Sa For Fas

TD Ameritrade commissioned the Harris Poll to understand the rise of “unretirees,” the now majority of people who plan to continue working in a paid position after reaching retirement age. This podcast (5:53) argues that financial necessity is likely to be the key reason for this unsalutary trend, and that it is connected to the way people “benchmark,” as it were, their standard of living to that enjoyed by their peers.Learn more about your ad choices. Visit megaphone.fm/adchoices

A UBS survey of 3,400 clients shows the ultra-wealthy group moving into cash, with these investors “fearing” or “bracing for” a major market sell-off. But if you look behind the headlines at their actions and views, these are not fearful but rather patient investors. This podcast (5:31) argues that patience is action based on a thoughtful consideration of investment reality – the reality that the masses buy high and sell low, such that these wealthy investors are preparing to do the opposite.Learn more about your ad choices. Visit megaphone.fm/adchoices

Prowling the internet for free advice is no substitute for an advisor-client relationship, since life circumstances are always changing. This podcast (4:36) argues that just as the price of liberty is eternal vigilance, so too the price of financial freedom is the sort of vigilance provided by financial advisors.Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s understandable why large pension funds or insurance companies would buy negative-yielding bonds, and it’s pretty clear why central banks do, but why would ordinary investors do so? This podcast (6:34) suggests that while negative-yielding bonds can pay off under certain circumstances, their zero or negative yields strengthen the case for zero- or negative yielding cash or gold which serve as effective hedges but with greater flexibility.Learn more about your ad choices. Visit megaphone.fm/adchoices

A new report by the Empower Institute, called “The Over-Stated Retirement Crisis,” challenges the generally dim view of Americans’ retirement readiness, citing a massive growth in retirement assets over the past several decades. This podcast (7:12) counters that a massive increase in consumer liabilities over the same period confirms there is a crisis, but argues that advisor encouragement of asset growth can compensate for today’s excess of consumer credit.Learn more about your ad choices. Visit megaphone.fm/adchoices

Protecting against the downside is the first step in investing. This podcast (4:16) argues that advisors should encourage clients to reduce risk and aspire to steady returns as the best means of attaining long-term solvency and stability in their financial lives.Learn more about your ad choices. Visit megaphone.fm/adchoices

DoubleLine bond manager Jeffrey Gundlach tells Switzerland’s Finance and Economy publication that it’s time to prepare for a downturn. This podcast (4:51) credits Gundlach with some astute observations, but notes that he’s issued plenty of doomsday warnings throughout years of the market’s relentless ascent. The moral of the story is thus that we should always be prepared for a downturn – and positioned for an upturn – and not wait for portfolio-manager pronouncements.Learn more about your ad choices. Visit megaphone.fm/adchoices

It takes $26 to buy what one dollar could buy in 1913. So why should retirees want dollars, which may fare even worse in the coming decades? This podcast (5:38) argues that disparaging cash as trash misses a paradox that Warren Buffett penetratingly expressed, that “in order to succeed, you must first survive.” With enough cash not just to meet their expenses but to re-risk their portfolios with new stock investments – retirees can both survive and thrive.Learn more about your ad choices. Visit megaphone.fm/adchoices

ETFguide.com founder Ron DeLegge’s new book, Habits of the Investing Greats, proposes that investing success and character are intimately related. In this podcast (18:25), DeLegge makes this link explicit by suggesting how we can emulate Stanley Druckenmiller’s responsibility, Anne Scheiber’s thrift and steer clear of the disorganization that led one investor to seriously undermine his family financially. DeLegge concludes with the suggestion that advisors give their clients homework that will strengthen the traits that undergird investment success.Learn more about your ad choices. Visit megaphone.fm/adchoices

A new Harvard study finds that about one-third of Americans age 65 or older are being ravished by the costs of housing. This podcast (6:45) suggests that financial advisors who focus on investment securities alone are withholding the holistic view of their clients’ finances that is increasingly needed, given the trends brought out by this academic study.Learn more about your ad choices. Visit megaphone.fm/adchoices

