Podcasts about rebalancing

For investors nearing retirement, decisions surrounding pension elections and portfolio discipline require careful analysis. In this episode, we examine two foundational areas of retirement planning.First, we discuss the mechanics of portfolio rebalancing and its role in maintaining intended risk levels over time. Second, we analyze a real world pension scenario involving a $60,000 lifetime annuity versus a $1.2 million lump sum. The conversation explores income durability, estate impact, Monte Carlo outcomes, liquidity considerations, and how a personal pension strategy can alter long term results.This episode is intended to provide structured perspective for those evaluating significant retirement decisions.Learn more at swpconnect.com

Dear Friends,In this episode of Gateways to Awakening, I sit down with Doug Hilton, a counselor with over 30 years of experience supporting clients through trauma, addiction recovery, and couples/family dynamics, and a Certified Universal Healing Tao instructor who has integrated Qigong into his clinical practice for two decades. Doug is also the co-author (with Master Mantak Chia) of The Tao of Addiction and Recovery, a book that reframes addiction through a Taoist lens: not as a moral failure, but as a system-level imbalance—physical, emotional, mental, and spiritual.Together, we explore:- Why Doug describes addiction as an imbalance in the system, and how that insight emerged through Taoist training in Thailand- What Taoism is (and what it is not): a spiritual system rooted in living in harmony with nature, without dogma or forced belief- How addiction develops through natural human tendencies (adaptation, denial, pain avoidance) that can become exploited over time- The Taoist view of recovery as harmony over willpower, and why inner balance reduces the “need to medicate”- A practical, grounding Qigong entry point: breathing into the lower Dantian (“Where the mind goes, the chi follows”)- The Inner Smile Meditation and the elemental organ system—how sequencing (wood → fire vs. water → fire) supports balance- Doug's work bridging Western therapy and Taoist energetics: EMDR, trauma, and Taoist Emotional Recycling (TER)- A simple guided TER eye-movement practice you can try (when you are not driving) to support emotional clearing- Shame, guilt, relapse, and how restoring flow through the “garden hose” system of energy channels changes recovery outcomes- Why sexuality and sexual energy are often neglected in mainstream recovery—and how Taoist practices help integrate it with care- Doug also shares his personal journey—how Taoism “found him” long before he fully understood it—and why he believes this work matters not only for people facing addiction, but for anyone touched by it.Resources & LinksDoug Hilton: fullcirclehealing.caThailand program: balancerhehab.solutionsBook: The Tao of Addiction and Recovery Tune in to Gateways to Awakening for more conversations with leading thinkers, creators, and spiritual pioneers shaping the future of consciousness. For more from me: follow my writing on Substack (substack.com/@therealyasmeent), find me on Instagram @TheRealYasmeenT, or visit InnerKnowingSchool.com

Bloomberg ETF analyst James Seyffart discusses the $9 billion crypto ETF exodus, the spaghetti cannon approach to new ETF launches, and why the great sector rotation into energy, materials, and industrials creates the perfect environment for active managers while AI steals crypto's speculative thunder. We also dig into the risks of levered and covered call ETFs, index rebalancing, and more. Enjoy! __ Follow James: https://x.com/JSeyff Follow Felix: https://x.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx Join us at Digital Asset Summit 2026 in NYC March 24-26th! Use code FORWARD200 for $200 OFF! https://blockworks.co/event/digital-asset-summit-nyc-2026 __ Coinbase crypto-backed loans, powered by Morpho, enable you to take out loans at competitive rates using crypto as collateral. Rates are typically 4% to 8%. Borrow up to $5M using BTC as collateral and up to $1M using ETH as collateral. Manage crypto-backed loans directly in the Coinbase app with ease. Learn more here: https://www.coinbase.com/onchain/borrow/get-started?utm_campaign=0126_defi-borrow_blockworks_FG&marketId=0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836&utm_source=FG — Timestamps: (00:00) Intro (03:25) What Happened To Crypto? (06:18) The Basis Trade (08:12) The Evolving ETF Landscape (12:48) Onboarding Institutions & Tokenization (17:47) Global Access To ETFs (20:09) Top Holders & Sellers And AI Competition (25:35) Ads (Coinbase) (26:28) Levered & Covered Call ETFs (31:00) Index Inclusions & Rebalancing (35:00) Massive Dispersion & ETF Rotations (41:07) Private Credit & Equity (45:30) Final Thoughts __ Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #macro #investing #markets #stocks #stockmarket

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

In this episode of Excess Returns, Jason Hsu returns for a wide-ranging conversation on China's economy, the global AI race, emerging markets, factor investing, and what the next phase of globalization could mean for U.S. investors. We explore how China's fiercely competitive domestic capitalism contrasts with common Western narratives, why AI could reshape professional services the way globalization reshaped manufacturing, and how investors should think about portfolio allocation in a shifting G2 world.This discussion covers China manufacturing dominance, Chinese EV competition, U.S. vs. China AI strategy, emerging markets investing, factor investing in inefficient markets, and how machine learning is changing quantitative portfolio management.Main topics coveredWhy U.S. investors misunderstand China's economic system and the role of competition inside its domestic marketHow China became the world's manufacturing powerhouse and what that means for tariffs and trade warsThe Chinese government's role as a venture-style capital allocator rather than a central plannerThe real estate reset in China and the shift toward technology, AI, and advanced manufacturingAI as the next wave of globalization and its impact on professional services and labor marketsWhether the U.S. vs. China AI competition is truly winner-take-allCapital expenditure intensity in the U.S. vs. capital efficiency and open-source innovation in ChinaU.S. exceptionalism, G2 geopolitics, and portfolio diversification beyond a U.S.-centric allocationWhy emerging markets ex-China may differ from China tech exposureThe case for separating China from emerging markets in asset allocationThe concept of China as an alpha reservoir due to retail-driven market inefficienciesWhy traditional value and factor strategies have struggled in the U.S. but still work in ChinaHow machine learning and AI are changing quantitative investing and factor constructionThe launch of CNQQ and accessing large-cap China technology exposureTimestamps00:00 China as the world's factory and the role of fierce internal competition01:02 Why U.S. investors misunderstand China's economy03:48 Is China capitalist despite the Communist Party label05:33 The government as a VC-style investor rather than central planner07:45 China EV competition and manufacturing dominance09:23 Tariffs, trade leverage, and manufacturing monopoly dynamics12:18 China's bear market and valuation opportunity13:59 The real estate reset and shift toward productive capital16:00 AI as the next wave of globalization18:01 Labor force participation and economic disruption from AI19:46 Jobs that may survive in an AI-dominated world22:00 Is U.S. vs. China AI a winner-take-all battle24:13 Chip restrictions and long-term innovation incentives26:54 Capital efficiency in China vs. heavy AI capex in the U.S.29:27 Rebalancing away from U.S.-centric portfolios31:18 The end of U.S. exceptionalism and the move toward a G2 world34:00 How endowments approach U.S., developed, and emerging markets36:35 CNQQ and accessing China large-cap technology40:45 China as the great alpha reservoir45:49 The future of factor investing in efficient vs. inefficient markets49:06 Machine learning, factor decay, and next-generation quant strategies55:17 Can AI replace active portfolio managersIf you enjoy deep conversations on global markets, AI investing, China technology, emerging markets, and quantitative strategies, make sure to subscribe to Excess Returns for more interviews with leading investors and thinkers.

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.

