Podcasts about fi why

This was an opportunity to speak with an amazingly accomplished portfolio manager and entrepreneur. Right now, the specter of interest rate volatility, market volatility and inflation risk have investors' full attention. Nancy Davis's fund, IVOL, was built on her experience dealing with these issues and has received a lot of positive recent notice. Nancy began her career at Goldman Sachs where she became the Head of Credit, Derivatives and OTC Trading. She went on to be a portfolio manager at HighBridge and taking on management responsibilities at Alliance Bernstein before taking the leap and founding her firm, QUADRATIC CAPITAL LLC in 2013. It is there that she has built a unique business around her expertise. In this episode, we talk about her background, what problems her strategies try to solve and how she does it, and the decision to structure her fund as an ETF. Outline Describe your background and what led to the founding of Quadratic- The experience at Goldman Sachs, HighBridge, Alliance Bernstein Getting back to being a Portfolio Manager and forming your own firm What Investment Issues does IVOL try to address?  Interest Rate Volatility Increased Inflation Investment expectations and market volatility; Where would IVOL normally fit in an asset allocation? Dealing with Interest Rate Volatility  Generationally low interest rates vs the Federal Reserve with its foot on the interest rates  Interest rate jumps that are big on a percentage basis but not that big in terms of actual BPS Financial industrial complex where expertise in dealing with rising interest rates is retired or dead What is the difference between interest rate volatility and equity volatility- how do you exploit this? Recent examples What is the difference between CPI and "actual inflation"? How does your strategy try to address that? The fund is made up substantially with TIPS, but also with other securities and options- Why are TIPS not fully adequate?  How does being invested in OTC rates improve upon other methods? How does the IVOL implement its investment strategy (TIPS + other options/FI)- Why is this preferable? Enhancing other allocations  Traditional Fixed Income - IVOL holds TIPs and is long-volatility, which can act as a potential diversifier to a fixed income portfolio centered on the Barclays Agg. Real Estate- IVOL may help hedge the risk of falling real estate prices brought on by rising long term interest rates. Equities- IVOL owns fixed income volatility and may act as a market hedge since volatility has historically increased during large equity sell-offs.  IVOL is potentially defensive for an equity portfolio given its use of US Treasuries. Further, its options potentially benefit from a steepening of the yield curve, which historically has often occurred during equity market declines. TIPS- IVOL owns TIPS, but they are enhanced using TIPS with options. These options function as options on inflation expectations, because the yield curve is largely a result of inflation expectations. Floating Rate Notes- IVOL has the potential to appreciate when the interest rate curve steepens and long dated inflation expectations move higher, giving investors a similar benefit to the one they are expecting from their FRN without the credit risk. Short Duration Bonds- IVOL may help hedge during bond market sell-offs should the yield curve steepen and volatility increase while providing potentially enhanced distributions. Factors that impact IVOL TIPS Bond Price- Rising prices are usually good for the fund Volatility- Rising volatility is usually good for the fund Expectations for rate cuts- Increased Expectations are usually good for the fund Long Dated Yields - Rising yields are usually good for the fund What are the couple of pieces of news that you are following intently that many investors aren't focused on?

#26: Don’t wait until you retire to start doing things you love. As you save money towards retirement, there are ways to use your incremental financial freedom to start living your ideal lifestyle now. Jessica from the Fioneers shares the concept of SlowFI, and how it allows you to utilize the financial freedom you gain along the way to live a happier and more fulfilling life now. Jessica also shares how she is on a 10-year timeline to financial independence (FI) even though she and her husband both work in the nonprofit sector and live in a high cost of living area.  In this episode, we talk about: How to make sure you enjoy the process of achieving FI Why you don’t have to work a job you hate to retire early How working less can actually SAVE you money Going part-time without extending your timeline to FI Why you should pursue meaningful work now If you want to learn how to start living your ideal life on the journey to financial independence, take a listen to this episode. If you enjoy it, please subscribe and share with a friend. Also, leave us a rating and review on Apple Podcasts, I’d really appreciate it. Want a refresher on the basics of Financial Independence, Retire Early? Listen to Episode 5.  Listen to the full guide to Lifestyle Design in Episode 7. Jessica is a previous podcast guest, who shared how to manage stress during a crisis in Episode 15.  Today’s sponsor is one-on-one coaching with Becky Blake from twentyfree.co and host of this podcast. As a money coach and lifestyle design expert, Becky helps people reach their biggest money goals, like paying off debt, building up savings and using their money to create their ideal life. She provides the proven tools to improve your finances, and accountability to make sure you take the action

