Podcasts about rebalancing

Markets are starting to feel the impact of quarter-end portfolio rebalancing, and some of the biggest winners of the year—including technology and artificial intelligence leaders—are beginning to see selling pressure. With stocks still elevated relative to bonds, many balanced portfolios remain overweight equities, creating the potential for additional short-term volatility. In today's Before the Bell, we examine the developing technical setup as markets break below a narrowing consolidation pattern, increasing the probability of a test of the 50-day moving average. We also discuss why the current sell signal remains in place, why relative strength has more room to weaken, and what investors should be watching next. We'll also cover the sharp rally in the U.S. Dollar, the impact of Iran-related developments on oil prices, why commodities are struggling against a stronger dollar, and whether oil is finding support near its long-term average. Finally, we look at the recent pickup in volatility, why the VIX may be waking up after months of complacency, and why this pullback could ultimately create a better opportunity heading into the seasonally stronger month of July. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://youtu.be/REkG7SgcVhw --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo --- * REGISTER for our next Candid Coffee, "Narrative Busters: Market Stories Investors Should Approach With Caution," Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #PortfolioManagement #MarketVolatility #Investing #RiskManagement

This week's show covers social security and fear-related filing, international stocks, emails, and more!

This week's show covers social security and fear-related filing, international stocks, emails, and more!

Chris Whalen is back for The Wrap after his fishing trip in Maine, where he caught a 21-inch smallmouth bass! He's very positive on Kevin Warsh's "less is more" approach at the Fed—no forward guidance, likely removing the dot plot, and refocusing on letting the numbers speak for themselves rather than trying to control expectations through communication. Whalen argues the bond market has already delivered a rate hike on its own, and if he were Warsh, he'd wait and see how the Iran peace deal holds before making more moves, given that war inflation is transitory and external to Fed policy. He reveals the definition of inflation will likely be narrowed to minimize rate hikes and avoid tanking the economy, and he's watching a massive rebalancing from equities to bonds at record allocation levels. Whalen sold most of his AI stocks and locked in serious gains, but he's holding SpaceX as a long-term play given Elon's monopolies on space launch and global internet. He warns the AI bubble is going south with Mike Saylor and Bitcoin spiraling, sees gold and silver as a great entry point after being beaten down, and is adding to positions. He explains silver's manufacturing and technology demand while copper faces supply constraints. On Iran, Whalen argues the MOU doesn't solve underlying inflation drivers—diesel, fertilizer, energy ripple through the economy—so double-digit inflation is locked in with no Fed rate cuts coming. He's concerned about private credit festering with two-and-twenty fees still common, distressed debt exchanges now over 70% of defaults since 2022, and he likes Annaly as a mortgage REIT with government-insured assets and mortgage servicing rights providing protection. Whalen notes precious metals could still rise despite rate hikes because central banks will keep accumulating gold as reserve assets. Links:    The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/  The Wrap: https://www.theinstitutionalriskanalyst.com/post/theira858Inflated book (2nd edition): https://www.barnesandnoble.com/w/inflated-r-christopher-whalen/1146303673Twitter/X: https://twitter.com/rcwhalen    Use the code TheWrap2026 for 25% off your first year of The Institutional Risk Analyst https://www.theinstitutionalriskanalyst.com/plans-pricingTimestamps:0:00 Intro and welcome back Chris Whalen1:47 Warsh sets different tone - No forward guidance, likely no dot plots3:33 Less is more approach - Fed was communicating too much5:43 Bond market has already done the rate hike6:50 War inflation is transitory - External factor Fed can't control7:19 Definition of inflation will be adjusted/narrowed9:10 Bond market doing tightening, not Fed funds rate10:34 Rebalancing from equities to bonds at record levels11:50 Sold most AI stocks, took profits, holding SpaceX12:07 SpaceX monopoly on space/internet - Long term play13:57 AI trade, Bitcoin15:57 Gold/silver beaten up but good entry, adding positions17:02 Silver manufacturing and technology demand17:49 Copper supply/demand - Not enough copper globally19:32 Iran MOU doesn't solve underlying issues21:45 Double-digit inflation locked in - Diesel, fertilizer ripple22:34 Fed can't fix war-driven inflation23:52 No rate cuts coming - Business banking on cuts won't get them24:48 Private credit festering problem - Two and twenty fees26:16 Distressed debt exchanges over 70% of defaults29:27 Annaly - Mortgage REIT with government insured assets30:00 Precious metals could rise despite rate hikes - Central banks buying31:43 Precious metals dollar strength question32:07 Next week

At the World Federation of Hemophilia World Congress in Kuala Lumpur, thousands gathered to discuss the future of bleeding disorders care. Gene therapies. Rebalancing agents. Artificial intelligence. New possibilities seemed to be everywhere. But beneath the excitement, one question echoed throughout the meeting: who still gets left behind? In this episode of the Global Hemophilia Report, Patrick Lynch sits down with Believe Limited's Amy Board, WFH Humanitarian Aid Director Assad Haffar, and Sanofi's Bonnie Anderson to explore the promises of innovation, the realities of global inequity, and the humanitarian efforts working to close the gap. From breakthrough science to life-changing access programs, this conversation examines what "Treatment for All" really means in 2026. Guests: Amy Board – Director, Engagement and Programs, Believe Limited Assad Haffar – WFH Humanitarian Aid Director Bonnie Anderson –  Head of Humanitarian Aid, Rare Diseases at Sanofi   Senior Advisor: Donna DiMichele, MD   Hosted by: Patrick James Lynch   Featured Advertiser: Sanofi   Subscribe to the Global Hemophilia Report Show Notes:   Connect with the Global Hemophilia Report Global Hemophilia Report on LinkedIn Global Hemophilia Report on X/Twitter Global Hemophilia Report on Facebook   Connect with BloodStream Media: BloodStreamMedia.com BloodStream on Facebook  BloodStream on X/Twitter   

What can a World War I fighter pilot teach you about investing? The Red Baron built his success on discipline, structure, and stacking the odds in his favour, but lost everything in a single moment of emotion. In this episode, Tim and Nick explore how investors face the same temptations, and why diversification, low costs, liquidity, and rebalancing matter most when markets feel easy. Tune in for a powerful reminder that the biggest risk to your wealth is not the market, it is your behaviour.(00:01:43) Nick's fascination with the Red Baron and personal connection(00:04:16) Core combat rules: stacking odds and disciplined decision making(00:08:26) Psychological edge: the significance of the red plane(00:11:51) Investing parallel: diversification as numerical superiority(00:13:07) Fees, liquidity, and the impact of cost on returns(00:15:03) Rebalancing and managing behavioural bias(00:17:09) Facing market downturns with discipline, not emotion(00:20:47) What led to the Red Baron's downfall(00:23:53) Lessons from his downfall: abandoning proven principles(00:25:17) Final lessons for investors: avoid overconfidence and stick to principlesNick Stewart (Ngāi Tahu, Ngāti Huirapa, Ngāti Māmoe, Ngāti Waitaha) is a Financial Adviser and CEO at Stewart Group, a Hawke's Bay and Wellington-based CEFEX-certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance and KiwiSaver solutions.The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visiting our website, www.stewartgroup.co.nz Hosted on Acast. See acast.com/privacy for more information.

I recently sat down with Steve Chen on his Boldin Your Money podcast for a wide-ranging conversation about evidence-based investing — and why it matters more than ever in a world of speculation, hype, and constant financial noise. We covered my early days as a stockbroker in the 1960s, the psychology that trips investors up in downturns, how low-cost index funds transformed personal finance, factor investing and small-cap value, and why younger investors are being pulled toward gambling-like behavior through apps, crypto, and prediction markets. Whether you're just starting out or planning for retirement, I think you'll find it time well spent.KEY TOPICS DISCUSSED• The difference between investing and speculation• Why staying the course is emotionally difficult• Wall Street incentives and investor behavior• The origins of index fund investing• Factor investing and small-cap value explained• Why diversification matters long term• Rebalancing strategies and portfolio management• Financial literacy and generational investing habits• Why gambling behavior is becoming normalized• How AI tools like ChatGPT and Claude are changing education• The psychology behind successful long-term investorsTIMESTAMPS00:00 Introduction02:55 Paul Merriman's start in investing05:20 Wall Street incentives and conflicts of interest08:35 Why investing is harder than it looks12:25 Investing vs speculation15:40 Why people panic during market crashes17:30 The psychology of staying the course19:10 Generational wealth and financial literacy23:40 The case for index funds28:45 Factor investing explained32:30 The four-fund portfolio strategy36:00 Rebalancing and long-term returns38:00 ChatGPT, Claude, and financial education42:15 Market valuations and investor behavior45:30 Building wealth intentionally49:00 Gambling culture and modern investing51:45 Teaching financial literacy to younger generations54:00 Final thoughts on long-term investingRESOURCES MENTIONEDPaul Merriman Foundation: https://www.paulmerriman.com/Try the Boldin Planner for free: https://go.boldin.com/podcasttep110Watch Video here- https://youtu.be/y_i5wrr_tfM

Should retirees live off dividends and bond interest, or use a total return strategy? Don and Tom tackle one of the most persistent myths in retirement investing: that dividend-paying stocks create safer retirement income. They explain why dividends are not “free money,” how dividend-focused portfolios can create hidden risks, and why most academic research favors a diversified total return approach. The conversation explores dividend traps, covered-call income funds, sustainable withdrawal strategies, and the importance of diversification. They also respond to a listener defending Robinhood's platform, debate gamification in investing, and discuss Philadelphia's new automatic retirement savings program designed to help workers without employer-sponsored plans.0:05 Introduction: Dividend income vs. total return investing1:44 Why retirees are attracted to dividend-focused portfolios2:19 What a total return strategy actually means3:37 The appeal of predictable dividend income4:55 High-yield ETFs and the risks behind the payouts5:03 Why dividends are not free money6:10 Larry Swedroe's argument: dividends are not income6:27 Understanding the dividend trap7:05 Extreme dividend yield example: GMEX Robotics8:35 YieldMax and triple-digit yields9:44 Why academics favor total return strategies10:48 Rebalancing as an income source in retirement11:43 The hidden risks of income-focused products13:30 Bridge-playing and retirement banter14:21 How listeners can submit questions15:12 Listener question: Is Robinhood getting unfair criticism?16:13 Robinhood, gamification, and investor behavior18:18 Why “stodgy” may be good for money management19:53 Philadelphia's new retirement savings initiative20:45 Automatic enrollment and retirement success22:30 Why saving must be made easy23:28 Free portfolio reviews at Appella24:21 Discussion of The Line Uncrossed26:47 Family history and future book possibilitiesQuestions? Comments? Click!