After you listen:Explore ways to invest in cryptocurrency with Schwab.Learn more about the ins and outs of the crypto market.In this episode, Mark Riepe is joined by Jim Ferraioli, Director of Digital Currencies Research and Strategy, for a realistic assessment of cryptocurrency as a long-term asset class. The discussion details the fundamental drivers of digital asset valuations and the strategic role low-correlation assets can play in a diversified portfolio. By examining the impact of high volatility and the "herding" bias, the conversation provides a disciplined framework for potentially determining the suitability of crypto exposure. This overview moves beyond the hype to help investors understand the essential risks and realities of the current digital asset landscape.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 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. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument. Additional risks apply.Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit schwab.com/FinancialDecoder. If you enjoy the show, please leave us a rating or review on Apple Podcasts.Reach out to Mark on X @MarkRiepe with your thoughts on the show.Follow Financial Decoder on Spotify to comment on episodes.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The 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.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 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. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument. Additional risks apply.Cryptocurrency-related products carry a substantial level of risk and are not suitable for all investors. Investments in cryptocurrencies are relatively new, highly speculative, and may be subject to extreme price volatility, illiquidity, and increased risk of loss, including your entire investment in the fund. Spot markets on which cryptocurrencies trade are relatively new and largely unregulated, and therefore, may be more exposed to fraud and security breaches than established, regulated exchanges for other financial assets or instruments. Some cryptocurrency-related products use futures contracts to attempt to duplicate the performance of an investment in cryptocurrency, which may result in unpredictable pricing, higher transaction costs, and performance that fails to track the price of the reference cryptocurrency as intended.Investing involves risk, including loss of principal.Past performance is no guarantee of future results.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.​The technology relating to digital assets, including blockchain, is new and developing and the risks associated with digital assets may not fully emerge until the technology is widely used. In addition, the values of the companies included in the fund may not be a reflection of their connection to digital assets but may be based on other business operations or lines of business which means that such companies' operating results may not be significantly tied to their respective activities related to digital assets.Diversification, asset allocation, and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets.Rebalancing does not protect against losses or guarantee that an investor's goal will be met. 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.Schwab does not recommend the use of technical analysis as a sole means of investment research.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly.S&P 500® Index-Measures the performance of 500 leading publicly traded U.S. companies from a broad range of industries. It is a float-adjusted market-capitalization weighted index.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.0226-BZ4E Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today's episode, we examine the evolving trade arrangement between Taiwan and the United States and what it truly represents beyond the headlines. This is not simply about tariff adjustments or procurement commitments. It reflects a broader shift in the global economic order, where supply chains are increasingly shaped by security considerations rather than pure efficiency. Taiwan's central role in semiconductors and advanced manufacturing places it at the heart of this transformation. We will explore the structural forces that led to this agreement, its immediate macroeconomic implications for Taiwan, and the longer-term strategic trade-offs. Does deeper integration with the United States strengthen Taiwan's economic resilience, or does it gradually reshape the geography of its technological advantage? Let's take a closer look at what this deal really means. 在今天的節目中，我們將探討臺灣與美國之間持續演變的貿易安排，以及它在新聞標題之外所代表的意義。這不只是關於關稅或採購承諾，而是反映全球經濟秩序的轉變——供應鏈的布局越來越受到安全優先考量的影響，而不再僅僅追求效率。臺灣在半導體與先進製造領域的關鍵角色，使其處於這場轉型的核心位置。 本集將分析促成這項協議的結構性因素、對臺灣短期總體經濟的影響，以及長期的戰略意涵。更深入地整合美國市場，究竟能否強化臺灣的經濟穩定性，還是會逐步改變其技術優勢的地理分布？讓我們理性檢視這項協議對臺灣未來發展所釋放的訊號。 Powered by Firstory Hosting

FirstMetroSec's Anjz Baccay talks about the MSCI Feb 2026 Rebalancing Results, its impact to the market and how the quarterly rebalancing affected some stocks. These and more, only here on Philippine Stock Market Weekly.

Markets may feel calm despite geopolitical noise, but uncertainty is the permanent condition of investing—and the price of admission for higher returns. Don and Tom unpack Jason Zweig's reminder that investors hate uncertainty (tough), discuss the surge in speculation from leveraged ETFs to prediction markets, and explain why “play money” accounts should stay small. They field listener questions on building an investment policy statement, rebalancing without sabotaging returns, simplifying overly complex ETF portfolios, choosing international small-cap exposure, and setting up custodial accounts (with a nod to Roth IRAs for working teens). The core message: take only the risk you need, not the risk your inner con man wants. 0:00 The podcast that never ends; investors hate uncertainty 1:19 Jason Zweig revisits 2008 and the permanence of market uncertainty 3:16 Calm markets, speculative behavior, and the rise of prediction markets 6:00 “Play money” accounts and the danger of confusing gambling with investing 8:18 Take the risk you need—not the risk you want 9:05 Writing down how you feel during downturns 11:51 Listener question: Rebalancing and creating an Investment Policy Statement 17:09 25-year-old portfolio review: Too much complexity, wrong tilts 20:27 International small-cap choice: AVDV vs. AVDS 23:26 Custodial accounts for teens and the Roth IRA opportunity 26:10 RetireMeet 2026 promotion and event details Learn more about your ad choices. Visit megaphone.fm/adchoices

„2 rein, 2 raus“ - Rebalancing im BX Musterportfolio: Siemens Energy & Sandoz neu im BX Musterportfolio. Im BX Morningcall diskutieren Investment-Stratege François Bloch und Olivia Hähnel (BX Swiss) ausgewählte Top-Aktienwerte aus dem BX Musterportfolio, inklusive Rebalancing-Entscheid. NEU✅ Sandoz - CH1243598427 NEU✅ Siemens Energy - DE000ENER6Y0 Aus dem Musterportfolio: Howmet Aerospace - US4432011082 2 Aktien verlassen das BX Musterportfolio: ❌ Dollarama CA25675T1075 ❌ JPMorgan Chase & Co US46625H1005

How should investors react when markets get volatile—and headlines get loud? In this episode of The Market Moment, Matt, John, and Lee break down what volatility really means, why it isn't always a bad thing, and how long-term investors can stay disciplined when fear and greed start creeping in. The conversation covers why volatility is a normal part of investing, how emotional decision-making often causes more damage than market pullbacks, and why “staying the course” only works if your portfolio is built for your true risk tolerance. The team shares real-world examples—from tariff scares to market recoveries—to show how panic selling can cause investors to miss long-term gains. They also explore portfolio rebalancing at market highs, diversification beyond U.S. stocks, and why today's shift from growth to value stocks may actually be a healthy sign for the broader market. From midterm election years to the January Barometer, the episode provides historical context without falling into market-timing traps. Key topics include: ➡️ What market volatility really means (and why it's often misunderstood) ➡️ Fear vs. greed and how emotions impact investment decisions ➡️ Why staying invested matters more than timing the market ➡️ Rebalancing strategies during record market highs ➡️ Risk tolerance vs. risk capacity—knowing what you can truly handle ➡️ Midterm election years and historical market volatility ➡️ Diversifying beyond U.S. equities and across market sectors ➡️ Growth vs. value stocks and signs of a broadening market ➡️ Why ignoring market “noise” is critical for long-term success   The episode wraps with a discussion on market leadership shifting away from the Mag 7, what that means for investors going forward, and why building a portfolio you can stick with—through good markets and bad—is the real key to long-term success. Enjoyed the episode? Don't forget to:

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In this urgent solo episode, Darin breaks down what may be the most dangerous fatal convenience of our time: the digital algorithms quietly hijacking our attention, biology, and sovereignty. Billions of dollars are being spent to keep you scrolling by triggering fear, shame, comparison, and low-grade stress, and the cost is your presence, peace, and power. Drawing from neuroscience, public health data, indigenous wisdom, and lived experience, Darin exposes how the modern digital environment is engineered to extract from us, and why reclaiming your attention is one of the most powerful acts of self-protection available today. This episode is a call to stop outsourcing your life to algorithms, and start consciously designing your own.     What You'll Learn Why your attention is the most valuable real estate on Earth How algorithms are designed to exploit fear, shame, and comparison Why digital addiction is now considered a global public health crisis The biological cost of constant scrolling and notification overload How distraction prevents you from choosing your own life Why willpower fails against billion-dollar attention economies The concept of the "toxic digital environment" Indigenous wisdom as an antidote to modern extractive systems What it means to build your algorithm for life How intentional friction restores focus and freedom The science behind lost concentration and attention recovery Why psychological richness matters more than happiness Simple, actionable steps to reclaim your time and sovereignty     Chapters 00:00:00 – Welcome to SuperLife and the sovereignty mission 00:00:33 – Sponsor: Our Place and non-toxic cookware 00:03:08 – The most expensive real estate on Earth: your attention 00:03:27 – How algorithms hijack fear, shame, and comparison 00:03:56 – The toxic digital environment as a fatal convenience 00:04:21 – What convenience is really costing you 00:04:28 – Breaking the loop and building your own algorithm 00:04:41 – Digital addiction as a global public health crisis 00:04:58 – Why countries are banning social media for kids 00:05:12 – Biological harm: sleep loss, cortisol, and focus collapse 00:05:18 – Big Tech lawsuits and internal documents 00:05:39 – Dopamine delivery systems and low-grade stress 00:06:02 – When you're distracted, you're not choosing your life 00:06:25 – Why more tech isn't the solution 00:06:35 – Indigenous cultures and a different algorithm for life 00:06:48 – The medicine wheel and solving for balance 00:06:59 – Feeding the mental, physical, emotional, and spiritual 00:07:11 – Dadirri: deep listening and stillness 00:07:27 – Reciprocity vs extraction 00:07:37 – Rebalancing time between digital and nature 00:07:53 – Get in the dirt: movement and stillness 00:08:04 – Sponsor: Mana Vitality and frequency-based wellness 00:09:59 – Why willpower doesn't work against AI 00:10:14 – Creating intentional friction 00:10:29 – Removing apps and notifications 00:10:50 – The 23-minute attention recovery rule 00:11:18 – Psychological richness vs endless stimulation 00:11:24 – Why novelty and variety expand life 00:11:45 – Seeking the unknown instead of more of the same 00:12:05 – Nature as the ultimate algorithm 00:12:15 – Auditing your digital environment 00:12:28 – Deleting one app that makes you feel less than 00:12:46 – Why the best things in life aren't convenient 00:13:06 – Taking back attention restores health on every level 00:13:19 – From user to creator of your life 00:13:29 – Why you're not missing anything by not scrolling 00:13:41 – Reclaiming sovereignty together as a community 00:14:24 – Put the phone down. Go outside. Be in your life. 00:14:52 – Final message: this is our power     Thank You to Our Sponsors Our Place: Toxic-free, durable cookware that supports healthy cooking. Go to their website at fromourplace.com/darin and get 35% off sitewide in their largest sale of the year. Manna Vitality: Go to mannavitality.com/ and use code DARIN12 for 12% off your order.     Find More from Darin Olien: Instagram: @darinolien Podcast: SuperLife Podcast Website: superlife.com Book: Fatal Conveniences     Join the SuperLife Patreon: This is where Darin now shares the deeper work: - weekly voice notes - ingredient trackers - wellness challenges - extended conversations - community accountability - sovereignty practices Join now for only $7.49/month at https://patreon.com/darinolien     Key Takeaway When you take back your attention, you take back your life.