What does your scarcity mindset look like? Today Gwen interviews JD Roth live at FinCon! JD started blogging over 20 years ago, and started his personal finance blog in 2005. He explains what growing up poor taught him about money and how he manages his temptations nowadays. You'll love how real his story is. We also chat about... How JD discovered FI Why buying an old house and repairing it is expensive How he controls his spending habits His scarcity mindset and what it means for him Enjoy this chat with JD Roth, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode JD's blog: Get Rich Slowly Paula Pant's blog: Afford Anything Financial Independence subreddit Key takeaways from our chat with JD Roth 1 - Rent is the ceiling, the mortgage is the floor Both Gwen and JD agree that fixing up an old house can be very expensive and can be a never ending hole in your pocket. After repairing the house, JD then wanted a hot tub and a nice deck, which meant even more expenses he hadn't planned for. So as Gwen says, the good thing about rent is that it stays the same every month and won't go higher (hopefully), whereas a mortgage is the minimum you'll spend, and can easily increase. Keep this in mind next time you plan on buying a house! 2 - If you had a spending problem as a young adult... JD tells us how he grew up poor and had some crazy spending habits when he started earning money. Gwen had the same issue growing up, which explains why she bought so much 'stuff' once she had money. This is the scarcity mindset that a lot of people who grow up poor deal with. JD explains it as some kind of 'FOMO' (Fear Of Missing Out); he's scared that he might need the thing in the future, so he buys it just in case. Gwen describes it as a big fear of being poor again. After quitting her job, the lack of income caused some stress and worry as it brought her back to her 'dark days' of poverty. This goes to show how your money situation at a young age can deeply affect how you deal with money as an adult. 3 - How to avoid temptation JD loves spending money on comics and videogames, and so has to control himself to make sure he doesn't overspend. He does this through avoidance. To make sure he isn't tempted, he simply stays away from comic book stores and videogames - he doesn't even check the subreddit anymore! By managing the triggers and reducing exposure, JD is able to control better his spending. Go JD! Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.

095 | The author of the Military Dollar joins Brad and Jonathan to discuss the various ways that service members can optimize their finances and choose financial independence, including retirement plans, financial planning, health care benefits and the GI Bill.   Working in the military can set someone up to retire after 20 years with a pension and the ability to pursue whatever interests them. Why do many young members of the military actually have financial problems? Has Military Dollar ever seen any specific education for new servicemen? How could a young person change his/her mindset to make more frugal choices and pursue FI? Why did Military Dollar decide to pursue financial independence? How did she get started? What was MD’s savings rate early on? How has MD set herself up to potentially retire by 41? What was the moment that changed MD’s mindset and approach toward finances? How do most military members approach debt? What does the optimized path to FI look like in 2018. What’s the difference between the old Legacy Retirement and new Blended Retirement System? What advantages does the Blended Retirement System have for people who don’t stay in the military for 20 years or more? What is the biggest difference between the enlisted and the officer’s route to FI? How can people plan for and understand relatively predictable promotions and pay raises? If someone starts young and doesn’t increase their lifestyle spending, getting to a 50% savings rate is very possible. Within the military retirement system, what investment options are available? Active duty health care = free for you and your family. How does the GI Bill work, and how does that help with college expenses? The GI Bill can be passed onto family members, but does include a service commitment. If the GI Bill is used by a service member’s children, or after separating from the military, there is a housing allowance available. GI Bill will cover all tuition and fees as an in-state student for public universities. GI Bill will cover approximately $22k for private universities. What is the Yellow Ribbon program, and how does it help cover the difference? What is the minimum time of service to qualify for the GI Bill? What’s next for the MD whenever she retires from the military? How does MD balance her commitment to the military with her interest in serving her community? How will MD know when it’s time to retire? For more information, visit the show notes at https://ChooseFI.com/095

059 | Vincent Pugliese shares his journey to reaching FI after changing his mindset towards life and starting a business. This episode covers: Vincent’s backstory How he changed his thought process How his resilience got him opportunities The journey of starting his business The importance of patience and persistence How he reached FI Why he homeschools his kids and what he teaches them ——————-   Thank you for being a part of the ChooseFI community! 

