investors feel safe and in control, but they are too simple to explain complex markets. Listen along as Paul gives you the skills you need to embrace uncertainty, navigate complex and confusing markets, and relax about money. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Apr 3, 2023
Commodities Futures Trading Commission (CFTC) Files Lawsuit Against Crypto Giant
Ira and Jim talk about some big news for crypto that made it to the front page of the Wall Street Journal. After a period of investigation, the CFTC files a lawsuit against Binance, the world’s largest crypto exchange platform, for evading U.S. laws and regulations around trading and investing. Listen along as these advisors caution investors to avoid the success stories around crypto because it can lead to both financial and legal issues. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 31, 2023
What Your First Meeting with an Advisor Should Look Like (Part 2)
This week Paul overhears a conversation between a financial advisor and an investor where the investor was given a lot of product-driven options and asked to make a decision on their own. Today, Paul talks about how he begins the financial planning process with every new investor to help you understand what to expect and give you confidence that you have found a good fit.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 30, 2023
What Your First Meeting with an Advisor Should Look Like (Part 1)
This week Paul overhears a conversation between a financial advisor and an investor where the investor was given a lot of product-driven options and asked to make a decision on their own. Today, Paul talks about how he begins the financial planning process with every new investor to help you understand what to expect and give you confidence that you have found a good fit.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 29, 2023
The Temptation to Market Time Because of High Interest Rates
As interest rates go up, the investment industry and individual investors rush to figure out which products can help them avoid loss. This is because of two common misconceptions: (1) that high interest rates hurt stock markets, and (2) that tweaking your portfolio as interest rates rise isn’t market timing. Today, Paul addresses the current investing climate and the temptation to market time because of high interest rates. Later in the episode, Paul talks about why markets have historically been great protection against inflation.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 28, 2023
Is the Federal Government Encouraging Risky Behavior from Banks?
The conversation around FDIC insurance and bank regulation has not cooled off since the banking scare a few weeks ago. Is the federal government encouraging risky behavior and enabling them by covering losses? Was this banking crisis the Federal Reserve’s fault for raising interest rates too aggressively, hurting bond prices? Is FDIC insurance getting outdated and does it need to be reevaluated? Paul covers all these topics in today’s episode. Paul also shares a resource that will help you calculate how much FDIC insurance you have on your deposits.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 27, 2023
Do Fund Companies Handle Your Money Safely?
Do you know that when you invest with fund companies, there are built in safety features that protect against loss, theft, and other risks. Some of the money becomes FDIC insured through the fund companies cash position and money market accounts. Third party custodians act similarly to accountants and ensure that money is properly handled by buying and selling investments on behalf of the fund company. Listen along as Paul, Evan, and Ira help you relax about money by teaching you about some of the safety features between an investor and a fund company and explain some of the inner workings of the investment process. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 24, 2023
Indexing Is Not a One-Size-Fits-All Strategy
There are more than 6 trillion dollars attached to either the S&P 500 or funds that track it. Paul responds to the common misconception that his main strategy for investing is indexing. Today, Paul talks about why indexing can be dangerous and gives too much power to the people who decide which companies get put in any given index. Listen along as Paul explains which areas of the market are being indexed well and why he doesn’t recommend indexing as a one-size-fits-all strategy. Later in the show, Paul shares how easy it is for people to get sucked into trying to market time or get ahead somehow. Ira encourages investors that the desire to beat the market will come and go and you just need to be patient with the results. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 23, 2023
A Retirement Boom Is Coming: Know the Four Phases of Retirement
Over 10,000 baby boomers will retire everyday over the next 10-15 years. With so many people entering into uncharted territory, Paul shares a presentation that will help retirees understand that the vacation phase of retirement will quickly wear off and that retirement is an opportunity for people to reconnect with themselves, their purpose, and develop new skills. Listen along as Paul shares the four phases of retirement that may help you or someone you know get personally ready to be retired. Later in the episode, Paul talks about an unfortunate bump in crypto interest after uncertainty in banks this week, but how no one is coming to bail out crypto owners if they lose a fortune from a lost password. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 22, 2023
Annuities: A Mistake for Investors and a Conflict of Interest for Advisors
