The Long Term Investor

Discover where your money really goes with a handy Cash Flow worksheet! Explore the debate between income-focused and total return investing. Learn why relying solely on dividends might increase your risks. Uncover how a total return strategy can offer more flexibility and sustainability for your retirement. The conversation dives into behavioral traps of the income-only mindset and offers practical strategies for retirees to optimize their portfolios while navigating market fluctuations. Embrace a more secure financial future!

Fran Kinniry, a Senior investment executive at Vanguard known for his expertise in private investments, joins the conversation to dissect the allure of private equity and credit. He discusses the trend of companies remaining private longer and the implications for public markets. Kinniry emphasizes the significance of understanding the illiquidity premium and the criticality of manager selection for successful private investing. He also explores how these assets might one day find a place in retirement plans, reshaping investment strategies for the future.

Where is your money really going? Most people are surprised when they track it. Use my Cash Flow worksheet to see exactly where your money is going—and how to make it work for you. Download it now. ----- When markets drop, many investors wonder if it’s time to take action—and “buying the dip” sounds like a smart move. But is it really? In this episode, I break down when buying the dip makes sense, who should consider it, and the math behind why downturns can offer some of the best opportunities for long-term investors. Listen now and learn: ► How often market declines actually occur—and why they’re totally normal ► A powerful equation that reframes expected returns based on recovery time  ► Specific strategies for buying the dip during both accumulation and retirement phases  ► The biggest mistakes investors make when trying to time the market Whether you’re saving for retirement or already living off your portfolio, this episode will help you understand how to take advantage of volatility—without abandoning your plan. Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.   Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see disclosures here.  

Christine Benz, Morningstar’s Director of Personal Finance and author of How to Retire, explores the nuanced elements of retirement planning. She highlights the psychological challenges retirees face when shifting from saving to spending. Relationships and social networks play a vital role in a fulfilling retirement. Strategies for generating income in retirement spark debates among experts. Benz emphasizes the need for a mindset shift and shares insights on overcoming financial insecurities, making her insights invaluable for future retirees.

If you want to see what you may be overlooking, I’ve created a simple tool to help. In just 15 questions, my Financial Assessment will highlight key opportunities and gaps in your plan. You can take it now at www.smartmoneyquiz.com.  -----  Want stock market returns without the risk? Options-based strategies promise just that—but do they deliver? In this episode, Peter breaks down how these products work, what the research says, and whether there’s a better way to reduce risk in your investment portfolio.   Listen now and learn: ► What most investors misunderstand about buffered and defined outcome funds ► Surprising data from real-world funds–and what it means for your portfolio ► Why paying for protection doesn’t always protect you ► A simpler (and often smarter) way to reduce equity risk.   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.   Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see disclosures here.

Want to see what you may be overlooking in your finances? Discover your biggest opportunities in just 15 questions with my Financial Assessment.  -----  Markets are unpredictable in the short term, but history tells us that the long-term trend is clear.    Sam Ro, author of the TKer newsletter, joins me at the New York Stock Exchange to discuss the key principles that investors should keep in mind, regardless of daily market noise.    We explore the fundamental drivers of stock market returns, the importance of earnings, and the real risks that investors should focus on.   Listen now and learn: ► Why the long-term is undefeated in investing ► The reality of market volatility and short-term drawdowns ► How earnings drive stock prices over time ► Why the biggest risks are often the ones no one is talking about   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.   (03:39) Understanding Market Noise and Long-Term Investing (09:36) Embracing Market Volatility as the Cost of Long-Term Returns (13:09) Why Investors Rarely Get ‘Average’ Returns (16:15) The Key Driver of Stock Prices: Earnings (21:24) Index Turnover: How the Market Evolves Over Time (24:53) Valuations Matter, But Timing Is Tough (27:25) U.S. vs. International Stocks: A Shifting Landscape (30:42) The Stock Market and the Economy Are Not the Same (33:12) The Real Risks Are the Ones No One Sees Coming Disclosures: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.   The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.   References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see disclosures here: https://peterlazaroff.com/disclosure-info

Markets are always moving—should you? Peter can help you assess your investments, tax strategies, and long-term plan. Book a 1/1 call today. -----  With the S&P 500 reaching correction territory and economic data signaling a slowdown, it’s fair to ask: should investors be worried about a recession in 2025?   Listen now and learn: ► What’s really driving recent market volatility ► The difference between an economic slowdown and a recession ► Why staying invested is still your best strategy   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.   Disclosures: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.   The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.   References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.   Please see disclosures here: https://peterlazaroff.com/disclosure-info 

Markets are always moving—should you? Peter can help you assess your investments, tax strategies, and long-term plan. Book a 1/1 call with me today. -----  Risk is one of the most misunderstood concepts in finance, yet mastering it is crucial for long-term success. Economist, Bloomberg Opinion columnist, and author Allison Schrager joins me to break down what investors consistently get wrong about risk, how to think about the U.S. national debt, and why retirement planning needs a major shift.    Listen now and learn: ► The most common mistakes people make when assessing financial risk ► How to think about the national debt and what it means for investors ► The key to turning retirement savings into sustainable income ► Why global economic shifts could lead to more volatility for investors   (02:04) Rethinking Risk: Lessons from Hollywood, Poker, and Brothels (06:55) The U.S. National Debt: A Growing Concern or Manageable Risk? (12:48) Retirement, Pensions, and the Annuity Debate (26:33) Global Trade, Tariffs, and the Shift in Economic Thinking (30:24) The Rising Cost of Risk in a More Fragmented World (33:08) How to Think About Risk in Your Own Finances   Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

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.