Podcasts about financial dictionary

What does it take to think clearly and stay rational in a world full of financial noise?   This episode features part two of a rare conversation with Jason Zweig, acclaimed financial journalist and author of Your Money & Your Brain. From behind-the-scenes wisdom gleaned from Warren Buffett and Charlie Munger to the psychology driving your financial decisions, Jason delivers invaluable insights that will reshape how you think about investing.   Listen now and learn:   Lessons from legendary investors and their surprising strategies How cognitive biases and dopamine affect your financial decisions Why creating investing rules is key to long-term success The future of finance: from indexing to cryptocurrency   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions. TIMESTAMPS:   [00:30] Jason Zweig's Unplanned Path to Financial Journalism [04:06] Pivotal Advice: “Don't Get Anyone's Blood on Your Hands” [07:31] Learning from Industry Giants: Wisdom from Buffett, Munger, and Others [11:10] Daniel Kahneman's Work on Cognitive Illusions [15:20] Neuroeconomics: A Window (and a Mirror) into Investor Behavior [19:14] The Brain on a Hot Streak: Dopamine and Anticipation [24:10] Laughing at Wall Street: Creating The Devil's Financial Dictionary [29:08] Questioning the Future of Finance [34:13] A Lesson from the Antiques Market: Not Everything Always Holds Value [39:05] Price Feels Like Proof: The Trap of Anchoring on Success [41:18] What Excites Jason Zweig About the Future of Investing

In today's episode, William Green chats with Jason Zweig about his updated & revised edition of Benjamin Graham's The Intelligent Investor, which Warren Buffett describes as “by far the best book on investing ever written.” Jason, who also writes the Wall Street Journal's Intelligent Investor column, explains why Graham's classic book still holds vitally important lessons for today's investors. He also shares what he's learned from interviewing Buffett & Charlie Munger. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 03:33 - How Jason Zweig tackled the “honor & burden” of revising The Intelligent Investor. 11:06 - How Ben Graham's 4 core principles can help you to invest intelligently. 25:24 - What a sudden plunge in Japanese stocks shows about the craziness of markets. 27:56 - What Jason views as the most important paragraph ever written about investing. 32:42 - How Warren Buffett & Bill Miller profit from being “inversely” emotional. 33:57 - How regular investors can win by tuning out Wall Street's propaganda.  39:15 - Why you must decide if you're an “enterprising” or “defensive” investor. 44:40 - Why maintaining a “margin of safety” matters more than anything. 48:40 - Why Jason believes index funds should form the base of your portfolio. 52:52 -Why it's so hard to pick the tiny minority of “superstocks.” 1:00:21 - What dooms the vast majority of fund managers to underperform. 1:14:33 - How Graham's most successful investment violated his own principles. 1:33:01 - What life lessons Jason learned from Graham, Buffett, & Charlie Munger. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Jason Zweig's website. Benjamin Graham's The Intelligent Investor, revised and updated by Jason Zweig. Jason Zweig's book on neuroeconomics, Your Money and Your Brain. Jason Zweig's satirical survival guide to Wall Street, The Devil's Financial Dictionary. William Green's previous podcast episode with Jason Zweig | YouTube Video. William Green's podcast episode with Christopher Begg | YouTube Video. William Green's podcast episode with Peter Keefe | YouTube Video. William Green's book, “Richer, Wiser, Happier” – read the reviews. Follow William Green on X. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River 7-Eleven Toyota Connect Invest Bluehost TastyTrade Miro American Express The Bitcoin Way ReMarkable Fundrise Facet Onramp SimpleMining Vanta Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Jason Zweig is a well-known personal finance journalist, author, and a long-time friend of the Bogleheads.   Jason became a columnist for The Wall Street Journal in 2008, and before that, he was a senior writer for Money magazine and a guest columnist for Time magazine and Cnn.com. From 1987 to 1995, Jason was the mutual funds editor at Forbes. Earlier, he had been a reporter-researcher for the Economy & Business section of Time and an editorial assistant at Africa Report, a bimonthly journal.   Jason is the author of several books, Your Money and Your Brain, The Devil's Financial Dictionary, The Little Book of Safe Money, and the editor of two revised editions of Benjamin Graham's classic text The Intelligent Investor, which is discussed in this podcast.     The Bogleheads on Investing podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki.    Since 2000, the Bogleheads' have held national conferences in major cities nationwide. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added regularly. All Bogleheads activities are coordinated by volunteers who contribute their time and talent.     This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.  

“Forecasting: the attempt to predict the unknowable by measuring the irrelevant; this task employs most people on Wall Street.” The words of Jason Zweig, author of the Devil's Financial Dictionary, are partly true of many so-called investment experts. We hear a lot from financial forecasters every January, as strategists prognosticate on what's in store for markets for the year ahead, even though decades of research confirms the prediction game is a pretty fruitless one. Often economists get it wrong but when they get it right consistently, in a world that is so volatile after Covid, its worth stopping to acknowledge the achievement. And so it is with Bureau of Economic Research Chief Economist, Hugo Pienaar, who received the South African Economist of the Year award for his forecasts in 2021. Entrants for the award submit monthly forecasts on 8 economic variables and the winner is the economist whose forecasts were consistently closest to the actual figures. Michael Avery talks to Hugo Pienaar, Chief Economist: Bureau of Economic Research

IN THIS EPISODE, YOU'LL LEARN:00:02:27 - What Jason Zweig learned from his father, the wisest person he's ever known.00:20:31 - Why investors shouldn't trust what brokers and financial advisers are selling them.00:36:34 - How success is shaped by weird moments of random chance as well as skill.00:38:54 - What Warren Buffett said when Jason asked him, “Do you think you're a genius?”00:59:41 - Why Benjamin Graham was obsessed with the overwhelming importance of survival.01:15:13 - Why investors need rules, policies, and procedures to drive their decision-making.01:25:59 - Why investing is, above all, a head game in which the secret of success is self-control.01:28:57 - What Jason learned while working with Nobel Prize-winning genius Daniel Kahneman.01:37:26 - Why investors should be optimistic, humble, and intensely wary of overconfidence.01:43:18 - How Jason thinks about the perils and promise of disruptive technologies like Bitcoin.01:52:49 - How money can (and cannot) buy you happiness.01:57:58 - Why he's inspired by the simple motto “I did the best I could.”*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Benjamin Graham's The Intelligent Investor, revised and updated by Jason Zweig.Jason Zweig's book on neuroeconomics, Your Money and Your Brain.Jason Zweig's satirical survival guide to Wall Street, The Devil's Financial Dictionary.Jason Zweig's website.William Green's book, “Richer, Wiser, Happier” – read the reviews of this bookWilliam Green interviews Joel Greenblatt on RWH003: How to Win The Investing Game.William Green interviews Howard Marks on RWH002: Investing Wisely In An Uncertain World.William Green interviews Tony Robbins on RWH001: The Life Force Revolution.William Green interviews Ray Dalio on WSB410: The Changing World Order.Find Pros & Fair Pricing for Any Home Project for Free with Angi.Invest in the $1.7 trillion art market with Masterworks.io. Use promo code WSB to skip the waitlist.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.If you're a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.Find joy in comfort with Faherty. Use promo code WSB to snag 20% off all your new spring staples!Every 28 seconds an entrepreneur makes their first sale on Shopify. Access powerful tools to help you find customers, drive sales, and manage your day-to-day. Start a FREE fourteen-day trial right now!Get access to some of the most sought-after real estate in the U.S. with Crowdstreet.Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Take advantage of a free mortgage review and learn about custom loans that can save you big money with American Financing.The interval fund, a breakthrough innovation. Only at Mackenzie.Get the most from your bitcoin while holding your own keys with Unchained Capital. Begin the concierge onboarding process on their site. At the checkout, get $50 off with the promo code FUNDAMENTALS.Live local in Melbourne and enjoy $0 Stamp Duty*!Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Gain the skills you need to move your career a level up when you enroll in a Swinburne Online Business Degree. Search Swinburne Online today.Design is already in your hands with Canva. Start designing for free today.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Let's step into the classroom again to cover some financial buzzwords. Are these important to know? What are they? How do they impact you? We'll answer those questions and more as we always look to educate you a little bit on the show. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Our guest today is Jason Zweig. Jason has been a Columnist for the Wall Street Journal (WSJ) since 2008, writing the Intelligent Investor Column. Jason is on a short list of people globally that advocate for individual investors on a weekly basis and is somebody that embodies the spirit of The Investors First Podcast (putting investors first). Before joining the WSJ, Jason held positions with Money Magazine (Senior Writer) and Forbes (Mutual Funds Editor), while also serving as a guest columnist for Time magazine and cnn.com. He is author of Your Money and Your Brain, is editor of the revised edition of Benjamin Graham's The Intelligent Investor and his most recent book is The Devil's Financial Dictionary. In today's episode, we start with Jason's beginnings on a farm in upstate New York. We then compare traders vs. investors and discuss the gamification of investing, time on device (TOD; a term casinos often use as a measure of success), and the boredom market hypothesis (BMH; doing nothing). Jason then discusses how we can improve as an investor emotionally, the lone thing we can often control. We later discuss why investors don't incorporate human capital in their investment portfolio, demand for ESG, the importance of writing in plain English for investors, and the illusion of “conflict-free” financial advice. Last, we cover heroes in investing and the financial literacy industrial complex. Our hosts today are Steve Curley, CFA and Chris Cannon, CFA. Please enjoy the episode. Follow the CFA Society of Orlando on Twitter and LinkedIn.   We invite you to join CFA Society Orlando on February 23rd for our 2022 Annual Forecast Dinner. our dinner's featured speaker, Dr. David Kelly, CFA, Chief Global Strategist and Head of Global Market Insights Strategy Team with J.P. Morgan Asset Management. Please note, you do not need to be a CFA charterholder or be a member of the society to attend. To learn more, click here. 