The fight against misinformation about annuities continues this week after an investor opens up to Paul about their biggest investment mistake. Paul finds an article claiming that annuities can help investors fight inflation, and he explains why annuities are often a mistake for investors and a conflict of interest for the people selling them. Later in the episode, Paul explains why you want to be educated about the investing process and the unfortunate reality that most of your financial education has been on the products, not the process.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 21, 2023
The Illusion of Risk-Free Investments: Lessons from Silicon Valley Bank
Today, Paul talks about why an academic approach to investing may sound boring, but could save you from a lot of pain in the future. Drawing from the recent failure of Silicon Valley Bank, Paul warns listeners about the dangers of trusting financial institutions like banks and insurance companies that promise risk-free investments, or guaranteed payments, and he emphasizes that every investment has risk. The key, Paul explains, is understanding how to build a solid financial plan and learning how to take the appropriate risks for your situation.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 20, 2023
How Quickly Real Estate Markets Can Cool Off
People often believe that real estate is a stable investment and forget just how quickly real estate markets can cool off. Paul shares a story from early in his career when it was unpopular to buy real estate properties, like condos. Paul cautions investors about the risks of purchasing an illiquid asset when tax laws, buying patterns, and interest rates can change at any time. Later in the show, Paul revisits a study on disclosing conflicts of interests and why it’s so easy to get caught up in a company who is selling you products and is not concerned about your financial future.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 17, 2023
Starting, Growing, and Succeeding as a Small Business with Dean Diehl (Part 2)
Usually The Investor Coaching Show covers topics about investing and planning for a time in your life when you come to the end of your career. In this two-part episode, Paul wants to talk about starting, growing, and succeeding as a small business. Paul invites former Sony executive and business professor Dean Diehl onto the show to talk about his new book Crawl, Walk, Run. Listen along as the two talk about how small business owners can safely test small business ideas, transition into full-time work that meets the real needs of their community, and become profitable and successful for the long-haul.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 15, 2023
SVB Crashes: A Lesson in Diversification
Listen to Paul cover the Silicon Valley Bank crash the day after the Federal Deposit Insurance Corp. seized the bank’s assets. Paul talks about both the failure of the bank's investment practices and the failure of regulators to allow a bank, which had almost $200 billion in deposits two years ago, to experience this kind of meltdown. Paul explains how this is a valuable lesson in diversification for all investors and why investing too heavily in bonds can backfire.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 14, 2023
Paul Appears on the News to Address the Silicon Valley Bank Crisis
After the banking sector took an unfortunate spotlight in our nation over the weekend, Paul appears on WTN to explain the banking crisis, how it happened, how it’s being covered, and most importantly to start to answer the question, “Can we trust the American banking system with our money?”
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 14, 2023
Starting, Growing, and Succeeding as a Small Business with Dean Diehl (Part 1)
Usually The Investor Coaching Show covers topics about investing and planning for a time in your life when you come to the end of your career. In this two-part episode, Paul wants to talk about starting, growing, and succeeding as a small business. Paul invites former Sony executive and business professor Dean Diehl onto the show to talk about his new book Crawl, Walk, Run. Listen along as the two talk about how small business owners can safely test small business ideas, transition into full-time work that meets the real needs of their community, and become profitable and successful for the long-haul.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 13, 2023
Corporate Landlords Hurting Investors and Tenants
Paul shares a clip about corporate landlords negatively affecting real estate markets and the disastrous effects this can have on tenants and real estate investors. Listen along as Paul shares just how harmful real estate investing can be when it gets out of control. Later in the episode, Paul talks about investors falling over Tesla stock again and why stock picking and emotional investing never seems to go away.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 10, 2023
Having a Safer Income Through Diversification
This week Paul works with an investor to help them understand why the performance of the S&P 500 over the last five years is not directly related to a safe income in retirement. Listen along as Paul explains the sequence of returns risk and how investors can have a safer retirement income through diversification. Later in the episode, Paul talks about “making a lock box” for social security and the new bill called the Social Security and Medical Lock-Box Act.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 9, 2023
The Senate Decides ESG Shouldn’t Be in Federal 401(k)s; Biden Disagrees
The battle around ESG products is heating up. It centers around whether or not the products can be in the best interest of investors planning for retirement and how the products fit into the larger American conversation around climate change, energy use, and capitalism. Last week, the Senate voted to overturn a Labor Department rule allowing ESG products in 401(k)s, and Biden vows to veto. Listen as Paul and Anne share about why they believe ESG products serve neither the companies nor investors. Later in the episode, Paul and Anne talk about advocating for yourself as the lower earner in a divorce and a workshop Anne is hosting next month for women about women and wealth.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 8, 2023