058 | A roundtable discussion with two CFPs, Kyle Mast and Danny Kenny, on what financial planning looks like in practice, the importance of talking to a CFP and managing different types of risk. On today’s episode we cover:   Roundtable Q&A with two Certified Financial Planners Kyle and Danny’s backstory How they learned about FI Why you should use the services of a CFP How they act as an educator and therapist between spouses What financial planning looks like in practice The different CFP models Why everyone should talk to a CFP How to find a CFP Why it is important that your CFP is a fiduciary and how to make sure The changes with the new tax bill The steps between the accumulation and drawdown phase Biggest mistakes clients make How to get both spouses on the same page The importance of keeping records How to deal with people who panic Risk management outside of investments Why it’s worth getting long term disability insurance When should someone consider index funds Importance of mixing US and international investments Hotseat questions   Links from the show: CPF Board Napfa XY Planning Network Becoming Minimalist The Secret to Achieving your Dreams Danny’s info LinkedIn SBSB Company Kyle’s info Clarity Financial Letters to Randon ——————- Thank you for being a part of the ChooseFI community! 

052R | We review Monday’s episode featuring Todd Tresidder discussing the different ways to reach FI through different asset classes, goals for 2018 and how to invest in yourself to create a happier life. What we cover: Recap of Monday’s episode with Todd: our most commented podcast How Todd makes us rethink FI and the way his mind works Why things are not as simple as the FI community make it out to be What other assets there are apart from index funds The 2 ways of getting into the entrepreneur game How FI is not a lottery ticket, the work to be put in. Why starting a business does not mean reaching FI How to choose which asset class is your path to FI How Brad’s bad experience in real estate makes him nervous about starting again 2018 goals: taking the next step with real estate The importance of not being dogmatic and broadening horizons Feedback from Trent on real estate, stocks and bonds How real estate can be a good plan for retirement Big Ern’s thoughts on Monday’s episode Active asset allocation: can it work for FI? Why investing in yourself will always make you win Christian’s voicemail on his 2018 goals The 80/20 analysis: why reaching level 2 understanding doesn’t have to be necessary How we’re now learning more about FI with our audience, not just teaching A voicemail from Jason about his big change: FIPE (Financial Independence Partial Retirement) iTunes review and book giveaway   Links from the show:   Monday’s episode: FIRE State of the Union Coach Carson’s episode: House Hacking Guide Mr Money Mustache Millennial Money Man Coach Carson’s new investing course: Real Estate Start School Sign up to our email list to send feedback Big Ern’s website: Early Retirement Now The Choose FI t-shirts Subscribe on iTunes ------------------- Thank you for being a part of the ChooseFI community!  :) If you want to support us, here are some easy ways: 1) Leave an iTunes review: http://www.choosefi.com/itunes 2) Use our page to sign up for travel credit cards Note: We may receive a commission if you are approved for cards on this page 3) Most importantly, find your friends, coworkers, and family members who may be open to this message and tell them about the podcast! (Episode 21 is a great starting place) As Jonathan would say, "The FIRE is spreading my friends!"

On today’s episode of the Financial Independence Podcast, I interview my wife, Jill! It took a lot of persuading to get her on the show but I’m glad she agreed because her perspective is very different from mine so it was interesting to hear her thoughts on financial independence, early retirement, and this unconventional life we lead! Highlights: When my wife found out I was a weirdo with money My lowest point as a cheapskate Why Jill and I kept our finances separate The importance of figuring out your perfect life How to get your spouse on board with FI Why you should start small when trying new things What I do that annoys my wife most