Welcome to episode 43 of the Money and Investing Show. A space all about managing money and kickstarting you into the world of investing and finance.A series of bite sized episodes designed to simplify and equip you with the tools on how to get started along with some tips and tricks for those already investing.The goal of this show is to make investing more accessible to everyone, Introducing investing concepts and breaking down some of the jargon, common misconceptions and myths involved in stopping people from starting on their own journeyTodays episode covers:- Revenue - Gross Profit- Net Profit- EBITDA / EBIT- Earnings Per Share (EPS)- Price Earnings Ratio (PE)- Free Cash Flow- Lagging Indicators Throughout this series we hope you can find some key take aways to either; help you get started or polish your existing skillsLinks from Todays show:Music By:Ikson - https://soundcloud.com/ikson or https://youtube.com/ikson Questions or feedback: info@captialmediagrp.com ** Disclaimer**Please remember the information and opinions provided in this podcast is general advice only and does not constitute financial advice. This podcast was created without knowing individuals needs, financial situations or investment objectives. The hosts of this show may hold positions in the companies discussed. Before considering any investment please read the product disclosure statement and consider speaking to a liscenced financial professional

Welcome to episode 42 of the Money and Investing Show. A space all about managing money and kickstarting you into the world of investing and finance.A series of bite sized episodes designed to simplify and equip you with the tools on how to get started along with some tips and tricks for those already investing.The goal of this show is to make investing more accessible to everyone, Introducing investing concepts and breaking down some of the jargon, common misconceptions and myths involved in stopping people from starting on their own journeyTodays episode covers:- Finance Terminology - Bull Markets- Bear Markets- Long or Short- Leverage - Margin Calls- Volatility- Futures Contracts- Derivatives - Beta- Alpha Throughout this series we hope you can find some key take aways to either; help you get started or polish your existing skillsLinks from Todays show:https://www.shortman.com.au/ Music By:Ikson - https://soundcloud.com/ikson or https://youtube.com/ikson Questions or feedback: info@captialmediagrp.com ** Disclaimer**Please remember the information and opinions provided in this podcast is general advice only and does not constitute financial advice. This podcast was created without knowing individuals needs, financial situations or investment objectives. The hosts of this show may hold positions in the companies discussed. Before considering any investment please read the product disclosure statement and consider speaking to a liscenced financial professional

惡魔財經辭典 devil‘s financial dictionary#1 https://youtu.be/0QoEYk75wSs 期權（Option），是一種選擇權，指是一種能在未來某特定時間以特定價格買入或賣出一定數量的某種特定商品的權利。 它是在期貨的基礎上產生的一種金融工具，給予買方（或持有者）購買或出售標的資產(underlying asset)的權利。 BBC, NY Times, Match (詞組搭配) 每月開班！ 請私訊林威老師 lineID: linwayet 各位同學好，我是林威老師， 英文教學已達27年 講解BBC 884篇文章(4年)， 經濟學人2220篇文章 (9年) 花了三年的時間整理的終極片語， 豐富的例句中英對照 本書前面有53個重要的字根， 以及字首字尾整理 本書本的最後還整理了 兩個動詞make和take的慣用語的比較 只要購買字根200回影片講解 (雲端分享)，贈送本書, 歡迎點選demo影片 ! 
…..
我有個商品要賣『林威老師親編終極片語+影片講解200個字根』，售價$6,000！快到我的店鋪看看吧！ https://shopee.tw/product/18811006/6072162816?smtt=0.18812342-1609723528.4