If You’re So Smart, Why Aren’t You Rich? A Look at the IQs of CEOs
At some point in your life, you’ll likely hear that either someone is wealthy because they’re smart or that someone is struggling with money because they lack intelligence. A listener sends Paul an article that looks at income and intelligence of CEOs. Paul explains why intelligence is diverse and hard to measure and shares the skills that most people agree make you more effective and successful in the workplace.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 7, 2023
Can Apple Keep Being a Tech Disruptor? And What that Means for Stockholders
Paul and Anne talk about some recent red flags for Apple, who turned into a tech behemoth by putting out new and innovative products but is now saturating the market with its yearly releases of similar products. Can Apple keep being a tech disruptor? Paul comments on how many American investors’ portfolios are likely overweighted in companies like Apple and why you don’t want to stake your financial future on continued success for just a few companies.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 3, 2023
Commision-Based Products Give Advisors the Wrong Incentive
One reason that products like annuities are still being sold to investors is that advisors are being given large financial incentives for selling them. Ira shares two different mass emails he received this week from companies that are trying to help him as an advisor sell annuities or other commision-based products. Listen along as the Paul Winkler team talks about why commission-based products give advisors the wrong incentive and could put them at odds with their fiduciary responsibilities. Later in the episode, Jim finds many investors are being convinced that investing is gambling. Today, he brings an article called “Investing, Done Correctly, Is Not Gambling” to sort out some of the misinformation.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 2, 2023
Ira and Jim Share Their Experiences Before Working at PWI
Today, Paul turns over the reins of the investor coaching show to Ira Work and Jim Wood, who share how they both got into the industry, what it was like working for insurance companies and broker-dealers, and how they came to understand that investors deserved more than what their jobs could offer. Later in the episode, Ira brings up an article about finding fulfilling employment in your retirement years, asking the question, “Can you work and be retired?”
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Mar 1, 2023
Paul Responds to Skepticism About Poor Gold Returns
This week Paul got some push back from a listener about saying that gold isn’t an investment and has had practically no return in the last 40 years. Paul takes a minute to address what he said about gold and explains what investors need to know about investing in commodities like gold and how it clashes with the investment philosophy of PWI. Later in the episode, Paul talks about an old workshop about investor fears and how fear can lead to decreased purpose around life and money.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 28, 2023
Could Index Investing Hurt the Market?
As time and technology changes, so does the way we interact with markets. Paul finds an article called “Growth of index investing is no threat to market efficiency, study says” and wants to explain to investors what index investing is, what an efficient market is, and why index investing is foundational to investing principles. Later in the episode, Paul shares a timely comment about inflation from the St. Louis FED chair.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 27, 2023
The Reality of Investing in Companies You Don’t Like
Paul shares a practice that is almost identical to stock picking but is harder to spot. There is usually a drive for investors to “do good” by choosing companies that seem reputable or cutting edge and removing companies that don’t align with their personal or political beliefs. Listen along as Paul shares about the reality of investing in companies you don’t like and why emotion or conviction should not be the guiding principles to choosing companies that go in your portfolio. Later in the episode, Paul talks about how a small group of coders are working on the Bitcoin system trying to keep it safe and alive.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 24, 2023
The FEDs Digital Currency and the Problems It Solves
Paul helps educate investors of the FED’s proposed digital currency and the problems it solves. There is a lot of misinformation about the risks of a cashless society or government overreach, but Paul wants investors to understand more about the money supply and the advantages of a digital currency over a physical currency, allowing businesses to operate more safely and efficiently. Later in the episode, Paul and Lovectecus talk about how 2023 has included more UFOs and weather balloons than anyone expected.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 23, 2023
Here’s a Book Paul Thinks You Should Read
Today, Paul talks about some of the key takeaways from the book From Strength to Strength: Finding Success, Happiness, and Deep Purpose in the Second Half of Life. Listen along as Paul explains to listeners how rewarding the second half of life can be and how you can transition to a life full of personal fulfillment and strength as your skills begin to shift later in life. Later in the episode, Paul talks about the difference between intrinsic and extrinsic goals and how they affect your feeling of personal fulfillment.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 22, 2023
Investing Before Tax Filing: A Guide for Choosing Accounts and Investments
