Podcasts about morningstar

ETF Share Classes Are a Go for Dimensional: Here's What Investors Need to Know On this episode: What was your reaction to the SEC removing these regulatory hurdles? Let's first start with the rule change regarding crypto ETFs. Can you explain what new investment choices could be available, and what would they track? How soon could firms release new crypto ETFs? They're already spot crypto ETFs trading. Could new competition push down fees overall? How have crypto ETFs performed so far in 2025? What crypto ETFs do Morningstar consider solid choices for investors? Morningstar considers crypto a speculative or high-risk asset. Will you remind investors why that is? Let's switch to the SEC's other recent rule change. It has approved Dimensional Fund Advisors to add an ETF share class to its mutual funds. Can you explain what an ETF share class is and provide a brief history lesson on it? More than 70 asset managers have banded together to get permission to offer dual share class funds. How often does that happen, and why in this case? What do individual investors stand to gain from new ETF share classes? Let's flip it. What could they lose? What is the takeaway for investors as a new wave of crypto ETFs and ETF share classes arrive?We talked on last week's Investing Insights about how a US government shutdown would stop the release of economic data, like the monthly jobs report. How could a shortage of data affect the Federal Reserve and others who depend on this information?Let's discuss this week's Markets Brief column. You wrote that the stock market could be on the verge of a so-called “melt up.” Can you explain what that is, and why cycles like this can be dangerous for investors? What are you tracking for next week's Markets Brief column? What to watch from Morningstar. How Inflation, AI, and Budget Battles Will Shape the Stock Market in Q4 Is Your Dividend Income at Risk? Here's How to Spot Dividend TrapsShould You Hold Cash Investments After the Fed Cuts Interest Rates? Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/

Don and Tom dive into a new Morningstar report showing that tactical allocation funds—those run by “smart” managers who actively shift investments—significantly underperformed simple buy-and-hold index portfolios. They unpack why doing nothing often wins, discuss investor behavior gaps, and revisit the power of staying the course. Listener questions follow on mortgage payoffs, TIAA advisory fees, and adjusting stock/bond splits in retirement. The episode wraps with Don revealing his personal creative project—his short story A Chance of Death on his LitReading podcast—and a teaser for his next story, Murder of Crows. 0:23 Morningstar headline: tactical allocation funds lose to “do-nothing” portfolios 1:45 What tactical allocation funds really are (a.k.a. expensive market timing) 2:52 Morningstar urges investors to “stay the course” 3:04 Revisiting “Mind the Gap” and why investors underperform their own funds 4:28 Data comparison: $10k in tactical vs. passive portfolio over 10 years 5:31 Why professionals can't beat buy-and-hold investors 6:51 Human behavior, arrogance, and the illusion of market-timing skill 8:37 The need for a written plan and risk-based portfolio 9:58 If you have a plan, market noise stops mattering 10:22 Tangent: WWII documentaries vs. Taylor Swift's Miss Americana 11:21 Listener question #1 – Paying off a low-rate mortgage vs. investing 13:35 Math and emotion collide: cheap money, liquidity, and peace of mind 15:35 Listener question #2 – TIAA Wealth Management fees and fiduciary standards 18:31 Reading TIAA's ADV: possible fees up to 2% on small accounts 20:08 Comparing local RIAs vs. large institutions 21:08 Clarifying blended fees and fund costs 21:47 Listener question #3 – Vanguard advisor suggesting 60/40 allocation 22:53 Risk tolerance vs. risk need – the real balance 24:05 Investment Policy Statements and Vanguard's advisory limitations 25:46 Call for more listener questions and upcoming Q&A shows 26:15 Don plugs Lit Reading and his new original story “A Chance of Death” 28:24 How AI collaboration shaped the story's creation 30:59 Discussion of his next story, “Murder of Crows” 32:17 Invitation for audience feedback on Lit Reading stories Learn more about your ad choices. Visit megaphone.fm/adchoices

Tune in to another episode of Give The People What They Want! with Peoples Dispatch editor Zoe Alexandra, Indian journalist Prasanth R, and Roger McKenzie, international editor of the Morning Star. This week, they reflect on two years of Israel's onslaught on Gaza, Israel's illegal interception of the Global Sumud Flotilla, the crackdown on civil liberties in the UK, the political crisis in France, protests and violent repression in Ecuador and Peru, and what it means that renewables are overtaking coal as the largest source of electricity.

Today on the podcast, we're welcoming Barry Ritholtz. He's co-founder, chairman, and chief investment officer of Ritholtz Wealth Management, a firm that was launched in 2013. He's the creator and host of Masters in Business, one of the earliest finance-related podcasts. He also regularly posts on The Big Picture, where he's been covering everything investing related since 2003. He is the author of Bailout Nation, and his latest book, How Not to Invest: The Ideas, Numbers, and Behaviors That Destroy Wealth—and How to Avoid Them, has just been published.Background and BooksBarry Ritholtz LinkedInRitholtz Wealth ManagementBailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy, with New Post-Crisis UpdateHow Not to Invest: The ideas, numbers, and behavior that destroy wealth—and how to avoid themPodcasts and MoreMasters in Business podcastThe Big Picture“Masters in Business - Ray Dalio Full Show,” Masters in Business podcast, Nov. 30, 2018“An Interview With Ken Feinberg: Masters in Business,” Masters in Business podcast, Oct. 9, 2015“MiB: Charley Ellis on Rethinking Investing,” Masters in Business podcast, Feb. 21, 2025“Why Fear Is an Investor's Worst Enemy” by Samantha Lamas from the 2017 Morningstar ETF Conference, Morningstar.com, Sept. 12, 2017“Rabbithole: What Do People Get Wrong About Money?” The Big Picture, March 10, 2025“It's Been 40 Years Since Our Cover Story Declared ‘The Death of Equities,' ” by Peter Coy, Bloomberg, Aug. 13, 2019ReadingsWinning the Loser's Game: Timeless Strategies for Successful Investing, Eighth Edition, by Charles D. EllisExpert Political Judgment: How Good Is It? How Can We Know?, by Philip E. TetlockFour Thousand Weeks: Time Management for Mortals, by Oliver BurkemanPrinciples, by Ray Dalio

In this episode, Gabriel Rutledge explores the life and legacy of John Wycliffe — the “Morning Star of the Reformation” — and his conviction that the Word of God should be read and understood by every believer. Through historical insight and biblical reflection, we uncover how Wycliffe's translation of the Bible into English and his call for public Scripture reading became an antidote to doctrinal error and heresy in a time when truth was confined to the clergy. We'll examine how communal reading of Scripture not only preserves theological integrity but also revives faith, exposes false teaching, and re-centers God's people on His Word. This message reminds us that when the Bible is hidden, error thrives—but when it's proclaimed aloud, light breaks through darkness. Key themes: The historical impact of John Wycliffe's translation work Why public reading of Scripture matters in every generation How biblical literacy safeguards the Church from deception Parallels between medieval and modern challenges to truth

Old Testament Reading Psalm 2 (P. 448)New Testament Reading Revelation 22:6-21 (P. 1042)

In this episode, we discuss some key lessons for investors from Morgan Housel's book, Same As Ever.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 currently in presale which is an important time to build momentum. If anyone would like to support this project you can buy the book now. Thanks in advance!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.

