If a retired investor has the ability to use a flexible distribution strategy it will likely produce one of the best financial outcomes in retirement.

Before discussing flexible distributions Paul lists the reasons he believes that 99% of successful long term depends on defensive steps. After listing 18 defensive decisions he explains why flexible distributions are better than fixed distributions for those who have over said.

The presentation includes 16 distribution tables that can be found in this pdf for the presentation.

In each case Paul compares the difference in returns and risk between the fixed and flexible distribution strategies. The discussion compares returns and total distributions for two of the 9 sound investing portfolios: one using the S&P 500 and the other the U.S. 2 Fund Portfolio (50/50 S&P 500Small Cap Value).

Other links noted in the presentation:

Sound Investing Portfolios

The move from the accumulation to distribution period of an investors lifetime includes some very important decisions.

1. What asset allocation between equities and fixed income?
2. What combination of equity asset classes in the equity portion, as well as fixed income asset classes?
3. What amount of distribution will be made annually?
4. Will the payments be monthly, quarterly or annually?
5. Will payments be adjusted for inflation and how often?
6. Will the distributions be based on a fixed distribution with regular adjustments for inflation (the topic in this presentation) or on a flexible basis (the topic of the next segment)?

In this podcast Paul uses 15 slides to address the questions above. It is recommended the viewer print out the ⁠PP presentation  to make it easier to follow the numbers.

Many may find it is easier to follow the information on Paul’s video⁠ on the same topic.

If you have questions about the presentation please leave comment or question in the comment section of the video  or email ⁠[email protected]⁠.  For those sending an email please let us know the topic of the Boot Camp presentation.

Watch video here

Young and first time investors have to address a number of monumental decisions.  

• How much money to save for the future
• How much they should invest in equities and bonds
•  How much of the equities should be in large, small, value, growth, U.S. and international asset classes
• How much to increase the investment each year

This podcast/video helps the investor address those decisions.  For those listening to the podcast here is a link to the pdf of all of the tables referenced in the presentation.  He only focuses on a handful of tables but here is a link for those who want to review the entire set of tables.

Paul discusses the accumulation process from the viewpoint of an investor as well as a small business owner.

 If you have questions please send them to [email protected] or leave them in the comment section below.  

Here is the video link-

This is the 4th in a series of 9 Boot Camp videos/podcasts.  

The previous three segments covered :

1. Stocks vs. Bonds
2. The Ultimate Buy and Hold Portfolio
3. Sound Investing Portfolios.

In this presentation Paul focuses on the differences between the risks and returns of different percentages stocks and bonds.  He also discusses one table that mixes different percentages of the S&P 500 and small cap value.Here are a couple of videos that focus on small cap value.

$13.83 Million? Yes Please! Paul Merriman’s Small Cap Value Strategy

The one asset class you must own

Watch Video here

Chris Pedersen updates his recommendations and describes his selection process in an interactive presentation with Paul and Daryl along for the ride.

This "Best In Class ETFs Recommendations" presentation is the 9th in the Boot Camp Series.  (We have not completed some of the earlier presentations due to the high interest in Chris' Best In Class Recommendations).

The focus of each the Boot Camp presentation is to help investors make the best of what we consider to be  the biggest long term decisions they will make.

Of course we cannot know the ETFs that will produce the highest returns but we can measure the likely impact of the factors that Chris discusses during his presentation.

On behalf of all of the people who find this work helpful, as well as Daryl Bahls and myself, I want to thank Chris Pedersen for all he has done to help us understand the potential long term advantage of his analysis.  It is our hope that his work will give investors  the confidence and commitment to “stay the course" in the normal ups and downs of the market.

00:00:00 - Intro

00:07:15 - Changes

00:12:31 - Factor Basics

00:18:00 - Selection Criteria

00:20:21 -- Quantifying Differences

00:24:32 -- Comparing in an Asset Class

00:31:10 -- More than just numbers

00:32:12 -- BIC ETFs on Website

00:33:05 -- US Large Cap Blend

00:34:33 -- US Large Cap Value

00:37:40 -- US Small Cap Blend

00:42:30 -- Int'l Large Cap Value

00:43:30 -- Int'l Small Cap Blend

00:44:15 -- Em. Mkts Small Cap Blend

00:44:50 -- Portfolio Configurator

00:46:25 -- Roboadvisor ETFs

00:51:06 -- Versus Russell 2,000?