With tax filing season upon us, you may be considering opening new investment accounts or making specific contributions to an old account that fit into your tax-filing strategy. Today, Paul provides a guide for choosing accounts and investments that will align with your goals and maximize your filing this year.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 22, 2023
Fear of a Downturn Looms Over News in 2023
Paul noticed a headline during a financial TV show using market futures to claim that the DOW was going to be down four of the last five weeks. Paul explains why cherry-picking the DOW (30 companies) to predict market patterns doesn’t help investors understand an important investing concept: market volatility. Listen along as Paul explains why it is good for investors that there is risk involved in investing and how insurance companies love these kinds of headlines because they use fear to encourage investors out of arguably the greatest wealth-building tool in the history of mankind.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 20, 2023
Advisors Being Encouraged to Up Risk for Investors
How does your advisor know how much risk and what kind of risk your investment should have? Today, Paul, Arlene, and Ira answer these questions and talk about an article for advisors called, “Are You Playing It Too Safe With Clients' Investments?” Later in the episode, Paul shares an interview with the SEC Chairman, where he explains that it is not the SEC’s role to decide whether an investment is good for a client.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 17, 2023
The Super Bowl Curse: A Lesson in Data Mining
Do you know what data mining is? Today, Paul uses a seven-year Super Bowl curse to help investors understand how statistics can be twisted and shouldn’t be used to predict markets. Listen along as Paul shares why anyone can find a correlation between two completely unrelated topics—like stocks being connected to butter production in Bangladesh—and then convince others to participate in gambling instead of investing. Later in the episode, Paul talks about why he’s still excited about an overlooked energy source: hydrogen.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 16, 2023
Big Takeaways from the American Dream Experience
Have you heard about the American Dream Experience but weren’t able to attend? Paul and Ira talk about the recent American Dream Experience event and share some of the highlights from the people who attended. Listen along as these advisors talk about how you can gain confidence and transform your relationship with money through education.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 15, 2023
Expenses in Investing: What are You Paying and Why? (Part 2)
Management companies fight over who has the lowest fees to lure customers into products and investment methods that aren’t always best for the investor. Unfortunately, these same companies then look for ways to charge you or cut costs that may be hard to see or understand. In this two-part episode, Paul does a deeper dive into different kinds of fees, hidden expenses and costs, and how you can see through the low-fee marketing strategies to build an investment portfolio that isn’t crippled by unnecessary fees.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 14, 2023
Expenses in Investing: What are You Paying and Why? (Part 1)
Management companies fight over who has the lowest fees to lure customers into products and investment methods that aren’t always best for the investor. Unfortunately, these same companies then look for ways to charge you or cut costs that may be hard to see or understand. In this two-part episode, Paul does a deeper dive into different kinds of fees, hidden expenses and costs, and how you can see through the low-fee marketing strategies to build an investment portfolio that isn’t crippled by unnecessary fees.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 13, 2023
What’s Keeping Americans from Saving?
Paul shares a study that Americans living paycheck-to-paycheck jumped up 64%, but it’s not necessarily who you would think. Listen along as Paul talks about why people in higher income brackets are also struggling with saving. Paul talks about how spending habits have changed and what people can do to give themselves more margin and relax about money. Later in the episode, Europe is successfully weaning itself away from Russian gas and how energy struggles spark innovation and cause people to reevaluate environmental policies.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 10, 2023
Your 401(k) Is Probably Missing This
401(k)s providers don’t do a great job of representing small companies. So when small companies are doing well compared to large companies, your 401(k) is probably missing this return. Paul, Evan, and Ira talk about why fear of litigation and cost may keep providers from including these investments in your retirement and why it’s important to diversify and include an advisor in this part of your portfolio. Later in the episode, Paul asks the question: Are ESG funds picking expensive or unnecessarily risky investments?
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 9, 2023
Paul Is Getting FED Fatigue
With all the doom and gloom news coverage, markets seem to be doing better than everyone thought. But now there’s a new issue that is bringing fear to investors and investment firms: When will the FED raise interest rates? Paul explains why he is getting FED fatigue and why the economy doesn’t drive the market the way the media seems to think it does. Later in the episode, Evan continues the conversation about company earnings to explain why growth and value stocks typically behave differently. Paul reminds investors that most firms are still obsessed with large US companies.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 8, 2023
Should America Ban Crypto?
