The Long Term Investor: Recent Episodes

Peter Lazaroff

We all need to make smart decisions with our money. The Long Term Investor shows you how to do it.

Hosted by the Chief Investment Officer at Plancorp and author of “Making Money Simple,” Peter Lazaroff distills complex financial matters into easily digestible lessons.

If you’re ready to get a clear plan for your investments and personal finances, you’re in the right place.

Get updates for my new book: https://Theperfectportfoliobook.com

Is there such a thing as a perfect portfolio?

In this short solo episode, Peter Lazaroff shares exciting news—his next book, The Perfect Portfolio, is coming in late 2026. Peter offers a behind-the-scenes look at what inspired the book, how it builds on timeless investing lessons, and why it’s designed to help you build a strategy you can actually stick with.

Get early access to exclusive content, excerpts, and updates at ThePerfectPortfolioBook.com.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Sign up for exclusive updates, offers, and bonus chapters of my new book: The Perfect Portfolio.

CNBC’s Senior Markets Correspondent Bob Pisani has spent over 25 years reporting from the New York Stock Exchange floor. In this episode, Bob shares vivid stories from the heart of Wall Street, key lessons learned from decades of covering financial markets, and timeless advice for long-term investors.

Listen now and learn:

► How electronic trading and ETFs revolutionized investing

► Why most investors struggle with forecasting markets accurately

► Bob’s firsthand experiences from major market crises, including 9.11 and the 2008 crash

► Essential tips for staying cal, during periods of market volatility

This insightful conversation offers valuable perspectives for investors of all experience levels.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[02:45] How Electronic Trading and ETFs Transformed Investing [05:56] Why the Complexity of Markets Remains Behind the Curtain [07:30] Common Investor Mistakes and the Challenges of Predicting Markets [14:36] Navigating Headlines and Staying Calm During Market Volatility [17:19] Reflections from Major Market Crises: Dot-Com, 9/11, and 2008 [26:29] Storytelling, Communication, and Memorable Interactions on Wall Street [35:35] The Ongoing Importance of Curiosity and Investor Education

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Sign up for exclusive updates, offers, and bonus chapters of my new book: The Perfect Portfolio.

Welcome to the world of TACO investing—where “Trump Always Chickens Out”—a phrase capturing the volatile cycle of aggressive policy threats followed by sudden reversals. In this episode, we’ll use the TACO phenomenon as a lens to explore how investors can better understand and navigate short-term market swings caused by political news.

Listen now and learn:

► Why markets often overreact to political headlines.

► The critical distinction between the economy and the stock market.

► How to maintain a disciplined, long-term investing mindset amid policy volatility.

► Key strategies that successful investors use to manage short-term uncertainty.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Sign up for updates and exclusive offers related to Peter’s new book, The Perfect Portfolio, by visiting https://theperfectportfoliobook.com

Recorded in front of an audience at the CFA Institute’s global conference (CFA Live), I’m joined by behavioral finance expert Brian Portnoy to dive deep into Behavioral Finance 2.0. This conversation goes well beyond the basic definitions of Behavioral Finance 1.0, letting storytelling, empathy, and emotional intelligence take center stage in helping people live more meaningful financial lives.

Whether you’re an advisor, investor, or simply curious about the psychology of money, this conversation offers a fresh and thought-provoking perspective on what it truly means to build wealth wisely.

Listen now and learn:

► Why classical behavioral finance may be too narrow—and what’s replacing it

► A powerful five-step framework for guiding clients through market stress

► How storytelling can transform financial advice into something truly personal

► What the rise of AI means for the future of human-centered advising

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(07:28) Navigating Today's Investor Mindset: Uncertainty and Storytelling

(12:36) Beyond Behavioral Finance 1.0: Moving from Flaws to Flourishing

(19:49) The Power of Asking Better Questions in Financial Advising

(28:50) Using the LASER Protocol for Client Conversations During Volatility

(42:30) Practical Applications: Storytelling in Financial Advice

(47:57) How Behavioral Insights Improve Investment Decisions

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Get an inside look at what’s shaping my thinking. Bi-weekly, I share the top 5 investing and financial planning articles I’m reading—straight to your inbox. Sign up for my newsletter.

Approaching retirement when markets are turbulent can make even seasoned investors anxious. In this episode, you’ll learn practical strategies for navigating uncertainty, ensuring your retirement stays on track.

Listen now and learn:

► How your portfolio differs from the broader market—and why it matters.

► A common retirement mistake to avoid during periods of volatility.

► Why your investment strategy should evolve as you transition from accumulation to retirement.

► The overlooked value of professional guidance when managing retirement withdrawals.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Big financial decisions ahead? Whether it’s retirement, a career change, or navigating complex investments, get expert guidance in a quick, no-pressure call. Schedule yours now.

In this episode, Mark Higgins, author of Investing in U.S. Financial History, reveals how understanding historical market crashes and human behavior can provide investors a powerful advantage. Discover why financial history is more than just fascinating stories—it’s a blueprint for smarter investing.

Listen and learn: ► The surprising ways historical market crashes mirror today’s economic climate ► Why understanding investor psychology from past crises can protect your portfolio ► How politics and inflation have historically influenced market behavior ► Key lessons from history that help investors avoid common emotional pitfalls

Tune in to learn how the past can help prepare your investments for the future.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(00:00) Introduction

(02:00) Why Human Behavior and Financial History Are Inseparable Guides for Investors

(09:24) The Interplay of Politics, Inflation, and Investor Behavior

(13:17) Stocks, Alternatives, and the Power of Simplicity

(16:51) Herd Behavior and Misunderstood Market Crises

(21:01) Building a Resilient Long-Term Portfolio

(28:12) Truly Unprecedented: Today’s Fiscal Picture

(29:23) Connect with Mark Higgins

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Where is your money really going? Most people are surprised when they track it. Use my Cash Flow worksheet to see exactly where your money is going—and how to make it work for you. Download it now.

Which approach is better: income-focused or total return investing? Many investors believe they should live off the income their portfolio generates—and never touch the principal. It feels responsible. Conservative. Safe.

But in this episode, I explain why that mindset often leads to worse outcomes.

Listen now and learn:

► Why relying only on dividends and interest can increase your risk

► How a total return strategy offers greater flexibility and sustainability

► What behavioral traps drive the income-only approach

► Research-backed reasons to shift your retirement spending strategy

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Get an inside look at what’s shaping my thinking. Bi-weekly, I share the top 5 investing and financial planning articles I’m reading—straight to your inbox. Sign up for my newsletter.

Private equity and private credit are booming—but should they have a place in your portfolio?

Vanguard’s Fran Kinniry joins Peter Lazaroff to break down the real opportunities, the hidden risks, and the essential considerations for investing in private markets.

Listen now and learn:

► Why companies are staying private longer—and how that changes public markets

► What investors need to understand about the illiquidity premium

► Why access and manager selection are critical to private investment success

► How private equity and private credit could (or could not) fit into your retirement strategy

Fran also shares his perspective on whether private assets might someday appear in 401(k) target-date funds—and what that could mean for the future of investing.

Show notes and links available at thelongterminvestor.com.

(00:00) Introduction to Smart Investing

(02:03) The Value of Private Investments

(04:30) Understanding Illiquidity Premium

(06:29) The Importance of Manager Selection

(09:39) Risks of Democratizing Private Equity

(11:39) The Rise of Private Credit

(14:18) Portfolio Construction Challenges

(16:18) Current Income vs. Diversification

(18:07) Allocating to Private Markets

(20:34) Accessing Private Investments

(22:11) Questions for Advisors

(24:03) The Future of Private Assets in Retirement Accounts

(28:45) Incremental Benefits of Private Assets

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Where is your money really going? Most people are surprised when they track it. Use my Cash Flow worksheet to see exactly where your money is going—and how to make it work for you. Download it now.

When markets drop, many investors wonder if it’s time to take action—and “buying the dip” sounds like a smart move. But is it really? In this episode, I break down when buying the dip makes sense, who should consider it, and the math behind why downturns can offer some of the best opportunities for long-term investors.

Listen now and learn:

► How often market declines actually occur—and why they’re totally normal

► A powerful equation that reframes expected returns based on recovery time

► Specific strategies for buying the dip during both accumulation and retirement phases

► The biggest mistakes investors make when trying to time the market

Whether you’re saving for retirement or already living off your portfolio, this episode will help you understand how to take advantage of volatility—without abandoning your plan.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Get an inside look at what’s shaping my thinking. Bi-weekly, I share the top 5 investing and financial planning articles I’m reading—straight to your inbox. Sign up for my newsletter.

Retirement planning isn’t just about numbers—it’s about lifestyle, relationships, and finding purpose. In this episode, I sit down with Christine Benz, Morningstar’s Director of Personal Finance and the author of How to Retire, to explore the often-overlooked aspects of retirement beyond just saving and investing.

We discuss how retirees can prepare for the social and psychological shifts that come with leaving the workforce, why spending in retirement can be just as challenging as saving, and the biggest disagreements among experts when it comes to managing your money in later years.

Listen now and learn:

► Why the transition from saving to spending is so psychologically difficult

► The importance of relationships and social networks in retirement

► The most debated strategies for generating retirement income

► How to prepare for the cognitive challenges that come with aging

Tune in for an insightful conversation that will help you build a retirement plan that’s both financially sound and personally fulfilling.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(02:43) Introduction: Christine’s New Book & Why She Wrote It

(04:57) Under-Discussed Factors in a Happy Retirement

(08:19) Overcoming the Fear of Spending in Retirement

(11:03) The Role of Relationships & Social Networks

(13:47) Biggest Disagreements Among Retirement Experts

(17:37) Should You Work Longer or Retire Early?

(23:14) Christine’s Bucket Approach to Portfolio Withdrawals

(28:56) What Was Missing from the Book?

(32:16) The Future of Retirement Planning

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

If you want to see what you may be overlooking, I’ve created a simple tool to help. In just 15 questions, my Financial Assessment will highlight key opportunities and gaps in your plan. You can take it now at www.smartmoneyquiz.com.

Want stock market returns without the risk? Options-based strategies promise just that—but do they deliver? In this episode, Peter breaks down how these products work, what the research says, and whether there’s a better way to reduce risk in your investment portfolio.

Listen now and learn:

► What most investors misunderstand about buffered and defined outcome funds

► Surprising data from real-world funds–and what it means for your portfolio

► Why paying for protection doesn’t always protect you

► A simpler (and often smarter) way to reduce equity risk.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Want to see what you may be overlooking in your finances? Discover your biggest opportunities in just 15 questions with my Financial Assessment.

Markets are unpredictable in the short term, but history tells us that the long-term trend is clear.

Sam Ro, author of the TKer newsletter, joins me at the New York Stock Exchange to discuss the key principles that investors should keep in mind, regardless of daily market noise.

We explore the fundamental drivers of stock market returns, the importance of earnings, and the real risks that investors should focus on.

Listen now and learn:

► Why the long-term is undefeated in investing

► The reality of market volatility and short-term drawdowns

► How earnings drive stock prices over time

► Why the biggest risks are often the ones no one is talking about

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(03:39) Understanding Market Noise and Long-Term Investing (09:36) Embracing Market Volatility as the Cost of Long-Term Returns (13:09) Why Investors Rarely Get ‘Average’ Returns (16:15) The Key Driver of Stock Prices: Earnings (21:24) Index Turnover: How the Market Evolves Over Time (24:53) Valuations Matter, But Timing Is Tough (27:25) U.S. vs. International Stocks: A Shifting Landscape (30:42) The Stock Market and the Economy Are Not the Same (33:12) The Real Risks Are the Ones No One Sees Coming

Disclosures: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here: https://peterlazaroff.com/disclosure-info

Markets are always moving—should you? Peter can help you assess your investments, tax strategies, and long-term plan. Book a 1/1 call today.

With the S&P 500 reaching correction territory and economic data signaling a slowdown, it’s fair to ask: should investors be worried about a recession in 2025?

Listen now and learn:

► What’s really driving recent market volatility

► The difference between an economic slowdown and a recession

► Why staying invested is still your best strategy

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Disclosures: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here: https://peterlazaroff.com/disclosure-info

Markets are always moving—should you? Peter can help you assess your investments, tax strategies, and long-term plan. Book a 1/1 call with me today.

Risk is one of the most misunderstood concepts in finance, yet mastering it is crucial for long-term success. Economist, Bloomberg Opinion columnist, and author Allison Schrager joins me to break down what investors consistently get wrong about risk, how to think about the U.S. national debt, and why retirement planning needs a major shift.

Listen now and learn:

► The most common mistakes people make when assessing financial risk

► How to think about the national debt and what it means for investors

► The key to turning retirement savings into sustainable income

► Why global economic shifts could lead to more volatility for investors

(02:04) Rethinking Risk: Lessons from Hollywood, Poker, and Brothels

(06:55) The U.S. National Debt: A Growing Concern or Manageable Risk?

