Podcasts about rowe price

In 2005, Sebastien Page nearly died from a mysterious bacterial infection that doctors couldn't diagnose for a week. A single observant physician noticed cuts on his toes from running in wet terrain and connected the dots. The experience forced Page to confront mortality — and completely changed how he thinks about goals. Page, the chief investment officer at T. Rowe Price and author of The Psychology of Leadership, joins us to share why traditional goal-setting might be sabotaging your happiness. He explains how 80 percent of millennials say they just want to get rich, and 50 percent want to become famous. But research from Harvard's 80-year longitudinal study reveals something surprising: people who climbed the social ladder weren't meaningfully happier than those who struggled financially. The real predictor of long-term happiness? The quality of your relationships with others. We explore the dark side of goals through a concept called "goal-induced blindness." Page uses Mount Everest as an example — climbers have a 4 percent chance of dying, the same odds as eating four poisoned gummies out of 100. Yet people still attempt the summit because they become blinded by the goal itself. Page shares his own experience with goal-induced blindness during his demanding career in money management. The relentless travel and pressure contributed to his near-fatal infection in 2005. He learned that working less actually made him more productive. We dive into Page's framework called the "three Cs": core beliefs, curves, and control theory. Core beliefs are the filters through which you interpret the world — like whether you trust people or believe money should be spent versus saved. Curves refer to stress management, based on research showing optimal performance doesn't happen at zero stress. Control theory teaches you when to exercise "strategic patience" versus making quick decisions. Page also introduces the PERMA framework from positive psychology: positive emotions, engagement, relationships, meaning, and accomplishment. He calls the last four "proteins for your soul," while positive emotions are more like a sugar high. The discussion covers practical applications for everything from hiring decisions to relationship choices, using mathematical concepts like net present value to make better life decisions. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Are you saving so much for retirement that it's squeezing your life today? In this episode, we're answering a smart viewer question about finding the right balance between preparing for the future and living fully in the present.   Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381   ----more---- Transcript:    Marc: Are you saving so much for retirement that it's squeezing the life today out of you? And in this episode, we're going to answer an interesting question from a listener about the right balance between future savings and living in the moment. Am I saving too much for retirement? Let's find out this week here on Plan With The Tax Man.   Hey, everybody. Welcome into the podcast. Thanks for hanging out with Tony and myself as we talk, investing, finance and retirement. Of course, Tony is a CPA, CFP, and an EA of 30 plus years and the big kahuna over there at Tax Doctor Inc. And if you guys got questions and need some help, reach out to him at yourplanningpros.com before you take any action from something, from our podcast or any others, you always want to check with a qualified professional with the experience to help you get to and through retirement. And that is Tony. So yourplanningpros.com or 844-707-7381. Tony, my friend, is there such a thing as saving too much for retirement? And let's talk about it. How you doing?   Tony Mauro: I'm doing good. It's post tax season and I figured this would be a good topic because we don't hear this that much, but it is possible to be doing too much of this.   Marc: Okay.   Tony Mauro: And normally we're always talking about saving more, saving more.   Marc: Right. Yeah, yeah. That's why I thought it was kind of an interesting question. So here's the question from the listener. He says, "My wife and I bring in about $200,000 a year." Very nice. I'm assuming obviously that's combined, wife and I.   Tony Mauro: Yeah.   Marc: And he says, "We max out our two 401Ks and HSA, a 457B and still put some into brokerage accounts." Very cool. Right? He's doing a very good job.   Tony Mauro: That's good.   Marc: Yeah.   Tony Mauro: Yeah.   Marc: He said, "Yet I still feel like, honestly, sometimes we live paycheck to paycheck." Very interesting. "We also are not living in our dream home, just FYI, because I've prioritized retirement savings versus a bigger chunk down for a down payment or a mortgage or whatever. So my question is are we saving too much for retirement? I feel like it would be nice to live a little bit more in the moment." So that's the question, Tony. So, I mean, the first thing that jumps out to me is does this gentleman have a plan because... or is because we've been kind of beat up in the head to say save, save, save, like you just said a minute ago... Has he been doing all that without really truly knowing what his numbers look like?   Tony Mauro: Exactly. And that's what comes to my mind, is if you're asking this question, obviously you must not have a plan other than-   Marc: Save.   Tony Mauro: ... the only plan is I'm just saving, saving, saving.   Marc: Right, right.   Tony Mauro: And I think if we zoom out a little bit, the thing is, well, there's not a whole lot of risk for over-saving, but there can be some because you're feeling like you're feeling.   Marc: Yeah.   Tony Mauro: In other words, you feel like you're not living enough, you're making maybe too many sacrifices. And so it's not maybe a financial risk, but it's an emotional one for sure.   Marc: Right. Okay. Yeah, yeah. That makes sense. Well, we've got this... and let me know what you think about this. So I guess the question for the listener would be how can you tell, right? Without coming in, sitting down with a qualified professional, obviously running the numbers. That's certainly going to be the easiest way to do it.   Tony Mauro: Right.   Marc: But how can you tell if you're ahead of schedule financially? What do you think about those online benchmarks and online things that you can use? Like we've got one from T. Rowe Price here. We'll throw a link into the show notes description this week if people want to go check that out for themselves. Just click on the link. But it gives you that... How much do you have from your salary going here and there and that kind of stuff. Do those things, are they helpful?   Tony Mauro: I think they're helpful. I mean, if somebody's just asking me off the cuff, I point them to those types of things just as a benchmark.   Marc: Okay.   Tony Mauro: I always tell them, keep in mind benchmark means benchmark and if you really want to narrow it down for you specifically, that's when I think you need a full-fledged plan because I think that's what's really going to help you the most, but at least it can get you started.   Marc: Yeah, I mean, it's like the back of the napkin math when you're doing how much withdrawal rate and that kind of thing. It gets you kind of a launching pad. And, Tony, you and I are about the same age. We heard growing up we needed to put 10% away in order to be ready for retirement. Generations now. I mean, my daughter, she's 28, so she's being told 15% and even any kids that are like 20 now are being told maybe 20%. Right?   Tony Mauro: Right. Yeah.   Marc: So how do you kind of balance that paycheck to paycheck feeling in life? I mean, it's tough.   Tony Mauro: It is tough. And that's why having a moving and active, live, plan is going to help you the most because everybody's going to be different. I think that depending on what you want, long term, is going to determine that percentage.   Marc: Right.   Tony Mauro: And I think just throw a blanket out there, it's probably a little too presumptuous there. But I think with the younger people, 20% seems awfully strong to me.   Marc: Well, it seems tough to do, right?   Tony Mauro: Yeah. And very tough to do for the young people if we told them that, they'd really have to... I mean they would definitely be feeling like this if they were trying to save 25%, something like that.   Marc: Right. Yeah. And live. Right? Of course.   Tony Mauro: And live, yeah.   Marc: Yeah. Well, all right, so for the listener here... So he's got a lot coming in, he's putting a bunch into different accounts. Right? If you're saving too aggressively, right? I mean, given into the fact that we take a plan... Let's say this person came in, you ran the numbers for them, okay? And we'll try to put some context to this. And you could certainly see that they were on target to be just fine based on the numbers he's already put away. How would you then counsel things. All right, let's kind of back this down? Or do we want to start looking at tax efficiency because we've saved so much or where would we go?   Tony Mauro: Well, where we would start would be what their end game is and what the number looks like for them. And then start working backwards and use the planning software to basically show them, okay, well you're already going to hit what you just told me and then some.   Marc: Right.   Tony Mauro: So if that's still going to be your mark, let's start talking about some of your other goals that you feel like you've missed and let's prioritize those and let's start backing off the savings a little bit and put some towards those.   Marc: When you say number, Tony, do you mean income? Do you mean what their assets would generate monthly for an income?   Tony Mauro: That's what I mean there, yeah.   Marc: Okay. Yeah.   Tony Mauro: I mean, we'll start with what do you want monthly when you retire and then based on what you have in your nest egg now and forecast out what it's going to grow to...   Marc: It could generate that, right, okay.   Tony Mauro: It could generate that easy.   Marc: Right.   Tony Mauro: And then start going from there. And I would actually at least suggest to them if these other goals are important to you, you already know you're going to be okay when you hit the distribution stage in retirement. Let's start knocking some of these things out a little bit.   Marc: Yeah.   Tony Mauro: Because the thing I always point to... And I'm going through it right now with my sister-in-law who just retired at 65. And she's got a lot of health problems and she just had a recent bout in the hospital on dialysis, on a breathing machine.   Marc: Oh no.   Tony Mauro: Almost to a point where you don't know how long, of course, you're going to live is where I'm going with that.   Marc: Right.   Tony Mauro: And if you save it all to the end and something does happen like that, or worse, you pass away, what was it really all for? So I'm one of those guys that I like to balance, hey, you got to live a little now and take care of the future as well. But I think some people go the other way and this guy sounds like he's gone maybe too far the other way because he's asking a lot of questions   Marc: Yeah and he's obviously interested in and maybe living a little bit more. And so that's kind of where I wonder. It's like, okay, well how do we go about breaking that down? Now, granted, obviously coming in and running the numbers, but for the sake of the podcast, sharing that with other folks, how do we go about accomplishing that? So do some analysis. Right? So I guess what you say. What's your current income level and then what's your current spending level? And is that where you want to be in retirement as well? Let's say it's $10,000 a month, just for an easy number.   Tony Mauro: Yeah.   Marc: Well, does what you've generated create $10,000 worth a month in income, which you were just talking about. And then of course people... We hear that, well, you're only going to need about 80% or 85% in retirement, but if you don't want to go backwards in lifestyle and you feel like you've not been living enough anyway, then I would say you want to keep it higher, correct?   Tony Mauro: High. Yeah. I'd keep it at 100%.   Marc: Okay. Yeah.   Tony Mauro: And just keep it high and we can always adjust it downward, but I find that most of the time... And we've talked about it before, that your expenses and living don't go down quite as much as you thought when you were young and dreaming about it. When you get there, you don't want to back that off too much.   Marc: No, for sure. So determine if you're saving too aggressively, right? Look at your rates, look at some of the things that you're bringing in. Again, that monthly income. What's it generating. Then start looking at... I don't know, maybe that's where you can use some of the automation, right? If this person is still working, then maybe you can back down contributions-   Tony Mauro: Back down.   Marc: ... or does that make sense because you want a dollar cost average still too? Right? So it's an interesting math question.   Tony Mauro: It's an interesting math question. And there's also got to throw in taxes there because obviously if you back down some of this pre-tax stuff, if he's got it. His taxes are going to go up a little bit. So it's a delicate balancing act, but I think it can be done in a tax efficient manner with some help and planning.   Marc: So if you were going through and trying to help this person, they came into the office, the first thing you would do is start running the numbers, put all these things in play into your software that he's got because he's got a lot, which is very cool.   Tony Mauro: Yeah.   Marc: And then see where they're at and then what? Tax efficiency would be next, and then what's after tax efficiency? Maybe the legacy side or what?   Tony Mauro: I would say after the tax efficiency, I would ask them about the legacy side, what their plans are there and if we're still in good shape with what they want to do there. And then I would make them list their goals of some of the things they want to do between now and the time they do retire and let's start tax efficiently trying to make that happen.   Marc: Well, he mentions the dream home. He mentions the dream home. So that could be interesting too, right? So it's like is that still high on the list?   Tony Mauro: Right.   Marc: Let's say this person is in great shape, they have saved maybe over amount to what their goal, their target, was. Not that, I guess, there's such thing as being over. But they've hit their target, but they kind of want to take the dream home into account. So, again, you got to factor that in, right? Because we know that pricing is still high for homes. Interest rates are higher, what are you going to get for the old one? What's it going to cost you for the new one? And, again, this is where that whole, complete, financial analysis is really going to come into play.   Tony Mauro: It really will. I don't know anything about this couple, but I would ask them strongly, depending on what their age is, about that dream home unit. Is that really high on the list? Because that that's a large, large expenditure and maybe the home you're in is fine, especially if you own it. And maybe you want to take that money and do something else with that. But who knows. They might be dead set on something like that and then it's up to us try to help them make it work.   Marc: Right, yeah. So plugging in a lot of numbers, doing the X's and O's trying to get it all there. So I guess to kind of circle back to the whole initial thing, can you save too much for retirement? I mean, it's probably not... I feel like fundamentally you got to say no, right? Because if you save too much, all you're going to be able to do is either enjoy yourself more in retirement or leave a nicer legacy to your kids, right?   Tony Mauro: Yes. Yeah. And the true answer is no. I don't think you can ever save too much. I do think though that what we've just talked about and with him, he's feeling it... is don't neglect enjoying life a little bit along the way.   Marc: Yeah, yeah.   Tony Mauro: And that's where a plan is going to come in for sure because he's just -   Marc: It was a while back, Tony, we did a... God, it's been a while. We did a personality type podcast and we talked a little bit about, I can't remember all of them, but one of them was the miser, right?   Tony Mauro: Yeah, yeah.   Marc: Not saying that this person's a straight-up scrooge or a miser, but the person that just got into such a groove and a rhythm of saving and being so aggressive that they forgot to enjoy life. Right? And I don't know that this person's that far, but he kind of framed his question that way. How do you work with people like that? How do you help them kind of see that it's okay to spend some of that money?   Tony Mauro: I think the biggest thing for us is showing them, in real numbers, that they are going to be okay so they can wrap their head around it. Because, for many of them, depending on how they grew up and were raised, it's tough for them to change that. And it takes a little work and it takes some real discipline going the other way to spend some money. And most of my clients, it seems like, especially on the distribution stage, when they get older, they tend to automatically start wanting to not spend as much. And so if you're already there and then you go into retirement, boy, I would hope you wouldn't do that because you're even going to be worse off than you are now.   Marc: Yeah.   Tony Mauro: And, in other words, you're going to have all this money and you don't want to even go enjoy a penny of it.   Marc: Yeah.   Tony Mauro: Defeats the whole purpose of planning.   Marc: Well, I mean, this is really where the black and white helps. The old rubber meets the road kind of thing, right?   Tony Mauro: Yeah.   Marc: Because no matter what your emotional mindset is, if we see the data, then our brain sometimes goes, okay, all right, now, all right, I see this now all laid out. Tony, you could run a stress test for this individual and go, okay, based on what you've saved, based on the goals we've talked about, the things you want to accomplish, this is when you would roughly expect to run out of money, age 100 or whatever.   Tony Mauro: Yeah. Yeah.   Marc: And then that gives, I think, that peace of mind to people to go all right. All right, maybe I can loosen up the purse strings now a little bit and go enjoy myself.   Tony Mauro: Yeah. At least let them know that. And if they choose-   Marc: Not to. Right. Yeah.   Tony Mauro: ... not to, then that's their decision at the end of the day.   Marc: The good thing too is the spouse... He mentioned his spouse, obviously, you got the other person who also gets to see it and go, wait a minute now. Stop being so tight.   Tony Mauro: Yeah. Right.   Marc: I want to go have some fun too, or whatever.   Tony Mauro: Yeah. Yeah. It's fun with when you have the spouses in there because, yeah, you might have a different personality there or somebody that says, I've worked all my life and now I want to go enjoy some things before something happens.   Marc: Yeah. Yeah, don't be such a penny pincher or whatever. And again, not that any of that is wrong. Everybody's going to be different. Just based on this person's question, he seems like he's realizing, Hey, we've done a really good job saving, but I'd like to kind of enjoy life a little bit more. The thing that worried me a little bit most was I feel like I'm living paycheck to paycheck and it's like you're making a good salary. So, yeah, I mean, run the numbers. Look at what you're spending each month. Look at what you're saving because, I mean, there could be some expenditures that are out of control too, right? And it's not hard to do in today's world, right? It seems like Amazon shows up at everybody's house every other day.   Tony Mauro: Yeah. Right. I just ordered some stuff before this podcast.   Marc: Well, there you go. Proved my point.   Tony Mauro: Yeah. Yep. Yep.   Marc: So run the numbers. Come in, sit down, have a conversation with a qualified professional. Make sure you're talking with somebody like Tony. Again, he's a CPA and a CFP and an EA with 30 plus years of experience. So he's looking at the tax side of things, he's looking at the investment side of things, he's looking at the whole puzzle piece. And if you need some help, reach out to him. Yourplanningpros.com. That's yourplanningpros.com for that complimentary consultation and review. And don't forget to subscribe to us on whatever podcasting app you enjoy using. Apple, Spotify, and the like. Tony, thanks for hanging out, my friend. Always appreciate you.   Tony Mauro: All right. We'll see you next time.   Marc: We'll see you on the next episode of Plan With The Tax Man with Tony Mauro from Tax Doctor Inc.   Securities offered through Avantax Investment Services SM, member FINRA, SIPC. Investment advisory services offered through Avantax Advisory Services. Insurance services offered through an Avantax affiliated insurance agency. Investment strategies discussed in this episode may not be suitable for all investors. Please consult with a financial professional.

