The Investor Coaching Show with Paul Winkler

It’s the Holiday Season. Focus on What Matters Most.

With the holidays quickly approaching, Paul and Michael pause for a moment to reflect on how companies are going to use the happy feelings the holidays bring to market their products and convince you that the holidays will be better with their product. Listen along as the two advisors talk about why it’s so important to unplug from technology and focus on what matters most. Later in the episode, Paul tries to clear up the question: What happens to the credit card debit of someone who has just passed away?

 

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

Changing Your Money Mindset

Ira brings an article about learning to change how you think about money to better serve where you are in your life. Listen along as Ira and Evan talk about what you can do to improve your relationship with money without changing your income. Ira walks everyone through a valuable exercise that may help you discover your current money mindset and realign your thoughts and actions toward your true purpose for money. Later in the episode, Evan shares that there is a change coming to the FAFSA forms that will help students apply for student aid.

 

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 Hears a Popular Voice in Finance Share Some Downright Dangerous Advice

Today, Paul, Ira, and Evan talk about a recent video from a popular voice in finance claiming that the 4% rule is out of date and that you should be able to take 8% of your portfolio in income every year. The advisors quickly jump in to share why this advice is dangerous and could completely ruin someone's opportunity to live off their investments. Listen along to hear why the simple math of subtracting your returns from the inflation rate to calculate your income is unwise. Later in the episode, Paul talks about how the number of investment options today make the right investments harder to find.

 

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

Comparing an Income From Gold to a 60/40 Portfolio During Gold’s Most Successful Period in History

Paul keeps talking with people whose friends and family are taking all their money and putting it in gold or silver. Paul finally gets an advisor in the Goodlettsville office to find a time that gold actually fared well compared to stocks, then to compare taking an income from $1 million in these precious metals to a 60/40 portfolio. Listen along to hear how long it took these precious metals to stop producing an income for investors. Later in the episode, Paul talks about the financial industry trying to sneak sales pitches into investor education and how that can leave people feeling jaded and skeptical.

 

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

How to Tell if You’re in a Market Delusion: Part 2

Today, Paul Winkler invites Jim Wood to finish their discussion on one of the most common investor traps: getting caught up in market delusions. Using the most recent examples of electric vehicles and artificial intelligence, Paul and Jim talk about how investors get caught up in the promise of new technologies, discussing how financial media outlets and markets often overestimate the initial impact of these technologies. Listen along as these two advisors share an article that outlines how people get caught up in these market “bubbles” and why that ultimately works against your retirement planning.

 

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

How to Tell if You’re in a Market Delusion: Part 1

Today, Paul Winkler invites Jim Wood to discuss one of the most common investor traps: getting caught up in market delusions. Using the most recent examples of electric vehicles and artificial intelligence, Paul and Jim talk about how investors get caught up in the promise of new technologies, discussing how financial media outlets and markets often overestimate the initial impact of these technologies. Listen along as these two advisors share an article that outlines how people get caught up in these market “bubbles” and why that ultimately works against your retirement planning. 

 

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 $2 Million Coal Mine Is Now Worth Almost $37 Billion in the United States?

Today, Evan shares a fascinating story this week about a man who purchased a coal mine for $2 million that might actually be the United States’ largest deposit of rare earth material — some of which China has just started restricting exports for. Listen along as Evan and Ira talk about how fast this got built into stock prices and what this may mean for making microchips or semiconductors in the United States. Later in the episode, Evan addresses a conversation he overheard on WTN between a producer and host who are worried they are never going to see a penny of social security. Evan explains what the need around funding Social Security looks like and why there is room for some optimism for Americans around this program.

 

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

Investing Doesn’t Need to Stay a Mystery

Some people work their whole lives convinced that investing is too complicated for them to understand. Today, Evan and Ira talk about an important conversation that can help people connect the basic life lessons and principles people use every day to investing principles. Listen along as these advisors work to demystify some of the investing process by talking about how planning for the future instead of predicting the future, accepting your own limits, and acknowledging uncertainty can either create stress or opportunities.

 

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

Debunking Common Myths That Hurt Your Retirement

Retirement is very different than it was 30 years ago when most employees had pensions and did not have to work as hard to make a retirement plan. Today, Ira brings an article about nine retirement myths to stop believing that could create big problems during your retirement years. Listen along to hear Evan and Ira react to some of these myths and explain why believing them isn’t the same as making a plan that fits your needs. Later in the episode, Evan expands on these ideas by sharing an article called, “The Big Question in Retirement: Who Am I Now That I’m Not Working?” 

 

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

People Who Struggle With Money Make These Five Mistakes

Today, Evan and Ira talk about a recent conversation that Warren Buffett had about five money mistakes that people who find themselves in a habitual money struggle make. Listen along as the two advisors share their personal experiences and perspectives about these money traps and how you can avoid them and begin to relax 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.