Podcast: The Long View (LS 55 · TOP 0.5% what is this?)Episode: Jason Zweig: Temperament Is Everything for Most InvestorsPub date: 2021-06-29Our guest on the podcast this week is The Wall Street Journal columnist and author Jason Zweig. Jason became a personal finance columnist for The Wall Street Journal in 2008. His weekly column, “The Intelligent Investor,” is a must-read for people inside and outside of the investment industry. Jason is also the editor of the revised edition of Benjamin Graham's The Intelligent Investor. And he is the author of Your Money and Your Brain, which explores the neuroscience of investing. He also wrote the Devil's Financial Dictionary, which is a satirical glossary of Wall Street. BackgroundBioJason's twitter handle: @jasonzweigwsjYour Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich The Devil's Financial DictionaryIntelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel Life and Fate by Vasily GrossmanPalace Walk: The Cairo Trilogy by Naguib MahfouzThe Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan HouselMatt Levine, Bloomberg Opinion ColumnistJesse Livermore, Philosophical EconomicsNick Maggiulli, Ritholtz Wealth ManagementMichael Batnick, Ritholtz Wealth ManagementBen Carlson, Ritholtz Wealth ManagementJoe Weisenthal, BloombergTracy Alloway, BloombergRobin Wigglesworth, Financial TimesResearch Institute: Credit Suisse Global Investment Returns, Yearbook 2021 Summary Edition Georgarakos, D. & Pasini, G. 2011. “Trust, Sociability and Stock Market Participation,” Review of Finance, Vol. 15, No. 4, P. 693. Thinking, Fast and Slow by Daniel Kahneman“Investment Policy and the Competent Stranger,” speech by Charles D. Ellis, empireclub.org, April 7, 1988.Feynman, R.P. 1974.“Cargo Cult Science,” Engineering and Science.BogleheadsInvesting“Stock Market 101: Teaching the Wrong Lessons?” by Jason Zweig, Jasonzweig.com, May 8, 2015.“How to Keep Your Cool When Markets Are Sizzling,” by Jason Zweig, wsj.com, April 23, 2021.“Why You Shouldn't Buy Bitcoin When You're Hungry,” by Jason Zweig, wsj.com, May 21, 2021. “You Can't Invest Without Trading. You Can Trade Without Investing,” by Jason Zweig, wsj.com, June 18, 2021.“Robinhood Trader's Battle Cry: ‘It's All Just a Game to Me,' " by Jason Zweig, wsj.com, March 26, 2021. “Jason Hsu: China Is ‘the Last Great Remaining Alpha Reservoir,' " The Long View Podcast, morningstar.com, April 20, 2021.ETFs and Index Funds“The Stock Got Crushed. Then the ETFs Had to Sell,” by Jason Zweig, Jasonzweig.com, Jan. 31, 2020.“The Story Behind the Market's Hottest Funds,” by Jason Zweig, wsj.com, Jan. 15, 2021.“ETFs: What They Are and How They Can Fit Into Your Investment Portfolio,” by Jason Zweig, wsj.com, May 20, 2021.Retirement“Jason Zweig's Proposal to Scrap 401(k)s,” by John Rekanthaler, Morningstar.com, Feb. 26, 2019.“Wishful Thinking in a World Without Yield,” by Jason Zweig, wsj.com, June 18, 2021. “The Safe, High-Return Trade Hiding in Plain Sight,” by Jason Zweig, wsj.com, May 28, 2021.“The Funds That Make You Buy Low and Sell High,” by Jason Zweig, wsj.com, Aug. 30, 2019.Financial Advice“The Intelligent Investor: Saving Investors From Themselves,” by Jason Zweig, wsj.com, July 1, 2013.“The First Line of Investing Defense? You,” by Jason Zweig, wsj.com, March 8, 2019.“Looking for a Financial Planner? The Go-To Website Often Omits Red Flags,” by Jason Zweig and Andrea Fuller, wsj.com, July 30, 2019.“Financial Advisor Fee Trends and the Fee Compression Mirage,” by Michael Kitces, kitces.com, Feb. 8, 2021. “Want to Get Rich Quick? Who Can Stop You?” by Jason Zweig, wsj.com, May 7, 2021.The podcast and artwork embedded on this page are from Morningstar, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: The Long View (LS 52 · TOP 0.5% what is this?)Episode: Jason Zweig: Temperament Is Everything for Most InvestorsPub date: 2021-06-29Our guest on the podcast this week is The Wall Street Journal columnist and author Jason Zweig. Jason became a personal finance columnist for The Wall Street Journal in 2008. His weekly column, “The Intelligent Investor,” is a must-read for people inside and outside of the investment industry. Jason is also the editor of the revised edition of Benjamin Graham's The Intelligent Investor. And he is the author of Your Money and Your Brain, which explores the neuroscience of investing. He also wrote the Devil's Financial Dictionary, which is a satirical glossary of Wall Street. BackgroundBioJason's twitter handle: @jasonzweigwsjYour Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich The Devil's Financial DictionaryIntelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel Life and Fate by Vasily GrossmanPalace Walk: The Cairo Trilogy by Naguib MahfouzThe Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan HouselMatt Levine, Bloomberg Opinion ColumnistJesse Livermore, Philosophical EconomicsNick Maggiulli, Ritholtz Wealth ManagementMichael Batnick, Ritholtz Wealth ManagementBen Carlson, Ritholtz Wealth ManagementJoe Weisenthal, BloombergTracy Alloway, BloombergRobin Wigglesworth, Financial TimesResearch Institute: Credit Suisse Global Investment Returns, Yearbook 2021 Summary Edition Georgarakos, D. & Pasini, G. 2011. “Trust, Sociability and Stock Market Participation,” Review of Finance, Vol. 15, No. 4, P. 693. Thinking, Fast and Slow by Daniel Kahneman“Investment Policy and the Competent Stranger,” speech by Charles D. Ellis, empireclub.org, April 7, 1988.Feynman, R.P. 1974.“Cargo Cult Science,” Engineering and Science.BogleheadsInvesting“Stock Market 101: Teaching the Wrong Lessons?” by Jason Zweig, Jasonzweig.com, May 8, 2015.“How to Keep Your Cool When Markets Are Sizzling,” by Jason Zweig, wsj.com, April 23, 2021.“Why You Shouldn't Buy Bitcoin When You're Hungry,” by Jason Zweig, wsj.com, May 21, 2021. “You Can't Invest Without Trading. You Can Trade Without Investing,” by Jason Zweig, wsj.com, June 18, 2021.“Robinhood Trader's Battle Cry: ‘It's All Just a Game to Me,' " by Jason Zweig, wsj.com, March 26, 2021. “Jason Hsu: China Is ‘the Last Great Remaining Alpha Reservoir,' " The Long View Podcast, morningstar.com, April 20, 2021.ETFs and Index Funds“The Stock Got Crushed. Then the ETFs Had to Sell,” by Jason Zweig, Jasonzweig.com, Jan. 31, 2020.“The Story Behind the Market's Hottest Funds,” by Jason Zweig, wsj.com, Jan. 15, 2021.“ETFs: What They Are and How They Can Fit Into Your Investment Portfolio,” by Jason Zweig, wsj.com, May 20, 2021.Retirement“Jason Zweig's Proposal to Scrap 401(k)s,” by John Rekanthaler, Morningstar.com, Feb. 26, 2019.“Wishful Thinking in a World Without Yield,” by Jason Zweig, wsj.com, June 18, 2021. “The Safe, High-Return Trade Hiding in Plain Sight,” by Jason Zweig, wsj.com, May 28, 2021.“The Funds That Make You Buy Low and Sell High,” by Jason Zweig, wsj.com, Aug. 30, 2019.Financial Advice“The Intelligent Investor: Saving Investors From Themselves,” by Jason Zweig, wsj.com, July 1, 2013.“The First Line of Investing Defense? You,” by Jason Zweig, wsj.com, March 8, 2019.“Looking for a Financial Planner? The Go-To Website Often Omits Red Flags,” by Jason Zweig and Andrea Fuller, wsj.com, July 30, 2019.“Financial Advisor Fee Trends and the Fee Compression Mirage,” by Michael Kitces, kitces.com, Feb. 8, 2021. “Want to Get Rich Quick? Who Can Stop You?” by Jason Zweig, wsj.com, May 7, 2021.The podcast and artwork embedded on this page are from Morningstar, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Our guest on the podcast this week is The Wall Street Journal columnist and author Jason Zweig. Jason became a personal finance columnist for The Wall Street Journal in 2008. His weekly column, “The Intelligent Investor,” is a must-read for people inside and outside of the investment industry. Jason is also the editor of the revised edition of Benjamin Graham's The Intelligent Investor. And he is the author of Your Money and Your Brain, which explores the neuroscience of investing. He also wrote the Devil's Financial Dictionary, which is a satirical glossary of Wall Street. BackgroundBioJason's twitter handle: @jasonzweigwsjYour Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich The Devil's Financial DictionaryIntelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel Life and Fate by Vasily GrossmanPalace Walk: The Cairo Trilogy by Naguib MahfouzThe Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan HouselMatt Levine, Bloomberg Opinion ColumnistJesse Livermore, Philosophical EconomicsNick Maggiulli, Ritholtz Wealth ManagementMichael Batnick, Ritholtz Wealth ManagementBen Carlson, Ritholtz Wealth ManagementJoe Weisenthal, BloombergTracy Alloway, BloombergRobin Wigglesworth, Financial TimesResearch Institute: Credit Suisse Global Investment Returns, Yearbook 2021 Summary Edition Georgarakos, D. & Pasini, G. 2011. “Trust, Sociability and Stock Market Participation,” Review of Finance, Vol. 15, No. 4, P. 693. Thinking, Fast and Slow by Daniel Kahneman“Investment Policy and the Competent Stranger,” speech by Charles D. Ellis, empireclub.org, April 7, 1988.Feynman, R.P. 1974.“Cargo Cult Science,” Engineering and Science.BogleheadsInvesting“Stock Market 101: Teaching the Wrong Lessons?” by Jason Zweig, Jasonzweig.com, May 8, 2015.“How to Keep Your Cool When Markets Are Sizzling,” by Jason Zweig, wsj.com, April 23, 2021.“Why You Shouldn't Buy Bitcoin When You're Hungry,” by Jason Zweig, wsj.com, May 21, 2021. “You Can't Invest Without Trading. You Can Trade Without Investing,” by Jason Zweig, wsj.com, June 18, 2021.“Robinhood Trader's Battle Cry: ‘It's All Just a Game to Me,' " by Jason Zweig, wsj.com, March 26, 2021. “Jason Hsu: China Is ‘the Last Great Remaining Alpha Reservoir,' " The Long View Podcast, morningstar.com, April 20, 2021.ETFs and Index Funds“The Stock Got Crushed. Then the ETFs Had to Sell,” by Jason Zweig, Jasonzweig.com, Jan. 31, 2020.“The Story Behind the Market's Hottest Funds,” by Jason Zweig, wsj.com, Jan. 15, 2021.“ETFs: What They Are and How They Can Fit Into Your Investment Portfolio,” by Jason Zweig, wsj.com, May 20, 2021.Retirement“Jason Zweig's Proposal to Scrap 401(k)s,” by John Rekanthaler, Morningstar.com, Feb. 26, 2019.“Wishful Thinking in a World Without Yield,” by Jason Zweig, wsj.com, June 18, 2021. “The Safe, High-Return Trade Hiding in Plain Sight,” by Jason Zweig, wsj.com, May 28, 2021.“The Funds That Make You Buy Low and Sell High,” by Jason Zweig, wsj.com, Aug. 30, 2019.Financial Advice“The Intelligent Investor: Saving Investors From Themselves,” by Jason Zweig, wsj.com, July 1, 2013.“The First Line of Investing Defense? You,” by Jason Zweig, wsj.com, March 8, 2019.“Looking for a Financial Planner? The Go-To Website Often Omits Red Flags,” by Jason Zweig and Andrea Fuller, wsj.com, July 30, 2019.“Financial Advisor Fee Trends and the Fee Compression Mirage,” by Michael Kitces, kitces.com, Feb. 8, 2021. “Want to Get Rich Quick? Who Can Stop You?” by Jason Zweig, wsj.com, May 7, 2021.