We're kicking off the week with a fresh take on leadership from Sébastien Page, chief investment officer at T. Rowe Price.

Interview with Paul Andre Huet, CEO, and Oliver Turner, Corporate Development of Americas Gold & SilverOur previous interview: https://www.cruxinvestor.com/posts/americas-gold-silver-eric-sprotts-silver-camp-reboot-6965Recording date: 12th May 2025Americas Gold & Silver (TSX:USA) is experiencing a dramatic transformation under new leadership, positioning itself as a premier turnaround opportunity in an increasingly consolidated silver sector. Since December 2024, CEO Paul Huet and his management team have implemented strategic reforms that have already attracted significant institutional interest.The company's institutional ownership has surged from just 8% to 58% in under six months, reflecting growing investor confidence in the new direction. This dramatic shift coincides with the company's recent addition to the SIL index, providing automatic exposure to major funds like BlackRock and T. Rowe Price, with GDXJ inclusion targeted for September 2025.At the heart of this revival is the historic Galena Complex in Idaho, which once produced 5 million ounces of silver annually but has averaged only 1.3 million ounces over the past decade. Management is implementing modern mining methods, including reintroducing long hole stoping for the first time in ten years, aimed at restoring production to previous peak levels.Recent drilling results have reinforced this optimism, with a newly discovered "34 Vein" returning impressive grades of 983 g/t silver over 3.4 meters. To capitalize on these opportunities, the company is pursuing debt financing for critical infrastructure improvements, including a pastefill plant, remote control equipment, and shaft upgrades to more than double hourly capacity.The investment thesis is further strengthened by the dwindling number of pure-play silver producers available to investors. Following recent acquisitions like Pan American's $2.1 billion purchase of Mag Silver at 1.6x NAV, fewer than 10 significant silver-focused companies remain, creating potential scarcity value.Huet, who previously led a successful turnaround at Kurora where production increased fivefold, has personally invested significantly alongside other executives. The team emphasizes that Americas Gold & Silver offers both operational improvement potential and leverage to silver prices, which they believe could reach $35-40 per ounce.With a 100-day track record showing tangible operational improvements and strong technical progress underground, the company is executing a proven playbook in a sector where consolidation continues to reduce investment options, making Americas Gold & Silver an increasingly rare opportunity in the silver mining space.View Americas Gold and Silver's company profile: https://www.cruxinvestor.com/companies/americas-gold-silver-corporationSign up for Crux Investor: https://cruxinvestor.com

