Unpack Your Financial Baggage the Podcast

Podcast Overview 

The new podcast episode reviews the details in portfolio construction, asset allocation, strategies behind taking withdrawals, portfolios in bear markets, and historic returns regarding investments such as stocks and bonds. 

Next Episode: How the Younger Generations View Financial Planning

The next episode launches soon and will feature a discussion with Branden Carney, CFP®.

Podcast Overview

The new podcast episode addresses the four criteria everyone should consider when choosing a financial advisor.  The four criteria when evaluating a financial advisor are team, firm type, planning strategy, and compensation model. 

The discussion includes client vs. customer, the quantitative value of a financial advisor, the fiduciary standard some advisors adhere to, the different credentials advisors have, a list of ten questions to ask a potential financial advisor and much more.  

Next Episode: The Portfolio

The next episode launches soon and will review the financial planning topic Building the Portfolio for Retirement to Match Your Plan and How to Take Withdrawals So Your Money Outlives You.

Topics Covered

Podcast Overview

Why has the average investor continually, not only underperformed the indexes, but their own investments?

What are the components that make up The Anatomy of Investor Returns?

Financial Plan

The investment return is the last component in a comprehensive financial plan which has three components. In this order of importance, first goals, next, the plan, and only then the portfolio. Unfortunately, human nature gets it backwards with obviously the help from financial media in our conditioning.

Why The Anatomy of Investor Returns?

Provides the client with a simplistic understanding of why they shoot themselves in the foot. It explains a process of combining the data and human nature. For example, it's the rational brain versus the intuitive brain. By understanding the history of rational versus intuitive behavior, you can become aware of your shortcomings.

The Components of The Anatomy of Investor Returns

Stimulus: The virus that affects your rational thinking

Investor Behavior: How the stimulus affects your behavior. Five behaviors with which investors may struggle.

Volatility: Volatility vs Risk. What volatility is, what it isn’t, and the anxiety people sometimes feel when they hear the word volatility

Retention Rate: How volatility affects retention rates

Asset Class: How retention rate affects asset class. A look at the performance of asset classes over time that often surprises many people.

Fear 

What is the VIX? 

Next Episode: Advisors

A discussion about what an advisor does, what to look for when you're ready to hire a financial professional, a review of titles in the industry and what everyone wants to know: how do they get paid for their services?

Topics Covered

Podcast Overview

Some of the foundational elements of this podcast series and financial planning are:

• At retirement, retirees’ whole financial life essentially collapses down to one binary question: Will your money outlive you or will you outlive your money?
• Most people not only don’t know what the answer is, they didn’t know that was the question.

Winning Race to Wrong Finish Line

The fundamental question we ask, which are what most retirees are most worried about (and are core to planning) is… ‘will you outlive your money, or will your money outlive you? …And the answer comes down to having a plan and understanding behavioral investing.

What is Behavioral Investing?

The fundamentals of behavioral investing and the 9 Behaviors to Avoid

Everywhere People Turn There is External Pressure

What is the hardest part about following the fundamentals of behavioral investing? Where do people go wrong?

The Numbers

What all of this can all mean to someone’s retirement in terms of numbers.

Advisor and Coach

The value an advisor provides is in crafting a plan first. A plan that is appropriate for the client’s most cherished financial goals. An advisor provides behavioral coaching during the most challenging emotional times, - whether it be at euphoric market tops or terrifying market bottoms. 

Closing: Recap & What’s Next

Next podcast will review the fundamentals of investor returns.  It is a model Lou has developed after 25 years of financial planning.  The five components are: The Stimulus, Investor Behavior, Volatility, Retention Rate and Asset Class.