The Investor Coaching Show with Paul Winkler

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.