Sébastien Page explores how great leaders navigate failure, conflict, pressure, and purpose. — YOU'LL LEARN — 1) How agreeableness holds you back 2) How to know whether a goal is still worth pursuing 3) How to make stress work for you Subscribe or visit AwesomeAtYourJob.com/ep1056 for clickable versions of the links below. — ABOUT SÉBASTIEN — Sébastien Page is Head of Global Multi-Asset and Chief Investment Officer at T. Rowe Price. He has more than two decades of leadership experience and has done extensive research on positive, sports, and personality psychology. He currently oversees a team of investment professionals actively managing over $500 billion in Assets Under Management. Page has written two finance books: Beyond Diversification: What Every Investor Needs to Know, and the co-authored Factor Investing and Asset Allocation, and he has won six annual research-paper awards: two from The Financial Analysts Journal and four from The Journal of Portfolio Management. He appears regularly on CNBC and Bloomberg TV, and in 2022 was named a Top Voice in Finance by LinkedIn. He has been quoted extensively in The New York Times, The Wall Street Journal, and Barron's. His latest book, The Psychology of Leadership, is on sale now from Harriman House. Page lives in Maryland with his wife and kids.• Book: The Psychology of Leadership: Timeless principles to improve your management of individuals, teams… and yourself! • LinkedIn: Sébastien Page• Website: PsychologyofLeadership.net — RESOURCES MENTIONED IN THE SHOW — • Book: Can't Hurt Me: Master Your Mind and Defy the Odds by David Goggins • Book: Never Finished: Unshackle Your Mind and Win the War Within by David Goggins • Book: Open: An Autobiography by Andre Agassi • Book: Quit: The Power of Knowing When to Walk Away by Annie Duke • Book: The Coaching Habit: Say Less, Ask More & Change the Way You Lead Forever by Michael Bungay Stanier • Book: The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change by Stephen Covey • Past episode: 727: How to Start Something New and See it Through with Michael Bungay Stanier— THANK YOU SPONSORS! — • Strawberry.me. Claim your $50 credit and build momentum in your career with Strawberry.me/AwesomeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week on the Fastest Four Minutes in Finance, Scott Inman reveals a dramatic 20-year case study from T. Rowe Price showing how staying invested during market downturns created a $2 million advantage over trying to time the market. Learn why panic selling locks in losses, how recovery periods typically last only 3-6 months after corrections, and why maintaining your investment strategy through uncertainty (including COVID-19, global financial crisis, and current Fed rate debates) is crucial for long-term wealth building.

LifeBlood: We talked about the psychology of leadership, the art and value of making people feel differently, how to embrace stress and anxiety instead of allowing it to be a destructive force, finding your just right, and how to reframe adversity and negativity, with Sébastien Page, Chief Investment Officer with T. Rowe Price, and author of The Psychology of Leadership. Listen to learn how to start pursuing mastery over ego in everything you do! You can learn more about Sébastien at TRowePrice.com and Linkedin. Get your copy of The Psychology of Leadership HERE: https://amzn.to/4kGsdt9 Thanks, as always for listening! If you got some value and enjoyed the show, please leave us a review here: ​​https://ratethispodcast.com/lifebloodpodcast You can learn more about us at LifeBlood.Live, Twitter, LinkedIn, Instagram, YouTube and Facebook or you'd like to be a guest on the show, contact us at contact@LifeBlood.Live.  Stay up to date by getting our monthly updates. Want to say “Thanks!” You can buy us a cup of coffee. https://www.buymeacoffee.com/lifeblood Copyright LifeBlood 2025. Listen to learn how to be a leader, leadership principles, how to deal with stress, how to deal with anxiety, how to overcome ego, reframe anxiety, how to lead

President Donald Trump's newly introduced tariffs are expected to have a larger-than-anticipated impact on the economy, leading to higher inflation and slower growth. Federal Reserve Chair Jerome Powell has highlighted these concerns, signaling a potentially challenging decision-making environment for the central bank moving forward. For investors, this presents a period of uncertainty, with the likelihood of inflationary pressures rising and growth slowing, the question arises: are there still attractive investment opportunities in the current market? On The Wealth Tracker, Hongbin Jeong speaks to Vincent Chung, Co-portfolio Manager for Diversified Income Bond Strategy at T. Rowe Price, to find out more.See omnystudio.com/listener for privacy information.

In this episode of The Art of Charm, we sit down with Sebastien Page — Chief Investment Officer at T. Rowe Price and author of The Psychology of Leadership — to explore what world-class leadership really looks like. Blending sports psychology, positive psychology, and personality science, Sebastien unpacks the mental habits of resilient leaders, the science behind stress optimization, and the silent traps that sabotage ambition. He reveals why perfection isn't the goal, why some stress is critical to peak performance, and why goals—if unchecked—can lead to ethical and personal blind spots. If you're a driven professional seeking clarity, impact, and self-mastery, this conversation will give you a psychological edge that most leaders miss. What to Listen For [00:00] Why “no stress” is not the goal — and why some stress makes you perform better [00:06:41] The misunderstood link between flow, performance, and leadership engagement [00:10:01] Stress tolerance affects team dynamics [00:13:59] The dangerous myth of the “always calm” leader [00:17:07] The hidden power of quality relationships in long-term success [00:21:29] Why goal setting without wisdom leads to burnout or regret [00:38:44] Defining your own core values vs. chasing someone else's metrics [00:42:30] The Big Five Personality Traits and how they transform leadership empathy [00:56:59] How to harness social comparison as a competitive advantage — without letting it destroy your self-worth Episode Takeaways: Stress is not the enemy. Managed correctly, it's the fuel for your best performance and presence. Leadership doesn't mean suppressing emotion. It means learning how to channel it to create clarity for others. Goal setting is powerful — but without meaning, you risk losing everything that matters chasing things that don't. Self-awareness begins with understanding how your personality shapes your leadership Don't wait for “the perfect team.” Instead, test, adapt, and build self-aware systems that evolve with context. Your most important asset isn't strategy — it's trust. A Word From Our Sponsors Tired of awkward handshakes and collecting business cards without building real connections? Dive into our Free Social Capital Networking Masterclass. Learn practical strategies to make your interactions meaningful and boost your confidence in any social situation. Sign up for free at theartofcharm.com/sc and elevate your networking from awkward to awesome. Don't miss out on a network of opportunities! Unleash the power of covert networking to infiltrate high-value circles and build a 7-figure network in just 90 days. Ready to start? Check out our CIA-proven guide to networking like a spy! Indulge in affordable luxury with Quince—where high-end essentials meet unbeatable prices. Upgrade your wardrobe today at quince.com/charm for free shipping and hassle-free returns. Ready to turn your business idea into reality? Shopify makes it easy to start, scale, and succeed—whether you're launching a side hustle or building the next big brand. Sign up for your $1/month trial at shopify.com/charm. Need to hire top talent—fast? Skip the waiting game and get more qualified applicants with Indeed. Claim your $75 Sponsored Job Credit now at Indeed.com/charm. Curious about your influence level?  Get your Influence Index Score today! Take this 60-second quiz to find out how your influence stacks up against top performers at theartofcharm.com/influence. Resources from this Episode The Psychology of Leadership: Timeless principles to improve your management of individuals, teams… and yourself! Sebastien Page on LinkedIn Harvard's 80-year study on happiness and relationships The Yerkes-Dodson Law (stress vs. performance curve) Check in with AJ and Johnny! AJ on LinkedIn Johnny on LinkedIn AJ on Instagram Johnny on Instagram The Art of Charm on Instagram The Art of Charm on YouTube The Art of Charm on TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to Strategy Skills episode 542, an interview with the author The Psychology of Leadership: Timeless principles to improve your management of individuals, teams… and yourself!, Sébastien Page.   Ever wondered what truly drives successful leaders and how psychology plays a role?    In this episode with Sébastien Page, we explore the habits, mindset, and science behind great leadership. He shares lessons drawn from 20 years of experience and in-depth research in positive and sports psychology. Sébastien introduces the PERMA model (Positive Emotion, Engagement, Relationships, Meaning, Accomplishment) and explains how it can be applied to leadership and organizational success. He also shares insights from studying billionaires and what drives their success beyond money.   Sébastien Page is the Chief Investment Officer of T. Rowe Price. He manages the division responsible for managing Multi-Asset portfolios there. he has won six annual research-paper awards: two from The Financial Analysts Journal and four from The Journal of Portfolio Management. He appears regularly on CNBC and Bloomberg TV. He has been quoted extensively in The New York Times and The Wall Street Journal.   Get Sébastien's book here: https://rb.gy/mnu5an The Psychology of Leadership: Timeless principles to improve your management of individuals, teams… and yourself!   Here are some free gifts for you: Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach   McKinsey & BCG winning resume free download: www.firmsconsulting.com/resumepdf   Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo  

Tom Samuelson, chief investment officer at Vineyard Global Advisors, says the market's long-running bull market is "on thin ice right now," from a technical standpoint, having fallen below its 200-day moving average, leaving the market "at a really interesting juncture," and making him defensive, building more cash, loading up on utilities and safe sectors and waiting to see how it plays out. Samuelson says that if the market breaks down -- with a decline accelerated by reactions to government tariff policies -- it could drop another 15 percent or more, putting the market squarely into correction territory off of its February highs. Todd Rosenbluth, head of research at VettaFi, is more interested in the recent rally in international stocks than he is in the possible impact of tariffs on the markets there, and picks a T. Rowe Price international fund as the ETF of the Week. Susan Fahy discusses the latest Credit Gauge from VantageScore, which shows that the resumption of student loan payments has negatively impacted credit scores and will drop them further, as other indicators suggest consumer finances are slowly declining. Plus Mike Bailey, director of research at FBB Capital Partners, brings his "beat and replace" approach for stocks to the Market Call, and Chuck gives his initial take on what Wednesday's tariff news means for consumers.

