The Investor Coaching Show with Paul Winkler
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Paul and Ira talk about how ubiquitous market timing is in the investment industry and how investors never really know how to measure whether or not their portfolios are successful. The reality is that a portfolio can go up 190% in 20 years and underperform the worst asset category during that time. Companies don’t usually educate investors about risk and return in investing, and instead they try to use track records and fund ratings to push products that make them the most 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 http://paulwinkler.com/call.
More and more people either can’t afford, can’t qualify for, or get dropped from their homeowners and auto insurance plans and are forced to get state insurance plans. Today, Paul and Ira talk about why having a rental property that needs a new roof and being in an accident that wasn’t your fault can be enough to get you dropped by an insurance company. Paul thinks it’s important to be an educated consumer and talks about insurance in the United States right now. The unfortunate reality is that insurance companies usually penalize you for using your insurance and there are some steps you can take to mitigate risk. Later in the episode, Paul talks about State Farm dropping 72,000 homeowners insurance policies in California and how to search for unclaimed property that may belong 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 http://paulwinkler.com/call.
How much you save for retirement is important, but what’s more important is how much you will get to keep. In a two-part episode, Paul recaps a recent workshop he taught on taxes called “Tax Planning Through The Four Phases of Retirement”. Paul covers the different kinds of taxable retirement accounts and programs like social security and medicare so that you can avoid unnecessary taxes and relax about money. You can watch this workshop along with many others by visiting paulwinkler.com/webinar http://paulwinkler.com/webinar.
How much you save for retirement is important, but what’s just as important is how much you will get to keep. In this two-part episode, Paul recaps a recent workshop he taught on taxes called “Tax Planning Through the Four Phases of Retirement.” Paul covers the different kinds of taxable retirement accounts and programs like Social Security and Medicare so that you can avoid unnecessary taxes and relax about money. You can watch this workshop along with many others by visiting paulwinkler.com/webinar http://paulwinkler.com/webinar.
Evan brings a column from MoneyWatch that talks about what happens when people get asked to put financial decisions above personal and moral decisions. You could have a strong opinion about not moving in together until you realize the amount of money you both could save by doing it. You could be against stealing or cheating until you realize how much money you could gain by being dishonest in a business deal. The reality is that money decisions exist in many places that you may not expect. Evan and Jonathan share their opinions on this column and why it’s so important not to think that money is the most important factor in decision-making. Later in the show, Evan talks about scammers pretending to be wealthy billionaires on Facebook offering investing 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 http://paulwinkler.com/call.
A survey shows that most Americans don’t see retirement as a time to kick back with their feet in the sand, but they see it as a time to live in their purpose and accomplish some of the best work of their life. Evan and Jonathan explore the implications of this on saving and planning for retirement and why there may be more optimism about retirement now than in the past. Later in the show, Evan talks about the benefit of spousal retirement contributions in your tax filing. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
Jim at the Goodlettsville office sent Paul a summit for younger investors held by a company that pushes value-based investing. The truth is companies profit from young investors who want to make a difference. Paul cautions young investors trying to make a difference in the world with their money because companies will market products that seem to make a difference, but the money doesn’t actually go to the cause; it goes to the fund company. Paul explains what happens to your money when you invest, why the returns are so low for these funds, and how you can use your money in ways that line up with your values. Later in the episode, Paul talks about a conversation he had with an investor who was leaving to invest somewhere else. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
