The Investor Coaching Show with Paul Winkler

2024 End-of-Year Tax Strategies That Could Get You in Trouble

Paul talks about end-of-year tax strategies that could get you and your portfolio in trouble. Everyone wants to avoid paying too much in taxes, but Paul wants you to know that tax strategies like tax loss harvesting can create a lot of problems in trying to rebalance your portfolio. Always seek the advice of a financial advisor and an accountant before trying out tax strategies at the end of the year. Later in the episode, Paul brings an article talking about investors' behavior around precious metals and how supply and demand is the biggest factor in the prices of silver and gold.  

 

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 Market Has No Memory

Today, Paul brings up a truth about markets that most investors don’t consider: The market has no memory. Paul ties this concept to two important areas that commonly trip people up: investing around elections and 4-star and 5-star funds. Listen along to hear why you’re always hearing that past performance is no guarantee of future results.

 

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

Feeling Like You Need To Make an Election-Related Market Move? Answer These Questions First

Today, Evan acknowledges the feelings of uncertainty everyone has around presidential elections. It’s ok to be concerned about the outcome, but you shouldn’t take it out on your portfolio. Listen along as Evan brings a list of questions you need to answer before you make an election-related investment decision.

 

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 Builds Funds for Consumers Not for Investors

Today, Evan talks about how deeply large mutual fund companies and investment firms are stuck in a model that isn’t good for investors. These companies are not amateurs and have all the same research as PWI. They know that holding small U.S. and international companies offers higher expected returns than large U.S. companies, but they still largely ignore the highest respected returns of markets. Why? Listen along as Evan explains that the average investor only holds onto mutual funds for 3.4 years and that investment companies are creating products to pitch to consumers instead of offering funds for long-term investors that follow sound academic principles. Later in the episode, Evan talks about some of the options a client can consider when they have a REIT and are ready to get out 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. 

This Concept Explains Why You Can’t Look at 5 or 10 Year Track Records

Today, Paul explains a concept he calls a vortex that shows how dissimilar investments can be over one, three, five, and 10-year periods and what happens to the returns over longer periods. The industry is trained to use five- and 10-year track records to sell investments. Listen along as Paul teaches you why your portfolio should follow Nobel Prize-winning strategies, not investments with great short-term track records. 

 

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

Mixing Money and Politics: Market Timing During an Election Season

Today, Paul and Evan talk about some changes that happened in the market because of news and speculation about a specific outcome in the elections on November 5th. Listen along as these two advisors break down how the news affects stock prices and why the investors trying to market time so close to an election are increasing their risk and stress by mixing money and politics. 

 

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

We Could Learn This Lesson About Business Success From Amish Communities

Today, Paul brings an article from the Wall Street Journal about economic mobility and success in business from an unlikely place: an Amish community in Ohio. Listen along as Paul talks about how building a strong community that serves one another is a powerful tool that can unlock success in business, a deep sense of purpose, and the preservation of the American Dream.

 

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 Shares Sales Pitches for Advisors From His Email Inbox

Today, Paul talks about the problem with investing being a sales-driven industry. Paul shares the constant barrage of emails from people hoping to pitch products and services that show up in his email inbox and explains how educated investors can usually spot when their advisors have fallen into common investing traps. 

 

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 Do You Protect Yourself From Criminals Like Bernie Madoff?

Over the last few decades, there have been multiple instances of investors getting caught up in massive frauds and losing all of their money (i.e., FTX or Bernie Madoff). Paul got to address an investor's concern on OpenLine earlier this week. Today, he dives a little bit deeper into the topic and explains why investors start to abandon proven investing practices and get sucked into investing with bad actors. Later in the episode, Paul talks about a Forbes article that puts a big price tag on the American dream and why you should ignore articles like these as you think about your life goals and your true purpose for 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.

A Quick Guide to Buying Auto Insurance in 2024

Insurance prices keep going up, pushing people who have been very loyal to their insurers to look for better coverage at a more affordable price. Today, Paul provides a quick guide to buying auto insurance in 2024, where he covers the difference between captive and brokerage companies and the factors that influence the cost of your insurance, then shares a major misconception that many have about their insurance companies.

 

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