VettaFi's Head of Research Todd Rosenbluth discussed the T. Rowe Price International Equity ETF (TOUS) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” 

David Giroux talks about recent fund launches, including a Capital Appreciation Premium Income ETF (TCAL) and the Priced Hedged Equity ETF (THEQ). He talks about the value proposition of the funds, with TCAL aiming for a high-single digit return with “half the market's risk.” He talks about the number of holdings in the fund and why their strategy might interest investors.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Tech giants that have dominated Wall Street for two years are losing their grip. The Bloomberg Magnificent Seven index has fallen roughly 10% from its December peak, officially entering correction territory. But why are investors shying away from the Magnificent Seven?And what sectors are now investors looking into? On Wealth Tracker, Hongbin Jeong speaks to Rahul Ghosh, Portfolio Specialist in the Equity Division at T. Rowe Price, to find out more.See omnystudio.com/listener for privacy information.

Leveraged loans combined with treasuries create a solid strategy for navigating today's fixed income market. These two asset classes work like a peanut butter and jelly sandwich, balancing each other out—leveraged loans shine when interest rates rise, while treasuries thrive when rates drop. In our chat today with David Giroux, portfolio manager at T. Rowe Price, we dive into how this mix helps manage risk and enhance returns in uncertain market conditions. Giroux shares his insights on the current investment landscape, emphasizing the importance of evaluating management quality and capital allocation strategies. Join us as we unpack these ideas and explore what they mean for the future of investing.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Read more about David here.Episode TimeStamps: 02:20 - Introduction to David Giroux and T. Rowe Price09:00 - Are mostly sectors overvalued?11:43 - What has driven the change in valuations?13:48 - How Giroux determines how much risk to allocate in markets18:19 - The outlook for equity returns and Giroux stance on AI21:42 - The relationship between market meltdowns and interest rates23:29 - Giroux's outlook for inflation28:32 - How Giroux uses his past experience to predict markets31:37 - How Giroux constructs stock portfolios35:35 -...

Paying off debt is always a smart financial move—but eliminating it before retirement is one of the best decisions you can make. With more people than ever retiring with debt, financial security in retirement is at risk. Let's explore why carrying debt into retirement can be problematic and what you can do to avoid it.The latest statistics reveal a concerning trend. According to the Federal Reserve's 2022 Survey of Consumer Finances, 65% of individuals aged 65 to 74 carry debt—a significant increase from 50% when the Fed began tracking this data 35 years ago.Debt in retirement severely limits lifestyle choices and, for many, leads to an unwelcome necessity: returning to work. A study by T. Rowe Price found that 20% of retirees have gone back to work full-time or part-time, and another 7% are actively looking for jobs. The primary reason? They need more income.Inflation has only worsened the situation. Prices today are around 15% higher than they were three years ago, catching many retirees off guard and stretching already tight budgets—especially those burdened with debt.As Proverbs 22:7 warns, “The rich rule over the poor, and the borrower is the slave of the lender.” To avoid financial hardship in retirement, it's critical to develop a strategy now to eliminate debt.How to Eliminate Debt Before RetirementIf you're 5, 10, or even 15 years away from retirement, now is the time to set a goal of becoming debt-free. A debt-free retirement provides the financial margin necessary to weather economic downturns, stock market fluctuations, and rising costs of living. Here are practical steps to achieve that goal:1. Reduce Your ExpensesA budget overhaul can reveal unnecessary expenses you're paying out of habit. Cut subscriptions, eat out less, and find ways to live within your means.2. Increase Your IncomeConsider taking on a side job, selling unused assets, or even delaying retirement by a few years to maximize savings and accelerate debt repayment.3. Downsize Your HomeOne of the most impactful moves is downsizing. If you still have a mortgage, selling your current home and purchasing a smaller one with cash (or a significantly reduced mortgage) can dramatically lower your monthly expenses. Additionally, a smaller home means lower property taxes, utility bills, and maintenance costs.4. Pay Down Your Mortgage FasterIf downsizing isn't an option, commit to making extra mortgage payments. Even one additional payment per year can shave off several years from your loan and save thousands in interest.Addressing Consumer DebtCredit card debt is another major obstacle in retirement. High-interest rates, which often increase with inflation, make carrying a balance extremely costly. Here's how to tackle it:Use the Snowball Method: Pay off the smallest balance first, then roll that payment into the next debt. This approach provides quick wins and motivation to continue. Avoid Using Home Equity: Converting unsecured credit card debt into a home equity loan puts your house at risk if you can't make payments. Seek Help If Needed: If you have more than $4,000 in credit card debt, consider working with Christian Credit Counselors. They offer debt management plans that can help you become debt-free 80% faster.One thing we've never heard at FaithFi? A person calling in to say they regretted paying off their debt. Eliminating debt before retirement ensures financial security and provides more time and resources to serve God's Kingdom.So, make a plan today. Your future self—and your financial journey—will thank you.On Today's Program, Rob Answers Listener Questions:Do I still have to keep filing married filing joint even though my husband left me about three and a half years ago and we do not live together?I inherited a traditional IRA from my mother when she passed away in 2017, and I'm not sure whether I need to disperse it in 10 years or if I can continue taking required minimum distributions (RMDs) over my lifetime.I don't have a 401(k), but I own a property that I could sell for $250,000 to $350,000. I'm not sure what to do with the money from the sale to help me prepare for retirement, since I'm still working full-time at 61 and don't plan to retire soon.Resources Mentioned:Faithful Steward: FaithFi's New Quarterly MagazineChristian Credit CounselorsWisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Our conversation outlines the current landscape for fixed income investors and where to locate opportunity within the asset class. We also discuss the road ahead for monetary policy, the economy and the broader markets. Featured are Leslie Falconio, Head of Taxable Fixed Income Strategy Americas, UBS Chief Investment Office, and Alex Obaza, Portfolio Manager, T.Rowe Price. Host: Daniel Cassidy

On episode 177 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by David Giroux of T. Rowe Price to discuss: David's outlook for stocks, the Barron's Roundtable, the opportunity in fixed income, earnings season, what it's like managing an ETF, and much more! This episode is sponsored by Themes ETFs. To learn more about their ETF offerings, visit: https://themesetfs.com/ Sign up for The Compound Newsletter and never miss out!: https://www.thecompoundnews.com/subscribe Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Charles Piller, author of “Doctored: Fraud, Arrogance and Tragedy in the Quest to Cure Alzheimers,” discusses how research into one of the world's most devastating health scourges has been held back by the egos and profit motives of some of the leading researchers, and what they have done to keep their research in the spotlight even as more science shows that it might be leading to the wrong conclusions on how to combat the problem. Lindsay Theodore of T. Rowe Price talks about new research — and a planning guide created from it, that looks at life and long-term care planning for the second half of retirement, noting that for many people the golden years are two different stages that require separate financial focus to plan for correctly. Plus Dan Kim, director of research at Saturna Capital — manager of the Sextant International fund — brings his long-term focus to finding disruptive stocks to the Market Call.

