Paul Merriman http://paulmerriman.com Tue, 15 Aug 2017 19:17:15 +0000 en-US hourly 1 https://wordpress.org/?v=4.8.1 50 Facts Every Investor Should Know http://paulmerriman.com/50-facts-every-investor-know/ Wed, 09 Aug 2017 10:00:54 +0000 http://paulmerriman.com/?p=12136 In just 50-minutes, Paul covers 50 of the most important investment ideas, each of which should lead to better returns, less risk and greater peace of mind. This is the audio portion of a video you can see at Paul’s website. Be sure to click here  to access key supporting materials for this presentation. Warren Buffett […]

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In just 50-minutes, Paul covers 50 of the most important investment ideas, each of which should lead to better returns, less risk and greater peace of mind. This is the audio portion of a video you can see at Paul’s website. Be sure to click here  to access key supporting materials for this presentation.

Warren Buffett says, “To be a success one only has to do a very few things right, as long as they don’t do too many things wrong.” 

This list of 50 includes all of the things you need to do right along with a bunch of things most investors do wrong. It shows how investing really works, so we don’t get sucked into expensive sales pitches that likely will make the sales person more than the investor.  

Produced by the Washington State Society of CPAs for its members’ continuing education credit.

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Beyond Buffet: Everything You Need to Know about Value Investing http://paulmerriman.com/beyond-buffet-everything-need-know-value-investing/ Wed, 02 Aug 2017 10:00:00 +0000 http://paulmerriman.com/?p=12115   Paul shares the latest research on how to combine value portfolios with other asset classes to produce low-risk portfolios appropriate for those saving toward retirement as well as those taking distributions in retirement.  Learn five important keys to selecting those value funds most likely to produce the best returns, including the names that Paul […]

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Paul shares the latest research on how to combine value portfolios with other asset classes to produce low-risk portfolios appropriate for those saving toward retirement as well as those taking distributions in retirement.  Learn five important keys to selecting those value funds most likely to produce the best returns, including the names that Paul includes in his own portfolios. Learn how adding a single value fund can double the return of a Vanguard or Fidelity target date fund. You can also view this podcast as a video on Paul’s website home page.  To take maximum advantage of this presentation, click here to view resource materials. 

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Asset allocation, market timing and private equity long-term returns http://paulmerriman.com/asset-allocation-market-timing-private-equity-long-term-returns/ Wed, 26 Jul 2017 10:00:14 +0000 http://paulmerriman.com/?p=12101 This podcast covers three topics which are the source of many questions. Asset allocation starts with a recent interview from Vanguard titled, “Strategies for constructing globally diversified portfolios.”  In the other two topics, Paul addresses a number of popular alternative investments. He references a recent study on long-term returns for private equity funds (1984-2016) and compares them […]

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This podcast covers three topics which are the source of many questions. Asset allocation starts with a recent interview from Vanguard titled, “Strategies for constructing globally diversified portfolios.”  In the other two topics, Paul addresses a number of popular alternative investments. He references a recent study on long-term returns for private equity funds (1984-2016) and compares them to the S&P 500, small cap value, commodities and U.S. T-Bills and Government Bonds. Click to read, “ How Do Private Equity Investments Perform Compared to Public Equity?” Based on his 50 years experience, Paul discusses market timing, another way to invest defensively. If interested in how the Leveraged Global Opportunity Fund works, you can read about it on page 21 in the following pdf:  https://www.merriman.com/Disclosures/ADV.pdf

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Rebalancing, financial facts over 70, new Callan Tables and more http://paulmerriman.com/rebalancing-financial-facts-70-new-callan-tables/ Wed, 19 Jul 2017 10:00:43 +0000 http://paulmerriman.com/?p=12060 Covering a lot of ground in this podcast, Paul discusses rebalancing your portfolio, an AARP article on “What to expect in your 70s and beyond,” the new Callan Periodic Tables for U.S. Equity Investment Returns, the Lipper Performance Report for the 25 Largest Funds, and an update on his recommended portfolios at Motif Investing.    See the Callan Periodic […]

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Covering a lot of ground in this podcast, Paul discusses rebalancing your portfolio, an AARP article on “What to expect in your 70s and beyond,” the new Callan Periodic Tables for U.S. Equity Investment Returns, the Lipper Performance Report for the 25 Largest Funds, and an update on his recommended portfolios at Motif Investing
 
