Podcasts about portfolios

In this episode we answer emails from Pete, Kevin and Dale.  We discuss Pete's "Berry Pie" portfolio experiments on the testfolio site, the ongoing debate about the size and value factors and why it doesn't matter that much for constructing diversified portfolios due to Shannon's Demon, and some basics on the process for constructing portfolios moving from asset classes to specific ETFs.We also roll out our "Top of the T-Shirt" Matching Campaign to benefit the Father McKenna Center.  Please support the Father McKenna Center by visiting their website and mentioning "Risk Parity Radio" in the dedication box when donating. Your contribution will be matched dollar-for-dollar and help provide meals and services to homeless and hungry people in Washington DC.And THEN we our go through our weekly and monthly 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 CenterPete's Test Portfolios Analysis:  https://testfol.io/?s=cTkuwqvwzMSShannon's Demon Article:  Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio ChartsMeb Faber Interview of Professor Ken French:  Famed Finance Expert Kenneth French Reveals: Most Dangerous Investor FallaciesBreathless Unedited AI-Bot Summary:Ever walked into a dive bar and found unexpected wisdom? That's Risk Parity Radio—a refreshingly honest approach to investing where movie quotes mix with mathematical principles, and portfolio theory comes without the corporate jargon.In this episode, Frank Vasquez launches the "Top of the T-Shirt Campaign," where an anonymous donor will match up to $15,000 in listener contributions to the Father McKenna Center. This small but mighty charity serves thousands of meals to homeless and hungry people in Washington DC with remarkable efficiency, using a $1.5 million budget, donated space, and an army of volunteers to maximize impact.The heart of the episode tackles a fundamental investing misconception—that we include value stocks or small cap funds because they'll outperform. Frank explains that diversification isn't about prediction but about mathematical certainty: "That's Shannon's Demon. If you have two assets with similar long-term performance but they aren't fully correlated, you're better off holding both than either one alone." By splitting stock holdings between growth and value, investors create systematic rebalancing opportunities when these segments diverge—as they dramatically did in 2022, when growth cratered while value remained relatively stable.Listeners get practical portfolio construction wisdom too: start with your goals, select appropriate asset classes, then choose specific funds—not the other way around. Frank emphasizes that ETFs have made mutual funds largely obsolete for new investments, offering better tax efficiency and portability.Weekly portfolio reviews reveal gold's continued dominance (up 28% YTD) while diversified portfolios showed modest gains despite volatile markets. Risk parity approaches demonstrated their resilience, with the Golden Butterfly portfolio up 3.13% year-to-date and 38.12% since inception in 2020.Ready to build a portfolio that doesn't require predicting winners? Want to support a worthy cause while learning? This episode combines financial wisdom with practical generosity—a perfect introduction to the Risk Parity Radio approach.Support the show

Today's guest is Alex Wright, Global Wealth Strategist at Apollo. In today's episode, Alex discusses the fragility of public markets, citing high valuations, rising correlations, and limited diversification opportunities, which prompt a need to reassess traditional 60/40 portfolios. Then he walks through the opportunity in private markets, including private equity, private credit and infrastructure. Alex explains why private assets can offer a potential pathway to enhanced diversification and capture opportunities in an expanding and evolving investment universe. (0:00) Starts (1:58) Alex's market overview and economic outlook (4:08) Public market valuation (15:07) Private markets potential (24:42) Private equity and credit opportunities (36:37) Comparison of public and private opportunities (40:16) Infrastructure investment opportunities (42:26) Alex's most memorable investment ----- Follow Meb on⁠ X⁠,⁠ LinkedIn⁠ and⁠ YouTube⁠ For detailed show notes, click ⁠here⁠ To learn more about our funds and follow us, subscribe to our ⁠mailing list⁠ or visit us at⁠ cambriainvestments.com⁠ ----- Sponsor:⁠ YCharts⁠ enables financial advisors to make smarter investment decisions and better communicate with clients. Get 20% off your initial YCharts Professional subscription when you start your free trial. Follow The Idea Farm: ⁠X⁠ | ⁠LinkedIn⁠ | ⁠Instagram⁠ | ⁠TikTok⁠ ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include ⁠Ed Thorp⁠, ⁠Richard Thaler⁠, ⁠Jeremy Grantham⁠, ⁠Joel Greenblatt⁠, ⁠Campbell Harvey⁠, ⁠Ivy Zelman⁠, ⁠Kathryn Kaminski⁠, ⁠Jason Calacanis⁠, ⁠Whitney Baker,⁠ ⁠Aswath Damodaran⁠, ⁠Howard Marks⁠, ⁠Tom Barton⁠, and many more.  ----- Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠). Learn more about your ad choices. Visit megaphone.fm/adchoices

Working with a Wealth Manager vs an Asset Manager, Reasons not to pay off your mortgage, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos

