The Investor Coaching Show with Paul Winkler

Paul gets an email from an investment firm titled “Make Sure Your Investment Portfolio Isn’t Collecting Dust.” Paul talks about the difference between selling and buying as a means to rebalance your portfolio and market timing, which is what this email is recommending. Paul’s advice: Don’t be afraid of a little dust on your portfolio because buying and selling investments to keep your portfolio “fresh” is a strategy that works for investment firms, but doesn’t work for you. Later in the episode, Paul explains what full insurance coverage really looks like and how insurance works to protect your savings in a similar way that a moat protects a castle.

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

Paul shares a conversation with an entrepreneur who wanted to get their retirement started. Listen along as Paul shares the most common retirement options for people who are self-employed, as well as options for the entrepreneur who has just a few employees. Paul breaks down specific tax benefits, contribution limits, and regulations of these retirement accounts and encourages people who are self-employed to start investing. Later in the show, Paul talks about funds marketed as "Total Market" funds that unsurprisingly ignore entire sections of the market.

 

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

Part of being a confident investor is knowing your own biases and how they affect your outlook on the word. Today, Paul opens up with a conversation about geo-political tensions to talk about “hindsight bias,” a phenomenon where—after the event happens—your brain convinces you that you it was going to happen all along. Paul explains it’s better to be patient and trust the process and instead of letting hindsight bias lead you into market timing. Later in the episode, Paul shares the most recent PWI newsletter that addresses some of the most pressing questions from investors and investor anxiety.

 

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

Paul and Ira share the sobering reality of what happens when people get caught without disability and life insurance. These stories usually have a common thread: “I didn’t think it would happen to me.” Paul levels with investors and encourages them to take a look at these products and build a financial plan that can weather life's most difficult circumstances. 

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

Negative financial news coverage has a specific job: it garners attention, informs people of problems, and sells solutions. Paul shares a video that really hits the nail on the head about how negative information affects your brain and how the news outlets wield that against you. Later in the episode, Paul and Ira unpack the drama around the US dollar right now and share how investors aren’t being given an objective view of the situation. 

 

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

Everyone thinks of Warren Buffett as a legendary stock picker, but he doesn’t see himself that way. Paul brings to the show an interview where Buffett shares what he believes the secret to investing success is. Listen along to hear Buffett share his perspective on financial news and why he doesn’t pretend to know what will happen to companies in the coming weeks, let alone twenty years from now. Later in the episode, Paul shares Warren Buffett’s opinions on Bitcoin.

 

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

Ira and Paul talk about how easy it is to get sold on a bad insurance policy that gives owners unrealistic expectations about what the policy is going to pay out. Ira shares about a life insurance policy that he bought when he was younger, that turned out to be better for the person who sold it than it is for him. Listen along as these advisors help you navigate the kinds of insurance products you should stay away from and help you learn from their mistakes. 

 

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

The temptation to market time is at its highest when prices go down. Today, Paul and Ira talk about the recent sag in bank stock prices since the banking sector crisis. They also discuss an investor who was encouraged to invest in these stocks in order to take advantage of their eventual rebound. Paul shares why the banking sector is more complex than investors realize and why now is not the time to swoop in on bank stocks.  

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

Today, Paul sends Arlene Brown, a Certified Divorce Financial Analyst, the WSJ article called “Money Can Break a Marriage, Even Getting More of It” to get her insight about how money affects marriage. Listen along as these advisors talk about how both having little and getting a large windfall of cash can potentially end a marriage and why “for rich or for poor” can be the most challenging vow a couple has made. Later in the episode, Paul and Arlene both shake their heads at the headline, “Stock Haven’t Looked this Unattractive Since 2007” and explain why you should not give it any thought. 

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

Today, Paul talks about why living in a world of negative news is the greatest challenge for investors to overcome. If you want to stay disciplined and reach your financial goals, fear of the future is your enemy. Paul finds a WSJ article that asks, “Why is it so hard to relax about money?” Listen along as Paul talks about negativity bias and how the news is trying to use fear to motivate you and change your outlook on the world. Later in the episode, Paul talks about Indexed Universal Life products struggling and why their motto “Zero is Your Hero” is a horrible sales tactic. 

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