(12:48) Retirement, Pensions, and the Annuity Debate

(26:33) Global Trade, Tariffs, and the Shift in Economic Thinking

(30:24) The Rising Cost of Risk in a More Fragmented World

(33:08) How to Think About Risk in Your Own Finances

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Big financial decisions ahead? Whether it’s retirement, taxes, or investments, my 15-question Financial Assessment will help you assess where you stand and what to do next.

Gold prices are surging, hitting near-record highs. But is gold a smart investment, or just another speculative bet? This episode breaks down the forces driving gold's rally and whether it deserves a place in your portfolio.

Listen now and learn:

► Why central banks are driving demand for gold—and what it means for investors

► The truth about gold as a diversification tool (and why correlation isn’t everything)

► Whether gold actually protects against inflation—or if it's just a myth

► The risks of betting on gold as a hedge against currency collapse

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Want to see what you may be overlooking in your finances? Discover your biggest opportunities in just 15 questions with my Financial Assessment.

David Booth, founder of Dimensional Fund Advisors, joins me to discuss how academic research transformed investing by challenging Wall Street’s stock-picking culture. We explore why markets function as an information-processing machine, how the efficient market hypothesis reshaped portfolio management, and why most investors are better off embracing evidence-based strategies.

Listen now and learn:

► How the rise of evidence-based investing disrupted traditional stock-picking.

► The role of human ingenuity in driving long-term investment returns.

► How to separate signal from noise and focus on what really matters for your portfolio.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(02:00) From Selling Shoes to the Science of Investing

(04:08) The University of Chicago & The Birth of Evidence-Based Investing

(06:30) Wall Street’s Traditional Approach vs. The Academic Revolution

(14:00) The Hidden Order in Markets—And Why Human Ingenuity Drives Returns

(16:30) The First Index Funds & The Rise of Dimensional

(24:50) Active vs. Passive? Why That’s the Wrong Debate

(28:00) Separating Signal from Noise—How Investors Get Distracted

(29:50) Why More Investors Haven’t Adopted the Science of Investing

(33:00) David’s Advice to His Younger Self

📺 Watch the documentary Tune Out the Noisewww.youtube.com/watch?v=T98825bzcKw

Most financial mistakes happen because people don’t see the full picture. My Net Worth Worksheet helps you track everything in one place—so you stay informed. Get it now.

Checking your portfolio too often might be the biggest mistake you don’t realize you’re making. Research shows that the more frequently investors monitor their portfolios, the more likely they are to see losses—leading to emotional decisions that can hurt long-term returns. In this episode, I explore the behavioral bias known as myopic loss aversion, explain why watching the market too closely leads to worse outcomes, and share practical strategies to help you break the habit and invest smarter.

Listen now and learn:

► Why frequent portfolio monitoring leads to lower returns

► The psychology behind myopic loss aversion and how it affects decision-making

► Eye-opening stats on how often the market is actually down over different time frames

► Simple, actionable steps to stop checking your portfolio too often

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

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What’s ahead for markets in 2025?

In this episode, I’m joined by Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, to break down key economic and market trends shaping the year ahead.

Listen now and learn:

► How economic forecasts are built—and how investors should use them

► The outlook for GDP growth, inflation, and interest rates in 2025

► The impact of policy changes, including tax cuts, tariffs, and fiscal stimulus

► Why global diversification matters more than ever

► The role of AI in the economy and what it means for investors

Dr. Kelly’s insights cut through the noise and focus on what really matters for long-term investors. Don’t miss this deep dive into the forces driving markets in 2025!

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(02:15) How Economic Forecasts Are Built (05:30) The U.S. Economic Outlook for 2025 (06:45) Policy Changes That Could Shape 2025 (12:30) Why Interest Rates Are Rising (16:30) The National Debt: Should Investors Worry? (23:15) Market Concentration and the “Magnificent Seven” Stocks (26:00) Why U.S. Investors Should Diversify Globally (31:00) The Potential and Risks of AI (32:33) Final Thoughts and Where to Follow Dr. David Kelly

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

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Why do so many investors underperform the market? Legendary investor and author Charley Ellis explains why investing has become a “loser’s game” and what smart investors do instead.

Listen now and learn:

► Why active investing used to work—but no longer does

► How professional traders dominate the market, making it nearly impossible to outperform

► The biggest behavioral mistakes that cost investors money

► What individual investors can learn from institutional strategies (and what they should avoid)

Charley Ellis has spent decades advising institutional investors and writing some of the most influential books on investing, including Winning the Loser’s Game and Rethinking Investing. His insights will change the way you think about investing and help you build wealth more effectively.

🔹 Subscribe now for more expert insights on long-term investing strategies!

(02:30) Why Most Investors Lose the Investing Game

(04:45) The Evolution of Investing: Why Active Management No Longer Works

(12:30) Why Most Prices Are (Almost) Always Right–And Why That Matters

(17:50)The Smartest Investors Play a Different Game

(22:15) Why Index Investing Is the Best Bet for Long-Term Wealth

(27:30) Why Yale’s Investing Model Won’t Work For You

(31:45) The Biggest Mistakes Investors Make

(38:15) The Best Investment Strategy? The One You Stick With

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Want to see what you may be overlooking in your finances? Discover your biggest opportunities in just 15 questions with my Financial Assessment.

The U.S. stock market has been on an incredible run for over a decade, leaving many investors wondering: Why bother diversifying when the S&P 500 keeps winning?

But history tells us that no market outperforms forever. In this episode, Peter Lazaroff explores the hidden risks of relying too heavily on U.S. stocks and why global diversification still plays a crucial role in long-term investing success.

Listen now and learn:

► The historical cycles of U.S. stock dominance—and what happened when the tides turned

► Why valuation gaps between U.S. and international markets create new opportunities

► The psychological challenge of sticking to diversification when it feels like U.S. stocks can do no wrong

► How a globally diversified portfolio helps manage risk and minimize regret

🎧 Tune in now!

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The retirement you’ve worked so hard for should be more than just financially secure—it should be truly fulfilling.

In this episode, Benjamin Brandt, financial planner and host of the award-winning Retirement Starts Today podcast, reveals how to break free from limiting mindsets and create a retirement plan that prioritizes your passions, values, and connections. Whether you’re on the cusp of retirement or already enjoying it, this conversation will challenge how you think about retirement and offer a fresh perspective on what truly matters.

Listen now and learn:

How to shift from a scarcity mindset to one that maximizes joy, experiences, and memories.
Why common financial tools may unintentionally limit your potential—and how to reframe them for greater fulfillment.
Actionable tips for building meaningful connections and creating a legacy through shared experiences.
How to redefine your identity and purpose as you transition into retirement.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(00:00) Introduction

(01:45) Abundance vs. Scarcity in Retirement Planning

(04:12) The Time Machine Thought Experiment

(10:35) Rethinking Monte Carlo Analysis and Retirement Success Rates

(16:40) Creating Memories That Last Beyond Retirement

(23:21) Preparing Emotionally for Retirement

(24:55) Connect with Ben Brandt

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How much money do you really need to retire? It’s one of the most important—and personal—questions in financial planning. This episode explores two popular retirement savings benchmarks, and explains why they may or may not work for you.

But benchmarks are just the beginning. Peter dives into personalized strategies to calculate your income replacement rate and portfolio withdrawal needs, revealing the key factors that make retirement planning unique for everyone.

If you’re ready to take the guesswork out of retirement planning and learn what it takes to build a future you can feel good about, this episode is for you!

Listen now and learn:

How much you should have saved at each age
Why income replacement rates vary—and what yours might be
How to estimate your retirement portfolio needs with real-world examples
The tools Plancorp uses to help clients plan for success

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Ready to retire but uncertain about your next steps? Let’s build a retirement plan you can count on. Schedule a call with Peter now.

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In this episode, I’m sharing a great conversation I had with Adam Cmejla, CFP® on his podcast, 20/20 MONEY. We talked about something that’s changing the way people invest: direct indexing. Not familiar with direct indexing? Don’t worry, you’re not alone. We break it down in a simple way so you can see how it might work for you.

We also chatted about how strategies like tax loss harvesting can help you manage your investments more efficiently, especially if you own a business or are preparing for a major financial milestone, like selling a practice.

I’m excited to share this conversation with you in hopes you’ll be able to learn practical and approachable ways you can make more thoughtful, informed decisions with your money.

Listen now and learn: ► What “direct indexing” is and how it can help you save on taxes.

► Why tax loss harvesting is a game-changer for your financial plan.

► How investing is about much more than just returns.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(01:36) What is Direct Indexing? (06:02) Tax Loss Harvesting Explained (13:59) The Evolution of Investing (19:33) Use Cases for Business Owners (25:07) Accumulation vs. Decumulation (31:00) Risks and Misconceptions (38:06) Future of Direct Indexing

Ready to retire but uncertain about your next steps? Let’s build a retirement plan you can count on. Schedule a call with Peter now.

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Do you know what to look for when hiring a financial advisor?

Choosing a high-quality advisor can feel overwhelming, with countless titles, credentials, and compensation structures to navigate. In this episode, we discuss core items to look for, a framework to identify an advisor who aligns with your goals, and how the fees could impact your retirement plan.

Listen now and learn:

The biggest myths about financial advisors that could cost you
Why some advisors might not have your best interests at heart
Key steps to simplify the process of finding the right financial partner

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Ready to retire but uncertain about your next steps? Let’s build a retirement plan you can count on. Schedule a call with Peter now.

Sign up for the newsletter.

Is managing your finances yourself costing you more than you realize? Discover the real value a financial advisor may be able to bring to your retirement planning.

This episode explores the pros and cons of going solo in your financial journey versus partnering with a professional advisor. Using relatable analogies and real-life examples, Peter highlights how a financial advisor may be able to help you avoid costly mistakes, seize growth opportunities, and simplify your financial life. Whether you’re a do-it-yourself investor or considering professional guidance, this episode provides practical insights to help you understand if professional guidance could be a good fit for you.

Listen now and learn:

The hidden costs and risks of do-it-yourself retirement planning.
How financial advisors bring value beyond just managing investments.
Practical considerations for deciding when and why to hire an advisor.
The benefits of having a comprehensive financial plan for long-term success.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

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2024 brought its share of twists and turns for markets, leaving valuable lessons in its wake.

In this episode, I sit down with Michael Batnick, Managing Partner at Ritholtz Wealth Management, to reflect on the biggest headlines of the year and share actionable insights to help you prepare for whatever 2025 brings. Learn how to navigate uncertainty, stay grounded in your long-term plan, and position your portfolio for success.

Listen now and learn:

Why market predictions are valuable—even when they’re wrong.
The surprising role consumers played in shaping 2024’s economy.
How to navigate tech dominance, stock-picking temptations, and market uncertainty.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

TIMESTAMPS:

[00:42] Predictions: A Fun Reminder That No One Can Predict the Future

[02:09] The Evolving Role of Advisors: From Investing to Planning

[04:27] Interest Rates: How the Fed and Consumers Shaped 2024

[10:34] NVIDIA, AI, and Why Most Investors Should Avoid Stock Picking

[15:40] Bitcoin ETFs and the Crypto Adoption Story

[23:37] Diversification vs. U.S. Market Outperformance

[26:15] 2025 Interest Rates and Presidential Elections: Staying Calm Through Uncertainty

[30:07] Wrapping Up: Predictions, Lessons, and Looking Ahead to 2025

Proactive tax planning could save you thousands. If you're ready to hire an advisor, my team at Plancorp is here to help. Schedule a call today to learn more.

Avoiding tax surprises isn’t just about filing on time—it’s about planning ahead.

This episode shares six real life examples of how tax projections can potentially save you thousands on your future taxes and thoughtfully guide the bigger picture of your financial plan. Learn actionable strategies for reducing your tax liability, whether you’re managing retirement withdrawals, timing business expenses, or exploring Roth conversions.

Listen now and learn:

Why tax projections are essential for proactive financial planning.
Strategies for minimizing taxes on Social Security, RMDs, and capital gains.
How to use tax projections to optimize your financial decisions year-round.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Thinking about hiring a financial advisor? It could be a great decision—if you know how to evaluate them. Get my free worksheet to follow a proven process and avoid common mistakes.

Navigating equity compensation can be tricky, especially when the year-end tax clock is ticking.

In this episode, Ally Jane Ayers, a leading expert in the complex world of equity compensation, shares tax-smart strategies to optimize your stock options, RSUs, and equity packages. Whether you hold RSUs, ISOs, or stock options at a private company, Ally’s insights will help you tackle tricky tax issues, reduce over-concentration risks, and align your equity with your financial goals.