Many investors are wondering whether the market is getting ahead of itself, especially when it comes to artificial intelligence and technology stocks. But perhaps the better question is not, “Are we in a bubble?” The better question may be, “How should we respond if we are?” That was the focus of today's conversation with Mark Biller, Executive Editor and Senior Portfolio Manager at Sound Mind Investing. With AI continuing to drive market enthusiasm, many investors are feeling both excitement and concern. The challenge is learning how to respond with wisdom rather than fear. Why Investors Are Concerned About AI and Tech The AI story has been driving markets for several years. One clear example is the tech-heavy Nasdaq, which has risen sharply since the end of the 2022 bear market. More recently, many companies have reported rapid profit growth and have credited AI as a key factor. That has encouraged investors because it shows AI is not merely hype. Companies across many industries are beginning to see real benefits from AI tools, including improved efficiency and increased profitability. At the same time, the demand for AI computing power has caused certain sectors—especially semiconductor stocks—to soar. When any part of the market begins rising almost straight up, investors naturally become nervous. It brings to mind previous market manias that ended in painful declines. Is This Really a Bubble? Calling a bubble in real time is extremely difficult. Even when someone identifies one correctly, acting on that information too early can be costly. Mark pointed to the late 1990s internet bubble as an example. Many investors suspected that Internet stocks were overheated long before the bubble actually burst. Federal Reserve Chairman Alan Greenspan famously warned about “irrational exuberance,” but that warning came more than three years before the market peak. Investors who sold immediately missed significant gains before the downturn finally arrived. That illustrates an important point: even if a bubble is forming, that does not tell investors exactly what to do or when to do it. Markets are forward-looking. Investors are pricing companies not only on current earnings but also on what they believe those companies may earn in the future. If expectations rise dramatically, stock prices often rise with them. So it is possible that some parts of the market, such as semiconductor stocks, may be showing bubble-like characteristics while the broader market does not look as overheated. But the practical question remains: how should investors respond? Avoid Fear-Based Market Timing Most investors would love to avoid downturns without missing the upside. But in practice, that kind of market timing is extremely difficult. Investors often make one of two mistakes. Some sell too early and miss major gains. Others wait too long and sell only after stocks have already fallen, and fear has taken over. That is why a disciplined plan matters. Instead of trying to predict the exact top of the market, wise investors focus on staying invested while managing risk thoughtfully. Historically, some of the market's strongest gains occur late in bull markets. That does not mean investors should ignore risk, but it does mean that fear-based decisions can be costly. Diversification Still Matters One of the most practical ways to manage risk is through diversification. A well-balanced portfolio helps reduce the risk of becoming overly exposed to a single hot sector. Mark offered a helpful way to think about it: if everything you own is rising at the same time, or if nothing you own is rising, you may not be truly diversified. But if some holdings are doing very well while others seem to be lagging, that may actually be a sign that your portfolio is properly balanced. Diversification can feel frustrating when one part of the market is racing ahead. But its purpose is not to maximize every short-term gain. Its purpose is to help investors remain steady through a variety of market environments. Rebalancing Is a Disciplined Way to Manage Risk Another practical tool is rebalancing. When one part of a portfolio has grown significantly, rebalancing allows investors to shift some gains out of fast-rising assets and back into areas that have not run up as much. This helps manage risk without requiring investors to predict the future. Rebalancing also has an emotional benefit. It gives investors a clear process to follow. Instead of asking, “Should I sell everything?” they can simply make measured adjustments in line with their plan. That kind of discipline can help investors avoid impulsive decisions driven by fear or excitement. Keep Reasonable Expectations Investors also need realistic expectations. Markets do not move up in a straight line forever. If you stay invested in strong-performing sectors, there is a good chance you will eventually give back some gains when leadership changes or when a bear market arrives. That is part of investing. The goal is not to avoid every decline. The goal is to participate in the market's long-term growth while managing risk wisely along the way. Even defensive investing comes with trade-offs. Playing defense too aggressively—or too early—can lead to false alarms and missed returns. Staying invested longer may bring more growth, but it also means enduring discomfort when markets pull back. There is no perfect way to avoid every downside while capturing every gain. Know Your Temperament Successful investing is not only about knowledge. It is also about behavior. Investors who tend to do well over time are often those who can remain patient, diversified, disciplined, and emotionally steady in both strong and difficult markets. That is especially important when headlines are filled with bubble talk. Fear can push investors to sell too soon. Excitement can push them to chase what has already risen. Neither is a wise foundation for financial decision-making. A Wise Response to Market Uncertainty When markets look overheated, investors do not have to ignore the risks. But they also do not have to be ruled by them. A wise response begins with a disciplined, diversified, long-term plan. Rebalance periodically. Keep expectations realistic. Understand your own temperament. And avoid making major decisions based on fear, excitement, or the latest market chatter. Markets can stay hot longer than many people expect, and guessing the exact turning point usually creates more problems than it solves. But a thoughtful strategy can help investors respond with wisdom rather than react emotionally. For more on this topic, you can read Mark Biller's article, “How to Handle a Bubble,” at SoundMindInvesting.org. Sound Mind Investing has been helping Christians make biblically informed investing decisions for more than 30 years, offering practical guidance for investors who want to approach the markets with wisdom, discipline, and a long-term perspective. On Today's Program, Rob Answers Listener Questions: I have some very old debts that have been removed from my credit report. I want to handle them ethically and with integrity. Should I try to negotiate reduced settlements with creditors, or should I aim to repay the full amount I originally owed? I have a whole life insurance policy I no longer need because I already have adequate coverage. With a child heading to college in about a year and a half, is there a tax-wise way to use the policy's cash value for college savings? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) Sound Mind Investing (SMI) | SMI Private Client How to Handle a Bubble by Mark Biller (Article on SoundMindInvesting.org) Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Don takes listeners on a journey through nearly four decades of investment advice, explaining how his thinking evolved from recommending active mutual funds in the 1980s to embracing index funds, factor investing, and eventually ETFs. Along the way, he and Tom discuss Vanguard's rise, Don's early relationship with Paul Merriman, the emergence of Dimensional Fund Advisors and Avantis, and why their recommendations have changed over time. They also address listener skepticism about fund recommendations, compare Avantis and Vanguard products, answer a tax-efficient portfolio rebalancing question from a retired couple, and debunk a marketing pitch for “layered income portfolios.”0:08 Don shares the story of his early days giving investment advice from Leadville, Colorado2:56 The active management era and why great fund managers were once considered essential3:52 Vanguard's early growth and the gradual acceptance of index investing5:38 Don discusses Vanguard sponsoring his radio show and maintaining disclosure transparency6:55 Paul Merriman introduces factor investing and Fama-French research9:10 Early Dimensional Fund Advisors portfolios and advisor-only access10:56 The rise of ETFs, Dimensional's hesitation, and Avantis' origins11:23 The 2010 ETF flash crash and why Tom and Don were initially cautious13:29 Why factor investing remains compelling despite uncertain future returns14:20 Addressing listener skepticism about Avantis recommendations16:07 Comparing AVUV and Vanguard VBR small-cap value funds17:44 Comparing AVGE and Vanguard VT global equity funds19:15 Clarifying compensation, conflicts of interest, and transparency21:27 Listener Anton asks about tax-efficient portfolio rebalancing in retirement26:03 Why holding bonds inside IRAs can improve tax efficiency27:23 Discussion of Roth conversion strategies and tax considerations30:20 Listener asks about “Layered Income Portfolios”31:05 Why income portfolio marketing pitches are often more sales than substanceQuestions? Comments? Click!

This week is going to feel like a full sensory experience. Venus in Leo makes three major aspects in four days, moving through electric creative energy on Monday, dreamy romantic energy on Tuesday, and an intensity that asks you to get clear and intentional by Wednesday. Then Chiron enters Taurus on Thursday and the whole frequency drops into deeper and slower introspection and reevaluation of our worth esp in work and relationships. The week builds and then it asks you to go inward. Stay present for all of it.   --- 20% off Fathers Day say: Use promo code KINGOFCUPS at checkout for 20% off now through June 20: https://www.cardsyb.com/virtual-readings Solstice Reset Reading:  https://www.cardsyb.com/booking-calendar/solstice-reset-reading-free-gift?referral=service_list_widget     A 45-min intuitive + numerology reading with tarot + shadow/block analysis + free ritual   Many clients who took advantage of the Wheel of the Year reading in Jan have shared the accuracy of what as predicted. We're now at the June Solstice- the half way point and "half-time" show of the wheel of the year. Mercury is about to go retrograde at the end of June (29th) and now is the most important time to clarify our path ahead to be able to actualize our potential and highest timeline in love and financial abundance This 1:1 session is designed to help you step into the year with clarity, direction, and grounded confidence. Through tarot and personalized numerology, we'll explore the key themes, opportunities, and lessons influencing your next 6 months, along with illumination of any shadow/blocks that to be cleared at the solstice season where we have access to the most amount of light. You'll also receive a complimentary summer solstice ritual. Perfect if you have been feeling the change and upgrades that are available as we enter the second half of the year and you want to illuminate how to best work with them  

It's the halfway point of 2026. Do you know if your retirement plan is on track? In this episode of Safer Retirement Radio, Brian Decker and Arrin Wray of Decker Retirement Planning walk through their mid-year review process: what to check, what to question, and where the common blind spots are. What this episode covers: • The mid-year checklist: portfolio allocation, spending versus budget, and whether your 401(k), IRA, Roth, and HSA contributions are still on pace • Why set-percentage withdrawal rules like the 4% approach can fall short in a flat market cycle, and how Decker structures income across emergency cash, principal-protected accounts, and a separate risk bucket • Brian's case against traditional quarterly rebalancing, and how relative strength, sector rotation, and momentum strategies shape what Decker clients own right now • What history shows about market valuations above 30 times trailing earnings, and the two ways portfolios have historically generated returns in flat market cycles • The disconnect between record stock prices and a squeezed economy: layoffs, flat unemployment, and why half the country feels it differently than the other half • The mindset shift from saving to spending, including how retirees can think about emergency cash and permission to actually use the money they spent decades building If you're within a few years of retirement, or already there, this episode lays out the questions worth asking before the second half of the year. Schedule a no-cost conversation: 833-707-3030 Free resources, including Brian's book The Decker Approach and a sample income plan, are available at DeckerRetirementPlanning.com under Safer Retirement Education. Serving families in Salt Lake City, Seattle/Bellevue, and the Bay Area, and virtually nationwide. Investment advisory and insurance services offered through Decker Retirement Planning, Inc., a registered investment advisor. Investing involves risk, including the potential loss of principal. Any references to protection or safety generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims-paying ability of the issuing carrier. This show is for informational purposes only and is not tax or legal advice. This radio show is a paid placement.