With markets rebounding on the back of a 90-day tariff pause and U.S.-China Trade talks, investors are asking: Is now the time to buy, or wait for the next drop? In this episode of Rise Up, Rise Growth Partner's Joe Duran is joined by Scott Schwartz and Alexis Miller of Bleakley Financial to break down what's really driving the markets and how disciplined investors should respond. What you'll learn: What the U.S.-China tariff pause means for stocks, bonds, and small businesses (there's no trade deal yet) Whether the Mag 7 comeback is sustainable or overhyped Why international and value stocks could outperform in 2025 The smartest way to build a bond portfolio in today's rate environment Where Bitcoin fits inside a diversified plan Why regular rebalancing beats market-timing every time Why small-cap stocks are lagging, and what that signals for the economy Stay calm, stay disciplined, and make smarter moves in a headline-driven market. Chapter:02:09 - Markets Recover, But…? 05:47 - Inflation Surprise: What Does It Mean for Portfolios? 07:28 - Bonds in Focus: High-Quality or High-Yield? 11:47 - Private Credit: Hidden Yield or Hidden Danger? 12:30 - Magnificent Seven: Still a Buy After the Bounce? 15:16 - FOMO vs Discipline: When to Rebalance 19:29 - Bitcoin's Role: Diversifier or Tech Proxy? 23:51 - The BIG Topic: 90-Day China Tariff Pause: What It Means for Markets 24:07 - Viewer Question: What Does The U.S.-China “Deal” Mean for Markets Short-term and Long-term? 28:07 - Viewer Question: How Do I Manage My Portfolio Right Now? 31:24 - Viewer Question: How Much To Set Aside If My Business Fails? 35:15 - The Big Three Next Week Volatility got you concerned? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/3F6XMN0 Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #Markets #StockMarket #Tariffs #TechStocks #Bitcoin #Mag7 #BondMarket #PortfolioStrategy #FinancialPlanning #EconomicOutlook #SmartInvesting ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Investing Power Hour is live-streamed every Thursday on the Chit Chat Stocks Podcast YouTube channel at 5:00 PM EST. This week we discussed:(02:27) Exploring Nu Bank's Growth and Market Potential(09:04) Instacart's Business Model and Market Position(16:50) Airbnb's New Services and Market Strategy(33:41) Challenges Facing UnitedHealth and Industry Insights(36:05) UnitedHealth's Turmoil and Market Reactions(41:21) Bubble Watch: Basic Capital's Risky Leverage(48:39) Earnings Insights and Market Trends(57:57) AI in Commerce: Trusting Technology for Purchases(01:01:34) Chime's IPO: A Potential Investment Opportunity*****************************************************JOIN OUR NEWSLETTER AND CHAT COMMUNITY: https://chitchatstocks.substack.com/ *********************************************************************Chit Chat Stocks is presented by Interactive Brokers. Get professional pricing, global access, and premier technology with the best brokerage for investors today: https://www.interactivebrokers.com/ Interactive Brokers is a member of SIPC. *********************************************************************FinChat.io is The Complete Stock Research Platform for fundamental investors.With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.Use our LINK and get 15% off any premium plan: ⁠https://finchat.io/chitchat *********************************************************************Bluechippers Club is a tight-knit community of stock focused investors. Members share ideas, participate in weekly calls, and compete in portfolio competitions.To join, go to ⁠Blue Chippers and apply! Link: ⁠https://bluechippersclub.com/*********************************************************************Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.

Working with a Wealth Manager vs an Asset Manager, Reasons not to pay off your mortgage, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San CarlosSee omnystudio.com/listener for privacy information.

On this episode of the Passive Income Playbook, Pascal Wagner interviews Michael O'Shea, Head of Private Wealth at Origin Investments. Michael shares how his firm has built a $3.3B portfolio offering institutional-quality investments to high-net-worth individuals, particularly through tax-advantaged vehicles like DSTs and Opportunity Zone funds. The episode dives deep into the mechanics, benefits, and misconceptions around both strategies—highlighting when each is appropriate, how they support estate planning, and their roles in diversifying and deferring or eliminating taxes. Michael also addresses regulatory expectations and why Origin's vertically integrated model gives investors access to highly curated, risk-managed real estate opportunities. Michael O'Shea Current Role: Head of Private Wealth, Origin Investments Based in: Chicago, IL Say hi to them at: origininvestments.com → Book a call via team page Get a 4-week trial, free postage, and a digital scale at ⁠https://www.stamps.com/cre⁠. Thanks to Stamps.com for sponsoring the show! Post your job for free at https://www.linkedin.com/BRE. Terms and conditions apply. Try Huel with 15% OFF + Free Gift for New Customers today using my code bestever at https://huel.com/bestever. Fuel your best performance with Huel today! Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

S and P 500 falls for the first time in four sessions putting its three-day winning streak at risk, Walmart warns that higher are prices coming soon due to tariffs at the end of May, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos

S and P 500 falls for the first time in four sessions putting its three-day winning streak at risk, Walmart warns that higher are prices coming soon due to tariffs at the end of May, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San CarlosSee omnystudio.com/listener for privacy information.

Stephen Grootes speaks to Gary Booysen, Director at Rand Swiss and Hlelo Giyose, Chief Investment Officer and Principal at First Avenue Investment Management about different types of listings on local and international markets. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Patrick O'Hare from Briefing.com provides an update on the uncertain market conditions, Markets feeling a little cheeky, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos

Patrick O'Hare from Briefing.com provides an update on the uncertain market conditions, Markets feeling a little cheeky, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San CarlosSee omnystudio.com/listener for privacy information.

