The Investor Coaching Show with Paul Winkler

This Inheritance Turned From a Gift Into a Nightmare

If you’re going to go through the trouble of doing estate planning, you need to keep your heirs involved in the process. An inheritance should be a gift you give to your loved ones, but can quickly become a nightmare. Today, Evan brings a recent WSJ article called “The $1 Billion Art Collection That’s Tearing a Family Apart” to talk about the goal of an estate plan and how to keep your estate from becoming part of a legal battle that separates a family. Later in the episode, Evan brings a few common tools our brains use to make sense of the world around us that are actually “false patterning.”

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

Staying Sharp in Your 80s and Beyond

Taking care of your mind and body are two of the most important parts of finding fulfillment in retirement. Today, Paul and Anne discuss a recent book about Nobel Prize winner Adam Smith and what it takes to stay sharp in your 80s and beyond. Listen along to hear what happens to your brain as you age and the steps you can take today to improve your mental health. Later in the episode, Paul and Anne look at a preliminary study about whether or not working with a CFP can improve your marriage.

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

Most Investors Know the Rules of Investing But Their Advisors Aren’t Following Them

Paul starts the show talking about how most investors are overweighted in seven large US companies and don’t even realize it. This is because advisors and investment firms know the basic tenets of investing but don’t follow them. Paul finds that most investors already know the rules of investing and are surprised to find that their investment providers are disguising these practices and calling them other things. Later in the show, Paul shares a study called “The Misguided Belief of Investment Advisors,” which explains why your advisor's portfolio is probably performing worse than yours. 

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

Slowing Down to Think About Your Purpose for Money

Paul, Evan, and James talk about how quickly conversations about money and purpose come in the retirement planning process with new clients. Evan realizes that it may be difficult to slow down and think about your loved ones, your purpose, and your money. Listen along as these advisors explain how knowing your purpose for money focuses your spending and investing decisions. Later in the episode, earlier this month a house committee voted 50-0 trying to separate TikTok from its Chinese ownership and then TikTok retaliated. Evan shares about how the marketplace will likely sort out these kinds of issues faster than Congress will. 

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

Investment Vehicles: Having a Vehicle for Any Terrain

If investing was a race and each day you did not know the location or terrain you would be racing on, it would be a good idea to come prepared with a few different kinds of investment vehicles. Today, Paul explains how the industry tries to either sell you a vehicle that would have worked well yesterday or may work well in the future. Paul wants everyone to know that you can understand enough about investing to become a confident investor. Listen along as Paul, Evan, and James explain how to avoid being sold on flashy investment ideas and build an investment portfolio that will help you get to the finish line. Later in the episode, Paul talks about companies who claim to have low or no management fees, but are charging you for something that is hard to see or understand. 

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

Warren Buffett in 2024 – The Industry Is Treating the Market Like a Casino (Part 2)

In Warren Buffett's most recent newsletter, Buffett spends time eulogizing his friend and partner, Charlie Munger, while sharing the most concerning trend in the investing industry right now: turning the stock market into a casino game. Paul wants investors at any level to understand how pervasive and serious this investing trend has become. In this two-part episode, Paul shares why experienced investors trying to minimize risk before retirement, new investors picking stocks and commodities through trading apps, and average investors trying to pick a fund for their 401(k), are all stuck in the same system. Listen along as Paul shares how to sidestep the casino and build an investment portfolio that will help you reach your 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.

Warren Buffett in 2024 – The Industry Is Treating the Market Like a Casino (Part 1)

In Warren Buffett's most recent newsletter, Buffett spends time eulogizing his friend and partner, Charlie Munger, while sharing the most concerning trend in the investing industry right now: turning the stock market into a casino game. Paul wants investors at any level to understand how pervasive and serious this investing trend has become. In this two-part episode, Paul shares why experienced investors trying to minimize risk before retirement, new investors picking stocks and commodities through trading apps, and average investors trying to pick a fund for their 401(k), are all stuck in the same system. Listen along as Paul shares how to sidestep the casino and build an investment portfolio that will help you reach your 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.

What Is Holding You Back from Financial Health and Retirement Planning?

No one likes to be stressed about money and the future, but most people have a really hard time planning and following through. Why is that? Today, Ira and Anne compare two different articles that talk about cognitive biases, our brain's ability to take shortcuts when problem solving, and the ten most common problems that keep from relaxing about money. Listen along as these two advisors work to help you understand what may be holding you back from financial health and 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.

This Is How You Find Out If Your Financial Advisor Is Helping You or Just Selling to You (Part 2)

Most people walk into a meeting with a financial advisor trusting that the advisor will help them navigate the financial industry and advocate for their needs and goals. Unfortunately, that is often not the case. Listen along as Ira and Anne explain how insurance companies and financial advisors market annuities and five-star funds to investors without being completely forth-coming about how they get paid. Ira shares his early experiences selling annuities and shares the questions you can ask any advisor to quickly find out if they are helping you or just selling to you. Later in the episode, the advisors talk about the American Dream Experience and how it helps investors change how they think about money and investing.   

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 How You Find Out If Your Financial Advisor Is Helping You or Just Selling to You (Part 1)

Most people walk into a meeting with a financial advisor trusting that the advisor will help them navigate the financial industry and advocate for their needs and goals. Unfortunately, that is often not the case. Listen along as Ira and Anne explain how insurance companies and financial advisors market annuities and five-star funds to investors without being completely forth-coming about how they get paid. Ira shares his early experiences selling annuities and shares the questions you can ask any advisor to quickly find out if they are helping you or just selling to you.    

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