Podcasts about dalbar

In this episode of Talking Real Money, Don McDonald and Tom Cock discuss practical strategies for navigating recessions without panic or unnecessary market timing. They critique the constant, fear-driven speculation around economic downturns and emphasize maintaining a disciplined, long-term approach. Highlighting actual investor behavior from Dalbar studies, they explain why market timing almost always results in poorer returns. Tom humorously criticizes aggressive pickup truck drivers and touches on avoiding common recession-investing mistakes, advocating instead for careful asset allocation, understanding emotional risk tolerance, and maintaining a sensible emergency fund. Listener questions prompt discussions on treasury ladders versus bond funds, the impact of expense ratios, and effective short-term cash management. 0:10 Surviving and thriving during recessions 0:26 Probability of recession discussions 1:04 Don criticizes recession scare tactics 1:46 Humorous digression about pickup trucks 2:49 Audience wants solutions, not problems 3:48 Avoiding common recession investing mistakes 4:39 Wall Street Journal example of market timing errors 5:29 Importance of emergency cash for retirees 6:04 Risk versus loss in investing 6:28 Understanding emotional risk tolerance 8:01 Critique of Wall Street's short-term focus 8:36 Long-term investing approach regardless of recession 9:01 Dalbar study reveals poor market-timing results 10:51 Long-term Dalbar investor returns vs. market returns 13:09 Humorous tangent on global population 13:44 Listener questions segment begins 14:33 Discussing asset allocation and bond fund concerns 16:18 Bond ladder vs. bond fund debate 17:20 Examining long-term bond fund returns 18:09 Benefits and drawbacks of bond funds 19:28 Comparing money market fund options (DTAXX) 21:06 Expense ratios significantly impact returns Learn more about your ad choices. Visit megaphone.fm/adchoices

— Полный гайд по всем программам гражданства/ВНЖ за инвестиции от Astons: https://cutt.ly/craQoC7a?erid=2W5zFGfBKhS — ТГ-канал Astons с полезной информацией по налогам, гражданствам и ВНЖ: https://t.me/+_eWwLy7Wlp8wOWJk?erid=2W5zFGfBKhS Реклама. ИП Косовский Александр Сергеевич, ИНН 503011821946. Erid: 2W5zFGfBKhS — Подпишись на Telegram-канал RationalAnswer — https://t.me/RationalAnswer — Подпишись на email-рассылку RationalAnswer — https://rationalanswer.substack.com/ Бонусные посты от RationalAnswer: — Борьба с прокрастинацией здорового человека (про интервью Тима Урбана) — https://t.me/RationalAnswer/1261 — Стыдное исследование Dalbar про рукожопых инвесторов — https://t.me/RationalAnswer/1262 — Разбираем статистику по американскому рынку недвижимости в серии постов — https://t.me/RationalShitposting/27 — Research на тему того, как постоянные внутрисемейные браки в европейских монархических династиях — https://t.me/RationalShitposting/34 Дополнительные материалы к выпуску: — Статья Вастрика про AI-оптимизатор немецких налогов — https://vas3k.blog/notes/taxhacker/ — Ведомости про дело Русагро — https://www.vedomosti.ru/business/articles/2025/03/28/1100799-kak-biznesmen-burov-svyazan-s-ugolovnim-delom-protiv-rusagro — Ари про «заниженную инфляцию в России» — https://rationalanswer.club/post/1125/ — Groks с ликбезом про инфляцию — https://vc.ru/money/1886857-inflation — Интервью недели: Тима Урбана у Лив Боэри — https://www.youtube.com/watch?v=YAf6DLiPNj0 Текстовая версия выпуска со ссылками: https://habr.com/ru/articles/895636/ Посмотреть выпуск на https://www.youtube.com/watch?v=mJAeutNVryA Поддержи проект RationalAnswer и попади в титры: — Patreon (в валюте) – https://www.patreon.com/RationalAnswer — Boosty (в рублях) – https://boosty.to/RationalAnswer СОДЕРЖАНИЕ: 03:45 - Другие новости ИИ 06:27 - Российский рынок: Дело Русагро 09:05 - Новости соцсетей: VK отнимает идею у Дурова (опять) 12:42 - Бешеный принтер и борьба с мошенничеством 15:22 - Натурализация на Кипре 18:33 - Бешеный принтер и поднятие рождаемости 19:45 - Зловещая Долина гражданского правосудия 21:15 - Чё там в США у Трампа 23:33 - Илон Маск купил Твиттер у самого себя 29:29 - Новости бизнеса: Китайцы жмут Маска по электромобилям 31:45 - Крипта: Каждый хочет свой стейблкоин 34:08 - Фото недели: Протесты в Турции в стиле комиксов 35:09 - Лонгриды недели: Инфляция и инфляция 36:34 - Интервью недели: Тим Урбан и его ЧЕРЕПАХА Винстон 38:54 - Хорошая новость недели 39:51 - Бонусные посты недели

According to @Vanguard's "Advisor's Alpha" study, a good financial advisor can add about 3% in net returns *per year* through behavioral coaching, asset allocation, rebalancing, and tax planning. In this video, Peter with Richon Planning and Erin Kennedy discuss, in detail, the reasons behind that performance gap. DIY investors often underperform the market because they tend to react emotionally to market movement versus sticking to a risk appropriate financial plan. For more information, please read this study by @DALBAR titled Investor Behavior Continues to Hinder Returns. hyperlink https://www.dalbar.com/Portals/dalbar/Cache/News/PressReleases/QAIB2024_PR.pdf A good financial advisor should provide concrete value to clients, beyond just portfolio returns. If you'd like to have a no obligation chat with Peter to determine if you could benefit from having a personalized financial plan, give him a call at (919) 300-5886 or visit www.RichonPlanning.com

This episode addresses the 8-step plan for a successful retirement plan that was recently shared by Dave Ramsey's “sidekick,” George Kamel. Just like in any field of life, a good financial plan benefits from assessing where you are, where you want to be by a given date, and what needs to be done to get there. David dislikes the approach of painting everything with a broad brush and characterizing niche financial planning principles in broad, one-size-fits-all financial planning terms. That's what, in his opinion, many so-called “financial gurus” like Dave Rasmey tend to do. David mentions his upcoming book, The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back On Track. George Kamel has found that 8 out of 10 millionaires have reached their millionaire status by investing in their company's 401k plan.  David shares his philosophy: “If you're in a 24% bracket or lower, opt for the Roth 401k. If you're in the 32% bracket or higher, stick with the traditional 401k.” David contradicts Kamel and explains that the reason you invest in a Roth IRA is because you think that your tax bracket in retirement is likely to be higher than it is today. For David, when it comes to millionaires who have paid off their homes, it's important to distinguish between causation and correlation. A problem with Kamel's view on Social Security is that Social Security is likely to never go away. What may happen, says David, is that the retirement age will be changed. Kamel and David are in agreement: investing is a marathon, not a sprint – and it isn't for the faint of heart. According to an April 2024 study by Dalbar, investors continue to be their own worst enemies when it comes to saving for retirement. Except for step 5, David sees George Kamel's 8-step plan as a pretty sound solution.     Mentioned in this episode: David's upcoming book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free 3-part video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com Dave Ramsey George Kamel David M. Walker Dalbar's QAIB

Paul shares the DALBAR's annual report called the Quantitative Analysis of Investor Behavior (QAIB). Paul talks about investor behavior and explains why advisers and investors following asset class investing principles but engaging in market timing and stock picks are going to have a hard time finding ways to take an income in retirement.  For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

In this first installment, Brendon is joined by Kathryn Creasy, Wealth Adviser and Principal at Capital Partners, and David Haintz, Partner at Merchant Investment Management and Principal at Global Adviser Alpha. They discuss using your investment philosophy to provide clients with confidence, along with looking at the post implementation relationship and what advisors can do to strengthen this. Kathryn Creasy LinkedIn: https://www.linkedin.com/in/kathryn-creasy/ Capital Partners Website: https://capital-partners.com.au/ David Haintz LinkedIn: https://www.linkedin.com/in/davidhaintz/ Merchant Website: https://www.merchantim.com/ Global Adviser Alpha Website: https://www.globaladviseralpha.com/ SPIVA: https://www.spglobal.com/spdji/en/research-insights/spiva/ DALBAR: https://www.dalbar.com/ Brendon Vade LinkedIn: https://www.linkedin.com/in/brendonvade/ To learn more about the Dimensional difference, visit https://ensombl.com/go/20240131 Join the Ensombl platform: App Store: http://www.ensombl.com/apple Google Play: http://www.ensombl.com/google Desktop: https://www.ensombl.com/ General Disclaimer – https://www.ensombl.com/disclaimer/

Behavioral finance emerged in the late 80s to address why people make the investment decisions they make. According to DALBAR, the S&P 500 averaged 9.5% in 2021 and the average investor only averaged a return of 3.6%. The question becomes, what happened to that extra 5.9% of gains? The role of emotion in making decisions when to buy and sell is saignificant.Today's guest is Paul Strehle, President and Senior Portfolio Manager at USA Mutual Advisors Inc. In this episode of Upthinking Finance™, Paul will share how to understand why people make decisions—and how to profit from them. You will want to hear this episode if you are interested in...How Paul got into qualitative analysis [2:54]How Paul's portfolio strategy works [11:36] Accept small losses for the long-term wins [13:17] The psychology of herd mentality [16:09] Everyone trades on their own interests [25:39] How people react to managed futures [30:46] What drives Paul to choose the “hard road” [37:00] Paul Strehle is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Resources & People MentionedA Random Walk Down Wall Street: The Time-Tested Strategy for Successful InvestingThe Man Who Solved the MarketThe Wisdom of CrowdsMarket WizardsConnect With Paul StrehleUSA MutualsConnect on LinkedInConnect with Emerson FerschCapital Investment AdvisersOn LinkedInSubscribe to Upthinking FinanceAudio Production and Show Notes by - PODCAST FAST TRACK

