Podcasts about morningstar

When people think about preparing for retirement, they usually think about saving. But the real challenge? Making sure your money lasts as long as you do. Morningstar's Christine Benz joins us for a conversation about the smartest ways to prepare for retirement and make sure your money goes the distance.  This episode is part of our new, monthly retirement-focused series, brought to you by LIMRA. With practical tips and real-world conversations, these episodes will give you the tools to help you feel more confident about what comes next. In this episode, Jean and Christine break down: Why there's no one-size-fits-all retirement plan How to shift from a saving to a spending mindset in retirement The biggest retirement blind spots – and why they're more challenging for women The steps you can take today to feel less overwhelmed about retirement planning

Ep 312: A young woman takes a deal to downgrade a drug sentence, but instead of freeing her, it cost her everything This is the Rachel Morningstar Hoffman story. Sources for Today's Episode: ABC News Medium.com Naples Daily News The New Yorker The Tampa Tribune Tallahassee Democrat Sponsors: (thanks for using our promo codes, it really does help the show!) Chewy - Chewy has everything you need to keep your pet happy and healthy. And right now you can save $20 on your first order and get free shipping by going to Chewpanions.chewy.com/womenandcrimepodcast Minimum purchase required. New customers only. Terms and conditions apply. See site for complete details. OneSkin - Born from over 10 years of longevity research, OneSkin's OS-01 Peptide™ is proven to target the cells that cause the visible signs of aging, helping you unlock your healthiest skin now and as you age. And for a limited time, OneSkin is making it even easier to stay consistent with 15% off when you use code WAC at oneskin.co/WAC. After you purchase, they'll ask where you heard about them. PLEASE support our show and tell them we sent you. Credits: Written and Hosted by Amy Shlosberg and Meghan Sacks Produced by James Varga Audio Editor, Jose Alfonzo Script Editor, Abagail Belcastro Music by Dessert Media Get Even More Women&Crime Episodes: Patreon - Ad-free shows starting at $2 a month, or upgrade for $5 a month to get a new extra episode every month, as well as exclusive virtual HappyHours with Meg & Amy. Check-out other tiers for perks such as lectures, true crime book club, and more! Visit our Patreon page for more info: https://www.patreon.com/womenandcrime Apple Subscriptions - Exclusive episodes and ad-free regular stories are now available through Apple's podcast app for only $4.99 a month, or save with an annual membership. YouTube Memberships - Exclusive episode available on YouTube for only $4.99 a month. https://www.youtube.com/@WomenandCrime/membership Help is Available: If you or someone you know is in a crisis situation, or a victim of domestic, or other violence, there are many organizations that can offer support or help you in your specific situation. For direct links to these organizations please visit https://womenandcrimepodcast.com/resources/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Our guests on the podcast today are Cody Garrett and Sean Mullaney. They're both advice-only financial planners, and they're the co-authors of a new book called Tax Planning To and Through Early Retirement. Cody is a certified financial planner and the founder of Measure Twice Money, where he helped DIY investors make informed decisions aligned with their values. He also leads Measure Twice Planners, which is an educational community for financial planners. Sean Mullaney is a certified public accountant and head of Mullaney Financial & Tax. He also writes the blog, FITaxGuy.com, which is focused on the intersection between financial independence and taxes.BackgroundSean MullaneyCody GarrettMeasure Twice MoneyMeasure Twice FinancialMeasure Twice PlannersMullaney Financial & TaxFITaxGuy.comTax Planning and Early RetirementTax Planning To and Through Early Retirement, by Cody Garrett and Sean Mullaney“The Backdoor Roth IRA After an Excess Contribution to a Roth IRA,” Sean Mullaney, FITaxGuy.com, Dec 16, 2025“Why I Don't Worry Much About Sequence of Returns Risk,” Sean Mullaney, FITaxGuy.com, Jun 10, 2025“The Tax Planning World Has Changed,” by Sean Mullaney, FITaxGuy.com, Sep. 22, 2025“Bogleheads on Investing® with Cody Garrett, CFP®, and Sean Mullaney, CPA on tax planning to and through retirement: Episode 89″ by Bogleheads on Investing® podcast, BogleCenter.net, Dec. 7, 2025“Managing Taxes in Retirement with Sean Mullaney,” by the White Coat Investor Podcast, WhiteCoatInvestor.com, Nov 20, 2025.Die With Zero: Getting All You Can from Your Money and Your Life―A Revolutionary Approach to Maximizing Life Experiences Over Accumulating Wealth, by Bill Perkins“Reframing Risk In Retirement As “Over- And Under-Spending” To Better Communicate Decisions To Clients, And Finding “Best Guess” Spending Level,” by Michael Kitces, Kitces.com, Apr. 24 2024.More on Early Retirement and FIRE“My Baptism by FIRE: Lessons on Financial Independence,” by Christine Benz, Morningstar.com, May 29, 2025.“Aiming to ‘Die with Zero'? Here Are the Implications for Portfolio Construction and Retirement Spending,” by Jess Bebel, Morningstar.com, Apri. 6, 2025"Derek Tharp: An Alternative Approach to Calculating In-Retirement Withdrawals," The Long View podcast, Morningstar.com, Feb. 21, 2023 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Karl Ove Knausgaard is the author of the novel The School of Night, the fourth book in his acclaimed Morning Star series. Available from Penguin Press. Translated from the Norwegian by Martin Aitken. Knausgaard's first novel, Out of the World, was the first ever debut novel to win the Norwegian Critics' Prize, and his second, A Time for Everything, was longlisted for the 2010 International Dublin Literary Award. The My Struggle cycle of novels has been heralded as a masterpiece wherever it has appeared. His work is published in thirty-five languages.Martin Aitken's translations of Scandinavian literature number some thirty-five books. His work has appeared on the shortlists of the 2017 International Dublin Literary Award and the 2018 U.S. National Book Award, as well as the 2021 International Booker Prize. He received the PEN America Translation Prize in 2019. *** ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Otherppl with Brad Listi⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ is a weekly podcast featuring in-depth interviews with today's leading writers. This episode is sponsored by Ulysses. Go to ⁠ulys.app/writeabook⁠ to download Ulysses, and use the code OTHERPPL at checkout to get 25% off the first year of your yearly subscription. Available where podcasts are available: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Apple Podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Spotify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, etc. Get ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠How to Write a Novel,⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ the debut audio course from DeepDive. 50+ hours of never-before-heard insight, inspiration, and instruction from dozens of today's most celebrated contemporary authors. Subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Brad's email newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Support the show on Patreon⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Merch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Bluesky⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Email the show: letters [at] otherppl [dot] com The podcast is a ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠proud affiliate partner of Bookshop⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, working to support local, independent bookstores. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode we answer emails from Gregory and Isaiah.  We discuss whether tail-hedged ETFs belong in a retirement portfolio, then map out a cleaner path with Treasuries as recession insurance, a value tilt for equity resilience. We also discuss the problems with relying on voices from popular personal finance unless they are well supported by professional and academic teachings, and the importance of the four quadrant model in understanding correlations and diversification.  We also a practical taxonomy for classifying holdings.And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.Additional Links:Father McKenna Center Donation Page:  Donate - Father McKenna CenterLinks Page at Risk Parity Radio:  Links | Risk Parity RadioAnalysis of Tail Risk ETFs:  testfol.io/analysis?s=jCSSoT7bFReBob Elliot Macro Masterclass:  Bob Elliott, Unlimited Funds – A Macro MasterclassBob Elliot on Excess Returns:  Understanding Economic Cycles | Bob ElliottBob Elliot on The Compound:  The Blue Chips of Junk | TCAF 175Portfolio Tracker:  GitHub - danbuchal/portfolio-tracker: Portfolio Tracker: Track your investments and asset allocationBreathless Unedited AI-Bot Summary:Looking for protection without sacrificing long-term returns? We dig into a donor's question about using tail-hedged ETFs like SPD and SPYC for early retirement and explain why constant hedging tends to bleed performance. The core idea is simple: prioritize assets with positive expected returns that also diversify when it matters. That's where long-term Treasuries serve as recession insurance and why picking the right time horizon for correlation analysis changes everything.From there, we zoom out to the four-quadrant framework—growth and inflation as the axes that drive correlations. Stocks thrive in positive growth with moderate inflation, Treasuries support you in weak growth and disinflation, and assets like gold and managed futures help when inflation shifts. If passive flows are reshaping markets, the practical antidote isn't a new product; it's a value tilt on the equity side. History shows value, especially small-cap value, is a reliable counterweight when growth-heavy indexes crack.We also share a clear, DIY method to audit and classify your holdings ahead of retirement. Start with growth vs value as your primary lens, use size as a secondary tilt, and treat international exposure as tertiary since currency swings drive much of the variance. Tools like Morningstar and Portfolio Tracker make it easy to roll up accounts, view factor exposure, and keep your targets on track. Finally, we walk through our sample portfolios and a crisp market snapshot—gold's strength, steady REITs and commodities, and how leveraged mixes are faring—to show how these principles play out in real allocations.If this helps you build a stronger plan, follow the show, share it with a friend who's rethinking their hedge, and leave a quick review to help more DIY investors find us.Support the show

In this guest episode, we host Shamir Popat, Senior Analyst, Manager Research, at Morningstar. He runs through his report and findings on what investors should consider before investing in new ETFs.You can find more on the report here.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