S and P 500 rises erasing loss for 2025 and back into positive territory for the year as investors extended gains seen in the previous session due to easing U.S. China trade tensions, Managing Director of Investments at EP Wealh Adam Phillips looks at the current markets, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos

Graphic designers pour blood, sweat, and sleepless nights into their portfolios—only to be ghosted, passed over, or worse… completely forgotten. The harsh truth? Good design doesn't speak for itself. And if your portfolio isn't telling a story, it's telling the wrong one.In this no-holds-barred episode of The Angry Designer, we expose why most design portfolios fail—regardless of how good the work is—and what actually makes creative professionals unforgettable.Straight from our experience reviewing student portfolios at CropCon 2025 in Austin, we break down the real problem with Graphic Design portfolios. You'll learn why storytelling is your secret weapon, how to lead with personality, and the exact framework to pitch like a pro—whether you're just starting out or 20 years in.Forget the fluff. This is the portfolio reality check you didn't know you needed.In this episode, you'll learn:The 3 deadly mistakes killing your portfolio pitchWhy being memorable matters more than being perfectThe storytelling structure that gets designers hiredIf you're tired of being overlooked, underestimated, or just plain forgotten—this one's for you.Stay Angry our Friends –––––––––––Join Anger Management for Designers Newsletter at https://tinyurl.com/mr4bb4j3Want to see more? See uncut episodes on our YouTube channel at youtube.com/theangrydesigner Read our blog posts on our website TheAngryDesigner.comJoin in the conversation on our Instagram Instagram.com/TheAngryDesignerPodcast

 In this episode of Durable Value, Ryan discusses building resilient investment portfolios in unpredictable economic conditions. The discussion includes the impact of inflation and recession fears, key attributes of a resilient portfolio, the importance of geographic diversification, and strategies for weathering economic downturns. 00:00 Introduction 00:42 Economic Uncertainty: Inflation vs. Recession 01:34 Core Investment Foundations 02:29 Diversification for Stability 07:18 Debt Strategies for Resilient Investments 09:15 Controlling Assets in Downturns 

Zed Francis says markets went from "very elevated" volatility to much more "fair" level over the span of weeks. He believes the VIX hovering around 18 signals a "moderate bull market stance." However, Zed notes that can change quickly and urges investors to find room in portfolios for volatility. He's paying attention to the treasury curve near-term and talks about recession indicators to watch.======== 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

S and P 500 rises erasing loss for 2025 and back into positive territory for the year as investors extended gains seen in the previous session due to easing U.S. China trade tensions, Managing Director of Investments at EP Wealh Adam Phillips looks at the current markets, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San CarlosSee omnystudio.com/listener for privacy information.

The UK Investor Magazine was thrilled to welcome Ed Croft, Founder and CEO of Stockopedia, to the podcast to explore how investors can employ rules-based stock picking to build market-building portfolios.Register for ‘The Smarter Way to Build a Market-Beating Share Portfolio‘ webinar here.Stockopedia provides investors with proprietary analysis tools to assist their stock selection. Based on a QVM philosophy (Quality, Value, and Momentum), these tools give investors the data required to build their own rules-based portfolio. Ed outlines the methodology behind the philosophy and the key company characteristics it seeks out.Ed provides deep insight into Stockopedia's NAPS portfolio built on the philosophy, outlining the stock selection methodology behind the portfolio that has returned an annualised 13% since inception, outperforming the S&P 500.We discuss NAPS best performers since its inception, including Games Workshop, Dart Group and Jet2.Rules-based investing can help remove the emotional element of investing. Ed discusses how investors can help manage the psychology of investing to focus on the core metrics of a company's performance.Discover the strategy that's outperformed every UK equity fund over the past decade. Join a free webinar with Ed Croft, CEO & Co-Founder of Stockopedia, as he reveals how everyday investors can build a market-beating stock portfolio.Register here. Hosted on Acast. See acast.com/privacy for more information.

This investor quit her job for good, with just four rental properties. Not 40, not 400—four rentals. And she's not looking to grow much beyond that. You've heard other investors talk about owning dozens, even hundreds of rental units, but you DON'T need to get to that scale to reach financial freedom. Antoinette Munroe is proof of that. After countless “I hate my job” Google searches, Antoinette found the FIRE movement (financial independence, retire early). This prompted her to start saving and investing at a far greater speed than before, hopefully giving her enough runway to quit. She had saved enough to buy her first house—but realized it could actually make her money. The accidental real estate investor was born! Fast forward around a decade later, Antoinette owns four rental properties with very high cash flow. She's done flips, learned to renovate and rehab homes, added additions to increase value, split properties in two, and done whatever it takes to make more from one house. But does Antoinette want more rental units? Not really. She's happy with her small and mighty real estate portfolio—unless an investment in one of her vacation destinations comes up for sale! In This Episode We Cover: Why you DON'T need a large rental property portfolio to quit your job The unique, high-cash flow rental properties Antoinette focuses on today Doubling your cash flow by “splitting” rentals with the right amount of space How to fight city code enforcement fines and reduce them by 90% Using a HELOC to buy rental properties (and get ALL your money back via BRRRR!) And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest BiggerPockets Forums BiggerPockets Real Estate 710 - How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus! Grab the Book, “The Small and Mighty Real Estate Investor” Sign Up for the BiggerPockets Real Estate Newsletter Find Investor-Friendly Lenders BiggerPockets Real Estate 710 - How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe Connect with Antoinette Connect with Dave   Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1120 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. tariffs on Chinese goods down to 30 percent while Chinese tariffs on U.S. imports to 10 percent, Analysts expect China tariffs to slide to 15 percent by end of negotiations, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos

“What was I thinking?” “A shit show to be honest”,The last 5 years have been a wild ride in markets. Our portfolios tell that story. Today we directly compare what our portfolios looked like in 2020 to today in 2025 to see: how much we've learnt, the biggest position changes and whether we've been practicing what we preach? We cover: - A full breakdown of every holding in our 2020 core AND satellite portfolios- How that compares to our 2025 holdings- What asset allocations have changed the most and why - Our biggest holding, allocation or strategy change from 2020 to 2025 Resources:

U.S. tariffs on Chinese goods down to 30 percent while Chinese tariffs on U.S. imports to 10 percent, Analysts expect China tariffs to slide to 15 percent by end of negotiations, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San CarlosSee omnystudio.com/listener for privacy information.

What we can learn from Athletes, Real Estate versus Stocks, Warren Buffett quotes, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos

What we can learn from Athletes, Real Estate versus Stocks, Warren Buffett quotes, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San CarlosSee omnystudio.com/listener for privacy information.

Stocks were higher after President Donald Trump announced that a trade deal between the U.S. and United Kingdom had been struck, Tech shares rose, boosted on news that the Trump administration is preparing to rescind artificial intelligence chip controls that would have taken effect later this month, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos

Stocks were higher after President Donald Trump announced that a trade deal between the U.S. and United Kingdom had been struck, Tech shares rose, boosted on news that the Trump administration is preparing to rescind artificial intelligence chip controls that would have taken effect later this month, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San CarlosSee omnystudio.com/listener for privacy information.

Patrick O'Hare from Briefing.com provides an update on the uncertain market conditions, Stocks are waiting on the latest updates on U.S. trade negotiations and looked toward the Federal Reserve interest rate announcement expected later in the day, More on the Pints and Portfolios event on Saturday May 24th from 12pm to 2pm in San Carlos

Patrick O'Hare from Briefing.com provides an update on the uncertain market conditions, Stocks are waiting on the latest updates on U.S. trade negotiations and looked toward the Federal Reserve interest rate announcement expected later in the day, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San CarlosSee omnystudio.com/listener for privacy information.

The market's been messy – but the Finimize Portfolios were built for mess. In today's episode, we sit down with Finimize analyst Stéphane Renevier to dig into this report on how a rules-based strategy kept beating the S&P 500 while everything else was slipping. From momentum magic to slow-and-steady wins, we unpack what's working – and why gut instinct isn't in the driver's seat.Try Finimize Pro

Stocks slipped as investors awaited the Federal Reserve's policy decision and watched for signs of progress in global trade deals, Managing Director of Investments at EP Wealh Adam Phillips looks back at the April rebound, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos

Stocks slipped as investors awaited the Federal Reserve's policy decision and watched for signs of progress in global trade deals, Managing Director of Investments at EP Wealh Adam Phillips looks back at the April rebound, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San CarlosSee omnystudio.com/listener for privacy information.