Ready to learn some financial terms? David unpacks four financial terms and how they may relate to your financial plan.   Read more and get additional financial resources here: https://coveryourassetskc.com/ep-124-4-terms-from-the-financial-dictionary/    What we discuss on this episode:  1:59 - What is overbought in the stock market? 6:16 - What is P/E ratio? 12:11 - What is a quitclaim deed? 14:33 - What is regressive tax? 

Let’s step into the classroom again to cover some financial buzzwords. Are these important to know? What are they? How do they impact you? We’ll answer those questions and more as we always look to educate you a little bit on the show. Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ Show Notes:  1:16 - Getting To Know: Favorite Restaurant? 3:07 - Main Topic: The Financial Dictionary 3:19 - The Go-Go Years  4:55 - The High-Yield Bond/Junk Bond 7:08 - Index Fund 9:36 - Mailbag: Erin Asks About Financial Advisors Who Works Exclusively With High Net Worth Clients

The financial world is certainly full of terms and jargon that most people don't understand. So we take time on this episode to discuss a few "key" terms we all hear and what they could mean for you and your plan. Show Notes: Retirement Rescue TOOLKIT: https://bit.ly/36RIDs3 Website: http://carolinaretirementresources.com/ Phone: 800-646-5996

Let’s step into the classroom again to cover some financial buzzwords. Are these important to know? What are they? How do they impact you? We’ll answer those questions and more as we always look to educate you a little bit on the show. Important Links Website: http://www.yourplanningpros.com Call: 844-707-7381 ----more---- Transcript Of Today's Show: Speaker 1: Hey, everybody. Welcome into Plan With The Tax Man with Tony Mauro. And welcome to October. This is our October edition of the podcast. We appreciate your time as always, as we talk investing, finance, and retirement with Tony. And this week on the docket, the financial dictionary, and maybe a couple emails if we have time. What is up, my friend? How are you?   Tony Mauro: I am good. Thank you. Just got back from a little vacation.   Speaker 1: Well, how'd it go with the crazy 2020? Okay?   Tony Mauro: Not too bad. Not too bad.   Speaker 1: Hey, that's that's pretty good in this year. I'll take not too bad.   Tony Mauro: I'll tell you it. It's so weird. And I traveled earlier this year out to Vail to visit my son. And it's weird not to see all the business travelers, and people are just kind of stepping back in, but the travel industry is definitely still hurting, so.   Speaker 1: Altered and strange.   Tony Mauro: Ooh, yeah.   Speaker 1: Yeah, for sure. Well, good. I'm glad you had a good time, a little mini or a little vacation there and enjoyed yourself a little getaway. That's always a good thing. And we are into October. So I don't know a lot of people are definitely fans of the fall, fans of the pumpkin spice and all those things that come in the fall along with Halloween and things of that nature. So if you're a fan of that, enjoy yourself as we get started this month. But for today, let's talk about the financial dictionary. Let's step into the classroom, so to speak and just cover some buzzwords. Are these things important to know? We'll let Tony tell us what are they? How might they impact us? Things like that. So, what is well, an EA, an enrolled agent, which is one of the things you are?   Tony Mauro: That is one of the things that I am. Near and dear to my heart and what an enrolled agent is, it kind of sounds weird because... I wish they would have came up with a better name than that sounds like some kind of CIA [crosstalk 00:01:45]   Speaker 1: Well, there you go. It's got a cool feel to it.   Tony Mauro: Yeah. But an enrolled agent is a tax specialist that is enrolled to practice before the US treasury in all 50 States. So it's a federal licensure and unlike the CPA, which is state driven, most people equate CPAs with accounting. EAs basically, I mean, we do accounting and payroll as well, but the EAs more are equated with tax specialists. That's really what we thrive on and what not in that area. So we not only help people with their tax returns and trying to tax plan and whatnot, but we also, at least with us, help people with IRS tax problems which is, we don't really talk about that too much, but there are a lot of people out there that have gotten for whatever reason, a little sideways with the IRS or their states, and they need help because they're not two of the most helpful agencies to work with.   Tony Mauro: And so trying to get them a little bit of peace of mind there and trying to get them back on track is something that a lot of our enrolled agents work in. It's kind of a little specialty niche there, but we want to, if you're looking somebody to help you with your taxes, that you're not doing them yourself or whatnot, you want to look for a CPA or an EA or some somebody like that rather than just Tom Smith is possibly doing them out of his garage, because they're not required to follow any type of rules, they're not held to high ethical standards things like that. And so it's important there, but [crosstalk 00:03:24] that's kind of it in a nutshell.   Speaker 1: That's an EA. Okay. And you've been in the industry now for 23 plus years. You're also, and it's not on our list, but we'll just do it real fast. You're also a CFP and a lot of people hear that and most of us might know what that is, but what's a CFP?   Tony Mauro: A CFP has done a better job of marketing. The [crosstalk 00:03:43].   Speaker 1: That's a good way of putting it. Yeah.   Tony Mauro: Yeah. And of course the King is the AICPA with the CPA because you ask anybody, everybody knows what a CPA is. But a CFP is a certified financial planner. So, again, it's a person that has gone through some rigorous, I would say is an understatement training, and of course exam and to earn that designation in the area of the six major points of a person's financial life or financial planning. And so again, someone that's held to a pretty high ethical standard we're supposed to follow the fiduciary rule and always put the client's interests first, a lot of people don't realize that they just think everybody's does that. It's not really the case.   Speaker 1: Which is kind of silly, right? It's one of those things where you think, why do we need a law to tell us not to whatever, and it's it's common sense then why do we need something to tell us we should be ethical, but yet we do, so.   Tony Mauro: Yeah, we do. And we still have problems. But the certified financial planner, really, most of the people in the profession are planners of some sorts. And are helping people through the various stages of their life and their personal financial plans.   Speaker 1: Well, and as you mentioned, it's quite rigorous as well. So typically a lot of folks, if you're working with somebody who is a CFP, they have definitely some might say gone the extra mile to get all those certifications and get all that extra education and training in there. So that's something that certainly, that some people really look for, so.   Tony Mauro: They really do. And the last thing on that and they're all great from, but having the designations for so long, I think what a lot of people don't realize is because these different governing bodies, what they impose upon us is the continuing ed requirements. That we're kind of subjected to now, obviously we enjoy what we do, and most of that is pretty good, but they also make you really stay current because stuff's changing so fast in, in both of those areas. If you're not doing that, then really you're giving your clients a disservice.   Speaker 1: No, absolutely. That's a great point. And unfortunately it is what it is, but a lot of times it's not like our government sometimes makes rules that make sense, and you've still got to learn them and you still got to work with them right? Within the parameter. So, and of course doing a lot of taxes and things of that nature, you are certainly well versed in some of the things, the goofy things that the government does from a rule standpoint, from time to time. All right. So, that's those two. So let's get into some other things, estate tax. I think most people can kind of figure this out, but they don't often understand what it really is, and how it might affect them.   Tony Mauro: They really don't. And we get a lot of tax clients asking well "When I die, I know I'm going to have to pay estate tax." And they're a little confused on it. This is a very technical area, but what it is, is it's a tax really designed for the government to kind of get their hands on the wealth of the truly wealthy these days. The estate tax threshold is very high right now. It's like 11 million and some change per person. So effectively when you're married, you basically have a $22 million exemption, meaning that if you're not worth more than that, you don't pay any estate tax. And you get out [crosstalk 00:07:01]   Speaker 1: Well, I'm safe, then.   