Quantum computing stocks have surged in popularity over the past year, capturing investors' enthusiasm on the coattails of the artificial intelligence boom. These buzzy names took off last summer after a slew of announcements and research breakthroughs from the biggest players in the tech industry like Alphabet GOOGL/GOOG, Amazon AMZN and Microsoft MSFT. Quantum computing promises to be one of the most transformative technological developments of the next few decades, but Morningstar's analysts caution that mainstream market adoption could be a long away. Dan Romanoff, a senior equity research analyst on the technology team at Morningstar, discusses new developments in the quantum computing landscape and the best way for investors to get exposure in their portfolios now.Quantum Computing Market InsightsOn this episode:00:00:00 Welcome00:01:28 What Is Quantum Computing?00:04:37 Why Are Computing Stocks Attracting Investors?00:12:45 Quantum Technology Isn't Yet Ready for the Mainstream00:18:19Quantum Could Represent a $200 Billion Market00:22:48Winners and Losers in Quantum Computing Stocks00:25:28How To Invest in Quantum Computing Now  Watch more from Morningstar:How to Generate Steady Income in 2026All in on Magnificent 7? Where You Should Invest Next9 Top ETFs for Income Investors That Stood Out in 2025 Follow Morningstar on social:Facebook https://www.facebook.com/MorningstarInc/X https://x.com/MorningstarIncInstagram https://www.instagram.com/morningstarinc/?hl=enLinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today we sit down with Christine Benz, Author, WCICON Speaker, and Director of Mutual Fund Analysis at Morningstar, for a wide-ranging and insightful conversation. We dive into her annual retirement income research, the realities of spending in retirement, and the challenge many retirees face in giving themselves permission to spend. Christine also reflects on the stark gender imbalance in the finance world and highlights the women she believes every investor should be following, whether they invest on their own or work with an advisor. It is a thoughtful, information-rich interview you will not want to miss. Getting Going on Savings Initiative: https://boglecenter.net/gettinggoing/  Best of Jonathan Clements Book: https://www.amazon.com/Best-Jonathan-Clements-Timeless-Financial/dp/0988780348  Laurel Road is committed to serving the financial needs of doctors, including helping you get the home of your dreams. Laurel Road's Physician Mortgage is a home loan exclusively for physicians and dentists featuring up to 100% financing on loans of $1,000,000 or less. These loans have fewer restrictions than conventional mortgages and recognize the lender's trust in medical professionals' creditworthiness and earning potential. For terms and conditions, please visit https://laurelroad.com/wci Disclosures: NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All mortgage products are subject to credit and collateral approval. Mortgage products are available in all 50 U.S. states and Washington, D.C. Hazard insurance and, if applicable, flood insurance are required on collateral property. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice. 1. 100% financing is only available to interns, residents, fellows, doctors, dentists, clinical professors, researchers, or managing physicians with a current license and a degree of Doctor of Medicine (MD), Doctor of Osteopathic Medicine (DO), Doctor of Podiatric Medicine (DPM), Doctor of Dental Surgery (DDS), or Doctor of Dental Medicine (DMD). Only available when purchasing or refinancing with no cash out on a primary residence and loan amount does not exceed $1,000,000. Retired doctors are not eligible. Additional conditions and restrictions may apply. The White Coat Investor Podcast launched in January 2017, and since then, millions have downloaded it. Join your fellow physicians and other high income professionals and subscribe today! Host, Dr. Jim Dahle, is a practicing emergency physician and founder of The White Coat Investor blog. Like the blog, The White Coat Investor Podcast is dedicated to educating medical students, residents, physicians, dentists, and similar high-income professionals about personal finance and building wealth, so they can ultimately be their own financial advisor-or at least know enough to not get ripped off by a financial advisor. We tackle the hard topics like the best ways to pay off student loans, how to create your own personal financial plan, retirement planning, how to save money, investing in real estate, side hustles, and how everyone can be a millionaire by living WCI principles. Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter  00:00 WCI Podcast #454 02:31 Christine Benz Interview 04:00 The Numbers and Psychology of Retirement Spending 24:15 The State of Retirement Income

ETFs were once almost synonymous with low-cost, sensible investing. But that era is changing fast. In this episode, Ben Felix, Dan Bortolotti, and Ben Wilson introduce and unpack the concept of "ETF slop"—the explosion of complex, high-fee, behaviorally engineered ETFs that are designed to attract assets rather than improve investor outcomes. The trio traces how ETFs evolved from simple index-building tools into wrappers for increasingly speculative strategies. They discuss how the ETF "halo effect" can mislead investors into equating structure with quality, and why innovation in financial products often benefits manufacturers more than end investors. From thematic hype to downside "protection" that isn't what it seems, the episode offers a clear framework for thinking critically about modern ETF offerings. Key Points From This Episode: (0:00:04) Introduction to the Rational Reminder Podcast and the hosts. (0:00:39) Ben introduces the idea of "ETF slop" and why ETFs are no longer synonymous with sensible investing. (2:20) More actively managed ETFs now exist than index-tracking ETFs in the U.S. (3:30) ETFs increasingly engineered to attract assets rather than improve investor outcomes. (4:04) Record ETF launches in 2025: over 1,000 in the U.S. and 300+ in Canada. (6:43) Average management fees on newly launched ETFs rival traditional active mutual funds. (7:47) The ETF "halo effect" and why structure is mistaken for quality. (10:31) What an ETF actually is—and why it's just a wrapper for a strategy. (11:13) The first ETF was launched in Canada and still exists today. (14:40) ETFs as tools for speculation versus long-term investing. (17:08) Evidence that simpler allocation funds reduce harmful investor behavior. (20:35) Why too much product choice can make good investing harder. (21:40) Four categories of ETF slop introduced: thematic, buffer, covered call, and single-stock ETFs. (22:16) Why thematic ETFs appeal to optimism and extrapolation bias. (24:04) Evidence that most thematic ETFs underperform after launch. (26:25) Morningstar data: almost no thematic ETFs outperform over long horizons. (28:55) Why exciting narratives don't translate into superior returns. (31:25) Buffer ETFs explained: capped upside with partial downside protection. (34:31) Research showing high fees, high costs, and inconsistent protection. (38:16) Why simple stock/bond mixes dominate buffer ETFs even in drawdowns. (42:53) Covered calls: high income today, lower total returns tomorrow. (45:48) Why covered call ETFs systematically underperform their underlying assets. (47:38) Income needs can be met more efficiently without covered calls. (48:19) The cult-like following driven by double-digit yield marketing. (49:57) Single-stock ETFs as the "sloppiest" form of ETF slop. (53:44) Leveraged and inverse ETFs magnify volatility and complexity. (56:20) Research showing massive underperformance versus simple benchmarks. (58:56) Why these products resemble speculation more than investing. (1:03:35) Complexity in investment products is strongly linked to poor outcomes. (1:05:48) John Bogle's warning: beware of new and "hot" investment products. (1:06:48) Why ETFs are powerful tools—but only when used correctly. Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on YouTube — https://www.youtube.com/channel/ Benjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://pwlcapital.com/our-team/ Cameron on X — https://x.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Ben Wilson on LinkedIn — https://www.linkedin.com/in/ben-wilson/ Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)  

Wonderful Counselor, Prince of Peace, and more.Each title given to Jesus in the Bible reveals a unique and meaningful aspect of His total nature.Support the show

Today we're talking about the future. Not just retirement as a number on a spreadsheet, but retirement as a real phase of life—one that we're all heading toward, whether we're just opening our first 401(k) or already counting down the years.My guest is someone I've turned to for guidance for decades. Christine Benz is the Director of Personal Finance and Retirement Planning at Morningstar, and if you've ever read a smart, clear-headed piece about investing, portfolio strategy, or retirement readiness, chances are her work shaped it.Christine has helped millions of investors make sense of their money at every stage of life—but especially at the moment when the stakes feel highest: figuring out how to turn what you've saved into a sustainable, meaningful retirement. She's also the author of How to Retire, a deeply practical and human guide that goes far beyond the math to tackle the emotional, lifestyle, and health realities of aging.In this conversation, we're digging into what retirement planning looks like right now: after a long market run, amid persistent inflation concerns, longer lifespans, and big questions around Social Security, healthcare, and caregiving. We talk about safe withdrawal rates, de-risking portfolios, how women need to plan differently, and why flexibility—not perfection—is the real secret to retiring well. Hosted on Acast. See acast.com/privacy for more information.

Crain's residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including a Realtors group economist expecting better affordability in 2026 — but not without some caveats.Plus: Stock market experts in Chicago predict boom or bust for 2026, Pritzker keeps door open to Bears as Indiana stadium threat heats up, Morningstar investment chief leaves to start new firm and a rare Michael Jordan rookie card to be auctioned off. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kate Ramsden is a retired social worker of over 40 years, during which time she was also an active trade unionist. She is still involved in initiatives to support ethical social work practice. She is joint secretary of Aberdeen Trades Union Council and a delegate to the STUC Women's Committee and is involved in a number of left initiatives including writing for the Morning Star.