Viele Anleger warten auf den perfekten Einstiegszeitpunkt. Auf die nächste Korrektur. Auf bessere Kurse. Oder eben auf September. Doch genau dieses Warten kostet oft Rendite. Verhaltensökonom Nikolas Kreuz erklärt, warum unser Gehirn an der Börse häufig zum größten Gegner wird. Warum Anleger Gewinneraktien zu früh verkaufen, Verluste zu lange aussitzen und sich von Schlagzeilen, Angst und Herdentrieb leiten lassen. Außerdem geht es um die richtige Balance zwischen ETFs und Einzelaktien, die Frage, wann Rebalancing sinnvoll ist – und warum der Hype um SpaceX ein Lehrbuchbeispiel für Börsenpsychologie sein könnte. Eine Folge über die Denkfehler, die Anleger Geld kosten – und darüber, wie man sie vermeiden kann. Kontakt: brichtaundbell@gmail.com

Nearly every major index is at a record high — and everyone's asking the same question: is this the beginning of something great, or the end of something that's gone too far?This week on Money On Tap, Ben Brayshaw and Dan Michelon take that question apart with 75 years of market history, a few statistics that genuinely surprised them, and a clear look at what a record high means for you — whether you're decades from retirement or already drawing income.What you'll learn:The Fidelity data showing investing at an all-time high beats investing on a random dayWhy a record high is usually a signal of a healthy economy, not a topA walk through 1982, 1987, 1995–1999, 2000, 2009, and 2020Why today's AI market looks more like 1995 than the 2000 dot-com bubbleWhy timing the market is a loser's game — and why taking profits isn't fearSequence-of-returns risk — why the first years of retirement decide everythingBuffered ETFs — staying in the market with downside guardrailsAnnuities with lifetime income and long-term-care ridersPlus Money In The News:American financial literacy hits a 10-year low — U.S. adults answered just 47% of the TIAA Institute's 2026 questions correctly (Yahoo Finance, Kerry Hannon)America's data-center build-out falls behind schedule — Google's $80B equity raise and what it signals about AI's real cost (WSJ, Katherine Blunt)Exxon chief warns oil could spike to $160–$170 a barrel as strategic reserves run thin (Fox Business, Robert McGreevy)Mentioned on air: Our short sequence-of-returns risk video — watch it at brayshawfinancial.com.Read the companion blog: brayshawfinancial.com/blogSchedule a free consultation: app.greminders.com/t/9f3ce72e/initialconsultaFull Money On Tap episode library: brayshawfinancial.com/money-on-tapContact UsPhone: 855-226-8551Email: info@yourmoneyontap.comOffice: 116 South River Road, Bedford, NH 03110Web: brayshawfinancial.comWhat is the retirement red zone, and why does it matter? The retirement red zone is the roughly ten-year window covering the five years before and the five years after your retirement date. It matters more than almost any other period because of sequence-of-returns risk: a major market downturn while you're beginning to withdraw income can permanently damage the plan, even if the market later recovers. Two people who invest identically but retire a few years apart can end up with opposite outcomes based solely on timing. Navigating the red zone means shifting from maximizing gains to mitigating losses — stress-testing the plan, building a cash runway, rebalancing, diversifying, and adding guardrails like buffered ETFs and guaranteed income.

In this episode, Monika examines two important developments that shaped the economic conversation over the past week: the Reserve Bank of India's decision to keep the repo rate unchanged at 5.25%, and India's strong FY26 GDP growth of 7.7%, with the fourth quarter growing at 7.8%. She explains how the RBI's inflation-targeting framework and relatively low inflation of 3.1% have given policymakers valuable room to maintain rates despite the inflationary pressures created by the West Asia conflict and elevated crude oil prices. Revisiting the basics of the repo rate and its role in controlling inflation and credit costs, she argues that prudence always appears boring during good times but proves invaluable when crises emerge. The lesson, she says, applies equally to nations and to individuals managing their own money.She then turns to the growth story and why India's economic momentum remains intact despite rising global uncertainties. Looking at broad-based indicators including agriculture, steel, cement and commercial vehicle demand, Monika highlights that FY26 was a remarkably strong year and that India entered the current period of geopolitical turmoil from a position of strength. While the RBI's projection of 6.6% growth for FY27 reflects caution amid higher oil prices and global fragility, she argues that India's growth has merely been “shaved, not sunk.” Had the current conflict not erupted, the country was positioned to exceed 8% growth. She reminds listeners that the government and the RBI still possess several policy tools to support the economy, from attracting foreign capital to deploying monetary and fiscal measures. Her message remains consistent with previous episodes: prepare for a slowdown, but reject the merchants of doom. India may face turbulence, but it is far from crisis.In listener questions, Srinivas asks whether LIC annuity products deserve a place in retirement planning, prompting Monika to examine the broader case for and against annuities, discussing guaranteed lifelong income, simplicity and protection from market volatility, while also highlighting their low returns, inflation risk and tax disadvantages compared with alternatives like debt funds and systematic withdrawals; Bhavesh, an NRI with a carefully constructed 50:50 portfolio, seeks guidance on how to rebalance during market corrections and transition debt allocations as retirement approaches, leading to a detailed discussion on the hierarchy of redeeming maturing fixed deposits, arbitrage funds and debt funds while preserving long-duration gilt investments; and Rachana from Coorg shares her concerns about retiring early with a ₹1.25 crore corpus and no pension, opening up a conversation about longevity risk, healthcare costs, protecting capital, and the importance of continuing to earn for as long as possible in order to strengthen financial independence in later life.Chapters:(00:00 – 00:00) Why India's Growth Story Is Shaved but Not Sunk(00:00 – 00:00) RBI Holds Rates Steady as Inflation Stays Under Control(00:00 – 00:00) The Pros and Cons of Annuities for Retirement Income(00:00 – 00:00) Rebalancing a Portfolio: Which Debt Investments Should Go First?(00:00 – 00:00) Is ₹1.25 Crore Enough to Retire at 45 Without a Pension?https://www.pib.gov.in/PressReleasePage.aspx?PRID=2269286®=48&lang=2https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR3855508EB4A59FF46F9B57BBA200AA250B8.PDFIf you have financial questions that you'd like answers for, please email us at ⁠mailme@monikahalan.com⁠

Overview: After a brief hiatus, we're back just in time for the start of summer. Join us on this week's episode of Launch Financial as we discuss what's been driving markets lately, why volatility can make investors uneasy, and the importance of staying focused on your long-term plan. Given where the markets were just a few months back in March to the recent record highs, it might be prudent to take a look at your portfolio to identify if it has drifted from its targets. Tune in for our thoughts and insights on financial planning items to tackle to start June, and email info@shermanwealth.com with any questions.  Show Notes: 

Das BX Musterportfolio wird neu ausgerichtet: Hochtief, ASML und STMicroelectronics kommen neu dazu, während Parker Hannifin, Arista Networks und Talanx weichen müssen. Im Fokus stehen DAX-Fantasie, europäische Halbleiterwerte, starke Buchwertentwicklung und die Frage, warum Technologie im zweiten Halbjahr 2026 zum wichtigsten Kurstreiber werden könnte.

2026 Industrial Outlook: Market Rebalancing, Big Box Demand & Nearshoring Live at the IAMC conference in Little Rock, hosts interview Stephanie Rodriguez, who leads Colliers' industrial platform, about her people-focused approach to client and team relationships and her extensive travel (over 300,000 American Airlines miles last year). She discusses Colliers' positioning and performance, noting an uptick after Q1 in industrial deal and revenue counts and a stronger start to 2026, plus continued talent recruitment. Rodriguez highlights regional market dynamics: low-vacancy, conservative development and steady rent growth in the central region; strong Southeast demand driven by population growth and onshoring/nearshoring; and West Coast stabilization tied to ports. Growth drivers include steady e-commerce, dominant 3PL leasing activity, reshored advanced manufacturing (chips, pharmaceuticals), and capital-intensive data centers. Institutional owners remain focused on build-to-suit, with selective return to speculative development in low-vacancy markets and renewed big-box demand, including increased Amazon activity. 0:00 Intro and Guest Introduction 2:15 Colliers Platform and Regional Trends 5:10 Growth Sectors: 3PLs and Manufacturing 7:00 Institutional Perspectives and Spec Development 8:20 Big Box Trends and Upcoming Conferences

Tom and Don dismantle the myth of “free money” from high-dividend stocks and ETFs, explaining why chasing yield often leads to poor diversification, lower total returns, and disappointing long-term performance. Using examples like Campbell's, Kraft Heinz, and Whirlpool, they show how dividend-paying companies can still destroy shareholder value while the broader market marches higher. The episode also features listener questions on military retirement planning with a pension-heavy income stream, asset allocation and Roth contributions near retirement, how to structure a UC retirement portfolio using low-cost index funds and small-cap value tilts, and the smartest way to generate retirement withdrawals from a balanced portfolio. Along the way, Don plugs his new Civil War novel The Line Uncrossed and the hosts revisit some old radio history.0:05 Dividend investing myths and “free money” thinking2:18 Why retirees are drawn to dividend stocks and ETFs4:03 Huge inflows into high-dividend ETFs despite lower expected returns5:19 Total return vs. income investing explained5:45 Campbell's Soup and Kraft Heinz as dividend trap examples7:06 Whirlpool cuts long-running dividend after financial strain8:10 Why total return matters more than yield9:10 Vanguard Dividend Growth vs. S&P 500 performance comparison10:44 The dangers of concentrated dividend strategies12:19 Why “magic income” strategies usually disappoint13:32 Military retirement caller asks about pensions, Roths, and mortgage payoff17:43 Using pensions as bond-like income in portfolio allocation18:41 Caller shifts from U.S.-only investing toward global diversification20:28 Don discusses The Line Uncrossed and companion Civil War stories22:30 UC employee asks about AVGE/DFAW vs. ultra-cheap UC index fund24:39 Suggested mix using low-cost index fund plus small-cap value tilts26:04 Listener thanks Don for decades of investing guidance27:58 Retirement withdrawal strategies from a 60/40 portfolio29:19 Rebalancing as the primary source of retirement cash flow30:14 Why retirement distribution planning matters32:35 Fiduciary advice vs. product sales pitches33:54 Friendly rivalry with Stacking BenjaminsQuestions? Comments? Click!