Listen now and learn: * Key tax considerations for equity compensation before December 31 * How to avoid costly under-withholding on RSUs. * Advanced strategies to diversify concentrated stock positions and preserve gains. * The power of 10b5-1 plans for stress-free stock selling.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(00:37) Key Tax Considerations for Year-End Stock Compensation Planning

(03:54) The Importance of Multiyear Equity Planning

(09:24) Exercising Stock Options at Private Companies

(14:10) Managing Risk with Equity Compensation

(22:27) Advanced Strategies for Managing Mixed Equity Packages

(25:38) Creative Ways to Preserve Gains and Minimize Taxes

(32:49) Leveraging 10b5-1 Plans for Stress-Free Selling

(34:56) Final Tips for Equity Compensation Holders

Want a peek behind the scenes? Get my top 5 must-read financial articles that keep me ahead on innovative planning and investment strategies—exclusive, curated, and straight to your inbox bi-weekly when you sign up for my newsletter.

Are you paying more in taxes than you need to?

As the year winds down, now’s an ideal time to make smart moves that can lower your tax bill—especially if you’re close to or in retirement.

In this episode, I share simple, practical strategies to help you keep more of your money. From making the most of tax-friendly accounts to reducing the bite of capital gains, these tips can make a real difference in your finances while keeping your long-term goals on track.

Listen now and learn:

Easy ways to lower your tax bill before the year ends
How to make sure you’re not paying more taxes on investments than necessary
The best ways to plan for your retirement income and avoid costly tax surprises
Common mistakes people make with taxes—and how to steer clear of them

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

What’s the role of bonds in your retirement portfolio in a high-yield environment?

In this episode, PIMCO’s David Braun breaks down the evolving fixed-income landscape. With 30 years of investment expertise, he shares insights on how rising yields create opportunities, why active management is essential for bonds, and what the U.S. national debt means for investors.

Listen now and learn:

The role of core bonds in retirement planning
Why active management outshines passive strategies in fixed income
Emerging trends shaping the future of fixed income investing
How rising U.S. debt levels could impact bond yields and risk profiles

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[00:30] What is the Role of Core Bonds in a Portfolio?

[04:46] Rising Yields and Resetting Expectations for Bonds

[10:00] Active vs. Passive Management in the Bond Market

[19:12] National Debt and Implications for Bond Investors

[27:26] Future Trends in Fixed Income Investing

[31:42] Addressing Misconceptions About Bond Math

[34:34] Closing Thoughts and Resources

What does it take to think clearly and stay rational in a world full of financial noise?

This episode features part two of a rare conversation with Jason Zweig, acclaimed financial journalist and author of Your Money & Your Brain. From behind-the-scenes wisdom gleaned from Warren Buffett and Charlie Munger to the psychology driving your financial decisions, Jason delivers invaluable insights that will reshape how you think about investing.

Listen now and learn:

Lessons from legendary investors and their surprising strategies
How cognitive biases and dopamine affect your financial decisions
Why creating investing rules is key to long-term success
The future of finance: from indexing to cryptocurrency

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

TIMESTAMPS:

[00:30] Jason Zweig’s Unplanned Path to Financial Journalism

[04:06] Pivotal Advice: “Don’t Get Anyone’s Blood on Your Hands”

[07:31] Learning from Industry Giants: Wisdom from Buffett, Munger, and Others

[11:10] Daniel Kahneman’s Work on Cognitive Illusions

[15:20] Neuroeconomics: A Window (and a Mirror) into Investor Behavior

[19:14] The Brain on a Hot Streak: Dopamine and Anticipation

[24:10] Laughing at Wall Street: Creating The Devil’s Financial Dictionary

[29:08] Questioning the Future of Finance

[34:13] A Lesson from the Antiques Market: Not Everything Always Holds Value

[39:05] Price Feels Like Proof: The Trap of Anchoring on Success

[41:18] What Excites Jason Zweig About the Future of Investing

Are today’s markets testing your patience, or making you question your strategies? Jason Zweig believes that timeless investment wisdom is more relevant now than ever.

In this episode, we’re recording live from the New York Stock Exchange as Zweig discusses why Benjamin Graham’s "The Intelligent Investor" remains a cornerstone of disciplined investing. Zweig shares insights on the psychological challenges investors face, the role of human nature in decision-making, and why mastering market psychology is key to achieving lasting success.

Listen now and learn:

Why core investment principles remain crucial in a fast-paced world
How to make market psychology work for, not against, you
Strategies to recognize and manage emotional biases in investing
The true meaning of being an intelligent investor

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Markets are driven by countless factors—consumer demand, innovation, interest rates, global trade, and more. Sure, policies can create a little wind in the sails for certain segments of the market, or a bit of a headwind, but presidents don’t hold the wheel.

Listen now and learn:

The limited impact of politics on stock markets
The challenges faced by the US economy
How the US stacks up in the two most important drivers of economic growth

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Are we entering a decade of low returns?

Goldman Sachs projects that S&P 500 returns will average only 3% annually over the next ten years—far below the historical norm of 13% in the last decade. While I’m not a believer in predicting the future, there are several useful elements in their research worth discussing.

In this episode, I’ll explore what’s behind this forecast and what it means for investors. Plus, how to adapt to the shifting landscape with strategies that go beyond the traditional S&P 500.

Listen now and learn:

How one goes about forecasting future returns in the first place
Historical instances where stocks underperformed cash for more than a decade
Implications and actionable considerations for a period of lower US stock returns

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

What happens if the spouse who handles all the finances suddenly isn’t there?

In this episode, Senior Wealth Manager Sara Gelsheimer of Plancorp joins us to explore why both spouses need to be involved in financial decisions. Whether due to sudden life changes or the realities of aging, having only one financial decision-maker can leave the other spouse unprepared for critical responsibilities. Sara shares practical steps and real-life examples that highlight the importance of financial involvement for both partners.

Listen now and learn:

The risks of relying on a single household financial decision-maker
Actionable steps the “non-money” spouse can take to build confidence
How couples can foster financial alignment and open communication
The benefits of choosing an advisor both spouses trust

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[00:04] The Risks of Having Only One Financial Decision-Maker

[02:24] Key Statistics on Women and Financial Literacy

[04:41] The Benefits of Both Spouses Being Financially Informed

[06:16] Real-Life Examples of Preparing Non-CFO Spouses

[11:05] Actionable Steps for the Non-CFO Spouse

[14:48] How the CFO Spouse Can Help Their Partner

[18:33] How to Choose a Financial Advisor for Both Spouses

[22:50] Resources for the Non-CFO Spouse

Do you feel like something’s missing, even with a solid financial foundation? Or wonder if there’s a better way to use your money for happiness?

In this episode, I sit down with Daniel Crosby, Ph.D., behavioral finance expert and author of The Soul of Wealth, to discuss why the traditional approach to money often leaves us wanting more—and what actually leads to lasting satisfaction. Tune in to learn how to align your financial journey with deeper values, break free from social comparison, and take practical steps toward a more meaningful, joy-filled life.

Listen now and learn:

The best way to spend money on yourself
How social comparison impacts financial decisions
Why relationships have such a powerful impact on financial well-being

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[0:30] The Inspiration Behind The Soul of Wealth

[2:10] Charitable Giving and the Path to Abundance

[05:15] Investing in Your Well-Being and Personal Development

[10:10] The Impact of Social Comparison on Financial Decisions

[17:00] Developing Better Habits for Financial Success

[23:00] The Power of Relationships in Wealth and Happiness

[27:30] The Link Between Money and Happiness

[33:20] Continual Learning and the Power of Novelty

In this episode, we sit down with Josh Brown, CEO of Ritholtz Wealth Management, to explore the major shifts shaping Wall Street and what they mean for today’s investors. From the rapid rise of private equity and alternative investments to the growing influence of passive investing, Josh breaks down the trends every investor needs to understand.

Listen now and learn:

Why private equity and alternative investments are gaining traction
The top 3 ways advisors add value beyond just picking investments
How technology is helping investors avoid emotional decisions during market corrections

Whether you’re a DIY investor or work with an advisor, this episode will give you a clear view of the forces driving today’s financial landscape—and how you can use them to your advantage.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[1:10] The Shift from Traditional Media to Blogs and Social Media

[6:10] The Growth of Passive Investing and its Impact on Wall Street

[9:05] Private Equity and Alternative Investments

[17:45] Advisors' Role in Navigating Financial Trends

[24:50] The Value of Financial Advisors and DIY Investors

[28:00] Market Corrections and Investor Behavior

[39:50] Josh Brown’s Work on Billions

The Tax Cuts and Jobs Act is set to expire in 2026, which could mean higher taxes for many. This upcoming tax law change has many asking: Should I do Roth conversion NOW to lower my taxes?

Roth conversions can save you a lot of money—but you have to weigh multiple factors in a careful way. I’ll cover sample scenarios and careful considerations in today’s episode.

Listen now and learn:

Who benefits most from Roth conversions and why
How timing and your tax bracket can make or break a Roth conversion strategy
4 real-life examples of using Roth conversions to lower taxes
Why a calculated, strategic approach to Roth conversions is essential

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In this episode, I’m joined by Marlena Lee from Dimensional Fund Advisors for a deep dive into evaluating investment fads and how to build better portfolios. We also explore the importance of global diversification and why certain investments may not belong in your long-term strategy.

Listen now and learn:

A framework for evaluating whether an investment fad deserves a place in your portfolio.
The truth about private investments and why gold or crypto might not be the hedges you think they are.
Why past performance and company size don’t always indicate future returns.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[0:40] Eugene Fama’s Contributions to Finance

[6:39] Evaluating Investment Fads

[11:10] Scarcity, Growth Stocks, and Extrapolating Returns

[14:13] The Importance of Global Diversification

[29:46] Gold and Cryptocurrencies as Investments

[36:36] Hedge Funds and Private Investments

Things can get complicated quickly in the world of personal finance. From investing and budgeting to estate planning and insurance, there are multiple ways to accomplish what you need to get done.

In today’s episode, you’ll hear an interview I did on “The Struggle Is Real” podcast. This interview dives into how to simplify investing and budgeting in a way that feels more approachable.

Listen now and learn:

What matters whenever it comes to successfully investing
My straightforward investment strategy
The most important factor in investing
How to simplify spending by reverse budgeting
How to enjoy your money as it grows

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In this episode, we tackle one of the biggest challenges investors face: making smart, strategic decisions in an unpredictable market.

Drawing inspiration from the game of chess, my guest Rubin Miller will explain how to think several steps ahead when it comes to your portfolio, outmaneuver market uncertainty, and avoid costly mistakes. We also discuss the role of “luck” in investing and how good decisions do not always lead to good outcomes.

With his chess expertise and role as Chief Investment Officer, Rubin has a knack for explaining tricky investment concepts so investors can feel confident in the decisions being made for them.

Listen now and learn:

The similarities and differences in decision making with chess and investing
Why understanding the role of skill and luck is critical for long-term investing success
How tools like options and diversification can help you manage risk and build a resilient portfolio

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[0:54] Chess, Investing, and the Art of Navigating Uncertainty

[09:17] The Role of Skill and Luck in Investing

[11:49] The Japanese Mochi Company: Focusing on What You Do Best

[17:02] Certainty vs. Uncertainty: Building a Thoughtful Portfolio

[24:02] The Challenges of Portfolio Construction

[29:04] The Role of Options in Risk Management

When a CD matures, you have several options: renewing the CD, moving the funds to a high-yield savings account, or exploring higher-risk, higher-reward investments. Each choice comes with its own set of benefits and drawbacks.

Listen now and learn:

Strategies for maximizing your earnings
Whether you should renew your CD or move to a high-yield savings account
When to move your cash to higher-risk, higher reward investments

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Wes Gray, founder of Alpha Architect, joins the show to explore the evolution from traditional stock picking to data-driven quantitative investing.

Listen now and learn:

Why even a perfect stock-picking strategy can still fail during market downturns
The power of factor investing and how it systematically enhances portfolio returns
A critical perspective on investing in emerging markets and private equity

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[0:30] From Stock Picker to Quant: Wes Gray’s Investing Journey

[8:39] The Efficient Market Hypothesis and the Reality of Active Investing

[12:29] Factor Investing Explained

[19:31] Why Value Investing Has Struggled

[29:54] The Role of Momentum in a Portfolio

[33:36] A Critical Look at Emerging Markets and Private Equity

In the realm of investing, nothing is more seductive than picking a winning stock. Unfortunately, investing in individual stocks is incredibly risky. But here’s the good news: picking winning stocks isn’t necessary.

Listen now and learn:

A history of individual stock returns
How professional investors perform
The best way to own winning stocks

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Taylor Schulte joins the show for a dive deep into the world of dividend investing. Tune in as we debunk common myths and provide a clear framework for building a successful investment portfolio.

Listen now and learn:

The drawbacks of chasing high-yield investments and how to build a balanced portfolio
How dividend-focused funds perform relative to the market
Tax implications of dividends vs stock buybacks

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[0:30] Introduction to Dividend Investing and Common Misconceptions

[4:45] Building a Portfolio: Yield Focus vs. Total Return Approach

[12:30] Performance of Dividend Strategies

[17:30] Understanding Buybacks and Tax Implications

[22:15] Retirement Income Strategies and Aligning Investments with Goals

With the S&P 500 rapidly declining over the past two weeks, what should investors be doing?