BackgroundBioArticles and Papers Discussed“The Theory Behind the Age-Related Positivity Effect,” Andrew Reed and Laura Carstensen, NIH.gov, Sept. 27, 2012.“Investing Without Blind Spots,” Better Vantage podcast, Nov. 12, 2025.“Out of Sight, Out of Market: The IRA Cash Drag,” by Andy Reed et al., Vanguard.com, Sept. 5, 2024.“Advisors and Investors Split on Inflation, Bond Views,” by Xiao Xu and Andy Reed, Vanguard.com, Sept. 12, 2025.“Stress, Debt, and the Power of Planning,” by Anna Madamba and Andy Reed, Vanguard.com, April 9, 2025“Improving Retirement Outcomes by Default: The Case for an IRA QDIA,” by Andy Reed, et al., Vanguard.com, July 2024."Maximizing versus Satisficing: Happiness Is a Matter of Choice," by Barry Schwartz, Andrew Ward, et al., NIH.gov, November 2002.“The Ostrich Effect: Selective Attention to Information,” George Loewenstein and Duane Seppi, CMU.edu, Feb. 11, 2009.“Inside the Minds of Equity Income Fund Investors,” Sharon Hill and Paulo Costa, Vanguard.com, Aug. 26, 2025.“Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors,” Brad Barber and Terrance Odean, Berkeley.edu, April 2000.Books DiscussedThe Paradox of Choice: Why More Is Less, by Barry SchwartzNudge: Improving Decisions About Health, Wealth, and Happiness, by Richard Thaler and Cass SunsteinThe Elements of Choice: Why the Way We Decide Matters, by Eric JohnsonOther“Was Bogle's Princeton Thesis Eerily Prescient?” by Jess Bebel, Morningstar.com, May 27, 2022. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tom Cock and Don McDonald kick off 2026 with a sharp, skeptical look at portfolio simplicity—what it really means, what it doesn't, and why promises like “no sacrifice in returns” should always raise an eyebrow. Using a Morningstar article as a springboard, they dig into active vs. index funds, one-fund and target-date strategies, and the behavioral traps that complexity creates. Listener calls drive deeper discussions around Avantis funds (AVGE vs. AVGV), value tilts, international exposure, Fidelity's zero-fee funds, and when simplicity actually beats sophistication. Along the way: holiday viruses, Jeopardy ETF fails, Tesla-as-a-value-stock arguments (sort of), and a reminder that knowing yourself as an investor matters more than chasing the “perfect” allocation. 0:04 Holiday hangover, fake presence, and welcoming 2026 1:27 Simplicity in investing and why complexity isn't intelligence 1:44 Morningstar's “simplify your portfolio” claim—skepticism engaged 3:01 Active funds vs. index funds (and Morningstar's awkward contradiction) 3:56 One-fund vs. multi-fund portfolios and why rebalancing is hard 5:24 Target-date funds as delegation for real humans 7:32 Hodgepodge-itis vs. fewer funds, fewer mistakes 8:52 Listener call: Roth IRA for an 8-year-old and AVGE vs. AVGV 12:20 Value tilt, international exposure, and long time horizons 13:44 AVGE vs. AVGV performance—why short-term results don't settle debates 16:57 VT compared to Avantis—diversification without tilts 17:32 Fidelity Zero funds—what's free and what's the catch 20:00 Jason from Sammamish: value, growth, Tesla, and confidence 23:36 SPY vs. SPYM and when cheap is just cheap 25:46 Listener call: escaping a Fidelity managed large-cap portfolio 29:58 What to say when an advisor tries to keep your money 31:24 Jeopardy contestants miss “ETF” (yes, really) 33:46 AVGE vs. VT—tilts, belief systems, and picking your poison Learn more about your ad choices. Visit megaphone.fm/adchoices

Selected Gathas from Zen Vows for Daily Life, by Robert Aitken Roshi Watching the sky before dawn I vow with all beings to open those flawless eyes that welcomed the Morning Star. __________ Waking up in the morning I vow with all beings to listen to those whom I love, especially to things they don't say. __________ Preparing to enter the shower I vow with all beings to wash off the last residue of thoughts about being pure. __________ Preparing to enter the shower I vow with all beings to cleanse this body of Buddha and go naked into the world. __________ Turning to use the toilet I vow with all beings to honor my body's knowledge of what to retain and discard. __________ Lighting a candle for Buddha, I vow with all beings to honor your clear affirmation: “Forget yourself and you're free.” __________ With the sound of the temple bell I vow with all beings to offer my skull as a bell in the echoing chiliocosms. * __________ When thoughts form an endless procession, I vow with all beings to notice the spaces between them and give the thrushes a chance. __________ Taking my seat in the Zendo I vow with all beings to acknowledge that here is the sacred: this bottom, this body, this breath. __________ When people show anger and malice I vow with all beings to listen for truth in the message, ignoring the way it is said. __________ When I'm worried about my attachments I vow with all beings to remember interdependence: if I weren't attached I'd be dead. __________ In dealing with questions of sex I vow with all beings to recall the perennial precepts: “Don't harm, don't steal, don't exploit.” __________ Kicking a chair in the dark I vow with all beings to let the pain and surprise slow me down to this step, this step. __________ When everything loses its meaning I vow with all beings to honor this intimate teaching that clears my dependence away. __________ When a car goes by late at night I vow with all beings to remember the lonely bakers who secretly nurture us all. __________ Whenever I'm tempted to judge I vow with all beings to remember we both have two nostrils and the same implacable fate. __________ Watching the stars after midnight I vow with all beings to remember the point of existence has no dimension at all. __________ When roosters crow before dawn I vow with all beings to acknowledge each voice in the chorus, there you are, there you are, friend. * In Buddhist cosmology, a chiliocosm is a “thousandfold world system,” a unit in a hierarchical structure of multiple universes.

