The Long View
The Long View
Nov 4, 2020
Tim Maurer: Personal Finance Is More Personal Than It Is Finance
Play • 50 min

Our guest on the podcast today is financial advisor and author Tim Maurer, the director of advisor development for Buckingham Wealth Partners. He coauthored The Ultimate Financial Plan: Balancing Your Money and Your Life with Jim Stovall, and he also wrote Simple Money: A No-Nonsense Guide to Personal Finance. He's a member of the CNBC Financial Advisor Council and is also a regular contributor to CNBC, Forbes, and Time/Money. Maurer is a certified financial planner and a graduate of Towson University.

Tim Maurer's Background

Bio

The Ultimate Financial Plan: Balancing Your Money and Your Life

Simple Money: A No-Nonsense Guide to Personal Finance

Financial Life Planning

"What Is Financial Life Planning?" by Sheiresa Ngo, CheatSheet, May 31, 2015.

"Beyond Finances: Holistic Life Planning Trends Among Advisors," InvestmentNews, Jan. 23, 2020.

"How Should Retirees Deal With Crazy Markets When They Don't Have Time to Stay the Course?" by Tim Maurer, timmaurer.com, March 20, 2020.

"Reconsidering Your Life Because of the Pandemic? You're Not Alone," by Mimi Montgomery, Washingtonian, April 21, 2020.

"Financial Planner vs. Financial *Life* Planner. Which one Is the 'Right One' for Me?" by Cristina Livadary, Mana, Jan. 24, 2020.

"'The Whole Financial Planning Process Is Wrong,' Expert Says,” by Tim Maurer, Forbes, July 28, 2017.

Financial Planning Association

NAPFA: The National Association of Personal Financial Advisors

Kinder Institute of Life Planning

"George Kinder: Three Questions About Life Planning," by J.D. Roth, Get Rich Slowly, Aug. 1, 2019.

Money Quotient

Your Mental Wealth, Drs. Ted Klontz and Brad Klontz

Kahler Financial Group

The Future of Financial Advice

Buckingham Strategic Wealth

Drive: The Surprising Truth About What Motivates Us, by Daniel Pink.

"Simple Money Portfolio," by Tim Maurer, timmaurer.com.

"Tim Maurer Simple Money Portfolio Review and ETFs to Use," by Tim Maurer, Optimized Portfolio, Oct. 7, 2020.

"Kitces: Pandemic to Accelerate Shift to AUM-Based Fee Model," by Jeff Berman, ThinkAdvisor, May 7, 2020.

"ESG Index Funds Hit $250 billion as Pandemic Accelerates Impact Investing Boom," by Pippa Stevens, CNBC, Sept. 2, 2020.

College Planning

"Is COVID-19 Creating an Education Planning Crisis?" by Tim Maurer, The Bam Alliance, June 3, 2020.

"The Non-Conformist's 4-Step Education Savings Plan," by Tim Maurer, Forbes, May 31, 2012.