(4/19/23) Despite the past "rolling disasters" repeatedly hitting markets, the bullish mood persists. Could markets run out of gas? A normal, 10% correction is not out of the question. How the Government is wasting your tax dollars; the most important strategies for Retirees now; how higher interest rates are impacting retirement, both good and bad. What does retirement even look like, anymore? Locking in returns w Treasuries at higher rates. Dalbar investor behavior: 30% underperform markets by 4% or more. Movie nights w Netflix and the Blockbuster Air BNB; moving your money for higher returns; how sweep accounts work; Schwab vs Fidelity; Apple Pay and Goldman. SEG-1: Are Markets Running Out of Gas? SEG-2: How the Government Is Wasting Your Tax Dollars SEG-3: How Higher Interest Rates are Impacting Retirement, for better or for worse SEG-4: Movie Nights & Netflix; Moving Money for Higher Returns Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Advisor Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=x6hqy-0q82c&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3s -------- The latest installment of our new feature, Before the Bell | "Are Higher Prices on the Way?" is here: https://www.youtube.com/watch?v=GJNjCT6L6nE&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 -------- Here are articles mentioned in today's show: "The Cash Hoard Of 2023 (And The Sideline Money Myth)" https://realinvestmentadvice.com/the-cash-hoard-of-2023-and-the-sideline-money-myth/ ------- Our previous show is here: "There's No Such Thing as Money on the Sidelines" https://www.youtube.com/watch?v=tIyIm16dZb0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=8s -------- Register for our next Lunch & Learn: "Transitioning to Medicare" https://us06web.zoom.us/webinar/register/7516747839784/WN_yEQ0iBgwQ2WdIexCLAdpPQ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #MarketCorrection #Bullishness #GovernmentWaste #TaxDollars #Retirement #RollingRecession #InventoryManagement #RetailSales #Markets #Money #Investing

(4/19/23) Despite the past "rolling disasters" repeatedly hitting markets, the bullish mood persists. Could markets run out of gas? A normal, 10% correction is not out of the question. How the Government is wasting your tax dollars; the most important strategies for Retirees now; how higher interest rates are impacting retirement, both good and bad. What does retirement even look like, anymore? Locking in returns w Treasuries at higher rates. Dalbar investor behavior: 30% underperform markets by 4% or more. Movie nights w Netflix and the Blockbuster Air BNB; moving your money for higher returns; how sweep accounts work;  Schwab vs Fidelity; Apple Pay and Goldman. SEG-1: Are Markets Running Out of Gas? SEG-2: How the Government Is Wasting Your Tax Dollars SEG-3: How Higher Interest Rates are Impacting Retirement, for better or for worse SEG-4: Movie Nights & Netflix; Moving Money for Higher Returns Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Advisor Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=x6hqy-0q82c&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3s -------- The latest installment of our new feature, Before the Bell | "Are Higher Prices on the Way?" is here:  https://www.youtube.com/watch?v=GJNjCT6L6nE&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 --------  Here are articles mentioned in today's show: "The Cash Hoard Of 2023 (And The Sideline Money Myth)" https://realinvestmentadvice.com/the-cash-hoard-of-2023-and-the-sideline-money-myth/ ------- Our previous show is here: "There's No Such Thing as Money on the Sidelines" https://www.youtube.com/watch?v=tIyIm16dZb0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=8s -------- Register for our next Lunch & Learn: "Transitioning to Medicare" https://us06web.zoom.us/webinar/register/7516747839784/WN_yEQ0iBgwQ2WdIexCLAdpPQ ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #MarketCorrection #Bullishness #GovernmentWaste #TaxDollars #Retirement #RollingRecession #InventoryManagement #RetailSales #Markets #Money #Investing

If you're going to enjoy a comfortable retirement, you should know, among other things, how much money you'll need. And you may have a much better chance of knowing this if you get some professional help. Consider these findings from a 2021 study by Dalbar, a financial services market research firm.

Laatst vertelde ik in een uitzending over mijn privéportefeuille. Het klinkt misschien raar, maar ik heb dit jaar een mooie performance. Vanzelfsprekend meer geluk dan wijsheid. Als je overmoedig wordt en denkt de markt altijd te kunnen verslaan, dan staat Mr. Market klaar om je een lesje nederigheid te leren. Ik verbaasde me eigenlijk dat ik met deze prachtige performancecijfers kon schermen wat ik wilde. Hoe weet de interviewer nou of het waar is? Ik had alles kunnen beweren, niemand weet immers hoe mijn portefeuille eruit ziet. Dat valt me vaker op. Op een snel medium als podcast, radio of tv kun je met cijfers strooien zonder dat iemand het kan controleren. Ik hoor of zie wel vaker vermogensbeheerders die bijna altijd een briljante performance hebben. Logisch, iedereen vertelt liever over zijn successen en niet over zijn fouten. En zeker als er een commercieel belang bij is. Enige tijd geleden hoorde ik zo'n vermogensbeheerder in een tv programma pochen over het rendement wat hij voor zijn klanten maakte. Een kennis van mij had dat ook gehoord en wilde zijn vermogen daar onderbrengen. Hij vroeg me wat ik ervan vond. Ik stelde hem de wedervraag: waarom wil jij het eigenlijk? Hoe weet jij of ze wel zo goed zijn als ze beweren? Het gaat om veel geld en dan wil je toch wel harde cijfers zien. De naam van zijn huidige vermogensbeheerder had hij ook maar in de skybox gehoord. En die had teleurstellende resultaten geleverd. Ik snap dat je beleggen wil uitbesteden. Beleggen klinkt moeilijk en door je eigen emoties behaal je vaak een slecht rendement. De jaarlijkse Dalbar-studie laat keer op keer zien dat beleggers in staat zijn om het meeste van hun rendement het raam uit te gooien. De gemiddelde belegger verdiende slechts 3,6% over de afgelopen 20 jaar, terwijl een simpele gemixte portefeuille zonder na te denken 7,4% per jaar opleverde. Dan moet je wel stil blijven zitten en dat kunnen de meeste beleggers niet. Daar kan een vermogensbeheerder bij helpen. Maar als je dan op zoek gaat naar een vermogensbeheerder, doe dat dan op basis van cijfers. Op vermogensbeheer.nl kun je zien wat de vermogensbeheerders hebben verdiend. De rendementen van de beheerder die op zondagochtend gezellig op tv zat te keuvelen over aandelen, had zijn cijfers niet gegeven. De reden daar achter laat zich raden.   Het blijven rendementen uit het verleden en die zijn geen garantie voor de toekomst. Maar als er niets staat, zult u alleen maar op de blauwe ogen af moeten gaan. En u heeft te hard gewerkt voor dat vermogen om het zo maar over te maken naar BV Blauwe Ogen Vermogensbeheer. Zelfs als ze op tv komen. Over de column van Corné van Zeijl Corné van Zeijl is analist en strateeg bij vermogensbeheerder Actiam en belegt ook privé. Reageer via corne.vanzeijl@actiam.nl. Deze column kun je ook iedere donderdag lezen in het FD.See omnystudio.com/listener for privacy information.

In this episode, we look at some results from the recent Dalbar study, tracking the average investors behaviours. We break down why chasing returns is the biggest mistake the average investor could make and how to avoid this.

Northwestern Mutual's 2022 Planning & Progress Study found that 60 percent of U.S. adults say that the pandemic has been highly disruptive to the way they manage their finances. But they have taken certain actions to buttress longer-term financial security.   DALBAR's 2022 Quantitative Analysis of Investor Behavior (QAIB) report found that the Average Equity Fund Investor finished the year with a return of 18.39 percent versus a Standard & Poors 500 return of 28.71 percent, an investor return gap of 1,032 basis points (bps). The reports seem to support the idea that emotion costs you money while discipline makes you money.   

You may have heard the terms “fee” and “cost” used as synonyms, but there is a distinction that could make all the difference in the world of investing. In this episode, Stephen Stricklin and Paul Brock discuss three major misconceptions many people have about fees and costs.  A fee is something you can “see,” usually in plain sight, and made known up front, sometimes deterring an individual from taking the plunge. A cost is something you can “feel,” usually not laid out clearly in a statement, but you'll feel the hidden costs in your returns.  The three most popular money saving misconceptions are: investing on your own, that your 401(k) has no fees, and investing online with a robo-advisor, all of which lead people to believe that they are cutting losses associated with various service fees. Stephen and Paul expose these myths with facts and statistics, showing the fees of working with an advisor actually yields greater return than the costs associated with the three methods above.  All investments have a cost, and value determines worthiness. The value of having a financial advisor when investing is highly beneficial, and the stats show it is worth it.  Stephen and Paul Discuss:  The difference between fees and costs. A fee is something that you see, a cost is something that you feel. The myths and misconceptions of fees and costs when it comes to investing. Misconception #1 “I can save money by investing on my own, and pay no fees” Vanguard study  Misconception #2 “I can save money by keeping money in the 401K, where there are ‘no fees'”  Misconception #3 “I can save money by investing online through a robo-advisor, because there are ‘no fees'” Dalbar study  Resources: Don't forget to email info@simplifyyourretirement.com if you have any retirement questions you'd like Stephen and Paul to answer in an upcoming episode OR to get a free Copy of Stephen's book, Simplify Your Retirement! info@simplifyyourretirement.com http://www.simplifyyourretirement.com/book https://www.investopedia.com/ Connect With Stephen Stricklin: stephen@wisewealth.com WiseWealth.com Simplify Your Retirement LinkedIn: Stephen Stricklin LinkedIn: Wise Wealth LLC

Investing in the stock market can be a roller coaster ride. You're happy when the markets are up and you're sad when the markets are down. It's easy to get caught up in our emotions when it comes to investing. In this episode of the WealthSmarts Podcast, Richard and Matt talk about how a professional advisor can help us stay mindful of our emotional responses. This involves making smarter investment decisions based on data, not emotion. Studies have shown that investors who work with a professional advisor achieve better investment returns than those who don't. For the purpose of this conversation, we will be referring to DALBAR's Quantitative Analysis of Investor Behavior and the Vanguard Advisor's Alpha study.