Paul shares the WSJ article by Charlie Munger called, “Why America Should Ban Crypto.” The articles claim that cryptocurrencies are neither currencies nor commodities and should be banned to keep investors from gambling with their money. Listen along to hear Paul’s perspective on how crypto compares to other currencies and investments and if he agrees that they should be banned in America. Later in the episode, Paul talks about why Social Security cuts were tabled in the most recent debt ceiling talks and why politics work in Social Security’s favor.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 7, 2023
Two Things to Know About ESG with Michael DelGiorno
Paul shared an interview from last week with Michael DelGiorno on SuperTalk 99.7, in which he shares two things you should know about ESG investments and whether or not you should be avoiding them. Listen along as Paul shares why Mutual Fund companies love ESG products and how the ESG designation actually works against companies from a profitability standpoint.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 6, 2023
Your Income and Income Tax Affects How You Should Invest
Paul talks about why your income and income tax rate will influence what kind of investment vehicles you put your money in. Listen along as Paul teaches on tax diversification and provides some simple principles you can consider to make sure that you’re navigating income taxes correctly and not paying income taxes at unnecessarily high rates. Later in the episode, Paul talks about investors wanting to look for signs that the market is either bullish or bearish.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 3, 2023
Spotting Market Timing in this Week’s Headlines
Paul brings multiple examples of major publications and financial gurus encouraging investors to time the market. The worst part is that all of these are disguised as advice and education. Listen along as Paul urges investors to practice spotting market timing in the headlines. Later in the show, Paul talks about the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act that was introduced to Congress last week.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 2, 2023
Roth IRA Conversion Question
Paul gets a question from an investor about converting a Traditional IRA to a Roth IRA. Paul explains what these investment vehicles are, the benefits of each kind, and some of the complications and misconceptions of trying to get as much tax-free money as possible in retirement. Listen along if you’ve ever been interested in investing in IRAs or converting your IRA to a Roth. Understand why a conversation with your advisor will help you know if a conversion would help you in the long term. Later in the episode, Paul answers a few questions from the estate planning workshop from last week.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Feb 1, 2023
Trying to Avoid Risk Leads to the Riskiest Behavior
Paul and Jim talk about some research in an Advisor Perspectives article called “Fortune Doesn’t Always Favor the Bold.” Paul warns investors that they will be most tempted to change their strategy when their investments are struggling. Unfortunately with most investors, trying to avoid risk and losses leads to some of the riskiest behavior. Listen along as these advisors share why trying to jump on big returns leaves your retirement in a very vulnerable position. Later in the show, Paul and Jim talk about international investing and how it relates to minimizing risk in your portfolio.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jan 31, 2023
We Live in a World of Disclosures
Paul notices we live in a world of disclosures, but are they any good at educating on the real risks of everyday life? Paul and Jim connect this to investing and share why some products and practices with obvious risks don’t have to disclose them, while other trustworthy options have to be upfront about every risk—even if they aren’t very likely to happen. Listen along as these advisors teach about risks you want to avoid, risks you should be open to taking, and why the disclosure shouldn’t be your only education on a product.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jan 30, 2023
Retirement Secrets that Are Best Kept as Secrets (Part 2)
Paul, Evan, and Ira circle back to the free resource “Keep Your Next Egg Safe from the IRS Money Grab” to cover some more investment “secrets” that were too dangerous not to share with investors. At the end of the episode, Paul answers a question he received from an investor about ESG investing.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jan 27, 2023
Rising Interest Rates: Should I Move My Fixed Income Assets?
Paul, Evan, and Ira begin by talking about why the American Dream Experience is something they would recommend for people of all ages and the difference it has made for people who are looking to understand money, purpose, and personal fulfillment. They go on to answer a question from a listener who wants to know about rising bank interest rates and your fixed income assets. Listen along as Paul teaches some about time horizons in investing and why now may be a good time to look at the options you have for the money you would need easy access to should an emergency or opportunity arise.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jan 26, 2023
Retirement Secrets that Are Best Kept as Secrets (Part 1)
This week Evan shares some “secrets” in a free resource called “Keep Your Next Egg Safe from the IRS Money Grab” from a popular retirement guru, and he is eager to hear some feedback from Paul and Ira. Listen along to be able to spot some “tricks,” “secrets,” and “tips” that don’t actually help your investments but instead could mislead you or someone you know into some strange retirement practices. Later in the episode, the advisors answer the question: Can retirement negatively affect your mental health?