Tom and Don tackle the impossible task of spotting market bubbles in real time, leaning on insights from Jason Zweigand Eugene Fama to argue that if bubbles were truly predictable, they wouldn't exist. They discuss soaring semiconductor and AI-related stocks, speculative manias from tulips to SPACs to Bitcoin, and why diversification and disciplined rebalancing beat emotional market timing every time. Listener questions cover tax-loss harvesting and wash sales involving VT, VTI, and VXUS ETFs, family conversations about money, Roth conversion strategy for a wealthy near-retiree, and Dimensional's refusal to chase hot IPOs despite the S&P 500's changing rules. Along the way, there's plenty of classic TRM banter about giant brains, vacation boredom, and the dangers of trying to outsmart markets that are probably smarter than all of us combined.0:05 Bubble noises, market mania, and why everyone thinks they can spot bubbles1:11 Jason Zweig on semiconductor stocks soaring nearly 40% in a month2:23 Emerging markets, small value, and global stocks compared to AI-driven speculation3:39 Eugene Fama explains why bubbles are impossible to identify in real time4:26 Dot-coms, Bitcoin, SPACs, and the legendary tulip bulb bubble5:03 Why “doing nothing” often beats reacting emotionally to market fears5:51 Jason Zweig's sign of a bubble: when critics get attacked instead of debated7:15 Rebalancing, diversification, and why the S&P 500 alone isn't enough9:41 Listener question on tax-loss harvesting, wash sales, and replacing VT with VTI and VXUS14:05 Why families should talk openly about money instead of outsourcing financial education to TikTok17:44 Near-retiree with $7.3 million asks about Roth conversions and paying taxes from IRAs20:36 Dimensional responds to S&P rule changes allowing earlier IPO inclusion21:15 Why Dimensional avoids IPOs during their first year after going public22:39 Allbirds' collapse from a $2.2 billion IPO to a $39 million sale24:47 Why waiting before buying IPOs may reduce riskQuestions? Comments? Click!

What investment habits can quietly hurt your retirement plan? In this episode of Dollars & Sense, Chet and Rob break down 7 common investor behaviors that can create unnecessary risk for retirees—from holding too much cash and trying to time the market to ignoring taxes, chasing yield, skipping rebalancing, overreacting to headlines, and failing to adjust your strategy over time.  If you are retired or getting close to retirement, this conversation will help you think more clearly about how your portfolio, withdrawal strategy, and long-term plan should work together. The goal is not perfection—it is discipline, clarity, and making thoughtful decisions that support your lifestyle over the long run.  In this episode, we cover: • Why too much cash can create inflation risk • How market timing can hurt long-term returns • Why tax-efficient withdrawals matter in retirement • The hidden danger of chasing yield • Why rebalancing is essential • How reacting emotionally to news can backfire • Why your investment plan should evolve over time  If you enjoy practical retirement planning conversations like this, be sure to like, subscribe, and share this episode with someone preparing for retirement or already living in it. 

Listen for the latest from Bloomberg News See omnystudio.com/listener for privacy information.

In this episode we answer emails from Milo, Scott, and Joel.  We discuss bad advisor incentives and how to classify them by their business models, identify the only business model you want to patronize, and then move on to Treasury STRIPS and rebalancing realities, practical withdrawal mechanics with a test portfolio, and why Bitcoin's high correlation to tech stocks undermines its role as a diversifier. We also celebrate the final results of the Fairfax CASA matching campaign and share a thank-you message from their executive director.Links:Classifying Financial Advisors By Their Business Models:  Interacting with the Financial Services Industry with SC GutierrezKitces Article on Rebalancing:  Optimal Rebalancing – Time Horizons Vs Tolerance BandsBuilding a Sample Portfolio Video:  We Built a 5% SWR Retirement Portfolio Using Fidelity in 48 Minutes (Golden Ratio Portfolio) - YouTubeVideo on Managed Futures and SDMF:  Simplify SDMF in Focus - YouTubeBreathless Unedited AI-Bot Summary:A matching donor puts $20,000 on the table, the audience steps up, and suddenly Fairfax CASA is funded far beyond what anyone expected. We start with that story because it says something important about this community: you can be serious about investing and still lead with empathy. We share the final campaign results and a message from Fairfax CASA's executive director about what this support means for children navigating foster care and the court system.Then we shift back to what Risk Parity Radio does best: practical emails from DIY investors who want clearer rules and fewer regrets. We talk about the “67-fund portfolio” problem, why complexity is often a sales tactic, and how to screen out conflicted advice from banks, credit unions, insurance shops, and big marketing-heavy firms. We also dig into the AUM model versus flat fee and hourly planning, plus why smart retirement planning often comes down to tax planning and behavioral discipline more than picking the perfect fund.From there, we get hands-on with portfolio construction and process. We cover Treasury STRIPS funds like GOVZ, why you cannot reliably time the best rebalancing moment during a recession, and what to do instead with partial rebalancing or rebalancing bands. We also answer a nuts-and-bolts withdrawal question using a test portfolio approach, and we close with a straight take on Bitcoin correlation: if it moves with stocks, it is not diversification. Along the way, we explain what “alternative assets” really means and why gold and managed futures keep showing up in risk parity style asset allocation.Subscribe, share this with a friend who's tired of salesy advice, and leave a review so more investors can find the show.Support the show

What happens to the modern law firm when AI strips away the advantage of size and leaves judgment as the true measure of value?   Robb Patryk joined Chris Batz and Howard Rosenberg to talk about why AI may reset some of the biggest assumptions in the legal industry. If sophisticated legal work no longer depends on armies of lawyers, what actually gives a firm its edge? For Robb, the answer is clear. Sharp judgment, trusted client relationships, and a strategy that knows exactly which problems a firm is built to solve.   This conversation gets to the real pressure point behind all the AI hype. What happens to training when junior lawyers no longer learn through hours of document review? What happens to growth when bigger no longer means better? Robb makes the case for a more deliberate future where independent firms can stay competitive, stay focused, and stay human while using AI to move faster and think better.   There is also a bigger leadership question running through this episode. How do you protect a firm's identity when the market keeps pushing toward consolidation, private equity, and scale at all costs? Robb offers a grounded look at what it takes to lead with conviction in a moment when the legal world feels wide open. Episode Breakdown: 00:00 AI in Law Firms and the Future of Independent Firms 08:02 Law Firm Strategy, Growth, and Practice Mix 12:33 How AI Will Reshape Legal Talent and Firm Scale 16:09 Private Equity, Non-Lawyer Ownership, and Law Firm Culture 23:45 How Independent Law Firms Stay Competitive Connect with Robb Patryk: Robb's Law Firm Web Bio  Connect with Robb on LinkedIn     Connect with Howard Rosenberg: Connect with Howard on LinkedIn  Howard's Company web profile   Connect with Chris Batz: Connect with Chris on LinkedIn  Follow Columbus Street on LinkedIn Columbus Street Website  MergerWatch Website Podcast production and show notes provided by HiveCast.fm  

Rising prices are changing the way people think about retirement, and the ripple effects show up faster than expected. On this episode, Kevin Madden breaks down how inflation, market swings, and overlooked portfolio risks can quietly reshape retirement income. The conversation covers cash flow planning, balancing growth and stability, why rebalancing matters, and how issues like Medicare IRMAA and evolving retirement strategies fit into today’s landscape. It’s a practical discussion about adapting plans as the cost of living and market behavior continue to shift. Get Your Complimentary Retirement Roadmap Your roadmap will include: A retirement income strategy A test to see how long your money will last A tax-planning strategy See omnystudio.com/listener for privacy information.

Tom and Don take aim at the persistent myth that active management adds meaningful long-term value, using a new study highlighted by Larry Swedroe showing that 1,260 balanced mutual funds dramatically underperformed simple low-cost index portfolios from 1990–2021. The duo contrasts expensive actively managed balanced funds with inexpensive index strategies like the Vanguard Balanced Index approach, illustrating how fees alone can devastate long-term returns. Along the way, they discuss the emotional challenge of rebalancing, the hidden costs inside broker-sold funds, and why simplicity usually beats complexity in investing. Listener questions cover paying off a high-interest HELOC, whether gold or silver make sense as CD replacements, how advisor fees relate to the 4% withdrawal rule, and the behavioral value of good fiduciary advice. The episode wraps with a detour into collectible stock certificates, including Enron, Washington Mutual, and even Trump Media, proving once again that Talking Real Money can turn almost anything into a financial lesson and a comedy bit.0:05 Satirical opening mocking the “you need a professional” investing pitch0:27 The enduring myth that active management beats indexing1:40 Larry Swedroe study on 1,260 balanced mutual funds vs. index portfolios3:05 Balanced funds underperform across returns and risk-adjusted metrics4:32 Massive fee differences between active funds and index funds6:05 Rebalancing challenges and lousy 401(k) investment menus7:05 American Funds Balanced Fund fee breakdown shocks Don8:49 Vanguard Balanced Index Fund cost comparison9:36 Why advisor fees are different from high mutual fund expenses10:30 Simplicity and low costs win most of the time11:41 Enron stock certificate becomes a lesson on stock-picking risk14:47 Listener question about paying off a 7.1% HELOC19:29 Whether pensions should count as “bond-like” assets21:42 Gold and silver vs. CDs discussion25:40 Does the 4% rule include advisor fees?26:11 Vanguard Advisor Alpha and the behavioral value of advisors27:32 Fiduciary advice, tax management, and preventing investor mistakes28:50 Collectible stock certificates and bizarre eBay discoveries30:48 Closing banter and preview of future unpredictabilityQuestions? Comments? Click!