Why does the typical investOR significantly OUTPERFORM their investMENTS?  Whoa...that was a lot of all-caps.  Anyway, Josh and Ross discuss the Dalbar study and Magellan fund in explaining why people's "bad behavior" leads to underperformance and what to do about it.  Articles and links referenced in this episode: How Investors are Costing Themselves Money: https://www.forbes.com/sites/forbesfinancecouncil/2021/06/02/how-investors-are-costing-themselves-money/?sh=7e805a8f5e30Why the Average Investor's Investment Return is So Low:  https://www.forbes.com/sites/advisor/2014/04/24/why-the-average-investors-investment-return-is-so-low/?sh=261bb06f111awww.Dalbar.com To connect with Josh visit joshhargrove.comTo connect with Ross visit rosspowellcpa.com Currently Listening: Ross – Lady Gaga, "The Fame Monster" - https://open.spotify.com/album/6rePArBMb5nLWEaY9aQqL4?si=UGcraC1OTLK_2zCuaQVxQQJosh – Apple Music Playlist, "Acoustic Chill"  - https://music.apple.com/us/playlist/acoustic-chill/pl.b5e8dbe8a706496496e1292466839207

On this week's Christian Retirement Show CFP® Professional Eric Schrum talks about the number 1 threat to your retirement investments and how to thwart it!    Recently Dalbar, INC. released a shocking study that has high importance to retirement savers. Dalbar's study showed that while the SP 500 over a 20 year period returned over 6% per year, the average stock market investor returned just over 4%. A gap of almost 2% per year.    But the news get's worse. A a retirement investor and saver you are likely in that camp! But don't worry, Eric shares 3 ways to overcome this retirement risk.    First, Eric Shares that the foundation of winning in investing and retirement planning is to have a written financial plan that acts as a map for all of your financial decisions.   Second, Eric shares that often the best course of action is scary markets is actually taking no action at all! As Gene Fama says “Your money is like a bar of soap, the more you handle it the less you'll have.”   Finally, Eric shares that having a basic education on the history of the stock market can help demonstrate that although sometimes market downturns feel scary, history shows us markets recover and grow over the long term!   Resources in today's show:   Christian Retirement Planner website: https://www.christianretirementplanner.com/ Get Your Free Retirement Assessment: https://www.christianretirementplanner.com/your-free-retirement-assessment Link to Dalbar's study: https://www.thebalance.com/why-average-investors-earn-below-average-market-returns-2388519 How to Listen to today's show- Via Web: https://www.christianretirementplanner.com/blog-01 Via Apple: https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100 Via Spotify: https://open.spotify.com/show/2CvP6jKwvQM9UHCVNbAmVI?si=cdANypiGQcqroCk0ATQxgA&dl_branch=1

Kevin Clark   The Insurance Marketing Organization Podcast with Seth Greene Episode 030: Plan Confidence Kevin T Clark is a Dalbar certified Registered Fiduciary who has been in the financial industry since 1997. In 2016, he co-founded Plan Confidence Corporation to allow the 100 million Americans with money in their employer's retirement plan the abilty to receive advice from an adviser of their choosing. He is an ERISA nerd living in Sarasota FL. When he is not revolutionizing the ERISA advice space, he enjoys boating and reading on a sandy beach.   Listen to this insightful episode where Kevin explains how Plan Confidence is helping people stay ERIA safe. Here is what to expect on this week's show: Who Plan Confidence is and what they do How Kevin navigates complex ERISA rules to help his clients with their 401Ks What gave Kevin the idea to have more scaleable software Ways in which Plan Confidence is helping financial advisors, insurance agents, and RIA firms How advisors who provide non-ERISA compliant 401K advice are doing more harm than good The eureka moments that are Kevin's favorite part of his job   Connect with Kevin: Guest Contact Info: Website: https://www.planconfidence.com/ LinkedIn: https://www.linkedin.com/in/planconfidence/       Learn more about your ad choices. Visit megaphone.fm/adchoices

Lou Harvey, president and chief executive officer at DALBAR Inc., says that investors can get unbiased advice that's in their best interest from the many new online 'robo advisor' platforms, but the trade-off is that the quality of advice is lower than hiring a human adviser. In the firm's most recent 'Best Interest Analysis,' DALBAR found significant issues with traditional advisers failing to work in the best interest of the client, a discrepancy he said is largely stemming from regulations which don't require all types of advisers to work to a fiduciary standard. Also on the show, David Trainer of New Constructs puts 'salad company' Sweet Green in the Danger Zone, saying that the IPO is nearly worthless despite being highly valued out of the box; Brian Hamilton of One discusses the financial stresses Americans are already worrying about for the upcoming holidays, and Eric Marshall of the Hodges Funds talks stocks in the Market Call.

You don't think you're timing the market, but guess what? You probably are. In this episode of Best in Wealth, I'll talk about what the average investor looks like and why you don't want to fall into that category. I'll share why I think you're timing the market and what you should be doing instead. Check it out! [bctt tweet="In this episode of Best in Wealth, I share the unexpected way you're timing the market—and what to do instead. #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""] Outline of This Episode[1:32] I take every chance I can get to love on my wife [5:24] What Dalbar studies say about the average investor [8:30] Why the average investor doesn't achieve the benchmark [13:35] How the major asset classes performed in 2020 [17:39] How the asset classes performed in quarter 1 of 2021 [20:22] If you shouldn't make unplanned adjustments—what DO you do? What Dalbar studies say about the average investorDalbar researches all of the mutual funds that exist in the world. They can tell how the average investor compares to the performance of the overall market. Dalbar is the financial community's leading independent expert for these types of evaluations. It launched in 1976 and has earned a lot of recognition. The study that covered the first 6 months of 2021 says that the average investor does worse than the benchmark. Why? That's what we need to figure out. You don't want to be on the losing end. If you're going to take a risk, you want to get what you deserve from the asset class. You want the reward. Why the average person underperforms the benchmarkPart of the reason you'll never achieve the benchmark is because ETFs and mutual funds have an expense ratio. After that expense, you want to do as well as the benchmark—or beat it. You want to reach financial independence as quickly as possible. Another reason that people tend to underperform the benchmark is because they try to time the market. They sell when the market drops and sit on the sidelines until things are “better.” But it's not just that. I think it's more subtle. Most of the people I talk to claim they don't time the market. They say it over and over. But it's not just getting all the way in or all the way out of the market. The real problem is that you don't have an investment plan. You might have a great idea in your head. But you don't get a documented plan down on paper. Instead, you do a lot of reading and research and you pick your investments. You throw 50% in one thing, 25% in another, and so on. You make your selections off the yearly averages and you invest. Or you look at certain asset classes that are doing well and invest in them. Maybe periodically you see how things have changed and you make adjustments. But if you want to be a successful investor, you need to be methodical. You need a plan. This is what separates you from the average investor. [bctt tweet="Why does the average person underperform the benchmark? I share some research—and my thoughts—in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""] What asset class performance tells you about your investment strategyPretend for a moment that it's the 4th quarter of 2020. The S&P 500 averages 10% per year looking back 95 years. In the last 10 years, they averaged around 14% per year. Why was it on a tear? Facebook, Apple, Google, Amazon, Microsoft, etc. So a lot of people tilt their portfolios toward the S&P 500. In the last quarter of 2020, the S&P 500 finished up 12.15%. Not bad, right? Except large-value did a lot better, ending the year up 16.25%. Small finished up 31.27%. Small value did even better, ending at 33.36%. Real estate was up 13% and international funds ended up 16%. The S&P was one of the worst performers of the largest asset classes. So the funds that tilted toward

Dalbar released a study recently showing that people had better emotional reactions using a variable annuity. Brad discusses the pros and cons of a variable annuity.

Dalbar released a study recently showing that people had better emotional reactions using a variable annuity. Brad discusses the pros and cons of a variable annuity.

A new Dalbar study suggests that investors with variable annuities did better in 2020. Ross and Dan unpack some of the possible reasons and discuss whether data like this  would alter our traditional thinking around retirement income.E-mail us at checkyourbalances@outlook.com with questions for the show or anything you'd like us to weigh in on!

Methodology on studies on the tangible and intangible benefits of working with a financial advisor.In this episode, Aaron and Trishul examine research that tries to quantify the value of financial advice. High client retention rates imply that clients are happy. But how do you measure the value of advice? Past studies may have overstated the behavior gap. But recent studies provide additional insights beyond this singular metric. So don't forget about asset allocation, rebalancing, asset location, and tax-efficient investing. And beyond investing, perhaps it's the benefits from sound financial planning that make the biggest impact on happiness and well-being.Episode ReferencesInvesting Forever - The Three Key Benefits of Sound Financial AdviceInvesting Forever - The World's Most Expensive HobbyVanguard: Advisor's AlphaKitces: DALBAR study overstates behavior gapA Simple Explanation for DALBAR's misleading resultsDo Knowledgeable Investors Need a Financial Advisor?Average Stock Holding Period on NYSEPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

This show begins with a confession. You may have heard before that “Confession is good for the soul.” Well, I have a confession. Historically, I’ve been a curmudgeon when it comes to holidays. It started sometime in adolescence. I continue this story before jumping into a recent study. Dalbar is a large financial services market research firm and creates reports on investor behavior. For the last 27 years they have released a yearly study titled “Quantitative Analysis of Investor Behavior (QAIB).”From the report, “QAIB has measured the effects of investor decisions to buy, sell, and switch into and out of mutual funds over short and long-term time frames. These effects are measured from the perspective of the investor and do not represent the performance of the investments themselves. The results consistently show that the average investor earns less in many cases, much less–than mutual fund performance reports would suggest.”Much of the report was spent discussing the stock market correction that happened as a result of the Coronavirus. In the first quarter of 2020, the average investor lost -21.93%.“In response to the to the market crash in March:30% of investors reallocated assets28% of investors invested more while prices were low26% of investors did nothing15% of investors cashed out”One last point from the report, “The average investor fails to realize the long-term benefits of asset ownership because they seldom stay invested in any given fund for a long enough period of time.” Congress in junction with the Federal Reserve responded quickly by buying bonds, equities, and dropping interest rates to the floor. Without interest rates being around zero percent, our economy would be in dire straits.It’s unlikely that interest rates will be normalized any time soon. Also, the government is massively spending. We are coming close to $30 trillion of debt. The task for how to allocate your retirement savings has never been more challenging for the average retiree.The challenge with investing in retirement is how to allocate your assets. We know from Dalbar and other research that for stock market investments to work properly it requires a long time-frame and patience. However, in retirement many people use their savings to supplement their income.Working with a financial advisor to develop a custom allocation strategy for your needs may be beneficial. If you’d like to discuss this further call our office at 864.641.7955.Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Clients Excel, LLC are not affiliated companies. Investing involves risk, including potential loss of principal. Any references to protection, safety, or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the insuring carrier. This podcast is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet particular needs of an individual’s situation. Clients Excel is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Clients Excel. The use of logos and/or trademarks of podcast hosting sites are the property of their respective owners and are not an endorsement by those owners of our firm or our program.

In this episode we speak of the issues and fears people, especially women, tend to have around investing and how often times that fear or uncertainty leads to a late or complete lack of action taken in investing. We believe that there’s no “perfect” time to enter the market and that “time in the market is more important than timing the market.” It’s important to look at investing as a long-game and know that even substantial dips in the market recover and yield overall great gains in the long run. This is apparent when looking back at the previous 20+ years of the S&P 500 and noting the early-2000s Dotcom crash followed by an even bigger stock market crash 7-8 years later, followed by COVID years later. In spite of these crashes and dips in the stock market, the overall trend is growth over time. Despite the natural human tendency to avoid uncertainty and risk, the best time to enter the stock market is usually now. Tune in for all the nitty gritty details. Key Topics: “Joe from Jersey” was hesitant to invest because he was always waiting for that “perfect moment” that may have never came. (4:14) The professional investors know that nobody will get every call right in this “game of numbers.” (5:42) “Time in the market is better than timing the market.” Money invested should be long term money. (7:15) Jeff Gundlach considers 70% a high success rate, even with an entire staff of researchers. (10:43) Even professionals know that it is impossible to call investments correct all the time. (13:00) The biggest barrier to being a good investor are the thoughts in our heads. (13:55) “Being right early, feels an awful lot like being wrong.” Leaving the stock market. (16:10) It is really almost impossible to time when to get out of the stock market. (17:10) Explaining the charts of the past years of the S&P 500. (18:39) CLICK HERE for a supplementary video explaining the charts. Just because you know something, it doesn’t mean that the investments are going in that direction. (20:38) DALBAR tracks investment performance including the average return of mutual funds, stocks, bonds, cash, hedge funds, and more. (21:14) Choosing the “right” investment. How fear of making the wrong choices causes people, especially women, to make no investment decision at all. (25:05) No matter how good or bad the decisions are that people make, there will always be a small segment of return that simply depends on luck. (28:12) Look at the expenses of the investments that you are in and focus on diversification. (31:42) If you like what you’ve been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com  You can find the transcript and more information about this episode at www.takebackretirement.com. Follow Stephanie on Twitter, Facebook, YouTube and Linkedin.  Follow Kevin on Twitter, Facebook, YouTube and Linkedin.

