Investor Coaching Show – Paul Winkler, Inc

The news is full of headlines that sound like expert advice for concerned investors, but the reality is that most of the news is about people trying to predict the future. Today, Evan discusses two powerful ideas that can lead you away from market timing and toward a portfolio that can withstand market fluctuations: market efficiency and the humility to acknowledge that no one can predict the future. Usually, being an educated and confident investor means tuning out the news and sticking to your plan.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Did you know that you can now give up to $19,000 as a gift each year without needing to file a form on your tax return? Today, Evan covers some basic information about how you can help set your children and grandchildren up for financial success through gifting. Listen along as Evan covers the different kinds of accounts available and the lifetime gifting amount updates available to people in 2026.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

“The Investor Coaching Show” is here to help you relax about money by teaching you the fundamentals of money and investing and helping you avoid common investment traps. Today, Evan jumps into a conversation about financial literacy in light of April being National Financial Literacy Month. Few people are really given a proper financial education growing up, but financial literacy doesn't mean knowing every financial term out there. Listen along as Evan breaks down some basic concepts we use to help investors stay on track and relax about money.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Anytime a well-known pundit or financial personality encourages you to pay to join an investing club for inside information, you should walk away. Today, Paul shares some recent financial advice from Jim Cramer, how often he has flip-flopped, and how the research has proven that people would be better off doing the exact opposite of what he has recommended. This isn't just specific to Jim, but it is the reality of a whole industry full of pundits pretending to be your financial planner.     Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Today, Paul shares some of the most common concerns that investors are bringing to the office right now and why it's helpful to talk to an advisor about what you're seeing before you assume that it works with your financial plan. Listen along as Paul shares insights about the SpaceX IPO, a popular ETF with questionable returns, and Trump's announcement regarding a timeline for the war in Iran, and helps you see some of the risks that aren't being discussed in the news.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Today, Paul focuses on the vast majority of American investors who are blindly trusting the industry and are now overweighted in one of the year's most poorly performing market segments. Listen along as Paul explains why overweighting in large U.S. companies has been an industry favorite for years, even though investment firms know this practice leaves investors vulnerable to numerous risks. Paul also explains how focusing your attention on the most well-known and profitable companies can actually weaken your portfolio. Later in the show, Paul shares how Blue Owl investors wake up and pull over $5 billion from the company's private equity funds.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul started his financial career the way most people do: learning about financial products from insurance companies and brokerages, then trying to sell those products to investors for a commission. Listen along as the Investor Coach shares some inside industry information to help you understand that the whole industry is designed to appeal to your fear, greed, or loyalty to sell you solutions to problems that the industry has invented. Paul explains how to spot these sales tactics and what you need to become a more confident investor.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Unfortunately, it is not difficult to get into the investment industry as a financial planner with no experience and very little education. However, each firm aggressively markets itself as the most qualified and most sophisticated fiduciary to help you manage your wealth and meet your goals. Today, a listener asks Paul: In an environment like this, how can you know that an investment firm is really right for you? Listen along as Paul explains that looking at an advisor's planning process and education experience tells you everything you need to know to avoid making the wrong choice.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Investors who responded to the war in Iraq are now faced with a dilemma: Is it time to get back in the market? Are the U.S. and Iraq in talks that could move markets up, or is this just the beginning of a long slump in equity markets? Today, Paul explains why market timing is impossible to master. Listen along to hear why confident investors don't rely on headlines and luck, but on a strategy that helps them reach their financial goals in the long term. Later in the episode, Paul explains why getting into a product with low liquidity creates fundamental problems for maintaining a healthy portfolio.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

