Sa For Fas

Not only have people not saved enough for retirement, but they have not planned enough. The two are doubtlessly related. This podcast (5:10) suggests that client hand-holding at its best involves explaining concepts and providing a sounding board so that investors can make better-informed, and thus better, decisions.Learn more about your ad choices. Visit megaphone.fm/adchoices

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Mark Mappa of Mappa Wealth Management in Glenview, Ill., is a financial advisor and author of a new book called “Cash Flow is King.” In this podcast (21:00), Mappa makes a forceful distinction between clients with millions of dollars, but not enough to retire, and clients with just hundreds of thousands of dollars who will be quite comfortable.Learn more about your ad choices. Visit megaphone.fm/adchoices

A 2020 investment outlook from J.P. Morgan Asset Management offers a perceptive macro-analysis. This podcast (6:03) suggests that we not look to these outlooks for their investment recommendations, but as an exercise in thinking, to deepen our understanding of markets, something this analysis succeeds at.Learn more about your ad choices. Visit megaphone.fm/adchoices

Among the unknown variables which advisors must address through their retirement planning is the uncertainy of our mortality, the ambiguity of investment performance and the anxiety of financial pressures. This podcast (6:18) suggests that helping with these issues can enhance clients’ feeling of well-being, as evidenced by a recent study showing advised investors feeling financially secure at over twice the rate of unadvised investors. Learn more about your ad choices. Visit megaphone.fm/adchoices

The British pound hit a 31-month high against the euro last week, presumably because the Conservatives maintain a healthy lead over Labour in this week’s elections. This podcast (5:54) highlights the reasons why investors will not come out ahead in this election, no matter the outcome.Learn more about your ad choices. Visit megaphone.fm/adchoices

A recent visit with a 95-year-old was a reminder of the relative rarity of such encounters. This podcast (5:27) illustrates the health, investing and income implications of reaching a ripe old age, and encourages learning from the wisdom and experience of the elderly to whom we have access.Learn more about your ad choices. Visit megaphone.fm/adchoices

Equity analyst Ian Bezek makes a solid case that Chilean stocks (ECH) have been oversold on political fears. This podcast (6:12) agrees with Bezek’s thesis and adds that the demonstrations in Chile are reminiscent of the yellow-vest protests in France, whose start was accompanied by a decline in the stock market, which then went on to recover and reach new highs.Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people have not even tried to save for retirement, and the reason could be that people are reluctant to start something they expect to fail at. This podcast (5:27) suggests that the despair may stem from the unknowability of the key variables in retirement planning and illustrates the sort of behavioral support that can make retirement saving feel doable.Learn more about your ad choices. Visit megaphone.fm/adchoices

For a quarter of a century, Dalbar has highlighted the problem of poor investor performance, fueled by return-chasing and panic selling; now it is offering a practical solution it calls I-PRT (Investor Panic Relief Tool). This podcast (7:15) explains that Dalbar’s solution is not to prepare investors ahead of time with education that doesn’t work, but rather to prepare the advisor ahead of time with a tool that could tilt the scales of the “fight or flight” reaction toward “fight.”Learn more about your ad choices. Visit megaphone.fm/adchoices

Generally speaking, achieving retirement wealth gradually rather than quickly is normal and safer, for several reasons. This podcast (6:32) suggests that progress in investing is slow at first, but that a careful perusal of bar charts show that the farther the bar chart moves to the right, the greater the progress. Even still, there is a way, also gradual, for advisors to help clients accelerate their progress.Learn more about your ad choices. Visit megaphone.fm/adchoices

ETF manager, author and popular investment blogger Mebane Faber covers a wide range of asset-allocation issues from buy-and-hold to global value investing. In this podcast (20:51), Faber sees asset allocation from the standpoint of market history, and insightfully addresses the difference between becoming rich and staying rich.Learn more about your ad choices. Visit megaphone.fm/adchoices

Thanksgiving is very much a day celebrating economic success, and as such, is something financial advisors can learn from. I would argue that their thriving when their main hope had been to survive was the source of their jubilation. This podcast (5:06) suggests that advisor’s concrete actions in the realm of wealth management over time take on an intangible quality, in which clients can enjoy wealth and financial stability as a result of the advisor’s influence over many decades.Learn more about your ad choices. Visit megaphone.fm/adchoices

Investors have heavily favored bonds over stocks this year, and among fixed-income ETFs, corporate investment-grade bonds have attracted the lion’s share of inflows. Indeed, Seeking Alpha’s bond ETFs page shows that, year to date, long-term U.S. corporate bonds have had the best performance, at 18%. This podcast (5:42) suggests however that if the objective of holding bonds is safety, the extra yield of corporate bonds, despite the substantial yield spread, is not worth the extra risk, as a result of ever poorer credit quality and inflation.Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Hennessy of Harbor Crest Wealth Advisors caters to boaters and business owners who live or work in proximity to Fort Lauderdale, “the yachting capital of the world.” In this podcast (18:52), the South Florida financial advisor “geeks out” on the quantitative side of wealth management while adding the deeper satisfaction he derives from helping retiring clients feel fulfilled. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Brookings Institution’s Retirement Security Project suggests that managed-payout funds might be the Goldilocks option between lump sums and annuities. This podcast (6:44) notes that Brookings’ policy wonks are proposing very much the sort of retirement portfolio that many financial advisors seek to put in place – a growth portfolio, a monthly paycheck, an emergency fund and longevity protection.Learn more about your ad choices. Visit megaphone.fm/adchoices

Sales recruiter Jonathan Sack discusses how one commands respect, an issue of obvious relevance to financial advisors who must relate to clients and prospects. This podcast (5:42) argues that advisors’ knowledge and problem-solving ability counts most in earning respect, yet advisors never get to display what they know if they haven’t first demonstrated the mode of conduct that is socially required to succeed in business. Learn more about your ad choices. Visit megaphone.fm/adchoices

The standard advice to workers leaving their employment as to whether to take a lump sum or annuitize is to take the lump sum. This podcast (5:45) argues that retirees should ideally have both portfolio wealth and an income they cannot outlive, but that when a choice must be made, one should examine the decision from both investment and consumption angles.Learn more about your ad choices. Visit megaphone.fm/adchoices

MarketWatch’s Mark Hulbert and Seeking Alpha contributor Jeff Miller discuss whether America’s drowning in debt will sink the stock market. This podcast (6:18) argues that while markets don’t rise or fall on debt considerations in the short-term, in the long-term high debt corrodes our self-control and diminishes our ability to make midcourse corrections. I also point out that the indebtedness process is precisely the opposite of the process financial advisors employ to build their clients’ wealth.Learn more about your ad choices. Visit megaphone.fm/adchoices

Despite blockchain’s enormous potential, it is far from clear who would win, or how they would win, thus making micro-cap blockchain investing quite risky. This podcast (5:07) argues against succumbing to “hot” new areas lacking a clear path to profitability, while noting that profitability and conservative investing, issuance and accounting practices have proven reliable signals of long-term outperformance.Learn more about your ad choices. Visit megaphone.fm/adchoices