Introduction: Airplane example Getting into an elevator Kids being held over the spa Football: NFC East: The Eagles put their faith in Carson Wentz. The Cowboys put their faith in Mike McCarthy and Zeke. The Washington Football Team put their faith in Dwayne Haskins. The Giants put their faith in Saquon Barkley. Verse of the day: Hebrews 11:1 says, “Now faith is the assurance of things hoped for, the conviction of things not seen.” Lecrae said “If I’m wrong about God then I wasted my life. If you’re wrong about God then you wasted your eternity.” Faith: Faith means being willing to encounter challenges and welcome them because you know that the conviction of things not seen will produce results in your life. Listener Question for the Day: I listen to both Dave Ramsey and you, you feel differently about paying off your house and handling debt. Please explain why he’s wrong. Finance: Faith in human resilience and ingenuity in the midst of trial. Faith in America, but also faith in the world as a whole (international investing). Faith in your team (are they experts, are their interests aligned). Faith in yourself (Dalbar study). MLK said, “Faith is taking the first step even when you don’t see the whole staircase.”

There's a lot of negativity in the news. It can weigh on your mind and impact how you view your life—and your investments. The turmoil of the current political climate paired with uncertainty in the economy and then magnified by the Coronavirus has us all questioning the future. Where do we stand today? I believe the path forward is bright. I believe what we have been through can shed light on our future. So in this episode of Retirement Made Easy, I share a look into the past 45 years of investing. If you're looking for an optimistic take on the future, don't miss this episode.  You will want to hear this episode if you are interested in... [2:12] What the past 45 years can tell us about the future  [6:48] The secret to most investors accumulated wealth [11:54] The DALBAR study and correlation with investing What the past 45 years can tell us about the future  I chose to look at a 45-year timespan because 45 years is a lifetime of investing for most people. All of the information referenced in this episode is from J.P. Morgan's Guide to the Markets and the Guide to Retirement. I'm referencing the S&P 500 index as a gauge of the US stock market as a whole. Since 1975 we've been through wars, terrorist attacks, assassinations, Y2K, hurricanes & tsunamis, the 2008 financial crisis, and more. But since 1975 the global population has grown 80%. The US economy tripled (measured by GDP growth) during a time where we only saw 50% population growth. In 1975, the S&P 500 index was 90. January 1st, 2020 the S&P 500 was 3,257. That is a 4,278% increase in 45 years. That 45 year period has been the greatest accumulation of wealth in this country's history.  The S&P 500 averaged almost 9% per year for 45 years. In 1975, there were only 4 billion people in the world with over half in extreme poverty. Today, there are more than 7 billion people and only 1 in 10 live in poverty. Those people's lives got better and moved into the middle-class.  You can look back and see we have come through a lot. Yet there are so many reasons to be optimistic about the future. In my eyes, pessimism doesn't line up with reality. The world has evolved and things have gotten better. Many lives have gotten better. People have been able to accumulate wealth. Why? Because they've focused on their long-term goals. The secret to accumulating wealth: Invest for the long-haul Most investments are meant to be held long-term, and that's what many people forget. All of the successful investors I've known have focused on the long-term rising trendlines and have ignored temporary and short-term discomfort. When the market pulled back and corrected in 2008, they held strong. Failed investors lost sight of the long-term potential of their investments. It ruined their investment plan. Don't mistake a temporary decline for a permanent loss. If your home value drops 20%, that's a temporary loss. If it burns down and you don't have insurance, that's a permanent loss. I'm not worried about a short-term value reduction of 20% when my home is a long-term investment.  Can you stomach the volatility in the market?  A famous portfolio manager named Peter Lynch said “It's not the head that determines investment success—it's the stomach.” Can you stomach the volatility in the market? Can you handle the roller-coaster ride? Being able to handle the volatility in the market determines success. I believe in buying quality investments long-term and sticking with them. If you can't stomach the temporary declines, don't invest aggressively or in volatile assets. You have to decide what side of the fence you sit on. The DALBAR study further emphasizes WHY long-term investing is necessary In the DALBAR study, mutual funds averaged a 2.5% return per year from 1999 through the end of 2019. A measly 2.5%. The same study showed the S&P 500 did over 6% per year. Home values went up an average of 3.4% per year during that same period.  Mutual fund investors did worse during that time period—but why? What led to the poor performance? The reason their return was so low is because they were buying and selling when they saw volatility. They weren't investing long-term—but they'd be much better off if they did. Instead of investing in mutual funds, invest in the companies inside them where value can be found—and do it long-term.  The other day, Dave Ramsey said that panic is not an investment strategy. The price of your portfolio may be down 10% and your investments may be in the red, but hold on tight and remember your long-term goals. Don't sell long-term investments in the middle of a recession or a pandemic. Selling your long-term investments at the wrong time says you're giving up on your long-term goals. You must embrace patience and give them the time that they need.  Resources & People Mentioned J.P. Morgan's Guide to the Markets J.P. Morgan's Guide to Retirement DALBAR Connect With Gregg Gonzalez Email at: Gregg@RetireSTL.com Podcast: https://RetirementMadeEasyPodcast.com Website: https://StLouisFinancialAdvisor.com Follow Gregg on LinkedIn Follow Gregg on Facebook Follow Gregg on YouTube Subscribe to Retirement Made EasyOn Apple Podcasts, Spotify, Google Podcasts

This week, I’m talking about behavioral finance to help you understand how your psychology and biases influence your money decisions.  Today, I’m talking about why most of you listening are pretty terrible at making decisions with your money. I don’t say that to insult you. It’s just the reality... If you are even remotely like the average investor, and statistically speaking, you are...then you are a terrible investor. Why? Because you get in and out of the stock market at all the wrong times.  The research company, Dalbar, has been analyzing investor behavior for the last 25 years and here’s what they found:  During the 20-year period from 1998-2018, the stock market made a 5.6% average annual return. Pretty good when you consider that that return include the bursting of the tech bubble in the early 2000s, and the worst recession and stock market drop since the Great Depression in 2008-2009. Stocks still made 5.6% a year. Over that same 20-year time period bonds made 4.5% a year. Do you want to know what the average investor made?  1.9%. 1.9%! Not even enough to keep pace with inflation. Behavioral finance concepts, specifically what I discussed yesterday, which is that we make most of our decisions based on our strongest internal feeling - that’s why most investors don’t have the kind of returns that are necessary for growing wealth over time.  Investors make emotional decisions based primarily on fear and greed, and getting in and out of the market at all the wrong times.  You don’t even need to go back more than a few months to see this in action. Many investors and a few of my own clients were so frightened about the impact of the pandemic on their portfolio that they had to go to cash. It’s hard to stay invested and keep the long-term view in focus when predictions are dire and the Dow is dropping by 1000+ points day after day.  The point of today’s tip is that behavioral finance matters big time for your retirement, because if you only make 1.9% a year on your investment portfolio, that’s not going to provide the kind of life and lifestyle in retirement that you’re hoping for!  That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.

With the financial media's ceaseless obsession with daily stock market volatility, it is easy to loose perspective of our long term objectives of investing in this asset class. Any attempts to try to navigate around this volatility is likely to have a significant negative impact on your portfolio's longer term returns. Dalbar, a research firm located in Boston, MA, has carried out extensive research of this investing phenomenon. https://www.dalbar.com https://www.coffeehouseinvestor.com

Many people think it's possible, with the right information or the right guidance, to time the market. Chris turns to the Dalbar Report to give us a look into the stock market history and how emotional decisions and attempts to time the market have panned out for investors over the last several decades. Show Notes: Website: PFfirm.com Phone Number: 904-285-4489

This is Part 2 of our conversation with the principal author of DALBAR’s Quantitative Analysis of Investor Behavior Study (“QAIB”), Chief Marketing Officer, Cory Clark. We'll take a deeper dive into the possible implications of reactive investor decisions on their portfolios, and, the potential benefits of staying invested. During volatile times such as these, taking a long-term perspective of markets can provide context, insight, and some peace of mind. Thank you very much for listening to The Symmetry Delta Podcast for Evidence Based Investing. Visit us at www.symmetrypartners.com. You can also find us on Facebook, YouTube, Twitter, or LinkedIn under Symmetry Partners, LLC. If you have any questions or would like more information – give us a call at: 800.786.3309. Symmetry Partners, LLC, is an investment adviser firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, or excluded or exempted from registration requirements. No one should assume that future performance of any specific investment, investment strategy, product or non-investment related content made reference to directly or indirectly in this material will be profitable. As with any investment strategy, there is the possibility of profitability as well as loss.

Amidst growing concern over the COVID-19 pandemic, investors and financial advisors alike may find it challenging to stay focused on their financial objectives. During volatile times such as these, taking a long-term perspective of markets can provide context, insight, and some peace of mind. On this episode, we are joined by the principal author of DALBAR’s Quantitative Analysis of Investor Behavior Study (“QAIB”), Chief Marketing Officer, Cory Clark. We’ll discuss the possible implications of reactive investor decisions on their portfolios, and, the potential benefits of staying invested. Thank you very much for listening to The Symmetry Delta Podcast for Evidence Based Investing. Visit us at www.symmetrypartners.com. You can also find us on Facebook, YouTube, Twitter, or LinkedIn under Symmetry Partners, LLC. If you have any questions or would like more information – give us a call at: 800.786.3309. Symmetry Partners, LLC, is an investment adviser firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, or excluded or exempted from registration requirements. No one should assume that future performance of any specific investment, investment strategy, product or non-investment related content made reference to directly or indirectly in this material will be profitable. As with any investment strategy, there is the possibility of profitability as well as loss.

New Dalbar research takes a look at asset protection strategies through the prism of opportunity cost, with a view toward lowering investors’ hedging costs or even increasing their total returns. This podcast (8:10) suggests that Dalbar’s alternative allocation findings are quite helpful, so long as advisors do the appropriate due diligence for their clients, but also proposes another strategy for Dalbar’s quants to test empirically.