Liz Ann Sonders and Collin Martin examine the market backdrop shaped by the Middle East conflict, noting that while oil price volatility has influenced inflation expectations and Treasury yields, its broader economic impact has been limited so far due to lag effects and structural shifts in the U.S. economy. Meanwhile, investor attention has returned to earnings season and AI-driven growth, with a narrow group of mega-cap companies responsible for a disproportionate share of earnings upgrades—highlighting ongoing concentration risks in both markets and fundamentals. Then, Collin Martin is joined by Inga Rachwald, director and senior investment portfolio strategist supporting Schwab Asset Management. Inga addresses common challenges, including the perceived breakdown of diversification during periods of market concentration or rising rates, and explains why these are often misinterpretations driven by inappropriate benchmarks. The discussion introduces goal-based investing as a more practical framework, aligning portfolios with specific time horizons and objectives rather than short-term performance comparisons. Finally, Collin and Liz Ann look ahead to next week's upcoming macroeconomic indicators and key data releases.  To learn more about behavioral biases that can cloud your judgment, check out the latest episode of the Choiceology podcast, hosted by Katy Milkman. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.  If you enjoy the show, please leave a rating or review on Apple Podcasts. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results. Investing involves risk, including loss of principal. Diversification, asset allocation and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets. Rebalancing may cause investors to incur transaction costs and, when a non-retirement account is rebalanced, taxable events may be created that may affect your tax liability. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. Currency trading is speculative, very volatile and not suitable for all investors. Investing in cryptocurrencies involves risk, including the risk of total loss of principal invested. Cryptocurrencies such as bitcoin and ethereum are highly volatile, are not backed or guaranteed by the bank, any central bank or government; are not deposits; are not FDIC insured; are not SIPC protected; and lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Investing in alternative investments is speculative, not suitable for all clients, and generally intended for experienced and sophisticated investors who are willing and able to bear the high economic risks of the investment. Investors should obtain and carefully read the related prospectus or offering memorandum, which will contain the information needed to help evaluate the potential investment and provide important disclosures regarding risks, fees and expenses. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions Inverse correlation refers to investments that tend to move in opposite directions: when one rises, the other falls. (0526-DH17) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Looking for a financial planner?  → PlanWithJesse.com In this Ask Me Anything episode, Jesse explores the delicate balance between overcomplicating and oversimplifying financial decisions in retirement, arguing that while many investors get lost in unnecessary complexity, others fall into equally dangerous "too simple" thinking. He tackles four listener questions that highlight this tension across key planning topics. First, he critiques advanced tax-loss harvesting strategies like long-short and direct indexing approaches, explaining that while they can generate short-term "tax alpha," they often rely on leverage, incur higher fees, and merely defer—rather than eliminate—taxes, raising the question of whether investors are letting the tax tail wag the investing dog. Next, he addresses withdrawal rates, pushing back on the overly simplistic idea that earning 8% supports a perpetual 5% withdrawal, and instead emphasizes sequence-of-returns risk and the importance of flexible spending, framing the 4% rule as a conservative starting point rather than a fixed law. He then dives into Social Security strategy, debunking fears of system collapse, outlining the real implications of trust fund depletion, and demonstrating how optimal claiming decisions—especially for couples—depend heavily on longevity, spousal dynamics, and the value of delaying benefits as a form of longevity insurance. Finally, Jesse examines portfolio rebalancing, clarifying that its purpose is risk control—not return enhancement—and, drawing on research, argues that a simple annual rebalancing approach (augmented by ongoing cash flow adjustments) is both efficient and sufficient. Across all four topics, the unifying theme is clear: good financial planning lives in the nuanced middle ground—simple enough to execute, but not so simple that it ignores the real complexities that drive long-term outcomes. Key Takeaways: • Financial planning often fails at both extremes: too complex or too simplistic. The optimal approach lies in a nuanced middle ground tailored to real-world conditions. • Investors should avoid letting tax considerations override sound investment decisions. • A portfolio gaining value consistently is not a problem—even if it limits tax-loss opportunities. • Sequence-of-returns risk makes early retirement years disproportionately important. • For couples, Social Security claiming decisions must consider spousal and survivor benefits. • Rebalancing is about maintaining risk levels, not boosting returns. Annual rebalancing, combined with adjusting contributions and withdrawals, is typically optimal and efficient. Key Timestamps:(02:52) – Tax-Loss Strategy Question (07:51) – Long/Short Explained (11:34) – Direct Indexing Drawbacks (15:35) – Withdrawal Rate Myth (22:30) – Will Social Security Survive? (30:31) – Spousal and Survivor Rules (39:08) – Portfolio Rebalancing Basics (45:24) – Simple Annual Rebalance Plan Key Topics Discussed: The Best Interest, Jesse Cramer, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques Mentions: https://bestinterest.blog/e121/ https://www.vanguardmexico.com/content/dam/intl/americas/documents/latam/en/2022/10/mx-sa-2558523-rational-rebalancing-an-analytical-approach.pdf More of The Best Interest: Check out the Best Interest Blog at https://bestinterest.blog/ Contact me at jesse@bestinterest.blog Consider working with me at → PlanWithJesse.com The Best Interest Podcast is a personal podcast meant for education and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

After 100 episodes, what has the China Desk revealed about the Chinese Communist Party, U.S. strategy, and the future of global competition? In this special milestone edition of The China Desk, the roles are reversed. Host Steve Yates becomes the guest, while Andrew Langer, host of the Lunch Hour Podcast, steps in to lead the conversation — reflecting on the biggest lessons, themes, and takeaways from the first 100 episodes. Since launching in 2023, China Desk has featured conversations with policymakers, analysts, and subject matter experts across the spectrum of U.S.-China relations. In this episode, Yates steps back to examine what those discussions reveal about where the relationship stands today — and where it is headed. A major theme is the idea of reciprocity — a principle that has shaped many China Desk conversations. Yates explains why the U.S. should rethink policies that grant China access and advantages not reciprocated in return, and how this concept is beginning to influence broader trade and geopolitical thinking. The discussion also covers: • What Steve Yates has learned from 100 episodes of China Desk • Why listening — not talking — is key to meaningful policy conversations • The origins and impact of the U.S. “engagement” strategy with China • Why the “China will become like us” assumption failed • How CCP power structures shape behavior at home and abroad • The concept of reciprocity in trade, policy, and diplomacy • How China's system differs fundamentally from Western governance • The evolving U.S.–China strategic and economic relationship • The role of China in global conflicts, including Iran and Ukraine • The complex relationship between China, Russia, and authoritarian regimes • Why authoritarian systems can endure despite internal weaknesses • How economic growth reinforced CCP control over the population The conversation also explores the human dimension of China policy — including how decades of political control, economic transformation, and social upheaval have shaped the Chinese population's relationship with the state. Looking forward, Yates outlines three core priorities for U.S. policy: • Rebalancing the economic relationship with China • Reinforcing deterrence and demonstrating American strength • Strengthening and realigning global alliances The episode closes on a more personal note, as Yates reflects on family, loss, and the importance of stepping away from policy work to reconnect with what matters most. After 100 episodes, one message is clear: understanding China requires not just analysis — but listening, perspective, and a willingness to challenge long-held assumptions. 00:00 — Intro + 100th episode special format 00:08 — Andrew Langer guest hosts the China Desk 00:35 — Celebrating 100 episodes and show impact 00:57 — Steve Yates introduction and background 02:28 — What Steve Yates has learned from 100 episodes 03:15 — Why listening matters more than talking 04:02 — Building trust with guests and audience 06:11 — Has anything changed his perspective? 07:08 — Bipartisan conversations and policy framing 07:58 — Where U.S.–China relations stand today 08:16 — The concept of reciprocity explained 10:04 — Why engagement with China failed 11:03 — The “fatal conceit” of Western assumptions 13:53 — China–Russia relationship and strategic alignment 15:32 — Lessons from the Cold War and Soviet Union 16:48 — CCP control over Chinese society 18:02 — Information control and political power 19:02 — Why authoritarian systems persist 19:56 — Historical trauma and CCP legitimacy 21:02 — Economic growth vs political control 22:10 — Three priorities for U.S. policy moving forward 22:32 — Rebalancing the economic relationship 23:57 — Reinforcing deterrence and American strength 24:39 — Rethinking alliances and global priorities 25:44 — Outside interests: family, outdoors, and faith 27:33 — Where to find the China Desk podcast 28:24 — Closing Watch Full-Length Interviews: https://www.youtube.com/@ChinaDeskFNW

In this episode of 'Retire with Style', Wade Pfau and Alex Murguia delve into the intricacies of tax planning as part of retirement strategy. They discuss the importance of asset location in retirement accounts, the pitfalls that retirees face regarding taxes, and strategies for effective tax planning. The conversation emphasizes the need for careful consideration of how different types of income can impact tax liabilities, including Social Security and Medicare premiums. The hosts also highlight the significance of rebalancing portfolios in a tax-efficient manner and the benefits of utilizing tax maps for better financial planning. Listen now to learn more!   Takeaways Asset allocation should come before asset location in retirement planning. Tax-efficient asset classes should be prioritized in taxable accounts. Rebalancing in tax-advantaged accounts avoids generating taxable income. Understanding the social security tax torpedo is crucial for retirees. Roth conversions can be strategically timed to minimize tax impact. Medicare premiums can significantly increase based on income levels. Effective tax planning can lead to substantial savings in retirement. Utilizing buffer assets can help manage tax liabilities effectively. Tax maps can guide retirees in making informed financial decisions. Regularly reviewing tax strategies is essential for optimal retirement planning. Chapters 00:00 Introduction to Retirement Planning and Tax Strategies 02:52 Understanding Asset Location in Retirement Accounts 17:34 Tax Pitfalls in Retirement Planning 30:02 Strategies for Effective Tax Planning Links