Investors' exuberance is fueling this year's stock rally, but will key economic risks dampen the market's mood? The current bull run has lifted stocks from their springtime lows to higher levels in autumn. The artificial intelligence boom is one of the big factors driving it. Meanwhile, the Federal Reserve is dealing with the challenging situation of balancing the weakening job market and stubborn inflation. The Fed cut interest rates for the first time in 2025 in the third quarter, but the path forward from here is less certain. Morningstar Inc Senior Markets Reporter Sarah Hansen discusses seven key market factors you should watch in Q4 2025.Nvidia's investment of up to $100 billion in ChatGPT creator OpenAI could shatter records. The big bet is helping feed two simple narratives about the AI era, according to Dan Kemp, chief research and investment officer at Morningstar Investment Management Europe. First, there's too much investment in the technology, and booms tend to lead to busts. Second, AI has changed the rules of investing and returns. Kemp cautions investors to remember that there are a wide range of possible outcomes than these easy stories.  On this episode:You examine the highs and lows during each quarter and write about it. What do you think are the biggest takeaways from Q3? Stocks are climbing higher despite a lot of risks. What signals is the market ignoring, and could it be at its own peril? The AI boom is driving what's going on in the market. Mega-cap tech companies are making huge investments. Where's the money going, and how long is this level of spending expected to continue? The hot IPO market has benefited from AI. Some of the most successful IPOs this year involved the industry. Can you describe this revival? The first interest rate cut of 2025 is in the books. The Federal Reserve pointed to the softening job market as one reason for the move. What are strategists telling you as the markets await the Fed's next move? Inflation is still not tamed and hovering above the Fed's 2% target. There are expectations that tariffs could raise prices for a while. What are the outlooks from Morningstar and other strategists? As the Fed cuts rates, short-term yields will come down. What about the rest of the bond market? Where do people see the risks? The federal funding fight is continuing in Washington, D.C. Let's timestamp this moment. It's Tuesday, Sept. 30. The US government would shut down on Oct. 1 if there's not an agreement. How does uncertainty like this affect the markets, and what should investors think? Earnings season is coming up in a couple weeks. What is your team watching for? What's the takeaway for investors as we enter Q4?We talked on last week's Investing Insights about inflation. The Federal Reserve's preferred tracker showed inflation slightly ticked up in August as forecasters expected. It also revealed consumer spending rose. What do you think that's signaling about the US economy? In this week's Markets Brief column, you highlighted Nvidia's potentially record-breaking investment. The chipmaker announced it would invest up to $100 billion in OpenAI. How should investors think about this deal?New economic data is due out this week. What are you tracking for next week's Markets Brief? Read about topics from this episode.  13 Charts on Q3's Tech-Driven Stock Rally Will the AI Boom in Semiconductor Stocks Continue? What Investors Need to Know About the Steepening Yield Curve The Fed's ‘Difficult Situation': Reading Between the Lines of the September Dot Plot Forecasts for August PCE Report Shows Some Cooling, but Tariff Impacts Persist What Investors Need to Know About a US Government Shutdown Markets Brief: Nvidia's AI Spending Spree Raises Boom and Bust Fears  What to watch from Morningstar. Is Your Dividend Income at Risk? Here's How to Spot Dividend Traps Should You Hold Cash Investments After the Fed Cuts Interest Rates?What You Need to Know Before Choosing a Stock ETFInvesting in AI? Here Are 6 Undervalued Stocks for Buy-and-Hold Investors Read what our team is writing.Sarah HansenDan KempIvanna Hampton Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/

Tune in to another episode of Give The People What They Want! with Indian journalist Prasanth R and Roger McKenzie, international editor of the Morning Star. In this episode, they reflect on Israel's continued genocide on the people of Gaza, Trump's "peace" plan, major developments at the United Nations General Assembly, the UN's approval of a “Gang Suppression Force” for Haiti, and the youth protests in Morocco and Madagascar.

Jaime Cabanas, director de relación con inversores de Avantage Capital, visita Tu Dinero Nunca Duerme días antes del 11 cumpleaños de la gestora. Avantage Capital celebra el próximo 13 de octubre su decimoprimera conferencia anual de inversores, un encuentro consolidado en el que la gestora expone con transparencia sus decisiones de inversión, los resultados obtenidos y su visión de futuro. El director de relación con inversores de Avantage Capital, Jaime Cabanas, destacaba en una edición especial para suscriptores de Tu Dinero Nunca Duerme los datos que avalan esta trayectoria de la gestora El fondo suma once años consecutivos con una rentabilidad anualizada cercana al 10%, lo que supone un 179,8% acumulado, y lo ha hecho con la mitad de la volatilidad del mercado. De hecho, ha llegado a batir al S&P 500 en los últimos cinco años con un nivel de riesgo de 3 sobre 7. Morningstar lo mantiene en el top 10% de su categoría en todos los horizontes temporales, otorgándole la máxima calificación de cinco estrellas de manera ininterrumpida. Según Cabanas, el secreto de Avantage Fund está en su carácter mixto y flexible: puede invertir del 0 al 100% tanto en renta fija como en variable, ajustando la cartera a las oportunidades de mercado. Actualmente, el 74% está en renta variable y el 18% en renta fija, con compañías que cumplen tres criterios estrictos: equipos directivos alineados con los accionistas, ventajas competitivas sostenibles y precios razonables. En su cartera conviven nombres como Tesla, Nvidia, Prosegur o Renta 4, siempre bajo una filosofía de inversión a largo plazo. Esa independencia se refleja también en su uso disciplinado de coberturas, como la histórica posición sobre el bund alemán que protegió a los partícipes en 2022, o en decisiones prácticas ante operaciones corporativas como la OPA de Catalana Occidente, que permitió salir con un 100% de rentabilidad acumulada más dividendos. Más allá de los números, Avantage Capital destaca por su compromiso con el inversor. Su director de inversiones, Juan Gómez Bada, mantiene un compromiso notarial por el que invierte más del 50% de su propio patrimonio en el fondo, alineando así sus intereses con los de los partícipes. Una práctica poco común en el sector, pero que subraya el principio de "skin in the game" que guía a la firma. En un contexto de cambios regulatorios y de mercado, Avantage Capital también ha alzado la voz en defensa de los minoristas, decía Cabanas, reclamando una reforma de la ley de OPAs para evitar que el pequeño inversor quede en desventaja frente a los grandes accionistas. La filosofía de la casa queda clara: rentabilidad superior con menor riesgo, flexibilidad total y un compromiso real con los inversores. Virtudes que explican por qué, once años después, Avantage Capital sigue sumando confianza, patrimonio y reconocimiento.

Our guest on the podcast today is Kerry Hannon. Kerry is a senior columnist and on-air expert for Yahoo Finance and writes about retirement, jobs, career transitions, entrepreneurship, leadership, and personal finance. She has written 14 books about retirement, careers, and personal finance and is co-author of a new book, Retirement Bites: A Gen X Guide to Securing Your Financial Future. Kerry is a former columnist and contributor for The New York Times, MarketWatch, Forbes, PBS, and AARP. She graduated from Duke University.BackgroundBioRetirement Bites: A Gen X Guide to Securing Your Financial Future, by Kerry Hannon and Janna Herron401(k)s and the Current Market“401(k) Savers Stayed Strong Through Market Volatility, Fidelity Found,” Video interview with Kerry Hannon, kerryhannon.com, June 15, 2025.“Experts Caution Adding Private Assets Like Crypto to 401(k)s,” Video interview with Kerry Hannon, kerryhannon.com, Aug. 17, 2025.“Retirement Savers Are Eager to Invest in Private Assets, New Survey Finds,” by Kerry Hannon, yahoofinance.com, Aug. 25, 2025.“Robust Returns and Steady Saving Yield Record Number of 401(k) Millionaires,” by Kerry Hannon, yahoofinance.com, Sept. 13, 2025.“401(k) Savers Play It Safe, Even as Demand for Private Assets Surge,” by Kerry Hannon, yahoofinance.com, Sept. 9, 2025.Social Security and Target-Date Funds“An Increasing Number of Americans Are Claiming Social Security Early This Year. What's Up?” Video interview with Kerry Hannon, kerryhannon.com, May 14, 2025.“Some Retirees Will See Bump in Social Security Benefits in April,” Video interview with Kerry Hannon, kerryhannon.com, March 26, 2025.“Social Security Benefits Will Rise 2.5% in 2025,” by Kerry Hannon, yahoofinance.com, Oct. 13, 2024.“How to Build Your Own Target-Date Retirement Fund,” by Kerry Hannon, yahoofinance.com, Feb. 15, 2025.“2025 Target-Date Fund Investment Strategy,” Morningstar.com.“Americans' Retirement Vehicle of Choice Just Topped $4 Trillion,” Video interview with Kerry Hannon, kerryhannon.com, May 21, 2025.Return to Office and Job Changes“More Men Are Returning to the Office. Here's Why That Matters to Women,” by Kerry Hannon, yahoofinance.com, July 20, 2025.“Author: Getting Employees Back to the Office Is at an “Inflection Point,'” by Kerry Hannon, yahoofinance.com, Aug. 24, 2025.“Changing Jobs Can Shake-Up Saving for Retirement. Here's How to Avoid That,” Video interview with Kerry Hannon, kerryhannon.com, May 3, 2025.OtherReality Bites (1994 movie)My Social Security account“Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice,” by Scott Cederburg, Aizhan Anarkulova, and Michael S. O'Doherty, papers.ssrn.com, July 10, 2025 (revised).“How Americans View Their Jobs,” by Juliana Menasce Horowitz and Kim Parker, pewresearch.org, March 30, 2023.“Kerry Hannon: Remote Work Trend Benefits Older Workers,” The Long View podcast, Morningstar.com, Oct. 21, 2020.