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

In today's show we chat on an article looking at why people are refinancing mortgages with the yield curve inversion. https://blairbellecurve.com/yield-curve-inversion-in-the-mortgage-market/ The Tweet of the Week: https://twitter.com/behaviorgap/status/1164671595522056192 The flawed investment measure that is commonly shown is from the Dalbar study. We discuss a recent article and others discussing the issues with how the data is the presented. https://www.advisorperspectives.com/articles/2014/06/17/a-simple-explanation-for-dalbar-s-misleading-results Podcast reference about Josh Brown ://open.spotify.com/episode/2QwBy6RJNpMHPKNjs26HQw The Dalbar study in the JP Morgan Guide to the Markets ://am.jpmorgan.com/us/en/asset-management/gim/adv/insights/guide-to-the-markets More Dalbar Articles: https://thefinancebuff.com/dalbar-study-overstates-investors-bad-timing.html & https://jasonzweig.com/just-how-dumb-are-investors/

This week, I’m talking about behavioral finance. An incredibly important topic when it comes to your money and your retirement, yet at the same time it’s something that few people really, truly understand. Essentially, behavioral finance looks at how your psychology, your emotions, and your biases impact your decisions and your behavior when it comes to your money.  I’m just going to level with you here. If you are even remotely like the average investor, and statistically speaking, you are...then you are a terrible investor. Why? Because you get in and out of the stock market at all the wrong times.  The research company, Dalbar, has been analyzing investor behavior for the last 25 years and here’s what they found:  During the 20-year period from 1998-2018, the stock market made a 5.6% average annual return. Pretty good when you consider that that return include the bursting of the tech bubble in the early 2000s, and the worst recession and stock market drop since the Great Depression in 2008-2009. Stocks still made 5.6% a year. Over that same 20-year time period bonds made 4.5% a year. Do you want to know what the average investor made?  1.9%. 1.9%! Not even enough to keep pace with inflation. Behavioral finance concepts are the primary reason why. Investors make emotional decisions based primarily on fear and greed, and getting in and out of the market at all the wrong times.  The point of today’s tip is that behavioral finance matters big time for your retirement, because if you only make 1.9% a year on your investment portfolio, that aint going to cut it! You could have thrown a dart and picked the most mediocre investment for the last 20 years, and stubbornly held on, and you still would have probably done better than 1.9%.  And the more you understand and accept that your own psychology, biases, and shortcomings are influencing your decisions, the better equipped you’ll be to actually make better decisions.  That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.  --------- >>> Subscribe on iTunes: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Check out our blog: https://truenorthretirementadvisors.com/blog/ ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance, wealth management, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast, behavioral finance, behavioral finance concepts, behavioral finance examples, behavioral finance biases, why is behavioral finance important, behavioral economics, investor psychology, behavioral biases, herd behavior, herd behavior and investment, herd behavior financial crisis, loss aversion, prospect theory

Show Description: Jason and Alex discuss the three most common paths that we have in pursuing the best investment experience.Option 1 is the “do it yourselfer”, this person never sought professional financial advice and chose instead to manage their own investments and financial plan.Option 2 is the person who sought professional advice from a “big company name”. They have followed this advice and guidance their entire lives.Option 3 is the person who sought financial advice from an independent fiduciary adviser or adviser team, a full time fiduciary. They have also followed this advice and guidance their entire lives.Each one of these people made decisions on which path to pursue. The results and experience tend to vary dramatically as evidenced by industry studies such as DALBAR’s Quantitative Analysis of Investor Behavior. In the show Jason and Alex objectively compare the three paths to help listeners determine which path they are on and how to best navigate the present and the future of their investment journeys.In this show you will learn about:- The services and costs associated with “doing it yourself” compared to the “big company names” compared to the Independent, full time fiduciary RIA”- How to best navigate any of these paths in a way that makes the most sense for you- The things that you can and can’t control and what to do along the way

Show Description: Jason and Alex discuss the three most common paths that we have in pursuing the best investment experience.Option 1 is the “do it yourselfer”, this person never sought professional financial advice and chose instead to manage their own investments and financial plan.Option 2 is the person who sought professional advice from a “big company name”. They have followed this advice and guidance their entire lives.Option 3 is the person who sought financial advice from an independent fiduciary adviser or adviser team, a full time fiduciary. They have also followed this advice and guidance their entire lives.Each one of these people made decisions on which path to pursue. The results and experience tend to vary dramatically as evidenced by industry studies such as DALBAR’s Quantitative Analysis of Investor Behavior. In the show Jason and Alex objectively compare the three paths to help listeners determine which path they are on and how to best navigate the present and the future of their investment journeys.In this show you will learn about:- The services and costs associated with “doing it yourself” compared to the “big company names” compared to the Independent, full time fiduciary RIA”- How to best navigate any of these paths in a way that makes the most sense for you- The things that you can and can’t control and what to do along the way

Investment consultancy Dalbar suggests that it is a mistake for advisors to assume that investors have a static risk tolerance. To the contrary, it changes constantly – on the basis of both market conditions and the client’s constantly shifting personal status. In this podcast interview (14:07), Dalbar’s Louis Harvey suggests that advisors need to constantly assess and re-assess their risk tolerance, and engage in behavioral coaching accompanying a tolerable asset allocation.

In this episode, Don takes your calls and questions, fielding queries about severance packages, pensions, short term investments and weighing the use of stocks at later stages in life. Don makes the argument that bonds can be a better choice at certain times for their stability as well as explains the big lesson that we can learn from DALBAR's 2018 study on the performance of the markets over time. Best utilization of a severance package in preparation for retirement. Pensions, IRAs and lifestyle changes while your money grows. The discouraging nature of investing without outside, expert help. Good repositories for a short term, lump sum. What the 2018 study by DALBAR proved beyond a shadow of a doubt. Should you keep investing your money in stocks in your seventies? Vestory — https://vestory.com/ Vanguard — https://investor.vanguard.com/corporate-portal The New York Times — https://www.nytimes.com/ "Investors are Usually Wrong. I'm One of Them" — https://www.nytimes.com/2019/07/26/your-money/stock-bond-investing.html Bankrate — https://www.bankrate.com/ DALBAR — https://www.dalbar.com/ Jeff Sommer – https://www.nytimes.com/by/jeff-sommer DALBAR 2018 Study— https://www.dalbar.com/Portals/dalbar/Cache/News/PressReleases/QAIBPressRelease_2019.pdf S&P 500 — https://www.marketwatch.com/investing/index/spx

The goal of the Dalbar report is to improve the performance of both the independent investor and financial advisors by helping manage the behavior that caused those investors to act in a certain way.

In a week where markets hit new all-time highs, Dan gets to the question everyone asks with each new record. “You all know where I'm gonna come down on this.” With this high-water mark, it's a good time to reflect on the principles of investing, from risk management, to value, to growth. Dan gets into the weeds on the literature of investor behavior – and the findings by DALBAR on individual investing performance, which while never changing year after year, are always shocking.

In a week where markets hit new all-time highs, Dan gets to the question everyone asks with each new record. “You all know where I’m gonna come down on this.” With this high-water mark, it’s a good time to reflect on the principles of investing, from risk management, to value, to growth. Dan gets into the weeds on the literature of investor behavior – and the findings by DALBAR on individual investing performance, which while never changing year after year, are always shocking.

The nation's leading investor behavior study over the past 25 years, DALBAR's Quantitative Analysis of Investor Behavior Study ("QAIB"), has been analyzing investor returns since 1994 and has consistently found that the average investor earns much less than market indices would suggest.  On this episode we continue our discussion with the principal author of that study, DALBAR’s Chief Marketing Officer, Cory Clark, and explore the role investor behavior plays. Thank you very much for listening to The Symmetry Delta Podcast for Evidence Based Investing. Visit us at www.symmetrypartners.com. You can also find us on Facebook, YouTube, Twitter, or LinkedIn under Symmetry Partners, LLC. If you have any questions or would like more information – give us a call at: 800.786.3309. Symmetry Partners, LLC, is an investment adviser firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, or excluded or exempted from registration requirements. No one should assume that future performance of any specific investment, investment strategy, product or non-investment related content made reference to directly or indirectly in this material will be profitable. As with any investment strategy, there is the possibility of profitability as well as loss.  

The nation's leading investor behavior study over the past 25 years, DALBAR's Quantitative Analysis of Investor Behavior Study ("QAIB"), has been analyzing investor returns since 1994 and has consistently found that the average investor earns much less than market indices would suggest.  On this episode we are joined by a principal author of that study, DALBAR’s Chief Marketing Officer, Cory Clark, to discuss the methodology behind the study, and recent findings. Thank you very much for listening to The Symmetry Delta Podcast for Evidence Based Investing. Visit us at www.symmetrypartners.com. You can also find us on Facebook, YouTube, Twitter, or LinkedIn under Symmetry Partners, LLC. If you have any questions or would like more information – give us a call at: 800.786.3309. Symmetry Partners, LLC, is an investment adviser firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, or excluded or exempted from registration requirements. No one should assume that future performance of any specific investment, investment strategy, product or non-investment related content made reference to directly or indirectly in this material will be profitable. As with any investment strategy, there is the possibility of profitability as well as loss.  