Tony Mauro: It's weird because it used to be, in my lifetime it used to be weighed down around a million then two million, and then 5 million now it has gone up, but you look at some of the very wealthy in this country and you point out some big names and whatnot Warren Buffet, Bill Gates the list goes on and on. Those guys certainly have to plan, but even people, though even on the coasts that are making some money and even here in the Heartland some farmers with the way land has gone up over the years, there could be some big farms that potentially could have some estate tax due when they die, and it's very progressive. It gets up all at the 55% very quickly.   Tony Mauro: And so people with potential state tax issues need to definitely plan not only with the accountant, but with the state tax attorneys to make sure that you're not losing half your wealth to estate taxes for your heirs, if you have those kinds of issues. But for most of us, it doesn't really come into play the most average Joe's and even, I mean 22 million net worth is quite large.   Speaker 1: Oh yeah. Definitely.   Tony Mauro: ...by Midwestern standards. But it's something that it buzzes around and you never know that they could drop these things back down to some other levels to try to capture more.   Speaker 1: Yeah. And there's conversation [crosstalk 00:08:25] about that as well.   Tony Mauro: Exactly, the government's in trouble. In this virus days, you know that they're spending money. I think I just saw a stat last month. What was it? A national summit about the national debt is bigger than the economy now or something.   Speaker 1: Yeah, [crosstalk 00:08:40] it's pretty hefty. So yeah, there's lots of conversation, lots of things out there we see and hear on a regular about different ways they may be coming after different kinds of taxes and things of that nature. Of course, we've got the election coming up and just a couple of days over a month now from the time that we were doing this here. So, there's been conversation there, one side is may raise taxes. The other side may keep it the same. Who knows? Right. So won't know till it happens, but lots of stuff on the horizon. But anyway, for now, let's continue on with our financial dictionary. Support and resistance. This is something it's definitely a buzzword that I think we try to hear in a lot of avenues of customer service, but in this arena, what is support and resistance?   Tony Mauro: Well in this arena and people probably see it more today than they used to because there's so much on the news, especially if you turn on MSNBC or CNN, especially when the market is going, you see all these charts flying up in these colors and things like that. But this is a technical term, again, basically in an area of finance called technical analysis, that the technicians always... Their premonition was, that we can predict how the market's going, by the way that things behave. In other words, the way that the market's kind of go up and down and they plot lines and they do all this. So, in their world, the support line is kind of like a bottom line that a stock or bond might be trading that it doesn't break through. It kind of bounces around between its support at the bottom and it's resistance at the top.   Tony Mauro: And as they break through one of these, usually when it breaks through on the downside, on the support line, the technical people think, "Well, then that's a sign that this stock is probably going to drop further", and same way on the upside. Once it breaks through it keeps going up and they always point to these historical patterns. I never have been a huge believer in it, but in all my years, I've never spent enough time really trying to understand the way lines going to me that again, is trying to predict things that I have no control over. And I'm more of a planner that I know where we need to be over the longterm, and that's generally inequities.   Tony Mauro: And these little micro things I think more are for trying to maybe make money in the short term, which I don't advocate, but there are a lot of people out there trying it and there might be some even doing it, but I'm not a big believer in that, but that's kind of a buzzword. So, if you see it on one of the new shows, you can kind of follow along with the lines and at least have an idea of what it is.   Speaker 1: Right. Gotcha. And That's kind of why we're doing this because we do hear a lot of these terms and different words and things. Sometimes we maybe have a grasp on them, sometimes we don't. And then misinformation, obviously, it was rampant also in 2020. So we can certainly easily go down the wrong path if we're not checking it out. So, let's take a look at a couple of things or one more here, at least for sure. Maybe we can squeeze in another one, but JTWROS? What in the world is that?   Tony Mauro: So, this is a fancy acronym for joint tenants with rights of survivorship. All right. So generally that's a titling issue in property or in certain cases, investment accounts and whatnot. And what that means is that if you titled something like that, you are a joint tenant. And if you and I have something that we own together with this designation, that means if I die, it automatically comes to you with rights of survivorship. If you survive me and it doesn't have to pass through my will. So it's a good thing to have if you understand what it means. And that's your intention.   Tony Mauro: That way I don't have to include that in my will. And I know that the person that I've designated that's on this account with me, it goes right to them. But if you kind of just willy nilly, go into something like that and you get something titled like that, and that wasn't your intent. Then you need, again, talk to your accountant or your attorney and make sure that stuff is titled properly because when you start talking legal stuff, title, and all that, you're usually talking about stuff that matters, which is either larger investment accounts, retirement accounts, property, things like that. You want to make sure that what happens is what you intended to happen.   Speaker 1: Yeah, definitely. Yeah, because there's so many things out there that's for sure. And I'd definitely say if you hear a buzzword or if there's something you keep seeing kind of on repeat and you're not sure what it is, or you're being told about it specifically as it relates to your situation and not just maybe seeing it on the telly or something like that? I don't know why I went British all of a sudden and said telly, but either way, if you've seen something like that, always check with a qualified professional, reach out to Tony and his team, call them and say, "Hey, someone's talking to me about this. What is this buzzword, or whatever the case is." And that could be a lot of things. Sometimes people get confused and there's multiple kinds of annuities and they get all those kinds of jumbled together. Speaker 1: So there's so many buzzwords in any industry. It's always a good idea to have those conversations with someone who has a lot of experience in the coast, as we said earlier in the show, Tony is an EA, and a CFP with 23 plus years of experience. So just call him at (844) 707-7381. You can also stop by yourplanningpro's.com. There's a lot of good tools, tips, and resources there. You can subscribe and find the podcast as well. You can also just search out Plan With The Tax Man on whatever app you're using. But if you're at yourplanningpro's.com also send us an email. We'll be happy to try that, tackle those on the show from time to time. And we're going to do that right now. I'm going to switch gears, and see what Jake's got for you. He said, Tony, I'm getting a big tax refund this year, obviously with the delayed filings and everything. And actually I have for the last several years. So it is nice to get that refund, but am I better off just to keep more money throughout the year?   Tony Mauro: Yes. And from a tax perspective, we get this every year. And it's funny because most of our clients our tax clients that is generally receive refunds and they're happy with that because unfortunately they use it kind of as a forced savings. And that's the only way they can save. Now from the financial planning world, that's probably not the best way to save because the old adage is you're giving the government an interest free loan. And back in the day, when you could put it in a savings account and get five, seven, 8% on it it made a lot of sense not to let them do that, but in today's world with savings interest rates so low it kind of just depends on personal preference. I mean, some people just want that money.   