Morgan Stanley Research analyst Mark Schmidt and Investment Management's Craig Brandon discuss the heightened uncertainty in the U.S. municipal bonds market.Read more insights from Morgan Stanley.For a full list of episode disclosures click here.----- Transcript -----Mark Schmidt: Welcome to Thoughts on the Market. I'm Mark Schmidt, Morgan Stanley's Head of Municipal Strategy.Craig Brandon: I'm Craig Brandon, Co-Director of Municipal Investments at Morgan Stanley Investment Management.Mark Schmidt: Today, let's talk about the biggest market you hardly ever hear about – municipal bonds, a $4 trillion asset class.It's Monday, May 5th at 10am in Boston.Mark Schmidt: If you've driven, flown, gone to school or turned on a tap, chances are munis made it happen. Although munis are late cycle haven, they were not immune to the latest bout of market volatility. Craig, why was April so tough?Craig Brandon: So, what we say in April, it was sort of the trifecta of things that happened that were a little different than other asset classes. The first thing that happened is we saw a significant increase in treasury rates – and munis are generally correlated to treasuries. We're a very high-quality asset class, that's viewed as a duration asset class. So, one thing we saw were rates going up. When we see rates going up, you generally see money coming out of the market, right? So, I think investors were a little bit impacted by the higher rates, the correlation to treasuries, the duration, and saw some flows out of the market.Secondly, what we saw is conversation about the tax exemption in Washington D.C. What that did is it caused muni issuers to pull their issuance forward. So, if you're an infrastructure issuer, you are issuing bonds in the next year to year and a half; you're going to pull that forward because if there's any risk of loss of the tax exemption, you want to get these bonds issued today. So that's basically what drives technicals. It's supply and demand. So, what we saw was a decrease in demand because of higher rates; an increase in supply because of issuance being pulled forward.And the third part of the trifecta we refer to is the conversations about the economy. So, I would put that, it's sort of a distant third, but there's still conversations about maybe credit weakness driven by a slowing economy.Mark Schmidt: Craig, your team has been through a lot of tough market cycles. Given your experience, how did the most recent selloff compare? And why was it not like 2008?Craig Brandon: I started my career back in 1998 during the long-term capital management crisis. I lived through 2008. I lived through the COVID crisis, and you know, really when I look at the crisis in 2008 – no banks went out of business three weeks ago, right? In 2008 we were really sitting on a trading desk wondering where this was going to end.You know, we had a number of meetings with our staff, over the last couple weeks explaining to them why it was different and how. Yes, there was some volatility here, but you could see that there was going to be an end to this, and this was not going to be a permanent restructuring of the market. So, I think we felt comfortable. It was very different than 2008 and it really felt different than COVID.Mark Schmidt: That's reassuring. But with economic growth set to slow sharply, how does your credit team think the fiscal health of America's state and local governments will hold up?Craig Brandon: Well, remember state and local governments, and when we're talking about munis, we're also talking about other infrastructure asset classes like water and sewer bonds. Like, you know, transportation, bonds, airports. We're talking about toll roads.They went into this with a very strong balance sheet, right? Remember, there was a lot of infrastructure money spent by the federal government during COVID to give issuers money to make it through COVID. There's still a lot of money on balance sheets. So, what we do is we're going into this crisis with a lot of cash on balance sheets, allowing issuers to be able to withstand some weakness in the economy and get through to the other side of this.Mark Schmidt: Not only do state and local governments have a lot of cash, but they're just not that impacted by tariffs, right? So why did muni yields perform worse than U.S. treasuries over the past couple of weeks?Craig Brandon: Right. It really… We're technically driven, right? The U.S. muni market is more retail driven than some other asset classes. Remember – investment grade corporates, treasury bonds, there's a lot of institutional buyers in those markets. In the municipal market, it's primarily retail driven.So, when you know, individual retail investors get nervous, they tend to pull money out of the market. So, what we saw was money coming out of the market. At the same time, we saw an individual increase in more bonds, which just led to very weak technicals, which when we see that it eventually reverses itself.Mark Schmidt: Now I almost buried the lede, right? Why invest in munis? Well, they're great credit quality, but they're also tax free. In fact, muni bonds have been exempt from federal taxes for over a century. You have a lot of experience putting together tax bills, and right now people are worried about tax reform. Do you think investors should be concerned?Craig Brandon: Listen. I'm not really losing a lot of sleep at night over the tax exemption. And I think there's other, you know, issues to worry about. Why do I say that?As you mentioned Mark, I spent the early years of my career working for the New York State Assembly Ways and Means Committee. I spent seven years negotiating budgets and what that did is it gave me a window – into how, you know, not only state budgets, but the federal budget gets put together.So, what it also showed me was the relationship between state and local elected officials and your representatives in Congress and your representatives in the Senate. So, I know firsthand that members of Congress and members of the Senate in Washington have very close relationships with members of the state legislatures, with governors, with mayors, with city council members, with school board members – who are all delivering the message that significantly higher financing costs that could potentially happen from the loss of the exemption, could be meaningful to them.And I think members of Congress and members of the Senate and Washington get it. They understand it because they were all there when it happened. The last time the muni exemption came under fire was back in 2012; and in 2012, a lot of members of Congress were in the state legislature back then, so they understand it.Mark Schmidt: That's reassuring because right now, tax equivalent yields in the muni market are 7 to 8 per cent. That's equal to or greater than the long run rate of return on the stock market. So, whether to invest in the muni market seems pretty straightforward. How to invest in the muni market? Well, with 50,000 issuers, that's a little complicated. How do you recommend investors get exposure to tax-free munis right now?Craig Brandon: Well, and that is a very common question. The muni market can be very confusing because there are just so many bonds out there. You know, over 50,000 issuers, there's over a million individual CUSIPs in the muni market.So as an individual investor, where do you start? There's different coupon structures, different call structures, different maturity structures, ratings. There's so many different variables that go into a decision in investing in muni bonds.I can make an argument that you could probably mimic the S&P 500 with 500 different stocks. But most muni indices are over 50,000 constituents. It's very difficult to replicate the muni market by yourself, which is why a lot of people, you know, they let professional money managers, do the investing for them. Whether you're looking at mutual funds, whether you're looking at separately managed accounts, whether you're looking at exchange traded fund ETFs, there's a lot of different ways to get exposure to the muni market. But with the huge amount of choices you have to make, I think a lot of individual investors would just let a professional with the experience do it.Mark Schmidt: And active managers let you customize portfolios to your unique tax situation and risk tolerance. So, Craig, a final question for you. How do munis fit into a diversified portfolio?Craig Brandon: Munis are generally the stable part of most people's portfolios. Remember, you don't have a choice of whether you're going to pay your taxes or not. You have to pay your taxes, you have to pay your water bill, you have to pay your power bill. You have to pay tolls on highways. You have to pay airport fees when you buy an airline ticket, right?It's not an option. So, because the revenue streams are so stable, you see most muni bonds rated AA or AAA. The default rate for rated munis is significantly below 1 per cent. It's something in the ballpark of about 0.2 per cent*. So, with such a low default rate – listen, we're technically driven, as I said. You see ups and downs in the market. But over a longer period of time, munis can give you generally stable returns, tax exempt income over the long term, and they're one of the more stable asset classes that you see in your overall portfolio.Mark Schmidt: That sounds boring, and I mean that in the best possible way. Craig, thanks so much for your time today.Craig Brandon: Thanks, Mark, happy to be hereMark Schmidt: And thank you for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.*“US Municipal Bond Defaults and Recoveries, 1970-2021” – Moody's Investor ServicesDisclosure: Past performance is no guarantee of future results. The returns referred to in the commentary are those of representative indices and are not meant to depict the performance of a specific investment.Risk ConsiderationsDiversification does not eliminate the risk of loss.There is no assurance that a portfolio will achieve its investment objective. Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the portfolio will decline and that the value of portfolio shares may therefore be less than what you paid for them. 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President Trump's new tariff threat revived trade war worries in the wait for a Federal Reserve policy decision, Trump said this weekend that he has no plans to speak to his Chinese counterpart this week, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos

In this episode, Ted interviews Joel Cesare, a longstanding friend,colleague, and sustainability champion, who has just begun a new job at Cambio, a firm that has an AI platform designed for portfolios of real estate. Joel explains how Cambio's platform supports all manner of data-intensive property management functions, including building decarbonization.Joel discusses his years at Google where he was on a team of sustainability managers. Their goal was to decarbonize all of Google's 40 million square feet of real estate by 2030. To do so, they studied hundreds of facilities in many countries... prioritizing projects based on numerous parameters. What Joel realized in that job was the power of AI in sifting through massive amounts of data and developing work plans to decarbonize and advance sustainable practices.Ted and Joel dig into the fact that the data centers that power AI systems are very energy intensive. Ted queries, "Is the Cambio platform a sustainable solution given the energy intensity of AI?" Joel believes that, yes, this application of AI does provide a net societal benefit as retrofits and new construction activities are flagged that make economic sense... measures and carbon savings that would not have been realized absent the AI platform.They also recount Joel's pioneering work for the City of Santa Monica, developing City Hall East, one of the world's most sustainable buildings. Joel acknowledges the key role played by Denis Hayes in promoting the project's unique design features at Santa Monica's City Council. Denis had recently completed the Bullitt Center's radically sustainable headquarters in Seattle, and had encouraged others to follow suit, pushing the envelope of sustainable buildings.Joel highlights a few of City Hall East's greatest challenges: First and foremost was rooftop rainwater collection for potable water. This involved certifying rooftop surfaces -- including solar panels -- for water that is now used for showering and drinking. Another challenge was the inclusion of composting toilets there... the first ever in a public building of its kind. 

President Trump's new tariff threat revived trade war worries in the wait for a Federal Reserve policy decision, Trump said this weekend that he has no plans to speak to his Chinese counterpart this week, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San CarlosSee omnystudio.com/listener for privacy information.

Janet Weimar shares how the University of Iowa reimagined qualification and major gift portfolios for greater clarity and collaboration within the entire team. Connect with Janet: LinkedIn

Broad Market Rally, Alternative investments from EP Wealth CFP Chad Burton, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos

How can I effectively track and showcase the progress of multilingual learners across all language domains when traditional assessments often fail to capture their growth?In this episode of Equipping ELLs, host Beth Vaucher is joined by Kelly Aldinger, a bilingual learning and development expert with a passion for fostering educational equity for multilingual learners. Kelly shares her expertise on the power of digital portfolios in showcasing language development, particularly in helping multilingual students see their progress over time.A digital portfolio is more than just a collection of student work, it's a tool that brings together audio, video, and written samples to demonstrate real growth in all four language domains: listening, speaking, reading, and writing. Kelly walks us through how teachers can use these portfolios to monitor language growth, identify skill gaps, and make data-driven decisions to inform instruction. She also shares insights into making the process more manageable for teachers and offers practical steps to get started with setting up digital portfolios in the classroom.This conversation highlights the value of using data to drive decision-making and how digital portfolios give both teachers and families a clearer picture of student achievement. Kelly provides actionable tips on how to integrate these portfolios into your practice, including the importance of student reflection and how to connect with families through accessible and meaningful tools. Whether you're a teacher looking to enhance your classroom or someone seeking to learn more about fostering student progress, this episode is packed with valuable information that can make a big impact.Key Topics Discussed:What digital portfolios are and how they differ from traditional student foldersThe benefits of using portfolios for tracking progress in all four language domainsPractical steps for setting up digital portfolios and using them effectively in the classroomHow to leverage student reflection for growth and goal-settingThe power of data in driving educational decisions for multilingual learnersListen to this episode and start planning how you can implement digital portfolios in your classroom to celebrate student growth and improve instructional strategies.Links and Resources:In this Google Drive Folder, you will find a copy of presentation slides, NYSESLAT Targets of Measurement, K-5 Digital Portfolio Reference Guide, Google Site Template**IMPORTANT** Right click on the file within the Google Drive folder --> "Make a copy" --> Be sure to store it outside of the shared folder in your OWN drive, otherwise it won't allow you to make the copy. A copy of the site will be created, and you can rename it and make changes as needed. ⁠⁠⁠Join the Equipping ELLs Membership Shop our TpT StoreConnect with Kelly on Linked In