Most Americans don’t have a financial plan. One study shows only 1 in 4. A CFP Board study showed only 35% of people have a plan to save for emergencies. Only two-thirds have a plan to meet any of six savings goal, such as for emergencies, retirement, a child’s education or a down payment on a house. People spend more time watching reality TV than they do planning finances.   WHY? We’ve heard all of the reasons. Don’t want to pay for financial advice because I am not positive I need it Don’t want to get ripped off Can get investments at low cost – isn’t that what financial advice is really about – so why hire an advisor who just gonna try to sell me expensive investments or insurance I’m a DIYer – why not financial planning? Should be able to do it myself Financial plans are only for people with so much money, they don't know what to do with it, right? It never occurred to me that I might need a plan – 20% gave that answer in a Charles Schwab survey Another 20% in the same survey said they wouldn’t know how to get a plan   WHY the big deal? Less than 40% could access $1,000 in an emergency even though half of us have just such an emergency every year. The average 2018 college graduate has student loan debt of about $30k and a monthly payment of almost $400. This does not count the more than $10k of debt their parents borrowed. Zillow says it now take almost 7.2 years to save the 20% downpayment for an average house IF you’re saving 10% of your pay. NY Federal Reserve Bank says a RECORD 7 million people are behind on their car payments by at least 90 days. According to the Economic Policy Institute, the average retirement savings for the families of people in their 50s is $124,831 in 2018.   So, across all ages, we have a financial crisis. Recent college grads and folks nearing retirement and everyone in the middle.   It cannot be coincidence that we GENERALLY do not have a written financial plan AND that we are financially unprepared for daily life much less big long-term goals like retirement.   It would be bad enough if it were just about the money but it’s not … 70% of people who work with a financial advisor or financial planner (and presumably have a financial plan) are on track or ahead in saving for retirement. That compares with 33% of those who do not with an advisor. Those with a plan making between $50,000 and $99,999 are more likely to live comfortably than even those making $100,000+ without a plan: 50% to 46%. There is a misconception about what a plan is – it’s NOT just investing. Investing is only ONE part of many. A plan has at least 7 things: Cash management College planning Estate planning Debt management Risk management Retirement planning Tax management Investment planning A Vanguard study about the value of a proper advisor relationship could add “about 3%” to your returns. That’s NET of fees and that’s important because Vanguard provides option for low cost investing. Value is in 3 areas: Portfolio Construction (what investments and in what proportions) Wealth Management (spending strategy and maintaining portfolio targets for risk) Behavioral Coaching (this is a big one – guarding against the biases and attitudes that cause all of us to make bad money choices)   If value of advisor is 3%, wouldn’t you be willing to pay anything less than 3%?   One of my favorite examples is about Peter Lynch – legendary manager of Fidelity’s Magellan fund from 1977-1990. During his tenure Lynch trounced the market overall and beat it in most years, racking up a 29 percent annualized return. But Lynch himself pointed out a fly in the ointment. He calculated that the average investor in his fund made only around 7 percent during the same period. When he would have a setback, for example, the money would flow out of the fund through redemptions. Then when he got back on track it would flow back in, having missed the recovery.   Another study showing similar results is published each year by the research firm Dalbar. The 2017 Dalbar study reported results through 2016 (still waiting for 2018 but wouldn’t expect any improvement in our behavior)   The key findings of the study show that: In 2016, the average equity mutual fund investor underperformed the S&P 500 by a margin of -4.70%. While the broader market made gains of 11.96%, the average equity investor earned only 7.26%. In 2016, the average fixed income mutual fund investor underperformed the Bloomberg Barclays Aggregate Bond Index by a margin of -1.42%. The broader bond market realized a return of 2.65% while the average fixed income fund investor earned 1.23%. Equity fund retention rates decreased materially in 2016 from 4.10 years to 3.80 years. (This is directly related to psychology and behavior.) In 2016, the 20-year annualized S&P return was 7.68% while the 20-year annualized return for the Average Equity Fund Investor was only 4.79%, a gap of -2.89% annualized   Now these are just the things an advisor and The Plan can do for you in the Investment Area BUT Investments are just one area.   The whole idea is the value of the advisor AND the PLAN you develop together is to help align YOUR behavior - decision-making behavior AND investment behavior - with YOUR goals, YOUR sense of purpose, and YOUR values. To explore working with Wayne Firebaugh to fireproof your money, please call 855-WAYNE KNOWS or check out at fireproofyourmoney.com.

Episode #6 - DALBAR's Certification of Reasonableness - An independent certification of compliance with ERISA Section 408(b)2. In this interview with Cory Clark of DALBAR, Inc., you'll learn about the Certification of Reasonableness - an independent certification of compliance with ERISA Section 408(b)2. The post #6 – Certification of (Fee) Reasonableness appeared first on 401k Best Practices.

Episode #5 DALBAR's Registered Fiduciary (RF ) Certification with Cory Clark - In this interview with Cory Clark of DALBAR, Inc., you'll learn about the Registered Fiduciary (RF ) certification identifies financial professionals that have achieved pertinent academic qualifications and licenses, learned required practices, and have passed a background check. The post #5 – DALBAR’s Registered Fiduciary (RF) Certification appeared first on 401k Best Practices.

Episode 63 – Why do investment markets have bubbles? If you’ve ever seen a graph of any share market, you will know that whilst over the long term it tends to go up, the graph isn’t a straight line. Markets will go up, up, up over several years, only to fall back for a year or two, before re-starting their upward climb. Research on United States investors shows that whilst over 20 years to the end of 2017, the S&P500 share market index returned 7.2%, the average investor experienced a return of 5.29% per year. I don’t imagine Australian investors would be much different. This under-performance of investors has been observed for many years, so what’s going on? And how does it relate to market bubbles? Market bubbles, and their subsequent busts, reflect over-reaction. We bid up prices beyond that which makes sense, and then on the downward slope, we sell when we don’t need to, and prices go below what logic would dictate they should be. These extremes have nothing to do with balance sheets and profit and loss statements, and everything to do with human behaviour. In behavioural finance (for which one of the key founders, Richard Thaler, won a Nobel prize in 2017), the term used is herd behaviour. We sometimes also refer to it with the acronym FOMO – Fear Of Missing Out. Market bubbles don’t occur because investors are stupid. They happen because we’re human. We’ve learnt through thousands of years of evolution that if a lot of people are running in one direction, it’s probably wise to do the same. The luxury of waiting to confirm for ourselves that there is indeed a danger worth fleeing from, may well lead to our death. So when markets keep rising, as we’ve seen in Australia over the past decade with residential property for instance, or when they fall, like we experienced with global share markets through 2008, our inbuilt, human reflex, is to jump on the band wagon. Another thing that is happening is a concept known as Recency Bias. This is the human trait of disproportionally considering things that have happened recently, and dismissing older information. As an illustration of recency bias in action, if you make an initial foray into some shares, and in the first 6 months they rise 10%, then you're quite likely to put more money in. And if that also rises quite quickly, you start thinking about where you can borrow money from to invest some more. This positive feedback loop is how bubbles emerge. Interestingly the two most famous share market bubbles of the twentieth century, the bubble in American stocks in the 1920s just before the Wall Street Crash of 1929, and the Dot-com bubble of the late 1990s, arose from optimism surrounding the development of new technologies.  An amazing range of technological innovations including radio, automobiles, aviation and the deployment of electrical power grids arose during the 1920’s. The 1990s was the decade when Internet and e-commerce technologies emerged. The potential long term impact of these new technologies is hard to evaluate, which leaves plenty of room company share prices to climb, even when they are losing money. So why should you care about investment market bubbles? The answer ties in with the Dalbar statistics I mentioned in the introduction. An investor in the US could have earnt 7.2% over 20 years simply holding onto a well-diversified portfolio that reflected the index. Yet the average investor in fact only experienced a return of 5.3% because they followed the madness of the crowd. They bought and sold when they should have just left things alone. The selling is what does the real damage. There is no perfect time to buy, it’s only known with the benefit of hindsight. And the cost of waiting on the side lines can be significant. But the selling is something we can be smart about. To start with, don’t sell when markets are in a panic. Recognise the herd mentality and step back to consider what is right for you. In 2008, as markets declined, I had clients in their 30’s and 40’s asking if they should get their superannuation out of shares. I had to point out that they can’t touch that money until at least age 60, so short term falls are certainly not a reason to change plans. Indeed for accumulators, markets falls have the silver lining that you are a buyer, and prices are cheap. Also during that period I saw recency bias in action. People would say – “my balance has fallen x% this past year. If it keeps going like this for another 5 years, I won’t have enough to retire on”. But hang on, we know that the long term average return for growth type portfolio’s is around 8%. So why would you extrapolate last year’s down year and assume that’s what the future holds? Recency bias – applying disproportionate weight to recent returns. Rebalancing portfolios can be a useful tool. That’s the process of periodically selling down investments in particular asset classes that have done well, and re-allocating the proceeds to the underperforming sectors. So for instance if the Global Share portion of your portfolio had a very good year, you would sell down some of this holding, and reallocate it to the weaker sector, perhaps Australian Bonds for instance. Considerable research has shown that this rebalancing process can add significant value. But it goes against the grain. It’s the opposite of what we naturally want to do, so it requires discipline. To wrap up then, investment markets experience bubbles because humans make it so. And despite all the advancements in technology that we’ve seen in recent years, human behaviour hasn’t changed, so bubbles will continue to occur. So what should you? Be a long term investor. Ensure your wealth strategy won’t force you to sell when markets drop. And if your strategy doesn’t already have a rebalancing process, explore how you might be able to change things to gain this valuable feature.   Other posts you might find useful: Bike paths, Bitcoin, and Risk Budgets Investing – How to get started   Important Information: This information is of a general nature only and has been prepared without taking into account your particular financial needs, circumstances and objectives. While every effort has been made to ensure the accuracy of the information, it is not guaranteed. You should obtain professional advice before acting on the information contained in this publication.  

An annual study called the Quantitative Analysis of Investor Behavior by Dalbar attempts to measure the impact of investor decisions.

In episode 24 of the Bitcoin Podcast Network’s music broadcast, Crypto Until Infinity, host DJsNeverEndingStory speaks on why the average retail investor may not make money in the next cryptocurrency bull market. All music in this episode by DJsNeverEndingStory. Blockchain Music Platforms: A New Paradigm https://medium.com/the-bitcoin-podcast-blog/blockchain-music-platforms-a-new-paradigm-d1cacc19cce1 Private Equity Performance: What Do We Know? http://faculty.chicagobooth.edu/steven.kaplan/research/hjk.pdf Dalbar https://www.dalbar.com/QAIB Join the conversation on Discord at https://discord.gg/pFfm3tU https://djsneverendingstory.com http://musicoin.org/nav/artist/0x35326a07175d4f0cc9701057c7dad14bc377c678 https://www.choon.co/artists/djsneverendingstory/ Subscribe to Crypto Until Infinity on DTube https://d.tube/#!/c/djsnes