The hemophilia treatment landscape is evolving faster than ever. In this episode of Global Hemophilia Report, Patrick James Lynch and Dr. Donna DiMichele are joined by Drs. Hermans, Carpenter, and Hansen to break down the emerging class of rebalancing agents—therapies that don't replace clotting factor, but target new parts of the coagulation cascade. We explore what these treatments mean for patients, clinics, and shared decision-making around the world. Key takeaways include the urgent need for real-world data, better patient education, and the potential for new therapies to protect joint health in ways never seen before. Tune in to hear expert insights, practical considerations, and the future of hemophilia care. Guests: Dr. Cedric Hermans, MD, - Hemophilia Centre,  Saint-Luc University Hospital, Brussels  Dr. Shannon Carpenter, MD - Pediatric Hematology, Kansas City Hemophilia Center: CJ Hansen BSN, RN - Nurse Coordinator & Program Manager,  OSU Comprehensive Cancer Center, Patient Advocate   Senior Advisor: Donna DiMichele, MD   Hosted by: Patrick James Lynch   Featured Advertiser: Sanofi   Subscribe to the Global Hemophilia Report   Show Notes:   The Bigger Picture in Hemophilia B:  Hemophilia A and hemophilia B are different bleeding disorders with unique pathologies and clinical features.1 Due to the distinct behavior of factor IX, multiple PK parameters should be considered when assessing bleed prevention. Learn how a broader view of PK may influence evaluation of treatment and management for patients with hemophilia B.2,3 Learn more at thebiggerpictureinhemb.com  1. Castaman G, Matino D. Haematologica. 2019;104(9):1702-1709. 2. Dolan G, Benson G, Duffy A, et al. Blood Rev. 2018;32(1):52-60.  3. Mann DM, Stafford KA, Poon M-C, Matino D, Stafford DW. Haemophilia. 2021;27(3):332-339.   Connect with the Global Hemophilia Report Global Hemophilia Report on LinkedIn Global Hemophilia Report on X/Twitter Global Hemophilia Report on Facebook   Connect with BloodStream Media: BloodStreamMedia.com BloodStream on Facebook  BloodStream on X/Twitter   

In this episode, we break down what growth stocks and value stocks really are, why they behave differently, and why investors often get tripped up trying to choose between them. Alex starts with the basics. Growth stocks are companies that are expected to increase earnings or revenue faster than the overall market. These businesses usually reinvest heavily into expansion, new products, or new markets, which means they often pay little or no dividend. Investors are usually willing to pay more for these companies today because of what they may become in the future. That potential can create strong upside, but it also makes growth stocks harder to value and often more volatile. We then contrast that with value stocks. These are usually more established businesses that trade at lower valuations relative to earnings or fundamentals. They tend to have steadier cash flow, more mature business models, and in many cases they return profits to shareholders through dividends. Value investing is usually less about big future expectations and more about what an investor is paying for right now. These stocks can feel less exciting, but that stability and predictability are often part of the appeal. From there, we explain why neither style is always better. Growth tends to do well when interest rates are low, optimism is high, and investors are more comfortable paying for future earnings. Value tends to hold up better when rates are higher, inflation is a concern, and investors care more about present cash flow and valuation discipline. Market leadership rotates because the economic environment changes, investor sentiment changes, and pricing changes with it. The heart of the episode is the warning against trying to time those rotations. Often, investors chase whatever has been working recently, only to shift right before leadership changes. The last several years have shown exactly how quickly that can happen, with growth leading, then value, then growth again, and now value showing strength in early 2026. That kind of movement feels obvious only in hindsight. The main takeaway is simple. Instead of trying to guess which style will win next, we are better served by owning a mix of both. A balanced portfolio, combined with regular rebalancing, creates discipline. It helps trim what has recently run up and add to what has lagged. That reduces performance chasing and keeps the portfolio aligned over time.  As always, successful investing is usually less about prediction and more about structure, patience, and staying diversified. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert Alex Cabot, financial advisors, RJFS, and Jon Gay, and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Please attend our live webinar on portfolio construction and rebalancing scheduled for Thursday, April 30th, at 12PM Eastern, 9AM Pacific time. I will cover the five steps to constructing and rebalancing a portfolio. I will also answer your questions.You can sign up for this special webinar at https://moneyfortherestofus.com/webinar/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Emmanuel Macron's updated French nuclear doctrine represents an unprecedented effort by Paris to coordinate with European partners as U.S. security commitments decline. Rym Momtaz, Sophia Besch, and Ulrich Kühn discuss France's evolving role in European nuclear deterrence and the political and material credibility gaps that persist. [00:00:00] Intro, [00:01:26] Macron's Update to France's Nuclear Doctrine, [00:09:13] The Role of the Baltics in Europe's Defense, [00:22:47] European Alternatives to the U.S. Extended Deterrence. Rym Momtaz, April 7, 2026, “On NATO, Trump Should Embrace France Instead of Bashing It,” Strategic Europe, Carnegie Europe. Rym Momtaz (ed.), March 12, 2026, “Taking the Pulse: Is France's New Nuclear Doctrine Ambitious Enough?,” Strategic Europe, Carnegie Europe. Ulrich Kühn, February 24, 2026, “The Unintended Consequences of German Deterrence,” Global Policy vol. 17, issue S1: 1-9, https://doi.org/10.1111/1758-5899.70134. Sophia Besch, Erik Brown, and Rafaela Uzan, December 22, 2025, “Rebalancing the Transatlantic Defense-Industrial Relationship: Regional Pragmatism in Northeastern Europe,” Carnegie Endowment for International Peace. Sophia Besch and Jamie Kwong, December 11, 2025, “Unpacking Europe's Deterrence Dilemmas,” Strategic Europe, Carnegie Europe. Ulrich Kühn, May 1, 2025, “Is Europe Moving to an Independent Nuclear Deterrent?,” Arms Control Today, Arms Control Association.

If a property keeps showing higher maintenance costs, is it still the best place to keep your capital?This week on the Not Your Average Investor Show, Gregg Cohen and Pablo Gonzalez welcome back Michael Santorios to explore how to think through operational intensity, property performance, and whether a move like a 1031 exchange into newer construction may make sense.You'll Learn:

In 2003, Premier Wen Jiabao warned that China's growth model was unbalanced between supply and demand, over-reliant on investment and exports. More than 20 years later, the imbalance is smaller — but China is vastly larger. What its economy produces and exports now moves global markets. The argument about China's external surplus is no longer just a spat between Beijing and Washington.Yiping Huang, Dean of the National School of Development at Peking University, has written a chapter in the fourth Paris Report, published jointly by CEPR and Bruegel, examining China's structural imbalances from the inside. His argument: the same policies that powered 45 years of growth also suppressed household income and consumption. Factor market distortions, especially artificially low interest rates, kept the cost of capital down and subsidised state-owned enterprises; decentralised GDP-target competition pushed local governments toward investment and industrial expansion rather than services and household support.The result was a powerful supply side with a persistently weak domestic demand side. When you produce more than you can sell at home and you are a small economy, you export the rest. When you are the world's second largest economy, the world notices. China's consumption share of GDP rose from around 50% in 2010 to 57% in 2024, still well below the mid-seventies average of comparable economies, and two fresh crises complicate the path. The property market has been contracting since mid-2021 and it is now a drag on local government finances, household wealth, and bank balance sheets. Local government subsidies have created overcapacity in new industries such as electric vehicles and batteries. Huang's conclusion is that rebalancing is necessary and achievable, but it requires the government stepping back from direct resource allocation, the private sector and market taking on larger roles in innovation, and a significant strengthening of social protection to give households both the income and the confidence to spend.The report discussed in this series of episodes:Rey, Hélène, Beatrice Weder di Mauro, and Jeromin Zettelmeyer (eds). 2026. The New Global Imbalances. Paris Report 4. CEPR Press and Bruegel. Free to download at cepr.org.The chapter discussed in this episode:Huang, Yiping. 2026. "Rebalancing of the Chinese economy: Challenges and policy options." In Rey, Weder di Mauro, and Zettelmeyer (eds), The New Global Imbalances. Paris Report 4. CEPR Press and Bruegel. To cite this episode:Phillips, Tim, and Yiping Huang. 2026. “Rebalancing the Chinese Economy”. VoxTalks Economics (podcast).Assign this as extra listening. The citation above is formatted and ready for a reading list or VLE.About Paris Report 4The fourth Paris Report, The New Global Imbalances, is a joint publication of CEPR and Bruegel. It was edited by Hélène Rey (London Business School and CEPR), Beatrice Weder di Mauro (Geneva Graduate Institute and CEPR, and President of CEPR), and Jeromin Zettelmeyer (Bruegel and CEPR). The report examines how, in a high-debt and fragmented world, excess savings, rising surpluses, and rising deficits pose a risk to stability and undermine the global trading system. It is free to download at cepr.org.About the guestYiping Huang is Dean of the National School of Development at Peking University. [verify URL before publishing] He is one of China's leading macroeconomists, with research spanning China's economic transition, financial reform, and the political economy of development. He has advised Chinese policymakers and international institutions including the IMF and the Asian Development Bank on issues of growth, financial reform, and structural change.Research cited in this episodeAsymmetric liberalization is Yiping Huang's term for the approach China took when reforming its economy from the 1980s onward. Rather than the shock therapy adopted by former Soviet economies — privatising state-owned enterprises overnight and hoping markets would fill the gap — China used a dual-track approach. It opened the economy to private firms and foreign investors while maintaining state-owned enterprises in parallel, accepting some inefficiency in exchange for stability in output, employment, and growth. To subsidise the SOEs without direct fiscal transfers, the government kept factor markets, particularly financial markets, partially distorted: deposit and lending rates were held below market-clearing levels, reducing funding costs and effectively transferring income from savers and households to producers. The result was a very strong supply side and a structurally weak domestic demand side, which Huang identifies as the root cause of China's persistent external surpluses.Involution (Chinese: 内卷, nèijuǎn) is a term in wide use in China to describe a particular form of competitive overextension: effort that intensifies without producing proportional gains in quality, efficiency, or welfare. In the economic policy context Huang uses it, involution refers to the overcapacity problem in China's newer industries, including electric vehicles, batteries, and solar panels. Local governments, motivated by GDP targets and decentralised competition, have subsidised capacity expansion in these sectors without requiring corresponding advances in technology or product quality. The result is high-volume, low-margin competition that can suppress prices globally while leaving firms unable to earn sustainable returns domestically. Huang distinguishes this from the property market crisis, which has a different structure and cause.New quality productive forces is the term used in China's 15th Five-Year Plan (2026 to 2030) to describe the supply-side transformation the government is aiming for: a shift away from labour-intensive, low-value-added manufacturing toward high-technology, innovation-driven sectors. It reflects the recognition that the industries China dominated in its first decades of reform — low-cost assembly, commodity manufacturing — are no longer competitive given rising domestic wages and costs, and that the next stage of growth has to be driven by productivity and technology rather than factor accumulation.The 15th Five-Year Plan (2026 to 2030) is China's current medium-term planning document. Huang identifies two key anchors: the development of new quality productive forces on the supply side, and a shift toward domestic demand — particularly private consumption — on the demand side. The plan signals a different role for government, more focused on providing social infrastructure, basic research, and protection for households, and less focused on direct resource allocation and industrial project selection. Huang describes the two anchors as a circuit: if supply-side innovation and demand-side consumption can be connected efficiently, the Chinese economy can sustain growth for much longer without relying on external demand.The Japan comparison is used by Huang to set expectations for China's consumption rebalancing. Japan's private consumption share of GDP was at its lowest in 1970 and did not reach the average of comparable advanced economies — around the mid-seventies — until around 2010: a process of roughly forty years. China's consumption share is currently around fifty-seven percent, still well below that average. Huang acknowledges the parallel but expresses hope that China can close the gap faster than Japan did; the point of the comparison is that raising household consumption is a structural, decades-long process, not a policy lever that can be pulled in a single plan cycle. It requires sustained growth in household income and improvement in the social safety net to reduce precautionary saving.China's current account surplus peaked at 9.8% of GDP in 2007, immediately before the global financial crisis. Huang notes that significant adjustment has already taken place: the average surplus between 2018 and the mid-2020s was below two percent of GDP, and the investment share of GDP fell from a peak of forty-seven percent in 2011 to forty-one percent in 2024. The surplus rose to 3.7% of GDP in 2024 partly as a result of weak domestic demand following the property market correction. Huang's argument is that the external imbalance and the internal consumption shortfall are the same problem viewed from different angles; fixing one requires fixing the other.More VoxTalks Economics episodesThis is the third episode in our series on Paris Report 4. In the first episode, Maurice Obstfeld of the Peterson Institute for International Economics examines the history of global imbalances and what previous episodes can teach today's policymakers. In the second episode, Gilles Moëc, Chief Economist at AXA, explains why the US government is so keen to promote stablecoins and the risks they may pose to the financial system.For an interview with two of the report's editors, Beatrice Weder di Mauro and Jeromin Zettelmeyer, on the problem of global imbalances, listen to The Sound of Economics, Bruegel's podcast. Available at bruegel.org.

