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What’s ahead for markets in 2025?

In this episode, I’m joined by Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, to break down key economic and market trends shaping the year ahead. 

Listen now and learn:

► How economic forecasts are built—and how investors should use them

► The outlook for GDP growth, inflation, and interest rates in 2025

► The impact of policy changes, including tax cuts, tariffs, and fiscal stimulus

► Why global diversification matters more than ever

► The role of AI in the economy and what it means for investors

Dr. Kelly’s insights cut through the noise and focus on what really matters for long-term investors. Don’t miss this deep dive into the forces driving markets in 2025!

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(02:15) How Economic Forecasts Are Built (05:30) The U.S. Economic Outlook for 2025 (06:45) Policy Changes That Could Shape 2025 (12:30) Why Interest Rates Are Rising (16:30) The National Debt: Should Investors Worry? (23:15) Market Concentration and the “Magnificent Seven” Stocks (26:00) Why U.S. Investors Should Diversify Globally (31:00) The Potential and Risks of AI (32:33) Final Thoughts and Where to Follow Dr. David Kelly

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

You don’t have time to sift through endless financial content. That’s why I do it for you. Get my top 5 must-read articles every week in a quick, easy-to-digest email. Sign up for my newsletter.

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Why do so many investors underperform the market? Legendary investor and author Charley Ellis explains why investing has become a “loser’s game” and what smart investors do instead.

Listen now and learn:

► Why active investing used to work—but no longer does

► How professional traders dominate the market, making it nearly impossible to outperform

► The biggest behavioral mistakes that cost investors money

► What individual investors can learn from institutional strategies (and what they should avoid)

Charley Ellis has spent decades advising institutional investors and writing some of the most influential books on investing, including Winning the Loser’s Game and Rethinking Investing. His insights will change the way you think about investing and help you build wealth more effectively.

🔹 Subscribe now for more expert insights on long-term investing strategies!

(02:30) Why Most Investors Lose the Investing Game

(04:45) The Evolution of Investing: Why Active Management No Longer Works

(12:30) Why Most Prices Are (Almost) Always Right–And Why That Matters

(17:50)The Smartest Investors Play a Different Game

(22:15) Why Index Investing Is the Best Bet for Long-Term Wealth

(27:30) Why Yale’s Investing Model Won’t Work For You

(31:45) The Biggest Mistakes Investors Make

(38:15) The Best Investment Strategy? The One You Stick With

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Want to see what you may be overlooking in your finances? Discover your biggest opportunities in just 15 questions with my Financial Assessment. 

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The U.S. stock market has been on an incredible run for over a decade, leaving many investors wondering: Why bother diversifying when the S&P 500 keeps winning?

But history tells us that no market outperforms forever. In this episode, Peter Lazaroff explores the hidden risks of relying too heavily on U.S. stocks and why global diversification still plays a crucial role in long-term investing success.

Listen now and learn:

► The historical cycles of U.S. stock dominance—and what happened when the tides turned

► Why valuation gaps between U.S. and international markets create new opportunities

► The psychological challenge of sticking to diversification when it feels like U.S. stocks can do no wrong

► How a globally diversified portfolio helps manage risk and minimize regret

🎧 Tune in now!

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The retirement you’ve worked so hard for should be more than just financially secure—it should be truly fulfilling. 

In this episode, Benjamin Brandt, financial planner and host of the award-winning Retirement Starts Today podcast, reveals how to break free from limiting mindsets and create a retirement plan that prioritizes your passions, values, and connections. Whether you’re on the cusp of retirement or already enjoying it, this conversation will challenge how you think about retirement and offer a fresh perspective on what truly matters.

Listen now and learn:

• How to shift from a scarcity mindset to one that maximizes joy, experiences, and memories.
• Why common financial tools may unintentionally limit your potential—and how to reframe them for greater fulfillment.
• Actionable tips for building meaningful connections and creating a legacy through shared experiences.
• How to redefine your identity and purpose as you transition into retirement.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(00:00) Introduction

(01:45)  Abundance vs. Scarcity in Retirement Planning 

(04:12) The Time Machine Thought Experiment

(10:35) Rethinking Monte Carlo Analysis and Retirement Success Rates

(16:40) Creating Memories That Last Beyond Retirement

(23:21) Preparing Emotionally for Retirement

(24:55) Connect with Ben Brandt

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How much money do you really need to retire? It’s one of the most important—and personal—questions in financial planning. This episode explores two popular retirement savings benchmarks, and explains why they may or may not work for you.

But benchmarks are just the beginning. Peter dives into personalized strategies to calculate your income replacement rate and portfolio withdrawal needs, revealing the key factors that make retirement planning unique for everyone. 

If you’re ready to take the guesswork out of retirement planning and learn what it takes to build a future you can feel good about, this episode is for you!