Join host Nataraj on the Startup Project podcast as he sits down with David Blumberg, a seasoned investor with over three decades of experience in early-stage tech companies. From his early days at T. Rowe Price to founding Bloomberg Capital, David shares his unique journey and insights into the world of venture capital. About the Episode: This episode explores David's evolution as an investor, from his initial interest in government to his realization that business and entrepreneurship were the true drivers of positive change.  He discusses his early investments in Israeli tech companies, his time at Claridge, a prominent family office, and the lessons he learned along the way. David shares his investment philosophy, emphasizing the importance of strong teams, large market potential, and minimal competition. He highlights his experience with successful companies like Double Verify and Nutanix, emphasizing the value of repeat founders and the power of building strong relationships. The conversation also delves into David's personal investment strategy, his passion for energy humanitarianism, and his belief in the potential of AI to revolutionize various industries. He shares his insights on the evolving landscape of venture capital, the importance of continuous learning, and the impact of regulatory changes on the business world. About the Guest and Host: David Blumberg: Founder and Managing Partner of Blumberg Capital, a venture capital firm focused on early-stage and growth investments.  → LinkedIn: https://www.linkedin.com/in/davidjblumberg → Website: https://blumbergcapital.com/ Nataraj: Host of the Startup Project podcast, Senior PM at Azure & Investor.  → LinkedIn:   https://www.linkedin.com/in/natarajsindam/ → Twitter: https://x.com/natarajsindam → Email updates: ⁠https://startupproject.substack.com/⁠ → Website: ⁠⁠⁠https://thestartupproject.io⁠⁠⁠ Timestamps: 00:01 - Introduction and Guest Introduction 00:42 - David's Location and Work Model 00:54 - David's Career Journey and Interest in Tech Investing 01:22 - Early Influences and the Importance of Entrepreneurship 05:10 - First Tech Investment and Israeli Tech Ecosystem 09:22 - Israel's Tech Growth and the Yozma Program 13:45 - Government's Role in Fostering Innovation 17:53 - The Israeli Military's Influence on Entrepreneurship 19:54 - Experience at Claridge and Transition to Bloomberg Capital 24:34 - The Evolution of Venture Capital and Bloomberg Capital's Strategies 27:15 - Working with Repeat Founders 30:40 - Decision-Making in Pre-Seed Investing 34:19 - Defining Talent in Early-Stage Founders 39:32 - Importance of Domain Expertise 41:11 - Lawyers in Leadership Roles 43:15 - Bloomberg Capital's CIO Innovation Council 48:29 - Personal Investment Strategy and Energy Humanitarianism 51:39 - Admired Investors and the Venture Capital Landscape 56:06 - Current Consumption (Books, Podcasts, etc.) 01:00 - Mentors and Their Influence 01:01 - Advice for Young Investors Subscribe to Startup Project for more engaging conversations with leading entrepreneurs! → Email updates: ⁠https://startupproject.substack.com/⁠ #StartupProject #VentureCapital #Investing #TechInvesting #Israel #Entrepreneurship #Podcast #YouTube #Tech #Innovation #Energy #Humanitarianism #AI #CIO #BloombergCapital

It's another huge day of Big Tech earnings with the biggest company of all: Apple. Barbara Doran, CEO of BD8 Capital Partners, and Jose Rasco, CIO at HSBC Global Private Banking kick things off with where we are in the market right now. We break down earnings from Intel, KLA, Visa, Deckers, and U.S. Steel.Patrick Moorhead of Moor Insights discusses Intel's report. We break down Apple from every angle withBarbara Doran, Patrick Moorhead, and Maxim Group's Tom Forte, plus T. Rowe Price portfolio manager Tony Wang. Morgan sits down with UPS CEO Carol Tomé as the company's stock posted its worst day ever after investors shied away from the company's disappointing revenue guidance.

Jennifer Martin, vice president of global equities for T. Rowe Price, says that artificial intelligence is creating "contestable markets," which means that "Every company has to keep spending." That creates an economic imperative -- regardless of economic and market conditions -- that should help the stock market power through adjustments to the new administration's policies and concerning economic conditions. Martin discusses T. Rowe's 2025 Outlook, and how it has changed in the two months since it was issued, but she noted that the U.S. economy is set for another year of growth, and that value plays and small-cap stocks could be strong for international markets. Todd Rosenbluth, head of research at VettaFi, looks to a long-term dividend payers for both income and growth in his ETF of the Week, and Ken Mahoney, chief executive officer at Mahoney Asset Management, brings his "GPS method" for picking stocks and ETFs to the Market Call, looking to ride companies and sectors where the players are beating estimates and raising their earnings guidance.

Russ Kinnel, director of ratings for Morningstar Research Services, compares open-end funds and actively managed ETFs from Fidelity, T. Rowe Price, and Capital Group. Matthew Dolgin, senior equity analyst for Morningstar Research Services, discusses what he thinks of Netflix's stock and where the streamer could profit next. Open-End Funds vs. Active ETFsAdvantages of Active ETFsAppeal for Day TradersDisadvantage of Active ETFsWhich Investors Should Consider Swapping Mutual Funds for ETF CounterpartsComparing Open-End Funds and Active ETFs on Key FactorsHow T. Rowe Price Funds Compare to ETFsFidelity Funds vs ETFs PerformanceCapital Group's Different Approach to Their Funds vs ETFsDecision Expected From SEC on ETF Share Class Requests  What's New in the Markets  Netflix's Message to CompetitorsToo Early to Judge Live Sports PushHow Can Netflix Increase Profits?  What to Watch for From Netflix's Earnings Report Morningstar's Outlook on Netflix Stock Read about topics from this episode.  How to Find the Right Active ETF for Your PortfolioWill Active ETFs Outnumber Passive ETFs?3 Great Active ETFs for Stock InvestorsAre Active ETFs Truly More Tax-Efficient?Morningstar's Guide to Active ETFsAfter Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?3 Cheap Stocks to Watch in the Fight Over Sports Streaming What to watch from Morningstar.It's Getting Easier to Invest in Private Assets. What Does That Mean for Investors?Where Investors Can Find the Highest Bond Yields in 2025How the Fed's Surprise Outlook Adds to Market Uncertainty for 2025How to Diversify Your Portfolio to Handle a Market Correction Read what our team is writing:Ivanna HamptonRuss KinnelMatthew Dolgin Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/

In this episode of Dividend Talk, we dive into the world of dividend-focused ETFs available to European investors. In the News of the Week, we explore the recent sharp decline in Greggs' share price following its trading update, despite record sales. Is this an opportunity to buy, or should investors look elsewhere? The Listener Questions segment tackles a range of intriguing topics: How to prioritise investments when building a dividend portfolio. Why many REITs show negative ROIC vs WACC differences. Expectations for organic growth in diversified dividend portfolios. A thought experiment involving a €50,000 inheritance and turnaround companies. Finally, we wrap up with stock-specific discussions, including Schneider Electric, PepsiCo, and Eaton, while addressing questions on private equity, T. Rowe Price, and Sonoco Products.

Markets kicked off the new year with a volatile session, ultimately finishing the day lower. Vital Knowledge's Adam Crisafulli and Hennion & Walsh's Kevin Mahn break down the market reaction. Our Hugh Son analyzing SoFi's sharp drop, while RBC's Tom Narayan offers insights on Tesla's latest delivery numbers. Plus, Megan Cassella reports on the latest developments in the China Treasury hack, and Tony Wang of T. Rowe Price shares his tech playbook for 2025. Angelica Peebles on the latest in the bird flu outbreak, and Terry Haines weighs in on the political gridlock as the House Speaker vote looms.

T. Rowe Price prevé que la tasa del Treasury a 10 años podría subir al 6%, su mayor nivel en más de dos décadas; China mantendría meta de crecimiento del 5% en 2025, según Reuters; Banco Central de Chile recortaría tasas hoy; Sebastian Boyd, estratega de Bloomberg News, comenta lo que el mercado espera para la Fed mañana y en 2025.Más de Bloomberg en EspañolNewsletter Cinco cosas: https://trib.al/WIwfnT0Linkedin: https://www.linkedin.com/company/bloomberg-en-espanol/Youtube: https://www.youtube.com/BloombergEspanolWhatsApp: https://whatsapp.com/channel/0029VaFVFoWKAwEg9Fdhml1lTikTok: https://www.tiktok.com/@bloombergenespanolX: https://twitter.com/BBGenEspanolProducción: Eduardo ThomsonSee omnystudio.com/listener for privacy information.

In this episode of the InsuranceAUM.com Podcast, host Stewart Foley sits down with Blerina Uruci, Chief US Economist in the Fixed Income Division of T. Rowe Price, for an in-depth conversation on the critical macroeconomic trends shaping the investment landscape. From the impact of US elections to the Fed's rate policy and the rising influence of productivity growth, Blerina offers expert perspectives on how these developments could influence investor sentiment and economic performance.   With a unique global perspective, Blerina shares her take on trade policies, fiscal uncertainties, and the evolving role of inflation in a higher-for-longer interest rate environment. Don't miss this engaging conversation packed with actionable insights for navigating the complexities of today's economy.

Frank Tighe is a Senior Retirement Sales Director for large market plans in the South/Central region at T. Rowe Price Retirement Plan Services. With financial services experience dating back to 1994, he joined T. Rowe Price in 2024. Frank has extensive experience supporting corporate retirement plans, including roles in investment consulting, recordkeeping sales, and investment advisory support at firms like Wells Fargo, Mercer, Newport Group, Hartford Funds, and American Century Investments. A graduate of the University of Houston, Frank holds Series 7 licensing and certifications as a Certified Plan Fiduciary Advisor (CPFA) and Accredited Investment Fiduciary (AIF).Corey Pride is a Senior Retirement Sales Executive in Core Markets of Retirement Plan Services at T. Rowe Price. With investment experience since 1996, he joined T. Rowe Price in 2023 after seven years at J.P. Morgan Asset Management, where he specialized in retirement plan services. Corey's expertise spans 401(k), 403(b), and nonqualified deferred compensation plans, enabling him to develop effective strategies for strengthening retirement plans for businesses of all sizes. Corey holds a Bachelor of Arts in International Studies from Texas A&M University and several professional designations, including CPFA, NQPA, CRPS, and Chartered Financial Consultant. Passionate about addressing the retirement readiness crisis, he collaborates with financial professionals and companies to create impactful solutions.In this episode, Eric, Frank Tighe, and Corey Pride discuss:Driving an objective evaluation process The right approach to the RFP processGuidelines on considering record keepers Encouraging better outcomes through engagement Key Takeaways:Clearly define challenges, goals, and participant needs to ensure an objective evaluation, free from biases like favoring current providers or skipping presentations. Prioritize participant experience, technology access, and clear metrics.Approach the RFP process rigorously to evaluate new technologies, services, and pricing while addressing changing plan needs. Avoid inertia from periodic reviews and use customized, goal-driven RFPs instead of generic templates.Consider record keepers with personalized, targeted communication leveraging AI for better participant engagement and outcomes. The target-date fund (TDF) search could possibly precede the record-keeper search, focusing on participants' needs for the largest plan assets first. Personalized video technology boosts engagement and outcomes. Ensure clear requirements, address committee biases, and prioritize investment analysis before selecting a record keeper.“You really have to focus on the best decision for your participants, minus all the noise and all the other bells and whistles that may come from those extraneous services.” - Corey PrideConnect with Frank Tighe:LinkedIn: https://www.linkedin.com/in/frankjtighe/ Connect with Corey Pride:LinkedIn: https://www.linkedin.com/in/corey-pride/ Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information and content of this podcast is general in nature and is provided solely for educational and informational purposes. It is believed to be accurate and reliable as of the posting date but may be subject to changeIt is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, investment advice, financial advice, tax, plan design or legal advice (unless otherwise specifically indicated). Please consult your own independent advisor as to any investment, tax, or legal statements made.The specific facts and circumstances of all qualified plans can vary and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.