In this episode, Liz Ann Sonders and Collin Martin discuss recent market volatility, highlighting a sharp equity rally following news of a temporary ceasefire abroad. Liz Ann cautions that the dramatic, short‑term swings across asset classes reflect an increasingly “casino‑like” mentality in markets, where trading and speculation often blur with long‑term investing.  Turning to fixed income, Collin reviews heightened volatility in Treasury yields and shifting expectations for Federal Reserve policy. While markets have begun to price in the possibility of a rate cut later this year, Collin notes that Schwab's outlook remains largely unchanged: The Fed is likely to stay on hold for some time, and long‑term Treasury yields may remain in a relatively stable range. He underscores that for long‑term investors, modest daily moves in yields should not drive portfolio decisions, reinforcing the role bonds play as part of a broader investment strategy rather than a tactical trade. Then, Liz Ann is joined by Nela Richardson, chief economist at ADP, who offers a nuanced view of the U.S. labor market using high‑frequency payroll data. Richardson describes today's labor market as solid but lacking dynamism, with job growth highly concentrated in health care due to aging demographics. She also explores how artificial intelligence is reshaping work—not by eliminating entire jobs, but by transforming individual tasks—often augmenting higher‑skill roles while automating simpler ones.  Finally, Collin and Liz Ann discuss which key economic data to watch in the coming weeks. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.  If you enjoy the show, please leave a rating or review on Apple Podcasts. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results. Investing involves risk, including loss of principal.  Diversification, asset allocation, and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets. Rebalancing may cause investors to incur transaction costs and, when a non-retirement account is rebalanced, taxable events may be created that may affect your tax liability. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement for Futures and Options: https://www.schwab.com/Futures_RiskDisclosure prior to trading futures products. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications,0 and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab.  International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate this risk. Money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of an investment at $1.00 per share, it is possible to lose money by investing in the fund. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions  (0426-0YC8) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jim talks with Jeff Giesea, entrepreneur, writer, and founder of the Boyd Institute, about his essay "Dionysian Futurism" and the broader question of what's missing from our visions of the future. They discuss Nietzsche's Apollo/Dionysus framework from The Birth of Tragedy, the critique that techno-optimist futures are lifeless and sterile, Jim's extension of that critique to Game B and adjacent social change spaces, the distinction between positive Dionysian energy and mere degeneracy, Jim's concept of decadence as wire-heading on dopamine traps and gambling apps, generational decline in conviviality, Gen Z statistics on less sex and fewer dates, the structural economic pressures of student debt and housing unaffordability, the shift in college freshman values away from meaningful philosophy of life toward financial success, the dinner party versus restaurant ratio and what's been lost, the vanished culture of Georgetown dinner salons and political hostesses like Pamela Harriman, the trade-off between women entering the workforce and the loss of socially maintained conviviality infrastructure, the call to bring back the host or hostess curating eight to twelve people around a topic, Jeff's "The Humanities Revolution Has Already Begun" essay and the Kairos Project's decentralized open-source great-books discussion groups, Hannah Arendt's The Human Condition and its relevance to AI and what it means to be human, the tent-revival quality of the new bottom-up humanities movement, Homer and the bards as evidence that great books were never meant only for scholars, Substack as Renaissance Florence, self-gatekeeping around the humanities and the call to read great books at any phase of life, Jim's return to the Iliad and Odyssey and current reading of Zen and the Art of Motorcycle Maintenance, audiobooks and the opportunity to produce better audio versions of copyright-free great works, Foucault as a poisoner of two generations of scholars, the woke turn in university humanities departments and Jacob Savage's essay "The Lost Generation," three drivers of the humanities revolution in pushback against woke academia, digital technology, and AI, AI as a tool for reading difficult books versus the risk of delegating critical thinking, Pirsig's concept of quality as a North Star for deciding when to use AI, taste as the Silicon Valley word for quality, Jeff's "goddamn Boomers" trilogy on the Boomer reckoning and the long Boomer farewell, the Boomer paradox of holding society together while holding it back, the gerontocracy problem of spending six dollars on old people for every one dollar on young people, entitlement spending flowing to the wealthiest demographic, Social Security couples at the top receiving over a hundred thousand dollars a year, California's real estate tax caps and their effect on schools, the political power of older voters and the absence of an AARP for young people, Gen X's failure to produce a presidential contender, Don Draper in Mad Men as a hinge figure between Greatest Generation and Boomer values, Boomer narcissism versus Gen X grandiosity, Jim's reframe of the core Boomer failing as hyper-individualism rather than narcissism, and much more. Episode Transcript "Dionysian Futurism," by Jeff Giesea The Boyd Institute Jeff Giesea (Twitter) "The Lost Generation," by Jacob Savage "The Boomer Reckoning No One's Ready For," by Jeff Giesea "Boomer Caregiving Will Wreck Our Politics," by Jeff Giesea "The Long Boomer Farewell," by Jeff Giesea "The Broligarchy Will Either Save the World or Destroy It," by Jeff Giesea Jeff Giesea is an entrepreneur, investor, and writer. A Stanford graduate, he has built several successful businesses and recently founded the Boyd Institute, a policy lab for America's future. You can read his essays on his Substack.

Microsoft says Windows 11 is getting less rubbish but we are skeptical, vehicles with alcohol interlocks won’t start because the manufacturer’s server is down, and whether you should virtualise a router or a NAS. Plugs Support us on patreon and get an ad-free RSS feed with some early episodes Five‑Year Storage Design with OpenZFS: Media Refresh, Rebalancing, and Hardware Independence News/discussion Our commitment to Windows quality Microsoft fixes broken Windows update days after vowing fewer broken updates Cyberattack on vehicle breathalyzer company leaves drivers stranded across the US Free consulting We were asked about whether you should virtualise a router or a NAS. See our contact page for ways to get in touch.

Microsoft says Windows 11 is getting less rubbish but we are skeptical, vehicles with alcohol interlocks won’t start because the manufacturer’s server is down, and whether you should virtualise a router or a NAS. Plugs Support us on patreon and get an ad-free RSS feed with some early episodes Five‑Year Storage Design with OpenZFS: Media Refresh, Rebalancing, and Hardware Independence News/discussion Our commitment to Windows quality Microsoft fixes broken Windows update days after vowing fewer broken updates Cyberattack on vehicle breathalyzer company leaves drivers stranded across the US Free consulting We were asked about whether you should virtualise a router or a NAS. See our contact page for ways to get in touch.