It's very common for financial professionals to convince investors that stocks are too risky and bonds won't perform well enough to provide an income from your portfolio. Their solution almost always involves selling you confusing, high-commission annuity products. Listen along as Paul shares why annuities are a very bad replacement for bonds and why the people who don't understand why they own bonds are the most likely to fall for this trap.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Only a few things are truly considered investments. There's a good chance that you've heard of investment options recommended from an advisor or family or friends that don't meet the criteria to be called an investment. Today, Paul walks through some of the most popular options people turn to when they want to invest and explains how confident investors can distinguish between investments and financial products.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul and Jim tackle the overconfidence that many investors have in large U.S. stocks and explain why owning the S&P 500 alone doesn't lead to confident investing, but to sequence of returns risk, lack of diversification, and worry over the health of U.S. companies and markets. Listen along as these two advisors share why you need to move from a product approach to a process approach to your investing. Later in the episode, Jim covers some new information the industry has about the strategies scammers are starting to use to get you doing what they want.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Texas throws out a Biden-era fiduciary rule giving insurance companies more license to sell bad products to people who don't fully understand them. Today, Paul and Jim talk about how the industry uses the term “fiduciary” to build trust, but can just as easily push you toward products that are in the agent's best interest as well. Listen along to hear why fiduciary rules don't fix the industry, but why removing them gives big insurance companies a lot of confidence to be misleading.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul answers a few popular questions directly from listeners of the show. Listen along as Paul responds to an investor who wants to know if the common strategy of using your age to determine your bond allocation is a reliable way to keep your portfolio healthy through retirement. Later in the episode, a listener wants to know how you monitor and manage the hidden trading costs inside a portfolio. Paul answers his question and explains how the industry uses “low-cost” to sell funds and where expenses rank among the criteria he considers in a fund.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Today, Paul answers a few popular questions directly from listeners of the show. Listen along as Paul starts with a burning question for most investors: How will the war in the Middle East affect markets and investors saving for retirement? Later in the show, Paul addresses a listener's question about whether he has changed his position on owning precious metals, such as silver, given their widespread use in technology.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Everyone wants to fly in an airplane that has been carefully designed and constructed. The design of the airplane determines its performance. Today, Evan explains that the same principles apply to the design of an investment portfolio and can be the difference between reaching your destination and having to bail out in an emergency landing.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Today, Evan talks about the investor dilemma. A common problem is that investors try to feel more comfortable by predicting the future and buying funds with good track records. As tempting as this may be for investors, it leads to emotional investing decisions and taking uncompensated risks. Listen along as Evan explains all these concepts and shares how to get out of this fear cycle and on the path to confident investing.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Adults over 60 are much more likely to be the victim of a scam than of a violent crime or robbery at their home. Today, Evan shares an article highlighting the tactics used by scammers who are successfully stealing billions of dollars from people over the age of 60. Later in the episode, Evan discusses whether FINRA should be merged with the SEC and whether Wall Street's primary regulatory authority can properly keep brokerage firms in check while remaining independent.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Today, Evan jumps straight into the headlines and shares how the war in Iran is doing two things most people expected: pushing stock prices down and oil prices up. But how are these changes affecting investors? Listen along as Evan covers this and discusses why the market hasn't dropped enough to be considered a major dip, and whether the change in oil prices will cause a major disruption to your investments.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