Illinois announced its own vaccination guidelines, going against the Trump administration, and formed a panel to counter Robert F. Kennedy Jr.'s data collection efforts on people with autism. Crain's contributor Jon Asplund discusses with host Amy Guth.Plus: CFO optimism recovers as tariff uncertainty becomes the new normal, South Works site sold as quantum campus beckons, UChicago sells market data unit to Morningstar in $375 million deal and Spirit Airlines furloughs Chicago flight attendants. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Morningstar's David Swartz expects Nike (NKE) will need to show how it jumped over several hurdles over the last quarter. However, he expects financials to improve both in the U.S. and international markets, including China. David explains why he sees Nike stumbling now so it can leap over hurdles in the current quarter. Tom White turns to the options front for the stock.======== 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

Mike Santoli weighs in on fresh AI bubble chatter as Victoria Greene of G Squared Private Wealth and Northwestern Mutual's Brent Schutte size up the broader markets. Our Emily Wilkins breaks down the final 32 hours before a potential government shutdown. Wheaton Precious Metals CEO Randy Smallwood discusses the surge in metals, Plus, Morningstar's David Swartz previews Nike earnings and what investors should watch next. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carnival Cruise Lines (CCL) just notched its 10th straight quarter of record revenue, but shares fell as investors homed in on incremental costs and headwinds. Assia Georgieva and Morningstar's Jaime Katz discuss the earnings beat and the potential for "sloppiness" in pricing due to added capacity in the Caribbean and Mexican Riviera markets. They also weigh in on Carnival's position in the broader cruising sector, with Georgieva and Katz agreeing that Norwegian Cruise Line (NCLH) may be the most undervalued play, while Royal Caribbean Group (RCL) shares look overvalued.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe 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

In this week's podcast, we dive into why so many investors underperform the very funds they invest in. Drawing on Morningstar's Mind the Gap 2025 research, we explore how “magpie behaviour” — chasing shiny new investments, panicking in downturns, or tinkering too much — quietly erodes long-term wealth. The evidence is clear: bad behaviour can cost over 1% per year, compounding into massive losses over time. But the gap isn't inevitable. This episode shares practical steps to help you capture more of the returns you deserve — and avoid being the magpie. Key Points Morningstar “Mind the Gap 2025” shows investors lose ~1.2% per year due to poor timing and bad behaviour. Chasing shiny investments (like tech, AI, or thematic funds) often backfires. ETFs and bond funds show wider performance gaps due to frequent trading. Behaviour matters more than markets or fees — discipline drives long-term returns. Five ways to close the gap: Automate contributions, rebalancing, and withdrawals Work with an advisor to stay disciplined Focus on low-cost, globally diversified core holdings Keep “fun money” small if dabbling in niche funds Build a margin of safety into your financial plan Disclaimer

Embrace your now and discover the Morning Star Frequency.   Choose Your Frequency Spiritual Frequency Hopping, spiritualfrequencyhopping.com Connect With Me IG: @imanisankofa @sacredlovelessons TikTok: @imanisankofa CREDITS Music by yogic beats (Neptune)

When evaluating a fund, one of the first sets of numbers you'll likely look up is its past returns. But those are not the returns that owners of that fund actually earned. Robert Brokamp speaks with Morningstar's Jeff Ptak about which investor behaviors and types of funds are more associated with underperformance. Also in this episode: -The Russell 2000 finally surpassed its 2021 peak – what's behind the small-cap surge?-The Treasury Department has released preliminary guidance about “no tax on tips”-The spread in yields between investment-grade corporates and Treasuries is the smallest it's been since 1998-A lesson from the life and recent death of financial journalist Jonathan Clements: Don't delay your bucket list until retirement Investments discussed: VOO, QQQ, VTWO, IWC Host: Robert BrokampGuest: Jeff PtakEngineer: Bart Shannon 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

In a listener requested episode, we look at investing and balancing goals outside of super.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 currently in presale which is an important time to build momentum. If anyone would like to support this project you can buy the book now. Thanks in advance!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.

It might be tempting to buy dividend stocks with the highest yields, but not all dividend payers are safe. Those big payouts could be signaling that a company's fundamentals are cracking. Looming financial risks could wreak havoc on income-focused investors' portfolios. But there are ways to spot dividend traps. Morningstar Indexes strategist and columnist Dan Lefkovitz explains how to avoid the risks.Both healthcare and consumer defensive sectors are lagging the broader stock market this year, but for different reasons.Dan Kemp, chief research and investment officer at Morningstar Investment Management Europe, explored what's behind it in this week's Markets Brief column. He says consumer defensive stocks are falling from high valuations, while healthcare stocks are facing significant headwinds like politics and earnings growth. He reminds investors that's why it's important to understand not only what you own in your portfolio, but why you own it as well. On this episode:What is a dividend trap, and under what conditions do they tend to develop? You and your team published research on dividend traps just before Dow Chemical DOW cut its dividend in half over the summer. How does your research explain what happened with Dow? Other well-known brands have also slashed their dividend payouts since 2020. The list includes Shell, Walgreens, and Intel. What warning signs were these companies flashing before their cuts? You have written about how income-focused investors can avoid dividend traps. Let's start with step number one on how to spot them. What is the payout ratio, and what does it tell us about a company's health?The second step focuses on a company's durable competitive advantage or economic moat. Can you describe what that reveals?Your team weeds out dividend payers using a third step that relies on Distance to Default. How does that work, and what did you all find out? How can investors protect their dividend income from risks? Would portfolio diversification help? What's the key takeaway to spot dividend traps?We discussed on last week's Investing Insights that you would focus on the market moves following the Fed's quarter-point cut. How have the US dollar and bond prices reacted?  In this week's Markets Brief column, you zoomed in on the lagging performance of healthcare and consumer defensive stocks. What's important for investors to know?  New data on inflation from the Fed's preferred tracker is set to come out Friday, September 26th. Inflation is hovering above the Fed's 2% target. What are the markets' expectations, and what would a surprise in the data mean for the near future? Read about topics from this episode.  Not All Dividend Stocks Are Safe. Here's How to Avoid Dividend Traps What Investors Can Learn from Dow's 50% Dividend Cut 7 Things You May Not Know About Dividends The 10 Best Dividend Stocks Does Dividend Investing Still Work? Construction Rules for the Morningstar Indexes Distance to Default Markets Brief: AI Investment is Massive in a Cyclical Industry. Will This Time Be Different? What to watch from Morningstar. Should You Hold Cash Investments After the Fed Cuts Interest Rates? What You Need to Know Before Choosing a Stock ETFInvesting in AI? Here Are 6 Undervalued Stocks for Buy-and-Hold InvestorsDo Dividend Stocks Benefit From Non-US Revenue? Read what our team is writing.Dan Lefkovitz Dan KempIvanna Hampton Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/

KBHome's (KBH) mixed earnings report, which beat expectations but lowered its full-year sales outlook, highlights the challenges facing the housing sector. Rising interest rates and inflated construction costs are pricing out many potential buyers, especially first-time homebuyers. However, despite these headwinds, some homebuilders like Lennar (LEN) are finding success with aggressive incentives and an asset-light business model. Frances Stacy and Morningstar's Brian Bernard discuss the sector's prospects, including the potential for a rebound if interest rates fall and the labor market remains strong.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe 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