When I started my career in investment markets almost 20 years ago all the investment options were what we’d now call Active. We didn’t call them that at the time, it was just the standard way that money was managed. Passive investment had been around for some time, pushed primarily by John Boggle of Vanguard which first launched a passive index fund in 1975. But it took quite a while for enough data to come in, for investors to begin to appreciate why some hard questions needed to be asked about the focus on Active investment management. In more recent times the trend has swung in favour of the passive approach, and variations of that process, with ETF’s (Exchange Traded Funds) driving broad adoption. The increased acceptance and utilisation of passive investment strategies is almost certainly the biggest shift in investment strategy thinking since managed funds kicked off in Australia in 1955. So in today’s episode I’ll be sharing with you the difference between these two approaches, and how we apply these alternatives when helping our financial planning clients. As mentioned, Vanguard is the best known proponent of passive, or index investing, though interestingly Blackrock is bigger. The idea of passive investment is that instead of trying to do research on different companies and identify winners, you simply buy the whole market. The thinking is that if you do this, you should get the average return of all investors. So let’s say you’re buying an index fund over the ASX200 – the index of Australia’s 200 largest companies. If the ASX200 grew by 5% one year, then that tells you that across all of the investors in that market, half did better and half did worse, and the average came in at 5%. So if you invest in a passive index fund over the ASX200, you will get the average return, 5% in this example, less whatever fees the fund manager charges. Now compare this to the Active manager. Their entire rationale is to beat the market. If the average is 5%, their entire rationale for existence is that by doing all sorts of research and analysis, they can identify insights others have missed, and so deliver superior performance compared to the rest of the market. Now the astute Financial Autonomy audience will immediately identify that given the mathematical foundation of an average is that half of all results will be below, and half will be above, then clearly, not all active fund managers can be successful. Now it is fair to say that not all participants in investment markets are fund managers, there are of course mum and dad investors too, but by far the bulk of trade is conducted by the funds. And so we arrive at the number one challenge when working with active fund managers – what if you choose one that under-performs? But in actual fact, it gets even harder, because not only does the successful active fund manager need to beat the index, but they need to do it after their fees, or at least the difference in their fees versus a passive index alternative. And active fund managers tend to like to pay themselves a lot. So beating the average by say half a percent, won’t cut it if the fund charges 1% to manage the money in the first place. So what do the numbers tell us? In data to the end of 2017 (SPIVA Statistics and Reports), when measured over 5 years, only 37% of active funds outperformed the benchmark, and in the US it was even worse with only 16% achieving what they’d set out to do. To put it another way, if you have some money to invest and you’re trying to pick an active fund manager in Australia, there’s a 63% likelihood that you’ll pick the wrong fund and get under-performance. And in fact that number might be generous due to something called survivorship bias – funds that perform really badly close, and so they don’t register in the data. Now to be fair, index managers underperform the benchmark too because of their fees. But because they don’t need to employ overpaid fund managers, their fees are really low. You can buy an index fund over the Australian share market for a cost of about 0.14%, and over the US market for an incredibly low 0.04%! I thought this quote from Brian Portnoy author of The Geometry of Wealth summed things up well: “Beating the market. That’s a silly and fruitless game. It’s not tied to your real needs. It’s attached to your ego.” Tying your investment decisions back to your needs, or goals is really important. You’ve got a goal, let’s say that’s to buy 5 acres out of town and grow your own food. To make that a reality you determine a dollar amount that you need to save up to enable the purchase. Now of course you could just chip away putting your savings in a bank account until it builds to the necessary amount, but it’s likely to be smarter to invest your savings and let compounding of returns do some of the work for you. A lot of what we do for clients is financial modelling to ascertain how their goals can be met. So for instance we might find that, given your existing financial position and capacity to save, you could achieve your goal in 6 years, assuming your investment earn an average of 7%. If you then embark on that journey, you want to have a high level of confidence that your investments will indeed earn 7%. A portfolio would be constructed to gain you adequate diversification and minimise risk. Now you could choose as part of the portfolio to employ active managers, in the hope they will do better than the market, and so, deliver to you higher returns than you’d assumed so that you reach your goal sooner. It’s certainly tempting. But let’s revisit the data. 63% of Australian active funds and 84% of US active funds fail to beat the benchmark after fees. So is that a bet worth taking? My preference would be to do whatever we possibly can ensure your goal is met, and that means having the highest confidence possible as to what the investment outcome will be. All investments involve risk, and returns are never guaranteed. But I know that if I invest in a passive index fund, I’ll get pretty close to the market return. And I know what on average that return will be, so that over a 6 year time frame, as is the case in this example, I can embark on the strategy with a high degree of confidence that in 6 years’ time I’ll have the funds needed to buy my little farmlet. Now I should just pause here a moment and flag that I’m not totally of the view that all active management is a waste of money. We have many clients who’ve chosen to incorporate ethical considerations into their portfolio, and specialist fund managers, particularly with a focus on sustainability have delivered some great results that have indeed exceeded benchmarks on a consistent basis. There has also been some evidence to indicate that in the Australian small company space, active management might add value. Here many of the participants are day traders and simple punters, and so there does seem to be profits available to investors by employing fund managers to go out and research less well known business, and then sifting the wheat from the chaff. As the weight of money has moved from active management to passive over the years, active managers have responded, producing strategies to improve portfolio diversification and complement other passive holdings.   There’s another interesting wrinkle in this discussion of passive vs active investing, and that is investor behaviour. There’s great data out of the US produced by Dalbar which compares the market return, which is what a passive index investment will deliver, to the return that the average investor actually experienced. Over 20 years to the end of 2016 (the most recent data I could find). The S&P500 index returned 7.7%. However the average fund investor achieved returns of 4.8%, a difference of almost 3%. Over 20 years that is huge! To put some dollars around that, $100,000 invested at 7.7% grows to $440,000 in 20 years, whereas if you earn the lower 4.8%, your $100,000 gets to a much lower $255,000. So what’s going on? The main answer is that investors jump in and out at the wrong time. They tend to get in after markets have had a few good years, and then they tend to get out when markets drop. To get the average market return therefore they needed to do 2 important things: Invest so that your money tracks the index, which is most easily done with an index fund Leave your investment alone – all the evidence suggests that investors who try and time the market fail, and as shown in the numbers just mentioned, the impact is not minor.   So armed with this knowledge, how do we tackle things at Guidance, my financial planning practice? We don’t have a one size fits all approach, however our starting point is to use index solutions such as ETF’s, and then add in active management only where there is a specific strategy requirement. A solution that we use a lot is model portfolios built using entirely index funds, but with an overlay as to the allocation across the sectors, eg. Australian vs International shares vs Property. Once a year the model manager, a large US based global institution, conducts a detailed review of market and economic conditions, and rebalances the asset allocations within certain band limits to reflect what they see. They’ll never be all in Australian shares, or hold none at all, but depending on their assessment, they might tilt allocations 3 or 4% in one way or the other. They’ve been running models this way for over 30 years and their performance has been enough to cover fees and deliver a slight out-performance against the market benchmarks. Given our job is to help our clients achieve their goals, this is the outcome we want delivered. The more certain the outcome, the better. Important Information: This information is of a general nature only and has been prepared without taking into account your particular financial needs, circumstances and objectives. While every effort has been made to ensure the accuracy of the information, it is not guaranteed. You should obtain professional advice before acting on the information contained in this publication.

Paul discusses two reports from his annual “must read” list: SPIVA and DALBAR. The SPIVA report makes the strongest statistical case for index funds over actively-managed funds. The DALBAR “Quantitative Analysis of Investor Behavior 2018 Report” (no link, as investors have to buy the report) makes the case that the combination of active management by mutual funds and …

Special guest Ryan Detrick, Senior Market Strategist for LPL, joins John, Janet, Scott, and Charlie this week as they take a look at Market Madness. Originally aired 3/24/2018 *DALBAR'S year Quantitative Analysis of Investor Behavior (QAIB) study examines real investor returns from equity, fixed income and money market mutual funds from January 1984 through December year. The study was originally conducted by DALBAR, Inc. in 1994 and was the first to investigate how mutual fund investors' behavior affects the returns they actually earn. *There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. *The study for missing the market's 10 best days is based on research of a hypothetical $10,000 invested in the S&P 500 from (12/31/02 through 12/31/17). The S&P 500's annualized total return over this time frame was 9.92%. If you missed the 10 best return days, your return would have been 5.03%. Keep in mind you cannot actually invest in an index. Your results will vary. The rates of return used do not reflect the deduction of fees and charges inherent to investing. *Withdrawals from the account may be tax free, as long as they are considered qualified. Limitations and restrictions may apply. Withdrawals prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Their tax treatment may change.

On this week's show, The Wise Investor Group discussed Dalbar's latest findings that continued to show how individual investors materially underperform the long-term track record of the investments themselves. They also talked about the dangers of human emotions and how we all must look in the mirror to properly address then fight destructive instincts. Join The Wise Investor Group each week as they provide current market commentary and delve into timely investment topics. To reach Simon Hamilton, call 571-203-1600. We manage investments for our clients. We'd be happy to help you plan your investment goals.

  On Episode 016 of the Your Financial Pharmacist Podcast, we continue our 3-part series about finding a financial planner that you has your best interest in mind. Specifically, we talk about the benefits a of hiring a financial planner; some obvious, others not so much. Episode 016 Special Giveaway Along with this three-part series, the team at YFP has prepared an awesome giveaway that will give you the “Nuts & Bolts to Hiring a Financial Planner”. Head on over to www.yourfinancialpharmacist.com/nutsandbolts to get your copy today! In this giveaway, we cover: the benefits of hiring a financial planner; the different types of financial planners; how financial planners get paid; questions to ask when hiring a financial planner; how to find a trustworthy financial planner Featured on the Show The Laws of Wealth: Psychology and the secret to investing Success by Dr. Daniel Crosby Seven Figure Pharmacist (Chapter 15) by Tim Church and Tim Ulbrich Script Financial; a fee-only financial planning firm dedicated to helping pharmacists and young professionals meet their financial goals. Research supporting the value of hiring a financial planner: ‘Putting a Value on Your Value' by Vanguard ‘Alpha, Beta, and Now...Gamma' by Morningstar Quantitative Analysis of Investor Behavior (QAIB) by Dalbar   Join the YFP Community!     I Want In!   Recent Posts [pt_view id="f651872qnv"]

Is the advisor fee hurting my performance? Brandon talks with Scott about this issue. *DALBAR'S 2007 Quantitative Analysis of Investor Behavior (QAIB) study examines real investor returns from equity, fixed income and money market mutual funds from January 1984 through December 2007. The study was originally conducted by DALBAR, Inc. in 1994 and was the first to investigate how mutual fund investors' behavior affects the returns they actually earn.  *There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Investing involves risk including loss of principal. No strategy assures success or protects against loss.

Mike's turning 40! As he hits this milestone, they guys explore the lessons he learned over more than 17 years in the financial services industry. Mike and Chad will reflect on the top 10 lessons learned from these experiences in this week's episode of the Financial Symmetry Podcast.  Top 10 Investment Lessons Learned Following the crowd is not a recipe for investment success. It’s OK to be different. Sometimes saying no is the best decision. Making yourself more marketable and attractive to employers through personal development will only help you in the long term through increased earnings and job security. Limit your employer’s stock to no more than 5% to 10% of your portfolio. Take the emotion out of investing by setting up an automated investing schedule. Don’t get caught up in the short-term noise; focus on the things you can control. A diversified mix of stocks and bonds gives you a better chance of sticking with your investment plan than a 100% stock portfolio. Stocks may provide a greater long-term return, but if you sell at the bottom it doesn’t matter. Implement and follow an investment strategy and stick with it in good times and bad. If you don’t have a strategy, implement one or have a financial planner help you. If you can avoid pouring too much money into equities when the market is riding high (March 2009) or too little when it’s sinking low (October 2007), you’ll be better off. Studies by Vanguard, Morningstar and Dalbar show the average investor trails the market by 1.5% to 3% per year due to poor decisions caused by wanting to jump on the latest fad. Time is your best friend: Implement a disciplined investment strategy, be patient, focus on what you can control (savings, taxes, and so on) and avoid a big mistake. If you can’t do this, hire a fee-only financial planner to help you stay on track.