Harry Dent, author of Zero Hour and editor of Economy and Markets.com, explains why he anticipates the “crash of a lifetime.” His message is that now is not a time for “just re-allocating.” In this podcast interview (26:05), Dent discusses the technological, demographic and geopolitical reasons for a crash he expects to register at no less than 70%. The next three years, he says, is a time to just “get out of the way.”Learn more about your ad choices. Visit megaphone.fm/adchoices

Harvard professor Teresa Amabile, writing in the academic journal Work, Aging and Retirement, argues that retirement research is overwhelmingly quantitative, to the detriment of the field. She calls for more qualitative research into areas such as post-retirement identity. This podcast (5:02) proposes that financial advisors have a front-row view of these issues, could break ground in the area, or become valuable resources for academic researchers.Learn more about your ad choices. Visit megaphone.fm/adchoices

Money is fleeing to safety, economic growth is fizzling out and political tensions are always just a spark away from igniting, yet U.S. stock indexes are reaching new highs. For those with the guts to stay invested at a time like this, the logical strategy is to buy the margin of safety offered by value stocks, an approach Seeking Alpha contributor Mario Glogovic outlines in a recent article. This podcast (5:40) extols the virtues of remaining cautiously pessimistic by staying invested yet armed with lots of liquidity, in the same way that not being too greedy benefits investors in giddier times. In other words, it rejects being all-in or all-out at different phases of the market cycle.Learn more about your ad choices. Visit megaphone.fm/adchoices

A listener recently sent me a note asking what advice I would offer a new advisor just staring out. This podcast (6:17) proposes that rookies need to address both the substance and business of financial advice. From the business perspective, advisors must let people in their target audience know that they help people like them meet the retirement challenge.Learn more about your ad choices. Visit megaphone.fm/adchoices

Seeking Alpha contributor Ploutos proposes an intriguing approach to timing one’s purchases of gold based on calculating “gold yield,” which cleverly adapts earnings-yield analysis to the yellow metal. This podcast (3:58) argues in favor of using gold yield as a rough guide, but cautions advisors to look out for further validation of this formulation over the coming decades.Learn more about your ad choices. Visit megaphone.fm/adchoices

The Center for Retirement Research investigates what would improve a situation in which 50% of workers are set to have less income in retirement than during their working lives. Its study’s headline finding emphasizes the benefit of remaining in the workforce two additional years. But this podcast (4:32) highlights another finding, likely of greater interest to advisory clients, namely the Center’s finding that younger investors do see big gains from modest savings increases.Learn more about your ad choices. Visit megaphone.fm/adchoices

A recent study commissioned by Charles Schwab and conducted by Cerulli Associates aims to help financial advisors incorporate behavioral finance into their practices. This podcast (5:50) argues that while behavioral finance provides interesting research opportunities for academics, the field remains something of a nothing-burger for most clients.Learn more about your ad choices. Visit megaphone.fm/adchoices

Chris Moody, a political journalist laid off by CNN, used the opportunity occasioned by his financial dislocation, to search for a redefined American Dream. I offer my takeaways as to the relevance of Moody’s experience to clients planning their retirements. Specifically, this podcast (5:20) argues that just as we need to allocate our clients’ investment assets properly, clients’ goal-setting requires thought about the ideal allocation of their time and the right balance as to how much wealth will really benefit them.Learn more about your ad choices. Visit megaphone.fm/adchoices

Heading for the exits in a market panic is a powerful human instinct. Is there a successful model for moving forward onto the battlefield in the midst of a slaughter? Yes – that’s exactly what soldiers are trained to do. Napoleon was especially adept at keeping his army moving forward. This podcast (5:02) argues that advisors waging war against harsh markets and galvanizing dispirited clients could benefit from some Napoleonic strategizing. The first step is drawing up battle plans ahead of time.Learn more about your ad choices. Visit megaphone.fm/adchoices

The premise of “The Millionaire Next Door” was that ordinary people could become wealthy, by spending less than they earn. Medical research suggests that financial stress is highly associated with heart attack. The common denominator of these findings is that removal of stress is beneficial. Interestingly, research shows advised investors enjoy more than twice the rate of peace of mind than the unadvised. This podcast (4:42) argues that by helping clients save and invest and by imparting a sense of knowing where we’re going, advisors play a big part in their clients’ well-being. Learn more about your ad choices. Visit megaphone.fm/adchoices