Tom and Don break down why gold, silver, and individual stocks remain speculative distractions rather than reliable investments, using recent volatility in precious metals and Microsoft as cautionary examples. They explain how globally diversified portfolios helped investors stay steady while fear-driven assets whipsawed. The show tackles retirement allocation risks, high-cost target date funds, and how much risk retirees may actually need to take. Listener questions cover 401(a) rollovers, withdrawal strategies, rebalancing after a decade, tax treatment of tips, collective investment trusts, teacher retirement plans, and high-yield savings accounts—reinforcing the case for low costs, broad diversification, and disciplined investing. 0:04 Why gold and silver are speculation, not investments 1:19 Precious metals crash and volatility reality check 3:11 Microsoft drop and risks of single-stock investing 4:40 Fear, home bias, and global diversification 7:12 Birthday story and listener banter 8:31 Elaine's 401(a) and risky target-date fund allocation 11:24 High expense ratios vs. low-cost index options 12:47 Retirement income needs and withdrawal risk 14:04 Monte Carlo results for 60/40 portfolios 15:56 Tips income, taxes, and rebalancing questions 18:03 Standard deduction and real tax impact 23:39 Capital Group CIT vs. Vanguard index funds 25:21 Downsides of collective investment trusts 28:08 403(b)WISE and school district plan ratings 29:55 Teacher retirement plan advocacy 32:32 High-yield savings account recommendations 34:18 Rebalancing after 10 years 35:17 Asset location and tax efficiency Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you build an investment portfolio you can actually stick with—when markets get volatile and when they're ripping higher? In this episode of The Market Moment, Matt, John, and Isaac break down what it really means to build a diversified portfolio that fits your true risk tolerance, not just the one you think you have during a bull market. From fear and greed to rebalancing discipline, the conversation digs into why portfolio construction is harder today than ever—even though access to investing has never been easier. The team shares real-world examples of market drawdowns, investor behavior, and why knowing why you own each investment matters more than chasing performance. They also explore how diversification goes far beyond “stocks vs. bonds,” touching on annuities, international equities, alternatives, commodities, and the recent volatility in gold and silver—and what those moves mean (and don't mean) for long-term investors. Key topics include: ➡️ How to assess your real risk tolerance (and why most investors overestimate it) ➡️ Fear vs. greed and how emotions derail long-term plans ➡️ Why timing the market means being wrong twice ➡️ Rebalancing strategies—and how often is too often ➡️ Stocks vs. bonds vs. annuities: what role each can play ➡️ U.S. vs. international investing and sector diversification ➡️ Alternatives, private markets, and what to watch out for ➡️ Gold and silver volatility—and why perspective matters ➡️ Building a portfolio you can stick with in good times and bad   The episode wraps with a timely discussion on recent moves in precious metals, why big price swings can test investor discipline, and how having a clear investment plan helps cut through the noise. Enjoyed the episode? Don't forget to:

In this episode of Talking Real Money, Don and Tom dig into the Washington State pension system's heavy exposure to private equity, sparked by Jason Zweig's Wall Street Journal reporting and a Seattle Times investigation. They explain why high fees, opaque valuations, and lack of liquidity make private equity especially dangerous for public retirement funds—and why Washington leads the nation in risk. The conversation expands to compare pension strategies across states, question governance and oversight, and warn retirees about the real-world consequences of excessive risk. Later, the hosts respond to a listener trapped in a high-fee, actively managed portfolio and variable annuity, illustrating how costs and complexity quietly erode wealth. The show wraps with practical retirement guidance inspired by Warren Buffett—simplify and protect—plus a discussion of converting mutual funds to ETFs for greater efficiency. 0:04 Show open, call-in invitation, and setup on private equity 0:32 Jason Zweig's WSJ reporting on private equity fees and markups 1:25 Washington State pension's heavy private equity exposure 3:23 Valuation and liquidity problems in private equity 4:35 Breakdown of WA pension assets (private equity + real estate) 5:18 Risks of market downturns and illiquidity 6:25 Who's overseeing the pension fund and their qualifications 7:06 Concerns for Washington retirees and contributors 8:28 Board “experts” and potential conflicts of interest 9:55 Difficulty exiting private equity investments 11:06 Questioning reported 12.3% returns vs public markets 11:59 Call for political accountability and reform 12:50 Comparison to states using mostly public index funds 13:35 Why private equity suffers most in downturns 14:22 Comparison of pension private equity exposure by state 15:58 Rebalancing and “emperor's clothes” concern 17:07 Caller Luke reacts to pension risks 18:11 Promotion of RetireMeet and retirement education 19:22 Warren Buffett's retirement advice: simplify and protect 20:28 Risk reduction and advisor role in retirement 21:26 Fiduciary standards and conflicts of interest 22:55 Emphasis on simple, protective portfolios 23:07 Caller Jane asks about high advisory fees 24:40 Discussion of “active management” risks 26:12 Review of proposed funds and red flags 29:57 Analysis of high-fee, high-turnover portfolio 30:57 Concentration and volatility concerns 32:16 Variable annuity warning signs 33:37 Commission conflicts and surrender charges 33:57 Recommendation to change advisors 34:56 Recap of excessive fees and risks 36:33 Importance of honest warnings vs future losses 37:48 Question on converting Vanguard mutual funds to ETFs 38:52 Advantages of ETFs: cost, tax efficiency, liquidity Learn more about your ad choices. Visit megaphone.fm/adchoices

This week's show covers sequence of returns risk in early retirement, avoiding RMD mistakes, rebalancing your portfolio in a lofty market, and lots more!

Today's Post - https://bahnsen.co/4toIPdw In this episode of the Dividend Cafe, host David Bahnsen delves into the importance of portfolio rebalancing, a technique that his practice recently undertook with significant impact. Managing approximately $9 billion in client capital, they executed $530 million of buy transactions and $630 million of sell transactions over six trading days. Bahnsen details the benefits of rebalancing as a powerful risk mitigation tool, a potential return enhancer driven by behavioral finance, and an exercise in humility in the face of market unpredictability. He describes the mathematical simplicity of trimming assets back to their target weights and highlights the diversification of asset classes and sectors. Bahnsen underscores how rebalancing helps maintain a balanced risk-reward ratio tailored to the individual investor's goals and tolerance for volatility. Additionally, he addresses the tax implications, arguing that systematic rebalancing reduces the psychological and financial hurdles associated with large capital gains. Ultimately, Bahnsen advocates for rebalancing as a nearly effortless way to optimize a portfolio for both risk and reward. 00:00 Introduction to Dividend Cafe 00:04 The Importance of Rebalancing 01:39 Understanding Rebalancing Mechanics 04:08 Asset Classes and Rebalancing 08:07 Sector Diversification and Rebalancing 12:43 Behavioral Aspects of Rebalancing 19:03 Tax Implications of Rebalancing 21:33 Conclusion and Final Thoughts Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