See the Callan Periodic Tables for U.S. Equity Investment Returns: https://www.callan.com/wp-content/uploads/2016/09/Callan-PeriodicTable_Collection_2017.pdf
 

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14 Q&A’s for Sound Investing listeners http://paulmerriman.com/14-qas-sound-investing-listeners/ Wed, 12 Jul 2017 10:00:16 +0000 http://paulmerriman.com/?p=12048 Paul answers 14 questions recently posed to his email account, info@paulmerriman.com. Given the amount of email Paul receives, he again asks that you keep your questions short and general, as he cannot answer to personal situations. For hundreds more Q&A’s, please visit the archive at his website, under “Ask Paul”.  A very special thanks to one of […]

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Paul answers 14 questions recently posed to his email account, info@paulmerriman.com. Given the amount of email Paul receives, he again asks that you keep your questions short and general, as he cannot answer to personal situations. For hundreds more Q&A’s, please visit the archive at his website, under “Ask Paul”.  A very special thanks to one of our listeners, David Klawiter, of the Center for Creative Computing, University of Notre Dame, for taking it upon himself to provide the time stamps!
 
1.  Do you think it’s a problem that there are fewer small cap companies available?  (02:18
 
2.  How do you decide to use higher cost actively-managed funds in a 401(k) plan?  (08:05)
 
3.  How do you explain that small-cap blend funds made more money than small-cap value funds?  (11:38)
 
4.  Do you think small-cap value funds are a big risk since they only represent 3% of all public companies?  (19:28)
 
5.  Your distribution tables assume a 1% management fee.  If I don’t pay the management fee can I take out 5% instead of 4%?  (25:02)
 
6.  When are your new Motif portfolios going to be available?  What kind will they be?  (30:47)
 
7.  Do you recommend a UGMA account for your “$3000 to $50 million” account for 2 year old?  Do you still recommend VTWV?  (33:55)
 
8.  Should I continue to use your Microsoft 401(k) recommendations as I am leaving the company?  (37:47)
 
9.  Why did you change your Vanguard Emergency Portfolio recommendation from Vanguard Short-Term Investment Grade (VFSTX) to Vanguard Short-Term Corp. Index Admiral (VSCSX)?  (40:24)
 
10. Have you run the variable distribution tables for 7%, 8% and 9%?  (42:09)
 
11. Can you recommend a good financial planner who only bills by the hour?  (46:02)
 
12.  Do you plan to remain active as long as John Bogle?  (47:43)
 
13.  Can you tell me what underlying investments you recommend for the various stock/fixed income mixes?  Are they indexes or actively-managed funds? Do you recommend amounts for each funds that you recommend?  (48:25)
 
14.  Do you agree with Wade Pfau’s criticism of DALBAR’s studies? (50:14)

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Why picking stocks is only slightly better than playing the lottery http://paulmerriman.com/why-picking-stocks-slightly-better-playing-lottery/ Wed, 05 Jul 2017 10:00:44 +0000 http://paulmerriman.com/?p=12036 PLUS a new index study and 6-month and 15-year returns for DFA and Vanguard   Paul’s MarketWatch.com article, “Why picking stocks is only slightly better than playing the lottery” has such a provocative title that he was not surprised to get a lot of responses. Because the title was intended tongue-in-cheek, he was surprised how many took it […]

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PLUS a new index study and 6-month and 15-year returns for DFA and Vanguard
 
Paul’s MarketWatch.com article, “Why picking stocks is only slightly better than playing the lottery” has such a provocative title that he was not surprised to get a lot of responses. Because the title was intended tongue-in-cheek, he was surprised how many took it seriously. But there was much to learn about investors’ beliefs in those responses. (see original article and comments here).
 
In the first part of this podcast (up to minute 45:08) Paul reviews the Bessembinder Study  “Do Stocks Outperform T-Bills?” so investors understand why this research is important. Then he responds to many of the more interesting comments regarding the article. The podcast continues with a review of the first 6-month and 15-year performance for DFA and Vanguard funds that represent the asset classes Paul thinks equity investors should own. He also discusses the returns of the average fund in each asset class and why those numbers are misleading. 