Listen now and learn:

How often the stock market falls
What triggered the most recent stock market decline
Timeless wisdom for periods of stock market losses

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

If you want to maximize your investing returns beyond what traditional methods offer, discover leading edge opportunities, or simply stay up to date on the latest investing trends, alternative investments may be for you. The pursuit of diversification is not as straightforward as it once was — and the classic 60/40 portfolio may no longer be sufficient in helping investors achieve their financial goals. Alternative assets are emerging and may start to play a more prominent role in future investor portfolios.

This episode is recorded LIVE from the 2024 Morningstar Investment Conference with Phil Huber. He's the Chief Investment Officer for a multi-billion dollar wealth management firm and author of The Allocator’s Edge: A Modern Guide to Alternative Investments and the Future of Diversification.

Listen now and learn:

Why traditional asset allocation strategies may face challenges going forward
How private credit has emerged as one of the fastest growing alternative asset classes
The benefits of interval funds relative to traditional drawdown funds

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[02:23] The Case for Alternative Investments

[06:15] Understanding and Implementing Alternatives

[09:37] Educating Clients on Alternatives

[14:21] Exploring Private Equity

[16:45] The Rise of Private Credit

[23:52] Interval Funds: A Modern Solution

[32:14] Crafting an Alternative Investment Strategy

[36:09] Effective Communication and Benchmarking

In this episode, we're dissecting a strategy that many believe is a must-do for every investor: Tax-Loss Harvesting (TLH). But what if I told you that this widely recommended tactic might not be beneficial for everyone?

Listen now and learn:

The three components necessary to derive value from tax loss harvesting
Reasonable expectations of value from tax loss harvesting
Actions you can take to maximize the potential benefits of tax loss harvesting

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

If you’ve ever felt anxious or overwhelmed by market volatility, don't miss this episode. I’m joined by Darius Foroux, a newsletter writer to 100,000 subscribers and author of the brand new book The Stoic Path to Wealth. His steady approach helps investors navigate the chaos of modern-day markets with discipline, emotional distance, and self-mastery.

Listen now and learn:

How a Stoic approach to investing leads to better consistency and less emotional decisions
The role education and skill-building play in achieving financial freedom
Essential stock market fundamentals and practical strategies for financial success

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[1:57] Importance of Investing and Challenges Investors Face

[06:40] Managing Emotions and Staying Consistent

[13:33] The Role of Education in Financial Success

[19:03] Understanding the Stock Market

[28:58] Balancing Life and Investing

[35:22] Practical Wisdom and Strategies for Investors

This episode dives into a topic that grabs investors’ attention every four years: the Presidential election.

The potential impact on the economy, policy, and markets often leads to increased anxiety and speculation.

Listen now and learn:

The historical impact of elections on the stock market
How markets have performed during different presidencies
A framework for thinking about investment decisions during election season

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

There are few topics as broadly misunderstood as US government spending and, as a result, many conversations regarding Social Security are off the mark. The financial well-being of Social Security is obviously important from a policy perspective, but perhaps even more important from a financial planning and personal investment perspective.

Listen now and learn:

The sustainability of Social Security
Potential policy changes to Social Security
How to account for Social Security in your financial plan

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The US national debt is a significant and often misunderstood topic: With the current debt sitting at around $34.6 trillion, many wonder if this signals an impending crisis. Peter breaks down what this figure means and explores the broader implications (many of which may surprise you).

Listen now and learn:

Differences between the deficit, the debt, and the debt ceiling
How US government finances are very different than household finances
Why inflation, not default, is the real risk of our deficit spending

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

While the US dollar currently enjoys a dominant position as the world's reserve currency, various factors could challenge its supremacy. Emerging economies, digital currencies, geopolitical shifts, and global financial reforms all pose potential threats. Understanding these dynamics is crucial for navigating the future of global finance.

Listen now and learn:

What it means to be a reserve currency
Why the US dollar is the dominant reserve currency
The probability and implications of the US dollar losing its reserve status

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Jesse Cramer, author of The Best Interest, joins the show to share his in-depth research into the astounding math behind car ownership. This episode originally aired in 2023 and was a top interview of the year. Although this is a replay, the content shared is just as relevant today and important to consider for the impact big purchases can have on your finances.

Listen now and learn:

How to evaluate the impact of time owned vs miles driven
When purchasing a used car is smarter than buying a new car
How leasing compares to owning from a cost perspective

To see the original show notes, YouTube interview, and resources visit this page: EP 116: The Astounding Math Behind Car Ownership with Jesse Cramer.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

TIMESTAMPS

(4:08) The Primary Costs of Car Ownership

(11:08) Buy a New Car vs Buying a Used Car

(17:48) The Difference in Cost of Owning a Gas vs Electric Vehicle

(19:08) Evaluating a Car’s Utility

(28:08) Buying a Car vs Leasing a Car

(32:08) When to Repair a Car vs Buy a Car

The problem with conventional wisdom is that it represents the masses, but there's a whole host of things that conventional wisdom gets wrong. By default, that feeds into what investors get wrong. This episode with Ashby Daniels originally aired in 2023 and was a top interview of the year. Although this is a replay, the content shared is just as relevant today and important to consider for your investing strategy and how you think about risk.

Listen now and learn:

What investors get wrong
A new way to think about risk
How to define investment success

To see the original show notes, YouTube interview, and resources visit this page: EP 104: Challenging Conventional Wisdom with Ashby Daniels.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

TIMESTAMPS

(3:32) Blaming the Market Instead of Yourself

(10:03) Defining Risk

(16:49) How to Define Investment Success

(21:33) No Need to Be Smart. Just Don’t Be Stupid

(30:48) Investing Like an Optimist

(35:57) The Value of a Financial Advisor

Michael Kitces is one of the industry’s leading experts on all things financial advice and financial planning. In this live episode recorded at Wealth Management EDGE, Michael explains the evolution of financial advice and how AI might impact the profession going forward. This episode originally aired in 2023 and was a top interview of the year. Although this is a replay, the content shared is just as relevant today and important to consider for the evolution of financial advice.

Listen now and learn:

The evolution of financial advice from the 1960s to present
Ways consumers benefit from financial advisors moving up the value chain
How AI might impact the financial advice profession

To see the original show notes, YouTube interview, and resources visit this page: EP 102: AI and the Evolution of Financial Advice with Michael Kitces [LIVE]

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

TIMESTAMPS:

(3:33) The Evolution of Financial Advice

(12:33) The Lack of Barriers to Entry for Giving Financial Advice

(18:33) The Impact of AI on the Financial Advice Profession

In this episode, I’m joined by Carl Richards, a Certified Financial Planner (CFP®) and creator of the Sketch Guy column, appearing weekly in The New York Times since 2010. This episode originally aired in 2023 and was a top interview of the year. Although this is a replay, the content shared is just as relevant today and important to consider for your investing strategy.

Listen now and learn:

How investors fall victim to the behavior gap
What it means to do real financial planning
The best way to avoid “The Big Mistake”

To see the original show notes, YouTube interview, and resources visit this page: EP 100: What Real Financial Advice Means with Carl Richards.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

TIMESTAMPS:

(04:30) What is the Behavior Gap?

(07:45) Why Investors Get Distracted

(11:05) What Investors Need When Markets Are Scary

(17:30) Real Financial Planning

(24:30) Getting Ahead vs. Having Enough

(30:00) The Value of a Real Financial Advisor

Dr. Burton Malkiel, author of A Random Walk Down Wall Street, joins the show to talk about the 50th anniversary of his investment classic. This episode originally aired in 2023 and was a top interview of the year. Although this is a replay, the content shared is just as relevant today and important to consider for your investing strategy.

Listen now and learn:

The two biggest mistakes investors make
Lessons from market bubbles of the past
Practical ideas for achieving investment success

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(03:00) What Efficient Market Hypothesis Means for Investors

(19:15) Lessons Learned from The History and Bubbles

(29:00) How Interest Rates Are Impacting Stock Prices

(32:30) The Case for Diversification

(42:05) Behavioral Finance

Khe Hy of Rad Reads and The Examined Life Podcast joins to discuss the pursuit of meaningful wealth by balancing money, time, and happiness.

Listen now and learn:

Why not all hours are valued equally and the importance of aligning activities with true life purposes
How the value of money diminishes as wealth growths
The issue with retirement planning that focuses too much on trading time today for more time later

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(06:18) The Value of Time

(10:12) Diminishing Returns of Money and Marginal Utility

(14:38) Balancing Financial Independence and Time

(20:34) Questioning Financial Independence Conventional Wisdom

(31:36) The Scarcity Mindset and Non-Money Fears

How do you choose between a Roth and a Traditional 401(k)? Explore the financial implications of each option as we break down what it means for your current taxes, future gains, and overall retirement strategy.

Listen now and learn:

How to strategically choose the right 401(k) type based on your career stage and future income expectations.
Benefits of tax diversification vs tax timing.
Practical tips for making the right decisions with your retirement savings.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

This episode welcomes back Sara Gelsheimer, Senior Wealth Manager at Plancorp, to discuss the challenges and strategies for female breadwinners, balancing career and family, and the importance of integrating mental wellness into financial planning.

Listen now and learn:

The importance of becoming more involved and confident in your financial life
Practical strategies to negotiate better work-life balance.
The importance of education, asking questions, and the role of effective communication in financial planning

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

(02:04) Empowering Women in Finance

(05:54) Challenges for Female Breadwinners

(08:34) Tailored Financial Planning for Women

(09:09) Balancing Career and Family as a Working Mom

(14:37) Financial Planning Strategies for Women Leading Financially

(21:59) Integrating Mental Wellness into Financial Planning

(24:00) Emerging Financial Trends and Advice for Women

Originally aired on The Best Interest Podcast, Peter shares insights on why all-time highs are more common than one might think, the importance of maintaining a long-term perspective, and why trying to time the market is an unwise strategy.

Listen now and learn:

How often you should expect corrections and bear markets
The primary long-term driver of stock returns
The importance of understanding the conflicts of experts giving advice

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[02:25] Investing at All-Time Highs [04:47] Market Cycles and Volatility [11:20] The Limits of Market Timing [17:52] The Cyclical Nature of Stocks [24:19] The Connection Between Stocks and Earnings

Taylor Schulte and Benjamin Brandt join the show to talk about the Retirement Podcast Network and share valuable perspectives on various retirement-related topics.

Listen now and learn:

How to leverage the Retirement Podcast Network to enhance your retirement readiness
The major pain points retirees and those planning for retirement face
Diverse ideas on how to approach advanced retirement planning strategies

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

02:34 Origin of the Retirement Podcast Network

07:09 Retirement Planning Beyond Investing

10:18 Retirement Income Strategies

14:10 Strategic Roth Conversions Are Great, But Not Everything

17:36 Long-Term Care Planning

20:58 Future Content Hubs at Retirement Podcast Network

In this episode, we delve into the complexities of the S&P 500's index concentration, spotlighting the unprecedented impact of the 'Magnificent 7' on market dynamics and investor strategies.

Listen now and learn:

The historical context and current state of S&P 500 market concentration.
Diversification strategies for mitigating investment risks associated with the 'Magnificent 7'
How the performance of equal-weighted vs. market-cap-weighted indices offers insight on today’s market health and investment opportunities.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In this episode, Peter shares his interview from Investipal’s Podcast about all things portfolio construction and investment management.

Listen now and learn:

How Peter thinks about designing portfolios
When to think about deviating from an index strategy
Novel ways to remove bias from a portfolio decision

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Episode Timestamps:

(02:59) Portfolio Construction Philosophy

(12:16) Quantitative vs. Fundamental Approach

(30:45) Reducing Emotional Biases

When it comes to the disciplined approach of portfolio rebalancing, investors often find themselves in a conundrum, particularly with the necessity of realizing capital gains. This episode explores the tradeoff between maintaining a strategic, long-term asset allocation versus a higher tax bill.

Listen now and learn:

Why many investors might soon need to realize some capital gains
The importance of rebalancing and maintaining your target asset allocation
Strategies to mitigate the tax impact of portfolio rebalancing

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Manisha Thakor, author of MoneyZen: The Secret to Finding Your “Enough,” joins the show to share practical steps to embrace a life of “enough.”

Listen now and learn:

Strategies to resist societal pressures that equate success with perpetual accumulation.
Ways to recognize when you have enough and how this realization can transform your approach to life and money.
7 steps for implementing a Joy-Based Spending program to maximize your happiness.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[02:51] Understanding Money Zen

[05:21] How People End Up in the Cult of Never Enough

[18:20] Science of Hustle and Work-Life Balance

[23:30] How to Implement Joy-Based Spending

In this episode, we delve into the heart of Nvidia’s recent surge and why it's not the missed opportunity it might seem.