In this podcast episode, experts Angela Weyand and Guy Young discuss their experience using hemostatic rebalancing agents for prophylaxis in patients diagnosed with hemophilia. Three rebalancing agents have now been approved, including concizumab, fitusiran, and marstacimab. These new rebalancing agents target the body's natural anticoagulants and provide individualized, convenient options for patients older than 12 years of age.This podcast explores similarities and differences between the rebalancing agents, such as dosing, necessary lab testing, and safety profiles, that are important to discuss with patients and their caregivers.Presenters:Angela Weyand, MDAssociate Professor, Pediatric Hematology OncologyCo-Director, Combined Hematology/Gynecology ProgramPediatric Medical Director, Hemophilia Treatment CenterUniversity of Michigan Medical SchoolAnn Arbor, MichiganGuy Young, MDDirector, Hemostasis and Thrombosis CenterDirector, Clinical Coagulation LaboratoryCancer and Blood Disease InstituteChildren's Hospital Los AngelesProfessor of PediatricsDivision of Hematology/OncologyDepartment of PediatricsUniversity of Southern California Keck School of MedicineLos Angeles, CaliforniaGet access to all of our new podcasts by subscribing to the CCO Neuroscience Podcast on Apple Podcasts, YouTube Podcasts, or Spotify. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Equal-weighted index funds sound like an elegant solution to some of today's biggest investor anxieties: high market concentration, elevated valuations, and outsized influence from a handful of mega-cap stocks. In this episode of the Rational Reminder Podcast, Ben Felix, Dan Bortolotti, and Ben Wilson take a deep, evidence-based look at whether equal weighting actually improves portfolios—or simply introduces new risks under a different name. The discussion breaks down how equal-weighted indices differ fundamentally from traditional market-cap-weighted indexes, why equal weighting has historically outperformed in certain periods, and what's really driving those results beneath the surface. The team explains how equal weighting tilts portfolios toward smaller, cheaper, and more volatile stocks, while also systematically trading against momentum due to frequent rebalancing. Key Points From This Episode:   (0:01:10) Introduction to Episode 394 and discussion about declining enthusiasm over long podcast runs. (0:02:00) PWL Capital's growing work with institutional clients and why index-based approaches are rare in that space. (0:05:12) Episode topic introduced: equal-weighted index funds and why listeners keep asking about them. (0:06:00) Definition of market-cap-weighted vs. equal-weighted indexes using the S&P 500 as the main example. (0:07:14) Historical outperformance of equal-weighted S&P 500 indexes and why start dates matter. (0:09:00) Equal weight vs. cap weight performance over the last decade: meaningful recent underperformance. (0:10:21) Market concentration concerns and why equal weighting appears attractive during periods of high valuations. (0:12:00) Why market-cap-weighted indexes do not mechanically buy more overvalued stocks as prices rise. (0:16:14) Trading costs explained: explicit vs. implicit costs and why turnover matters more than TER. (0:19:16) Capital gains, tax efficiency, and reporting differences between Canadian and U.S. funds. (0:21:07) Market concentration historically shows little relationship with future returns. (0:24:58) Volatility comparison: equal-weighted indexes are meaningfully more volatile due to small-cap exposure. (0:25:12) Equal weighting increases exposure to small-cap, value, and high-volatility stocks. (0:28:58) Sector distortions created by equal weighting and why this represents uncompensated risk. (0:31:21) Unintended consequences: sector bets, security-level overweights, and forced rebalancing. (0:32:30) Turnover is roughly 10× higher in equal-weighted funds than cap-weighted equivalents. (0:33:15) Equal weighting behaves as a systematic anti-momentum strategy. (0:34:02) Multi-factor regression results: positive size and value exposure, negative momentum loading. (0:36:33) Rebalancing frequency trade-offs and how quarterly rebalancing amplifies momentum drag. (0:42:21) Comparison with alternative approaches that target similar factor exposures more efficiently. (0:44:47) Why backtests are seductive—and why live fund results matter more. (0:47:40) Investor behavior, uncertainty, and the constant search for strategies that "fix" the market. (0:48:41) Factor investing in disguise: most deviations from cap-weighting are just factor tilts. (0:53:06) Equal weighting as an acceptable strategy—if investors understand and accept the trade-offs. (0:57:18) Listener feedback, enthusiasm jokes, and discussion about Spotify video uploads and audio speed. Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on YouTube — https://www.youtube.com/channel/ Benjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Dan Bortolotti — https://pwlcapital.com/our-team/ Dan Bortolotti on LinkedIn — https://ca.linkedin.com/in/dan-bortolotti-8a482310 Ben Wilson on LinkedIn — https://www.linkedin.com/in/ben-wilson/ Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)

There is one question underneath almost every message we receive.Is this safe?Is it safe for my child? Is it safe during pregnancy? Is it safe while breastfeeding? Is it safe if I am sick? Is it safe after chemo? Is it safe to keep taking the supplements when my child has an ear infection?My friends, we are asking the wrong question.In this episode, we are going to dive deep into the safety of rebalancing, and just as importantly, the flip side of that conversation, which is what actually happens when we leave bad bacteria, yeast, mold, fungus, parasites, heavy metals, and toxins in the body.Most people who find their way here have tried just about everything. You have likely tried every elimination diet, tried so many different supplements, you've spent hours and hours at appointments with different practitioners hoping someone would finally connect the dots, you've been told to wait it out, you've been told it's normal, you've been told that your child will outgrow it or that your symptom will just go away with time, and you've probably been given medications that suppress your or your child's symptoms but don't actually address the root issue. So of course you're skeptical, because when you've tried so many things and nothing has truly worked, it's easy to start losing hope.I know because I was you. I was in your exact place when I was trying so desperately to heal my son. I remember thinking, if it's really as simple as his gut needing to be rebalanced, why didn't one of the seventeen doctors I took him to tell me about this sooner? And underneath that question was a lot of fear.Rebalancing is not about doing something extreme. It is about giving the body the opportunity to finally reset, regulate, and heal instead of continuing to survive around a problem that will not resolve on its own.Healing is not the risk.Ignoring what the body has been asking for is.Thanks for listening! I would love to connect with you ♡ Subscribe to the Nourished Newsletter Explore the Gut Rebalance Kits Visit our FAQ's Follow along on a Instagram Take the free Gut Health Quiz Email us at customercare@onleorganics.com Sending love and wellness from my family yours,xx - Juniper BennettFounder of ōNLē ORGANICS

Everyone watched Trump at Davos and thought they were seeing American power. We think they were seeing something else: a flashing warning light. The core idea of this podcast is simple: diversification is the oldest rule in investing, and the world has ignored it. We've funnelled a staggering share of global capital into the United States, treating U.S. markets and Treasuries like the default “safe” option. But now, with Trump openly threatening tariffs on anyone who dares to sell U.S. assets, the message is out in the open: America knows capital flight is the real threat. We start with an origin story, Henry Lowenfeld, the overlooked pioneer of diversification, and use it to decode what's happening now: a long-overdue global rebalancing. Then we're joined by financial strategist Sony Kapoor, who makes the case that U.S. assets are increasingly being priced not as a safe haven, but as a political risk, and that a weaker dollar, new hedging demand, and a search for opportunity outside America could reshape markets for a generation. Hosted on Acast. See acast.com/privacy for more information.

U.S. dollar, another U.S. government shutdown could be about to pile on even more pressure as gold tops $5,000 per ounce and silver breaks $100—leaving some asking, “Where is bitcoin?”~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaulGuest: Guest: Rebecca Walser, Principal at Walser Wealth ManagementWebsite➜  https://walserwealth.com/00:00 Intro00:10 Sponsor: iTrust Capital01:00 Macro Events01:50 CNBC: Fed expectations and how cuts this year?07:10 Rick Rieder on rumors and rate cuts11:40 Scott Bessent as Fed12:30 Fed independence DEAD?13:15 Fed is prepping on purchasing the Yen?16:30 Tokenized gold vs Bitcoin adoption19:00 Ursula von der Layen: The mother of all deals22:00 Tariff revenue vs economic losses25:00 Rebalancing rally for crypto soon?28:25 Crypto vs Shutdown30:20 Outro#Crypto #Bitcoin #XRP~Dollar Collapse vs Macro Economy

In this conversation, Liz Ann Sonders and Kathy Jones discuss the current state of the markets, focusing on the implications of tariffs, global economic influences, and the dynamics of the bond market. They explore evergreen strategies for navigating market volatility, emphasizing the importance of disciplined investment approaches. The discussion also touches on inflation expectations, the Federal Reserve's policies, and insights into the potential risks and opportunities for investors.You can read Kathy and Collin's article about the fixed income markets here: "The Bond Market in 2026: What Could Go Wrong?"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 DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The 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.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.All names and market data shown above 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.Currency trading is speculative, very volatile and not suitable for all investors.The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.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.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(0126-1900) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Get your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth For decades, the 4% rule has been used as a simple guideline for retirement spending—but it was never meant to be a guarantee. In this episode, Tyler Emrick, CFA®, CFP®, will revisit the research behind the 4% rule and explore new findings from its creator, Bill Bengen, suggesting that retirees may be able to spend more under updated assumptions. We explain why sequence-of-returns risk matters more than average returns, how thinking in terms of portfolio “runway” can help manage downturns, and why dynamic withdrawal strategies often lead to better long-term outcomes. If you're wondering how much you can realistically spend in retirement, this episode will help you think about it the right way. Here's some of what we discuss in this episode:

David Bach joins Steve Chen to discuss the evolution of The Automatic Millionaire and his newest idea, the IRA Flat Tax, which aims to rethink how Americans use their retirement savings. Bach explains that decades of automation have helped millions accumulate wealth, but most retirees now delay spending their money until required minimum distributions, leaving trillions of dollars idle. He proposes a limited window allowing early retirement withdrawals at a flat tax rate to encourage spending, improve retiree quality of life, and stimulate the economy. The conversation also explores the difficulty of shifting from saving to spending, the importance of enjoying wealth while health allows, and how AI is reshaping financial planning without replacing the need for human guidance, reinforcing Bach's long-held belief that money is ultimately a tool to support a better life.

