Sa For Fas

Guest podcaster Jason Kirsch, CFP(R) discusses increasing demand for speculation among his younger clients.Learn more about your ad choices. Visit megaphone.fm/adchoices

The huge and rapid across-the-board gains of the current market make now the most relevant time to remind investors of the protective value of asset allocation. This podcast (5:46) argues that we should reduce risk and aspire to steady returns. While we cannot predict the future — indeed, because we cannot predict the future — we should plan our finances in such a way as to avoid calamitous outcomes.Learn more about your ad choices. Visit megaphone.fm/adchoices

Ron Surz’s new book “Baby Boomer Investing in the Perilous Decade of the 2020s” offers guidance on protecting lifetime savings that now reside in the crossfires of financial disaster. He is making the book available for free this week, through May 28, on Amazon. In this podcast (21:34), Surz explains why he believes the 2020s are a time of heightened risk, how boomers, who are most exposed, can protect themselves from this risk, and how even those who have saved insufficiently can live a dignified retirement.Learn more about your ad choices. Visit megaphone.fm/adchoices

Intel’s detractors criticize the company for falling behind competitors in data-center sales, for reducing buybacks and for declining profit margins. But it is when a company is down that its stock price provides an attractive entry point. This podcast (8:05) argues that Intel’s problems are fixable and that its new leadership appears to be busy fixing them now. And in the meantime, its stock sells at a modest price-to-earnings ratio of 12, a fraction of the industry average.Learn more about your ad choices. Visit megaphone.fm/adchoices

Veteran investment research Laurence (Larry) Siegel’s response to all the doomsday stories in the daily news is his book “Fewer, Richer, Greener,” which offers a long view of the progress and economic growth our world has known, despite the proverbial bumps on the road. This podcast (20:40) challenges Siegel with a bit of the gloom and doom that we’re seeing. The financial analyst concedes that a sober view of markets is justified, but defends the view that the broader economy is progressing. In this interview and in his book, Siegel prefers to light a candle than to curse the darkness. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Fed’s interventionist policies are the primary source of our current “everything rally,” and it is this same factor that will eventually upend it. This podcast (7:50) argues that discounted cash flows and other tools of fundamental analysis are compromised when the so-called risk-free rate of money has been openly distorted for so long, and why other factors are worthy of consideration. It also suggests that investors always be prepared for risk-off scenarios.Learn more about your ad choices. Visit megaphone.fm/adchoices

At a time when oil majors are facing increasing pressure to reduce greenhouse-gas emissions, a key question for investors concerns not which future technologies will prevail but who is helping these companies get rid of their methane right now. This podcast (6:40) argues that Baker Hughes’s solutions are performing right now in an area of rising regulatory scrutiny and hence growing market importance.Learn more about your ad choices. Visit megaphone.fm/adchoices

Ambev (ABEV) operates in a country reeling under pandemic, but Brazilians continue to drink beer, revenue is growing and investor fear of Brazil will eventually subside as a commodity boom lifts its currency. This podcast (7:28) argues that Ambev is already increasing revenue while cyclical factors should help it cut costs, fueling a renewed look by investors at an emerging-markets company with a popular product and solid customer base.Learn more about your ad choices. Visit megaphone.fm/adchoices

I have no regrets about missing out on a stock on my watchlist that moved up 700 percent this past year, but feel more regret for a value stock I failed to snatch before it moved up 25 percent. This podcast (6:21) argues that past experience, which in my case has shown that the market ultimately recognizes value, encourages me to hold cash while searching for value stocks with long runways, enabling me to enjoy the tranquility of a portfolio requiring just mild supervision.Learn more about your ad choices. Visit megaphone.fm/adchoices

The contemporary prophet Harry Dent Jr. says the stock market will collapse this month. The financial newsletter writer even added that he will quit his job if he is wrong. This podcast (6:21) warns that even the most brilliant economic sages – like the great American economist Irving Fisher – falter when they make predictions, because their vast knowledge does not endow them with this ability. Hoping to cure investors of their innate credulity, I summon the story of the Witch of Endor, which memorably illustrates the fraudulence of acts of divination.Learn more about your ad choices. Visit megaphone.fm/adchoices

From Ancient Rome to Argentina under Peron to the U.S. over the past two decades, extreme spending unmoored to tax revenue has a hoary history ill befitting the title “Modern” Monetary Theory. This podcast (7:42) argues that MMT is not a theory awaiting adoption but rather a description of the bipartisan policy of the United States for some time now, though never more so than under its current “go big” moniker. But will “go big” become “go bankrupt?” Learn more about your ad choices. Visit megaphone.fm/adchoices

The Argentine conglomerate Cresud lies at the intersection of real estate and commodities, sectors that tend to do well in periods of changing inflation expectations, and its P/E is just 5. This podcast (7:47) explores why the stock seems to be especially well positioned to thrive in the current period, while raising questions about management and deeper concerns about the political and economic environment that weighs down Argentina.Learn more about your ad choices. Visit megaphone.fm/adchoices

Government stimulus and Fed indifference are stoking an investor fear of inflation that has been dormant for decades. This podcast (6:07) looks at research by investment strategist Michael Crook indicating that a global-equity portfolio may offer the most protection against inflation. It also contains surprising findings about gold’s relationship to price changes and interest rates.Learn more about your ad choices. Visit megaphone.fm/adchoices

The lesson I take from the GameStop affair is that the stock market does not necessarily reward investment sophistication but is exquisitely responsive to investment speculation. This podcast (4:29) argues that no matter how smart you as an individual may be, your chances of success in the stock market are overwhelmingly influenced by how dumb everyone else is. To succeed in such a market, we must take a self-consciously long-term approach, as if we’re purchasing shares for our grandchildren.Learn more about your ad choices. Visit megaphone.fm/adchoices

The dollar is worth about one-twenty-sixth of its value a century ago, and loose fiscal and monetary policies portend a deepening of the trend. This podcast (8:03) looks at the few currencies that have held up well to the dollar over a decade or more, reflecting underlying monetary and fiscal discipline.Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial advisor work should be regarded as a helping profession. This podcast (5:34) frames that notion via a few inspirational quotes from poets Edwin Markham and Rudyard Kipling, and Israel’s first prime minister David Ben-Gurion and anthropologist Margaret Mead.Learn more about your ad choices. Visit megaphone.fm/adchoices

Analyst Marc Gerstein argues that senior secured loans are a safer bet than junk bonds, but even he considers them aggressive. This podcast (7:52) favors privately owned real estate as a source of income for those comfortable with that commitment, but suggests that accepting today’s low yields is a better choice than accepting a level of risk that can ruin your retirement.Learn more about your ad choices. Visit megaphone.fm/adchoices

A new paper by David Blake of London’s Pensions Institute explains how nudges and peer-group networks further people along toward greater retirement security. This podcast (6:56) argues that instead of seeking peer-group validation, it would be far more helpful if younger people were paired with older people, a pairing financial advisors are uniquely capable of making, to everyone’s advantage.Learn more about your ad choices. Visit megaphone.fm/adchoices

The story of America’s first celebrity economist, Irving Fisher, should cure anybody still milling about for expert predictions. This podcast (7:06) argues that investors, instead of spinning their heads listening to other people’s predictions, would do well to secure for themselves predictable income.Learn more about your ad choices. Visit megaphone.fm/adchoices

The Society of Actuaries has released a report on over a dozen significant retirement risks. This podcast (8:32) suggests that investors needn’t sweat such lengthy checklists if they get the big issues right before entering retirement, and proposes a major issue people ought to concern themselves with but which nary gets a mention.Learn more about your ad choices. Visit megaphone.fm/adchoices