Broad Market Rally, Alternative investments from EP Wealth CFP Chad Burton, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San CarlosSee omnystudio.com/listener for privacy information.

In this episode we answer emails from Chris, Will and Neelix.  We discuss the basics of transitioning from accumulation to decumulation, choosing funds for accumulation from a limited selection, more transitioning questions from an alien, my lawyerly approach to personal finance and why the public personal finance landscape is often not very helpful and leaves much to be desired.Frank addresses listener questions about transitioning from accumulation to retirement portfolios, focusing on timing and asset allocation decisions for different life stages. The episode explores foundational concepts about when to shift to a less aggressive portfolio and how to work around investment account limitations.Links:All Podcasts On One Web Page:  Risk Parity Radio RSS FeedMerriman ETF Recommendations:  Best-in-Class ETF Recommendations | Merriman Financial Education FoundationjBreathless Unedited AI-Bot Summary:Ready to make the leap from aggressive growth investing to a more balanced retirement portfolio? Join Frank Vasquez as he breaks down one of investing's most critical transitions through thoughtful analysis of listener questions spanning different life stages and portfolio challenges.We dive deep into the essential question of timing: when should you transition from accumulation to decumulation? Unlike conventional wisdom that focuses on market conditions, Frank reveals why your personal financial readiness should be the primary consideration. Learn why calculating your Financial Independence number is crucial and why your current spending patterns offer surprisingly reliable guidance for retirement planning.For younger investors struggling with 401(k) limitations, Frank offers practical strategies to achieve optimal asset allocation across multiple account types. His clear breakdown of why certain asset classes (looking at you, small-cap growth) deserve caution while others merit emphasis provides actionable guidance regardless of your investment timeline.What sets this episode apart is Frank's candid assessment of the personal finance media landscape. Drawing from his background cross-examining financial experts, he categorizes financial content into entertainment, sales, and education - explaining why most advice falls short for those who actually plan to spend money in retirement. His Bruce Lee-inspired approach to financial wisdom - "take what is useful, discard what is useless, and add something uniquely your own" - offers a refreshing framework for cutting through the noise.Whether you're decades from retirement or counting down the years, you'll gain valuable perspective on building a portfolio strategy that serves your actual spending goals rather than following the crowd. Share your own portfolio questions at frank@riskparityradio.com!Support the show

Stocks jump after Microsoft and Meta surge, EP Wealth CFP Chad Burton on planning for retirement, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos

Stocks jump after Microsoft and Meta surge, EP Wealth CFP Chad Burton on planning for retirement, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San CarlosSee omnystudio.com/listener for privacy information.

ACT Party leader David Seymour wants to slash the number of ministers taking care of portfolios, calling the current set up "bloated" and "full of meaningless titles". He spoke to RNZ's Deputy Political editor Craig McCulloch.

Stocks tumbled spoiling a stock market comeback on the last day of April, The U.S. economy contracted 0.3 percent in the first quarter raising fears the economy was slipping into a recession under the weight of Trump's policy on trade, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos 

Stocks tumbled spoiling a stock market comeback on the last day of April, The U.S. economy contracted 0.3 percent in the first quarter raising fears the economy was slipping into a recession under the weight of Trump's policy on trade, More on the Pints and Portfolios event on Saturday May 17th from 12pm to 2pm in San Carlos See omnystudio.com/listener for privacy information.

As trade tensions, uncertainty over the direction of interest rates, and pension reforms reshape the investment landscape, liability-driven investing (LDI) may provide a source of stability. In this episode, Jeffrey Dissmann, who leads Mercer's Investments business in Germany, is joined by Sheena Frost, Lead of the Europe ex-UK Portfolio Management Solutions Team at Mercer and Rik Klerkx, Chief Investment Officer LDI and Private Markets at Cardano Netherlands, to discuss how investors across Europe are adapting their LDI strategies.The discussion spans regulatory variations, the resurgence of bonds, inflation hedging challenges, and the operational plumbing that may facilitate resilient portfolios. Together, they examine the trade-offs between swaps and sovereign bonds, the growing role of private assets, and lessons learned from the UK's LDI crisis. This podcast contains statements on historical performance which may not be repeated in the future. Please note that returns on investments are not guaranteed.This content is for institutional investors and for information purposes only. It does not contain investment, financial, legal, tax or any other advice and should not be relied upon for this purpose. The materials are not tailored to your particular personal and/or financial situation. If you require advice based on your specific circumstances, you should contact a professional adviser. Opinions expressed are those of the speakers as of the date of the recording, are subject to change without notice and do not necessarily reflect Mercer's opinions.This does not constitute an offer or a solicitation of an offer to buy or sell securities, commodities and/or any other financial instruments or products or constitute a solicitation on behalf of any of the investment managers, their affiliates. For the avoidance of doubt, this is not formal investment advice to allow any party to transact. Additional advice will be required in advance of entering into any contract.Read our full important notices - click here