Join Peter Tuckman, the Einstein of Wall Street, as he breaks down the latest market activities and trends from the New York Stock Exchange. In this episode of Trade Like Einstein, Peter discusses the current state of portfolio rebalancing, market performance, and the impact of key factors such as upcoming earnings, Federal Reserve decisions, and geopolitical events. Stay informed with daily, weekly, and monthly updates from the Einstein of Wall Street and the Money News Network. Don't miss out on expert insights and in-depth analysis! 00:00 Introduction and Welcome 00:54 Market Overview and Portfolio Rebalancing 01:43 Current Market Factors and Predictions 02:52 Conclusion and Sign Off All investing involves the risk of loss, including loss of principal. This podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Always do your own research and consult a licensed financial advisor before making any financial decisions or investments.

Today we get into understanding fatigue and what it means. Is it in your head or your body? Lungs or legs? It all matters and it's important for you to be able to recognize and adjust so that you can get the most out of your sessions or simply get off the couch. We look at different signs in swimming, cycling, and running that show fatigue and sort of look at the "seriousness" of each and how to roll right through it. Topics: Triathlete Tattoos Gross pics sent to coaches Reading books or faking it? Post-holiday fatigue Longer Zone 2 rides and runs Why do you feel better deeper into the workout? Swimming to test fatigue safely Too much focus on "times" Stress is stress Adapting to the sessions What is weighing you down? Run Camp as a science "lab" Don't let the numbers affect your day Red Zone of fatigue Feeling "off" Why to be a fan of HR Bike approaches to working through fatigue High power/Low HR means system is firing Does it feel like a fight? Is it your legs or lungs? Stacking days and getting the right stimulus Can't put a finger on it Rebalancing "the off" feeling How do you feel meeting the intent of the session Restaurant picking strategy for your family mike@c26triathlon.com robbie@c26triathlon.com

In this eye-opening episode of The Health and Wellness Coach Journal Podcast, Dr. Jessica Singh speaks with Dr. William Davis, a cardiologist and New York Times bestselling author of Wheat Belly, Wheat Belly Cookbook, Wheat Belly 30-Minutes (or Less!) Cookbook, and Wheat Belly Total Health, as well as Wheat Belly 10-Day Grain Detox, Undoctored, and Super Gut. His newest book, Super Body: A 3-Week Program to Harness the New Science of Body Composition and Restore Your Youthful Contours, explores emerging science on body composition, the microbiome, and long-term metabolic health. Dr. Davis shares how his work as a cardiologist—and a personal turning point—led him to reexamine conventional approaches to heart disease risk. He discusses why wheat and sugar contribute to metabolic changes that negatively affect whole-body health. The discussion moves beyond diet to explore why removing harmful foods may only be the beginning. Dr. Davis explains how antibiotics, numerous medications, modern food, environmental exposures, chronic stress, and disrupted sleep deplete protective microbes, impacting various aspects of health. This episode also explores microbiome implications for women's and maternal health, infant development, SIBO, and the relationship between stress, sleep, circadian rhythm, and the gut–brain axis. Dr. Davis offers practical guidance for coaches and healthcare providers seeking credible, evidence-informed microbiome resources. Together, Dr. Singh and Dr. Davis discuss the education gap in medicine—particularly around nutrition and the microbiome—and why clinicians often need to expand beyond traditional training to support prevention and long-term healing. This conversation is a call to rethink prevention and recognize that rebuilding the microbiome is a powerful way to reclaim agency and improve health. For detailed show notes, resources, and information to connect with Dr. Davis, visit: https://www.centerforhealthandwellnesscoaches.com/blog/A-Hidden-Cause-Behind-Chronic-Disease-Dr-William-Davis-on-Microbiome-Disruption-&-Rebuilding-Gut-Health To be notified of new episodes, subscribe here: https://www.centerforhealthandwellnesscoaches.com/stay-connected Timestamps 0:00 - Introduction 1:29 - Challenging the Health Narrative: Insights on Wheat and Heart Disease from Dr. William Davis 10:49 - Why Diet Alone Isn't Enough: Microbiome Health and Restoring Key Microbes from Dr. William Davis 17:21 - Super Gut Takeaways: Insights on Lost Microbes and Their Role in Health and Disease by Dr. William Davis 19:48 - The Critical Education Gap in Medicine: Nutrition and the Microbiome—Why Clinicians Must Learn What Training Missed from Dr. William Davis 27:27 - Insights on the Microbiome in Maternal and Women's Health from Dr. William Davis 32:41 - SIBO Is More Common Than You Think: Insights on Hidden Microbial Overgrowth, Health Effects, and Rebalancing the Microbiome from Dr. William Davis 43:09 - The Impact of Stress and Sleep on the Gut: Insights on Circadian Rhythm and Microbiome Health from Dr. William Davis 47:37 - Finding Credible Microbiome Resources: Guidance for Coaches and Healthcare Providers from Dr. William Davis 51:12 - Takeaways

The Money Wise guys are back inside the studio, and the episode this week opens with a strong start to 2026, as markets posted their first full trading week gains and both the Dow and S&P 500 closed at new all-time highs. The Dow surged more than 1,100 points on the week, while the S&P 500 and NASDAQ followed with solid advances, reflecting renewed momentum after year-end profit-taking and tax-loss selling faded. The guys explain how early-January rebalancing activity, by both institutional investors and individual portfolios, often creates a powerful tailwind as capital gets redeployed with a fresh calendar year. The conversation then shifts to what's driving that momentum beneath the surface. Annual portfolio rebalancing takes center stage, with a discussion on why long-term data consistently shows annual rebalancing outperforms more frequent adjustments over full market cycles. The team also shares insight into how Davidson Capital Management implemented its own significant rebalance, expanding diversification and restructuring portfolios to reflect current market conditions, underscoring why discipline and structure matter during strong market starts. Later in the show, the focus broadens to alternative investments, particularly energy-related strategies. The guys caution listeners that “alternatives” can mean very different things depending on structure and risk, emphasizing the importance of education before allocating capital. They also touch on recent geopolitical developments and why, despite dramatic headlines, markets often react far less than expected, reinforcing the episode's recurring theme: markets tend to reward fundamentals, diversification, and long-term thinking over emotional reactions. Why Rebalancing Matters Rebalancing matters because it helps keep a portfolio aligned with its intended risk level and long-term strategy as markets move. Over time, strong-performing assets can grow to represent a larger share of a portfolio than originally planned, increasing exposure and risk without investors realizing it. Rebalancing trims areas that have run ahead and reallocates toward underweighted positions, bringing discipline to the investment process. Rather than reacting emotionally to headlines or short-term market swings, it encourages a systematic approach that can support more consistent outcomes over full market cycles. In the second hour, the Money Wise guys discuss Equity Index Annuities. You don't want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

Will Silver Rally Get Derailed By Index Rebalancing? Zero Hedge has been reporting that an index rebalancing is set to put pressure on the gold and silver markets, and potentially kill the rally. But is it something to actually be worried about? Vince Lanci explains what to expect in this morning's show, and to find out more, click to watch the video now! - To get access to Vince's research in 'Goldfix Premium' go to: https://vblgoldfix.substack.com/ - Get access to Arcadia's Daily Gold and Silver updates here: https://goldandsilverdaily.substack.com/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your copy of 'The Big Silver Short' (paperback or audio) go to: https://arcadiaeconomics.com/thebigsilvershort/ - #silver #silverprice #gold And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

Today I'm thrilled to host someone I've learned so much from over the years - Mike Heroux, passionate dividend growth investor. Mike has been educating Canadian retail investors for many years & is founder of Dividend Stocks Rock.Regardless of your investing level, this episode has something for everyone.Discussion points:Introduction (01:53)How Mike got started with dividend growth investing (3:37)The dividend triangle (7:58)How many sectors, how many stocks? (12:14)Finding time to invest (16:48)What about XEQT and chill? (19:32)Managing FOMO as a dividend growth investor (23:13)The retirement loop (25:46)How to avoid yield traps (29:36)Payout ratios (35:41)Covered call ETFs (38:40)Any other trends among Mike's best performing stocks? (45:23)Valuation (48:24)Rebalancing the portfolio (55:49)Re-investing dividends (58:54)Mike's best and worst investments (59:55)Interesting dividend growth ideas related to AI (1:06:55)Where to follow Mike, Dividend Stocks Rock (1:10:49)Mike Heroux:https://www.dividendstocksrock.com/https://thedividendguyblog.com/podcast/https://www.youtube.com/@DividendGuybeyond MD links:website: https://www.beyondmd.ca/newsletter: https://www.beyondmd.ca/newsletterLinkedIn: https://www.linkedin.com/in/yatin-chadha/Radiology Courses for Clinicians:https://beyondradiology.thinkific.com/courses/ct-head-interpretation-coursehttps://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course

Today, we note the strong risk-on vibe continues, though more in the broader market rather than in the megacaps. We also highlight that major commodity indices are in for an annual rebalancing in coming days, with interesting implications for gold, silver and even cocoa. There's also lots of Nvidia news shaking the autonomous driving space, very little going on in the FX space, though Aussie is doing its best to make noise and key US data incoming. This and more (including geopolitics and oil) on today's pod, which features Saxo Head of Commodity Strategy Ole Hansen and is hosted by Saxo Global Head of Macro Strategy John J. Hardy. For our longer form podcasts, you will also find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack. Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro and outro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.

