The Investor Coaching Show with Paul Winkler

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.

It’s Time to Talk to Your Spouse About Retirement

It's common for an advisor to sit down with a couple who doesn’t see eye-to-eye on what their retirement years will look like. The truth is that couples can spend decades together and not feel the need to talk seriously about those retirement years. Today, Ira brings in a new study that finds one-in-one couples disagree on what they will be spending and, ultimately, how much they will need to save for retirement. Listen along as Ira and Jonathan talk about getting together with your spouse to have a real conversation about retirement planning. Later in the show, the advisors notice what this study says about couples and estate planning and how you can overcome the uncomfortable topics of death and finances to make a plan and start 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.

Focusing on What Makes a Difference: The Seven Virtues of Successful Investors

As with most things in life, what you know is less important than who you do. Today, Ira talks about the seven virtues of successful investors. Listen along to hear what virtues differentiate successful investors from the rest. Ira and Johnathan talk about how patience, curiosity, and humility can put you in a position to have a healthier relationship with your finances and relax about money regardless of your income or stage of life. 

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

The Media Is Telling Us That the Market Had a Rough Month, but Did It?

The DOW dropped 500 points in April. This also happened in 1987. The difference is that in 1987, this was a 22.6% drop and last month it was only a 1.4% decline. Today, Ira and Jonathan Walker talk about an article from Jason Zweig called The Volatility Illusion. This article highlights a trick that the financial news media uses to create the illusion of unstable markets—reporting on the magnitude of market changes, while never mentioning the percentage of change. Listen along as these two advisors talk about how the kind of information investors get on television and through news outlets doesn’t teach investors about how investing actually works.

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

WATCH OUT: These Financial Mistakes Are Permanent

Today, Paul and Jim talk about the kind of investing mistake you never want to make—an irreversible one. Listen along as Paul and Jim talk about the most common and dangerous permanent financial mistakes and what you can do to avoid these and others like them on your financial journey.

 

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

Is Gold an Investment? Nominal Return vs. Real Return

Today, Paul and Jim chat about why gold seems to be such a popular investment option, even though it has little to no real returns. The crux of the conversation comes down to your definition of “return.” Paul explains that there are two different kinds of returns, nominal and real, and teaches why using gold to build or protect wealth is not a good idea.

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

Can Your Portfolio Survive a Downturn in 2024?

Can your portfolio survive a downturn in 2024? Today, Paul tackles this question with some information about the history of market downturns, what kind of portfolios have fared the best, and how your portfolio should shift as you come closer to retirement. Later in the show, Paul walks through what is most important for his clients to understand as they walk through the financial planning process.

 

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

Registered Index-linked Annuities (RILA) An Annuity with Market-timing Options

Evan brings in annuities products where you participate in both the upside and downside of the market. Paul and Evan talk about how bizarre this product seems and allows you to choose how much risk you are willing to take and explain where this product fits with Fixed Income Annuities and Variable Annuities. Evan bemoans the fact that somehow insurance companies have figured out how to add market-timing to an annuity product. Later in the episode, Paul shares a gold advertisement and breaks down the strategies being used in it to make misleading claims about gold performance.

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 Skill Can Change Your Whole Perspective on Investing

If you’re happy with the income you’re making and you see your portfolio going up, you’re pretty likely to think that your investments are doing well. However, positive returns don’t mean positive performance in your portfolio. Today, Paul explains why learning how to read your portfolio statement unlocks your ability to make the right decisions for your financial future and if your investments are on track. Evan talks about the power of compounded interest and why seeing your portfolio go up can trick investors into relaxing about money and miss out on huge returns. Paul and Evan explain why the alternative to being educated is trusting an industry that depends on stock picking and market timing. Later in the episode, Paul talks about Netflix withholding subscriber data from investors and how some of the markets largest companies aren’t invincible. 

 

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

A Sneaky Annuity Sales Pitch and a Chat About Roth Conversions

Today, Paul, Evan, and Ira talk about how frustrating it is that the average agents and investors are fooled into investment strategies that sound better than they are. Listen along as Paul shares about an investor who was offered an annuity but the salesperson described it like it was Roth IRA. The advisors also talk about how common Roth conversions have become and why they aren’t right for everyone. The investment industry is working to convince you that there are ways to get wealthier without risk. If you believe them, you become a target for a product they’re trying to sell. Later in the episode, Evan brings up the 10-year rule on RMDs for inherited IRAs. 

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