Wedbush's Mathew Bryson sees high demand and low supply offering a long runway for memory chip companies like Micron (MU) and SanDisk (SNDK). Even after both companies experienced massive rallies, he sees the price as justified so long as earnings accelerate. Morningstar's William Kerwin doesn't agree, with his firm having a sell rating on both memory chip stocks. While he agrees on AI infrastructure buildout serving as a leg for a bullish thesis, an elongated timeline for it all to come online will hinder earnings momentum. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Dealing with Depression: Finding Hope and Victory in the God of All Comfort    Depression is a profound heaviness of soul that the Scriptures describe with raw honesty. The Bible does not employ our modern clinical term, but it portrays the experience vividly: the spirit overwhelmed, the heart cast down, the bones troubled, the soul in despair, even the wish that life would end. Yet the same Word that records this darkness repeatedly declares that God draws near to the brokenhearted, that He is the lifter of the head, that His comfort abounds in affliction, and that joy comes in the morning. Throughout Scripture we see God's choicest servants pass through seasons of deep discouragement. Their stories are recorded not to magnify their weakness but to display God's faithfulness in the lowest places. By examining these lives, and by listening carefully to the voice of God in His Word, we discover divine principles for enduring and overcoming depression from a thoroughly biblical standpoint. I. Elijah: Despair After Victory The prophet Elijah stands as one of the clearest examples. In 1 Kings 18 he experienced one of the greatest public triumphs in redemptive history—fire falling from heaven on Mount Carmel, the prophets of Baal defeated, the people confessing that the Lord is God, and rain ending a three-and-a-half-year drought. Yet in chapter 19, a single threat from Jezebel sends him fleeing in fear and exhaustion. Hear the Word of the Lord in 1 Kings 19:3-4 (KJV): “And when he saw that, he arose, and went for his life, and came to Beersheba, which belongeth to Judah, and left his servant there. But he himself went a day's journey into the wilderness, and came and sat down under a juniper tree: and he requested for himself that he might die; and said, It is enough; now, O LORD, take away my life; for I am not better than my fathers.” Elijah, the man who had just called down fire, now prays for death. He feels his labor has been in vain, that he is no better than his fathers, that everything is “enough.” This is the language of depression: exhaustion, hopelessness, isolation, and suicidal ideation. But observe God's tender response. Verses 5-8: “And as he lay and slept under a juniper tree, behold, then an angel touched him, and said unto him, Arise and eat. And he looked, and, behold, there was a cake baken on the coals, and a cruse of water at his head. And he did eat and drink, and laid him down again. And the angel of the LORD came again the second time, and touched him, and said, Arise and eat; because the journey is too great for thee. And he arose, and did eat and drink, and went in the strength of that meat forty days and forty nights unto Horeb the mount of God.” God does not begin with rebuke. He begins with physical care—sleep, food, water—twice. The angel acknowledges the reality of Elijah's limitation: “the journey is too great for thee.” God remembers that we are dust (Psalm 103:14). When Elijah reaches Horeb, he repeats his complaint in verses 9-10: “And he came thither unto a cave, and lodged there; and, behold, the word of the LORD came to him, and he said unto him, What doest thou here, Elijah? And he said, I have been very jealous for the LORD God of hosts: for the children of Israel have forsaken thy covenant, thrown down thine altars, and slain thy prophets with the sword; and I, even I only, am left; and they seek my life, to take it away.” Depression distorts perspective. Elijah believes he is utterly alone. God gently corrects him in verse 18: “Yet I have left me seven thousand in Israel, all the knees which have not bowed unto Baal, and every mouth which hath not kissed him.” Then God gives Elijah new work and a successor. God meets Elijah in his depression with physical provision, truthful perspective, renewed purpose, and the quiet whisper of His presence (verses 11-13). II. Job: Prolonged Suffering and Overwhelming Grief Few stories portray sustained depression more graphically than Job's. A righteous man suddenly stripped of wealth, children, and health, Job sits in ashes, scraping his sores, wishing he had never been born. Job 3:1-3, 11-13, 20-26 (KJV): “After this opened Job his mouth, and cursed his day. And Job spake, and said, Let the day perish wherein I was born, and the night in which it was said, There is a man child conceived… Why died I not from the womb? why did I not give up the ghost when I came out of the belly? Why did the knees prevent me? or why the breasts that I should suck? For now should I have lain still and been quiet, I should have slept: then had I been at rest… Wherefore is light given to him that is in misery, and life unto the bitter in soul; Which long for death, but it cometh not; and dig for it more than for hid treasures; Which rejoice exceedingly, and are glad, when they can find the grave? Why is light given to a man whose way is hid, and whom God hath hedged in? For my sighing cometh before I eat, and my roarings are poured out like the waters. For the thing which I greatly feared is come upon me, and that which I was afraid of is come unto me. I am not at ease, neither am I quiet, neither have I rest; but trouble cometh.” Job's anguish is physical, emotional, and spiritual. He cannot eat without sighing; anxiety and dread consume him. His friends' misguided counsel only deepens the wound. Yet through forty-two chapters God allows Job to pour out every complaint. God does not silence him. Finally, in chapters 38–41, the Lord speaks—not with easy answers, but with a revelation of His sovereign wisdom and power. Job's response in 42:5-6: “I have heard of thee by the hearing of the ear: but now mine eye seeth thee. Wherefore I abhor myself, and repent in dust and ashes.” Seeing God afresh brings repentance, humility, and eventual restoration. Job's depression lifts not when circumstances immediately improve, but when he encounters the majesty and goodness of God in a deeper way. III. David: The Psalms of the Cast-Down Soul No biblical figure gives us more transparent language for depression than David. The Psalms are filled with his cries from the depths. Psalm 42:1-11 (KJV): “As the hart panteth after the water brooks, so panteth my soul after thee, O God. My soul thirsteth for God, for the living God: when shall I come and appear before God? My tears have been my meat day and night, while they continually say unto me, Where is thy God? When I remember these things, I pour out my soul in me: for I had gone with the multitude, I went with them to the house of God, with the voice of joy and praise, with a multitude that kept holyday. Why art thou cast down, O my soul? and why art thou disquieted in me? hope thou in God: for I shall yet praise him for the help of his countenance. O my God, my soul is cast down within me: therefore will I remember thee from the land of Jordan, and of the Hermonites, from the hill Mizar. Deep calleth unto deep at the noise of thy waterspouts: all thy waves and thy billows are gone over me. Yet the LORD will command his lovingkindness in the daytime, and in the night his song shall be with me, and my prayer unto the God of my life. I will say unto God my rock, Why hast thou forgotten me? why go I mourning because of the oppression of the enemy? As with a sword in my bones, mine enemies reproach me; while they say daily unto me, Where is thy God? Why art thou cast down, O my soul? and why art thou disquieted within me? hope thou in God: for I shall yet praise him, who is the health of my countenance, and my God.” Notice David's pattern: honest lament (“my tears have been my meat,” “all thy waves and thy billows are gone over me”), self-exhortation (“Why art thou cast down, O my soul? … hope thou in God”), remembrance of God's past faithfulness, and confident expectation of future praise. Psalm 43 continues the same theme, ending with the identical refrain. Psalm 77 shows Asaph following the same path—remembering God's mighty deeds until hope revives. Psalm 88 is perhaps the darkest psalm, ending without explicit resolution on earth, yet still addressed to “LORD God of my salvation.” Even unresolved sorrow is brought to God. IV. Jeremiah: The Weeping Prophet Jeremiah's ministry spanned decades of rejection and judgment upon Judah. He is called “the weeping prophet” for good reason. Lamentations 3:1-20 (selected verses, KJV): “I am the man that hath seen affliction by the rod of his wrath. He hath led me, and brought me into darkness, but not into light… He hath hedged me about, that I cannot get out: he hath made my chain heavy. Also when I cry and shout, he shutteth out my prayer… He hath filled me with bitterness, he hath made me drunken with wormwood… And thou hast removed my soul far off from peace: I forgat prosperity. And I said, My strength and my hope is perished from the LORD: Remembering mine affliction and my misery, the wormwood and the gall. My soul hath them still in remembrance, and is humbled in me.” Jeremiah feels God has become his enemy, that prayer is blocked, that hope has perished. Yet in the very center of Lamentations comes one of the most hope-filled passages in Scripture, verses 21-26: “This I recall to my mind, therefore have I hope. It is of the LORD's mercies that we are not consumed, because his compassions fail not. They are new every morning: great is thy faithfulness. The LORD is my portion, saith my soul; therefore will I hope in him. The LORD is good unto them that wait for him, to the soul that seeketh him. It is good that a man should both hope and quietly wait for the salvation of the LORD.” Jeremiah preaches to himself the truth of God's character. Remembering God's steadfast love and faithfulness becomes the turning point. V. Other Examples: Moses, Hannah, Jonah, Paul Moses, burdened with leading a complaining people, cries in Numbers 11:11-15 (KJV): “And Moses said unto the LORD, Wherefore hast thou afflicted thy servant? and wherefore have I not found favour in thy sight, that thou layest the burden of all this people upon me? … I am not able to bear all this people alone, because it is too heavy for me. And if thou deal thus with me, kill me, I pray thee, out of hand, if I have found favour in thy sight; and let me not see my wretchedness.” God responds by sharing the burden with seventy elders and providing meat—practical help and companionship. Hannah, barren and provoked, is “in bitterness of soul” (1 Samuel 1:10). She pours out her soul before the Lord, and though her circumstances do not change immediately, “her countenance was no more sad” (1:18) after entrusting her grief to God. Jonah, angry at God's mercy to Nineveh, prays in Jonah 4:3 (KJV): “Therefore now, O LORD, take, I beseech thee, my life from me; for it is better for me to die than to live.” God patiently teaches him through a plant, a worm, and a wind. Even the apostle Paul knew despair. In 2 Corinthians 1:8-10 (KJV): “For we would not, brethren, have you ignorant of our trouble which came to us in Asia, that we were pressed out of measure, above strength, insomuch that we despaired even of life: But we had the sentence of death in ourselves, that we should not trust in ourselves, but in God which raiseth the dead: Who delivered us from so great a death, and doth deliver: in whom we trust that he will yet deliver us.” Paul's despair drove him deeper into dependence upon the God who raises the dead. VI. The Lord Jesus: Sorrow Without Sin Our Savior Himself entered into sorrow. In Gethsemane, Matthew 26:38 (KJV): “Then saith he unto them, My soul is exceeding sorrowful, even unto death: tarry ye here, and watch with me.” He sweat as it were great drops of blood (Luke 22:44). Yet He submitted: “not my will, but thine, be done.” Hebrews 5:7 speaks of His “strong crying and tears.” Christ identifies with our weakness and intercedes for us as One touched with the feeling of our infirmities (Hebrews 4:15). VII. God's Promises of Comfort and Deliverance The Scriptures abound with assurances: Psalm 34:17-19 (KJV): “The righteous cry, and the LORD heareth, and delivereth them out of all their troubles. The LORD is nigh unto them that are of a broken heart; and saveth such as be of a contrite spirit. Many are the afflictions of the righteous: but the LORD delivereth him out of them all.” Isaiah 41:10 (KJV): “Fear thou not; for I am with thee: be not dismayed; for I am thy God: I will strengthen thee; yea, I will help thee; yea, I will uphold thee with the right hand of my righteousness.” 2 Corinthians 1:3-4 (KJV): “Blessed be God, even the Father of our Lord Jesus Christ, the Father of mercies, and the God of all comfort; Who comforteth us in all our tribulation, that we may be able to comfort them which are in any trouble, by the comfort wherewith we ourselves are comforted of God.” Psalm 30:5 (KJV): “For his anger endureth but a moment; in his favour is life: weeping may endure for a night, but joy cometh in the morning.” VIII. How Believers Today Can Deal with Depression and Gain Victory from a Biblical Standpoint The examples and promises above yield clear, scriptural pathways for fighting depression today: Bring every feeling honestly before God. The Psalms model unfiltered lament. Do not hide your despair; pour it out. God invites it and can handle it. Preach truth to yourself. Like David and Jeremiah, recall God's character, past faithfulness, and unchanging promises. Speak Scripture aloud when feelings contradict truth. Care for the body God gave you. Elijah's story reminds us that exhaustion, hunger, and isolation exacerbate depression. Sleep, nourishment, exercise, and medical care when needed are acts of stewardship, not lack of faith. Seek godly community. Elijah felt alone, but was not. Isolation feeds depression; fellowship counters it. Confess faults, bear burdens, receive prayer (James 5:16; Galatians 6:2). Fix your eyes on Christ. He endured the cross for the joy set before Him (Hebrews 12:2). Our light affliction works an eternal weight of glory (2 Corinthians 4:17-18). The gospel assures us that nothing can separate us from God's love (Romans 8:38-39). Wait upon the Lord with hope. Seasons of darkness do not last forever. “They that wait upon the LORD shall renew their strength; they shall mount up with wings as eagles; they shall run, and not be weary; and they shall walk, and not faint” (Isaiah 40:31). Victory is not always immediate deliverance from the feeling of depression, but it is certain triumph through union with Christ. Even if the night lingers, the Morning Star has risen in our hearts (2 Peter 1:19). One day He will wipe away every tear (Revelation 21:4). Until then, we walk by faith, anchored in the God who has never forsaken His own. The same God who sustained Elijah under the juniper tree, lifted Job from the ash heap, turned David's mourning into dancing, and carried Jeremiah through the furnace is your God. He is faithful. Hope in Him, and you shall yet praise Him, who is the health of your countenance and your God.

The No. 1 financial goal for most Americans is retirement. Once they retire, their primary goal becomes not running out of money. Host Robert Brokamp discusses the pros, cons, and tradeoffs of various withdrawal strategies with Christine Benz, director of personal finance at Morningstar and co-author of a new report on retirement income. Also in this episode:-Prepare for lower taxes in 2026 by having less withheld from your paycheck and contributing more to your investments-A recent Washington Post article argues that bigger houses lead to lower levels of happiness-The percentage of the global stock market that comes from U.S. stocks is near an all-time high, but non-U.S. stocks made up for lost ground in 2025-Listeners share their tips and tricks for staying on top of their investments and spending Host: Robert BrokampGuest: Christine BenzEngineer: Bart Shannon Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

We take a look at the top episodes of 2025. In this episode, we take a deep dive into dividend ETFs and how investors can pick one that suits them by running through 4 dividend ETF examples.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

Higher interest rates have ushered in an era where income opportunities abound. That's following years of parched cash flow streams and low rates, especially in fixed income. However, risks like stubborn inflation and elevated stock valuations exist. Morningstar researchers believe it's important to identify income opportunities that could be resilient in today's market. Dominic Pappalardo, chief multi-asset strategist for Morningstar Wealth, joined Investing Insights to discuss where to look.Editor's note: The host misspoke when referring to Morningstar Holland's chief European market strategist. His name is Michael Field.Income Investing Strategies for 2026: Maximizing Yield in an Uncertain MarketOn this episode:00:00:00 Welcome00:01:33 Income investing in 202600:04:02 Bond market breakdown: short, intermediate, or long term?00:07:39 Global bonds and hedging strategies00:13:27 Equity Opportunities Beyond the US00:15:31 REITs vs Utilities00:17:14 Building Resilient Income Streams  Watch more from Morningstar:All in on Magnificent 7? Where You Should Invest Next9 Top ETFs for Income Investors That Stood Out in 2025Where to Invest in 2026 After This Year's Market Volatility Follow Morningstar on social:Facebook https://www.facebook.com/MorningstarInc/X https://x.com/MorningstarIncInstagram https://www.instagram.com/morningstarinc/?hl=enLinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SBS Finance Editor Ricardo Gonçalves takes a look at why some global markets are hitting record levels with Matt Wacher from Morningstar, plus why BlueScope has rejected a $13bn takeover bid.

