The Seven Most Essential Books on Investing
Paul discusses his conversation with a 33-year-old man who was "freaking out" about his financial future, wanting to learn more and create a plan. Paul helps him determine how much he should have at 65, and the simple steps he can take now, as well in the future, to quell his panic and ensure a secure retirement. Listen and see if this advice helps you, or can be used to help young people you know.How To NOT "Freak Out" About Your Financial Future
In a new weekly column at MarketWatch.com, Paul suggested that one way to double your retirement income is to work an additional five years. The responses from readers ranged from outrage to bewilderment. In this podcast, Paul addresses these comments and elaborates on making life changing decisions to help ensure that you retire with "more than enough." You can read the original MarketWatch article at http://paulmerriman.com/
Paul discusses a recent study by Mark Hulbert of The Hulbert Financial Digest, which tracks the results of hundreds of financial newsletters. The study looks at the returns of cheap versus expensive newsletters. Which are better? Listen and learn the answer. By the way, if you like to root for the underdog or have a serious frugal streak, you will be glad to learn that one of the newsletters – which did better than the average of the most expensive newsletters – was absolutely free. As Vanguard founder John Bogel said, "When it comes to investing, you get what you don't pay for."
importance of understanding risk, historical probabilities, expected returns and the psychological implications of constantly second guessing a strategy. Paul also shares the story of “investor Hell” that he went through in the late 1990s.
Trust More or Trust Less, and in what? In considering the market's performance for the first 9 months of 2012, Paul compares his expectations and predictions to what really happened. Plus, he discusses the lessons that can be learned from the successes and failures of his recommendations. As always, Paul's goal is to help you build your portfolio to have the right exposure to the upside for the best of times, and the least risk to be prepared for the worst.
The promises of financial newsletters may be bold, but the outcome is likely to cost you financially and emotionally. They claim to make investing more predictable, while the only thing that is predictable is more money for them and less for you. Learn more in this week's podcast as Paul discusses the tricks and traps of financial newsletters. He also announces his upcoming book, "Get Smart Or Get Screwed: How To Get The Best From A Financial Advisor."
Paul discusses changes for a young couple to make in their portfolio. He wants them to correct three major mistakes. They have purchased shares of Facebook to hold for over 30 year,s but Paul suggests a different investment that is likely to make as much, or more than Facebook, at far less risk. He also suggests an easy step to help the wife double the returns in her IRA.
Most investors believe the S&P 500 will outperform most other mutual funds. They have difficulty believing that a simple approach to asset allocation can raise returns, while reducing risk. In this podcast, I show investors that you can easily make 1 to 2 percent more a year with smart asset allocation, and prepare you for the best and worst of times you will likely experience with proper asset allocation.
Want to know which of my recommendations have worked, and which have failed in the past decade? Please listen in as I discuss the basis of my approach to predicting what's in an investor's best interest, and how that advice has faired. There is a difference between the kind of investment advice I offer and most common sources of investment advice about the future.
This podcast focuses on a recent study that concludes investors continue to let their heart overrule their brain. I urge you not to do this but, rather, put in place a solid, diversified, long-term plan. For specific recommendations of funds and allocations that will help maximize your retirement income, please read my new book, "First-Time Investor: Grow and Protect Your Money". Sign up at paulmerriman.com for a Discount Code on print or eBook formats, and free gift.
This podcast is in response to two emails from listeners. One listener wants to know if indexing are as good as hiring the best advisor. He isn't sure he can convince his friends that indexing could make as much money as Warren Buffet. I compare Berkshire Hathaway to various index funds in various asset classes I recommend, and dispel myths. Another listener asks why investors should not put all their money in the most profitable asset class, and accept the higher risk in exchange for the higher expected long term return? I give reasons why putting all investment in one asset class increases risk. For more on this and specific asset class allocations and funds, read "First-Time Investor: Grow And Protect Your Money".
Paul Merriman discusses a recent The New York Times article about Vanguard founder John Bogle, as he addresses strategies for long-term investors and the need for changes in the marketplace. Learn more about "balancing peace of mind and piece of the action" needed to reach your retirement goals. To understand more about asset classes and diverse allocations, read Merriman's new book, "First-Time Investor: Grow and Protect Your Money."