Today on the podcast, we welcome back two previous guests. Dana Anspach is the founder and CEO of the financial planning firm, Sensible Money, based in Scottsdale, Arizona, and she has been practicing as a financial planner since 1995. Dana is also the author of the lecture series “How to Plan for the Perfect Retirement,” available on The Great Courses, and the author of the books Control Your Retirement Destiny and Social Security Sense. She has begun blogging about her own retirement journey on The Retirement Manifesto website.Fritz Gilbert retired in his mid-50s and has been blogging about his retirement experience ever since. He is the creator of The Retirement Manifesto, and he also wrote a book about retirement called, Keys to a Successful Retirement: Staying Happy, Active, and Productive in Your Retired Years.BackgroundDana Anspach BioSensible MoneyHow to Plan for the Perfect Retirement on The Great CoursesControl Your Retirement Destiny: Achieving Financial Security Before the Big Transition, by Dana AnspachSocial Security Sense: A Guide to Claiming Benefits for Those Age 60-70, by Dana Anspach“Dana Anspach: How to Build an All-Weather Retirement Plan,” The Long View podcast, Morningstar.com, Oct. 18, 2022.Fritz Gilbert BioThe Retirement ManifestoKeys to a Successful Retirement: Staying Happy, Active, and Productive in Your Retired Years, by Fritz Gilbert“Fritz Gilbert: Early Retirement Made Simple,” The Long View podcast, Morningstar.com, Oct. 27, 2021.Blogging and Phases of Retirement“A New Chapter for The Retirement Manifesto,” by Dana Anspach, theretirementmanifesto.com, May 22, 2025.“When to Start Planning for Retirement: Understanding the ‘Pre-Go' Years,” Video with Dana Anspach, sensiblemoney.com, July 2, 2025.“Retirement—My Journey From ‘No, Never' to ‘Maybe One Day,'” by Dana Anspach, theretirementmanifesto.com, June 5, 2025.“The Ten Commandments of Retirement,” by Fritz Gilbert, theretirementmanifesto.com, March 6, 2018.“The 4 Phases of Retirement,” by Fritz Gilbert, theretirementmanifesto.com, Feb. 1, 2024.“Why 28% of Retirees Are Depressed,” by Fritz Gilbert, theretirementmanifesto.com, June 22, 2023.Spending in Retirement and Social Security“Scared to Spend? (You're Not Alone),” by Fritz Gilbert, theretirementmanifesto.com, Nov. 21, 2024.“The Role of Annuities in Retirement Planning 2024,” Webinar with Dana Anspach, sensiblemoney.com, May 24, 2024.“5 Top Regrets of Retirees (and How to Avoid Them),” by Fritz Gilbert, theretirementmanifesto.com, Jan. 30, 2025.“How Social Security Spousal Benefits May Change My Claim Date,” by Dana Anspach, theretirementmanifesto.com, June 26, 2025.“Rethinking the 4% Safe Withdrawal Rule,” by Fritz Gilbert, theretirementmanifesto.com, Nov. 18, 2021.“Don't Cheat Yourself With the 4% Rule! 2021,” Webinar with Dana Anspach, sensiblemoney.com, May 18, 2021.The Safe Withdrawal Rate Series (Early Retirement Now with Karsten Jeske, also known as “Big Ern”)Tax Planning“The Golden Age of Roth Conversions,” by Fritz Gilbert, theretirementmanifesto.com, Oct. 12, 2023.“My Biggest Surprise in Retirement,” by Fritz Gilbert, theretirementmanifesto.com, June 12, 2025.OtherFreedom for FidoThe Four Phases of Retirement: What to Expect When You're Retiring, by Riley MoynesDie With Zero: Getting All You Can From Your Money and Your Life, by Bill Perkins“Guaranteed Income: A License to Spend,” by David Blanchett and Michael Finke, Retirement Income Institute, June 2024.A Richer Retirement: Supercharging the 4% Rule to Spend More and Enjoy More, by Bill BengenAsset Dedication

Wells Fargo's Ohsung Kwon joins to analyze the market action and what he likes into year-end in his first interview since taking over as Chief Equity Strategy. Our Angelica Peebles breaks down Kenvue's volatile two-day stretch. William Kerwin of Morningstar reacts to Micron earnings.Michael Saylor, Strategy Executive Chairman, breaks down bitcoin's recent price action and the trend of Bitcoin treasury companies. Plexo Capital's Lo Toney breaks down who is spending and who is buying in the AI infrastructure buildout.    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

How strong is your dividend growth portfolio? Send it to us for a free evaluation at dcm.team@growmydollar.com. Plus, join our market newsletter for more on dividend growth investing.________When a stock's price is falling, its yield is sky-high, and there's plenty of doubt, it looks like a classic value trap. Does it ever make sense for dividend growth investors to walk into that trap? Sometimes, what's under the hood tells a very different story.In Episode 51, Greg revisits UPS ($UPS), a company we last covered years ago but is now back on our radar for entirely new reasons. Rising wages, Amazon contract changes, and global trade tariffs have cut the stock price in half since 2022, sending its dividend yield toward 8%. At first glance, it looks like the market is pricing it for a dividend cut.But step behind the headlines, and the story gets more compelling: UPS continues to post solid margins, generates strong cash flow, and has the scale and efficiency to remain a leader in global logistics. Even if a dividend cut occurs, investors may still come out ahead with sustainable yields and renewed dividend growth potential. Greg breaks down the scenarios, risks, and catalysts that make UPS a compelling story to consider.Topics Covered: [00:03:32] Why UPS looks like a high-yield “problem child” but may still be a dividend growth play[00:06:20] UPS's history: growth in revenue, profits, and dividends since 1999[00:09:58] The “trifecta” of headwinds—union wage hikes, Amazon contract cuts, and tariffs[00:12:36] Comparing UPS vs. FedEx ($FDX), Amazon ($AMZN), USPS, and DHL in market share and profitability[00:19:57] How AI could improve delivery efficiency[00:21:12] Business metrics, profitability, debt profile, and why UPS's financing signals investor confidence[00:25:27] The dividend dilemma: can UPS sustain its payout, or is a cut coming?[00:27:44] Three scenarios: steady dividend, improved valuation, or a cut that resets growth[00:31:47] Long-term catalysts: tariffs, Amazon shifts, and global trade recovery[00:33:37] What research firms (Morningstar, Value Line) are projecting for UPS[00:34:56] Final take: UPS as a value play that still pays you to waitSend us a textDisclaimer: This discussion is for educational purposes only and not investment advice. If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review RESOURCES: Schedule a meeting with us -> Financial Planning & Portfolio Management Getting into the weeds -> DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on:Instagram | Facebook | LinkedIn | X

By Pastor Dan Nash

Should I collect Social Security early & invest the proceeds into the stock market? This is the age-old question I see on a nearly daily basis in retirement forums. An article from Morningstar - written by Christine Benz and features a conversation with Social Security expert Mary Beth Franklin - gives me the basis for sharing six obstacles for claiming instead of waiting.  Also, we share a listener question about whether retirees should stick with the traditional 60/40 stock-and-bond portfolio or branch out into alternatives like gold, REITs, or managed futures to help with risk management and withdrawal rate. Resource: Article by Christine Benz featuring Mary Beth Franklin on Morningstar: Does It Make Sense to File Early for Social Security and Invest in the Market?   Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Work with Benjamin: https://retirementstartstoday.com/start Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart  Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement  

Luke Yang with Morningstar offers a big picture perspective on what Oracle (ORCL) needs to truly benefit from taking ownership in TikTok. He says Oracle has become a vehicle to benefit from its cloud industry and ties to OpenAI, though it will have work to do if it muscles a deal with the social media giant.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe 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

So we have the prophetic word made more sure, to which you do well to pay attention as to a lamp shining in a dark place, until the day dawns and the morning star arises in your hearts. [1 hour 8 minutes]

God Made Us For CommunityFile Size: 91399 kbFile Type: mp3Download File [...]

There are some obvious red flags that investors intuitively know to steer clear of—high fees, low liquidity, poor performance. Mark and Shani run through three lesser-known red flags to look for when you are choosing an ETF.You can find the full article 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 currently in presale which is an important time to build momentum. If anyone would like to support this project you can buy the book now. Thanks in advance!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.

There's a tug-of-war between investing in cash and long duration bonds in today's interest environment. The longer-end of the yield curve may look more appealing since anticipation is building about interest rate cuts. Morningstar's economics team and market watchers are predicting the Federal Reserve will lower rates more than once in the final months of 2025. What may matter more is the time horizon for your financial goals. Morningstar Inc Portfolio Strategist Amy Arnott has examined why for some investors, sticking with cash is a less risky and better approach.Oracle's transformation is serving as a reminder that big opportunities to invest in artificial intelligence still exist. The database provider's expansion into being a cloud provider recently sparked a 42% jump in its stock price. That caught the attention of Dan Kemp, chief research and investment officer at Morningstar Investment Management Europe. The author of the Markets Brief says one of the big takeaways is that stocks like Oracle are making good use of AI, and investors should look beyond the popular names. In next week's Markets Brief, Dan will dive into how the Federal Reserve's quarter-point rate cut feeds into changed opportunities and risks in the broader markets for the long term. On this episode:Let's start with an explainer. What is cash? Interest rates are a popular topic now. The Federal Reserve is expected to announce its rate decision this afternoon. Morningstar's economics team and market watchers are predicting lower rates. Should bond investors swap short-term Treasury bills for 20- to 30-year Treasury bonds? Talk about why it could be a mistake for bond investors to assume the Fed will cut rates that match predictions.In your article, Why Cash Is Still King for Short-Term Goals, you discussed a couple of reasons why cash yields still look good. Can you explain?What are some of the trade-offs when holding cash? Where are best places to invest cash if you need the money sometime within the next 12 months? Are there any places where people might not want to keep their cash holdings?And what about goals with a time horizon that's a little bit longer—like two or three years? What's the takeaway for investors weighing whether to take on the risk of long-duration bonds?  Read about topics from this episode.  Why Cash Is Still King for Short-Term Goals7 Reasons to Stop Freaking Out Over the FedHow to Use Taxable Bonds in a PortfolioThe Best Bond FundsHow to Use Cash in a PortfolioThe 4 Rules for Cash: How to Manage Your Money the Smart WayMarkets Brief: Can a Bumper Fed Rate Cut Give Stocks Another Boost? What to watch from Morningstar. What You Need to Know Before Choosing a Stock ETFInvesting in AI? Here Are 6 Undervalued Stocks for Buy-and-Hold InvestorsDo Dividend Stocks Benefit From Non-US Revenue?This Classic Investment Strategy Is Still Alive in 2025 Read what our team is writing.Amy C. ArnottDan KempIvanna Hampton Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/

