WEALTHTRACK

With Zero Stocks in His Portfolio, Robert Kessler Is Sleeping Much Better.

5 snips
Apr 4, 2025
Robert Kessler, a retired treasury bond manager and CEO of Kessler Investment Advisors, shares his bold stance on investing without stocks. He critiques the 'stocks for the long run' belief, revealing why he's fully divested from equities. Kessler highlights current market volatility and the risks of high stock valuations, urging listeners to consider safer assets like short-term treasuries. He also addresses tax implications that steer investors away from profit-driven decisions, advocating for a diversified and cautious approach to navigating financial uncertainties.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ADVICE

Sell Overpriced Stocks

  • Consider selling your entire stock portfolio if prices are excessively high, especially nearing retirement.
  • You can always buy stocks back later at a better price.
INSIGHT

Long-Term Fallacy

  • The "stocks for the long run" mantra is misleading; stocks can decline for extended periods.
  • Be wary of advisors promoting "long-term" investments, as they benefit from you staying invested.
ANECDOTE

Dow Jones Stagnation

  • The Dow Jones remained stagnant at 1,000 from around 1967 to 1982/83.
  • This highlights that markets can be volatile and take substantial time to recover or grow again.
Get the Snipd Podcast app to discover more snips from this episode
Get the app