Michael Doshier's role at T. Rowe Price is twofold. First, he shines a light on emerging retirement trends, shifting investor demographics, and the increasing impact of regulation. The research, insights, education, and experience that he and his colleagues analyze and share are all developed with their advisor, consultant, plan sponsor, and participant clients in mind. Secondly, he provides strategic direction to their internal teams focused on the ongoing management of their retirement business.His national and global experience has provided a rich education in best practices and the value of a client-centric relationship. There is no substitute for putting clients first, and T. Rowe Price has successfully woven this value into the fabric of the organization over the last 85 years. He lives by the values he learned from an early age; be authentic and consistent, serve others, and earn their respect. Integrity is an essential component of a well-lived life, and he believes in the power of coaching and mentoring future generations.In this episode, Eric and Michael Doshier discuss:Why CITs are becoming more preferred The transition to CIT structure The growing emphasis on implementing retirement income strategies The connection of financial wellness with satisfaction and retentionKey Takeaways:CITs (Collective Investment Trusts) gaining popularity due to lower costs and increasing transparency, facilitating the transition from mutual funds. Consultants and advisors overwhelmingly prefer the blend/hybrid Target Date Fund (TDF) approach over pure active or passive strategies, integrating cost-efficiency with potential alpha generation.The T. Rowe Price study referenced discovered that 49% of TDF assets in DC plans are now in CIT structures, with a significant shift expected in 2024. The study also highlights the strong preference for blend strategies (active and passive) in target date funds, with 97% of consultants and advisors favoring this approach.While large plans have been implementing retirement income strategies for years, smaller plans are just starting to consider them. The study reveals that 10-20% of consultants and advisors have a dedicated process for evaluating retirement income products, with many more working on it.Financial wellness programs are increasingly being seen as valuable for overall worker satisfaction and retention, with 90% of firms now able to measure their impact. There are three main categories of financial wellness offerings: traditional accumulation savings, near-term savings goals, and in-retirement mechanisms.“Is financial wellness worth the investment? Is it worth the cost? I think the answer is coming back very loud and clear from these 35 firms: absolutely yes!” - Michael DoshierConnect with Michael Doshier:Website: https://www.troweprice.com/ LinkedIn: https://www.linkedin.com/in/michaelgdoshier/ Connect with Eric Dyson: Website: https://90northllc.com/Phone: 940-248-4800Email: contact@90northllc.com LinkedIn: https://www.linkedin.com/in/401kguy/ The information and content of this podcast is general in nature and is provided solely for educational and informational purposes. It is believed to be accurate and reliable as of the posting date but may be subject to changeIt is not intended to provide a specific recommendation for any type of product or service discussed in this presentation or to provide any warranties, investment advice, financial advice, tax, plan design or legal advice (unless otherwise specifically indicated). Please consult your own independent advisor as to any investment, tax, or legal statements made.The specific facts and circumstances of all qualified plans can vary and the information contained in this podcast may or may not apply to your individual circumstances or to your plan or client plan-specific circumstances.

For YMB listeners, here's a special presentation of WSJ's Take On the Week: Co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street's banking and money columnist, cut through the noise and dive into markets, the economy, and finance—the big trades, key players and business news ahead. This week, Telis and Gunjan dig into the latest on the Trump trade, the crypto rally and what upcoming retail earnings reports from Target and Walmart could signal about American consumers. Later, Dominic Rizzo, portfolio manager of T. Rowe Price's Global Technology Equity Strategy, joins the show to talk about artificial intelligence investment and tech stocks, including companies such as AMD and Synopsys and those in the Magnificent Seven like Alphabet, Meta and Microsoft. And of course the sector's shining star, Nvidia. Have an idea for a future guest or episode? How can we better help you take on the week? We'd love to hear from you. Email takeontheweek@wsj.com or the hosts at telis.demos@wsj.com and gunjan.banerji@wsj.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to WSJ's Take On the Week. Co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street's banking and money columnist, cut through the noise and dive into markets, the economy, and finance—the big trades, key players and business news ahead. This week, Telis and Gunjan dig into the latest on the Trump trade, the crypto rally and what upcoming retail earnings reports from Target and Walmart could signal about American consumers. Later, Dominic Rizzo, portfolio manager of T. Rowe Price's Global Technology Equity Strategy, joins the show to talk about artificial intelligence investment and tech stocks, including companies such as AMD and Synopsys and those in the Magnificent Seven like Alphabet, Meta and Microsoft. And of course the sector's shining star, Nvidia. Have an idea for a future guest or episode? How can we better help you take on the week? We'd love to hear from you. Email takeontheweek@wsj.com or the hosts at telis.demos@wsj.com and gunjan.banerji@wsj.com.  Further Reading Nvidia Will Dominate Big Tech's Earnings Season Again  From AI to Hardware Costs: Enterprise Tech Leaders Prepare for Trump 2.0  For more coverage of the markets and your investments, head to WSJ.com, WSJ's Heard On The Street Column, and WSJ's Live Markets blog. 

Bridging the gap between financial theory and investment practice has been the hallmark of research at State Street for more than 25 years. So, we are lucky to speak to a pioneer in this endeavor this week. Sébastien Page, head of Global Multi Asset and Chief Investment Officer at T. Rowe Price, joins the podcast, walking us through insights gleaned from over two decades in finance, starting with reflections on his time at State Street. We dive into his research on portfolio construction, risk and asset allocation, before finishing with thoughts on the markets, as well as insights from his forthcoming book, The Psychology of Leadership.  See omnystudio.com/listener for privacy information.

Our guests this week are Jim Murphy and Charlie Hill of T. Rowe Price's Municipal Bond Investment Team. Jim leads the team and is portfolio manager for several high-yield muni strategies. Charlie, who has been at T. Rowe since 1991, manages several short and intermediate term municipal-bond funds. Morningstar's manager research team rates T. Rowe Price's municipal bond capability highly with several strategies carrying Gold medalist ratings.BackgroundJim Murphy BioT. Rowe Price Tax-Free High Yield PRFHXT. Rowe Price Tax-Free High-Yield Advantage PATFXCharlie Hill BioT. Rowe Price Tax-Free Short-Intermediate PRFSXT. Rowe Price Tax-Free Short-Intermediate 1 TTSIXMunicipal Bonds“Reasons to Fall in Love With Municipal Bonds Right Now,” by Amey Stone, barrons.com, July 28, 2023.“It's Been a Poor Year so far for Municipal Bonds,” by Tim Gray, nytimes.com, July 18, 2022.“3 Tax-Free Funds That Are Gems,” by Russel Kinnel, Morningstar.com, Sept. 11, 2024.“Muni-Bond Niche Defies Sales Slump as Banks Seize on Cheap Rates,” by Nic Querolo and Sri Taylor, fa-mag.com, Oct. 22, 2021.“Municipal Bonds: Where to Find Opportunities in a Volatile Market,” by Elizabeth Foos, Morningstar.com, Aug. 6, 2024.Other“Build America Bonds (BABs): Types, Restrictions, Vs. Other Bonds,” by James Chen, Investopedia.com, June 8, 2022.“Ed Slott: What Investors Need to Do Before the Tax Cut and Jobs Act Expires,” Interview with Christine Benz and Ed Slott, Morningstar.com, Feb. 6, 2024.Texas Permanent School FundFinancial Oversight and Management Board for Puerto Rico

Plus, Spirit Halloween, and the most hated stocks in the S&P 500. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tony Faddell, inventor of the iPod and co-inventor of the iPhone, joins to discuss the recent spate of bearish Apple headlines—and makes his case for why Apple has a strategic advantage in AI not just right now but for years to come. Plus, the fallout from WSJ's bombshell report on Elon Musk and Russia and T. Rowe Price's Tony Wang on how to position ahead of Big Tech earnings next week.

