The Investor Coaching Show with Paul Winkler

Rekenthaler’s 3 Investment “Truths” We All Need to Unlearn

Today, Evan shares an article written by one of his favorite investment writers, John Rekenthaler. In this article, Rekenthaler explains three common investment “truths” that he claims “haven’t stood the test of time.” Listen along as Evan shares how easy it is to believe something that isn’t true, because it was the best way to understand what was happening at the time. People believed for thousands of years that the sun revolved around the Earth. Check out these investment fallacies and why it is important for us to let them go as we continue down the path of becoming an educated 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.

Trump Promotes Crypto and the Olympics Promote Free Markets

Today, Evan debriefs two major events that took place last weekend and explain how they may affect different investment markets. First, former President Trump comes to Nashville and vows to formalize Bitcoin’s position with the federal government. Evan explains how the price of Bitcoin will likely be connected to the election because of the Republicans position on it. Next, the Olympic’s open in Paris this weekend highlight that 200 countries can collaborate and compete together in a peaceful way. Evan talks about the impact of the Olympics on trade and how the U.S. has many more friends than it has enemies. Later in the episode, Evan talks about some of the problems with indexing and why PWI only uses it in specific situations. 

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

Top Headlines Can Be Confusing for Investors, But We Can Learn from Them

Paul grabs a snapshot of the top financial headlines of the week and immediately notices how confusing they could be for anyone who is toward the end of their work life and starting to think about retirement. Paul talks about how even the phrase “stock market” in a news story can be misleading and encourages you to view these headlines not as financial advice but as a way to understand the problems in the investment industry. Later in the episode, Paul explains how to navigate the website and take advantage of the hundreds of hours of education available via webinars, podcasts, episodes, videos, and blogs.  

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 Bitcoin 2024 Conference Comes to Nashville

Today, Paul talks about the Bitcoin 2024 conference, an event that recently came to Nashville and got a lot of local and national attention. Amid all the hype of VIP lounges, star-studded panels, and media frenzy, Paul wants you to know that Bitcoin hasn’t fundamentally changed since its invention in 2008. Paul explains why Bitcoin evangelists constantly preach similar messages about how Bitcoin will revolutionize the financial industry and turn average investors into wealthy, modern, and savvy investors. Paul wants you to know that confident investors don’t take risks they aren’t fairly compensated for and don’t chase products to feel significant or intelligent. Later in the episode, Paul talks about how he assumed a mortgage on his first house and how almost 23% of mortgages in the United States are currently assumable.

 

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

Annuity Claims to Offer a 20% Premium Bonus as a Sales Pitch

Dan has a client bring in a product offer that claims to have a 20% premium bonus, but Dan looks into it and quickly realizes that this isn’t really in anyone’s best interest but the insurance company selling it. Then, Paul shares his biggest complaint about annuity sales. Listen along to hear why insurance companies keep morphing their products to address problems people know about while creating new problems that are hard to understand. Later in the episode, Paul shares a clip that says Bitcoin is a good asset to own because it doesn’t move in the same direction as markets. Paul is very skeptical of that claim because we only have about 10 years of data so far on Bitcoin and it has been very rocky.

 

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

What Is Tax Lien Investing?

Nik mentions an ad that has been popping up all week on the YouTube videos he’s watching about a Tax Lien Workshop coming to Nashville soon. Nik asks Paul, Evan and Dan to explain what tax lien investing is and if there is any merit to it. Listen along as the advisors clearly explain tax lien investing principles and explain why people who are selling workshops or insider information about investing are usually profiting more from the worksop than they are from the investing itself. Later in the episode, Paul talks about how China used debt to force real estate growth and how it is coming back to hurt them economically.

 

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

Final Guidelines from IRS on Secure Act 2.0 Inherited IRA Rules

Since the Secure Act 2.0, inherited IRAs must be emptied within 10 years of the death of the original owner. The problem was that the IRS was not specific about how the money needed to come out during this time. Today, Evan shares the final rules about withdrawing money from inherited IRAs and how the schedule of withdrawals is largely determined by whether or not the previous owner was taking RMDs before they passed. Later in the show, Evan brings up two great examples where investors have been interested in getting too creative with bonds in their portfolio and they have put themselves at unnecessary risk because of it. 

 

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

Paul and Evan React to Trump Rally Shooting, Then Discuss Gold vs. Stocks

Paul and Evan reconnect after the third hour of the show didn’t air live last week due to breaking news around the failed assassination attempt on the former President. They explain how the uncertainty around the news regarding the shooting and regarding the other side of the ticket are what is causing the markets to dip. Next, Paul and Evan have a conversation about gold dealers’ biggest sales pitch – that it protects investors from inflation and economic disaster. Paul and Evan explain why people who sell gold work create fear around the dollar and stock markets and offer gold as the best alternative. Listen along as the advisors reveal the returns of both stocks and gold after inflation and encourage investors not to trust gold advertisements but well documented, Nobel Prize-winning strategies. Later, Paul and Evan talk about banks dumping real estate loans.  

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

Do Not Get Estate Planning Advice from Famous People

Today, Evan finds some with a large online following encouraging everyone to have a trust in their estate plan. The first red flag about this advice is that this person is not an estate planning lawyer nor are they a financial advisor. Today, Paul and Evan talk specifically about the trouble with the advice about trusts from this social media post, and then they get into a larger conversation about why getting financial advice from family, friends, and famous people you trust is dangerous and can lead to all kinds of bad financial decisions. 

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

“I Have No Idea If I’m Saving Enough”

Today, Paul brings an article that highlights a young woman who can’t relax about money because she doesn’t know if she’s even saving enough. Most people don’t realize that it is possible to forecast what your retirement savings and income will look like based on your current savings plan. Listen along as Paul shares a lightbulb moment in his early career about this and explains what you need to know to take the mystery out of the process. Paul also cautions that the financial industry is quick to sell products based on the promise of safety and stability in retirement, but that most of these products are better for the people that sell them than they are for the buyer. Later in the episode, Paul and Evan talk about an alarming increase in consumer credit card debt.

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