Order of Service: - Prelude - Psalm 80 (p. 183; Tone 1): P: odd numbered verses; C: even numbered verses - Hymn 167 - How Lovely Shines the Morning Star: vv. 1 - 4 - Devotion: Psalm 72:10 – 11 - Prayer - Hymn 167 - How Lovely Shines the Morning Star: vv. 5 - 7 - Blessing - Postlude Service Participants: Rev. Prof. Nick Proksch (Preacher), Rev. Prof. Dennis Marzolf (Organist)

Today on the podcast we welcome back Cullen Roche. He has a new book out called Your Perfect Portfolio: The Ultimate Guide to Using the World's Most Powerful Investment Strategies. Cullen is also the founder and chief investment officer of Discipline Funds, and he heads up Orcam Group, a registered investment advisory firm he established in 2012. Cullen started his career as an advisor at Merrill Lynch and worked at an event-driven hedge fund before starting his RIA firm. He received his bachelor's degree in finance from Georgetown University's McDonough School of Business. Cullen, welcome back to The Long View.BackgroundBioDiscipline FundsYour Perfect Portfolio: The Ultimate Guide to Using the World's Most Powerful Investment StrategiesPragmatic Capitalism: What Every Investor Needs to Know About Money and FinanceArtificial Intelligence, Bubbles, Bonds, and Rate Cuts“Three Things—Weekend Reading,” by Cullen Roche, disciplinefunds.com, Oct. 11, 2025.“Three Things—Bubbles, Paradoxes & QE,” by Cullen Roche, disciplinefunds.com, Dec. 12, 2025.“Three Things—Gold, Cuts and Divorces,” by Cullen Roche, disciplinefunds.com, Sept. 19, 2025.“Three Things—Where Did the Integrity Go?” by Cullen Roche, disciplinefunds.com, Aug. 21, 2025.“Bonds: It's Still Time to Chill (For a Little Longer Though),” by Cullen Roche, disciplinefunds.com, May 22, 2025.OtherDiscipline Funds' Tariff Tracker“Cullen Roche: What Tariffs Mean for Your Portfolio,” The Long View podcast, Morningstar.com, April 22, 2025.Bill BernsteinTaylor Larimore“The Case for a ‘Good Enough' Portfolio,” by Christine Benz, Morningstar.com, Oct. 27, 2025. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The planet Venus is switching sides today – sides of the Sun. It’s crossing behind the Sun as seen from Earth, so it’s moving from the morning sky to the evening sky. But we won’t be able to see it for several weeks. Venus is the second planet from the Sun, while Earth is third. So Venus crosses both behind the Sun and between Earth and the Sun. It switches between Morning Star and Evening Star appearances each time. Each of these crossings happens every 584 days – about 19 and a half months. The planet spends about eight months in both the morning and evening sky, and disappears from view during the crossings. When Venus passes between Earth and the Sun, it’s closest to us, so it moves across the sky quickly – it’s hidden in the Sun’s glare for only a few days. When it’s behind the Sun, it’s farthest – about 160 million miles. Because of the relative motions of Earth and Venus, it moves across the sky quite slowly. So it remains hidden in the light for three months or so. Depending on your location, Venus could emerge as the Evening Star as early as mid- to late February. It’ll be quite low in the twilight, so it won’t be easy to find. The planet will climb into better view in early March. Venus will reign over the evening sky until October, when it will vanish in the sunlight as it once again switches sides. Tomorrow: slowing down the stellar birth rate. Script by Damond Benningfield

From workplace idols to the Morning Star: learning to hold fast to Christ when standing alone leads to “instant unemployment.” Our text in this study is: Revelation 2:18-29 Pastor Gene Pensiero Subscribe on YouTube at: https://youtube.com/calvaryhanford Read the notes at: https://calvaryhanford.substack.com Find audio, video, and text of hundreds of other studies through the Bible at […]

From workplace idols to the Morning Star: learning to hold fast to Christ when standing alone leads to “instant unemployment.” Our text in this study is: Revelation 2:18-29 Pastor Gene Pensiero Subscribe on YouTube at: https://youtube.com/calvaryhanford Read the notes at: https://calvaryhanford.substack.com Find audio, video, and text of hundreds of other studies through the Bible at […]

We take a look at the top episodes of 2025. In this episode, Mark and Shani take a look at a quirk to one of the most generous tax concessions that we have in Australia, the CGT exemption for your home. The CGT exemption also allows for you to rent out your property for a number of years, and still claim the CGT-exempt status. We take a deep dive into the tax policy, the circumstances that it suits and the situations to avoid that would make homeowners pay more tax than they need to. A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

Is your portfolio making a big bet on the Magnificent Seven? Mega-cap names like Nvidia, Alphabet, and Apple belong to the exclusive club that has largely driven US returns higher in recent years. Their success has led to market concentration. Portfolios tracking broad benchmarks have seen their diversification decrease and risk increase. How can you prepare your portfolio to absorb potential shocks? And where are the opportunities beyond the Mag Seven? Morningstar Holland's Chief European Market Strategist Michael Field is one of the researchers who investigated this.Beyond the Magnificent Seven: Unlocking Value in a Concentrated Stock MarketOn this episode:00:00:00 Welcome00:01:49 The Magnificent Seven's strong returns have benefited many investors. Why is their dominance a risk?00:02:07 Your team highlighted a noteworthy stat in the report. The top 10 US stocks make up about 35% of the overall market. That's almost double from a decade ago. What does that signal to you?00:02:39 Can you explain what the hidden cost of market concentration is?00:03:07 If the top stocks hold so much of the gains, where does that leave the rest of the market?00:03:41 Let's focus on key periods of market concentration. How does the current environment compare to the dot-com bubble?00:04:11 And what about now versus the global financial crisis?00:04:40 What if investors pulled back due to market concentration concerns in the last decade? Why would that have backfired?00:05:51 How can investors manage the risk of market concentration in their portfolios?00:05:50 Morningstar has identified investment opportunities for 2026. Why does the team favor US small caps over US large caps?00:06:59 Another opportunity is the healthcare sector. What companies do Morningstar analysts think could fend off the competition for 10 years or more?00:07:35 Morningstar encourages international diversification. Can you talk about the regions outside the US that look attractive for stock investors?00:08:03 What's the takeaway for diversifying beyond the Magnificent Seven in 2026?  Watch more from Morningstar:9 Top ETFs for Income Investors That Stood Out in 2025 LINKWhere to Invest in 2026 After This Year's Market Volatility LINKWhy Betting Against Nvidia in the AI Arms Race Could Be a Mistake Follow Morningstar on social:Facebook https://www.facebook.com/MorningstarInc/X https://x.com/MorningstarIncInstagram https://www.instagram.com/morningstarinc/?hl=enLinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Cada día millones de personas compran, venden y traspasan fondos de inversión sin hacer un análisis adecuado. Buscan la información en Morningstar, comparan rentabilidades y se quedan generalmente con los que más hayan subido en el corto plazo.   En esta sesión Luis Ángel Hernández nos explicará cómo analizan un fondo de inversión los profesionales y la información en la que ellos se fijan. En esta charla con enfoque práctico, estudiaremos en profundidad con Luis Ángel Hernández dos fondos de inversión poco conocidos pero muy interesantes.   Luis Ángel Hernández es fundador de Salud Financiera, un proyecto de divulgación centrado en fondos de inversión, ETFs y planificación financiera. Graduado en ADE + Derecho, cuenta con la certificación MFIa por el Instituto BME.  Luis Ángel es autor de los libros De cero a inversor en ETFs y De cero a inversor en fondos, así como de los cursos de igual nombre. Recientemente ha lanzado el reto de analizar 100 fondos de inversión en profundidad en el 'Curso de análisis práctico de fondos'.   Su podcast Salud Financiera se ha situado cómo el más escuchado en la categoría de Finanzas de iVoox. 

The Sun of Righteousness in the Old Testament is also the Bright and Morning Star of the New Testament. Of course, that Star is our Lord and Savior, Jesus Christ—the focus and the “star” of the entire Word of God. This concluding study of Malachi examines God's final words to Israel before a period of silence lasting 400 years.