Tony Mauro: They use it for vacations and to pay off their Christmas spending and whatnot. And that's okay, it's all your money. It's not magic here, and I think every year we have to remind some clients, this is still your money here. Do you want it a little bit in little chunks throughout the year? And they all say "No, because I can't save it. It just gets eaten up. I don't know where it went, and I'd rather have it now", others are more savvy saying, "No way. I'm not letting the government hold any more than I have to. I want to pay my fair share [crosstalk 00:15:42] I want my money."   Speaker 1: That's always how I heard it. I would have people say stuff like, "I'll tell you what, why don't you give me the money? I'll hold it for you, and then I'll give it back to you at the end of the year with no interest", that's what the government's doing, right?   Tony Mauro: That's what government's doing. Yeah. And when you put it like that to people if I did that with our many tax clients, well I could have a lot, and that's what they do. I can have a lot of money I could use for you, now with the caveat is I got to give it back. [crosstalk 00:16:10].   Speaker 1: ...to give it all back. Right. Yeah, sure.   Tony Mauro: If I go spend it. But the government is a unique position, because they go spend it as you know, and they spend more than they take in, but then they have the magic wand where they can of course print money [crosstalk 00:16:22].   Speaker 1: ...and send it back [crosstalk 00:16:23]   Speaker 1: Well, let me, let me ask you this, Tony. I was kind of always told, as an EA, tell me where you stand on this. I was always told to shoot for zero. Like the idea is you don't want to have to pay too much and you don't want to have to get back too much because if you do that means you're working your tax equation out correctly. And that's kind of like the ultimate goal is to shoot for as close to zero as possible.   Tony Mauro: Close to zero as possible. We go one more for the people that really want to do that because we say, look, if we can get you plus, or minus $500 around that zero mark, we have done really well. So, yeah, if you're okay with something happened and okay, I owe $400 here, no big deal, or a, we missed on the other side and you get back 400, you know that you're maximizing the money in your pocket, and making sure that you don't have a huge surprise at the end of the year, because the government wants its share and you got to pay it or you get behind the eight ball there. [crosstalk 00:17:25]   Speaker 1: That's how I was always told. So, yeah, same kind of thing. You say zero, but right. It's that like within a 500 bucks or so, because something that won't be too catastrophic either way, right?   Tony Mauro: No, exactly. And that's the way I feel. I don't like to let the government, I'll give you an example here, too, of the government, hold, in fact, it's going on right now with my brother, second year in a row. So, in 2018 he did not get his refund, and they owed him about 4,500 bucks. Okay. And they kept telling him that his W2 was wrong. This was the Feds. And we did not get this straightened out until November of 19. So he was supposed to get his refund back in April of 19. Didn't get it until November. Well, luckily he didn't necessarily need that money, but it kind of got to a point where like, "Wait a minute, this is my money. I didn't make a mistake here."   Speaker 1: And he didn't get any penalties and interest, had it been the other way.   Tony Mauro: Oh yeah. But the other way penalties, interest. So he had to finally get me involved and we had to contact the taxpayer advocate. The advocate agreed, said, "Let this guy have his money. You guys made a mistake", meaning the IRS, and they released his refund. So, if you were depending on that money and then you didn't get it like that, you're at the whim of a huge, huge organization that has a lot of bureaucracy, a lot of inefficiencies, why go through all that? And it happened just here in 19. So he filed this 2019 taxes here in March of 20. Still doesn't have his refund and we're fighting with the IRS again. We're going to have to go to the taxpayer advocate again.   Speaker 1: It sounds like he's stuck in sonar or some sort of rabbit hole there.   Tony Mauro: [inaudible 00:19:04] ...it's not an audit. It's just that they can't figure out why his withholding doesn't appear correct. And now what he's done though for 2020 is saying, all right, that's it, I'm not letting them hold my money anymore because I'm not going to have to fight with them and go through the aggravation just to get it. And so that's... And then same way with Iowa here, a couple of years ago, Iowa said, "Well, we're a little short, we're not going to issue refunds till April", basically when they had money coming in from estimates, and so I just have something, and I'm not knocking the government, don't get me wrong [crosstalk 00:19:35].   Speaker 1: ...it's a huge, huge entity, and there's definitely going to be some just mess in something that large.   Tony Mauro: So, I mean, what happens when you're, depending on your two, $3,000 refund to go on spring break vacation, something like what I just said happens. And then you can't go [crosstalk 00:19:51]   Speaker 1: ...fix your AC unit or.   Tony Mauro: Yeah. That's not good. I mean, you're eventually going to get your money, but then you just really get mad, and it's [crosstalk 00:19:59].   Speaker 1: Oh yeah, and again, to the point I had earlier, I think that's where people get really annoyed too. It's the same kind of thing with, and for any doctors out there listening, no offense, but it's the same thing kind of thing when it's like, if you happen to not call and tell them, sometimes you'll get hit with a charge for for missing your appointment. But yet we can go sit there for sometimes an hour or two hours past our appointment time. And yet we don't get any kind of recompense on that same thing with the government. It's frustrating when you're like, "Wait a minute, how can you hold onto my money for five months and not pay me anything extra? But if I owed you some money for five months, man, you'd certainly be after it."   Tony Mauro: Oh, they'd be after you. I'd get letters, probably some threatening letters [crosstalk 00:20:38]   Speaker 1: ...it's so funny about that. I sent something in one time and we were off like by, I don't know, $4 or something. And so you get the letter for $4. You send them the $4 and by the time they get it, they've already sent you another one saying that the $4 was late, and now you owe like a dollar 75. And so you said the dollar 75 and the same thing by the time you get it, it's down to like 40 cents. I'm like, "Oh, are you kidding me?"   Tony Mauro: Yeah, no, it is. And we always recommend getting everything paid. Don't don't send checks anymore. Let's let's pay it EFT. So it's, boom, it's right there [crosstalk 00:21:08] because even in today's world, right now, what's happening with COVID is people's money. Their tax clients call and say, "Well, I sent a check, it's not cashed. Hasn't been for three months." So, they forget that IRS has been [crosstalk 00:21:20]   Speaker 1: Now, that has not been the problem for me. So I do my [crosstalk 00:21:23] quarterly estimates, no, they actually were on it. They used to be actually slower. I sent my quarterly estimates in this year, as you mentioned, some of those earlier, and I wrote them on Monday. They were cashed by Thursday. Oh, that's good. I was surprised actually, because within three days, I was like, "Okay, well I guess that's going good." Or they're like, "We need the money to give it here."   Tony Mauro: That's right.   Speaker 1: All right. Well, there you go, folks. So, that's our financial dictionary conversation this week. You're on the podcast. Thank you so much as always for tuning into the show. We certainly appreciate it. And if you haven't done so yet, please consider giving us a subscribe on whatever platform you choose. Apple, Google, Spotify, maybe this was sent out to you in an email blast or something from Tony or whatever the case might be if you haven't done. So we'd certainly appreciate it. Just type in Plan With The Tax Man in whatever app you like using, or go to yourplanningpros.com. Again, that's yourplanningpros.com. You can find a wealth of information there as well. And of course, if you have any questions, always reach out first (844) 707-7381. And I will talk to you in a couple of weeks or probably just shortly before Halloween. So, you have yourself a good October and I will catch you soon.   Tony Mauro: All right. Sounds good. Take care.   Speaker 1: We'll see you next time folks right here on Plan With The Tax Man with Tony Mauro.