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jan 25, 2023
Paul Follows Up On Nuclear Energy Advances
Paul follows up on some amazing opportunities in nuclear energy advancement that create less radiation, create the hottest temperatures in the solar system, and eliminate meltdowns altogether. Listen along as Paul explains why it’s important to be patient and optimistic about the future of technology and markets.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jan 24, 2023
Wells Fargo Encouraging Market Timing
This week Wells Fargo told investors it is time to get into a 60/40 blend portfolio because it would rebound this year. One way to spot market timing is to watch when companies are trying to show you a product with good short term returns, or one that is “rebounding.” Statements like these may sound like they're in your best interest, but they are only encouraging you to buy things after they have already gone up. Listen along as Paul, Evan, and Ira explain a better approach for choosing your investments.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jan 23, 2023
20 Problematic Funds for Long-Term Investors
Paul, Evan, and Ira talk about a ThinkAdvisor Article called “20 Good Funds for Long-Term Investors” that is full of funds with junk bonds, funds that have little to no diversification, and funds that capture the wrong parts of the market. Listen along as they talk about why these kinds of articles cause confusion around investing, and they also explain how these funds fall short.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jan 20, 2023
What Is the Fair Tax Act?
Paul gets a question on the Fair Tax Proposal in Washington that would be a complete overhaul of our tax system replacing what we have with a “Fair Tax.” Paul is here to explain what the Fair Tax Proposal is, how it may affect consumers, businesses, and investors, and how likely it is to become law. Listen along to hear what Paul likes about this idea and what will keep it from being adopted by the U.S.
Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jan 19, 2023
Firm Manager Admits to Playing Games with Investor Money
Paul is shocked to find a bit of truth on TV this week around investment firms. Listen along as Paul shares a clip of a firm manager admitting to investing in products that investors like the sound of instead of sticking to proven academic investing strategies. Paul asks, “Would you want your doctor to prescribe a treatment that sounds good to you, or that will help you be healthy?” Paul shares how frustrating it can be to see companies do this and then claim to be working in your best interest. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jan 18, 2023
People Are Getting Paid to Make Predictions
Every year, television, newspapers, social media, and magazines are full of predictions about what’s coming in markets and new strategies you should adopt. Paul and Jim are here to share that these people are getting paid to make predictions. Listen along as Jim shares how uneducated financial predictions are and why you shouldn’t put your hope or entrust your finances in them. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jan 18, 2023
Everyone Should Know About Income Smoothing
Have you ever felt guilty about taking extended time off of work? Are you stuck in a pattern of spending all your income and feeling anxious about the future? Paul and Jim talk about what income smoothing is and how you can reshape the way you view your income, work around destructive money habits, and relax about money. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.
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Jan 16, 2023
You Never Know What a Year Is Going to Bring
The new year brings a new opportunity to fall into a common psychological trap around investing: recency bias. Paul wants you to know it’s easy to assume that the market is going to keep doing what it did last year, and that affects how the financial news media and other financial companies are going to market products to you. Listen along as Paul explains why the market is priced based on what happened in 2022 and why you never know what a year is going to bring. To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Jan 13, 2023
Paul Is Tired of These Outrageous Investing Ads
Paul sees a real estate investing ad that sounds like it’s just flat-out lying to investors, so he pauses the TV to read the fine print and is appalled to find just what's going on. Listen to hear about what happens when you have an industry where investment companies aren’t held to high enough standards and investors are uneducated. To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Jan 12, 2023
More Confusion on the 60/40 Portfolio
Another eye-raising article about the 60/40 portfolio, but this time is from Jason Zweig called “Your Investing Strategy Just Failed. It's Time to Double Down.” Listen along as Paul, Ira, and Anne talk about what the article gets right and wrong, why which investments you buy are just as important as the mix, and how to avoid products or strategies that are going to deplete your source of income in retirement. To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Jan 11, 2023
SECURE Act 2.0: What You Need to Know (Part 2)
In this two-part episode, Paul, Ira, and Anne spend an hour updating investors on the SECURE Act 2.0, a massive piece of tax legislation that impacts almost every tax-advantaged investment vehicle. Listen along as these advisors cover the changes in the law with regard to Roth IRAs, Inherited IRAs, Roth 401(k)s, 529s, and RMDs. Pauls explains why investors should be slow to let taxes control their investing strategy, but he also explains why you should also be diversified from a tax perspective.