This episode dismantles the idea that successful investing comes from finding the next hot thing. Instead, Don and Tom argue that good portfolios are built by eliminating what doesn't belong: actively managed funds, sector ETFs, alternatives, high-yield bonds, gold, and other distractions that add complexity without purpose. Drawing on a Morningstar column by Amy Arnott, they reinforce that most investing mistakes come from chasing performance rather than embracing simplicity and discipline. The show also tackles listener questions on retirement “bucket” strategies, rebalancing timing, Dimensional fund structure, and annuities—emphasizing that bonds exist for stability, cash should be limited and intentional, and any strategy must be personal, rules-based, and boring enough to actually work. 0:04 Opening banter, Apple censoring Tom's name, and the beige pudding world 1:12 Bitcoin critics, one-star reviews, and a bad 2025 for crypto 2:03 Core idea: good investing is about elimination, not prediction 2:56 Amy Arnott and the case against active management 4:07 Why past winners usually become future losers 5:28 REITs, once useful, now mostly redundant 6:01 Sector funds as performance-chasing traps 8:19 Alternatives, I Bonds, and junk bonds—complexity without payoff 10:04 Bonds explained properly: stability, not income or excitement 11:14 Gold (and Bitcoin) as non-productive speculation 13:21 Simplify first and portfolios become easier—and calmer 15:05 Retirement bucket strategy: where it helps and where it hurts 18:48 Cash as an emergency tool, not a long-term holding 21:04 MYGA annuities, safety trade-offs, and insurer risk 29:04 Insurance failures as cautionary history 31:04 DFAW explained: Core Equity 1 vs Core Equity 2 35:53 Rebalancing discipline: timing beats tinkering 39:11 Final reminder: stop watching your portfolio so much Learn more about your ad choices. Visit megaphone.fm/adchoices

Hi and welcome to The Long View. I'm Christine Benz, director of personal finance and retirement planning for Morningstar. On this week's episode, we will feature some of our favorite clips from interviews we have done with financial planners, advisors, and retirement researchers over the past year. It's a counterpart to a previously released “Best Of” episode that was all about investing. As usual, we delved into the topic of psychology and money, and the importance of tuning out the noise if you're a long-term investor.“JL Collins: The (Still) Simple Path to Wealth,” The Long View podcast, Morningstar.com, July 1, 2025.“Charley Ellis: Indexing Is a Marvelous Gift,” The Long View podcast, Morningstar.com, Aug. 5, 2025.“Larry Jacobson: ‘The Good Things in Our Life Are What Get in the Way of Great Things,'” The Long View podcast, Morningstar.com, Sept. 16, 2025.“Dan Haylett: ‘The Retirement You Didn't See Coming,'” The Long View podcast, Morningstar.com, Nov. 18, 2025.“Kerry Hannon: What Gen Xers Need to Know About Their Retirement Plans,” The Long View podcast, Morningstar.com, Sept. 30, 2025.“Carl Richards: The Case for ‘Deeply Human' Financial Advice,” The Long View podcast, Morningstar.com, Oct. 21, 2025.“Dana Anspach and Fritz Gilbert: ‘This Is What a Joyful Retirement Could Feel Like,'” The Long View podcast, Morningstar.com, Sept. 23, 2025.“Barry Ritholtz: ‘How Not to Invest,'” The Long View podcast, Morningstar.com, Oct. 7, 2025.“Nick Maggiulli: Climbing the Wealth Ladder,” The Long View podcast, Morningstar.com, July 22, 2025.“Doug and Heather Boneparth: How Couples Can Find Financial Harmony,” The Long View podcast, Morningstar.com, Oct. 28, 2025.“Ramit Sethi: ‘We Have to Make Money Fun and Connective,'” The Long View podcast, Morningstar.com, March 4, 2025.“Beth Pinsker: Lessons From ‘My Mother's Money,'” The Long View podcast, Morningstar.com, Nov. 4, 2025.“Jean Chatzky: What Women Need to Do Differently With Their Money,” The Long View podcast, Morningstar.com, April 8, 2025.“Sahil Bloom: ‘Curiosity Is the Fountain of Youth,'” The Long View podcast, Morningstar.com, Feb. 4, 2025. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As the year crawls to a close, Don and Tom torch the ritual of “New Year, New You” financial advice and take aim at the endless lists of five things you must do next year. They break down why year-end deadlines are mostly psychological theater, why prediction-based investing is a sucker's game, and how even AI—when pressed—admits the truth: diversification beats cleverness, patience beats prediction, and complexity usually hides higher costs and worse outcomes. Along the way, they tackle 529 plans, proposed “Trump accounts,” Roth strategies for kids and retirees, factor investing myths, and the ongoing media obsession with whatever already went up last year. It's a holiday episode for skeptics, cynics, and anyone tired of being told that this is finally the year everything changes. 0:04 Holiday cynicism, snow, trees plotting revenge, and Don declares war on Pollyanna finance 1:19 Year-end obsession: why December 31 is an arbitrary psychological trap 2:29 Why “five things to do in the new year” articles exist—and why they're mostly nonsense 3:55 Asking AI for financial advice and accidentally getting decent answers 4:18 Don's AI delivers brutal honesty: complexity isn't sophistication, it's camouflage 5:54 The most dangerous question of all: “What should I invest in next year?” 6:06 Everyone's favorite prediction: AI stocks (again), and why that's backward logic 6:29 The real answer: globally diversified equities, patiently held and largely ignored 8:07 Motley Fool, Morningstar, defense stocks, and the annual prediction circus 9:29 AI's final verdict: everything after diversification is garnish people argue about on TV 10:33 Listener Brian on New York 529 plans, state tax deductions, and Roth rollover flexibility 11:30 How aggressive is too aggressive for a child's college savings? 12:45 Why age-based 529 portfolios are often far more conservative than parents realize 14:10 When college money should actually shift to safety—and when it shouldn't 15:43 The mysterious “Trump accounts”: proposed rules, confusion, and missing details 16:56 Tax treatment uncertainty, Roth myths, and why free money is still free money 18:39 Clear conclusion: this account doesn't exist yet and nobody knows the real rules 20:05 Don's full rant: pandering policies, financial clutter, and unnecessary complexity 22:07 Listener Larry on starting a Roth IRA for a 19-year-old with a one-fund solution 22:47 AVGE explained: global, factor-tilted, low-cost, and boring in the best way 24:15 AVGE vs. Vanguard Total World: interest vs. necessity 25:26 AVGE underperformance criticism and why one-year returns are meaningless 28:26 Why Avantis funds aren't trying to “pick winners” and never claimed to 31:32 Listener Caroline on retirement withdrawals, IRAs, Roths, and tax reality 33:11 The unavoidable truth: you'll pay taxes—now or later 35:43 How (and where) listeners can actually rate the show 38:01 Politics, labels, John Oliver, and why nuance is apparently illegal now 38:54 Capitalism, fairness, and refusing ideological purity tests Learn more about your ad choices. Visit megaphone.fm/adchoices

We look back at the top episodes of 2025. In a listener-requested episode, we look at the pros and cons of the US and Australian retirement systems.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

This week, we're looking back at three discussions we held earlier this year on Investing Insights about exchange-traded funds that income investors might find attractive. Morningstar ETF specialists, Bryan Armour and Dan Sotiroff, talked about dividend, bond, and covered-call ETFs in 2025.Subscribe to Morningstar's ETFInvestor Newsletter.On this episode:00:00:00 Welcome00:01:33 Dividend investing can result in exposure to factors like value, quality, and low volatility. Can you briefly explain one, what is factor investing, and then where do dividend ETFs typically land?00:03:21 How do you find a dividend ETF that provides the optimal, or just rightamount, of factor exposure? And what should appear on our checklist? 00:04:40 Four dividend ETFs hold Morningstar's Medalist Rating of Gold. Let's start with the two dividend growth ETFs from Vanguard that hold these marks.00:05:17 Explain why Vanguard's top dividend income strategy also impressed Morningstar analysts.00:06:07 The final and fourth Gold-rated dividend ETF mixes both income and growth strategies. Talk about the one from Schwab.Bond ETFs are having a banner year. Why are investors turning to these investments?00:09:01 What makes a core bond ETF a solid portfolio building block?00:10:02What's the top idea that's received high marks from Morningstar?00:11:39We're shifting from the least risky to the next level up, core-plus. What do these bond ETFs typically offer that an index-tracking ETF does not?00:11:21 Can you tell us one intermediate core-plus bond ETF that's earned a Gold rating from Morningstar?00:11:56 Multisector bond ETFs take on a bit more risk than the previous two categories, and that comes with an expectation of more income. Should income investors skip the others and start here?00:13:11It'stime for the third top idea. What multisector bond ETF should folks consider?00:13:36 High-yield bond ETFs are the riskiest among the categories we're discussing today. What additional risks are investors taking on for the juicy yields?00:14:42 Morningstar does not currently rate any actively managed high-yield bond ETFs. Is there one that income investors should watch?00:16:41What's making covered-call ETFs so popular in 2025?00:17:09 Their yields lookvery high. What is driving them?00:18:31 What types of trade-offs are investors making?00:19:51 Which covered-call ETFs do Morningstar analysts consider a solid choice for investors, and why?  Watch more from Morningstar:Where to Invest in 2026 After This Year's Market Volatility LINKWhy Betting Against Nvidia in the AI Arms Race Could Be a MistakeHere's What Your Retirement Spending Rate Should Be in 2026 Follow Morningstar on social:Facebook https://www.facebook.com/MorningstarInc/X https://x.com/MorningstarIncInstagram https://www.instagram.com/morningstarinc/?hl=enLinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Merry Christmas and Happy Holidays! This is Part 2 of a very special rebroadcast, as we air Dr. Therman Evans's presentation at the Agape International Center of Truth's "Revelation of Spirit 2000 Conference." Dr. Therman Evans is the founder and CEO of Whole Life Associates, a graduate of Howard University undergraduate (BS) and medical school (MD), the former Vice President and Corporate Medical Director of Cigna Insurance and Healthcare Corporation, as well as the National Health Director and Washington Bureau Chief for Rev. Jesse Jackson's Operation Push. Additionally, he studied and achieved his B.A., M.A., and Ph.D. degrees in theology from the United Christian College of New York.  Dr. Evans was appointed in 1998 and formally installed as Pastor of Morning Star Community Christian Center (MSCCC ) in 1999. As the Senior Pastor, he has brought the message of "wholeness" in mind, body, and spirit to the dynamic and growing membership and ministries of the Morning Star congregation. He talks about Divine Timing and being at the right place at the right time. He weaves his practice as a medical doctor with his wisdom as a preacher and gives a speech that glorifies the magnificence we are as human beings. Info: thermanevans.com.