On Jesse's 12th "Ask Me Anything" episode, he opens the year by tackling the questions that tend to surface when calendars turn and retirement feels closer than ever. He begins with a thoughtful exploration of whether "this is the year to retire," unpacking how sequence-of-returns risk, market valuations, spending accuracy, and portfolio construction matter far more than trying to guess the next market move, and why building flexibility—not perfect timing—is the real defense against early-retirement risk. From there, Jesse shifts to a practical and surprisingly nuanced discussion on getting kids and grandkids started in investing, weighing Roth IRAs, custodial accounts, and taxable strategies while emphasizing the twin lessons of earned money and compounding—and how to balance long-term discipline with making investing engaging and educational. He then addresses how portfolios should evolve as investors age and as assets grow, explaining why the glide path toward retirement is as much about risk capacity, risk need, and behavioral fit as it is about age, and why excess capital fundamentally changes how—and why—you take risk. He closes with a comprehensive walk through the key ages and milestones that shape a financial plan, from early adulthood to Social Security, Medicare, and required minimum distributions, giving listeners a clear mental map of when critical doors open and close. Throughout, Jesse blends technical insight with behavioral clarity, helping listeners not just answer financial questions, but build a durable way of thinking about decisions that will compound for decades. Key Takeaways:• The decision to retire is less about predicting markets and more about understanding cash flow, spending flexibility, and downside protection in the early years. • Writing down the rationale behind major investment decisions helps reduce future regret and emotional reactions. • Many retirees underestimate their spending, which can create false confidence in retirement readiness. • Teaching kids about investing works best when it combines earned income, parental matching, and simple, long-term strategies. • Excess capital changes the nature of investment decisions, allowing greater freedom without jeopardizing core goals. • Knowing the key financial ages—Social Security, Medicare, Roth rules, and required minimum distributions—helps investors anticipate decisions rather than react under pressure. Links:https://bestinterest.blog/should-retirees-sell-stocks-move-to-cash/ https://bestinterest.blog/great-investors-little-secret/ https://bestinterest.blog/rmds-sequence-risk-retirement-destruction/ https://bestinterest.blog/e87/ Wade Pfau's SRR Chart: https://www.bogleheads.org/forum/viewtopic.php?t=461168 https://bestinterest.blog/when-not-to-rebalance/ Key Timestamps:(03:51) – Smart and Dumb Reasons to Move to Cash (16:46) – Sequence of Returns Risk (20:47) – Spending and Lifestyle in Early Retirement (23:30) – Getting Kids Involved in Investing (26:10) – Tax Implications and Control of UGMA Accounts (30:38) – Investment Strategies for Financial Independence (36:44) – Rebalancing in Retirement (43:57) – Important Ages and Events in Retirement Planning 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 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 https://bestinterest.blog/work/ 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.

With Tom on vacation and an eerily convincing AI stand-in holding down the mic, Don kicks off 2026 by tackling one of the most persistent listener questions: how to actually find a true fiduciary—and how to eliminate salespeople fast. Using FINRA's BrokerCheck as a simple filter, the show explains why the “B” matters, why dual-registered advisors are still a risk, and how complexity is often a red flag. From there, the conversation dives into the rise of RILAs (registered index-linked annuities), why their shiny back-tested returns don't mean much, and how simpler balanced portfolios often do better with far less risk and confusion. Along the way, the hosts cover podcast reviews, investing in bourbon barrels (don't), Roth IRAs for teenagers (do), and close with Tom's five timeless investing rules for 2026: go global, simplify, define risk, rebalance, and understand your taxes. 0:04 New year, Tom on vacation, and the rise of AI Tom 0:22 AI voices, joke quality, and job security jokes 2:20 Welcome and the show's core mission 2:46 How to actually find a real fiduciary 3:30 BrokerCheck explained and why the “B” is a deal-breaker 5:24 Firm searches and fast advisor elimination 6:38 Why dual registration still isn't fiduciary 7:22 RILAs introduced and why “index-linked” is a warning sign 9:38 Hypothetical returns and misleading back-testing 11:19 Balanced index funds vs annuity complexity 13:00 Why RILAs solve no real investor problem 14:08 How to leave podcast reviews (and where) 15:22 Apple vs Spotify reviews and ratings reality 17:34 Ratings, trolls, and thin-skinned hosts 20:07 Tom's five investing rules for 2026 20:41 Go global—actually global 21:56 Fewer accounts, less mess 22:49 Know your risk before the market teaches you 23:50 Rebalancing after strong stock years 24:38 Understanding taxes by account type 27:33 Bourbon barrel investing pitch—hard pass 29:13 Custody risk and private-investment danger 31:35 No sales guests, ever 33:54 Roth IRAs for working teens 34:35 RetireMeet 2026 announcement Learn more about your ad choices. Visit megaphone.fm/adchoices

What if the market feels calm now—but your portfolio is quietly exposed to far more risk than you realize? Brandon Bowen digs into why news headlines, index returns, and “set‑it‑and‑forget‑it” diversification can create blind spots for pre‑retirees. He breaks down how overconcentration, hidden overlap, and outdated mutual funds can magnify losses when volatility returns, and why understanding your true risk level matters as retirement approaches. This episode offers a clear look at the questions every investor should ask before the next market shake‑up. Like what you hear? Get a second opinion today: bowenwealth.com Follow us on social media: YouTube | Facebook | LinkedInSee omnystudio.com/listener for privacy information.

2025 was the year of, "Buy more, go faster, and worry about the fallout later." We put the innovation agenda on the company credit card. But as we enter 2026, the music has stopped, the lights have come on, and the tab is coming due.This week, I'm declassifying what I call the "AI Hangover." Many headlines continue screaming about the next model release and fueling the FOMO, but if you're a business leader, you shouldn't be worried about GPT-6. You need to be worried about incoming fallout of bad decisions and the "Workslop" clogging your current operations.  I spent the last 12 months analyzing the crash before it happened so you don't have to. In this episode, I move past the vendor hype to focus on the three "Market Truths" that prove the party is over. We're transitioning from a year of reckless consumption to a year of necessary cleanup.The real risk isn't that you missed the AI boat; it's that you're driving a supercar on unpaved roads. I break down the three massive failures happening in the market right now:​ The "Ready, Fire, Aim" Failure: Why buying the Ferrari (Enterprise AI) before paving the roads (Data & Readiness) has left organizations with "Silos on Steroids" and pilot purgatory.  ​ The "Workslop" Crisis: Why 2025's "Slop" (Word of the Year) is becoming 2026's corporate nightmare. We discuss why measuring usage is lying to you about value, and the "Productivity Paradox" of generating code bugs faster than ever.  ​ The "Agentic Letdown": The data is in—the robots aren't coming to save us. The "autonomy gap" proves that AI agents cannot run your company, and relying on them to do so is a recipe for catastrophe.  If you're a leader wondering how to clean up the mess without stopping innovation, I share the infrastructure you need to survive.​ The Diagnostic Check: Stop prescribing medicine before checking vitals. Why you need a "Pathfinder Pulse" to map your readiness before you spend another dollar.  ​ The Quality Audit: How to use the "AI Effectiveness Rating" (AER) to distinguish between digital leverage (nutrition) and digital noise (fast food).  ​ The Human Upgrade: Why the "Agentic Future" actually requires more human strategic fluency, not less—and why the Future-Focused Academy is the bridge to safety.  By the end, I hope you'll see this "hangover" not as a failure, but as a necessary signal to stop consuming and start digesting. The party is over, but the real work is just beginning.⸻If this conversation helps you think more clearly about the future we're building, make sure to like, share, and subscribe. You can also support the show by ⁠buying me a coffee.And if your organization is wrestling with how to lead responsibly in the AI era, balancing performance, technology, and people, that's the work I do every day through my consulting and coaching. Learn more at https://christopherlind.co.⸻Chapters:00:00 – The "Morning After": Why 2026 is the Year the Bill Comes Due02:40 – The Context: Moving from "More" (2025) to "Better" (2026)04:30 – Market Truth #1: The "Ready, Fire, Aim" Failure & Shadow AI08:00 – The First Fix: The Pathfinder Pulse Diagnostic10:30 – Market Truth #2: The Rise of "Workslop" & The Productivity Paradox17:20 – The Second Fix: The AI Effectiveness Rating (AER)19:50 – Market Truth #3: The "Agentic Letdown" & The Autonomy Gap24:00 – The Talent Pivot: Why We Need System Architects, Not Just Prompters26:40 – The Third Fix: Launching Future-Focused Academy29:45 – Closing: 3 Steps to Stop the Bleeding & Get Home Safe  #AIHangover #Workslop #2026Predictions #AIStrategy #DigitalTransformation #FutureFocused #ChristopherLind #LeadershipDevelopment #AER #PathfinderPulse