How much should you have in an emergency fund? And why? How do you make a personal budget that works for you? Is life insurance important? When am I ready to buy a house? Today, Paul and Evan cover these questions and more to help anyone who wants to know where they stand become more confident about money and investing.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul shares some headlines that make it seem like the world is out of control and going to get worse. With these inflammatory headlines, Paul describes two psychological realities that can keep you from getting sucked into the fog of fear. Listen along as Paul reminds you that good news takes a while to hear and that people often remember the past as rosier than it actually was. Paul explains how you can move from worrying about the headlines to truly relaxing about money.   Later in the episode, Paul talks about the rise and decline of plant-based meat companies, and an investor he remembers being all in on these companies. Paul segues into how any investor can get sucked into venture capital and the idea of being on the front lines of new businesses.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Evan shares a few rules about Trump Accounts that have come out recently. Paul segues to an interview where the Robinhood CEO is pressed about an obviously dangerous investment that the SEC is shutting down. His response was, “People should be free to do what they want.” Paul pushes back hard to remind investors that this product is hurting investors and would be the equivalent of a drug dealer making the same comment about a drug that is killing the people who take it.    Later in the episode, Paul talks about the importance of teaching your kids about money and investing because the wealth you built through discipline can disappear if your heirs don't understand how to manage it.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Over the last week, we've heard many stories and predictions that remind us of events that have happened in the Middle East in recent history. When the news gets this big, even the most disciplined investors are tempted to respond to current events and make an emotional investing decision. Today, Paul and Evan read an article arguing that a real democratic revolution in Iran seems impossible until it happens. Listen along as these two advisors share why making investment decisions based on current events is a trap and how confident investors are humble enough to live with uncertainty, avoid market timing, and emerge on the other side.   Later in the episode, Evan discusses his research on the worst wars of the last 100 years and the market growth that occurred during those years, asking, “What happened to the people who went to cash knowing that war was coming?” Evan and Paul want you to know that people who are trying to get you out of the market right now don't understand how wars affect companies.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul brings Jim Wood on the show to discuss the current climate and why it leaves investors vulnerable to people taking advantage of them. In a world where threats of war, a 24-hour financial news cycle, and an industry full of market timers dominate, investors are in danger of getting pushed into their emotions and then making changes that make the market makers money. Paul tells investors they don't need an investing club to get ahead; they need a Nobel Prize-winning method that helps them reach their goals. Later in the episode, Paul talks about an important conversation you can have with your spouse to help you both feel more confident about your finances.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul and Jim share a somewhat funny take in MarketWatch from an investor who is all over the place, but actually represents many people who are still trying to beat markets and be “good” at investing. Listen along as these two investors talk about how markets go up during recessions and why being a good investor isn't about looking at all the news and trying to get your money in the right place at the right time. Later in the episode, Jim shares four signs to watch out for to avoid getting scammed out of a lot of money. Always remember, “If it sounds like it's too good to be true, it probably is.”   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul and Jim discuss the news in Iran and its unfolding developments. Listen along as these two advisors cover why uncertainty, war, and changing prices aren't necessarily signs of market decline. How should your portfolio perform during a decline? Paul and Jim answer these questions and try to give you a bigger picture and possible positive outcomes that the media will never talk about. Paul and Jim talk about a veteran who wants to give their child a chance at a better financial future and wants to know if a Roth IRA is a good option. The advisors discuss the benefits of a Roth IRA and what they would walk through as an advisor before recommending a Roth IRA, 529 plan, or a non-qualified account. Later in the show, Paul and Jim discuss Trump Accounts and whether or not you should take advantage of the free $1,000 for new family members.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

It has been a big week for headlines with the joint attacks in Iran, leaving many investors questioning how this might affect markets and gas prices in the short term. News this significant makes investors ask, “What am I supposed to do?” Paul and Jim give their honest take on the current events in Iran and discuss some misconceptions about wartime and markets. Listen along as Paul teaches how war has historically affected markets and why war and downturns aren't actually as dangerous to your retirement as market timing and reacting to the news.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Evan talks about how McDonald's discovered that most of their milkshakes were sold before 10 a.m., which sparked a heavily sold product that keeps many businesses running: the frozen coffee beverage. Listen along as Paul and Evan discuss how flexible and dynamic businesses can be and why trying to pick the winners out of the crowd has proved to be a bad tactic for investors. Later in the episode, Paul and Evan talk about private equity and why the industry seems to only focus on the upside: because it makes the industry a lot of money. Evan encourages investors to exchange the word “private” with “unregulated” and consider whether you want to put your money in unregulated equities.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Bitcoin drops 40%, but proponents try to claim that volatility is decreasing. Paul and Evan discuss the fundamental issue with trading a commodity that lacks a practical application in the world and competes with one of the most stable forces globally: the U.S. dollar. Listen along as these two advisors share a CNBC interview that's working hard to spin some sort of upside to this investment. Later in the episode, Paul talks about how investments get priced and how this affects Bitcoin's limited supply.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Most diversified portfolios are not just even amounts of U.S. and international holdings. It's more nuanced than that. Over the last few months, we've seen pundits who for years have encouraged investors to only own large U.S. companies but are now pushing international stocks because they have been outperforming the U.S. for a while. Paul and Evan remind you that confident investors don't rely on past performance and news cycles to make investing decisions. Later in the episode, Paul talks about an investor who called the office this week to ask about a specific financial product.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul chatted with a curious young investor this week who was eager to share what he was investing in and ask for some constructive feedback. Listen along as Paul and Evan talk about showing investors the funds that have overlapping stocks and don't offer more diversification. Paul and Evan share how this young investor was trying to follow the fundamentals of investing, but some of the most popular products in the industry aren't designed to follow them. Later in the episode, Paul and Evan discuss markets and the economic effects of tariffs following this week's Supreme Court ruling on the Trump tariffs.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Many fund companies love to tout the strength of their technical analysis. They claim to have market experts poring over company books to see what should be in your portfolio and what should be out. Today, Paul shares a clip of a technical analyst really showing their lack of basic investment knowledge. Paul encourages you not to tie up your retirement with people who claim to be experts at market timing but ignore the basic rules of investing. Later in the episode, Paul discusses how younger people are being taught to view investing as entertainment, as predatory companies target the most active investors, encourage people to engage in “predictive markets” (aka gambling), and turn earnings reports into NFL-like post-game interviews.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Imagine your house falling apart before your mortgage is even up. Unfortunately, this could become a reality for many homeowners. Homes are being built faster, bigger, and with lower-quality materials than they were 50 years ago. Today, Paul shares the devastating consequences when builders cut corners using materials and methods that aren't built to last and homeowners don't do their due diligence. Later in the episode, Paul does the work for you and looks through the disclosures Yrefy hides at the end of their TV ad. The disclosures clearly state that the investments are high-risk and untradeable, and liquidity is not guaranteed — even though the ad says otherwise. Paul warns, “Read the fine print yourself.” You won't regret it.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