It's surprisingly hard to know what something is really worth until someone actually tries to buy it—and that problem is front and center in private funds. Don and Tom unpack why private equity, private real estate, and other “alternative” investments often look calm and stable on paper, only to suffer brutal price drops once they finally trade in public markets. From a Wall Street Journal example of a private real estate fund losing roughly 40% overnight, to Morningstar's troubling enthusiasm for expensive, speculative new ETFs, the episode reinforces a core principle: prices discovered by real markets beat internal estimates every time. Along the way, listeners call in with real-world retirement questions, inherited IRA rules, portfolio simplification strategies, and a healthy dose of holiday banter. 0:04 What something is “worth” versus what someone will actually pay 1:06 Defining private funds and why valuation is murky 2:27 Private fund pricing versus real market pricing 3:56 BlueRock fund haircut: paper value meets reality 4:24 Market pricing, efficiency, and the wisdom of crowds 5:42 The myth of private investments being “less volatile” 6:27 Real estate as the perfect valuation example 7:39 Listener call: inherited IRA and annuity distribution rules 12:42 Holiday humor, crypto annuity joke, and Kentucky bourbon 16:01 Moving assets from Edward Jones, loads, and simplification 19:41 DIY portfolios versus advisor value 21:08 Morningstar's “Best and Worst New ETFs” critique 22:21 Why most new ETFs exist (and why you don't need them) 24:43 Shockingly high ETF expense ratios 26:27 Leveraged crypto ETFs and financial absurdity 27:37 Seasonal podcast plug and ratings gripe 28:44 Listener call: Boeing retirement and rollover planning 34:40 Holiday reflections, gratitude, and comfort over riches Learn more about your ad choices. Visit megaphone.fm/adchoices

This week on the podcast, I'm revisiting the best episodes of 2025 - reruns that are just as relevant today as when it first aired.  Here is today's best of 2025 episode…

OPEN HEAVENSMATALA LE LAGI MO LE ASO TOFI 25 TESEMA 2025(tusia e Pastor EA Adeboye) Manatu Autu: O le Fetu ao pupula (The Bright and Morning Star)Tauloto Tusi Paia: Faaaliga 22:16 “O a‘u o Iesu na ‘ou ‘auina atu la‘u agelu e molimau ‘iā te ‘outou i ia mea i ekalesia. O a‘u o le A‘a ma le fānau a Tavita, o le fetū ao pupula.”‭‭Faitauga - Tusi Paia: Mataio 2:1-12E tusa ma le 100 piliona fetu i le vanimonimo, ma e faaigoaina i latou uma e le Atua (Salamo 147:4). O loo taua foi i le Tusi Paia ia Kima ma Kisila o se faaputuga o fetu (Amosa 5:8) ma Oona (Faaaliga 8:11). I le faaputuga atoa o fetu, na tuuina atu e le Atua se galuega faapitoa i se tasi o i latou. E tatou te lē iloa le igoa o lea fetu, peitai e silafia e le Atua, ma e mautinoa na ia valaau i lea fetu i lona igoa ma tuuina atu iai le galuega e taitaia le au makoi ia Iesu. I le faitauga o le Tusi Paia o le asō, o le au makoi e lē taumate o i latou e suesue i fetu, na talanoa i se fetu na latou vaaia i le vanimonimo ma latou iloa ai o se fetu a se tupu. Na latou mulimuli i le fetu mai lo latou atunuu agai i Isaraelu, ma ao mulimuli pea iai, na taitaiina i latou e le fetu i le auala sa'o. Ana taofia lo latou mulimuli i le fetu, se manu e leiloa i le ala ma savalivali solo i le pogisa ma le fememeai. O tagata o loo fiafia i le kerisimasi e aunoa ma Iesu, e mafai ona faapea o loo savalivali solo i le pogisa. E latou te aai, feinu ma fiafia peitai o loo tumau i le pogisa. E lē tatau ona e tumau i le pogisa pe afai o loo e iai iina. Na afio mai Iesu o le malamalama o le lalolagi (Ioane 8:12) na faamalamalamaina soo se vaega o loo iai le pogisa i lou olaga. Ao tatou fiafia ma faamanuia lona fanau mai i le asō, o le taimi lelei lava lenei e tuuina atu ai lou ola ia te ia. O le taimi lava na o ese ai le au makoi mai Ierusalema ma toe faaauau la latou sailiga o le Tupu, na taitaia i latou e le fetu i le nofoaga tonu o loo iai Iesu (Mataio 2:9). Na faataunuuina le galuega a le fetu i le taitaia lea o le au makoi i le fetu ao pupula, o Iesu. O soo se tagata faatuatua e faatusa i le fetu lea, e valaauina ma faauuina e taitaia isi tagata ia Iesu. O lena fetu o loo talanoa pea iai tagata e oo mai i le asō aua na latou faataunuuina lo latou valaauina e taitaia le au makoi ia Iesu. A faaauau pea lou taitaiina o tagata e mulimuli ia Iesu, e te aoga pea i le galuega a le Atua. O lo tatou Alii o Iesu o le fetu ao pupula, ma e alagatatau ona e taitaia tagata ia te ia. Le au pele e, afai e lei tuuina lava lou ola ia Iesu, ia fai loa i le asō. O loo ia faatali ia te oe e te sau ia te ia aua e finagalo e faasaolotoina oe mai le faasaua o le pogisa ma le fememeai. Ia manuia le Kerisimasi! Savali i le ala, faaaoga upega tafailagi ma isi auala o loo avanoa ia te oe,  a talai atu ai le talalelei ia Iesu Keriso i le asō, i le suafa o Iesu, Amene. 

Hi, and welcome to The Long View. I'm Dan Lefkovitz, strategist for Morningstar Indexes. In this episode, we'll share some of our favorite clips from 2025 interviews with portfolio managers, economists, and investment researchers. It's a companion to Christine Benz's “Best Of” episode featuring highlights from conversations with financial planners, advisors, and retirement researchers. We'll begin with some prescient words from Hendrik du Toit, co-founder of global investment manager, Ninety One, who spoke to Christine Benz and me at the start of the year from Cape Town, South Africa. Hendrik talked about the appeal of emerging-markets investments, both debt and equity, asset classes that went on to have good years in 2025.“Hendrik du Toit: ‘Small Things Can Make a Big Difference,'” The Long View podcast, Morningstar.com, Jan. 21, 2025.“Cliff Asness: ‘The Problem Was Never Beta. The Problem Was Paying Alpha Fees for Beta,'” The Long View podcast, Morningstar.com, July 29, 2025.“Vincent Montemaggiore: ‘The Two Best Defenses Against Tariffs Are a High-Gross Profit Margin and Pricing Power,'” The Long View podcast, Morningstar.com, April 15, 2025.“Louis-Vincent Gave: ‘The Future Is Being Built Over There,'” The Long View podcast, Morningstar.com, Feb. 25, 2025.“Jason Zweig: Revisiting ‘The Intelligent Investor,'” The Long View podcast, Morningstar.com, May 27, 2025.“Mike Pyle: Looking for Uncorrelated Sources of Return,” The Long View podcast, Morningstar.com, Oct. 14, 2025.“Neal Shearing: The World Isn't Deglobalizing; It's Fracturing,” The Long View podcast, Morningstar.com, Aug. 26, 2025.“Sudarshan Murthy: ‘These Countries Are in Much Better Shape Than They Were 10 Years Back,'” The Long View podcast, Morningstar.com, March 25, 2025.“Joe Davis: How to Capitalize on ‘Megatrends,'” The Long View podcast, Morningstar.com, Sept. 2, 2025.“Callie Cox: A Student Teacher of Financial Markets,” The Long View podcast, Morningstar.com, Nov. 11, 2025.“Brian Selmo: ‘Winning by Not Losing,'” The Long View podcast, Morningstar.com, July 15, 2025.“Daniel Rasmussen: ‘Be Very Wary of Illiquid Asset Classes,'” The Long View podcast, Morningstar.com, May 6, 2025.“Eric Jacobson: The Entire Face of the Bond Market Has Changed,” The Long View podcast, Morningstar.com, Nov. 25, 2025.“Barry Ritholtz: ‘How Not to Invest,'” The Long View podcast, Morningstar.com, Oct. 7, 2025.“John Rekenthaler: ‘The House Is With You When You're Investing,'” The Long View podcast, Morningstar.com, Jan. 28, 2025. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Do you realize how truly magnificent you really are? In today's very special rebroadcast, we air Dr. Therman Evans's presentation at the Agape International Center of Truth's "Revelation of Spirit 2000 Conference." Dr. Therman Evans is the founder and CEO of Whole Life Associates, a graduate of Howard University undergraduate (BS) and medical school (MD), the former Vice President and Corporate Medical Director of Cigna Insurance and Healthcare Corporation, as well as the National Health Director and Washington Bureau Chief for Rev. Jesse Jackson's Operation Push. Additionally, he studied and achieved his B.A., M.A., and Ph.D. degrees in theology from the United Christian College of New York.  Dr. Evans was appointed in 1998 and formally installed as Pastor of Morning Star Community Christian Center (MSCCC ) in 1999. Today he talks about how to have Heaven on Earth. As the Senior Pastor, he has brought the message of "wholeness" in mind, body, and spirit to the dynamic and growing membership and ministries of the Morning Star congregation. He weaves his practice as a medical doctor with his wisdom as a preacher and gives a speech that glorifies the magnificence we are as human beings. (This is Part 1 of his inspirational speech.) Info: thermanevans.com.