If you’re going to go through the trouble of doing estate planning, you need to keep your heirs involved in the process. An inheritance should be a gift you give to your loved ones, but can quickly become a nightmare. Today, Evan brings a recent WSJ article called “The $1 Billion Art Collection That’s Tearing a Family Apart” to talk about the goal of an estate plan and how to keep your estate from becoming part of a legal battle that separates a family. Later in the episode, Evan brings a few common tools our brains use to make sense of the world around us that are actually “false patterning.” For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
Taking care of your mind and body are two of the most important parts of finding fulfillment in retirement. Today, Paul and Anne discuss a recent book about Nobel Prize winner Adam Smith and what it takes to stay sharp in your 80s and beyond. Listen along to hear what happens to your brain as you age and the steps you can take today to improve your mental health. Later in the episode, Paul and Anne look at a preliminary study about whether or not working with a CFP can improve your marriage. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
Paul starts the show talking about how most investors are overweighted in seven large US companies and don’t even realize it. This is because advisors and investment firms know the basic tenets of investing but don’t follow them. Paul finds that most investors already know the rules of investing and are surprised to find that their investment providers are disguising these practices and calling them other things. Later in the show, Paul shares a study called “The Misguided Belief of Investment Advisors,” which explains why your advisor's portfolio is probably performing worse than yours. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
Paul, Evan, and James talk about how quickly conversations about money and purpose come in the retirement planning process with new clients. Evan realizes that it may be difficult to slow down and think about your loved ones, your purpose, and your money. Listen along as these advisors explain how knowing your purpose for money focuses your spending and investing decisions. Later in the episode, earlier this month a house committee voted 50-0 trying to separate TikTok from its Chinese ownership and then TikTok retaliated. Evan shares about how the marketplace will likely sort out these kinds of issues faster than Congress will. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
If investing was a race and each day you did not know the location or terrain you would be racing on, it would be a good idea to come prepared with a few different kinds of investment vehicles. Today, Paul explains how the industry tries to either sell you a vehicle that would have worked well yesterday or may work well in the future. Paul wants everyone to know that you can understand enough about investing to become a confident investor. Listen along as Paul, Evan, and James explain how to avoid being sold on flashy investment ideas and build an investment portfolio that will help you get to the finish line. Later in the episode, Paul talks about companies who claim to have low or no management fees, but are charging you for something that is hard to see or understand. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
No one likes to be stressed about money and the future, but most people have a really hard time planning and following through. Why is that? Today, Ira and Anne compare two different articles that talk about cognitive biases, our brain's ability to take shortcuts when problem solving, and the ten most common problems that keep from relaxing about money. Listen along as these two advisors work to help you understand what may be holding you back from financial health and retirement planning. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
Most people walk into a meeting with a financial advisor trusting that the advisor will help them navigate the financial industry and advocate for their needs and goals. Unfortunately, that is often not the case. Listen along as Ira and Anne explain how insurance companies and financial advisors market annuities and five-star funds to investors without being completely forth-coming about how they get paid. Ira shares his early experiences selling annuities and shares the questions you can ask any advisor to quickly find out if they are helping you or just selling to you. Later in the episode, the advisors talk about the American Dream Experience and how it helps investors change how they think about 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 http://paulwinkler.com/call.
Most people walk into a meeting with a financial advisor trusting that the advisor will help them navigate the financial industry and advocate for their needs and goals. Unfortunately, that is often not the case. Listen along as Ira and Anne explain how insurance companies and financial advisors market annuities and five-star funds to investors without being completely forth-coming about how they get paid. Ira shares his early experiences selling annuities and shares the questions you can ask any advisor to quickly find out if they are helping you or just selling 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 http://paulwinkler.com/call.