This week, we're walking through some investing myths. It's super easy for people to get pulled into these myths because they appeal to our instincts and our emotions. Our instincts tell us to go toward pleasure and away from pain. Listen along as Paul walks you through some of the stickiest traps in the industry and shares guiding principles that should inform your investment decisions.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

This week, we're walking through some investing myths. It's super easy for people to get pulled into these myths because they appeal to our instincts and our emotions. Our instincts tell us to go toward pleasure and go away from pain. Listen along as Paul walks you through some of the stickiest traps in the industry and shares guiding principles that should inform your investment decisions.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Today, Evan shares research about what keeps people from saving for retirement. The list was long and included daily expenses, paying off debt, and caring for aging parents or children. The same research also concluded that people were starting major milestones later, but still felt confident about their retirement income. Listen along as Paul and Evan talk about how to know if you're on track and how to overcome some of the practical and mental barriers to reaching your goals.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Today, Paul shares an interview with the Edward Jones head of investment strategy, where she's pressed about the lackluster performance of the area of the market most of their investors are in: large U.S. companies. She finally admits that they are still “feeling good” about the U.S. economy, but now might be a good time to consider diversifying in smaller companies and international companies. Paul and Evan are pretty shocked that a Harvard Business School graduate, who helps millions of investors, would so blatantly tell investors to buy based on past performance and then call it diversification.     Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Today, Paul and Evan answer a listener's questions about Trump Accounts and how the investments get managed. Listen along as the two advisors cover the restrictions on investments, the low contribution limits, and the tax implications of using one of these accounts to invest for minors. Then they pivot to a question about a possible rule change to the order in which you can make retirement and catch-up contributions. After the break, Paul discusses how adding private equity investments to your portfolio puts your future in the hands of companies that don't have to provide basic reports about the health of their business.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Today, Paul and Evan talk about the catastrophic drop in Bitcoin's value and why Bitcoin traders keep digging their heels in, hoping for a brighter future. Listen along as these two advisors share how personal bias and financial news spin keep this risky digital commodity that few people understand alive through hectic bouts of demands and sell-offs. Later in the episode, Paul discusses a refinancing company called Yrefy that is paying media personalities to push a product that sounds nice, but the numbers don't add up. Paul cautions that if it sounds too good to be true, it is.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

This week, Paul has been methodically taking you through the basic principles of building a portfolio that will help you reach your goals. We've looked at how cash, bonds, and stocks work together to minimize risk and talked about why picking high-yield bonds and individual stocks opens you up to non-systematic risk (aka risk you wouldn't get compensated for). Today, Paul discusses the final step in building a portfolio: letting your time horizon be the determining factor in where you allocate the money in your investments.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

When we discuss investing in the stock market, most people think of investing in individual stocks. Paul shares that the returns with this approach are problematic. Listen along as Paul and Arlene talk about a different approach called asset class investing and explain the difference between picking individual stocks and investing in commingled investment vehicles.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

A diversified portfolio contains a mixture of cash, bonds, and stock investments. Not knowing how these assets work together leads to some of the most common and harmful investing traps. Today, Paul invites Arlene Brown onto the show to explain how cash holdings, bonds, and stocks can work together to limit your risk of short-term market fluctuations and long-term inflation. Listen along as these advisors go into detail about the strengths and pitfalls of having investments in each category.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