Scoliosis affects approximately 2-3 percent of thepopulation, representing an estimated six to nine million individuals in theUnited States. While scoliosis can develop during infancy or early childhood,the primary age of onset is between 10 and 15 years, affecting both gendersequally. However, females are eight times more likely than males to progress toa curve magnitude requiring treatment. Each year, scoliosis patients accountfor over 600,000 visits to private physician offices, with an estimated 30,000children requiring bracing and 38,000 undergoing spinal fusion surgery,according to the American Association of Neurological Surgeons.Dr. Mark Morningstar has dedicated his career toadvancing care for children with scoliosis and their families. He holds aDoctor of Chiropractic degree from Palmer College of Chiropractic and a PhD inHealth Services Management from Concordia University. Dr. Morningstar possessesthree board certifications: the American Clinical Board of Nutrition, theAmerican College of Spine Physicians, and the American Association ofIntegrative Medicine.With his extensive qualifications, Dr. Morningstar developedan integrated scoliosis management program recognized internationally. He hasauthored over 60 peer-reviewed publications and contributed innovativeexercises and equipment for scoliosis management. His work has receivednational recognition, including features on The Sister Wives.Over the past two decades, Dr. Morningstar has sought torefine scoliosis care by emphasizing the underlying condition rather thanfocusing solely on spinal curvature, minimizing discomfort and side effects,and ensuring pediatric patients maintain a high quality of life. As a foundingmember of the Society on Scoliosis Orthopedic and Rehabilitation Treatment(SOSORT)—established in 2005 in Milan, Italy—he collaborates with leadingprofessionals worldwide to advance non-surgical, exercise-based treatments suchas the ScoliSMART BootCamp.One of few chiropractic physicians triple board certified inchiropractic medicine, integrative medicine, and naturopathic medicine, Dr.Morningstar provides comprehensive strategies for managing complex spine andneurological disorders, including Scoliosis, Fibromyalgia/Chronic FatigueSyndrome, and Lyme disease.By integrating chiropractic rehabilitation, chiropracticneurology, functional medicine, kinesiotaping, and spinal orthoses, Dr.Morningstar has achieved notable outcomes in patient recovery and healing. Hehas multiple publications in peer-reviewed biomedical literature and iscurrently authoring books related to scoliosis and healthy living.For more information: https://scoliosispractice.com/Email: mmorningstar@backgenius.comhttps://www.backgenius.com/ 

We take a look at our top episodes of 2025. In this episode, we look at the ETFs that would go into a 3 ETF portfolio, using Morningstar's Manager Research Medalist ratings.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.

This Mind-Body Solution episode brings together Jared Morningstar and John Buchanan, part of The Mind-at-Large Project, for a deep, intimate exploration of meaning, spirituality, death, grief, psychedelics, religion, and the nature of mind and reality.

Our guest on the podcast today is Lyle Fitterer, a senior portfolio manager and co-lead on the municipal bond sector for Baird Advisors. He has 36 years of experience managing bond portfolios. Prior to joining Baird in 2019, he served as the co-head of global fixed income and the head of the municipal fixed income team as Wells Fargo Asset Management. Lyle obtained his undergraduate degree in accounting from the University of North Dakota. He earned the chartered financial analyst designation in 1996 and is currently a member of the CFA Institute and the CFA Society of Milwaukee.BackgroundBioBaird Short-Term Municipal Bond Fund BTMIXBaird Strategic Municipal Bond Fund BSNIXBaird Quality Intermediate Municipal Bond Fund BMBIXBaird Core Intermediate Municipal Bond Fund BMNIXBaird Municipal Bond Fund BMQIXMuni-Bond Funds“The New Allure of Muni Bond Funds. Two Pros Point the Way,” by Debbie Carlson, barrons.com, Aug. 21, 2025.“Fitterer: Muni Bond Market Offers Compelling Opportunities,” Podcast with Chuck Jaffe, bairdassetmanagement.com, July 29, 2025.“Muni Bonds Aren't Just for Rich Folks,” by Jeff Schlegel, fa-mag.com, Nov. 1, 2024.“Muni Bonds Are Looking Better,” by Elizabeth Foos, Morningstar.com, Oct. 28, 2025.OtherVanguard Tax-Exempt Bond Index Fund ETF Shares VTEBVanguard Tax-Exempt Bond Index Fund Admiral Shares VTEAX“In Wreckage of Muni Market Crash, Brave Investors Eye Bonds at 90% Yields,” by Amanda Albright, advisorperspectives.com, March 25, 2020. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Behind The Numbers With Dave Bookbinder, I'm joined by Kristof Gleich, President and Chief Investment Officer at Harbor Capital Advisors, for a deep dive into the human capital factor and its impact on business value and investment performance. Kristof explains how Harbor's partnership with Irrational Capital led to the development of the HAPI ETFs and walks through the seven subfactors that make up the human capital score: organizational effectiveness, innovation, direct management, alignment, engagement, emotional connection, and extrinsic rewards. We get into the data behind the factor, including the use of large-scale employee sentiment surveys and proprietary analytics, the index construction process that identifies the top 150 companies, and the annual reconstitution methodology. Kristof also shares performance insights – from Morningstar recognition to how HAPI has compared with the S&P 500. We also talk about why this factor has the potential to generate real alpha and how investors, private equity firms, and valuation professionals are beginning to incorporate human capital metrics into underwriting and deal analysis. If you're interested in how people truly drive enterprise value, how human capital data can shape portfolios, and what this means for investors, advisors, and dealmakers, this episode offers practical, data-driven insights you can use. About Our Guest: Kristof Gleich is the president and CIO of Harbor Capital Advisors, Inc. Kristof oversees all Investment, Distribution & Marketing and Executive Office functions at Harbor. He provides insight while helping lead Harbor's strategic growth plan. Prior to joining Harbor, Kristof was a managing director and global head of manager selection at JP Morgan Chase & Co. He received a B.S. in Physics from University of Bristol. Kristof is a CFA® charterholder and is FINRA Series 7 and 63 licensed. About the Host: Dave Bookbinder is known as an expert in business valuation and he is the person that business owners and entrepreneurs reach out to when they need to know what their most important assets are worth. Known as a collaborative adviser, Dave has served thousands of client companies of all sizes and industries.  Dave is the author of two #1 best-selling books about the impact of human capital (PEOPLE!) on the valuation of a business enterprise called The NEW ROI: Return On Individuals & The NEW ROI: Going Behind The Numbers.  He's on a mission to change the conversation about how the accounting world recognizes the value of people's contributions to a business enterprise, and to quantify what every CEO on the planet claims: “Our people are this company's most valuable asset.” Dave's book, A Valuation Toolbox for Business Owners and Their Advisors: Things Every Business Owner Should Know, was recognized as a top new release in Business and Valuation and is designed to provide practical insights and tools to help understand what really drives business value, how to prepare for an exit, and just make better decisions. He's also the host of the highly rated Behind The Numbers With Dave Bookbinder business podcast which is enjoyed in more than 100 countries.

A holiday-flavored Friday Q&A that covers a lot of ground without selling a single candy cane. Don answers listener questions on Medicare vs. Medicare Advantage (and the IRMAA buzzsaw), how to safely reposition an elderly parent's taxable account, whether to ditch target-date funds for a DIY equity portfolio, how to think about international small-cap ETFs, why teaching kids to pick stocks is a terrible idea, and what to expect when a “free portfolio review” comes from a company whose name literally includes the word annuity. Skeptical, practical, and very on-brand. 0:17 Corny holiday Q&A musical intro and setup 0:33 Friday Q&A format, how questions get on the show, and holiday vibe 2:00 Medicare vs. Medicare Advantage, IRMAA penalties, and why private insurers are exhausting 3:37 Why capital gains can make Medicare shockingly expensive 4:15 The profit motive problem with Medicare Advantage plans 4:37 Question transition and listener call-in reminder 5:43 Managing an 82-year-old's taxable account: safety vs. yield 6:18 Why bond funds like BND diversify interest-rate risk better than savings accounts 7:15 CD ladders: how they work and why discipline matters 7:39 Treasury funds vs. total bond funds for capital preservation 7:47 Closing thoughts on preservation-focused portfolios 8:52 Target-date funds vs. DIY 401(k) portfolios 9:20 Glide paths, rebalancing, and what target-date funds do well 10:35 100% equity risk, volatility, and why down markets help accumulators 10:53 Choosing between AVDV and AVES (international small value vs. emerging markets) 11:47 Why the correct answer is often “both” 12:33 Teaching high school students about investing 13:52 Why stock-picking education reinforces a dangerous myth 14:28 Luck vs. skill and the evidence against beating the market 15:39 Index funds, market efficiency, and investor behavior 16:49 Morningstar vs. other research tools 17:18 Empower's “free portfolio review” and what might be coming next 18:06 Portfolio concentration concerns and tech exposure 19:33 Humor break and annuity skepticism 20:55 What Empower actually is and what that implies 21:16 Empower as an RIA and how to treat their recommendations 21:52 Getting a second opinion from a fee-only advisor 22:58 Thanks, holiday wrap-up, and call for more questions Learn more about your ad choices. Visit megaphone.fm/adchoices

Our guest on the podcast today is Joy Loverde. Joy is the author of Who Will Take Care Of Me When I'm Old? and The Complete Eldercare Planner. She also gives keynotes and workshops on aging and eldercare to many different types of organizations. In addition, she serves as a consultant to senior housing providers, HR professionals, attorneys, financial planners, clergy, and other members of the eldercare industry. She has also been a family caregiver to family and friends.BackgroundBioWho Will Take Care of Me When I'm Old? Plan Now to Safeguard Your Health and Happiness in Old AgeThe Complete Eldercare Planner, Revised and Updated 4th Edition: Where to Start, Which Questions to Ask, and How to Find HelpEldercare“'Aging in Place Has a Shelf Life': What This Eldercare Expert Wants You to Know,” by Beth Pinsker, marketwatch.com, Oct. 28, 2023.“Preparing Solo Agers to Receive Long-Term Care,” by Joy Loverde, generations.asaging.org, June 21, 2023.“How to Manage Sibling Conflict Over Care of Elderly Parents,” by Elaine K. Howley, health.usnews.com, Feb. 5, 2025.“Going Solo: How to Plan for Retirement When You're on Your Own,” by Diane Harris, nytimes.com, July 20, 2025.“Create a Life of Independence and Connection in Later Years,” seattletimes.com, June 30, 2025.OtherMy Mother's Money: A Guide to Financial Caregiving, by Beth Pinsker“Beth Pinsker: Lessons From ‘My Mother's Money,'” The Long View podcast, Morningstar.com, Nov. 4, 2025. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.