00:54:00 -- Avantis & DFA Advantage

01:03:36 -- Analysis Timeframes

01:04:44 -- Closing Remarks

Links:

Best-in-Class ETF Recommendations Page

Portfolio Configurator

Sound Investing Portfolios Bootcamp Page

The 2024 numbers are finally in and we have produced the #1 investment decision in the  Bootcamp series. There is no question that the biggest lifetime decision an investor makes is the choice between the safety of bonds and the potential long term growth of stocks.  Here is a⁠ link⁠ to the pdf of the set of slides Paul uses in the presentation.  The presentation includes the ⁠updated 1, 15 and 40 year returns tables ⁠ along with the  ⁠quilt charts for the 1928 to 2024 period⁠.

Our thanks to  Daryl Bahls who has put together most of the tables in the Bootcamp series.

If you have questions please send them to ⁠[email protected]⁠.  Please put  Bootcamp #1 in the subject line. 

Watch video here.

The purpose of this podcast/video is to help investors understand the likely risk and return parameters of small cap value, S&P 500, 2 Fund Portfolio (50% each SCV/S&P) and 4 Fund Portfolio (25% each SCV/S&P/SCB/LCV).  In each case the best, worst, and average 1, 2, 3,  5, 10. 15, 20, 25, 30, 35, 40 year returns are listed.
The following tables are discussed:

S&P 500 Historical Risk and Return 

US SCV Index Portfolio Historical Risk and Return

 US 2 Fund Index Portfolio Historical Risk and Return 

US 4 Fund Index Portfolio Historical Risk and Return 

Also the risk and return page from the Sound Portfolios  is referenced. 

This is the second presentation in the Boot Camp Series.Click for video.

The first presentation (Stocks Vs. Bonds) will be available in the next two weeks.

This presentation makes the case for diversifying a portfolio using multiple equity asset classes.

Paul uses 4 set of tables to make his case:

A1a:Ultimate Buy & Hold Equity Portfolio (50% US/50% Int'l) 

A2a:Alternative Equity Portfolio Tables (50% US/50% Int'l)

A1b:Ultimate Buy & Hold Equity Portfolio (70% US/30% Int'l)

A-2b: Alternative Equity Portfolio Tables (70% US/30% Int'l)

Paul also mentions the recent video/podcast that addresses the Sound Investing Portfolios.https://www.youtube.com/watch?v=XGv0ZdZ8adk

https://www.paulmerriman.com/2025-bootcamp-3-sound-investing-portfolios

In this Podcast, Paul, Chris, and Daryl describe the Sound Investing Portfolios and their background, rationale, construction, and performance.   

00:00 - Intro
02:00 - DFA Background
05:47 - Portfolio Rationale
11:45 - Allocations
14:11 - Backtesting & Comparisons
19:32 - Rewards of Diversification
28:42 - Differing Good Times
32:40 - 70/30 US/Int'l Portfolios
35:05 - Which Funds?
39:08 - Close

During the Podcast the following tables were referenced:
✅ Table H1a - Sound Investing Portfolios: Asset Allocations (50% U.S. / 50% Int’l)
✅ Table H2a - Sound Investing Portfolios: Comparative Data (50% U.S. / 50% Int’l)
✅ Table H3a -  Sound Investing Portfolios: Annual Returns (50% U.S. / 50% Int’l)
✅ Table H1b - Sound Investing Portfolios: Asset Allocations (70% U.S. / 30% Int’l)
✅ Table H2b - Sound Investing Portfolios: Comparative Data (70% U.S. / 30% Int’l)
✅ Table H3b - Sound Investing Portfolios: Annual Returns (70% U.S. / 30% Int’l)

In this insightful conversation, renowned financial expert Paul Merriman shares his wealth of knowledge and experience in investing. He discusses his journey from stockbroker to founding his own investment advisory firm, and eventually establishing the Merriman Financial Education Foundation. Paul delves into various topics, including:

✅ The importance of data-driven investing and understanding the math behind it
✅ His meeting with John Bogle and their differing philosophies on investing
✅ The case for small cap value investing and its historical performance
✅ The challenges of market timing and the benefits of portfolio diversification
✅ The emergence of ETFs and trend following strategies

PaulMerriman.com

Tables, Graphs and Charts
Boot Camp
S&P 500 vs Small Cap Value
Quilt Charts 
Equity Index Returns 
Free Copy- We’re Talking Millions
Free Copy- 2 Funds for Life
Best in Class ETF Update 2024

ETFAtlas.com – A new portal offering a comprehensive catalog of ETFs from the United States, Canada, and Europe.