To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Jan 10, 2023
SECURE Act 2.0: What You Need to Know (Part 1)
In this two-part episode, Paul, Ira, and Anne spend an hour updating investors on the SECURE Act 2.0, a massive piece of tax legislation that impacts almost every tax-advantaged investment vehicle. Listen along as these advisors cover the changes in the law with regard to Roth IRAs, Inherited IRAs, Roth 401(k)s, 529s, and RMDs. Pauls explains why investors should be slow to let taxes control their investing strategy, but he also explains why you should also be diversified from a tax perspective.
To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Jan 4, 2023
Leave Those 2022 Markets Behind You
With 2022 in the rearview mirror, Paul encourages investors to leave the past in the past. One of the easiest traps for investors to believe is that whatever happened will continue to happen. Paul encourages investors that we don’t know what the stock market, economy, inflation, or politics will look like in 2023. Later in the episode, Paul shares a family tradition he has in the new year that encourages him and his family to make SMART goals.
To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Jan 3, 2023
What Will You Do in 2023? (Part 2)
Paul talks about reflecting on life and personal goals as we move into the new year. Paul reflects back on some of his past goals and talks about some of his habits around staying focused and motivated. Listen along to get some ideas about how you can approach personal growth in 2023.
To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Jan 2, 2023
What Will You Do in 2023? (Part 1)
Paul talks about reflecting on life and personal goals as we move into a new year. Paul reflects back on some of his past goals and talks about some of his habits around staying focused and motivated. Listen along to get some ideas about how you can approach personal growth in 2023.
To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Dec 30, 2022
Busting the Myth About Dividend-Paying Stocks
Today, Paul and Ira bust the myth about taking an income with dividend-paying stocks. Listen along as they talk about why companies pay dividends and why this is a risky approach to investing. The advisors then segway into a conversation about how many people downplay the risk of inflation and the expenses of aging when they choose conservative assets with little upside potential later in life.
To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Dec 29, 2022
Games Management Companies Play
Paul and Ira talk about the games management companies play when they design funds. Management companies are more interested in funds that sell than in funds that perform well because they can just get rid of all the underperforming funds after they tank. Listen along as these advisors share some products that are obviously marketing tools and encourage you not to play these companies’ games.
To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Dec 28, 2022
Investing Basics: Choosing 401(k) Funds
Paul and Ira talk about what they do when 401(k) plans don’t offer any of the funds that offer proper diversification. Listen along as the advisors share why some of the best funds aren’t popular options in your 401(k) plan and how to make the most of the funds that are available. Later in the episode, Paul and Ira talk about US versus international markets.
To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Dec 27, 2022
Investing Basics: Stock Market Segments and Diversification
Today, Paul and Ira talk about why diversification is more than just a buzzword. Paul and Ira share the experiences that brought them to the academic investment principles we use at Paul Winkler Inc. Listen along as they explain the different segments that come together to make what’s considered “The Stock Market,” the segments that they include in a diversified portfolio, and why.
To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Dec 26, 2022
Why Investing Based on Values is a Trap
Trying to invest in companies that align with your personal moral values is a slippery slope. Today, Paul, Evan, and Ira look at a Christian investment company that helps Christians avoid investing in anything that doesn't align with their beliefs. Are the top holdings any different than what the industry loves to sell? Listen along to hear why values-based investing is practically impossible, and how it’s usually just a marketing tool. To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Dec 23, 2022
Jason Zweig Nails Hindsight Bias
The market doesn’t have a memory, but investors do. And many investors get fooled because of it. Paul shares an article from the WSJ called “Mirror Mirror on the Wall, Who Knew that Stocks Would Fall?” by Jason Zweig. He interviews people about their predictions for 2022 in January, and then follows up at the end of the year to see if anyone can remember their predictions. Investors strangely remember making predictions they never made. Listen along as Paul explains hindsight bias and how it can kill a great investment plan. Later, Paul and the team spend some time talking about changes for Apple in the EU, and why markets need competition.
To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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Dec 22, 2022
Electric Vehicles in 2023
Are electric vehicles positioned for success in 2023? Car companies and the investment industry would like you to think so. Today, Paul, Evan, and Ira talk about an article that predicts a surge in electric car sales next year. Listen along as experienced advisors break down why articles like this are great for the investment industry but bad for investors, and what hurdles electric vehicles still need to overcome to compete with their gas counterparts.
To get a copy of our new book, Confident Financial Planning, go to paulwinkler.com/book.
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