Bogleheads On Investing Podcast
Bogleheads On Investing Podcast
bogleheads
Episode 029: Frazer Rice, host Rick Ferri
Frazer Rice is the author of “Wealth, Actually: Intelligent Decision-Making for the 1%”, host of the “Wealth, Actually” podcast, creator of the "Wealth, Actually" blog, and a Northeast Regional Director for Pendleton Square Trust Company. Frazer is an attorney and experienced trust officer. His wealth management career has included serving for over 15 years as a Managing Director at Wilmington Trust Company. We cover a lot of ground in this episode including estate planning, reasons for using trusts, selecting trustees, family dynamics, investing for 1%'ers, and much more! This podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free website at Bogleheads.org, and the wiki site is Bogleheads® wiki. Since 2000, the Bogleheads' have held national conferences in major cities around the country. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added on a regular basis. All Bogleheads activities are coordinated by volunteers who contribute their time and talent. This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.
1 hr
WEALTHTRACK
WEALTHTRACK
Consuelo Mack
Financial To-Do List For A New Year [2021]
Blast off! Stock markets are setting records, with tech stocks leading the charge once again. “Don’t fight the Fed” should now encompass “don’t fight the Treasury, fiscal stimulus, vaccinations and investor demand for ‘real’ (after inflation) returns.” The Wall Street Journal reports that the “S&P 500 rose 14.3% from Election Day through Inauguration Day, its best performance on record for that period.” (The Wall Street Journal “Stocks Climb To Records, Led By Tech Sector” 1/21/21)    In retrospect, 2020 was an entire year for the record books:  - A once in a century global pandemic; - Unprecedented, massive monetary and fiscal stimulus; - A brief deep recession and the shortest bear market in U.S. history; - A record-breaking stock market rally; - The continuation of near record-low interest rates - And the election of a new president with a very different policy agenda.  Portfolio rebalancing is just one of the actions on Christine Benz’ financial to-do list this year. In part 2 of our interview with Morningstar's Director of Personal Finance, she helps us get in personal financial shape for the year ahead.   WEALTHTRACK #1730 broadcast on January 22, 2021 More info: https://wealthtrack.com/2021s-financial-to-do-list-with-morningstars-personal-finance-guru-christine-benz/ Books mentioned in  the episode: 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances: https://amzn.to/3ig0cZE Morningstar Guide to Mutual Funds: Five-Star Strategies for Success: https://amzn.to/3ifVVp8 --- Support this podcast: https://anchor.fm/wealthtrack/support
26 min
Alpha Trader
Alpha Trader
Seeking Alpha
Things could get ugly quickly - Bob Iaccino joins Alpha Trader
This week’s Alpha Trader podcast features hosts Aaron Task and Stephen Alpher speaking with Bob Iaccino, chief strategist at Path Trading Partners, and co-portfolio manager at Stock Think Tank. “Be ready for an ugly January,” goes the title of Iaccino’s latest monthly newsletter. By that he means not necessarily a down move in markets, but instead plenty of volatility. While there’s been some volatility, it’s mostly been to the upside this month, with the S&P 500 up about 4%. Over the past few weeks, Iaccino and team have been unloading long positions in stocks as their upside targets get hit, narrowing holdings to just three names: AbbVie (ABBV), Best Buy (BBY), Big Lots (BIG). Taking one, the bullish position on Best Buy is easily explained - when folks get stimulus checks, they’re likely going to go out and buy a new TV. Turning to the new presidential administration, Iaccino is somewhat in agreement about the conventional and generally business-friendly nature of its makeup - plenty of recycled D.C. hands who have long histories of being mostly amenable to corporate interests. That said, Iaccino has gone through an early version of some tax proposals, and is seeing some unfriendly things like taxing of overseas profits, and corporate and payroll tax hikes. The likelihood that all these things pass may be rather small, but Chief Financial Officers should nevertheless be prepared to act. Of the big news of the past few days - and that’s the outsized moves in the likes of GameStop (GME), Bed Bath & Beyond (BBBY), Dillard’s (DDS), Express (EXPR), and BlackBerry (BB), among others - Iaccino suspects it’s an old-fashioned, coordinated (and thus illegal) gamma squeeze, only with online message boards being used today. There’s plenty more, including a detailed explanation of the gamma squeeze, yet another example of buying the rumor and selling the news, and Iaccino’s outlook for currently rallying crude oil. Learn more about your ad choices. Visit megaphone.fm/adchoices
34 min
Money For the Rest of Us
Money For the Rest of Us
J. David Stein
Meme Stocks, GameStop, Short Squeezes, and Bubbles
How coordinated buying by retail investors has turned the table on Wall Street. Are there signs of a market bubble? Topic covered include: * What are meme stocks * Why GameStop's stock (GME) has soared to over $300 from $17 in less than a month * What are short squeezes and gamma squeezes and how they can push up a stock price * How short-sellers including hedge funds are losing big against individual investors on the wallstreetbets subreddit * Is coordinated buying of options and stocks by individual investors illegal? * How market flows into stocks are taking precedence over fundamental data * Is the stock market in a bubble and how does the current market environment compare to the 1999 Internet bubble and the 2006 housing bubble? Thanks to Truebill for sponsoring the episode For more information on this episode click here. Show Notes r/wallstreetbets FOR POSTERITY—Almost Daily Grants 1.25.21 GameStop can’t stop going up by Jamie Powell—Financial Times Reddit: bull attack by Jamie Powell and Philip Stafford—Financial Times How WallStreetBets Pushed GameStop Shares to the Moon by Brandon Kochkodin—Bloomberg Submit Your Pick for the Next Meme Stock Here posted by u/AssPowers 2/18/20—r/wallstreetbets 17 CFR § 240.10b-5 - Employment of manipulative and deceptive devices.—Legal Information Institute How'd You Guys Manage to Win so Big it Made These Old Guys Drown in Their Tears? posted by u/bawse 1/24/21—r/wallstreetbets Five Things You Need to Know to Start Your Day by Cormac Mullen and Tracy Alloway—Bloomberg Tweet by Paul Kedrosky (@pkedrosky) on 1/25/21 Baupost’s Seth Klarman compares investors to ‘frogs in boiling water’ by Ortenca Aliaj and Eric Platt—Financial Times US stock rally drives ‘ludicrous index’ towards dotcom era heights by Eric Platt—Financial Times
28 min
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