Do you ever feel spread thin in your business and personal life? Are you struggling to take the next step in your goals or find a good work-life balance? Paul invites business coach Charles Alexander onto The Investor Coaching Show in a two-part interview to give you some simple tools to get productive where it matters the most and the freedom to say no to everything else. Listen along as Charles shares what he has learned from coaching entrepreneurs and Paul shares his personal experiences juggling his business and family life. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
Do you ever feel spread thin in your business and personal life? Are you struggling to take the next step in your goals or find better work-life balance? Paul invites business coach Charles Alexander onto The Investor Coaching Show in a two-part interview to give you some simple tools to get productive where it matters the most and the freedom to say no to everything else. Listen along as Charles shares what he has learned from coaching entrepreneurs and Paul shares his personal experiences juggling his business and family life. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
After hearing about companies like Meta, Apple, and other US powerhouses, it’s easy to believe the United States has a monopoly on business and capitalism. Evan brings a WSJ article about record highs in Japanese stock markets that beat its previous record from 1989. Listen along as these advisors talk about what happened to the Japanese economy after 1989, why the market set a new record, and why a properly diversified portfolio includes companies from all around the world. Later in the episode, Paul shares about some free resources coming up for investors and talks about why high interest rates are tricking some investors into thinking they don’t need market returns. Concerned about the market in an election year? Register for our new webinar: Politics and Portfolios: How to Invest During Election Season https://www.paulwinkler.com/webinars/webinar-politics-and-portfolios/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast
Paul talks about his experience flipping through financial television stations and only finding anxiety-inducing political stories and tips for stock picking and market timing. Listen along as Paul, Evan, and Ira talk through an article calling out CNBC for marketing themselves as a good resource for investors, when they are not. Later in the episode, Ira talks about how there are over 22 million people who have a net worth of $1,000,000 and the steps you can take to be one of them. Concerned about the market in an election year? Register for our new webinar: Politics and Portfolios: How to Invest During Election Season https://www.paulwinkler.com/webinars/webinar-politics-and-portfolios/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast
Paul gets a question from a listener who wants to know the difference between stock picking and choosing the right stocks or funds when building a portfolio. Listen along as Paul explains how to build a portfolio that includes all different market sectors, company sizes, and risk exposure without speculation or gambling on the companies that go inside. Later in the show, Evan brings an article that talks about how a Nestle factory in the Ukraine is struggling to continue production in a country torn apart by war. Concerned about the market in an election year? Register for our new webinar: Politics and Portfolios: How to Invest During Election Season https://www.paulwinkler.com/webinars/webinar-politics-and-portfolios/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast
Evan and Ira join Paul on the show as he reflects on the last words of one of his mentors and music teachers. Listen along as the advisors reflect on a life well lived and talk about why finding your true purpose for money leads to satisfaction, gratitude, and generosity. Later in the episode, the advisors share some of the highlights from a workshop about politics and investing. Concerned about the market in an election year? Register for our new webinar: Politics and Portfolios: How to Invest During Election Season https://www.paulwinkler.com/webinars/webinar-politics-and-portfolios/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast
Having a plan and knowing yourself well enough to follow through is the foundation of a healthy relationship with money. Today, Paul and Anne talk about a two-day financial workshop called the “American Dream Experience,” which is designed to help you create a roadmap for your life and money while teaching you how to avoid the most common pitfalls with money and investing. Listen along as these advisors explain how the American Dream Experience works to transform your relationship with money and helps you discover the purpose that will guide your personal and financial decisions. Concerned about the market in an election year? Register for our new webinar: Politics and Portfolios: How to Invest During Election Season https://www.paulwinkler.com/webinars/webinar-politics-and-portfolios/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast Sign up for the American dream experience here: paulwinkler.com/dream https://www.paulwinkler.com/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast#dream
The market immediately rebounded just minutes after the Fed Chairman met with members of the Financial Financial Services Committee this month. This obviously raised some eyebrows and raised the question of whether politicians use insider information to serve their own interests instead of the interests of the voters. Today, Paul, Evan, and Ira address this topic with two important insights: market timing is dangerous for everyone and there is a proven method for investing that is not gambling or speculating on companies. Later in the episode, the advisors talk about new and used car markets and an article called “Annual New Car Ownership Costs Boil Over $12K.” For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
Paul, Ira, and Evan reconnect after Ira’s trip to Florida to sell a vacation home that started to feel more like a burden than a joy. The advisors talk about why it’s important to keep a positive attitude and stay flexible when taxes, markets, and inflation alter your financial plans, especially in retirement. They then pivot into a conversation about how the economy is doing and why shrinkflation is usually a compromise companies make to work with both their consumers and their shareholders. Later in the episode, the advisors talk about the connection between national sports betting and an increase of gambling and betting on stock through companies like Robinhood. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
Is it possible that being at a bombing could be less traumatic than hearing about it in the news? Paul shares a study from the Boston Marathon Bombing and how being present at that tragedy allowed people to help, to flee, and to ultimately identify as a survivor, but hearing about it in the news gave people a stress response that was difficult to resolve. Today, Paul, Ira, and Evan process some recent tragedies together and share why hearing alarming news through media outlets can be dangerous and bad for your mental health. Unfortunately, the financial news media is no exception. Later in the episode, Ira talks about blue zones, where many people live to be 100, and some financial habits that help you relax about money no matter how long you live. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call http://paulwinkler.com/call.