On September 15, the IRS/Treasury announced the much-anticipated final regulations on SECURE 2.0's new limits on catch-up contributions.  In this episode Nevin & Fred talk about what lies ahead.These final regulations apply to retirement plans thatpermit participants who have attained age 50 to make additional elective deferrals that are catch-up contributions—which will now be restricted to Roth for individuals making $145,000 or more (adjusted for inflation), effective in January. A recent Plan Sponsor Council of America survey found thatfewer than 5% of plan sponsors said they were “ready to go” with these changes, while more than 4 in 10 were “struggling with payroll logistics.”  On the other hand, nearly as many (40.2%) said they expected to be ready by January 1. Things to note:1.  This IS going to happen (some had thought/hoped there would be an extension).2.  If your plan doesn't allow Roth, you can't do Roth catch-ups(or catch-ups for those earning more than $145k in FICA wages).  3.  You don't have to allow Roth.  But with this change, you might want to reconsider.  4.  You'll get more time/flexibility to correct mistakes (andthere will surely be mistakes). In this episode we'll also discuss the issues surrounding personalization and personal data: lawsuits challenging utilization for purposes NOT related to the plan—and massive SEC fines for allegedly inadequate disclosures.Episode Resources: Catch-Up “Muster”Breaking News: IRS Releases Final Roth Catch-UpRegulationsAre Plan Sponsors Ready for Roth Catch-Ups?IRS Grants Two-Year Delay in Roth Catch-Up RequirementsAuto-Enrollment and Roth Catch-Up Guidance Proposed byIRSPersonalization IssuesSchlichter Says Empower Improperly Used Data in 401(k)Managed Account PushSchlichter Targets TIAA, Morningstar in Multi-Plan SuitEmpower, Vanguard Managed Account Disclosures TriggerMammoth SEC FinesBonus: Songs to Retire By - Fred Reish  

SBS Finance Editor Ricardo Gonçalves speaks with Blair Chapman from Seek about the latest jobs data which showed a near 41,000 fall in full-time jobs; Lochlan Halloway from Morningstar takes a look at the day's sharemarket action including the reaction to the US Federal Reserve's first interst rate cut this year; and Stephanie Youssef discusses the future of chocolate prices with Paul Joules from Rabobank.

Star ratings are helpful—until they become a shortcut. Morningstar's 1–5 stars are primarily about valuation, not business quality. Learn the smarter way to build conviction and why stock price (or past return) shouldn't drive your decisions. Avoid Price Confusion: Save Your Spot for the Upcoming Webinar Make sure to check out the complete show notes. X: @TheDividendGuy FB: http://bit.ly/2Z7Q5gF YouTube: http://bit.ly/2Zs6r1r DividendStocksRock.com

HEADLINE: MIT Professor Explains the Discovery of Ionic Liquid, Expanding Search for Extraterrestrial Life GUEST AND TITLE: Professor Sara Seager, Massachusetts Institute of Technology; David Livingston, Dr. Space of the Space Show SUMMARY: Professor Sara Seager discusses the accidental lab discovery of ionic liquids, a non-evaporating liquid salt potentially sustaining life on planets without water, expanding the traditional "habitable zone" concept. She envisions future missions like a Solar Gravitational Lens Telescope. For her lifetime, Professor Seager prioritizes privately funded "Morning Star missions" to Venus, beginning with Rocket Lab in 2026, to directly study its cloud particles for signs of life in this overlooked sister planet. 1955