Alle reden über ETFs vs Aktienfonds, aber keiner redet über die eigene Rendite! Im heutigen Podcast, Episode 41, geht es um Fund-Flow Studien und welche Erkenntnisse Privatanleger aus diesen ziehen können. Viele Anleger wissen garnicht, dass die Rendite eines Fonds oder ETFs, nicht automatisch auch ihrer eigenen persönlichen Rendite entspricht. Diese ist leider häufig niedriger, als die jeweilige Fondsrendite. Podcast Episode 41 direkt downloaden (Rechts klick und "Speichern unter" wählen) Länge: 00:29:08 Shownotes 1. Wikipedia-Artikel über Recency Bias 2. Studie von Dalbar über S&P 500 3. Comdirect Free-Trades Aktion (Affiliate-Link) Rationale Grüße, Kolja Barghoorn Folge direkt herunterladen

Paul reads from Financial Fitness Forever, “Will You Try to Beat the Market?”, which focuses on how trying to beat the market has had a terrible impact on investors’ returns. This Chapter 4 includes important studies, from DALBAR and Morningstar, suggesting that more than half of all investor returns are lost to bad personal behavior, like being influenced …

How would you like to own a certificate of deposit with returns that actually BEAT the stock market?  Something so reliable that it’s a great way to invest that part of your portfolio that you absolutely can not afford to lose… yet you still get a great return?  Well, I’ve got something even better, and I’ll tell you all about it RIGHT NOW.  I’m Bryan Ellis, and this is Episode #111---------Hello, SDI Nation!  Welcome to the podcast of record for smart, individual investors!I didn’t get to be with you on Friday, and I really missed that!  But boy did I have a great time with some of your colleagues and fellow listeners at our Passive Property Flipping Summit.  That event was for affluent investors seeking to deploy their capital into passive real estate flipping opportunities, and it was an extraordinary experience.  The event filled up many weeks ahead of time and it was just truly wonderful to actually meet so many of you face-to-face!My friends, I’ve got some great info to share, and I’ll get to that in about 30 seconds.  But first, let me say THANK YOU for listening!  This podcast is only about 6 months old and it’s already a major force to be reckoned with because of YOU.  It’s astounding how many other shows feel the need to respond to what I say, because what I teach is completely counter to the advice given by others who have a conflict of interest.  And heck, there are a lot of shows that are now rather directly ripping off my material now.  Yes, my friends, what you’re now hearing is SHOW PREP for the other shows you listen to.  Hehehehe  You know what they say… imitation is the sincerest form of flattery!  Until the cease-and-desist letter, that is.  HeheheheheBut seriously, we’re doing so well because of YOU, and I’m SO VERY GRATEFUL to you.  Nobody would care about what I have to say if YOU didn’t care about what I have to say… and so really, YOU are the hero, the person of influence, in this situation.  And I’m so grateful to you.So, I’m going to give you some great value yet again today!Here we go:It would be great if there was a bank that would issue a CD that could beat – or even equal – the long-term average of the stock market.Well, my friends, such a CD does not exist, as you know.  But something that’s BETTER actually does exist.And before I tell you about it, let’s determine what is ACTUALLY the long-term return of the stock market.  What would you guess?  A lot of people think that number is 10% or 12%.  What do you think?Well, my friends, let’s look at the actual numbers, shall we?We’ll use a period of 80 years, because that’s the average lifespan of an American citizen.  And over the last 80 years, the compounded annual growth rate for BOTH the Dow Jones Industrial Average and the S&P 500 has been in the 6% range.Surprising, isn’t it?  Much lower than you guessed, no doubt.  But the news is worse than that.  Around 6% is what the MARKET has averaged.  The results for the typical investor in stocks has been FAR WORSE.There’s a fascinating study that’s published every year called Dalbar’s Quantitative Analysis of Investor Behavior.  Sounds like a great read, doesn’t it?  Hehehehe.  Well, there is one particular piece of information in that you MUST pay attention to:The average investor who invests in stocks does NOT achieve a 6% rate of return.  Far from it.  According to Dalbar, the average 30-year annualized rate of return is a whopping 1.9%.Yes, you heard that right:  1.9%.How could that be?  The painful truth is that you and I aren’t very good at stock picking or timing.  Remember – that magical 76 number is based on the assumption that you put money in 80 years ago, and that you leave that investment alone for the entire 80 years following.  But is that reality?  No, of course not.Folks, do you remember back as recently as 2008… a year when there were 3 SEPARATE days when the entire S&P500 fell by about 9%?  It was a bloodbath.  Or do you remember back to Black Monday – October 19, 1987 – when the ENTIRE MARKET fell by more than 20% in a single day?The ugly reality is most investors revert to their baser instincts of survival mode when such things happen.  That’s the nature of the stock market.  It encourages emotion-based decisions, which leads to buying high and selling low.  And that, my dear listeners, is why even though the long-term average for the market is about 6%... the average for people like you who invest in the stock market is less than a third of that, at 1.9%.Have your results been better than that?Then pay close attention to this:My friends, there’s a concept in statistics and finance called “reversion to the mean”.  This means that anything you’re measuring tends to return to it’s long-term average over time.  If right now you’re below average, it’s likely your results will rise.  If right now you’re performing above the average, it’s quite likely your results will revert to the mean.What’s the answer?  Let’s invest in assets that have a higher average!How about, say, 7%?  That way, we beat the stock market and the average investor!So where can you get such a result?  It’s easy:  don’t look to Wall Street.  Look to Main Street.Imagine a local guy named Joe.  Joe found a piece of real estate he can buy WAY below it’s value.  I mean… WAY below it’s value… about half.  Problem is, he doesn’t have all of the money he needs.This is an opportunity for you to get a SLAM-DUNK investment.  Here’s how it works:  You make a loan to Joe.  You lend him money at 7% interest, and so that it’s easy for him to make payments, you only require interest-only payments.Joe loves it… he’s got a really low payment and now he can do his deal, but the reason this deal is safe for you is this:You will ONLY lend Joe half of the value of the property.  If the property is worth $100,000 then you’ll lend him $50,000.  If it’s worth $300,000 then you’ll lend him $150,000.Whatever the value… you’ll lend half.And then, there’s one other thing:  If Joe doesn’t keep up his payments, you get to take that house and sell it.  And the reality is you’ll likely make a WHOLE LOT MORE money from doing that if you must.  In other words, you have a Plan “A”… where you collect 7% interest… and you have a Plan “B”, where you can make FAR MORE than that, if for any reason Plan A doesn’t work!But you know what?  Joe isn’t going to miss his payments.  Because this house is such a SMOKING-GREAT deal that he wants the profit that’s built into it.And thus, you get paid 7% interest – guaranteed – every single month.  No volatility, no complication, no trouble.  It’s just simple.  It’s safe.  It’s strong.Now, you probably don’t want to do this with all of your portfolio.  But folks, most people wisely consider about 1/3 to 2/3 of their portfolio as the “conservative” portion… the part where they just can’t afford to lose money.  You’ll want to really optimize the other 1/3 for high returns, but……For that core of your portfolio… the part that matters the MOST to your financial future… isn’t it appealing to think you could BEAT the stock market… and have NO VOLATILITY and virtually NO RISK to your money?  It’s like a REALLY AWESOME Certificate of Deposit… only the rate is much higher… and it just MAKES SENSE to you why it works!But the big problem for you is finding somebody like JOE who wants to borrow money under those terms.My friends, I can help you with that.  Actually, I can make the problem go away entirely… it becomes a totally “turnkey” opportunity for you!Want to learn more?  Join me for a special webinar THIS WEEK for Self Directed Investor Radio listeners ONLY.  I’ll tell you more about the strategy – including why it’s so incredibly safe and predictable, along with very profitable – and further, I’ll show you how to get those results in a totally turnkey manner, so you never even need to understand how to find somebody like Joe or evaluate real estate or any of that stuff.  You just get to make incredibly safe loans at a 7% interest rate and forget about everything else!To get a link where you can register for this premium webinar at no cost, just text the word RESERVE to 33444.  But there is a limited number of free passes available, and to get one, just text the word RESERVE to 33444.My friends, invest wisely today… and live well forever! See acast.com/privacy for privacy and opt-out information.

On this week's show, The Wise Investor Group discuss how having a plan will help to stay on track. Additionally, they discuss DALBAR survey numbers. Join The Wise Investor Group each week as they provide current market commentary and delve into timely investment topics.

The nation's leading investor behavior study over the past 25 years, DALBAR's Quantitative Analysis of Investor Behavior Study ("QAIB"), has been analyzing investor returns since 1994 and has consistently found that the average investor earns much less than market indices would suggest.  On this episode we continue our discussion with the principal author of that study, DALBAR’s Chief Marketing Officer, Cory Clark, and explore the role investor behavior plays. Thank you very much for listening to The Symmetry Delta Podcast for Evidence Based Investing. Visit us at www.symmetrypartners.com. You can also find us on Facebook, YouTube, Twitter, or LinkedIn under Symmetry Partners, LLC. If you have any questions or would like more information – give us a call at: 800.786.3309. Symmetry Partners, LLC, is an investment adviser firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, or excluded or exempted from registration requirements. No one should assume that future performance of any specific investment, investment strategy, product or non-investment related content made reference to directly or indirectly in this material will be profitable. As with any investment strategy, there is the possibility of profitability as well as loss.  

Bobby Bryant Founder/President of iBuy Realty, CEO/President of Spencer School of Real Estate, and Best Selling Co-Author with Brian Tracey via Amazon.com with their book The Ultimate Success Guide. Originally from Mobile, Alabama Bobby is a triple degreed Educator with two Masters Degrees in Education Michel Bayan has always been focused on one thing as an entrepreneur: Making a real difference in people's lives. As EVP of Fragmob, Michel and the team are pushing the envelope and disrupting the direct selling industry with bleeding edge mobile technology proven to significantly increase the effectiveness of the industry's 92 million independent sellers Lou Harvey of DALBAR, Inc. financial community's leading independent expert for evaluating, auditing and rating business practices, customer performance, product quality and service. The mission is to simply get a better deal for clients by associating the DALBAR brand with a superior standard of care. DALBAR was incorporated in 1976 JP Van Dyke CEO and Founder of Xtreaming Live. JP has been a political consultant with JAC Consulting for almost 10 years. He owns a 12,000 line phone company direct system that has delivered over 200,000,000 robo calls, Telephone Town Halls and Telephone Polling. JP though is always striving to be part of the next technology boom. He saw live streaming as a huge opportunity years ago but felt the consumer technology just wasn't ready yet. But that technology gap is poised to burst and his company Xtreaming Live is making its case to be at the forefront. Xtreaming Live will bring together content and delivery that will be unmatched in quality and technology