A diversified portfolio contains a mixture of cash, bonds, and stock investments. Not knowing how these assets work together leads to some of the most common and harmful investing traps. Today, Paul invites Arlene Brown onto the show to explain how cash holdings, bonds, and stocks can work together to limit your risk of short-term market fluctuations and long-term inflation. Listen along as these advisors go into detail about the strengths and pitfalls of having investments in each category.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul shares a clip this morning that shows just how low the standard is for what financial media views as “credible” investing information. Listen along to hear an interview with Cathie Wood, CEO of Ark Invest, where she discusses the mistakes she learned from in 2025, which cost investors millions, and tries to get airtime to spin the 35% drop in Bitcoin as a victory in this market. Then, Paul addresses a listener who works a very physically demanding job and is in a tricky position, where long-term disability insurance is very expensive, and it's possible that they won't remain employed until retirement age. Paul shares some options for supplementing your income if you are not yet at the normal Social Security age.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

When most people buy a car, they take on a substantial car payment. But how long does the high of having a nice new ride really last? Today, Paul discusses why government intervention in making cars easier to buy has historically led to chaotic markets and other economic issues. Listen along as Paul explains why it's difficult to really meaningfully change your level of happiness through things like new car purchases and how you can start to chart a course forward where the things in your life support your sense of purpose, instead of you spending your time and money working off things that don't bring you joy. Later in the episode, Paul addresses a listener who is curious about when you should start building up assets in a non-qualified account instead of a pre-tax account.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Today, Paul brings in a WSJ article that provides a list of potential events this year that could weaken the dollar against other world currencies. Paul wants confident investors to remember that you shouldn't change your plan based on what may or may not happen in the future. Then, Paul explains why a weaker dollar isn't always a bad thing for the U.S. economy, and why investors who follow the industry are more likely to be hurt by a weakening dollar. Later in the episode, would it be helpful for people to tap their 401(k) for a down payment on a home? Paul covers an article about a Trump administration plan to borrow from yourself to buy a house, and discusses the unseen risks of removing money that is making compound interest for something you need now.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

When Paul first started this show, indexing and target-date funds were not very popular at all, as the world experienced a decade where large U.S. companies struggled to generate any returns for investors. Fast forward another decade, and indexing and target date funds are now all the rage as investors believe that “indexing” is synonymous with great returns, low fees, and wealth in retirement. Indexing may sound like diversification, but Paul explains what really happens when millions of investors choose this path for their portfolios. Later in the episode, Paul shares where fund companies make the biggest mistakes with indexing and provides a blueprint for capturing market returns that won't leave you overweight in a few companies.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul runs into an annuity salesperson on Facebook who reveals that he made $300,000 in income in his first month and wasn't remotely interested in helping people, but in showing off his skills to his peers. So, where does caring for clients fit into most of these sales? Paul shares the four steps people use to sell these products that you can look out for, and why it's just not possible to trust high-commission products salespeople to look out for you when their companies are pushing them to produce sales.   Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Evan talks about a celebration of life service he attended earlier in the day and reflects on how you never know how long life will be and how having a strong sense of purpose changes your perspective about money. Listen along as these two advisors describe why investing just to be good at investing and have a lot of wealth is what sucks you into get-rich-quick schemes and marketing trends.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul and Evan get into a conversation about a common question for homeowners: Is it a better investment to put extra money in my house or in my portfolio? Paul talks about why you shouldn't view your home as an investment unless you plan on selling it and moving into a tent. Listen along as these two advisors explain the importance of paying off or improving your home without viewing it as an investing decision. Later in the episode, Paul discusses how Trump is cracking down on corporate ownership of residential housing.     Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

We often discuss being a confident investor on the show, but confidence is only helpful if it's combined with a disciplined, evidence-based approach rather than behaviors such as market timing or individual stock selection. Today, Paul shares an ad for Jim Cramer's investing club that he saw on CNBC, where a client claims she is confident and finally “in control” of her investments. The ad reveals that Jim teaches people to “win at investing” through market timing and stock picking. Paul and Evan explain why you shouldn't follow someone who offers club memberships and provides stock-picking advice. Later in the episode, Paul and Evan answer a listener's question about the number of publicly traded companies in the stock market and how a diversified portfolio can be constructed. Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.   This material is for general educational purposes only and is not personalized investment, financial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All financial decisions involve risk, and you should consult qualified professionals before acting on this information. Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.