There are a number of financial terms that are not commonly used elsewhere that sometimes cause confusion. This week we open the “financial dictionary” to discuss what some of these terms mean and help to put them in context. As you listen in, you may want to take note of these terms and determine how they may apply to you. If you'd like to talk with Glenn about your plans, it's easy to schedule some time with him. He's available for in person or virtual meetings. Simply give us a call at (336) 291-3535 or visit ScheduleSomeTime.com to get on his calendar. Remember to click the “Share” button to share our podcast with friends, family and colleagues.

Step into the classroom and let’s take a look at some financial terms, define them, and find out if they’re important for the typical investor and saver to know about them. Important Links: Website: CPWeldeGroup.com Call: 610-388-7705

Step into the classroom and let’s take a look at some financial terms, define them, and find out if they’re important for the typical investor and saver to know about them. Show Notes:  3:06 - Main Topic: Financial Dictionary  3:35 - Accelerated Death Benefit  4:21 - AGI  5:28 - Fundamental Analysis 6:09 - Margin Account  7:11 - High Yield/Junk Bonds  9:31 - Sammantha Asks, “Should I Let The Kids Know About Our Plans To Leave An Inheritance?”  11:25 - What”s Buggin’ Charles?   

Step into the classroom and let’s take a look at some financial terms, define them, and find out if they’re important for the typical investor and saver to know about them. Show Links & Info: SPC Investing: http://spcinvesting.com/ Schedule A Visit: https://talkstomike.com/ Call: 336-668-4338

The Coronavirus and other economic forces have caused the stock market to crater and experience some wild ups and downs the past few weeks. It has a lot of investors feeling emotional and worried about their retirement plans. Barbara and Phil will give their opinions on the down market and the advice they are currently giving their clients. We will also break down what a backdoor Roth IRA is and discuss the differences between active and passive management styles. Important Links: Pathfinder Wealth Management: http://pathfinderadvisory.com/ Contact: http://pathfinderadvisory.com/contact/

FRANK DE SAXCÉ was born in Moultrie, Georgia in the USA and spent the first three years of his life in the US before moving to France where he received a French education ending with his Baccalauréat in Economics which he received in 1975. He then came back to the States and took an M.B.A or Master’s in Business Administration at NYU; he became a New York Certified Public Accountant, an Auditor and finally a Tax Specialist with Price Waterhouse in New York City in 1980. In 1981-82, he was transferred to the Price Waterhouse correspondent office in Paris where he managed expatriate tax returns and miscellaneous audits in France. Since 1983, Frank De Saxcé has been a self-employed auditor and tax consultant and has taught Accounting and Finance. In 1987 and 2007, he edited a bilingual Accounting, Tax and Financial Dictionary and became a finance lawyer in Paris in 1994-1995. In 2009, he first wrote ‘The Last of the Esso Workers’ under the pseudonym of ‘Basil Sadexec,’ an interesting book and it is why I brought him on the show today. In 2013, he formerly retired from his business and law practice but still consults on a part-time basis

FRANK DE SAXCÉ was born in Moultrie, Georgia in the USA and spent the first three years of his life in the US before moving to France where he received a French education ending with his Baccalauréat in Economics which he received in 1975. He then came back to the States and took an M.B.A or Master’s in Business Administration at NYU; he became a New York Certified Public Accountant, an Auditor and finally a Tax Specialist with Price Waterhouse in New York City in 1980. In 1981-82, he was transferred to the Price Waterhouse correspondent office in Paris where he managed expatriate tax returns and miscellaneous audits in France. Since 1983, Frank De Saxcé has been a self-employed auditor and tax consultant and has taught Accounting and Finance. In 1987 and 2007, he edited a bilingual Accounting, Tax and Financial Dictionary and became a finance lawyer in Paris in 1994-1995. In 2009, he first wrote ‘The Last of the Esso Workers’ under the pseudonym of ‘Basil Sadexec,’ an interesting book and it is why I brought him on the show today. In 2013, he formerly retired from his business and law practice but still consults on a part-time basis

Do you ever feel financial advisors speaks a different language? Many clients feel their advisors throw around financial terminology that creates more confusion than clarity. Financial planners use mnemonics and acronyms since they are a great way to remember things. But the shorthand can be confusing to those that are unfamiliar with them. According to Investopedia, there are around 1900 financial acronyms, and more being created daily. Join us on this episode as we decode 10 of the most common to give you a head start in the next meeting with your advisor. Do you let FOMO direct your investment decisions? FAANG and FOMO go hand in hand. FAANG refers to the hot tech stocks like Apple, Netflix, and Google. This acronym is reminiscent of the late 90's tech stock boom when there were only 5 or 6 tech stocks that were sustaining the entire market. FOMO (the fear of missing out) leaves you feeling like you are getting left behind if a decent portion of your portfolio is not invested in these stocks. This is where it's important to recognize how your emotions are influencing your investing decisions. History shows us the slippery slope letting your emotions drive your investing can be. How BPS is just as important as GPS BPS is how a mutual fund expense ratio or financial advisor's fee is often quoted. BPS simply stands for Basis Points, the number of decimals after a whole number. For example, 50 BPS is 0.50%. Understanding the total annual cost of your investing strategies can help you more accurately compare the value you are getting from your investment strategy or financial planning relationship. In the third slot is the CAPE ratio. This is an acronym for the Cyclically Adjusted Price Earnings ratio, a popular measure to help judge whether the stock market is cheap or expensive according to historical averages. A highly correlated long-term indicator of future returns, the CAPE ratio continues to be a good measure for understanding the stage of the market cycle. Are you part of the FIRE generation? FIRE is a newer movement, developing more over the last 10-15 years. It stands for Financially Independent, Retire Early. Many people are looking for the flexibility to work less or retire earlier in life. Folks that attempt to drastically limit spending or save considerably may be trying to achieve FIRE. Given the gravity of these decisions and the length of low to little expected income, it's most important to understand the risks. This is where evaluating your full financial picture with annual cash flow comparisons and tax planning opportunities can add extra benefits at the margins. Should you do a QCD from your RMD or use your DAF? Does your financial advisor speak like this? Do you just nod your head and play along? Understanding these terms could shave your tax burden considerably if used correctly. QCD, DAF, and RMD are important acronyms for the charitably inclined which can also lower your annual tax burdens. RMD is the Required Minimum Distribution that you are required to take at age 70 ½ each year. QCD is the Qualified Charitable Distribution if you are over the age of 70 ½ which sends a percentage of the RMD directly to charity, therefore, reducing your taxable income. Listen to this episode to hear all 10 financial acronyms decoded (plus a few bonus ones) to be fully engaged at the next meeting with your financial advisor. Outline of This Episode [1:27] Acronyms are a great way to remember things [5:17] FAANG [6:21] FOMO [7:40] CAPE [8:51] BPS [9:56] FIRE [12:10] RMD [13:58] QCD [14:38] DAF [15:52] NAPFA [17:48] ACH [19:39] REIT [20:44] ETF Resources & People Mentioned 12 Steps to Your Financial Health blog post Listen to Episode 59 to learn more about DAF BOOK - The Devil’s Financial Dictionary by Jason Zweig Connect With Chad and Mike https://www.financialsymmetry.com/podcast-archive/ Connect on Twitter @csmithraleigh@TeamFSINC Follow Financial Symmetry on Facebook Subscribe To This Podcast Apple Podcasts Stitcher Google Play