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

Cancer Full Moon • January 3, 2026 This Cancer Full Moon brings a powerful culmination and emotional reckoning as the Moon in Cancer opposes the Sun in Capricorn. This lunation highlights the polarity between care and control, nourishment and authority, feeling and responsibility. The Moon is strong in her home sign and conjunct Sirius, the spiritual Sun, heightening intuition, emotional truth, and higher guidance. Within hours, the Moon joins Jupiter in Cancer, amplifying compassion, emotional wisdom, and the potential for healing. Opposite the Moon, a rare Capricorn stellium—the Sun conjunct Mars and Venus, alongside Quaoar and Pholus—marks a rebalancing of divine masculine and feminine energies and reveals tipping points where small choices carry lasting consequences. A Cardinal Grand Cross, involving Salacia in Aries and Makemake in Libra, brings urgency, initiation, and the call to act differently. Meanwhile, Uranus conjunct Algol and Sedna exposes illusion, deception, and outdated survival patterns. This Full Moon invites emotional honesty, sovereign care, and the courage to integrate power with tenderness—personally and collectively. You can find the blog post here: https://www.everythingisenergyapothecary.com/podcast/cancer-super-full-moon-emotional-truth-amp-the-rebalancing-of-power

In this last episode of 2025, Fernando, Pierce, Baafi and Josh dive into their biggest financial lessons and highlights from 2025. Tune in and learn about essential ideas that will help you have big financial wins in 2026, including: building a life around meaningful work through financial freedom, the power of delayed gratification, how to balance portfolio wins and losses, and why grit and discipline may be your most valuable long-term investments.Timestamps0:00 Intro1:13 Market Hustle 2025 wrapped2:48 Check-in with co-hosts6:20 Nobody knows anything, just invest for the long term11:01 Stay consistent with your investing values11:59 Your answer to delayed gratification needs to be “yes”16:52 Small decisions lead to big wins18:24 The heavy swings in the market in 202524:19 Investing for the long term29:26 Investing beliefs around crypto & bitcoin34:39 Self-reflection to actually enjoy the fruits of your financial labor39:25 Breaking generational money patterns47:40 Diversify the profits53:55 Rebalancing losses and diversifying55:52 Grit is essential to do well in life57:23 Knowing when enough is enough1:02:13 Being able to work on whatever you want1:04:41 Celebrate the small wins & play your own game1:12:33 Thank you message from The Market HustleWhat did you think of the episode? Let us know!Support the show

This episode originally aired as #432 on 5/22/24 and we are bringing it to you again! Parasite cleansing has become a hot topic in the natural health world, but it can feel a little overwhelming. Are you confused about where to start or how to do a cleanse yourself? On this episode of Vitality Radio, Jared demystifies the process by sharing his experience along with his wife's, and a thorough breakdown of the entire process, the products, and what to expect. You'll learn a couple of ways to approach parasite cleansing and which one might be right for you or your family, including kids.  If you never thought about parasites being a problem in America, think again! For a deeper understanding of why parasites are indeed a bigger problem than is understood by most, be sure to listen to Jared's interviews with Dr. Todd Watts and Dr. Jay Davidson - the founders of CellCore.Products:CellCore Para KitVitality Nutrition Parasite CleanseVital 5 Precision Probiotic Vital SporesMagnesium BisglycinateCellCore Bowel MoverLife Seasons Regulari-TRedmond RelyteTrace Minerals Endure Drops***Inquire for capsule-free protocol Additional Information:For information on coaching options and personalized support, please email jessica@vitalitynutrition.comVitality Wellness Community Detox & Support GroupVitality Radio Podcast Listener Community#359: Comprehensive Detoxification of Parasites, Lyme, and Other Toxins With Dr. Todd Watts of CellCore Biosciences#431: Are Parasites Part of Your Health Concerns? With Dr. Jay Davidson#385: Rebalancing and Healing the Body Through Functional Medicine Detoxification With Dr. Stephen Cabral#258: Your Magnesium User's Guide***Be sure to check out all of the Emotional Vitality Episodes, including Jen's Story mentioned in this showVisit the podcast website here: VitalityRadio.comYou can follow @vitalityradio and @vitalitynutritionbountiful on Instagram, or Vitality Radio and Vitality Nutrition on Facebook. Join us also in the Vitality Radio Podcast Listener Community on Facebook. Shop the products that Jared mentions at vitalitynutrition.com. Let us know your thoughts about this episode using the hashtag #vitalityradio and please rate and review us on Apple Podcasts. Thank you!Please also join us on the Dearly Discarded Podcast with Jared St. Clair.Just a reminder that this podcast is for educational purposes only. The FDA has not evaluated the podcast. The information is not intended to diagnose, treat, cure, or prevent any disease. The advice given is not intended to replace the advice of your medical professional.

Our Chief Cross-Asset Strategist Serena Tang discusses how current market conditions are challenging traditional investment strategies and what that means for asset allocation.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Serena Tang, Morgan Stanley's Chief Cross-Asset Strategist.Today – does the 60/40 portfolio still make sense, and what can investors expect from long-term market returns?It's Monday, December 22nd at 10am in New York.Global equities have rallied by more than 35 percent from lows made in April. And U.S. high grade fixed income has seen the last 12 months' returns reach 5 percent, above the averages over the last 10 years. This raises important questions about future returns and how investors might want to adapt their portfolios.Now, our work shows that long-run expected returns for equities are lower than in previous decades, while fixed income – think government bonds and corporate bonds – still offers relatively elevated returns, thanks to higher yields.Let's put some numbers to it. Over the next decade, we project global equities to deliver an annualized return of nearly 7 percent, with the S&P 500 just behind at 6.8 percent. European and Japanese equities stand out, potentially returning about 8 percent. Emerging markets, however, lag at just about 4 percent. On the bond side, we think U.S. Treasuries with a 10-year maturity will return nearly 5 percent per year, German Bunds nearly 4 [percent], and Japanese government bonds nearly 2 [percent]. They may sound low, but it's all above their long-run averages.But here's where it gets interesting. The extra return you get for taking on risk – what we call the risk premium – has compressed across the board. In the U.S., the equity risk premium is just 2 percent. And for emerging markets, it's actually negative at around -1 percent. In very plain terms, investors aren't being paid as much for taking on risk as they used to be.Now, why is this the case? It's because valuations are rich, especially in the U.S. But we also need to put these valuations in context. Yes, the S&P 500's cyclically adjusted price-to-earnings ratio is near the highest level since the dotcom bubble. But the quality of the S&P 500 has improved dramatically over the past few decades. Companies are more profitable, and free cash flow -- money left after expenses -- is almost three times higher than it was in 2000. So, while valuations are rich, there's some justification for it.The lower risk premiums for stocks and credits, regardless of whether we think they are justified or not, has very interesting read across for investors' multi-asset portfolios. The efficient frontier – meaning the best possible return for any given level of portfolio risk – has shifted. It's now flatter and lower than in previous years. So, it means taking on more risk in a portfolio right now won't necessarily boost returns as much as before.Now, let's turn our attention to the classic 60/40 portfolio – the mix of 60 percent stocks and 40 percent bonds that's been a staple strategy for generations. After a tough 2022, this strategy has bounced back, delivering above-average returns for three years in a row. Looking ahead, though, we expect only around 6 percent annual returns for a 60/40 portfolio over the next decade versus around 9 percent average return historically. Importantly though, advances in AI could keep stocks and bonds moving more in sync than they used to be. If that happens, investors might benefit from increasing their equity allocation beyond the traditional 60/40 split.Either way, it's important to realize that the optimal mix of stocks and bonds is not static and should be revisited as market dynamics evolve.In a world where risk assets feel expensive and the old rules don't quite fit, it's essential to understand how risk, return, and correlation work together. This will help you navigate the next decade. The 60/40 portfolio isn't dead – and optimal multi-asset allocation weights are evolving. And so should you.Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Jason Betz discusses the market's current state, noting that a "no news is good news" environment is driving year-end excitement. He suggests that while a "Santa Claus rally" is possible, investors should remain cautious. Betz emphasizes rebalancing portfolios, trimming high-flying stocks, and being properly allocated for 2026, which he expects to be "more boring." Betz also highlights potential in U.S. small-cap stocks and international markets, noting that a weakening U.S. Dollar could benefit foreign currency holdings for U.S. investors.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Magnus is back with a master class on how to buy art.In Episode #506 of 'Meanderings', Juan and I discuss: the big blank wall behind us, how to choose something meaningful for your home, Magnus Resch's books 'How To Become A Successful Artist' and 'How to Collect Art', why branding and networking matter in the art world, why most buyers should treat art as a sunk cost and purchase only what they truly love, practical buying tips (galleries, fairs, auctions, pricing signals), comparing art collecting with car collecting, digital art and NFTs as a way to prove ownership and enable utility and reflect on building personal connection to pieces and artists. No support for this week, so the Chux Cloth beanie stays off.Stan Link: https://stan.store/meremortalsTimeline: (00:00:00) Intro(00:01:03) Two books by Magnus Resch(00:06:08) Defining success and the pyramid of artist types(00:11:06) Practicalities for artists: branding, pricing and Instagram(00:13:01) How to Collect Art – structure of the market and roles(00:18:18) What is a fair price? Treat purchases as sunk costs(00:23:53) Buy what you love: quotes and guiding principles(00:26:18) Access, opacity and why networking is crucial(00:34:46) Car collecting vs art collecting: rarity and value(00:41:11) Tactics: auctions, fairs, timing and discounts(00:41:53) Boostragram lounge and value‑for‑value break(00:43:12) Personal shifts: curating with sentiment and story(00:52:49) NFTs 101: ownership, authenticity and utility(00:58:02) Rebalancing a digital collection: fewer, loved pieces(01:01:30) Wrap‑up lessons and next week's AI intent teaser Connect with Mere Mortals:Website: https://www.meremortalspodcasts.com/Discord: https://discord.gg/jjfq9eGReUTwitter/X: https://twitter.com/meremortalspodsInstagram: https://www.instagram.com/meremortalspodcasts/TikTok: https://www.tiktok.com/@meremortalspodcastsValue 4 Value Support:Boostagram: https://www.meremortalspodcasts.com/supportPaypal: https://www.paypal.com/paypalme/meremortalspodcast