Listen now and learn:

Nvidia’s role in the AI and tech boom
Strategies to overcome feeling like you "missed an investment opportunity"
Why you do not need to chase "hot stocks" to be a successful investor

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In this episode, we’re joined by Christine Benz, Director of Personal Finance at Morningstar, who shares fascinating insights from her latest co-authored paper: "The State of Retirement Income 2023."

Listen now and learn:

Motivations for safe withdrawal rate research
Nuances of the 4% withdrawal rule
Implications of today’s environment for retirement spending strategies

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

02:28 Motivation Behind the Research

03:54 The 4% Withdrawal Rule: An Overview and Its Shortcomings

07:15 Variables Impacting the Ideal Withdrawal Rate

12:45 The Impact and Value of Early Financial Gifts

17:16 The Advantage of Dynamic Spending Strategies

21:07 Upcoming Book: "How to Retire – 20 Lessons for a Happy, Successful, and Wealthy Retirement"

You need money for everything, but money isn’t everything. That’s why there are a number of non- financial reasons you ought to embrace financial planning.

Listen now and learn:

How blueprinting your life goes beyond a budget
How financial planning can strengthen your bond with loved ones
How a financial plan turns time from a fleeting resource into a strategic asset

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The conversation continues with Derek Jess, Senior Wealth Manager and Shareholder at Plancorp, who returns to delve deeper into executive compensation planning strategies.

Listen now and learn:

Key strategies for deferred compensation plans
Advanced strategies for exercising stock options
The important nuances of establishing a 10b5-1 plan

Be sure to also check out last week’s episode with Derek about Equity Compensation Strategies: Everything You Need to Know.

[02:00] Advanced Deferred Compensation Planning Strategies

[11:35] Advanced Strategies for Exercising Stock Options

[16:20] Understanding AMT Planning for Incentive Stock Options

[21:25] The Importance of Setting a 10b5-1 Plan

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Derek Jess, Senior Wealth Manager and Shareholder at Plancorp, shares his vast knowledge of integrating equity and executive compensation into comprehensive financial planning strategies.

Listen now and learn:

The essential considerations and tax implications for incorporating equity compensation into your financial plan
Unique risks faced by employees with large company stock positions
A systematic approach to managing company stock

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[2:17] Understanding Deferred Compensation

[3:43] Equity Compensation and Vesting Schedules

[6:01] Restricted Stock vs. Stock Options

[9:21] Tax Implications of Stock Options

[14:05] Employee Stock Purchase Plans

[17:36] Concentrated Stock Positions and Risks

[21:05] Integrating Company Stock in Financial Planning

[33:06] A Systematic Approach to Managing Company Stock

Peter provides a data-driven analysis of what investing in stocks at an all-time high means for investors today.

Listen now and learn:

The significance of all-time highs in the stock market
How current dynamics fit into the natural growth cycle of the market
Insights into balancing risk and opportunities that lead to confident investment decisions

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Callie Cox, an acclaimed investment analyst, shares her expertise on navigating the complexities of the financial world in 2024. Tune in for an enlightening discussion that blends technical analysis with practical advice for both seasoned and aspiring investors.

Listen and learn:

What sparked the year-end rally and what to expect in 2024
Key insights from eToro’s Retail Investor Survey
What to expect from Big Tech in 2024

Detailed show notes and resources can be accessed at www.thelongterminvestor.com.

[1:30] Reflecting on the Fourth Quarter 2023 Rally

[9:30] Market Leadership and Trends

[15:10] The Surge in Money Market Fund Flows

[19:20] The Case For Optimism in 2024

[22:50] Insights from eToro’s Retail Investor Survey

[29:15] Potential Impact of a Bitcoin ETF

This episode explores the groundbreaking approval of spot price bitcoin ETFs by the SEC. Understand the impact of this development on investors

Listen now and learn:

How spot price bitcoin ETFs differ from previous bitcoin ETF products
The nuances of popular bitcoin investment theses
Important questions to ask prior to investing in bitcoin

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

This episode features a deep conversation with renowned author and coach Brad Stulberg, exploring the intricate dynamics of mastering change in both personal and professional spheres.

Drawing from Stulberg’s latest book, “Masters of Change: How to Excel When Everything is Changing – Including You,” they delve into the science behind change and how individuals can navigate change effectively.

Listen now and learn:

How embracing change paves the path to true stability
Way to achieve rugged flexibility
Why core values play an essential role as anchors amidst change

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

[2:14] The Science of Change

[7:20] Rugged Flexibility and The Importance of Core Values

[16:00] How a Diversified Identity Reduces Fear and Increases Resilience

[22:15] Tragic Optimism

[28:20] Reacting vs Responding to Change

In this episode, we explore setting financial goals that transcend mere numbers.

Listen now and learn:

Why most money goals aren’t aligned with holistic wealth
How to set meaningful financial goals
Ways to align your spending with those goals

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

This is the sixth episode of the Investing By Age series.

The episode originally aired in July of 2022 in a six-part series. Although this is a replay, the content shared is just as relevant today and important to consider for your finances.

As you retire and transition from saving to spending, there are several unique planning opportunities and challenges that arise.

Listen now and learn:

How to simplify your investments
Strategies for minimizing your total lifetime tax bill
Different ways to navigate healthcare costs

To listen to the entire 6-part series this episode aired with, visit www.TheLongTermInvestor.com and listen to:

EP.56: Investing in Your 20s
EP.57: Investing in Your 30s
EP.58: Investing in Your 40s
EP.59: Investing in Your 50s
EP.60: Investing in Your 60s
EP.61: Investing in Retirement

You’ll also find all the show notes, free resources, and links mentioned in this episode.

This is the fifth episode of the Investing By Age series.

The episode originally aired in July of 2022 in a six-part series. Although this is a replay, the content shared is just as relevant today and important to consider for your finances.

In your 60s, retirement is approaching quickly. The decisions you make in the few years leading up to retirement and the first few years of retirement are potentially the most impactful financial decisions of your lifetime.

Listen now and learn:

How to prepare for market downturns before retirement
A simple strategy for projecting future expenses
Where to download a comprehensive retirement readiness checklist

To listen to the entire 6-part series this episode aired with, visit www.TheLongTermInvestor.com and listen to:

EP.56: Investing in Your 20s
EP.57: Investing in Your 30s
EP.58: Investing in Your 40s
EP.59: Investing in Your 50s
EP.60: Investing in Your 60s
EP.61: Investing in Retirement

You’ll also find all the show notes, free resources, and links mentioned in this episode.

This is the fourth episode of the Investing By Age series.

The episode originally aired in July of 2022 in a six-part series. Although this is a replay, the content shared is just as relevant today and important to consider for your finances.

Your 50s are the time you have the highest earnings and ability to save, so it’s time to make the most of it.

Listen now and learn:

How to take advantage of your peak earning years
Ways to eliminate unnecessary investment risks
Why you may need to update your retirement goals
Two important reasons to rethink your asset allocation in your 50’s

To listen to the entire 6-part series this episode aired with, visit www.TheLongTermInvestor.com and listen to:

EP.56: Investing in Your 20s
EP.57: Investing in Your 30s
EP.58: Investing in Your 40s
EP.59: Investing in Your 50s
EP.60: Investing in Your 60s
EP.61: Investing in Retirement

You’ll also find all the show notes, free resources, and links mentioned in this episode.

This is the third episode of the Investing By Age series.

The episode originally aired in July of 2022 in a six-part series. Although this is a replay, the content shared is just as relevant today and important to consider for your finances.

As you move into your peak earning years, it’s all about making smart decisions right now.

Listen now and learn:

How to optimize your retirement savings
Ideas for strategically investing for education costs
5 estate planning documents you need to get

To listen to the entire 6-part series this episode aired with, visit www.TheLongTermInvestor.com and listen to:

EP.56: Investing in Your 20s
EP.57: Investing in Your 30s
EP.58: Investing in Your 40s
EP.59: Investing in Your 50s
EP.60: Investing in Your 60s
EP.61: Investing in Retirement

You’ll also find all the show notes, free resources, and links mentioned in this episode.

This is the second episode of the Investing by Age series.

The episode originally aired in July of 2022 in a six-part series. Although this is a replay, the content shared is just as relevant today and important to consider for your finances.

Your 30s are the time to begin building lasting wealth to meet life’s growing demands.

Listen now and learn:

Best practices for consolidating your investments
How to prioritize paying down debt vs investing goals
The 3 essential components to protecting you against the unexpected

To listen to the entire 6-part series this episode aired with, visit www.TheLongTermInvestor.com and listen to:

EP.56: Investing in Your 20s
EP.57: Investing in Your 30s
EP.58: Investing in Your 40s
EP.59: Investing in Your 50s
EP.60: Investing in Your 60s
EP.61: Investing in Retirement

You’ll also find all the show notes, free resources, and links mentioned in this episode.

This is the first episode in the Investing by Age series.

The episode originally aired in July of 2022 in a six-part series. Although this is a replay, the content shared is just as relevant today and important to consider for your finances.

The financial decisions you make in your 20s are arguably more impactful than any other time in your life because of the time your decisions have to compound.

Listen now and learn:

Why it’s important to start investing now
The essential elements to investing in your 20s
The most important thing to avoid in your investments

To listen to the entire 6-part series this episode aired with, visit www.TheLongTermInvestor.com and listen to:

EP.56: Investing in Your 20s
EP.57: Investing in Your 30s
EP.58: Investing in Your 40s
EP.59: Investing in Your 50s
EP.60: Investing in Your 60s
EP.61: Investing in Retirement

You’ll also find all the show notes, free resources, and links mentioned in this episode.

What does it mean to be a long-term investor? In this special mash up episode, all the show’s guests from the past year weigh in.

Listen now to hear from Ben Carlson, Taylor Schulte, Burton Malkiel, Phil Huber, Rubin Miller, Dasarte Yarnway, Robin Powell, Brian King, Jeremy Schwartz, Rick Ferri, Mike Piper, Carl Richards, Ashby Daniels, Polina Pompliano, Mathieu Pellerin, John Jennings, Cait Howerton, Tyler Olson, Jesse Cramer, Meir Statman, Susan Jones, Hal Hershfield, William Bernstein, and Peter Lazaroff.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Recorded in front of a live audience for the CFA Society of Detroit’s Annual Luncheon, Morgan Housel shares key insights from his new book Same As Ever. Morgan Housel is a partner at the Collaborative Fund. His first book, The Psychology of Money, has sold over four million copies and has been translated into 53 languages. Listen now and learn:

Why people get so focused on predictions
How optimism and pessimism are needed for success
The importance of stories in a world overflowing with data

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

William Bernstein, author of The Four Pillars of Investing, joins the show to talk about the most recent edition of his highly influential work.

Listen now and learn:

What are the four pillars of investing
The history of risk and common traits of a bubble
Potentially attractive segments of the market

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Just as you'd scrutinize a potential new car's specs or a house's foundation, your investments deserve the same diligence. The Form ADV Part 2 offers a panoramic view into the inner workings of an advisory firm, from its business practices to the individuals pulling the strings behind the curtains.

Listen now and learn:

Where to find this important document
Key points to examine carefully
How to make well-informed decisions regarding financial relationships

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Hal Hershfield is a Professor of Marketing, Behavioral Decision Making, and Psychology at UCLA’s Anderson School of Management. His research, which sits at the intersection of psychology and economics, examines the ways we can improve our long-term decisions.

Listen now and learn:

How our identities change over time
Why our future self feels like a complete stranger
Ways to make good long-term decisions easier on your current self

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Dive into the world of evidence-based investing, where empirical research informs portfolio strategies. meets portfolio construction. This episode unravels the science behind applying successful investing strategies and avoiding mistakes that can hinder your financial growth.

Listen now and learn:

Foundational principles behind evidence-based investing
Insights into optimizing your portfolio for long-term
Ways to avoid the typical pitfalls of individual and professional investors

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The time for year-end tax and estate planning is now, and this year it’s particularly important to get started as certain provisions from the Tax Cuts and Jobs Act will end soon. Plancorp’s Susan Jones, JD, CFP joins the show to explain these important planning opportunities that deserve your attention before the end of the year.

Listen now and learn:

The role tax projections play in long-term financial planning
Multi-year planning opportunities for retirees, people with stock options, and business owners
Potential impact of changing tax laws on the horizon

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Live from Future Proof, the world’s largest wealth festival, Meir Statman talks about the evolution of behavioral finance and how the latest generation of behavioral finance focuses on holistic well-being.

Listen now and learn:

The three generations of behavioral finance
The difference between “errors” and “wants”
The tradeoffs between a financially optimal and behaviorally optimal portfolio

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Concentrated stock positions typically emerge through employee compensation, inheritance, or a singularly successful investment. But in all cases, a large individual stock position introduces unnecessary risk to your portfolio.

Listen now and learn:

Why investors tend to avoid diversifying concentrated stock positions
Four ways to diversify concentrated stock positions
How SMAs supercharge tax loss harvesting efforts to offset capital gains
When more advanced strategies such as exchange funds or option collars are best

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

When you plan to invest a large amount of money, you probably want to know when it’s best to invest that cash. Should you invest it all at once or dollar cost average over time?