On This Episode You'll Discover: - The easy FINANCIAL LINGO to help simplify and clarify retirement. - The 6 key phrases that should be part of your financial dictionary. Resources In Today's Episode: - Schedule Your Complimentary On The Money 5-Step Retirement Review by calling 1.800.245.0546 - Check out our website: Group 10 Financial/ - Follow us on Facebook - Follow us on Twitter Disclaimer

If you don’t know the name Jason Zweig, as a listener of the Better Off podcast, chances are you know his work. The “Intelligent Investor” column that you read every Saturday in the Wall Street Journal...yep, that’s his awesome work. I’ve been a fan of Jason’s for a long time, so it’s a no brainer that he’s on one of the early episodes of “Better Off.” And let me just say, it was no easy get! We, and when I say we I really mean Mark, the best producer in the world, have been going back and forth with Jason since last October trying to nail down a date. Was it worth it? Let’s just say that when we do interviews, Mark and I are acutely aware of how long they’re running. We try to keep them 30 minutes or less. Well, Jason was so good we kept him for nearly an hour. His knowledge and insight of the financial industry is so wide and deep that we decided that we needed to feature him in back-to-back episodes, a “Better Off” first! In part two of this interview we cover the decreasing cost of investing and why it may eventually cost the customer absolutely nothing, the role of brokers as the industry continues to evolve, and finally, what encourages Jason about the future of the financial services industry. If you like Jason’s column, you should also check out his books. His latest work, The Devil’s Financial Dictionary, skewers the plutocrats and bureaucrats who gave us exploding mortgages, freakish risks, and banks that are too big to fail. It also distills the complexities, absurdities, and pomposities of Wall Street into plain truths and aphorisms anyone can understand. “Better Off” is sponsored by Betterment. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/.

If you don’t know the name Jason Zweig, as a listener of the Better Off podcast, chances are you know his work. The “Intelligent Investor” column that you read every Saturday in the Wall Street Journal...yep, that’s his awesome work. I’ve been a fan of Jason’s for a long time, so it’s a no brainer that he’s on one of the early episodes of “Better Off.” And let me just say, it was no easy get! We, and when I say we I really mean Mark, the best producer in the world, have been going back and forth with Jason since last October trying to nail down a date. Was it worth it? Let’s just say that when we do interviews, Mark and I are acutely aware of how long they’re running. We try to keep them 30 minutes or less. Well, Jason was so good we kept him for nearly an hour. His knowledge and insight of the financial industry is so wide and deep that we decided that we needed to feature him in back-to-back episodes, a “Better Off” first! In part one of the interview we cover the power of index funds, the importance of having rules in your financial life, the beauty of passive investing and the importance of technology and humans working together. We also talk about the evil F-word (fiduciary) and why such a simple concept of putting clients first, is such a controversial issue for a conflict-ridden industry. If you like Jason’s column, you should also check out his books. His latest work, The Devil’s Financial Dictionary, skewers the plutocrats and bureaucrats who gave us exploding mortgages, freakish risks, and banks that are too big to fail. It also distills the complexities, absurdities, and pomposities of Wall Street into plain truths and aphorisms anyone can understand. “Better Off” is sponsored by Betterment. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

In this episode, Patrick and Jason Zweig reflect on investing, financial advice, books, and life in general. The method for living discussed in the last 30 minutes will be useful for everyone. Jason is the Intelligent Investor columnist for the Wall Street Journal and author of several books including his latest “The Devil’s Financial Dictionary.”  His insights and advice are the results a life of critical thinking, reading, writing, humility, and curiosity.  I think you are going to get a lot from this in-depth conversation.   Enjoy!   For comprehensive show notes on this episode go to investorfieldguide.com/zweig/ For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

Jason Zweig of the Wall Street Journal and author of The Devil's Financial Dictionary talks with EconTalk host Russ Roberts about finance, financial journalism and Zweig's new book. Zweig discusses rationality and the investor's challenge of self-restraint, the repetitive nature of financial journalism, and the financial crisis of 2008.

Jason Zweig is an investing columnist at The Wall Street Journal and editor of Benjamin Graham’s The Intelligent Investor. He's also author of Your Money and Your Brain (2007), on the neuroscience and psychology of financial decision-making, and The Devil’s Financial Dictionary (2015), a satirical glossary of Wall Street jargon. 1. The entire book was written with tongue in cheek and there are some hilarious definitions. What inspired you to write a book of this nature? 2. I enjoyed the entry on the term “panic” and how it related in multiple ways to the Greek god Pan. Can you explain the multiple parallels that exist? 3. I like to imagine two intersecting continuums for intelligent investing. On one of them is a “be the casino” approach most like Joel Greenblatt vs. a highly concentrated, individual company research like how Charlie Munger ran his fund. On the second continuum you have an all-weather, always-invested-and-rebalancing approach most like Ray Dalio vs. a fear-and-greed, holding-cash-for-opportunities-approach of Seth Klarman. In which quadrant would you find yourself drawn to or at least want your money managed?                                             [All Weather]                                                       ↑                             [Be the casino] ← → [Concentration]                                                       ↓                                           [Opportunistic]   4. I found it surprising to be reminded how much of the terminology of Wall Street is derived from gambling parlance. “Making a bet,” “blue chip,” etc. Do you believe that the markets are like large casinos or do they actually serve to allocate resources to worthy enterprises? 5. What is the one quality people should work hardest to cultivate in order to succeed as investors?

Finally: veteran investing columnist Jason Zweig of the WSJ agrees to come on Full Disclosure. He talks about the markets, his career, Wall Street's rampant bullshattery and his handy little book, The Devil's Financial Dictionary. We're @FullDRadio on Twitter and Facebook.com/FullDRadio ...

TOPICS COVERED: Guest Introduction: Jason Zweig; Jason’s Definitions; Fiduciary Advising; Psychology, Neuroscience and Investing?; The Insight into Index Funds; Limiting Yourself to Domestic Investments

WSJ columnist Jason Zweig and I tackle important topics like how to be a smarter investor, filtering out noise, why philosophy and history matters, and his new book, The Devil’s Financial Dictionary. GO PREMIUM: Support the podcast, get ad-free episodes, transcripts, and so much more: https://fs.blog/knowledge-project-premium/