Show Description

Show hosts, Jason Labrum and Alex Klingensmith bring you over 2 decades of experience as Financial Advisers, helping you achieve financial peace of mind through financial planning & investment management.  Today’s show goes into detail, hopefully not too much detail, about defining risk vs. volatility.  The topic of financial planning and investing around risk and traditional risk tolerance questions is interesting and we believe it is TOTALLY BROKEN.  There is a better way to invest and it’s financial planning based around a target rate of return.  Once you identify your goals and objectives you can then establish a targeted rate of return you need to achieve those specific goals and objectives.  Jason and Alex also discuss the benefits you can achieve by trimming profits and allocating money toward assets classes that have not performed well.  Yes, Jason gets to use his favorite term, Tolerance-band re-balancing.  

In Today’s conversation, here’s what you’ll learn:

• The difference between Risk and Volatility
• How you should identify the target rate of return you need to reach your financial goal and objectives
• Easy steps to building a GREAT investment portfolio
• The importance of a financial plan

Agustin Lebron is a man of many talents. After working for many years as an engineer, he became a trader and researcher at the height of the recession. Now, as the cofounder and manager of Esselin Research, he helps growing tech companies make better decisions using his knowledge of trading. 

In his new book, The Laws of Trading, he uses his unique experience to teach people how to become formidable decision-makers, make great decisions in real-time, and leverage their unique skills and knowledge. 

Agustin joins today’s episode of the Financial Detox Podcast to dive deep into his philosophy of trading. You’ll learn how to meaningfully apply the mindsets successful traders use to win in the markets to your personal, professional, and financial life - even if you never trade stocks in your life. 

Show Description

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

In today’s conversation, here’s what you’ll learn:

·         The right way to think about Real Estate at part of your investment portfolio

·         How to calculate your rate of return on your real estate

·         The benefits of leverage, tax deduction and diversification with Real Estate

Find us online at: Financialdetox.com      

Email us at:[email protected]

Call us at: (877) 707-8889   

Listen to Us on: KCBQ the Answer AM1170 or FM 96.1 - Saturdays at 1:30pm or at FINANCIALDETOX.COM

Lots of people see investing as a hobby. Some of them, like my grandmother, are in investment clubs, where they talk about companies they like and buy and sell stocks. However, they rarely make any money from this. They buy high and sell low - seemingly at completely random times. 

Today, we want to propose an alternative: what if people like my grandmother invested based on evidence, got great performance from their stocks, and came up with phenomenal returns? 

On today’s episode of the Financial Detox Podcast, we discuss the common mistakes people make when buying stocks (or entrusting others to buy stocks for them), and how to build a portfolio designed to provide you with great returns, no matter what the market does. 

In today’s conversation, here’s what you’ll learn: 

●        Why conventional investing is basically random - and the reason so few hobbyist investors make any money from the stock market.

●        The reason hedge funds, which claim to be wiser than the market and highly sophisticated, mostly just charge you tons of fees without beating the benchmark. 

●        Why small value stocks consistently outperform larger cap stocks.

●        The behaviors that consistently lead investors (and advisers) to make major mistakes - and how to avoid them. 

Interview Resources

●        Dogs of the Dow

●        DALBAR's Quantitative Analysis of Investor Behavior

●        American Funds

●        Dimensional Fund Advisors

●        Berkshire Hathaway

We’re all human. We all make mistakes - even us here at the Financial Detox Podcast - and we’ve learned the hard way that if we’re not detoxed ourselves, we can’t best serve our clients. 

Today, we dig into eight absolutely irrefutable, toxic mistakes we’re predisposed to making when we make investments, whether they’re major purchases, like homes or cars, stocks, or suspect financial products. You’ll discover the exact mindsets that people fall into when we make bad decisions, how we get taken advantage of, and how to avoid these pitfalls as we go about our daily lives - financial and otherwise. 

Labrum Wealth Management has some exciting news! The firm is expanding and growing and has now added a Scottsdale office. Jim Pupillo and the team at LDI have teamed up with Labrum Wealth Management to form IDA (Intelligence Driven Advisers).  This acquisition will provide many benefits for the clients of LWM (now IDA) such as: increased team collective knowledge, greater specialization within our team members, a larger more capable firm with approximately $800 million in assets under management, a new Scottsdale AZ office location and several other benefits. The investment philosophy will remain anchored in evidence and time-tested strategies, while the character, mission and vision will remain focused on serving clients as a Fiduciary with undivided loyalty.

Finally, we’re hosting another webinar at 12:30 PM on December 12. Click [here] to learn more and sign up.

In today’s conversation, here’s what you’ll learn:

• Reasons why you should not chase fads, returns or the “hot dots”.
• How to figure out what will move you forward in your investment strategies.
• What is your target rate of return and why is it more important than your risk tolerance?
• How to solve for your future liabilities.

At Labrum Wealth Management, we talk to many potential advisors about joining our firm, and there’s one question that really helps us determine if they might be a good fit: Do they care passionately about what their clients are ultimately paying - and what their net returns are?

Today, trader Andrew Grant joins the podcast to talk about how to take control of the elements you can control - and potential red flags you should be on the lookout for when you evaluate your relationships with brokers or financial advisors. We also dig into why you should take our Portfolio Challenge if you haven’t already and the benefits of tax loss harvesting.

For more information, visit FinancialDetox.com

With the midterm elections, we’ve returned to a time of market volatility. That means that there’s even more toxic financial advice out there than usual, and a lot of smart individuals are making not-so-smart decisions.

Volatility and stress knock out your habits. Even if you’ve been disciplined and strategic for years, many people throw all of that out the window at the first sign of change. However, you can still invest extremely successfully and beat most investors while taking away your stress - and on today’s podcast, we’re going to show you how.

For more information, visit FinancialDetox.com

Everyone’s financial life is a unique combination of assets, liabilities, and situations. There’s no one-size-fits-all solution guaranteed to get you the best possible results - and not all financial advice is created equally.

At Labrum Wealth Management, we take a truly independent, personalized approach to our clients’ portfolios. In today’s episode of the podcast, we get in to how we buck the trends of what normally happens in advisor/client relationships in order to best serve our clients. We also return to the issue of market timing, what it makes it such a bad idea, and the surprising fact about market downturns that no one on television seems to ever think to mention.

For more information, visit FinancialDetox.com