Listen now and learn:

Historical probabilities of positive market returns
How markets perform after reaching all-time highs
Eye-opening results from a multi-decade study on market timing

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Jesse Cramer, author of The Best Interest, joins the show to share his in-depth research into the astounding math behind car ownership.

Listen now and learn:

How to evaluate the impact of time owned vs miles driven
When purchasing a used car is smarter than buying a new car
How leasing compares to owning from a cost perspective

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The Federal Reserve recently unveiled a new payments system called FedNow that would replace the United State’s antiquated system created more than 50 years ago. But like anything else, change can cause anxiety and there is a lot of false information floating around making matters worse.

Listen now and learn:

The basics of the FedNow system
How FedNow is different from digital currency
Why Fed should be viewed as a good thing for everyone

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In the second episode of a series about student loan debt, I’m joined by Tyler Olson, who provides financial advice and education for early and mid-career physicians.

Listen now and learn:

How to choose the right repayment plan
When to refinance vs consolidate loans
Differences in debt snow and debt avalanche approaches

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Cait Howerton, CFP® shares her deep expertise in student loans and provides a broad overview on strategies for paying them off.

Listen now and learn:

Challenges high-earning professionals with student loans face
Strategies for managing student debt during low and high earning years
How to manage lifestyle creep

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

John Jennings, author of The Uncertainty Solution joins the show to explain how to invest with confidence in inherently uncertain and unpredictable markets.

Listen now and learn:

How humans react to uncertainty
The difference between the economy and the stock market
The role of skill and luck in investing outcomes

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Building the perfect portfolio doesn’t matter one bit if it doesn’t align with your willingness and ability to take risk. Evaluating your own risk tolerance is difficult for individuals because of the emotions that are intertwined with investing.

Listen now and learn:

The difference between ability and willingness to take risk
Factors that drive an investor’s risk tolerance
How to choose the right asset allocation based on your risk tolerance

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

How does the choice of using index funds or core funds with an emphasis on value, size, and profitability impact your retirement savings?

Mathieu Pellerin, Senior Researcher and Vice President at Dimensional Fund Advisors, shares his recently published research on the impact of factor investing on retirement outcomes.

Listen now and learn:

How a core portfolio differs from an index portfolio
The impact of investment strategy on accumulation, decumulation, and bequest outcomes
When short-term ends and long-term begins

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The primary purpose of bonds is to reduce the overall volatility of the portfolio, but as we saw in 2022, that doesn’t mean they can’t lose money.

In fact, 2022 was the worst year for bonds in US history. And now that we’re in a new period of higher interest rates on money market funds, CDs, and short-term Treasury bills, I’ve noticed an increasing number of people wondering whether they should hold cash instead of bonds.

Listen now and learn:

How reinvestment risk impacts yield
Why investment goals drive your choice of cash vs bonds
Where diversification can help boost yield

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Jill Schlesinger, host of Jill on Money and award-winning business analyst for CBS News, joins the show to talk about her latest book: The Great Money Reset.

Listen now and learn:

What it means to do a great money reset
How great money reset experiences differ by age
Timely financial steps to build the life you really want

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The United States is an exceptional place to invest and they’ve historically delivered higher returns than international stocks.

That begs the question: Does it make sense to own international stocks? Are US stocks enough for your portfolio?

Listen now and learn:

The primary driver of recent US stock outperformance
Why factor investing in a global manner tells a different story
How International stocks perform during periods of low returns for US stocks

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Polina Pompliano is the author of HIDDEN GENIUS: The Secret Ways of Thinking That Power the World's Most Successful People. She is also the founder of The Profile, a media organization that studies successful people and companies.

Listen now and learn:

Why mental models are more important than life hacks
How to problem solve in a crisis
The difference between systems-based and outcomes-based thinking

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Retail investors are often curious about various aspects of AI, especially regarding its potential impact on the financial markets and investment opportunities. Some common questions asked by retail investors about AI include:

Listen now and learn:

Whether you’re investing in companies at the forefront of AI
Questions to ask about your existing holdings
How AI can and can’t be incorporated into portfolio construction

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The problem with conventional wisdom is that it represents the masses, but there's a whole host of things that conventional wisdom gets wrong. By default, that feeds into what investors get

Listen now and learn:

What investors get wrong
A new way to think about risk
How to define investment success

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

There isn’t a better retirement savings account than a Health Savings Account (HSA).

Listen now and learn:

How HSAs actually work
Ways to HSAs to supercharge your retirement savings
Advanced planning strategies that leverage an HSA's flexibility

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Michael Kitces is one of the industry’s leading experts on all things financial advice and financial planning. In this live episode recorded at Wealth Management EDGE, Michael explains the evolution of financial advice and how AI might impact the profession going forward. Listen now and learn:

The evolution of financial advice from the 1960s to present
Ways consumers benefit from financial advisors moving up the value chain
How AI might impact the financial advice profession

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Plancorp’s CEO, Chris Kerckhoff, joins the show for a live recording at the Wealth Management EDGE Conference.

Listen now and learn:

Why the debt ceiling was originally created
The three most likely scenarios in today’s debt ceiling standoff
How to think about investing

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In this episode, I’m joined by Carl Richards, a Certified Financial Planner (CFP®) and creator of the Sketch Guy column, appearing weekly in The New York Times since 2010. Listen now and learn:

How investors fall victim to the behavior gap
What it means to do real financial planning
The best way to avoid “The Big Mistake”

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Using index funds in your stock portfolio has historically been a wise choice, but bond indexes have some inherent disadvantages that make them a less obvious choice.

Listen now and learn:

How bond indexing differs from stock indexing
The different types of active bond management
How to choose a fund that’s right for you

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The death of a spouse is one of the most emotionally challenging times of a person's life. In this financially driven conversation, Mike Piper explains the financial steps to take for a surviving spouse.

Listen now and learn:

What married couples can do to make it easier on a surviving spouse in the future
Financial planning techniques a surviving spouse can use to maximize their wealth and minimize taxes
When it makes sense to disclaim an inheritance

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Bond funds are superior to individual bonds for four distinct reasons.

Listen now and learn:

The hidden costs in individual bonds
The easy win individual bonds miss out on
How to transition from individual bonds to bond funds

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Rick Ferri, host of the Bogleheads on Investing podcast, joins the show to talk about the three components of successful investing.

Listen now and learn:

The importance of having a clearly defined investment philosophy
The four stages of an investor’s philosophical journey
The key ingredient to keeping a great investment plan intact

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

As consumers, we’ve come to expect customization and personalization with most things these days, whether it’s our coffee order, streaming preferences, or insurance policies…So why should our investments be any different?

With direct indexing, investors can create custom portfolios based on their specific goals, values, and preferences.

Listen now and learn:

How direct indexing differs from ETFs and mutual funds
The benefits of direct indexing
Types of investors best suited for direct indexing

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

This week, financial history expert Jamie Catherwood of Investor Amnesia joins the show to share the history of innovation in investment vehicles and how it impacts investors today. Listen now and learn:

The importance of understanding financial history
Lessons from investment bubbles of the past
How investment vehicles have evolved over time

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The daily news cycle is of very little importance when it comes to long-term investing, but the failure of Silicon Valley Bank is the type of news item that catches the attention of even the most disciplined investor.

Listen now and learn:

What happened with Silicon Valley Bank
The broader health of the banking industry
Implications for future investors

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In this episode, I’m joined by Jeremy Schwartz, Global Chief Investment Officer at WisdomTree.

Prior to joining WisdomTree in 2005, Jeremy was a head research assistant for Professor Jeremy Siegel and, in 2022, became Professor Siegel’s co-author on the sixth edition of the book Stocks for the Long Run.

Listen now and learn:

Why you should want to own stocks right now
Why fundamental indexing is better than indexing
How to manage cash in the current yield environment

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Being more than a year into the current bear market, it’s natural to wonder when it will end. In this episode, Peter shares his thoughts on where we are in the market cycle and how to invest going forward.

Listen now and learn:

Typical size and duration of bear market declines and recoveries
The likelihood that the U.S. economy goes into recession
Five insights on how to invest going forward

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The SECURE 2.0 Act passed at the end of 2022 includes 100 changes to the rules governing retirement savings. In this episode, I’m joined by Plancorp’s Chief Planning Officer, Brian King, to talk through the most important opportunities resulting from the legislation.

Listen now and learn:

The impact of SECURE 2.0 on people nearing or in retirement
How new provisions make it easier for workers to balance current needs with future goals
The biggest planning opportunities from SECURE 2.0 Act

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Creating a budget and sticking to it is difficult for most people because the process is time consuming and restrictive. Traditional budgeting forces you to make every decision as if you live in a spreadsheet. But guess what? You don’t live in a spreadsheet.

Listen now and learn:

Why a reverse budget is better than traditional budgeting
3 steps to set up an automatic reverse budget
An extra tip for supercharging your savings

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Robin Powell is an award-winning journalist and campaigner for positive change in global investing, advocating better investor education, and greater transparency.

Listen now and learn:

● what evidence-based investing is all about

● The importance of developing a financial plan prior to choosing investments

● The differences in the adoption of evidence-based investing outside the U.S.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Measuring the success of your portfolio is important for several reasons, but most people don’t know how to properly measure the success of their portfolios.

Listen now and learn:

The purpose of a benchmark for your investment portfolio
The difference between Portfolio-Based Benchmarks and Goals-Based Benchmarks
Meaningful questions to ask when evaluating performance

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Upon starting his independent advisor journey in 2015, Dasarte Yarnway quickly learned that underrepresented clients and advisors alike were overlooked and underserved.

Due to the grave statistics associated with this reality, he sought out to change the landscape of the financial services industry one client and one advisor at a time.

Listen now and learn about:

Changes in financial services over the last decade
The importance of diversity in financial services and how to increase it
The most important thing an advisor can do for business owners and entrepreneurs

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Now that yields are high enough to warrant our attention, what is the right way to measure yield?

Listen now and learn:

Pros and cons of four popular yield metrics
3 reasons to avoid tactically shifting your bond allocation to cash and short-term bonds

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

I love talking shop with colleagues from around the country and wanted to give you a peek into those conversations, so this week I invited two of my favorite Chief Investment Officers, Phil Huber and Rubin Miller.

Listen now and learn:

Our thoughts on the biggest storylines of 2022
How we develop return assumptions for financial planning models
Things people misunderstand about the role of a Chief Investment Officer

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

How can two people with the same income, financial experiences, or education have very different levels of financial wellbeing? It’s simple: a sense of wellness doesn’t come from numbers alone. It’s all about the sense of security and freedom of choice each individual feels, both in the present and future.

Listen now and learn:

Four steps to improve your financial wellbeing
A simple process for setting realistic goals
The most downloaded free resource and how to use it yourself

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Dr. Burton Malkiel, author of A Random Walk Down Wall Street, joins the show to talk about the 50th anniversary of his investment classic.

Listen now and learn:

The two biggest mistakes investors make
Lessons from market bubbles of the past
Practical ideas for achieving investment success

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The start of a new year is one of the best inflection points for your finances.

There are really nice tax planning, investment, and capital allocation opportunities right now. If this year you are considering seeking professional help with your finances, this top “rewind” episode from 2022 is for you.

By the end of this episode, you’ll understand how to structure your search for an advisor, research if they are trustworthy, and complete a structured interview with anyone you are considering hiring.

Listen now to learn:

The 4 steps to identifying an ideal advisor
Questions to use when interviewing prospective advisors
Things to consider when selecting a robo-advisor rather than a human advisor

To listen to the entire 3-part series this episode aired with, visit www.TheLongTermInvestor.com and listen to:

EP.24: Do It Yourself or Hire an Advisor?
EP.26: Not All Financial Advisors Are Created Equal
EP.28: How to Interview an Advisor

You’ll also find all the show notes, free resources, and links mentioned in this episode.

Markets are down, inflation is high, and many are expecting a recession.

Are you ready?

In this “rewind” episode, I revisit a popular episode that is now more relevant than ever. By the end of this episode, I hope to help you answer an important question: “When is it time to seek professional help with your finances?”

Listen now to learn:

How to think about doing any given task vs. hiring a professional
The value of an advisor according to a prominent Vanguard study
Common mistakes investors make on their own

To listen to the entire 3-part series this episode aired with, visit www.TheLongTermInvestor.com and listen to:

EP.24: Do It Yourself or Hire an Advisor?
EP.26: Not All Financial Advisors Are Created Equal
EP.28: How to Interview an Advisor

You’ll also find all the show notes, free resources, and links mentioned in this episode.

Successful retirement savers often find themselves in a high tax bracket during retirement (pensions, social security, RMDs, etc.). One of the downsides, in addition to a higher tax bill, is getting hit with Medicare IRMAA.