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10 lessons from meeting with John “Jack” Bogle http://paulmerriman.com/10-lessons-jack-bogle-king-index-funds/ Wed, 28 Jun 2017 10:00:03 +0000 http://paulmerriman.com/?p=12014 Paul recently met for 90-minutes with Jack Bogle, founder of the Vanguard Family of Funds. Paul reflects on the main topics of the meeting, including what research Jack trusts, why he limits his recommendations to U.S. large cap companies, why the S&P 500 fund offering was almost cancelled, how much luck had to do with […]

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Paul recently met for 90-minutes with Jack Bogle, founder of the Vanguard Family of Funds. Paul reflects on the main topics of the meeting, including what research Jack trusts, why he limits his recommendations to U.S. large cap companies, why the S&P 500 fund offering was almost cancelled, how much luck had to do with his success, why so many people happily under-perform the S&P 500, why he doesn’t think adding extra small cap value is a mistake for most investors, and how Vanguard and DFA clients differ.

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Getting the most out of your 401k http://paulmerriman.com/getting-the-most-out-of-your-401k/ Wed, 21 Jun 2017 10:00:20 +0000 http://paulmerriman.com/?p=12003 What’s wrong with 401k’s and what can investors do to improve the outcome? Paul poses answers to these questions plus tells the story behind his suggested 401k portfolios, starting in 2011. His intention was to update those plans as the companies made changes.  For a number of reasons the updates didn’t get done.  Now, with […]

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What’s wrong with 401k’s and what can investors do to improve the outcome? Paul poses answers to these questions plus tells the story behind his suggested 401k portfolios, starting in 2011. His intention was to update those plans as the companies made changes.  For a number of reasons the updates didn’t get done.  Now, with the help of Tom Cock and Vestory personnel, along with some input from Paul, updates of most of those 100 plans will be coming soon. We need your help in getting us the investment choices those 100 companies are now offering.  When we get caught up with those plans, the intention is to expand the list to many more companies.
 

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Invest now or wait for the next correction http://paulmerriman.com/invest-now-wait-next-correction/ Wed, 14 Jun 2017 10:00:16 +0000 http://paulmerriman.com/?p=11995   In this first-ever interview by Paul for his weekly podcast, he speaks with blogger and columnist Rob Berger of doughroller.net about some of the most difficult questions investors face in this high flying market.  Like Paul, Rob educates the public with many valuable recommendations and resources.  They discuss the best ways to plan and track your finances […]

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In this first-ever interview by Paul for his weekly podcast, he speaks with blogger and columnist Rob Berger of doughroller.net about some of the most difficult questions investors face in this high flying market.  Like Paul, Rob educates the public with many valuable recommendations and resources.  They discuss the best ways to plan and track your finances and investments, Rob’s advice to do-it-yourselfers, and some of the most important considerations for all investors. Here are two links related to Vanguard’s Advisory Service, which is discussed on this podcast: http://www.doughroller.net/investing/vanguard-advisory-services-review/ and http://www.doughroller.net/investing/vanguard-investment-advisory-services/
 

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Flexible retirement distributions 2017 update http://paulmerriman.com/flexible-retirement-distributions-2017-update/ Wed, 07 Jun 2017 10:00:04 +0000 http://paulmerriman.com/?p=11956     In the last podcast, Paul focused on accessing retirement distributions for those using fixed distributions with adjustments for inflation.  This approach is particularly suited for investors who retire without a lot of extra money saved.  If you have not listened to the last podcast, Paul strongly suggests you take the time to learn about the reasons […]

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In the last podcast, Paul focused on accessing retirement distributions for those using fixed distributions with adjustments for inflation.  This approach is particularly suited for investors who retire without a lot of extra money saved.  If you have not listened to the last podcast, Paul strongly suggests you take the time to learn about the reasons he suggests a limit of 4%, plus inflation, be used as the distribution rate.
 
In this new podcast, Paul shows how more than 4% can be taken out of the retirement account, without fear of outliving your money.  In fact, it is likely that many retirees could safely take as much as 6% a year.  Using a flexible distribution strategy, an investor is likely to take out much more money with much less risk.
 
To make the presentation most meaningful please print out distribution tables 2, 3, 7, 11, and 52.  They are available as a group here.

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