The Investor Coaching Show with Paul Winkler

Morningstar Gets it Right: 7 Investments You Want to Avoid

Most of the industry is obsessed with telling you what you should have in your portfolio, but few people talk about the products that you shouldn’t own. Today, Paul is pleasantly surprised by the advice in a Morningstar article called “7 Things I Don’t Own in My Portfolio” that includes 7 popular investments that you want to avoid because you don’t get properly compensated for the risk. Listen along as Paul and Jim talk break down what these investments are and who is most likely to sell them 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.

Beyond Money: Preparing to Live Your Best Years in Retirement

Jim joins the show to talk about why having a lot of money or a plan for your money is not what brings you lasting happiness and purpose in retirement. Paul and Jim look at an article called “The Top 5 Regrets of the Dying” and share some insight into how you can prepare to live some of your best years after your career is over. Listen along as these advisors share some top regrets that people have at the end of their lives and how you can learn from their experiences.  Later in the episode, Paul is shocked to see so many Real Estate Investment Trusts (REITs) and cautions investors that the risk of these products is very high. Paul and Jim want investors to know that these products are not very liquid and sales people use “hot” real estate markets to convince investors that they enjoy some of the wealth in real estate.

 

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

Are Gold Investors Happier with Their Investments?

Evan talks with a friend who did a lot of research, purchased a lot of gold, but doesn’t have any more peace of mind than before. He also brings an article written by someone who is “pro-gold” but is noticing that, even in the midst of turmoil, the price of gold isn’t going up. Listen along as  Paul and Evan talk about how changing what you invest in based on how you feel is the definition of market timing and why following academic research keeps you from following your feelings. 

 

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 Talks About Investing and the Economy with Matt Murphy on WTN

Paul Talks About Investing and the Economy with Matt Murphy on WTN

Paul joins the Matt Murphy Show and talks about inflation and recessions. He also discusses how to approach investing so that you’re not gambling with your 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.

The FED Raised Rates, AI Takes Drive-Thru Orders, and Paul Is Still Optimistic

The FED raised interest rates less than some thought, and AI is improving the workplace experience for service industry employees, but the headlines are going to read, “AI is Coming for Service Industry Jobs!” or, “FED Raises Rates to Their Highest Point in 22 Years!” Today, Paul and Evan talk about these changes and why the world is a better place than it was 100 years ago. Pauls shares a fascinating study that shows 85% of what you’re afraid of won’t happen and 80% of the things that do happen actually result in valuable skills and lessons that make you a stronger person. Paul's takeaway: Learning to see the news clearly involves adopting some optimism. 

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 Underestimate Value Companies in a Portfolio

Paul was on WTN talking about interest rates, inflation, and the market, and he had a great chance to teach about what value stocks are and how they fit into a portfolio. Listen along as Paul recaps his conversation about value stocks, why he thinks they make investment portfolios more resilient, and why many portfolios are missing them. Later in the show, someone is trying to sell Evan a newsletter, saying that his investments could already be infected by China’s “spy chips.” Unfortunately, companies use fear to sell products when they should be helping investors understand their future goals and work to reach them.

 

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

Will You Outlive Your Money? Comparing Annuities to an IRA Strategy (Part 2)

Paul continues his conversation from the previous episode and explains that annuities can be hard to understand because the people that sell them overstate the benefits and don’t explain the risks properly. Paul wraps up his conversation about how RMDs on your retirement accounts can be a great tool and how the government actually utilized academic research on taking an income from a portfolio when crafting these laws.

 

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

Will You Outlive Your Money? Comparing Annuities to an IRA Strategy (Part 1)

Paul got another invite to a steak dinner from an advisor last week. He understands why that advisor held a dinner because he’s been a part of that side of the industry before. This invitation targeted people who fear outliving their money in retirement. Unfortunately, advisors often use fancy dinners and common fears to sell annuities. Paul shares about a workshop he taught on an IRA feature that is arguably more powerful for outliving your money than anything an annuity can offer 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.

Don’t Make These Money Mistakes When Sending Kids to College

Everyone wants their children to get a good education and be ready to have a successful life when they leave the house. Paul and Ira talk about a WSJ article called “Avoid These Financial Missteps When Sending Children Off to College” and share about their experiences in school, sending their children to school, and the financial mistakes you can’t afford to make for your children. Listen along to hear how to avoid making these mistakes and to hear about some resources you should encourage your children to take advantage of when going to college.

 

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

Tax Laws Changing in 401(k)s for High-Income Earners

Today, Paul and Ira talk about the difference between a Roth IRA and a Roth 401(k) and some tax law changes in 401(k)s that are going to lower the tax advantages for many business owners and high-income earners. Listen along to hear why tax advantages are an important part of investing in these accounts and how these advisors are concerned that investors trying to make big moves for tax reasons might get hurt when the government decides to change other tax laws. 

 

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