Listen now and learn:

How IRMAA works
Strategies for retirees to avoid IRMAA
How to plan for IRMAA while you’re still working

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

After age 72, a Required Minimum Distribution (or RMD) must be withdrawn from your traditional IRAs and 401(k)s each year—whether you need it or not. Failing to take an RMD could result in a tax penalty worth up to 50% of the amount you should have taken.

Listen now and learn about seven strategies to minimize the RMD tax liability.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

When it comes to maximizing wealth, there is usually going to be a mathematically optimal solution, but that solution doesn’t always align with our human emotions.

Ben Carlson, co-host of Animal Spirits and author of A Wealth of Common Sense, joins me to talk about the variety of instances where spreadsheets and theory don’t align with human emotions and reality.

Listen now and learn:

Why investors fail to earn the market return
The importance of avoiding bad investments
How personal finance best practices aren’t always the optimal choice for you

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Is the 60/40 portfolio dead?

Both stock and bond markets are down this year, which has led to the traditional framework of the 60/40 portfolio being called into question across a variety of media outlets.

Listen now and learn:

5 reasons the 60/40 portfolio is not dead
The historical performance of past 60/40 portfolio declines
How the 60/40 portfolio framework is undergoing its biggest change ever

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Giving to charity is relatively straightforward, but there are many ways to maximize your gift and tax benefit with just a little planning.

In this episode, Plancorp’s Sara Gelsheimer shares her deep knowledge of charitable giving strategies.

Listen now and learn:

The difference between charitable giving and charitable planning
Important things to ask charities before giving
Strategies for maximizing the tax benefit of your charitable gifts

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

—---------------------------------------

Although the popularity of index investing has exploded in the past decade, actively managed funds still make up the majority of investor assets.

Listen now and learn:

How often active managers fail to beat the market
Why managers that do win fail to keep winning
Three key characteristics that deserve most of your attention

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

There is overwhelming evidence showing traditional active management is a losing strategy, but investors of all kinds still use it.

In this week’s episode, I’m joined by Dr. Andrew Berkin, author of The Incredible Shrinking Alpha: How to Be a Successful Investor Without Picking Winners.

Listen now and learn:

Why it’s difficult to outperform the market
Why the opportunity to outperform is shrinking
Clear strategies to help you improve your likelihood of success

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The collective knowledge of financial markets is one of the reasons it is extremely difficult for active managers to consistently outperform the market.

Listen now and learn:

Why groups are good a guessing the weight of cows and jellybeans
The reason you should assume market prices aren’t wrong
The importance of harnessing the power of markets for your own portfolio

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Bob Seawright, author of The Better Letter, joins to share insights on making behavioral finance actionable.

Listen now and learn:

How to make behavioral finance actionable
The two human biases that matter most
Why it’s important to focus on process rather than outcomes

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

One of my favorite concepts when thinking about financial markets is complex adaptive systems, a concept that may sound overwhelming but is very easy to understand when thinking about piles of sand.

Listen now and learn:

An easy way to understand complex adaptive systems
The benefit to thinking of the stock market like a sandpile
Implications for your investment strategy

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

This episode features Steve Liberatore, Nuveen’s Head of ESG/Impact for Global Fixed Income.

Listen now and learn:

The case for ESG bonds
What makes a bond ESG or sustainable
Why ESG bonds impact is more tangible than an ESG stock investment

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

You may think that a Wealth Manager and Financial Advisor are the same thing, but a closer look at the distinctions reveals some important differences.

Listen now and learn:

What it means to be a Wealth Manager
How to know if you’ve outgrown basic financial advice
The most important thing to keep in mind when looking for an advisor

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

As sustainable investing has gotten more popular, the industry and the media has largely erased the original meanings of the terms we used to rely on to help us differentiate between the different types.

Sam Adams, co-founder of Vert Asset Management and co-author of Your Essential Guide to Sustainable Investing, joins the show to explain everything you need to know.

Listen now and learn:

The different types of sustainable investing
6 methods for being an ESG investor
What returns to expect going forward

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

If you’ve made the commitment to invest in yourself by assembling a professional team around you, it’s worth taking the time to ask: are you getting the full value for the price you’re paying? And are there competencies your advisor might be missing?

Here are some questions that can make sure your financial advisor is not only someone you can fully trust but also someone who’s doing the most for you.

Listen now and learn:

6 questions to ask your advisor
The importance of getting a fiduciary commitment in writing
How an advisor’s compensation impacts their advice

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

2022 has been a challenging time for global investors. Gargi Pal Chaudhuri, Head of iShares Investment Strategy and Markets Coverage, joins to share insight on everything that’s been happening and what to look out for in the future.

Listen now and learn:

Whether or not we are in a recession
When we can expect inflation to begin cooling
Where attractive opportunities exist today

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Now that interest rates have risen, investors need to know where it’s best to look for yield.

Listen now and learn:

The market higher yields makes investing most attractive
The shortfalls of relying on dividend stocks as a bond replacement
Why a total return approach is better than focusing on just income

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Successful investing is all about minimizing mistakes. Perhaps the most common mistake among people who take a natural interest in investing is owning individual stocks.

Listen now and learn:

How many professional investors failed to outperform the market
A few mind-blowing statistics on the historical performance of individual stocks
How taxes should be considered when diversifying out of stock positions

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Eduardo Repetto, CIO of Avantis Investors, discusses a variety of concepts related investing for higher expected returns.

Listen now and learn:

Why different securities have different expected returns
The shortfalls of style indices
A theoretical framework for value investing

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

As you retire and transition from saving to spending, there are several unique planning opportunities and challenges that arise.

Listen now and learn:

How to simplify your investments
Strategies for minimizing your total lifetime tax bill
Different ways to navigate healthcare costs

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In your 60s, retirement is approaching quickly. The decisions you make in the few years leading up to retirement and the first few years in retirement are potentially the most impactful financial decisions of your lifetime.

Listen now and learn:

How to prepare for market downturns before retirement
A simple strategy for projecting future expenses
Where to download a comprehensive retirement readiness checklist

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Your 50s are the time you have the highest earnings and ability to save, so it’s time to make the most of it.

Listen now and learn:

How to take advantage of your peak earning years
Ways to eliminate unnecessary investment risks

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

This is the third episode of the Investing By Age series.

As you move into your peak earning years, it’s all about making smart decisions right now.

Listen now and learn:

How to optimize your retirement savings
Ideas for strategically investing for education costs
5 estate planning documents you need to get

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

This is the second episode of the Investing by Age series.

Your 30s are the time to begin building lasting wealth to meet life’s growing demands.

Listen now and learn:

Best practices for consolidating your investments
How to prioritize paying down debt vs investing goals
The 3 essential components to protecting you against the unexpected

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

This is the first episode in the Investing by Age series.

The financial decisions you make in your 20s are arguably more impactful than any other time in your life because of the time your decisions have to compound.

Listen now and learn:

Why it’s important to start investing now
The essential elements to investing in your 20s
The most important thing to avoid in your investments

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Why does the stock market go up? Author and finance commentator, Brian Feroldi, joins the show to answer the most common questions everyday people have about the stock market.

Listen now and learn:

How investors determine what a business is worth
What makes stock prices bounce around every day
Why stocks tend to go up over the long-term

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

How much do you need to retire?

People are living longer. Healthcare costs are rising. And we have no idea what Social Security will look like in the future. So it’s no surprise that even the best savers have uncertainty around whether they are doing enough.

Listen now and learn:

How to measure your current savings progress based on your age and income
An easy calculation to estimate how big your portfolio needs to be to retire
The process Peter and his team use to answer this important question

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Nicole Boyson has been a professor at Northeastern University since 2004 where she teaches and conducts research in areas such as investments and corporate finance. She joins us today to discuss her research on fiduciaries and brokers, particularly on financial advisors and potential conflicts of interest.

Listen now and learn:

Common conflicts of interest in the investment space
The evolution of various conflicts, including where we are today
A simple method for determining if a financial advisor is dually registered

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Peter addresses a listener’s question about making 529 withdrawals while the stock market is down.

Listen now and learn:

The best way to invest your 529 savings
How to manage 529 withdrawals during a market downturn
How Peter manages his own 529 plan for his two kids

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In this episode, I’m joined by Dr. Preston Cherry, Head of Financial Planning and Assistant Professor of Finance at University of Wisconsin Green Bay. He is also the president of Financial Therapy Association and host of the Life Money Balance podcast.

Listen now and learn:

The importance of setting expectations in advance of investing
The difference between investment planning and investment management
Thing 2.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Reading is one of life’s greatest hacks.

Nonfiction offers you the ability to learn about any topic from the best and brightest minds in the world. Fiction provides hours upon hours of entertainment for less than the cost of a monthly subscription to Netflix.

Unfortunately, most people don't read much, but here are six easy ways to increase the number of books you read.

Listen now and learn:

Why building habits is more effective than trying to reach a specific goal
6 easy ways to build your reading habit
The single biggest hack for reading more

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Mary Child’s is the cohost and correspondent for NPR’s Planet Money, but this episode focuses on her new book covering iconic bond fund manager, Bill Gross.

Listen now and learn:

Why bond trading was invented
How Pimco came to dominate bond markets
What’s most interesting about the bond environment today

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The S&P 500 is flirting with bear market territory (defined as a 20% decline from the high) as investors grapple with several variables including multi-decade high inflation, aggressive monetary policy tightening, and persistent global supply chain issues.

Listen now and learn:

Why losses are normal on the way to higher expected returns
A helpful discussion around how long Bear market "bounce backs" typically take
How the rising interest rates could actually improve your overall returns

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Dr. Daniel Crosby, a psychologist and behavioral finance expert joins the show to talk about the things we get wrong and how to get them right.

Listen now and learn:

What most people misunderstand about investing
The 3 things required to change financial behavior
How your environment can dramatically alter the decisions you make

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Keeping documents orderly and well-secured has long been an important part of financial management, and it’s worth investing a little time to get your financial life in order if it’s far from it right now.

Much of what it takes to implement better recordkeeping comes down to finding the appropriate balance between access and security.

Listen now and learn:

A straightforward set of rules for what to keep and for how long,
How to securely store physical and digital records
The best way to safely dispose of documents you no longer need

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In these uncertain times, the basics matter more than ever. Joe Saul-Sehy and his co-author Emily Guy Birken take the basics and make them fun in their new book Stacked: Your Super-Serious Guide to Modern Money Management.

Listen now and learn:

Joe’s unique framework for setting goals
The difference between budgeting and tracking expenses
The reason it’s important to ask yourself “what if?” with your finances

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

A widely watched aspect of the yield curve has been making headlines recently. I want to help you better understand what everyone is talking about and how it impacts your investments.

Listen now and learn:

What the yield curve is and what it means when the yield curve inverts
The relationship between yield curve inversions and recessions
How to think about your portfolio given the current environment

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

This episode features Nick Maggiulli, author of the new book Just Keep Buying and popular blog Of Dollars and Data.

Listen now and learn:

How to determine if saving or investing is more important
How (and when) to invest your cash
A unique way to frame the opportunity that exists in down markets

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In this episode, Peter answers listener questions about 401(k) accounts.

Listen now and learn:

How to choose between a Roth and Traditional 401(k)
Best practices for choosing mutual funds in your 401(k)
When is the right time to make withdrawals from your 401(k) in retirement

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

There is no such thing as a perfect portfolio. There is only the portfolio that you can stick with for as long as possible. In this episode, Vanguard’s Liz Anne Muirhead and Natalie Marvi-Romeo explain three evidence-based strategies for your portfolio: Index Investing, Factor Investing, and ESG Investing.

Listen now and learn:

The case for each of these different investment strategies
What potential shortfalls each strategy presents
How to choose the strategy that’s right for you.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Knowing that you are going to experience market losses can help you mentally prepare and make better decisions.

In this episode, I explain how performing a safety net analysis can give you an additional layer of emotional comfort during a market downturn.

Listen now and learn:

The 4 steps to performing a safety net analysis
Best practices for putting the analysis into practice
How long you can withstand a downturn given your current situation

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Finances are an important piece of wellbeing, but holistic wellbeing also considers your physical, emotional, and spiritual health as well.

Joy Lere, a licensed clinical psychologist and co-founder of Shaping Wealth, joins the show to discuss these issues.

Listen now and learn:

The importance of holistic wellbeing
The emotional burden of retirement
The importance of self-care

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Roger Whitney, host of Retirement Answer Man, shares his perspectives on helping individuals transition into retirement.

Listen now and learn:

How retirement differs from past generations
Ways that planning beyond traditional financial models can improve retirement outcomes
The importance of having agency in your the life and retirement

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Last week the S&P 500 entered correction territory, which is defined as a 10% drop from the previous market peak.

Listen now and learn:

What recent losses mean from a historical perspective
Why Russia and Ukraine play a smaller role in the losses than you think
What’s actually driving market losses and where we go from here

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

A conversation with Josh Bannerman, co-host of the mega hit podcast Stacking Benjamins. Although he chooses to be anonymous on his show, he is known for speaking freely about financial planning and investing.

