Retire With Purpose - The Retirement Podcast
494: Beyond the Headlines: How Retirees Can Navigate Investment Risks with Larry Swedroe
Apr 14, 2025
In this discussion with Larry Swedroe, former Chief Research Officer at Buckingham Strategic Wealth and author of over 18 books, listeners dive deep into the world of evidence-based investing. Larry emphasizes the power of passive investing and its role in wealth-building. He discusses common emotional biases that lead to poor investment decisions and highlights the importance of a globally diversified portfolio. With insights on risk versus uncertainty, he provides retirees with essential strategies to navigate investment challenges confidently.
01:08:36
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Quick takeaways
- Passive investing is a transformative approach for wealth-building, outperforming active strategies over time due to its evidence-based nature.
- The psychological challenges of retirement, particularly for men, necessitate thoughtful planning beyond finances to ensure social engagement and purpose.
Deep dives
The Limitations of Gold as an Investment
Gold is often perceived as a hedge against inflation; however, historical data shows that it may not hold up as such over the long term. For instance, in a 23-year span from January 1980 to 2003, gold's price fell significantly, demonstrating an 86% real loss when adjusted for inflation. This stark performance challenges the narrative that gold is a reliable inflation hedge. Thus, it's essential for investors to critically assess the empirical evidence rather than rely solely on popular belief.
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