Listen now and learn:

• How much you should have saved at each age
• Why income replacement rates vary—and what yours might be
• How to estimate your retirement portfolio needs with real-world examples
• The tools Plancorp uses to help clients plan for success

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Ready to retire but uncertain about your next steps? Let’s build a retirement plan you can count on. Schedule a call with Peter now.

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In this episode, I’m sharing a great conversation I had with Adam Cmejla, CFP® on his podcast, 20/20 MONEY. We talked about something that’s changing the way people invest: direct indexing. Not familiar with direct indexing? Don’t worry, you’re not alone. We break it down in a simple way so you can see how it might work for you.

We also chatted about how strategies like tax loss harvesting can help you manage your investments more efficiently, especially if you own a business or are preparing for a major financial milestone, like selling a practice.

I’m excited to share this conversation with you in hopes you’ll be able to learn practical and approachable ways you can make more thoughtful, informed decisions with your money.

Listen now and learn: ► What “direct indexing” is and how it can help you save on taxes.

► Why tax loss harvesting is a game-changer for your financial plan.

► How investing is about much more than just returns.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(01:36) What is Direct Indexing? (06:02) Tax Loss Harvesting Explained (13:59) The Evolution of Investing (19:33) Use Cases for Business Owners (25:07) Accumulation vs. Decumulation (31:00) Risks and Misconceptions (38:06) Future of Direct Indexing

Ready to retire but uncertain about your next steps? Let’s build a retirement plan you can count on. Schedule a call with Peter now.

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Do you know what to look for when hiring a financial advisor?

Choosing a high-quality advisor can feel overwhelming, with countless titles, credentials, and compensation structures to navigate. In this episode, we discuss core items to look for, a framework to identify an advisor who aligns with your goals, and how the fees could impact your retirement plan.

Listen now and learn:

• The biggest myths about financial advisors that could cost you

• Why some advisors might not have your best interests at heart

• Key steps to simplify the process of finding the right financial partner

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Ready to retire but uncertain about your next steps? Let’s build a retirement plan you can count on. Schedule a call with Peter now.

Sign up for the newsletter.

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Is managing your finances yourself costing you more than you realize? Discover the real value a financial advisor may be able to bring to your retirement planning.

This episode explores the pros and cons of going solo in your financial journey versus partnering with a professional advisor. Using relatable analogies and real-life examples, Peter highlights how a financial advisor may be able to help you avoid costly mistakes, seize growth opportunities, and simplify your financial life. Whether you’re a do-it-yourself investor or considering professional guidance, this episode provides practical insights to help you understand if professional guidance could be a good fit for you.

Listen now and learn:

• The hidden costs and risks of do-it-yourself retirement planning.

• How financial advisors bring value beyond just managing investments.

• Practical considerations for deciding when and why to hire an advisor.

• The benefits of having a comprehensive financial plan for long-term success.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Want a peek behind the scenes? Get my top 5 must-read financial articles that keep me ahead on innovative planning and investment strategies—exclusive, curated, and straight to your inbox bi-weekly when you sign up for my newsletter.

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2024 brought its share of twists and turns for markets, leaving valuable lessons in its wake.

In this episode, I sit down with Michael Batnick, Managing Partner at Ritholtz Wealth Management, to reflect on the biggest headlines of the year and share actionable insights to help you prepare for whatever 2025 brings. Learn how to navigate uncertainty, stay grounded in your long-term plan, and position your portfolio for success.

Listen now and learn:

• Why market predictions are valuable—even when they’re wrong.

• The surprising role consumers played in shaping 2024’s economy.

• How to navigate tech dominance, stock-picking temptations, and market uncertainty.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

TIMESTAMPS: 

[00:42] Predictions: A Fun Reminder That No One Can Predict the Future

[02:09] The Evolving Role of Advisors: From Investing to Planning

[04:27] Interest Rates: How the Fed and Consumers Shaped 2024

[10:34] NVIDIA, AI, and Why Most Investors Should Avoid Stock Picking

[15:40] Bitcoin ETFs and the Crypto Adoption Story

[23:37] Diversification vs. U.S. Market Outperformance

[26:15] 2025 Interest Rates and Presidential Elections: Staying Calm Through Uncertainty

[30:07] Wrapping Up: Predictions, Lessons, and Looking Ahead to 2025

Proactive tax planning could save you thousands. If you're ready to hire an advisor, my team at Plancorp is here to help. Schedule a call today to learn more.

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Avoiding tax surprises isn’t just about filing on time—it’s about planning ahead. 

This episode shares six real life examples of how tax projections can potentially save you thousands on your future taxes and thoughtfully guide the bigger picture of your financial plan. Learn actionable strategies for reducing your tax liability, whether you’re managing retirement withdrawals, timing business expenses, or exploring Roth conversions.

Listen now and learn:

• Why tax projections are essential for proactive financial planning.

• Strategies for minimizing taxes on Social Security, RMDs, and capital gains.

• How to use tax projections to optimize your financial decisions year-round.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.