Gold prices are soaring to near-record highs, prompting a deep dive into whether it's a wise investment. Central banks are boosting demand, which could reshape investment strategies. The discussion reveals gold's mixed reputation as an inflation hedge and its unpredictable nature. Misconceptions about gold's long-term performance are challenged, highlighting its lack of yield. The importance of a holistic financial approach rather than reactive market timing is emphasized. A must-listen for anyone curious about gold's role in their portfolio!

David Booth, co-founder of Dimensional Fund Advisors, shares insights from his journey in transforming finance with evidence-based strategies. He discusses how academic research has challenged traditional stock-picking, emphasizing markets as efficient information processors. Booth highlights the importance of human ingenuity in driving long-term returns and how investors can distinguish valuable data from distractions. He also addresses common barriers to adopting scientific investing methods and offers advice to those starting their financial journeys.

Constantly checking your investments might be sabotaging your returns. It’s linked to a psychological trap known as myopic loss aversion, where emotional decisions stem from frequent monitoring. Discover how market volatility can distract you from long-term goals and learn actionable strategies to minimize portfolio checks. Focusing on the bigger picture can lead to smarter investment choices and improved financial outcomes. Say goodbye to short-term anxiety and embrace a more calculated approach to growing your wealth!

Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, shares his expert insights on the economic landscape for 2025. He discusses how economic forecasts are formulated and their significance for investors. Kelly examines the projected GDP growth, inflation, and interest rates, alongside the potential impacts of tax changes and tariffs. He highlights the importance of global diversification and evaluates the speculative nature of the 'Magnificent Seven' stocks. Lastly, he delves into the dual impacts of AI on jobs and investment strategies.

Charley Ellis, a legendary investor and author of influential books, shares insights on why most investors struggle to outperform the market. He explains how investing has become a 'loser's game', where mistakes by others often dictate individual strategies. The conversation delves into the shift towards professional money management, highlighting the challenges faced by individual investors. Ellis advocates for index funds as a reliable long-term strategy, emphasizing a disciplined approach to investing and the importance of minimizing losses.

The discussion dives into the hidden risks of over-relying on U.S. stocks, emphasizing that what goes up doesn't always stay up. It highlights historical cycles, revealing how market dominance shifts. Valuation gaps between U.S. and international stocks present new opportunities for savvy investors. Listeners are encouraged to confront their psychological biases and consider global diversification as a strategy for long-term success, risk management, and minimizing regret.

The retirement you’ve worked so hard for should be more than just financially secure—it should be truly fulfilling.  In this episode, Benjamin Brandt, financial planner and host of the award-winning Retirement Starts Today podcast, reveals how to break free from limiting mindsets and create a retirement plan that prioritizes your passions, values, and connections. Whether you’re on the cusp of retirement or already enjoying it, this conversation will challenge how you think about retirement and offer a fresh perspective on what truly matters. Listen now and learn: How to shift from a scarcity mindset to one that maximizes joy, experiences, and memories. Why common financial tools may unintentionally limit your potential—and how to reframe them for greater fulfillment. Actionable tips for building meaningful connections and creating a legacy through shared experiences. How to redefine your identity and purpose as you transition into retirement. Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions. (00:00) Introduction (01:45)  Abundance vs. Scarcity in Retirement Planning  (04:12) The Time Machine Thought Experiment (10:35) Rethinking Monte Carlo Analysis and Retirement Success Rates (16:40) Creating Memories That Last Beyond Retirement (23:21) Preparing Emotionally for Retirement (24:55) Connect with Ben Brandt

Sign up for my newsletter so that you don’t miss special offers and exclusive content. How much money do you really need to retire? It’s one of the most important—and personal—questions in financial planning. This episode explores two popular retirement savings benchmarks, and explains why they may or may not work for you.   But benchmarks are just the beginning. Peter dives into personalized strategies to calculate your income replacement rate and portfolio withdrawal needs, revealing the key factors that make retirement planning unique for everyone.    If you’re ready to take the guesswork out of retirement planning and learn what it takes to build a future you can feel good about, this episode is for you!   Listen now and learn: How much you should have saved at each age Why income replacement rates vary—and what yours might be How to estimate your retirement portfolio needs with real-world examples The tools Plancorp uses to help clients plan for success Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Ready to retire but uncertain about your next steps? Let’s build a retirement plan you can count on. Schedule a call with Peter now. Sign up for the newsletter for exclusive content. -----  In this episode, I’m sharing a great conversation I had with Adam Cmejla, CFP® on his podcast, 20/20 MONEY. We talked about something that’s changing the way people invest: direct indexing. Not familiar with direct indexing? Don’t worry, you’re not alone. We break it down in a simple way so you can see how it might work for you. We also chatted about how strategies like tax loss harvesting can help you manage your investments more efficiently, especially if you own a business or are preparing for a major financial milestone, like selling a practice. I’m excited to share this conversation with you in hopes you’ll be able to learn practical and approachable ways you can make more thoughtful, informed decisions with your money. Listen now and learn: ► What “direct indexing” is and how it can help you save on taxes. ► Why tax loss harvesting is a game-changer for your financial plan. ► How investing is about much more than just returns. Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions. (01:36) What is Direct Indexing? (06:02) Tax Loss Harvesting Explained (13:59) The Evolution of Investing (19:33) Use Cases for Business Owners (25:07) Accumulation vs. Decumulation (31:00) Risks and Misconceptions (38:06) Future of Direct Indexing

Ready to retire but uncertain about your next steps? Let’s build a retirement plan you can count on. Schedule a call with Peter now.   Sign up for the newsletter for exclusive content. -----  Do you know what to look for when hiring a financial advisor? Choosing a high-quality advisor can feel overwhelming, with countless titles, credentials, and compensation structures to navigate. In this episode, we discuss core items to look for, a framework to identify an advisor who aligns with your goals, and how the fees could impact your retirement plan. Listen now and learn: The biggest myths about financial advisors that could cost you Why some advisors might not have your best interests at heart Key steps to simplify the process of finding the right financial partner Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.