Listen now and learn:

The story of how Stacking Benjamins became the success it is today
How people get in trouble when making long-term decisions
Why time is the great equalizer with investing

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

U.S. inflation accelerated to 7.5% over the last 12 months. You don’t need to be an economist to realize that this headline number is a big deal for Wall Street and Main Street.

But as someone who works on Wall Street and lives on Main Street, I’m here to tell you why I’m not particularly worried about the recent uptick in inflation.

Listen now and learn:

The components driving inflation metrics higher
XX reasons you can feel optimistic about inflation
A framework for thinking about inflation with your investments

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Investors are seeing losses in their bond portfolio. Given how low interest rates are today, mistakes in your bond portfolio are more costly than ever.

PIMCO’s David Braun helps us understand what’s going on in the bond market.

Listen now and learn:

What’s going on in the bond market today
The outlook for interest rates and inflation
Why indexing in bonds is different than indexing in stocks

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The stock market has fallen from it’s high. Even though these types of drawdowns are completely normal, some people SHOULD be more concerned, especially if any of the reasons discussed in this episode are true.

Listen now and learn:

The history of market losses
4 reasons someone should worry about recent volatility
Details of a free book giveaway

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Brian Portnoy is the founder of Shaping Wealth, a learning technology platform transforming the human experience of money. Brian has written multiple bestselling books on the psychology of money: How I Invest My Money (2020), The Geometry of Wealth (2018) and The Investor’s Paradox (2014).

Listen now and learn:

The difference between being rich and wealthy
How we fail in funding a meaningful life
Ways to bring balance to your money life

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Peter answers questions he received while presenting to major U.S. corporations.

Listen now and learn:

How to invest for inflation
The ideal amount of crypto in your portfolio
What’s a reasonable amount to pay in fund expenses and advisor fees

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Christine Benz is Morningstar's director of personal finance and author of 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances. She has twice been named to Barron’s list of 100 Most Influential Women in U.S. Finance.

Listen now and learn:

The most important thing to do for your finances in 2022
How to find the best return on your investment
What to look for when reviewing your portfolio

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Peter answers your questions in his latest mailbag episode.

Listen now and learn:

What do to about an upcoming market downturn
The implications of investing at all-time highs
How to hedge inflation in your portfolio

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

This is the third and final episode in a series on hiring an advisor.

While first two episodes focused on the basic differences among financial professionals, this episode will focus on the process of hiring the right person for you.

Listen now and learn:

The 4 steps to identifying an ideal advisor
Questions to use when interviewing prospective advisors
Things to consider when selecting a robo-advisor rather than a human advisor

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Tadas Viskanta is the Founder and Editor of Abnormal Returns which highlights the best financial and investment content every day.

There is far more information available than any one person can digest, and yet somehow Tadas does it.

Listen now and learn:

How to be a better consumer of financial information
Problems that consuming forecasting content can cause
Why it’s important for advisors to create content

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

While having a good advisor is one of the best decisions you can make, choosing the wrong advisor can do more harm than good.

If you are going to hire a professional, the biggest investment you can make is in the time you put into selecting the right person.

This starts by understanding some of the major differences between professionals in the industry.

Listen now and learn about:

Scenarios in which financial advisors may not be acting in your best interest
The best designations to look for in a financial advisor
Differences in advisor compensation that impact the advice you receive

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Peter is joined by Caleb Silver, Editor in Chief of Investopedia and host of The Investopedia Express podcast.

As one of the leading financial journalists today, Caleb shares his unique perspective on market and consumer trends.

Listen now and learn about:

The role Investopedia plays in educating individual investors
How the Investopedia Anxiety Index acts as a leading indicator of market panic
Unique tools to help you learn and improve investing outcomes

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Should you manage your money or hire a professional to help?

In the first of a three-part series on hiring an advisor, you will learn:

How to think about doing any given task versus hiring a professional
The value of an advisor according to a prominent Vanguard study
Common mistakes investors make on their own

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Peter interviews Gerard O’Reilly, Co-Chief Investment Officer and Chief Investment Officer of Dimensional Fund Advisors, which manages $653 billion for clients across the globe.

Listen now and learn:

Gerard’s perspective on current market valuations, interest rates, and inflation
A behind-the-scenes look at Dimensional’s approach to research and implementation decisions
What to expect for the future of the investing universe

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

With so many different investments, how should you choose what to include in your portfolio?

Listen now and learn:

The tradeoffs between implementing a bad idea and missing out on a good one
A framework for determining whether higher performance is the result of chance
A process for making choices about adding a new position to your portfolio

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Phil Huber is a wealth management practitioner and an investment-industry thought leader. As a CFA and CFP®, Phil is uniquely qualified to help investors design, implement, and stick with evidence-based portfolios built to hit long-term financial goals.

Listen now and learn:

How the role of Chief Investment Officer has changed over time
Insights from Phil’s new book, The Allocator’s Edge
How Phil defines “long term” invests his own money

Peter answers your questions in his latest mailbag episode.

Listen now and learn:

How to estimate spending in retirement
At what point should you stop saving for retirement
Considerations for refinancing in 2022

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Cryptocurrency investors have been clamoring for a bitcoin ETF to make it easier for average investors to gain exposure to the crypto market without having to mine bitcoin themselves. The wait is finally over, so now the question is whether the Bitcoin ETF makes sense for you.

Listen now and learn:

How Bitcoin ETF returns will differ from changes Bitcoin prices
Problems with common investment theses for owning Bitcoin
A framework for thinking about adding Bitcoin to your portfolio

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

While people tend to focus more of their attention towards the stock portion of their portfolios, but understanding the underlying fundamentals of your bond portfolio is important too.

The biggest mistakes investors make tend to occur when yields are their lowest, so listen now to learn:

The key drivers of bond returns
How rising rates can be a good thing for long-term investors
The disadvantages of owning individual bonds instead of bond funds

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The national debt is always a hot topic, particularly when the country bumps up against the debt ceiling.

Information from the media is often incomplete or biased, so it’s hard to understand what the implications are for investors.

Listen now and learn:

How the debt ceiling works and what to expect in the future
What the growing U.S. national debt means for investors
Investment implications for the long-term investor

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Lifestyle creep happens when your spending rises with your income and you adjust to a more expensive way of living. Once you get used to a certain lifestyle, cutting back can be very hard to do.

Listen now and learn about:

How this sneaky financial phenomenon can derail your financial progress
A system that directs dollars to the things that matter to you most and keep us on track for reaching our end goals
Resources to help stomp out lifestyle creep

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Democrats on the House Ways and Means Committee released their tax proposals on September 13, with the legislation covering a wide range of tax issues.

Brian King, Chief Planning Officer at Plancorp, joins Peter on this episode to sort out the wide range of tax issues in the legislation and potentially planning opportunities to consider.

Listen now and learn:

The most important aspects of the tax proposal
Planning opportunities to consider both this year and in the future
Year end tax planning tips that are relevant to all people regardless of the legislation

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In 2020, the global stock market had 155.7 million trades per day worth $554.6 billion dollars.

The market prices you see at any given moment reflect the buying and selling by millions of market participants incorporating all known information about a company. Collectively, these market participants are highly educated and highly motivated. As a result, there is a lot of information that is quickly incorporated into prices.

Listen now and learn:

Why market prices fluctuate
How financial markets are like piles of sand
The biggest mistake people make when thinking about making a change to their portfolio

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

A growing number of investors are interested in Environmental, Social and Governance investing, known as ESG. That term is becoming more common, but ESG still means different things to different people.

While some investors are drawn to the socially responsible side of ESG investing, others approach ESG factors as a way to evaluate risks and opportunities and create more sustainable portfolios.

Because there are a lot of approaches that you can choose from, each with very different objectives, Peter shares his view of this rapidly growing investment space.

Listen now and learn:

6 methods for incorporating ESG strategies in your portfolio
How to define your ESG motives to align with your strategy
Why ESG funds don’t belong in 401(k) plans

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Peter answers listener questions is this Mailbag Episode

Listen now and learn:

Why housing is consumption and not an asset
How to think about the ideal investment mix for retirement
How to prioritize paying down student debt vs investing

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

One of the trickier decisions of saving for retirement is determining which accounts to prioritize with your savings.

Is it most important to max out a 401(k) before an IRA? At what point should you use a taxable account for retirement savings? How does debt play into these decisions?

This is one of those truly personal finance moments because everyone has different circumstances.

Listen now and learn:

The ideal order for prioritizing your retirement savings
How to utilize the most underrated retirement account
A framework for including savings goals beyond retirement

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

As the stock market continues to reach new highs, it’s tempting to think about the possibility of buying and selling at just the right moment.

Here’s a dirty little secret that most of the investment industry doesn’t want you to know: Time is more important than timing in investment success.

Listen now and learn:

The impact of investing at the absolute worst times
The difference in returns earned from different timing strategies
The secret to timing the market

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

If there is a universal investment ideal, it’s that every investor wants to buy low and sell high. Rebalancing does just that.

In today’s episode, I’m going to explain rebalancing at a high level with some simple examples, point out some practical to challenges rebalancing, and then talk about the best way to rebalance your portfolio.

Listen now and learn:

The basics of rebalancing
Practical challenges, costs, and considerations
The pro’s and con’s of different different rebalancing strategies

As an added bonus, Peter shares how to get free access to exclusive research on the topic.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Inflation has been dominating the headlines for a few months now. With the risk of higher inflation on the way, one might wonder how to invest in such a scenario. After all, growing your hard-earned savings at a rate greater than inflation is the primary reason to be an investor.

Listen now and learn:

What is inflation and how it impacts you
The best investments for inflationary periods
When a bad outcome is and isn’t the result of a poor decision

Plus, Peter answers a listener's question about bond investing in a low-yield environment.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

We often feel regret when we can clearly envision the alternative paths we didn’t take and decide those paths would have been better than the one we ultimately chose.

It’s particularly easy to see the alternatives after the fact when you are an investor. Winning investments always find their way to the center of attention of financial media, social media, and social interactions.

Investing is also highly quantifiable, which can lead us to believe there’s always an objectively optimal decision out there. Knowing that there’s an optimal choice as well as the opportunity for things to go wrong leads many investors to put a lot of pressure on themselves.

In this episode, Peter explains where regret comes from, why we experience it with our portfolio, and what to do about it.

Listen now and learn:

• Strategies to minimize regret in advance

• Common situations where feeling of regret are most likely to impact our investment decisions

• When a bad outcome is and isn’t the result of a poor decision

Plus, Peter answers a listener question about whether the stock market is in a bubble.

Visit TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

When major financial decisions come only once or twice in a lifetime, it’s important to get to them right.

This is the focal point of the third and final installment of a three part series covering Making Money Simple: The Complete Guide To Getting Your Financial House in Order and Keeping It That Way Forever.

Listen in and learn how Peter addresses these big decisions.

Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.

Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever

In the second installment of a three part series, Peter walks through the investing chapters of Making Money Simple: The Complete Guide To Getting Your Financial House in Order and Keeping It That Way Forever.

The prior episode focuses on creating a system for financial success by making intentional, systematic choices with your money. With a good savings system in place, we can now turn our focus to investing.

Successful investing allows you to maximize the impact of the good savings habits by offering a higher compound rate of return.

But how do you earn those higher compound rates of return?

Listen now and let Peter tell you how.

Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.

Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever

One of the trickiest things about personal finance is the sheer number of choices. It doesn’t matter the details of your specific situation – we all face countless decisions and each option comes with a lot of underlying complexity.

So many people struggle to understand where to start and what to do with their money. That’s why Peter wrote Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever.

In the first episode of a three part series, Peter highlights his favorite passages and outlines the important concepts of Chapters 1-4.

In this episode, you’ll learn how to build a bulletproof savings system for growing your wealth.

Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.

Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever

Financial advisors love spreadsheets, but we don’t live in a spreadsheet. The mathematically superior advice isn’t always the best for you. In this episode, Peter explores some of the areas where this concept is most prevalent.

Listen in and learn how to:

Build a budget that actually works
Choose between investing and paying down debt
Select an investment strategy that is best suited for your personality
Invest via dollar cost averaging or lump sum in different scenarios

Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.

How does an award-winning Chief Investment Officer invest his own assets? In this episode, Peter shares how he handles his own assets, liabilities, and spending habits.

Listen in and learn:

The story of Peter’s first money lesson
The metrics Peter uses most often to measure his progress
The investments and asset allocations for each of his personal accounts
The system Peter uses to manage his cash and liabilities

Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.

What does it mean to be a long term investor? In this episode, Peter shares his definition of being a long-term investor and how it shapes the framework for making investment decisions.

Listen in and learn:

Whether 3, 5, 10, or 20 years qualifies as “long term”
Why your time horizon is longer than you think
The most potent combination for wealth creation
The importance of being an optimist

Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.