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."
Fraud relates to truths – or lies – that inform your decisions about your financial future. I'm not talking here about the giant Bernie Madoff-type schemes, but the kind of fraud that takes one person's savings, one investor's money, at a time. Beyond legal definitions, fraud is when we are mislead intentionally, so someone else gains from that lie. They get away with it. This kind of fraud is used everyday, and the justification is usually, "Everyone does it." We all know how these manipulations work in sales, and some "good salesmen" are masters at the "tricks of the trade," and they get away with their lies because most people are unprepared. We can be honest, ethical, and tell the truth as we know it – and deal with advisors and companies who also practice these values. This is one of the reason I wrote First-Time Investor: Grow and Protect Your Money: to help you be prepared, make good decisions from Day One, and not be defrauded. For more information visit www.PaulMerriman.com.
As Ben Franklin said, "The only thing more expensive than education is ignorance." In this podcast I talk about fears of the global economic situation that are causing many investors to change strategies or become immobilized by their own uncertainty. Knowing yourself, and not being ignorant of your own fears, is essential. As I explain here, my advice is to diversify in specific asset classes and continue to invest in smart ways. I welcome your feedback and comments on the topics you would like me to address in upcoming podcasts. You can email me at PM@paulmerriman.com
When do you think you are going to retire? A Marketwatch.com article claims many American will not be able to retire until age 70 or older. In my upcoming print and eBook, "First-Time investor: Grow and Protect Your Money," – the first in my "How To Invest Series" – you will learn the exact steps you can take now, so you can retire on your time and your plan.