The Investor Coaching Show with Paul Winkler

This week Paul overhears a conversation between a financial advisor and an investor where the investor was given a lot of product-driven options and asked to make a decision on their own. Today, Paul talks about how he begins the financial planning process with every new investor to help you understand what to expect and give you confidence that you have found a good fit.

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

As interest rates go up, the investment industry and individual investors rush to figure out which products can help them avoid loss. This is because of two common misconceptions: (1) that high interest rates hurt stock markets, and (2) that tweaking your portfolio as interest rates rise isn’t market timing. Today, Paul addresses the current investing climate and the temptation to market time because of high interest rates. Later in the episode, Paul talks about why markets have historically been great protection against inflation.

 

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

The conversation around FDIC insurance and bank regulation has not cooled off since the banking scare a few weeks ago. Is the federal government encouraging risky behavior and enabling them by covering losses? Was this banking crisis the Federal Reserve’s fault for raising interest rates too aggressively, hurting bond prices? Is FDIC insurance getting outdated and does it need to be reevaluated? Paul covers all these topics in today’s episode. Paul also shares a resource that will help you calculate how much FDIC insurance you have on your deposits.  

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

Do you know that when you invest with fund companies, there are built in safety features that protect against loss, theft, and other risks. Some of the money becomes FDIC insured through the fund companies cash position and money market accounts. Third party custodians act similarly to accountants and ensure that money is properly handled by buying and selling investments on behalf of the fund company. Listen along as Paul, Evan, and Ira help you relax about money by teaching you about some of the safety features between an investor and a fund company and explain some of the inner workings of the investment process.Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

There are more than 6 trillion dollars attached to either the S&P 500 or funds that track it. Paul responds to the common misconception that his main strategy for investing is indexing. Today, Paul talks about why indexing can be dangerous and gives too much power to the people who decide which companies get put in any given index. Listen along as Paul explains which areas of the market are being indexed well and why he doesn’t recommend indexing as a one-size-fits-all strategy. Later in the show, Paul shares how easy it is for people to get sucked into trying to market time or get ahead somehow. Ira encourages investors that the desire to beat the market will come and go and you just need to be patient with the results. Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

Over 10,000 baby boomers will retire everyday over the next 10-15 years. With so many people entering into uncharted territory, Paul shares a presentation that will help retirees understand that the vacation phase of retirement will quickly wear off and that retirement is an opportunity for people to reconnect with themselves, their purpose, and develop new skills. Listen along as Paul shares the four phases of retirement that may help you or someone you know get personally ready to be retired. Later in the episode, Paul talks about an unfortunate bump in crypto interest after uncertainty in banks this week, but how no one is coming to bail out crypto owners if they lose a fortune from a lost password.Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

The fight against misinformation about annuities continues this week after an investor opens up to Paul about their biggest investment mistake. Paul finds an article claiming that annuities can help investors fight inflation, and he explains why annuities are often a mistake for investors and a conflict of interest for the people selling them. Later in the episode, Paul explains why you want to be educated about the investing process and the unfortunate reality that most of your financial education has been on the products, not the process. 

 

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

Today, Paul talks about why an academic approach to investing may sound boring, but could save you from a lot of pain in the future. Drawing from the recent failure of Silicon Valley Bank, Paul warns listeners about the dangers of trusting financial institutions like banks and insurance companies that promise risk-free investments, or guaranteed payments, and he emphasizes that every investment has risk. The key, Paul explains, is understanding how to build a solid financial plan and learning how to take the appropriate risks for your situation. 

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

People often believe that real estate is a stable investment and forget just how quickly real estate markets can cool off. Paul shares a story from early in his career when it was unpopular to buy real estate properties, like condos. Paul cautions investors about the risks of purchasing an illiquid asset when tax laws, buying patterns, and interest rates can change at any time. Later in the show, Paul revisits a study on disclosing conflicts of interests and why it’s so easy to get caught up in a company who is selling you products and is not concerned about your financial future.

 

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

Usually The Investor Coaching Show covers topics about investing and planning for a time in your life when you come to the end of your career. In this two-part episode, Paul wants to talk about starting, growing, and succeeding as a small business. Paul invites former Sony executive and business professor Dean Diehl onto the show to talk about his new book Crawl, Walk, Run. Listen along as the two talk about how small business owners can safely test small business ideas, transition into full-time work that meets the real needs of their community, and become profitable and successful for the long-haul.

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