The Investor Coaching Show with Paul Winkler

Buyer Beware: Always Read an Investment Firm’s Disclosures

Today, Paul talks about why he doesn’t believe investing with a CFP is enough anymore. Paul shows you how to spot financial firms that forgo proven investing principles, as well as how to tell when an advisor is market timing or working on commission. Paul tells all investors that you can't be fooled by the term “fiduciary” and need to learn how to quickly tell if an investment firm has a conflict of interest.

 

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

Financial Advice From Fathers – How to Give It and How to Receive It

Today, Paul and Evan reflect on Father’s Day by sharing the financial advice they got from their fathers and the financial advice they shared with their children. Later in the episode, the two discuss the way they help clients process their concerns about cryptocurrencies and other digital currencies. 

 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

ChatGPT vs. An Educated Investor – Why Human Behavior Trumps Technology

Technology has always been used by some investors as a way to achieve some advantage over markets and other investors. Things are no different today with artificial intelligence. Today, Paul and Evan look through an article that talks about ChatGPT’s performance in a mock-up portfolio and then explain why human behavior has always been a greater indicator of investing success than whatever new technological advancement is catching investors’ attention at the moment. Later in the episode, Evan shares an important lesson about stock picking by explaining what’s going on with two of America’s favorite beers.

 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

Advice for Aging Investors: Asking for Help and Building a Team You Can Trust (Part 2)

There is a unique set of challenges investors face as they enter their golden years. Studies show that as your cognitive abilities start to fade, your confidence does not. Today, Paul and Jim want to help you, or perhaps a loved one, learn how to navigate this time and avoid the financial traps unique to this stage of life. Listen along as these two advisors talk about how to avoid being taken advantage of by companies or relationships that are only financially motivated and why the best advice for aging investors is to learn how to ask for help and build a team you can trust.

 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

Advice for Aging Investors: Asking for Help and Building a Team You Can Trust (Part 1)

There is a unique set of challenges investors face as they enter their golden years. Studies show that as your cognitive abilities start to fade, your confidence does not. Today, Paul and Jim want to help you, or perhaps a loved one, learn how to navigate this time and avoid the financial traps unique to this stage of life. Listen along as these two advisors talk about how to avoid being taken advantage of by companies or relationships that are only financially motivated and why the best advice for aging investors is to learn how to ask for help and build a team you can trust.

 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

Discussing Our Digital Soul with Jenny Black, Licensed Marriage and Family Therapist (Part 2)

Today, Paul is excited to welcome Jenny Black to The Investor Coaching Show to discuss media trauma and her book Our Digital Soul. Jenny is a Licensed Marriage and Family Therapist that studies the effects our digital world has on us and helps people identify and cope with media trauma. In this second half of their interview, Black explains an experiment called “The Saturday Project” that is designed to get you in touch with yourself, away from second-hand trauma, and closer to the people you love.

 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

Discussing Our Digital Soul with Jenny Black, Licensed Marriage and Family Therapist (Part 1)

Today, Paul is excited to welcome Jenny Black to The Investor Coaching Show to discuss media trauma and her book Our Digital Soul. Jenny is a Licensed Marriage and Family Therapist that studies the effects our digital world has on us and helps people identify and cope with media trauma. In the interview, Black starts by explaining why developing a healthy relationship with your phone is a high-priority for your mental health and how social media and smart devices seem like they make life easier or promote connection, but they actually create an environment of stress and dissatisfaction.

 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

An Unprecedented Week in American Politics: Is Now a Bad Time to Be in the Stock Market?

Today, Paul and Ira answer a question from a listener who is concerned about how an increasingly volatile political climate will affect investors. Paul explains why politics don’t historically have a long-term effect on the stock market and points to an article in MarketWatch that shows it may also not have much of a short-term effect either. Later in the episode, Paul laughs along as Ira shares a letter a client got from an advisor from an investment firm that has some seriously questionable advice in it. 

 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

If You Don’t Know What’s in Your 401(k), It’s Time to Find Out

Paul recently had a friend confess that they weren’t sure what investments are in their 401(k), but they’re ready to learn. Listen along as Paul explains why it’s so easy to have blind spots in this area and teaches a quick lesson about why investing in a 401(k) is a good idea, how to work with someone to choose the right funds, and why investing in a 401(k) isn’t a full retirement plan.   

 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.

High Interest Rates: Should You Move to Cash?

Today, Paul finds it ironic that investors are feeling tempted to put their retirement into a money market and savings account after months of banking issues, regardless of how high the interest rates may be. If you know someone considering this, listen along as Paul urges investors to understand that holding your money on the sidelines because of fear of the future is actually a form of market timing. Later in the episode, Paul shares an article about how retirement plans love to offer lots of fund options but no real diversification.

 

Get a copy of our new book, Confident Financial Planning, at paulwinkler.com/book.