Part of being able to relax about money is knowing what makes you anxious and how to manage your anxiety. Many people struggle with anxiety and turn towards their finances to try to find control. Paul brings Lauren Combs, a Licensed Professional Counselor, Mental Health Service Provider (LPC, MHSP), and Lindsey Casabella, a Licensed Clinical Social Worker (LCSW), onto the show to talk about how anxiety affects your quality of life, your purpose, and your relationship with money. Listen along as they cover spotting the symptoms of anxiety, when to ask for help, the stigmas around medication for mental health issues, the fear of developing medication dependence, and why anxiety is currently the most common mental health diagnosis in the United States. Concerned about the market in an election year? Register for our new webinar: Politics and Portfolios: How to Invest During Election Season https://www.paulwinkler.com/webinars/webinar-politics-and-portfolios/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast
Part of being able to relax about money is knowing what makes you anxious and how to manage your anxiety. Many people struggle with anxiety and turn towards their finances to try to find control. Paul brings Lauren Combs, a Licensed Professional Counselor, Mental Health Service Provider (LPC, MHSP), and Lindsey Casabella, a Licensed Clinical Social Worker (LCSW), onto the show to talk about how anxiety affects your quality of life, your purpose, and your relationship with money. Listen along they cover spotting the symptoms of anxiety, when to ask for help, the stigmas around medication for mental health issues, the fear of developing medication dependence, and why anxiety is currently the most common mental health diagnosis in the United States. Concerned about the market in an election year? Register for our new webinar: Politics and Portfolios: How to Invest During Election Season https://www.paulwinkler.com/webinars/webinar-politics-and-portfolios/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast
Interview with College Financial Aid Counselor, Jacob Lagesse (Part 2) Paying for college is often the biggest financial decision that a family has to make with their children and it requires some planning. In a two part interview, Paul invites Jacob Lagesse, the New Student Financial Aid Counselor at Trevecca, to talk about how to navigate paying for college. In Part 2, Paul and Jacob cover which of your assets to include on the FAFSA, which to exclude, and how they calculate those assets to provide aid. They conclude by covering the questions you want to ask when you sit down with a university counselor. Concerned about the market in an election year? Register for our new webinar: Politics and Portfolios: How to Invest During Election Season https://www.paulwinkler.com/webinars/webinar-politics-and-portfolios/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast
Paying for college is often the biggest financial decision that a family has to make with their children and it requires some planning. In a two part interview, Paul invites Jacob Lagesse, the New Student Financial Aid Counselor at Trevecca, to talk about how to navigate paying for college. In Part 1, Paul and Jacob cover both federal and state aid and the FAFSA and merit based scholarships offered by the universities. Concerned about the market in an election year? Register for our new webinar: Politics and Portfolios: How to Invest During Election Season https://www.paulwinkler.com/webinars/webinar-politics-and-portfolios/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast
Do you remember all of the hysteria around Y2K? People were stuffing cash in their mattresses and were convinced that banks would fail and planes would fall out of the sky. Today, Paul brings in a MarketWatch article called, “Stock market resembles the Y2K surge — and that didn’t end well” and talks with Ira about the similarities and differences between the market then and the market now. Later in the episode, the advisors get into a discussion about why it feels safe for investors and fund managers to invest in the largest companies then explains why this is such a risky practice. Concerned about the market in an election year? Register for our new webinar: Politics and Portfolios: How to Invest During Election Season https://www.paulwinkler.com/webinars/webinar-politics-and-portfolios/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast
