The Investor Coaching Show with Paul Winkler

Does Paul Hate Annuities? — Part 2

Annuities are a very polarizing topic. Some investment professionals claim to hate annuities and  assert that nothing good can come from them. Others work closely with insurance companies and push annuity products to people who won’t benefit from them. In a two-part episode, Paul and Ira explain why neither of these approaches help investors understand what annuities are and their potential uses. Listen along as these advisors explain what annuities are, what problems annuities solve, and how they have made insurance companies a lot of 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.

Does Paul Hate Annuities? — Part 1

Annuities are a very polarizing topic. Some investment professionals claim to hate annuities and  assert that nothing good can come from them. Others work closely with insurance companies and push annuity products to people who won’t benefit from them. In a two-part episode, Paul and Ira explain why neither of these approaches help investors understand what annuities are and their potential uses. Listen along as these advisors explain what annuities are, what problems annuities solve, and how they have made insurance companies a lot of 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.

What You Can Learn From the 15 Worst Performing Mutual Funds of 2023

Paul and Jim continue a conversation about the worst 15 performing mutual funds of 2023 and why they do such a great job of teaching about efficient markets and diversification. Listen along to hear which funds would have been the worst to own in 2023 and why. Later in the show, Paul talks about why it’s so hard to get into a large investment firm and change the culture and investment philosophy. 

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

New Bitcoin ETF Approved Last Week — Here’s What You Should Know

New Bitcoin ETF got approved this week and with it comes some confusion for investors. What is an ETF? Is this good for Bitcoin and crypto long term? Does the ETF actually have Bitcoin in it? Should I be invested in this kind of product just in case it’s highly successful? Paul and Jim cover these topics so that you can understand what’s going on with this product and relax about money. Later in the episode, Paul and Jim discuss the worst performing mutual funds for 2023.

 

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

Ira Has Changed His Opinion on 529 Plans

Today, Ira talks about his personal experience with sending kids to college and why the many options for kids to get financial aid or to choose a path other than college has kept him from being excited about 529 plans until recently. The new rule that allows moving funds from 529s to Roth IRAs has changed his perspective on them and how useful they can be for a financial plan. Later in the episode, these advisors talk about the challenges of getting home and auto insurance in 2024.

 

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 FAFSA Just Got More Complicated to Fill Out

In an attempt to speed up and simplify the financial aid process, the application for the FAFSA has created technical difficulties and a crunched timeline for applying and receiving your benefits package. Paul and Evan talk through the challenges this year for applying for federal aid and how the automated tax section of the application can cause some issues. The advisors then segue into discussing how to make sure your taxes are correctly filed for your retirement accounts.  

 

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 Industry Is Abandoning ESG. No One Should Be Surprised.

For years, we were hearing companies push to get investors into ESG investments and talk about the benefits of investing in environmentally sustainable companies. Now the industry is abandoning this idea. Paul, Evan, and Ira explain how the industry has pushed investors into these kinds of trends for decades and why no one should be surprised when investment philosophies that don’t acknowledge basic investing principles eventually fail and fall away. Later in the show, Paul talks about shifting your investments based on the future vs. market efficiency. 

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

Don’t Blindly Trust Advice From Wealthy Investors

Evan finds an article that highlights a mistake that investors often make: getting their investing advice from people who are wealthy. Paul and Evan talk about why wealthy investors are prone to taking more risk than they should, trusting their emotions, and falling into sales traps. Listen along to hear why being wealthy doesn’t make you good at investing and how you can become an educated investor at any career stage or income bracket. Later in the episode, Paul brings an article called “This Will Not Save Social Security” that pushes back against taxing income over $160,000 to save Social Security. 

 

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

Bad News Can Make the Market Go Up. Here’s How.

Paul shares an article from the Wall Street Journal called “The Future Is Bright if You Know Where to Look” that talks about a need for more optimism about the economy and markets. Paul and Ira talk about the 90s when bad news was actually good for markets and why bad news today can cause markets to go up because it means the FED won’t keep getting involved to curb inflation. Paul wants investors to know that optimism is important to investing but can be used against investors to encourage market timing. Later in the show, Paul talks about how annuity issuers are struggling to get loans from banks because of their risk products.

 

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

Constantly Updated Financial Advice Is a Red Flag

Paul overheard a radio commercial for a best selling book called “Unbreakable Investor” that the author claimed needed to be updated due to some unexpected market events. Listen along as Paul, Ira, and Evan talk about their concern for the hundreds of thousands of investors who bought and implemented the strategy in the first copy. The bottom line is that constantly updated financial advice is a red flag and there is an investment strategy that helps keep investors from playing the guessing game. Later in the episode, Paul brings up a company who is offering a “match” on your IRA and how this is a great marketing tactic for these companies, but he explains that these companies will figure out how to make the money on the back end.

 

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