Retirees face two big challenges. The first is how to invest their retirement assets. The second is determining how much they can withdraw each year from their retirement portfolios. What many retirees don’t realize is these challenges can be greatly reduced by paying for essential retirement expenses from guaranteed income sources. Guaranteed income sources include Social Security, pension plans, and annuities. Surprisingly, only about 10% of retirees partially fund their retirement … [Read more...]
257: It’s Not Just Wealth That Compounds
How the power of compounding applies not only to wealth, but influence, expertise, and creativity. How non-monetary investments can lead to greater monetary wealth and satisfaction. In this episode you’ll learn: Why the rule of 72 and the power of compounding are hindered by portfolio losses.Why the sequence of returns impacts investment performance, but also our expectations.How what we experience in the world is made up of separate glimpses and events.What are non-monetary things … [Read more...]
236: How Investors Cope With Radical Uncertainty
How heuristics, filters and reasonable stories help us cope with radical uncertainty and have the courage to make investment decisions. In this episode you’ll learn: Strategies for coping with uncertainty.How to avoid being caught up in a bubble or mania.Why even central banks need a coping strategy.How money helps hedge against an uncertain future. Show Notes Centralverse.org The End of Alchemy: Money, Banking, and the Future of the Global Economy by Mervyn King To Help … [Read more...]
159: What You Need To Know About Volatility
What is volatility, what determines it and how to invest in it. But should you? In this episode you’ll learn: To learn more about investing in VIX ETFs, check out this helpful guide. Show Notes The Black Swan: The Impact of the Highly Improbable - Nassim Nicholas Taleb Antifragile: Things That Gain From Disorder - Nassim Nicholas Taleb The markets are quiet, Too quiet - Buttonwood - The Economist Grant's Podcast Artemis Capital Management Ned Davis … [Read more...]
158: How To Invest Like A Cockroach
How reserves, slack and simple rules of thumb help us deal with radical uncertainty. Why the next financial crisis is unlikely to be like the last one. In this episode you’ll learn: Show Notes The End of Theory: Financial Crisis, the Failure of Economics and the Sweep of Human Interaction - Richard Bookstaber Where the Water Goes: Life and Death Along the Colorado River - David Owen Sponsors Filter Buy 10% Discount Sanebox Health IQ Summary Article How To … [Read more...]
145: People Like Us Invest Like This
Our view of the world dictates how we should and should not invest. In this episode you'll learn: Show Notes Uncertainty - Lawrence M. Krauss - Edge Regression To the Mean - James J. O'Donnell - Edge Excerpts from Seth Klarman's 2016 year end letter to his clients as quoted in the New York Times Messy: The Power of Disorder To Transform Our Lives - Tim Harford Seth Godin Course on Presenting To Persuade Ultra-Easy Money: Digging The Hole Deeper? - William R. … [Read more...]
100: Navigating a Negative Carry World
What Harrison Ford can teach you about investing and living in a radically unpredictable, low investment return world. In this episode you'll learn: What is the primary narrative driving markets today.What are the two things that never change with markets.What is positive and negative carry.Why central banks implement negative interest rates.How low are interest rates around the world.How do we invest and live in a radically unpredictable, negative carry world. Show … [Read more...]