    CBS EYE ON THE WORLD WITH JOHN BATCHELOR SHOW SCHEDULE 1957 9-15-25 GOOD EVENING.  THE SHOW BEGINS IN TROUBLED AMERICA... FIRST HOUR 9-915 HEADLINE: Global Allies Worry About US Division, Adversaries Exploit Weakness GUEST AND TITLE: Ambassador Husain Haqqani, Hudson Institute Director of Eurasia Project; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies SUMMARY: Ambassador Husain Haqqani states US allies are "very worried" by American internal division and extreme rhetoric, unlike past unity. Bill Roggio notes similar European issues, but the US now seems to lead in domestic disorder. Adversaries like China, Russia, and Islamist extremists exploit this polarization, using social media manipulation and citing Western decline. Both emphasize leaders must reduce aggressive rhetoric, promote bipartisan cooperation, and control social media to heal divisions, advocating for unity to counter external exploitation and domestic radicalization. 915-930 HEADLINE: Global Allies Worry About US Division, Adversaries Exploit Weakness GUEST AND TITLE: Ambassador Husain Haqqani, Hudson Institute Director of Eurasia Project; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies 930-945 HEADLINE: Political Crises Deepen in Brazil and Venezuela Amidst US Pressure GUEST AND TITLE: Alejandro Peña Esclusa, Venezuelan writer and thinker; Ernesto Araújo, former Foreign Minister of the Republic of Brazil SUMMARY: Ernesto Araújo discusses former Brazilian President Jair Bolsonaro's conviction for an alleged assassination plot, calling it a "show trial" despite a dissenting judge's opinion. He notes Bolsonaro's failed anti-system movement. Alejandro Peña Esclusa reports a US military buildup near Venezuela, fostering internal military discussions about turning in Maduro. Both believe their countries' fates are linked; Venezuela's liberation could expose a crime network, potentially delegitimizing Lula's regime and fostering broader Latin American freedom 945-1000 HEADLINE: Political Crises Deepen in Brazil and Venezuela Amidst US Pressure GUEST AND TITLE: Alejandro Peña Esclusa, Venezuelan writer and thinker; Ernesto Araújo, former Foreign Minister of the Republic of Brazil SUMMARY: Ernesto Araújo discusses former Brazilian President Jair Bolsonaro's conviction for an alleged assassination plot, calling it a "show trial" despite a dissenting judge's opinion. He notes Bolsonaro's failed anti-system movement. Alejandro Peña Esclusa reports a US military buildup near Venezuela, fostering internal military discussions about turning in Maduro. Both believe their countries' fates are linked; Venezuela's liberation could expose a crime network, potentially delegitimizing Lula's regime and fostering broader Latin American freedom SECOND HOUR 10-1015 HEADLINE: Houthis Remain Undeterred Despite Israeli Strikes and US Sanctions GUEST AND TITLE: Bridget Toomey, Foundation for Defense of Democracies Houthi Watcher; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies SUMMARY: Bridget Toomey reports Houthis continue daily drone and missile launches towards Israel, with Israeli Iron Dome defenses proving effective. Israel responded with strikes on Houthi military and media infrastructure in Sana'a, causing civilian casualties. US Treasury sanctioned 32 Houthi-affiliated individuals/entities for supporting Iranian-backed smuggling networks. Toomey confirms Iran absolutely provides weapons, mostly via ship routes, despite interdiction efforts. She notes Houthis are undeterred, fueled by past attacks, and will likely continue unless Iran is held accountable. Bill Roggio critiques a recent, unsuccessful Israeli strike in Doha. 1015-1030 HEADLINE: Houthis Remain Undeterred Despite Israeli Strikes and US Sanctions GUEST AND TITLE: Bridget Toomey, Foundation for Defense of Democracies Houthi Watcher; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies SUMMARY: Bridget Toomey reports Houthis continue daily drone and missile launches towards Israel, with Israeli Iron Dome defenses proving effective. Israel responded with strikes on Houthi military and media infrastructure in Sana'a, causing civilian casualties. US Treasury sanctioned 32 Houthi-affiliated individuals/entities for supporting Iranian-backed smuggling networks. Toomey confirms Iran absolutely provides weapons, mostly via ship routes, despite interdiction efforts. She notes Houthis are undeterred, fueled by past attacks, and will likely continue unless Iran is held accountable. Bill Roggio critiques a recent, unsuccessful Israeli strike in Doha. 1030-1045 HEADLINE: South Korea's President Accused of Aligning with CCP and North Korea GUEST AND TITLE: Morse Tan, former US Ambassador at Large for Global Criminal Justice; Gordon Chang, author and geopolitical analyst SUMMARY: Morse Tan and Gordon Chang discuss South Korean President Yoon Suk-yeol's policies, including a visa waiver for Chinese tourists, which Tan likens to CCP tactics. Tan claims Yoon aligns with the Chinese Communist Party and North Korea, dismantling counterintelligence and attending parades with Putin and Kim Jong-un. He reports Chinese nationals, pro-Yoon, illegally voted, and a third of South Korean police are reportedly CCP operatives. Yoon'sapproval is low, with most Koreans distrusting the CCP and prioritizing the US alliance. 1045-1100 HEADLINE: China's Advanced Weapon Systems and Global Asteroid Defense Ambitions GUEST AND TITLE: Rick Fisher, Senior Fellow, International Assessment and Strategy Center; Gordon Chang, author and geopolitical analyst SUMMARY: Rick Fisher discusses China's new DF-26D ballistic missile, capable of intercepting aircraft carriers up to 4,000 km, and other advanced unmanned weapon systems surpassing US capabilities. Gordon Chang questions US defense against these hypersonic threats. Fisher notes Russia's Energia space program faces financial distress due to the Ukraine war. China proposes an international asteroid defense, inviting global participation. Fisher warns this PLA-controlled initiative could be a front to develop anti-satellite capabilities and challenge the US in future conflicts. THIRD HOUR 1100-1115 HEADLINE: Ukraine Advances in Sumy, NATO Urged to Boost Russia Sanctions GUEST AND TITLE: John Hardie, Foundation for Defense of Democracies; Bill Roggio, Senior Fellow for the Foundation for Defense of DemocraciesSUMMARY: John Hardie discusses Ukrainian advances in the Sumy border area, noting Russia has redeployed better units to other regions like Donetsk, focusing on areas near Pokrovsk. He suggests Ukraine's counterattacks are part of an active defense, and their focus on Pokrovsk is strategically sound despite manpower shortages. Hardie highlights recent massive Russian drone barrages, including one into Poland, as a "wake-up call" for NATO to improve cost-effective air defenses. He advocates for stronger US secondary sanctions on Russian oil revenue and untying Ukraine's hands for long-range strikes. 1115-1130 HEADLINE: Ukraine Advances in Sumy, NATO Urged to Boost Russia Sanctions GUEST AND TITLE: John Hardie, Foundation for Defense of Democracies; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies130-1145 HEADLINE: MIT Professor Explains the Discovery of Ionic Liquid, Expanding Search for Extraterrestrial Life GUEST AND TITLE: Professor Sara Seager, Massachusetts Institute of Technology; David Livingston, Dr. Space of the Space Show SUMMARY: Professor Sara Seager discusses the accidental lab discovery of ionic liquids, a non-evaporating liquid salt potentially sustaining life on planets without water, expanding the traditional "habitable zone" concept. She envisions future missions like a Solar Gravitational Lens Telescope. For her lifetime, Professor Seager prioritizes privately funded "Morning Star missions" to Venus, beginning with Rocket Lab in 2026, to directly study its cloud particles for signs of life in this overlooked sister planet.1145-1200 HEADLINE: MIT Professor Explains the Discovery of Ionic Liquid, Expanding Search for Extraterrestrial Life GUEST AND TITLE: Professor Sara Seager, Massachusetts Institute of Technology; David Livingston, Dr. Space of the Space Show SUMMARY: Professor Sara Seager discusses the accidental lab discovery of ionic liquids, a non-evaporating liquid salt potentially sustaining life on planets without water, expanding the traditional "habitable zone" concept. She envisions future missions like a Solar Gravitational Lens Telescope. For her lifetime, Professor Seager prioritizes privately funded "Morning Star missions" to Venus, beginning with Rocket Lab in 2026, to directly study its cloud particles for signs of life in this overlooked sister planet FOURTH HOUR 12-1215 HEADLINE: US Diplomat Addresses Failed Doha Strike Amidst Iranian Defiance GUEST AND TITLE: Mary Kissel, Executive Vice President, Stephens Incorporated, former Senior Advisor for the Secretary of State SUMMARY: Mary Kissel discusses Secretary of State Marco Rubio's diplomatic shuttle after an unsuccessful Israeli airstrike in Doha targeting Hamas leadership. Despite the failure, she believes Israel's defense capabilities and past decapitation efforts were incredible, fostering public resolve against terrorism. Kissel notes Qatar's role as a money-laundering center and host of terror groups, despite its strategic importance to the US. She emphasizes that Iran, the world's largest state sponsor of terrorism, remains defiant regarding its nuclear and missile programs, posing an ongoing challenge for Israel and the US.1215-1230 Guest Names: Ahmad Sharawi and Bill Roggio Summary: Ahmad Sharawi and Bill Roggio discuss Al-Sharaa, the self-named president of Syria, who was appointed by militia leaders. His loyalist-drafted constitution grants him extensive powers, with key ministries held by former HTScommanders, and minority representatives serving as mere tokens. Formal Name: Ahmad Sharawi and Bill Roggio, Foundation for the Defense of Democracies 1230-1245 HEADLINE: Genocide Allegations Against Israel Debunked by Expert Analysis GUEST AND TITLE: Peter Berkowitz, Tad and Diane Taube Senior Fellow, Hoover Institution at Stanford University SUMMARY: Peter Berkowitz debunks genocide allegations against Israel, emphasizing the UN definition requires intent to destroy a group. He questions the credibility of the International Association of Genocide Scholars. Berkowitz highlights the absurdity, noting the Palestinian population tripled since the 1980s despite such claims. He attributes propaganda success to Hamas's use of human shields, shifting responsibility for civilian casualties. A comprehensive report systematically refutes claims of deliberate starvation, civilian targeting, and infrastructure bombing, demonstrating Israel's precautions.1245-100 AM HEADLINE: Genocide Allegations Against Israel Debunked by Expert Analysis GUEST AND TITLE: Peter Berkowitz, Tad and Diane Taube Senior Fellow, Hoover Institution at Stanford University SUMMARY: Peter Berkowitz debunks genocide allegations against Israel, emphasizing the UN definition require

HEADLINE: MIT Professor Explains the Discovery of Ionic Liquid, Expanding Search for Extraterrestrial Life GUEST AND TITLE: Professor Sara Seager, Massachusetts Institute of Technology; David Livingston, Dr. Space of the Space Show SUMMARY: Professor Sara Seager discusses the accidental lab discovery of ionic liquids, a non-evaporating liquid salt potentially sustaining life on planets without water, expanding the traditional "habitable zone" concept. She envisions future missions like a Solar Gravitational Lens Telescope. For her lifetime, Professor Seager prioritizes privately funded "Morning Star missions" to Venus, beginning with Rocket Lab in 2026, to directly study its cloud particles for signs of life in this overlooked sister planet. 1959

SMSFs (Self-Managed Super Funds) are increasing in popularity. SMSFs provide a lot of great features. They allow investors to access the investments they want, and in the proportion they'd like to. They allow a level of customisation to invest in asset classes that aren't available through traditional superfunds. The popularity of SMSFs with investors – particularly investors with high balances – has caused the industry to innovate to provide another option. In this episode, Mark and Shani discuss Direct Investment options that may offer a happy middle ground for investors who want control of their portfolio, but not the headache of portfolio administration. You can find the full article 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 currently in presale which is an important time to build momentum. If anyone would like to support this project you can buy the book now. Thanks in advance!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.