It's the most wonderful time of the year, when asset managers release their prognostications for the next 12 months, and investors hope that a Santa rally delivers a late-December boost to their portfolios. In our last episode of 2025, Brian Levitt explains why he wanted to name Invesco's 2026 outlook “K-Pop,” but decided on “Resilience and Rebalancing” instead. (Invesco Distributors, Inc.)

In this episode of Excess Returns, we sit down with David Wright, Head of Quantitative Investing at Pictet Asset Management, for a deep and practical conversation about how artificial intelligence and machine learning are actually being used in real-world investment strategies. Rather than focusing on hype or black-box promises, David walks through how systematic investors combine human judgment, economic intuition, and machine learning models to forecast stock returns, construct portfolios, and manage risk. The discussion covers what AI can and cannot do in investing today, how machine learning differs from traditional factor models and large language models like ChatGPT, and why interpretability and robustness still matter. This episode is a must-watch for investors interested in quantitative investing, AI-driven ETFs, and the future of systematic portfolio construction.Main topics covered:What artificial intelligence and machine learning really mean in an investing contextHow machine learning models are trained to forecast relative stock returnsThe role of features, signals, and decision trees in quantitative investingKey differences between machine learning models and large language models like ChatGPTWhy interpretability and stability matter more than hype in AI investingHow human judgment and machine learning complement each other in portfolio managementData selection, feature engineering, and the trade-offs between traditional and alternative dataOverfitting, data mining concerns, and how professional investors build guardrailsTime horizons, rebalancing frequency, and transaction cost considerationsHow AI-driven strategies are implemented in diversified portfolios and ETFsThe future of AI in investing and what it means for investorsTimestamps:00:00 Introduction and overview of AI and machine learning in investing03:00 Defining artificial intelligence vs machine learning in finance05:00 How machine learning models are trained using financial data07:00 Machine learning vs ChatGPT and large language models for stock selection09:45 Decision trees and how machine learning makes forecasts12:00 Choosing data inputs: traditional data vs alternative data14:40 The role of economic intuition and explainability in quant models18:00 Time horizons and why machine learning works better at shorter horizons22:00 Can machine learning improve traditional factor investing24:00 Data mining, overfitting, and model robustness26:00 What humans do better than AI and where machines excel30:00 Feature importance, conditioning effects, and model structure32:00 Model retraining, stability, and long-term persistence36:00 The future of automation and human oversight in investing40:00 Why ChatGPT-style models struggle with portfolio construction45:00 Portfolio construction, diversification, and ETF implementation51:00 Rebalancing, transaction costs, and practical execution56:00 Surprising insights from machine learning models59:00 Closing lessons on investing and avoiding overtrading

Today, we note the extension of the recent boom in the broader market and small caps relative to tech, as the relative rotation away from AI continues and Broadcom is the latest AI/tech megacap to be punished despite reporting strong results for last quarter after the close yesterday. We also profile an intriguing and wildly successful name for the last thirty years that reports next week, assessing Micron and its massive advance. Lots more on today's pod as well, especially on macro and FX and ongoing concern about the US treasury market and its potential to drive market volatility. Today's pod features Saxo Equity Strategist Ruben Dalfovo and is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro and outro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.

Today's episode tackles a wide mix of practical questions. We explore the pros and cons of unions for doctors, how to protect yourself from ACATS fraud, and what you need to know about vesting rules. We also dig into an asset allocation question, upcoming changes to HSA plans in 2026, and whether it makes sense to exchange a mutual fund for its ETF counterpart. It's a packed episode with insights you can put to use right away. Today's episode is brought to us by SoFi, the folks who help you get your money right. Paying off student debt quickly and getting your finances back on track isn't easy, but that's where SoFi can help — they have exclusive, low rates designed to help medical residents refinance student loans—and that could end up saving you thousands of dollars, helping you get out of student debt sooner. SoFi also offers the ability to lower your payments to just $100 a month* while you're still in residency. And if you're already out of residency, SoFi's got you covered there too. For more information, go to https://www.whitecoatinvestor.com/Sofi SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. Additional terms and conditions apply. NMLS 696891. The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you! Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com  Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube  Student Loan Advice for all your student loan needs: https://studentloanadvice.com  Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor  Join the community on Twitter: https://twitter.com/WCInvestor  Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor  Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor  Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com  Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter  00:00 WCI Podcast #449 01:19 Unions in Healthcare 05:43 ACATS Fraud: What You Need to Know 16:43 Vesting in Employer's Retirement Accounts 19:42 Rebalancing vs. Paying Capital Gains 27:33 HSA Eligible Healthcare Plans 34:34 Swapping Mutual Funds for ETFs

In this episode, Don and Tom saddle up for a tour through Schwab's “Good, Bad, and Ugly.” They applaud CEO Rick Wurster's warning about the growing overlap between gambling and investing, take a hard look at Schwab's retail-side conflicts and non-fiduciary sales practices, and then recoil at the truly ugly: Schwab's acquisition of Forge Global and its push to open private-company speculation to everyday investors. From there, they field listener questions about crypto's pointless search for a purpose, how to implement a disciplined 5 percent retirement withdrawal strategy, the ins and outs of tax-free Vanguard mutual-fund-to-ETF conversions, and whether a younger spouse should convert a large TSP balance to Roth. It's classic Talking Real Money: skeptical, practical, consumer-first, and mildly exhausted by the Wild West of modern finance. 0:04 Investing as the Wild West and why caveat emptor still defines the industry 0:24 Schwab's role as custodian vs. broker and how they reshaped trading costs 1:14 Schwab's discount-broker origins and institutional dominance 2:37 Free trades, market influence, and why Schwab became the industry's leader 3:52 CEO Rick Wurster's warning about gambling creeping into investing 4:43 Sports betting numbers, prop bets, and why only 5 percent come out ahead 5:54 The “bad”: Schwab retail selling and the fiduciary confusion 6:40 The “ugly”: Schwab buying Forge Global and pushing private-company speculation 7:23 Why private equity is riskier, pricier, illiquid, and over-hyped 8:17 The myth of private companies outperforming public ones 9:22 Why the Wild West persists: weak oversight, self-dealing, and revolving doors 10:48 Listener question: stablecoins, crypto legitimation, and the greater-fool problem 13:00 Currency concerns and why crypto still solves nothing 13:50 5 percent withdrawal strategy: when and how to draw from your portfolio 15:28 Rebalancing, total return withdrawals, and annual cash-flow discipline 16:47 Why withdrawals should follow rebalancing, not lead it 17:56 Vanguard mutual-fund-to-ETF conversions: how they work and why they're useful 20:10 Expense-ratio savings vs. capital-gains distributions 20:55 TSP-to-Roth conversion question: tax-rate timing matters 22:44 Only convert if you can pay taxes from outside savings 23:08 Reminder: free adviser meetings, no sales pressure 24:10 TRM's longevity and approaching episode 2,000 Learn more about your ad choices. Visit megaphone.fm/adchoices