In episode 105 of the [i3] Institutional Investment Podcast, we speak with Jessica Sclafani, a Global Retirement Strategist with US fund manager T. Rowe Price, which manages $1.6 trillion in total assets on behalf of clients. Retirement is a more complex phase than wealth accumulation and it needs a more sophisticated approach to deliver good outcomes. Sclafani discusses a 5 dimensional approach to retirement and the tradeoffs that come with choosing a suitable approach Overview of Podcast with Jessica Sclafani, Global Retirement Strategist, T. Rowe Price 01:00 How does one become a global retirement strategist? 04:30 The 5 dimensional retirement strategy is based on the research of Berg Cui a senior quantitative investment analyst in the Multi-Asset Division of T. Rowe Price 05:30 The 5 dimensions of retirement 07:30 To benefit from any of these attributes, you are going to have to compromise on at least one of the other four. So tradeoffs is something that we are going to talk about a lot 10:30 Traditional risk/return tradeoffs don't work well in retirement. Here is an example. 13:00 Our research showed that out of 2500 respondents, maintaining quality of life was their top ranking concern 14:00 Longevity risk and the risk of sudden portfolio depletion are not the same thing 15:30 When investing for retirement, people are not just focusing on returns 18:00 People in the survey ranked volatility as the least important. Is that a financial literacy issue? 23:00 Guaranteed income streams are not very popular. What is your take on these products in retirement? 24:30 We tend to talk a lot about guarantees, but we don't talk a lot about what people have to give up for that guarantee 25:00 Our research found that people are willing to give up 6 per cent of their income to go from knowing that their savings would last them until age 100 to having a guarantee for life 28:00 Does A.I. offer a solution for mass-customisation of retirement products? To read the T. Rowe Price paper, 'A five‑dimensional framework for retirement income needs and solutions', please see here: https://www.troweprice.com/content/dam/gdx/pdfs/2024-q3/a-five-dimensional-framework-for-retirement-income-needs-and-solutions-apac.pdf

In this week's episode of **Market Mondays**, we covered a wide range of key topics related to the current financial landscape. Ian shared his insights on stocks that could perform well if Donald Trump wins the next election, expanding on previous discussions about stocks to watch if Kamala Harris were to win. Troy also delivered an informative presentation on stock options, providing valuable strategies for navigating the market.We dove into the topic of **Bitcoin** and discussed whether it will continue to follow the Quantitative Easing, 4-year cycle. Ian also provided his **trading tip of the week**, emphasizing that "the shorter the time frame, the weaker the signal," offering advice on how to interpret market signals effectively.Another major topic was the **potential acquisition of Expedia by Uber**. We explored what this purchase could mean for both companies and the broader tech industry. We also had a special guest—U.S. Secretary of Education Miguel Cardona—who joined us to discuss the Biden administration's **$4.5 billion student debt relief announcement** and the current status of education in America. This was an insightful conversation about the government's efforts to alleviate financial burdens on students.Additionally, we addressed whether it's a good time to consider **precious metals like gold**, which recently hit a record high. We explored how much of your portfolio should be allocated to precious metals. We also tackled the question, "If I only invest in VTI and QQQM for the long term, will I be fine?" offering a deep dive into these two popular index funds.In a more rebellious approach, we discussed the strategy of holding **2 tech stocks and 3 index funds** (like healthcare and small caps) for broader exposure, challenging the conventional wisdom of sticking to a strict balance of investments. Finally, we highlighted **8 dividend stocks beyond the usual Dividend Kings**, featuring names like Verizon, Pfizer, UPS, Kraft Heinz, T. Rowe Price, Chevron, CVS Health, and Sirius XM, giving investors new options for securing reliable income.EYL University 48 Hour Sale: Enter Code "MarketMondays" at Checkout https://eyluniversity.com (https://eyluniversity.com) #MarketMondays #StockMarket #Investing #Bitcoin #StudentDebtRelief #PreciousMetals #DividendStocks #FinancialFreedom #VTI #QQQM #TechStocks #Education #Uber #Expedia #TradingTipsSupport this podcast at — https://redcircle.com/marketmondays/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In the ever-evolving landscape of technology and entrepreneurship, few stories are as multifaceted and inspiring as that of Othman Laraki. This interview dives into Othman's story, offering a deep exploration of the world of building, scaling, and transforming companies. Othman relates his experiences working in healthcare and artificial intelligence and eventually building Color Health. This venture has attracted funding from top-tier investors like General Catalyst Partners, Viking Global Investors, Emerson Collective, and T. Rowe Price.

Welcome to the daily304 – your window into Wonderful, Almost Heaven, West Virginia.   Today is Tuesday, Oct. 22, 2024. Form Energy receives $405 million to speed up manufacturing at its Weirton factory…Ball Toyota's owner is honored with the Distinguished West Virginian award for his company's contribution to West Virginia schools…and discover the autumn beauty of Preston County…on today's daily304. #1 – From WCHS-TV – Form Energy, a company that is beginning to produce a longer-lasting alternative to lithium batteries, hit a milestone this month with an announcement of $405 million in funding. The money will allow Form to speed up manufacturing at its first factory in Weirton, West Virginia, and continue research and development, officials say. Manufacturing long-duration energy storage at a commercial scale is seen as essential for lowering carbon emissions that are causing climate change, because it makes clean energy available when the sun isn't shining or the wind isn't blowing. Investment company T. Rowe Price led the funding. GE Vernova, a spin-off of General Electric's energy businesses, and several venture capital firms were also involved. Read more: https://www.wchstv.com/news/local/form-energy-secures-405m-to-speed-development-of-long-awaited-100-hour-battery-in-wva   #2 – From LOOTPRESS – Ball Toyota owner Shawn Ball received the highest honor presented by a West Virginia governor recently as Ball was recognized by Gov. Jim Justice as the recipient of the “Distinguished West Virginian” award. Ball was one of many state leaders – including brother and business partner, David Ball – present at the Woodrow Wilson Auditorium for a special panel pertaining to critical issues of student need being faced by schools across the state and nation. The Ball Toyota Family of Dealerships announced a partnership with many West Virginia schools throughout their service area to which a $650,000 donation was made to assist students in need and school leadership to obtain and provide essential items such as clothing, food, hygiene products, and more. The donation comes alongside a $250,000 gift to Marshall University, emphasizing the family's support for the university. Read more: https://www.lootpress.com/shawn-ball-recognized-as-distinguished-west-virginian-by-governor-justice/   #3 – From WV NEWS – Preston County offers a stunning combination of natural beauty and rich historical experiences, especially during the fall. At the same time, its deep-rooted history provides visitors with ample opportunities to explore the past while enjoying the scenic landscape.  Whether you're a nature lover, history buff, or simply looking for a peaceful getaway, Preston County offers an ideal blend of fall foliage and heritage tourism. For those looking to take in the beauty of the season by car, several scenic drives in and around Preston County offer breathtaking vistas. Route 7, which runs through the county, is particularly notable for its winding roads and impressive overlooks. The winding Cheat River Canyon also provides an awe-inspiring backdrop of the river valley amidst the changing leaves. Check out wvtourism.com to learn more and plan your fall getaway in Almost Heaven. Read more: https://www.wvnews.com/stunning-natural-beauty-with-plenty-of-historical-tourism-opportunities-await-in-preston-county/article_377026a8-73b1-11ef-8c1c-7fcc1d240927.html   Find these stories and more at wv.gov/daily304. The daily304 curated news and information is brought to you by the West Virginia Department of Commerce: Sharing the wealth, beauty and opportunity in West Virginia with the world. Follow the daily304 on Facebook, Twitter and Instagram @daily304. Or find us online at wv.gov and just click the daily304 logo.  That's all for now. Take care. Be safe. Get outside and enjoy all the opportunity West Virginia has to offer.  

Todd Rosenbluth, head of research at VettaFi, says that the start of a rate-cutting cycle is a time when investors will want low-cost active management — rather than an index fund — in the fixed-income space. To that end, he picks a T. Rowe Price fund that uses a quantitative management style as his ETF of the Week, noting it can do the job for investors looking to diversify their fixed-income holdings. Jessica Johnston, senior director for NCOA's Center for Economic Well-Being In the U.S., discusses a recent survey by the group which showed that 80 percent of older Americans face a real risk of financial insecurity, Chuck discusses what investors and savers are facing — regardless of which side wins the election — when it comes to decisions on tax legislation that expires in 2025, covering everything from tax rates and the standard deduction to the child tax credit,estate tax exemptions and much more. And in the Market Call, Kathy Boyle of Chapin Hill Advisors discusses how she uses ETFs in pursuing core-and-explore investment strategy.

Does a slower Fed mean smaller gains for stocks? Ed Yardeni of Yardeni Research, Newedge's Cameron Dawson and Virtus' Joe Terranova debate where they stand. Plus, T. Rowe Price's Sebastein Page tells us why he is looking for opportunities to take on more risk right now. And, Charles Schwab's Liz Ann Sonders and Kevin Gordon reveal how they are positioning into year-end.

In this “best of” episode of T. Rowe Price's CONFIDENT CONVERSATIONS® on Retirement podcast, we revisit some of the most impactful and inspiring clips from the past three seasons.

Stocks slipped in midday trading, but AI was a standout performer after Nvidia CEO Jensen Huang's comments to Overtime about demand for its Blackwell chips. T. Rowe Price's Dom Rizzo weighs in on the AI trade and what the next few years could look like. Claudia Sahm gives her take on the economy ahead of tomorrow's major jobs report. Plus, Christie's CEO Guillaume Cerutti on the art market and luxury spending levels. 

Tech outperformed on the session as stocks try to claw back last week's losses. Vital Knowledge's Adam Crisafulli and Truist Co-CIO Keith Lerner break down the market action while T. Rowe Price's Tony Wang on the tech trade and top under-the-radar picks. ServiceNow stock hit an all-time high after introducing its newest AI offering: Xanadu. CEO Bill McDermott talks adoption of the company's products in the new AI age. Piper Sandler analyst Scott Siefers on what happened today to drag down the financial sector stocks. 

