The Investor Coaching Show with Paul Winkler

In this episode, Paul and Anne discuss why prenups should be more popular. Listen along as these two advisors talk about why it may be important for couples to push past the feelings of awkwardness and consider a prenup to address property, wealth, or businesses either party has and how marriage impacts this. This is especially true for people considering marriage or re-marriage later in life. Later in the episode, Paul and Anne share a laugh about an advertisement for gold on the Weather Channel.Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

Being a successful investor and staying the course is hard in today’s world. In part two of Paul and Jim’s discussion on "The 7 Virtues of Great Investors," these advisors share the final four virtues of successful investors: Humility, Discipline, Patience, and Courage. Listen along to hear why these are more important than any investment product or strategy you might turn to reach your goals.

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

Paul and Jim share an article called, “The 7 Virtues of Great Investors.” In today’s financial climate, it's easy to believe that staying up to date on the news, on financial products, and on investment strategies is going to help you grow and improve as an investor. This recent article by Jason Zweig gets to a deeper truth: that personal growth and knowing yourself is the most important part of being a great investor. Part 1 of this two-part episode addresses the question, “Are you letting strangers do your thinking for you?” Listen along as these advisors share the first three virtues of successful investors: Curiosity, Skepticism, and Independence.

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

Paul brings an article from MarketWatch titled “An undiscovered universe of stocks is trading at ‘near generational lows’ fund manager says” that shows how bad the industry is at diversification because PWI has known about and invested in this part of the market for over 20 years. Listen along as Paul talks about the difference between U.S. and international companies, between small-cap and large-cap companies, and what you need to know to transition from trailing investment trends to securing market returns. 

 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

Whether from age, illness, or an unexpected life experience, most Americans will either need a caregiver or be a caregiver at some point in their life. In a two-part series, Paul brings Chad Henson, a PWI advisor, Chartered Special Needs Consultant® (ChSNC®), and Chartered Retirement Planning Counselor® (CRPC®), to talk about how simple it can be to take steps toward securing your own future or the future of a loved one impacted by disability. Listen as these two advisors talk about why having a basic or incomplete plan is better than not having one at all.

 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

Whether from age, illness, or an unexpected life experience, most Americans will either need a caregiver or be a caregiver at some point in their life. In a two-part series, Paul brings Chad Henson, a PWI advisor, Chartered Special Needs Consultant® (ChSNC®), and Chartered Retirement Planning Counselor® (CRPC®), to talk about how simple it can be to take steps toward securing your own future or the future of a loved one impacted by disability. Listen as these two advisors talk about why having a basic or incomplete plan is better than not having one at all.

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

Unfortunately, most of what we consider to be financial planning in the world today is just product sales disguised as financial advice. Today, Paul shares two tactics advisors use to try to sell their investment products that you need to know before you walk into a planning meeting. Listen along to hear how sales people can twist things that you know are true to sell you something that you would never agree to buy if you were more educated about the product. Later in the episode, Paul feels bad for investors who got overly excited about real estate and now own a property that’s not meeting their expectations.

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

Risk is a topic that quickly puts the average investor in a defensive position. Are you taking enough risk? Are you taking too much? The investment industry loves to use risk to push you toward certain “low-risk” or “high payout” products. Today, Paul shares about the investors who stocked up on 30-year bonds because they had a long track record of being “safe,” only to be slapped by unexpected rising interest rates. Listen along as Paul teaches what you need to know about risk and investing and why staying uneducated is a risk you shouldn’t be okay with. 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

The internet can feed you endless information to confirm whatever thoughts and insecurities you bring to it. If you're worried about your financial well-being, there are endless tips and tricks to help you improve. If you're worried about the state of the world, there are 24-hour news cycles confirming your fears. All this information makes it almost impossible to relax and think clearly. Today, Paul encourages investors that there is a way to find peace and relax about money in today's chaos, but it may involve being less hungry for information and just unplugging this endless source of information. Later in the episode, Paul brings a study that shows what cognitive dissonance is and why no one is immune to it.

 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

We have to change the way we think about digital media to get healthier and see the world for what it is. Paul brings up a book called *Our Digital Soul: Collective Anxiety, Media Trauma and A Path Toward Recovery* by Jennie Black and Bob Hutchins that impacts digital media on our minds and bodies. Paul shares that when you mix capitalism and journalism the result is a country that shares more negative news stories than most other countries in the world. Later in the show, Paul talks about how robotic portfolios have been trained to stock pick and market time and leave investors in the dark about what’s going on.

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.