The Investor Coaching Show with Paul Winkler

Working Through Life's Greatest Challenges: A Conversation on Grief with a Licensed Therapist and Grief Specialist (Part 1)

No one is immune to loss and hardship. But just like money and finances can feel difficult or taboo, conversations around grief and mental health can also be difficult to navigate. Today, Paul invites a friend and fellow counselor, Lindsey Casabella, on to the show to talk about the grieving process, how to walk through it toward mental and physical health, and some important information for helping loved ones who are dealing with grief and loss. 

 

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Disinflation Causing Problems For China

Do you remember just a few years ago when the media was nervous to see China become the world's leading economy? So many people used this supposed inevitability to take bets on what they market would do as a result. Paul is here to talk about China's most recent economic stumble and how disinflation is causing China to struggle to compete on the world stage. Things can change quickly. Paul reflects on a similar situation with Japan in the 80s and how the United States shifted to stay competitive. Later in the episode, Paul answers a couple of questions from a financial stewardship class he taught at Trevecca. 

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

This Is Just Sad: An Investor Who Gets Mistreated by Financial Advisors

Paul shares an all-too-common investing horror story as a warning to investors who think they can trust their advisors without any education. A 50-year-old woman has an advisor who takes her out to lunch, buys presents for her kids, sends her holiday cards, and then puts $500,000 of her money into annuity products. After a decade trying to get out, another advisor ties up her money in stock-picking and active management against her wishes. Paul urges investors to look past if their advisor might be “nice” and educate themselves about the investing process. Unfortunately, this story is more common than you might think. Later in the episode, Paul hits a question from his financial stewardship class at Trevecca about how to finally start saving.

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Check Out These Great Investor Questions About Gold

Paul gets some great feedback on a video he made late last month about whether or not investors should invest in gold in 2024. Paul takes some time to answer these questions from listeners: 1) If banks and companies are borrowing and going into large amounts of debt, are they really a safe place to keep money compared to owning gold? 2) Does your investing advice about gold apply to all commodities? 3) Isn’t gold a better option than cash because it protects your wealth against inflation? Listen along to hear more about why there is so much misinformation around gold and how it gets marketed to investors.

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

"This Company Is the Future of ______"

When it comes to investing, people are really sucked in by trends. Have you ever heard a friend or family member say, “You’ve got to own this company. This company is going to be the future of ___.”? Today, Paul talks about why people who are able to relax about money do not engage in these kinds of trends. Paul shares some of the most recent trendy companies who have failed to meet lofty expectations and how following investing trends also leads to focusing on past performance and betting on areas of the markets that did well months or years ago.

 

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

There are No Shortcuts. Behavior is the Biggest Indicator of Success in Investing.

The investment industry is always harping on topics, like taxes or fees, that they claim will have the biggest difference on your success as an investor. Today, Paul and Jim set the record straight by letting you know that it is the behavior of you and your investment manager that makes the biggest difference on the outcome. Listen along as these two advisors talk about the often ignored topic of behavioral finance. Later in the episode, Paul and Jim talk about why trying to make investing easy can actually lower your confidence as an investor.

 

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

There’s No Real Evidence of a Retirement Crisis

It seems like every few months you hear that lack of personal savings combined with a failing Social Security program is leading to a Retirement Crisis. Today, Anne brings an article that points to the fact that there is no real evidence yet to prove these kinds of claims and plenty of evidence to the contrary. Listen along as these advisors unpack a more level-headed take on what the future of retirement will look like for people in the United States. Later in the episode, Anne talks about the billions of unseen dollars lost or spent by family members who are trying to forgo long-term care costs for the aging loved ones.

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Stop and Examine Your Core Beliefs About Money

Evan encourages you to spend a few minutes in reflection about what money means to you and how those beliefs could be affecting your relationship to your finances. Is money good or bad? Is it a struggle for you or out of your control? Are people using money to have power or control over you? After some discussion, Evan and Anne encourage you to challenge some of your money scripts and be open to seeing money as a tool that can help you live in your purpose and make the world around you a better place. Later in the episode, Evan shares his frustration about a popular internet influencer giving troubling advice about investing to people who trust her.

 

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Are You On Track To Meet Your Retirement Goals?

Today, Paul brings a few questions from his time teaching financial stewardship at Trevecca and wants Evan and Anne to share their perspectives. They start by tackling the question, “What was the best investment you’ve ever made?” and then pivot to talking about how to know you’re on track to retire. Listen along as both Paul and Evan share their best investments and the advisor gives a clear framework for tracking your retirement goals.

 

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Generational Wealth and a Strong Purpose for Money

Anne brings in an article about how the financial process looks different for people who have generational wealth and what kind of conversations an advisor would have with someone who has less fear of “losing it all” and a greater expectation of leaving a legacy to future generations. Paul shares his insight on why having a strong purpose for your money will give you clarity about conversations around legacy, and he cautions people against letting their feelings lead in the investing process. Even the wealthiest investors can let fear and greed keep them from relaxing about money. 

 

For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.