Exchange-traded fund launches have continued to accelerate, but not every shiny new strategy is worth owning. Good investment strategies can compensate investors with an appropriate return for the risks they take on. What kinds of ETFs are able to deliver over the long term, and which ones fall short? Dan Sotiroff is joining me today to explain the hidden risks in stock ETFs and what investors should look out for. Dan is a senior manager research analyst for Morningstar Research Services and the editor of Morningstar's ETFInvestor newsletter. Can you talk about the idea that ETFs should be able to compensate investors for the risk they take on? What is an “appropriate level of return”?When looking at the risk and return profiles of ETFs, the term “active risk” often comes up. Can you give us a definition?What kinds of funds have the lowest active risk?Can you give an example of two ETFs that appear similar but take on different levels of risk?You've written that “any stock ETF with fewer than 100 holdings is a red flag.” Why is that?Does the management style of the fund make a difference for concentrated funds? Would a passive, index-tracking ETF run into the same issues as an actively managed ETF?Thematic ETFs are a popular example of concentrated portfolios with high active risk. How have they performed?Do investors tend to miss the timing on thematic funds? It seems like strong returns tend to be short-lived.At Morningstar, we often talk about fees as a predictor of performance. Do you see the same thing here?Should investors always choose a fund that takes on predictable risk? Or are there cases where higher active risk is worth it?What is one takeaway you have for investors that are trying to choose an ETF?  Read about topics from this episode.  Subscribe to Morningstar's ETFInvestor newsletter. The Hidden Risks in New ETFsThe Best ETFs and How They Fit in Your PortfolioMorningstar′s Guide to ETF InvestingPassive Funds Beat Active Amid This Year's Market Volatility What to watch from Morningstar. Investing in AI? Here Are 6 Undervalued Stocks for Buy-and-Hold InvestorsDo Dividend Stocks Benefit From Non-US Revenue?This Classic Investment Strategy Is Still Alive in 2025These 16 Standout Funds Are Making Big Bets. Do They Fit in Your Investment Portfolio? Read what our team is writing.Daniel SotiroffMargaret Giles Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/ 

W. Richard West Jr.. my guest on the podcast is the Founding Director of the Smithsonian Museum of the American Indian .A citizen of the Cheyenne and Arapaho Tribes and a member of the Society of Southern Cheyenne Peace Chiefs, first among equals of the warrior societies among the Cheyenne and central to the governing of the nation on the Council of 44. Where he follows on the paths trod by the great Black Kettle, Dull Knife (aka Morning Star), Lean Bear, Little Wolf and Porcupine, among many others.Richard West was appointed to be the founding director of the National Museum of the American Indian in 1990. He was formally named to the position on May 21, 1990. Following his retirement from the Smithsonian he was asked, and accepted, a role as CEO of the Autry Museum of the American West. A role that certainly challenged Rick to bust a lot of myths and lead him to be acclaimed as a leader who "helped shift the love-hate dynamic between Indigenous people and museums"Though he is modest about this, sharing the credit among his colleagues, Rich was a major force at both the Smithsonian and Autry for steering the mission of the modern museum to a space of collaboration, education, community building and mutual understanding.

Don and Tom dig into international investing — why diversification across borders is essential, why timing international markets is a mistake, and how currency fluctuations affect returns. They revisit Japan's lost decades, talk emerging markets, discuss John Bogle's arguments against international investing, and explain why owning all markets all the time makes the most sense. Listener questions cover tax perceptions about California, long-term return comparisons, 401(k) rollover and Rule of 55 withdrawals, and the realities of retiring abroad — including the sticker shock of Guatemala's healthcare spending. 0:04 Should you invest internationally now that foreign markets are rising? 1:29 Morningstar data shows non-U.S. markets doubling U.S. returns in 2025. 2:38 The dollar's weakness as a key factor in performance. 3:20 Mexico, Brazil, Japan, and China's strong year — but should you chase it? 4:02 Market leadership cycles: U.S. vs. international across decades. 4:50 The “1990 Japan” cautionary tale: why timing single markets can disappoint. 6:17 Concentration risk, emerging markets, and why you need global diversification. 7:33 Exposure to global companies you can't get by owning U.S.-only funds. 8:42 Dimensional's chart shows no country wins every year — own them all. 9:40 Addressing the John Bogle “you already own international through U.S. firms” argument. 10:21 Nestlé example: why local economy exposure matters. 12:45 Listener Greg challenges Don's California tax comment — clarification given. 13:45 State tax comparisons, why there's no perfect tax haven. 14:41 New York vs. California tax burdens — where it's worst. 15:30 Listener Tim asks about long-term return periods — Don points to IFA data. 17:40 1,700+ episodes milestone and show longevity banter. 18:30 Listener Jeff's complex retirement accounts and Rule of 55 rollover question. 19:09 Discussion of retiring abroad and health care concerns in Guatemala. 22:20 U.S. health care spending vs. Guatemala — a sobering gap. 23:39 Gallows humor about quick death and end-of-life planning. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Simple But Not Easy, we're joined by Ryan Murphy, Morningstar's Global Head of Behavioral Insights, to explore how financial advisors can help clients set better goals, avoid costly mistakes, and build lasting trust. We discuss why goals—not asset allocation or stock selection—should be the true starting point of an investment journey, and how a simple multi-step framework can uncover what really motivates clients. Ryan also shares insights from Morningstar's Mind the Gap study, which shows how investor behavior often drags down returns, and explains how advisors can reframe conversations from performance to progress. If you want to better understand what drives investor decisions and how advisors can make the biggest difference, this episode is for you.

James "Jim" Downing is a seasoned compliance professional with over 25 years of experience in the broker-dealer and investment advisory industry. Currently serving as the Chief Compliance Officer of JLL Securities, Jim has held similar roles at esteemed organizations such as Morningstar, Aon, BMO, and JP Morgan. Prior to his corporate positions, Jim worked as a FINRA examiner at the Chicago District Office for 5 years, gaining valuable insights into regulatory compliance. Jim has his Juris Doctorate with honors from Taft Law School and a Masters of Accounting with honors from Roosevelt University.Connect with James: https://www.linkedin.com/in/jamesrdowning/

David Giroux, chief investment officer at T. Rowe Price — named Morningstar's Outstanding Portfolio Manager for 2025 for his work at T. Rowe Price Capital Appreciation — says his allocation fund is holding near its highest levels ever of bonds, specifically intermediate fixed-income, largely because he thinks stocks are overvalued and real growth will remain hard to find. Giroux — who has beaten the average peer in his Morningstar asset class for 17 consecutive years, the longest streak in the entire fund industry — has long disdained investing in foreign stocks and says the rally that 2025 has produced overseas is an anomaly and that no one "should ever feel a need to own an inferior index just for diversification purposes." In the wide-ranging interview, Giroux says that the Magnificent Seven stocks have actually been the Mag 6, plus Tesla, saying that the car maker has no business being in the portfolio of leading securities. David Trainer, president of New Constructs, put Klarna in The Danger Zone in April, when the buy-now, pay-later financial firm was attempting to go public but put off the process in the face of the market's drop after "Liberation Day." Now the company is back attempting an initial public offering, and that brings them back under Trainer's scrutiny again, before they ever get launched as a stock. Natalia Brown, chief consumer affairs and creditor relations officer for National Debt Relief, discusses the firm's survey showing that six in 10 American parents are going into debt for their children. She talks about what parents are foregoing for their own lives to help the kids, and what they are paying for that puts them into debt.

Nvidia counts several of its Magnificent Seven pals as customers buying its sophisticated AI chips. And the world's most valuable company says it could earn even more if geopolitical tensions between the US and China eased. But investors are debating whether the market is experiencing an AI boom or AI bubble. How should buy-and-hold investors think about investing in AI—are there any undervalued stocks left today? Dave Sekera is chief US market strategist at Morningstar Research Services and co-host of The Morning Filter podcast.Learn about the new Morningstar Medalist Ratings for semiliquid funds during a live webinar on Morningstar's YouTube channel on Wednesday, Sept. 10. CEO Kunal Kapoor and ETF and Passive Strategies Research Director Bryan Armour will discuss what investors should know about private assets and the first funds to earn the new rating on the Investors First series.On this episode: Welcome back to Investing Insights, Dave. Nvidia recently wrapped up the Magnificent Seven's earnings season showing AI spending is still strong. What does this mean for the tech-driven stock market rally? Do you think investors' expectations for these mega-cap names are unreasonably high? Why or why not? Nvidia is sitting at the center of a geopolitical rivalry between US and China. The company says they didn't sell its sophisticated AI chips to China in the previous quarter, and that a $50 billion opportunity exists. What do you make of this bottleneck and its impact?  Many market watchers are divided over whether the current environment is an AI boom or AI bubble. Can you talk about Morningstar's outlook?  How should buy-and-hold investors think about investing in artificial intelligence? What are the most undervalued AI stocks right now? What do you think about the big bets Wall Street and Main Street are making on AI? What do you think individual investors should keep in mind?  How is AI transforming Morningstar?  Read about topics from this episode.  Subscribe to The Morning Filter on Apple Podcasts, or wherever you get your podcasts.5 Stocks to Buy Before Their Big Discounts DisappearMarvell Earnings: Buy the Dip and Focus on the FundamentalsNvidia Earnings: No Signs of a Slowdown in Demand for AI ChipsThese Are the Best Mag Seven Stocks to Consider for AI InvestingThe Best AI Stocks to Buy NowInvestors First: Evolving Expectations and Expanding Access What to watch from Morningstar. Do Dividend Stocks Benefit From Non-US Revenue?This Classic Investment Strategy Is Still Alive in 2025These 16 Standout Funds Are Making Big Bets. Do They Fit in Your Investment Portfolio?Market Volatility: Investors Are Seeking Safety in Gold ETFs. Is It Working? Read what our team is writing.David SekeraKunal KapoorIvanna Hampton Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/ 

The managing director for Morningstar Research Services and the author of the Substack column Basis Pointing, Jeff Ptak, talks saving and investing.  It's So Simple Substack: Basis Pointing Learned by Being Burned (short pod series about K-12 403(b) issues) 403bwise.org Meridian Wealth Management Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®). 