My guests today are Roxton McNeal, Managing Director and Head PM of QIS Investments and Siddharth Sethi, portfolio manager and Head of QIS structuring. Together, they're spearheading the development of QIS-driven solutions at Simplify.In this conversation, we explore what it takes to build and manage a multi-strategy QIS portfolio—from infrastructure requirements to portfolio construction and risk management. We discuss: • The structural vs. academic premia distinction and why it matters. • How Simplify evaluates and customizes QIS offerings from banks. • The need and challenges of dynamic allocation across dozens of strategies. • How QIS strategies integrate with traditional beta portfolios. • The operational and counterparty considerations of trading these strategies.For those interested in the practical realities of QIS investing, this episode provides a deep dive into both the opportunities and challenges of running a systematic, multi-strategy portfolio.I hope you enjoy my conversation with Roxton McNeal and Siddharth Sethi.

In this episode we answer emails from El Yama, Graham, and James.  We discuss using risk parity-style portfolios for intermediate term needs, the short-term bond allocation in the Golden Butterfly, accounting for child credit, rising equity glidepaths, the fundamental differences between 100% stock portfolios and diversified portfolios and why you want the latter for retirement unless your goal is to die with the most money, and a CAPE ratio critique from Meb Faber's podcast.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:Kitces Article re Rising Glidepaths:  The Benefits Of A Rising Equity Glidepath In RetirementKitces/Pfau Paper re Rising Glidepaths:  Reducing Retirement Risk with a Rising Equity Glide-Path by Wade D. Pfau, Michael Kitces :: SSRNMeb Faber Podcast with Brian Jacobs discussing problems with CAPE ratio predictions:  A Century of No Return! The Truth About The Beloved Bonds (Brian Jacobs of Aptus Reveals)Breathless Unedited AI-Bot Summary:"A foolish consistency is the hobgoblin of little minds," begins this thought-provoking exploration of why most investors are trapped in accumulation-phase thinking even as they approach or enter retirement. The question at the heart of this episode strikes at a surprising disconnect in personal finance: Why do so many investors intellectually understand they're investing to enjoy retirement, yet construct portfolios clearly designed to maximize wealth at death? Through a series of illuminating listener emails, Frank unpacks how portfolios optimized for accumulation often fail spectacularly during the decumulation phase. One listener confesses he "always wondered why anyone would buy bonds when clearly stocks give a far greater return," before discovering through portfolio testing that a 100% equity portfolio would have "failed catastrophically" for someone retiring around 2000-2003.This recognition—that diversification isn't about maximizing returns but enabling sustainable withdrawals—represents the fundamental insight many investors miss until too late. As Frank colorfully puts it, if your goal is to "die with the most money possible" in your "golden coffin," then by all means stick with 90-100% equities. But if you actually intend to enjoy your retirement by spending more than 3% of your portfolio annually, a properly diversified approach becomes essential.The episode also addresses why attempts to use valuation metrics like CAPE ratios to predict market movements have largely failed, and why separating your portfolio into growth and value components offers a more reliable approach to capturing rebalancing bonuses without attempting market timing.Make sure your investment behavior actually matches your stated goals. If you're planning to spend in retirement, construct a portfolio that optimizes for sustainable withdrawals, not maximum theoretical returns.Support the show

In this episode, Scott Becker discusses the ups and downs of tracking weight and checking portfolios, and why “Pounds & Dollars” just hits better than “Scales & Portfolios”.

When it comes to property management, the math isn't always as simple as it looks on paper. In this episode, we break down a real-world scenario involving a 24-unit portfolio and the dangers of letting too many tenants stay on month-to-month leases. Whether you're working with a property manager or self-managing, this episode delivers a critical reminder: timing and strategy matter more than just rent numbers.   WHAT YOU'LL LEARN FROM THIS EPISODE   Why leaving tenants on month-to-month leases can backfire The real financial risk of stacked vacancies in off-season months How to strategically time your lease renewals to reduce income loss What many property managers miss when managing larger portfolios A smarter way to increase rents without triggering a mass exodus   RESOURCES MENTIONED IN THIS EPISODE The Real Reason Your Rental Won't Rent and How to Fix It | Apple Podcasts    CONNECT WITH US: If you need help with anything in real estate, please email invest@rpcinvest.com  Reach Ron: RP Capital Leave podcast reviews and topic suggestions: iTunes Subscribe and get additional info: Get Real Estate Success Facebook Group: Cash Flow Property Facebook Community Instagram: @ronphillips_ YouTube: RpCapital Get the latest trends and insights: RP Capital Newsletter