On today's podcast, we'll chat with two global asset-allocation specialists, Omar Aguilar from Charles Schwab and Sébastien Page from T. Rowe Price. Omar is CEO and chief investment officer for Schwab Asset Management. Before joining Schwab in 2011, he worked at a variety of firms including Financial Engines, ING Investment Management, Lehman Brothers, Merrill Lynch Investment Management, and Bankers Trust.And Sébastien Page is head of Global Multi-Asset Investing at T. Rowe Price, where he oversees a team of investment professionals dedicated to the firm's multi-asset portfolios. He's a member of T. Rowe Price's Asset Allocation Committee, and he's also a member of the Management Committee of T. Rowe Price Group. Prior to joining the firm in 2015, Sébastien was an executive vice president at Pimco, where he led a team focused on research and development of multi-asset solutions. And he was a senior managing director at State Street Global Markets before that.BackgroundBios: Omar AguilarSébastien PageBeyond Diversification: What Every Investor Needs to Know About Asset Allocation, by Sébastien PageCurrent Economic Environment“Eight Ways RIAs, Investors View Markets Over the Next Year: Schwab,” by Dinah Wisenberg Brin, thinkadvisor.com, June 14, 2024.“The Fed Will Now Focus on Unemployment and Labor Markets, Says Charles Schwab's Omar Aguilar,” Video interview on Closing Bell: Overtime, cnbc.com, July 15, 2024.“All Eyes on Central Banks,” 2024 Global Market Outlook Midyear Update, troweprice.com, June 2024.“Inflation's Ripple Effect on the Economy,” Market Overtime interview with Omar Aguilar, youtube.com.“Why a Weaker Jobs Market Is Sparking Recession Fears,” by Scott Horsley, npr.org, Aug. 2, 2024.“Inflation Coming Down Too Fast Could Hurt Earnings, Says T.Rowe Price's Sebastien Page,” Video interview on Closing Bell: Overtime, cnbc.com, Jan. 30, 2024.“The Four Horsemen of the Recession,” by Sébastien Page, linkedin.com, June 2, 2023.“US Economy in ‘Solid Position' Despite Slowing Job Growth, Says Schwab's Aguilar,” Video interview on Squawk on the Street, cnbc.com, Aug. 4, 2023.“Special Topic: Can the Fed Cut Rates With Financial Conditions This Loose?” by Sébastien Page, linkedin.com, June 27, 2024.“2024 Global Market Outlook: Tectonic Shifts Create New Opportunities,” by Arif Husain, Sébastien Page, and Justin Thomson, linkedin.com, Dec. 21, 2023.Asset Allocation“Perspective: Asset Classes Versus Risk Factors or Asset Classes and Risk Factors?” by Sébastien Page, The Journal of Portfolio Management, Dec. 31, 2023.“The Myth of Diversification Reconsidered,” by William Kinlaw, Mark Kritzman, Sébastien Page, and David Turkington, The Journal of Portfolio Management, August 2021.“Personalized Target-Date Funds,” by Kobby Aboagye, Sébastien Page, Louisa Schafer, and James Tzitzouris, The Journal of Portfolio Management, March 2024.“The Hottest Debate in Asset Allocation: Value vs. Growth Stocks,” by Sébastien Page, linkedin.com, April 25, 2024.“The Sector X-Ray,” by Sébastien Page, linkedin.com, Aug. 31, 2023.Valuation and Interest Rates“When Valuation Fails,” by Sébastien Page, linkedin.com, May 29, 2024.“Relative Valuation: A Crucial but Imperfect Guide,” by Sébastien Page, linkedin.com, Feb. 8, 2024.“Is the Market Broadening?” by Sébastien Page, linkedin.com, Jan. 8, 2024.“Let's Get Real (About Interest Rates),” by Sébastien Page, linkedin.com, March 7, 2024.Other“The Sahm Rule Recession Indicator Definition and How It's Calculated,” by Mallika Mitra, Investopedia.com, Aug. 5, 2024.

In the latest episode of the "Capitalist Investor" podcast, hosts Derek and Luke dive deep into the nuances of retirement planning, with a special focus on target date mutual funds.  1. Target Date Mutual Funds: An OverviewThe episode kicks off with Derek and Luke explaining what target date mutual funds are. These funds, offered by financial custodians like Fidelity and T. Rowe Price, aim to simplify retirement planning. They are named after a target retirement year and automatically adjust asset allocation over time as one gets closer to retirement. For instance, a 2045 fund will be more aggressive today but will gradually become more conservative as 2045 approaches.2. Pros and Cons of Target Date FundsThe hosts delve into the advantages and disadvantages of using target date funds. On the plus side, they offer a hands-off approach to investing, as they automatically become less aggressive with time. However, this automation could lead to timing issues, as these funds do not adjust based on current market conditions, potentially leading to suboptimal performance.3. Hidden Costs and High FeesLuke highlighted a critical drawback of target date funds: their fees. While they provide a convenient way to invest, they often come with higher expense ratios that can eat into your returns. Luke mentioned that fees can be as high as 1% annually, and these costs might not justify the simplicity they offer, especially when you consider that these funds often just track standard indexes like the S&P 500 and the aggregate bond index.4. The Importance of Active ManagementThe hosts stress that while target date funds are designed to be a set-and-forget option, they lack the flexibility to respond to market changes. This lack of adaptability can result in missed opportunities or heightened risks. Luke pointed out that the evolving job market means younger investors are less likely to stay with one employer—and one 401(k)—for decades. This shift makes active management even more crucial.5. Rethinking Conventional Wisdom on Investment StrategiesToward the end of the episode, Luke challenges the traditional wisdom that simply investing in the S&P 500 for 40 years will guarantee wealth. He notes that relying solely on historical performance might be risky in our current economic environment. Luke suggests that even for young investors, a more balanced approach—like a 60/40 portfolio—might offer better risk-adjusted returns.The latest episode of "The Capitalist Investor" sheds light on the complexities of target date mutual funds and the broader landscape of retirement planning. With thoughtful insights into the pros and cons of these funds, the importance of active management, and the need to question conventional wisdom, Derek and Luke offer valuable advice for investors at all stages of their financial journey. Whether you're a young professional or nearing retirement, this episode is packed with information that could help you make more informed investment decisions.

Steve Csobaji has been in the Pension and Retirement Plan industry since 2000. He holds a B.A. from Denison University, a master's degree in management from Marymount University, and a Certificate in Financial Planning from Georgetown University. His career includes roles at T. Rowe Price, PNC Bank, Charles Schwab Retirement Plan Services, TIAA, and the National Rural Electric Cooperative Association, where he managed various Employer Benefit Plans. Steve has advised clients at all levels, from C-Suite to rank-and-file employees. Currently, Steve manages Quest's Dallas office and works on the sales team, specializing in Self-Directed IRAs and tax-advantaged accounts like Roth IRAs, SEP IRAs, Solo 401(k)s, and Health Savings Accounts. He is a frequent speaker at industry conferences nationwide. His clients invest in a range of private assets, including real estate, private entities, and promissory notes. Steve recently earned the Certified IRA Services Professional title from the American Bankers Association. To get in touch with Steve, reach out to him on this toll-free number: 855-FUN-IRAS Keeping it Real Estate is brought to you by Granite Towers Equity Group, helping investors create passive income through multifamily real estate. To get in touch with the founders of Granite Towers, Mike Roeder and Dan Brisse, visit https://www.granitetowersequitygroup.com/contact

On May 29, there is one investing account that deserves a celebration. First up, (00:21) Ricky Mulvey and Bill Barker break down earnings from Chewy, Dick's Sporting Goods, and CAVA. Then, (16:16) Robert Brokamp discusses the fundamentals of 529 Plans and saving for college with Roger Young, CFP and Thought Leadership Director at T. Rowe Price. Check out Pivotal with Hayete Gallot: https://pivotal-with-hayete-gallot.cohostpodcasting.com/ Companies discussed: CHWY, DKS, CAVA Host: Ricky Mulvey Guests: Bill Barker, Robert Brokamp, Roger Young Engineers: Dan Boyd, Austin Morgan Learn more about your ad choices. Visit megaphone.fm/adchoices

The Dow's fresh 40k milestone reminds us that the index isn't all about industrials, and that it's caught up with the tech-heavy times. (00:21) Jason Moser and Matt Argersinger discuss: - The Dow Jones at 40k, and a look back at the major companies that have led the exchange as it's moved from traditional industrials and manufacturing to other industries. - Why the current market environment is helping Walmart reach new customers and leaving Home Depot shoppers on deferral mode.  - The latest addition to Warren Buffett's portfolio: Chubb. (19:11) Whole Foods co-founder John Mackey talks through lessons learned about life and business and his upcoming book The Whole Story. (35:02) Jason and Matt break down two stocks on their radar: Shopify and T. Rowe Price.. Stocks discussed: WMT, HD, CB, BRK.A, BRK.B, GOOG, GOOGL, SHOP, TROW Host: Dylan Lewis Guests: Jason Moser, Matt Argersinger, John Mackey Engineers: Dan Boyd Learn more about the Range Rover Sport at www.landroverusa.com Learn more about your ad choices. Visit megaphone.fm/adchoices