In this Episode of Dental Board Room Podcast, host Wes Read sits down with Brandon and Paul to break down the biggest forces currently shaping the market, from geopolitical tensions with Iran to Federal Reserve policy and overall stock market resilience.The discussion explores how global conflict, particularly disruptions in energy supply, can ripple through inflation, interest rates, and portfolio performance. The team shares their base-case expectations, potential risks, and how they are actively positioning client portfolios to navigate uncertainty.Despite short-term volatility, the conversation reinforces a long-term, disciplined investment philosophy focusing on diversification, strategic rebalancing, and avoiding emotional decision-making. The episode closes with practical, “set-it-and-forget-it” strategies investors can apply right now.What You'll LearnHow the Iran conflict and energy disruptions impact global marketsWhy oil prices are a key indicator for economic and market directionThe role of the Federal Reserve and how interest rate decisions affect investmentsWhat the “Great Rotation” means and why value stocks are outperformingHow rising bond yields influence tech stocks and overall valuationsWhy diversification beyond the “Magnificent Seven” is criticalHow disciplined rebalancing helps investors take advantage of volatilitySimple, practical strategies to strengthen your portfolio in uncertain marketsKey TakeawaysGeopolitical events drive markets through energy: Oil supply disruptions can increase inflation and recession risk if prolonged.Short-term volatility is expected but often temporary: Markets have historically rebounded after geopolitical shocks.Interest rates may stay higher for longer: Inflation risks from energy prices are delaying expected rate cuts.Value stocks are gaining momentum: Sectors like energy, financials, and utilities are outperforming high-growth tech.Diversification matters more than ever: Overexposure to a few large tech stocks increases portfolio risk.Rebalancing creates opportunity: Selling stable assets (like bonds) to buy discounted equities during downturns can enhance long-term returns.Markets reward discipline, not timing: Consistent investing and dollar-cost averaging outperform emotional decisions.Focus on what you can control: Income growth, spending discipline, and steady investing are the true drivers of long-term wealth.

In this episode, we sit down with Doctor's Best Ambassador, Dr. Devin Stone — naturopathic doctor and founder of Tulsi Wellness — for a no-BS conversation answering the health questions you've been thinking about… but didn't know who to ask.

Fatigue, brain fog, and bloating can feel like separate issues—but they often start in the same place: your gut.  Rebalancing it naturally can transform your energy, focus, and overall health. In this episode, our Megan shares a simple, science-backed gut reset formula that helps you feel better from the inside out. If you get a ton of value in this episode, I would love to invite you to subscribe because it costs nothing to subscribe. Megan Barefoot is a Certified Holistic Nutrition Consultant and Integrative Health Coach on a mission to help people fall in love with their guts again.  As the founder of No Shoes Nutrition, Megan blends science-backed strategies with a playful, down-to-earth approach to transform how we eat, think, and feel.  Known for her infectious energy and knack for turning complex nutrition concepts into simple, doable steps, she's passionate about gut health, balancing hormones, and helping clients ditch inflammation so they can thrive—body, mind, and soul.  When she's not coaching or teaching her wildly popular cooking classes, you can find her experimenting in the kitchen, speaking on stages, or inspiring others to live boldly and feel their absolute best.  Welcome, Megan!Support the showCheck out Petite2Queen for more great interviews, podcasts, and blogs to help you achieve more, faster!https://www.petite2queen.com/​

Asia is playing a bigger role in global supply chains as trade shifts, regional demand grows, and companies focus on execution over noise.In this episode of Supply Chain Now, Scott Luton is joined by Raymon Krishnan, President of The Logistics & Supply Chain Management Society, and Brett Marshall, Editor-in-Chief of LogiSYM Magazine, for a grounded conversation on what's happening across Asia and Southeast Asia. From Singapore's role as a logistics and coordination hub to the rise of domestic markets across the region, they walk through the changes influencing how supply chains operate today.Scott, Raymon, and Brett discuss how companies are adjusting to new trade patterns, building stronger regional capabilities, and managing ongoing disruption while keeping day-to-day operations on track. They share practical examples of how AI is being used in procurement and freight, while emphasizing the need to focus on what delivers results.The conversation also covers the growing importance of risk management, the need for continuous learning, and the role of relationships in keeping supply chains running. The episode closes with insights on Singapore's next phase of growth, the rise of reverse logistics innovation, and the people-first mindset that continues to drive the industry forward.Jump into the conversation:(00:00) Intro(03:38) Warm-up stories and sports talk(08:03) Optimism and caution in global supply chains(12:34) Looking past headlines in supply chain news(16:30) Staying focused amid constant disruption(21:23) Rebalancing vs reinvention in global supply chains(30:26) Practical AI use cases in logistics(32:49) Skills and leadership for the future workforce(39:46) Singapore's logistics strategy and infrastructure(46:41) Reverse logistics and sustainability initiatives(50:07) LogiSYM APAC and industry collaborationAdditional Links & Resources:Connect with Raymon Krishnan: https://www.linkedin.com/in/raymonkrishnan/Connect with Brett Marshall: https://www.linkedin.com/in/brett-marshall-944b537/Learn more about The Logistics & Supply Chain Management Society: https://lscms.org/Learn more about LogiSYM Magazine: https://magazine.logisym.org/magazine/Learn more about our hosts: https://supplychainnow.com/aboutLearn more about Supply Chain Now: https://supplychainnow.comWatch and listen to more Supply Chain Now episodes here: https://supplychainnow.com/program/supply-chain-nowSubscribe to Supply Chain Now on your favorite platform: https://supplychainnow.com/joinWork with us! Download Supply Chain Now's NEW Media Kit: https://bit.ly/3XH6OVkSupply Chain Now en Espanol WEBINAR- Visibilidad estrategica en Pharma: control, cumplimiento y resiliencia en entornos de alto riesgo: https://bit.ly/4rku7lCWEBINAR- Talent Management Playbook for Supply Chain Leaders: https://bit.ly/4uc2OfBWEBINAR- From Workforce Planning to Hourly Performance Management: How GEODIS Americas Turned Labor Productivity into a Growth Engine: https://bit.ly/4blRfKpWEBINAR- Ahead of Disruption: How AI-First Design Builds Supply Chain Resilience — and Transforms the Teams Behind It: https://bit.ly/4ldRn3bThis episode was hosted by Scott Luton and produced by Trisha Cordes, Joshua Miranda, and Amanda Luton. For additional information, please visit our dedicated show page at: https://supplychainnow.com/asia-crossroads-reinvention-risk-supply-chain-growth-1561

Today's guests are Wes Gray, Co-CIO of Alpha Architect, and Brent Sullivan, Editor of Tax Alpha Insider, which is the only publication focused on taxable portfolio strategy. In today's episode, Brent Sullivan and Wes Gray discuss how to handle concentrated stock positions. They explore the complexities around 351 ETF exchanges, what investors need to know when participating to adhere to tax laws. To close, they examine the rise of tax-managed long-short strategies and how AI may transform tax planning and portfolio management. (0:00) Starts (1:18) Brent Sullivan's background (3:36) Handling concentrated stock positions (7:32) 351 to ETF conversions (14:49) Regulatory scrutiny & IRS enforcement (27:39) Rebalancing, tax implications and practical advisor advice (34:09) Future ETF seeding predictions (39:01) Comparing ETF seeding and portfolio consolidation strategies (45:48) Long short strategies (52:23) Brent Sullivan's book and conference ----- 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 ----- 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.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!  ----- 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

Questions? Comments?This episode moves from the origin of “rule of thumb” to why most investing rules of thumb don't work for real people. Tom and Don explore a Yale professor's personalized allocation model, walk through tax-smart strategies for funding a child's car while managing Roth conversions and capital gains, warn about liquidity risks in private credit after restrictions at Blue Owl Capital, explain how to structure IRA withdrawals through disciplined rebalancing, and close by addressing market-timing anxiety for retirees sitting heavily in cash. The through-line: simple rules are comforting, but thoughtful planning beats shortcuts every time.0:04 What “rule of thumb” really means and why investing is full of them2:17 60/40, 100-minus-age, and why simple formulas fall short3:16 Yale professor James Choi's personalized allocation formula4:35 Why a 25-year-old probably should be nearly 100% in stocks6:25 Spreadsheets vs. real-world investors9:39 Portugal caller: funding a daughter's car purchase tax-efficiently13:28 Roth conversions, 12% bracket strategy, and zero capital gains planning16:46 Rebalancing opportunity: selling VTI vs. Schwab Intelligent Portfolio19:16 Private credit warning: liquidity restrictions at Blue Owl Capital23:45 The illusion of “safe” high returns in private lending26:53 IRA withdrawal strategy: sell winners when rebalancing29:35 Annual vs. monthly withdrawal discipline31:34 60/40 vs. 70/30 — how much difference really matters33:32 Retirement income simplification: fewer funds, easier rebalancing34:48 Seattle caller: $1.45M in money market and market-timing temptation36:18 Why market timing fails and when an advisor earns their keepLearn more about your ad choices. Visit megaphone.fm/adchoices

This episode moves from the origin of “rule of thumb” to why most investing rules of thumb don't work for real people. Tom and Don explore a Yale professor's personalized allocation model, walk through tax-smart strategies for funding a child's car while managing Roth conversions and capital gains, warn about liquidity risks in private credit after restrictions at Blue Owl Capital, explain how to structure IRA withdrawals through disciplined rebalancing, and close by addressing market-timing anxiety for retirees sitting heavily in cash. The through-line: simple rules are comforting, but thoughtful planning beats shortcuts every time. 0:04 What “rule of thumb” really means and why investing is full of them 2:17 60/40, 100-minus-age, and why simple formulas fall short 3:16 Yale professor James Choi's personalized allocation formula 4:35 Why a 25-year-old probably should be nearly 100% in stocks 6:25 Spreadsheets vs. real-world investors 9:39 Portugal caller: funding a daughter's car purchase tax-efficiently 13:28 Roth conversions, 12% bracket strategy, and zero capital gains planning 16:46 Rebalancing opportunity: selling VTI vs. Schwab Intelligent Portfolio 19:16 Private credit warning: liquidity restrictions at Blue Owl Capital 23:45 The illusion of “safe” high returns in private lending 26:53 IRA withdrawal strategy: sell winners when rebalancing 29:35 Annual vs. monthly withdrawal discipline 31:34 60/40 vs. 70/30 — how much difference really matters 33:32 Retirement income simplification: fewer funds, easier rebalancing 34:48 Seattle caller: $1.45M in money market and market-timing temptation 36:18 Why market timing fails and when an advisor earns their keep Learn more about your ad choices. Visit megaphone.fm/adchoices

Quint and Allie talk about rebalancing your retirement accounts: how often, tax consequences, and why it is helpful. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

⁠