Don and Tom dismantle the “passive bubble” trope, walk through Morningstar's active/passive scorecard (great one-year anecdotes vs brutal long-run stats), and recap the steady shift of investor dollars toward indexing. A caller tries to drag the show into politics via data independence (BLS/Fed), prompting a level-headed reminder that markets price reality over rhetoric. The TSP's revamped I Fund gets kudos for finally adding emerging markets (with a nudge to pair it with value tilts outside TSP). Two meaty segments cover long-term care: costs, weak benefits on traditional policies, when hybrids can make sense, and why many households effectively self-insure or rely on Medicaid as the backstop. Another caller asks about Die With Zero; verdict: great mindset—if your plan already covers worst-case needs. 0:05 Holiday opener, calls invite, “passive is a bubble?” setup 2:06 Is price discovery “broken” if money flows to index funds? 2:40 Active still >50% of U.S. fund assets; global passive ≈20% AUM 4:22 Morningstar barometer: 42% of active beat in 1-yr… so 58% didn't 6:36 Long-run stats: 3-yr 17.7%, 5-yr 8.2%, 10-yr 2.5%, 15–20-yr ≈~1% of active beat 8:32 Flows: from 1 in 20 dollars passive ('97) to 1 in 2 today; costs matter 10:58 Caller (Sammamish): data independence, politics, rates, inflation risk; market effects vs reality 16:19 Inbox: TSP update—I Fund now includes EM; still thin on value/small tilts 18:32 Why add small/value (incl. intl); performance pops don't change the case 22:26 Caller (LTC): traditional vs hybrid; math on premiums, caps, Medicaid backstop 26:37 Basic quote math: ~$1,900/yr at 60 for ~$150k cap; lump-sum hybrids trade-offs 29:10 Caller (Maya, Los Altos): Die With Zero—great if plan covers tail risks; most retirees can't 34:38 Caller (Americus, GA): Mutual of Omaha pitch; self-insure debate; taxes/deductions misconceptions 38:55 Wrap: how to send questions; where to get advice Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode we answer emails from Andy, Phil and Brady.  We entertain Andy's musings on small cap value and the economy with crystal balls and complex adaptive systems theory, discuss the foibles of radio personalities attempting to try to be able to comment on what we do -- and their hypocrisies and conflicts of interest --, and touch base with the parent of a special needs child.Links:Phil's link to Radio Personality Podcast:  Query Day - Talking Real Money - Investing Talk - Apple PodcastsMary Tyler Moore Episode:  The Mary Tyler Moore Show S5E23 Ted Baxter's Famous Broadcasters' School (February 22, 1975)Comparison of 60/40 and Golden Ratio Portfolios:  https://testfol.io/?s=eUbVJ2frelJApella Wealth Form ADV:  APELLA WEALTH - Investment Adviser FirmMorningstar Article Re GLDM and DBMF:  How ETF Diversifiers Performed During Market Turmoil | MorningstarBreathless Unedited AI-Bot Summary:Ever wonder why financial advisors insist DIY investing is "too complicated" while charging fees that can consume a third of your retirement income? In this eye-opening episode, Frank Vasquez exposes the hypocrisy behind mainstream financial advice and offers practical alternatives for truly resilient portfolios.When a listener asks whether structural market changes warrant portfolio adjustments, Frank dives into the nature of financial markets as complex adaptive systems. Like a sandpile where it's impossible to predict which grain will cause an avalanche, markets respond to events in unpredictable ways that even the most sophisticated models can't forecast. This reality doesn't mean we should abandon strategy—rather, it underscores why diversification across truly different asset classes matters more than ever.Frank takes aim at financial media personalities who promote oversimplified solutions while dismissing alternatives they don't fully understand. Through careful analysis of SEC disclosures, he reveals how some advisors criticize strategies on air that their own firms use with paying clients. The fixation on "simplicity" often serves as marketing to convince DIY investors they need professional help, while masking fee structures that can extract 1-1.5% of assets annually—an enormous drain on retirement resources.The episode highlights recent Morningstar research confirming what Risk Parity Radio has long advocated: portfolios incorporating alternative assets like gold and managed futures demonstrably outperform traditional 60/40 allocations while reducing volatility. As Frank notes, echoing Einstein, we should make investing "as simple as possible, but no simpler." This wisdom proves especially crucial during withdrawal phases when sequence risk poses the greatest threat to retirement security.Whether you're planning for your own retirement or, like one listener, strategizing for a dependent with special needs who may require lifelong support, this episode offers both practical insights and a framework for evaluating financial advice with clear eyes. In a world where conflicts of interest often distort financial guidance, Frank's independent perspective provides a refreshing and valuable counterpoint.Support the show

Listen Now: Listen and subscribe to Morningstar's The Long View from your mobile device: Apple Podcasts | SpotifyOur guest on the podcast today is Joe Davis, global chief economist at Vanguard and global head of the firm's Investment Strategy Group. He chairs the firm's Strategic Asset Allocation Committee, which governs multi-asset class investment solutions. And he is a member of the senior portfolio management team of Vanguard's Fixed Income Group. Joe is the author of a new book called Coming Into View: How AI and Other Megatrends Will Shape Your Investments. Joe earned his B.A. from St. Joseph's University and his master's and Ph.D. in economics at Duke University.BackgroundBioComing Into View: How AI and Other Megatrends Will Shape Your InvestmentsTariffs and Treasury Bonds“Tariffs and Market Volatility: Perspectives for Investors,” by Joe Davis, vanguard.com, April 7, 2025.“Vanguard Warns of 9% Treasury Bond Yields if Deficits Keep Ballooning,” by Sam Bourgi, investorsobserver.com, June 17, 2025.“US Equity Outperformance,” video commentary by Joe Davis, vanguard.com, Feb. 4, 2025.Artificial Intelligence and Megatrends“America Needs an AI Boom to Grow Out of Our Debt Problem. There Is No Guarantee,” by Joe Davis, barrons.com, May 23, 2025.“AI's Impact on Productivity and the Workforce,” by Joe Davis, vanguard.com, March 4, 2025.“Active Investing? Don't Overlook Value in the Age of AI,” by Joe Davis, vanguard.com, Feb. 20, 2025.“Megatrends and the US Economy, 1890-2040,” by Joe Davis, Lukas Brandl-Cheng, and Kevin Khang, papers.ssrn.com, June 10, 2024.Other“Joe Davis: ‘We Will See China-Like Growth for a Time in the United States,'” The Long View podcast, Morningstar.com, April 14, 2021.

Independence, Missouri, was to be the culmination of the Saints' dreams and revelations for the establishment of Zion in the last days. Many were obedient and gave everything they had to create Zion and others were disobedient and lacked Faith. A number of mistakes were made by the Saints and the Missourians. The results were tragic. What went wrong in Missouri? Was the prophet Joseph Smith wrong about the revelations he received? Why did the Lord send the Saints to Independence, if he knew they would fail? If the failure of the establishment of Zion was due to sin, what sins did the Saints commit that brought them such horrible troubles? As relations between the Saints and the Missourians soured, Jackson County leaders demanded a meeting. At the July 20th meeting, the Jackson County leaders gave the Saints a list of demands: 1) No more Mormonites could settle in Jackson County. 2) Those already in the county must sell their property and leave as soon as possible. 3) Printing of 'The Evening and the Morning Star' must stop immediately. 4) The church storehouse and shops must close as soon as possible. Not knowing exactly what to do and needing to seek the prophet's counsel, Bishop Edward Partridge asked for three month stay to communicate with the Prophet in Ohio. The Missouri leaders refused. In the end, they gave the Bishop fifteen minutes to decide to accept the terms. His unwillingness to obey the order led to him being tarred and feathered in front of the Independence courthouse. The expulsion of the Saints from Missouri had begun. Join Lynne Hilton Wilson and professor Janiece Johnson as they discuss the details behind this exciting and tragic period of Church History. Thank you for joining us at Scripture Central! We hope that you have enjoyed this content.