Guest podcaster Jason Kirsch, CFP(R) discusses increasing demand for speculation among his younger clients.Learn more about your ad choices. Visit megaphone.fm/adchoices

Guest podcaster Jason Kirsch, CFP(R) discusses increasing demand for speculation among his younger clients. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Best Practices: Handling Speculation Demand Among Younger Clients

The huge and rapid across-the-board gains of the current market make now the most relevant time to remind investors of the protective value of asset allocation. This podcast (5:46) argues that we should reduce risk and aspire to steady returns. While we cannot predict the future — indeed, because we cannot predict the future — we should plan our finances in such a way as to avoid calamitous outcomes.Learn more about your ad choices. Visit megaphone.fm/adchoices

The huge and rapid across-the-board gains of the current market make now the most relevant time to remind investors of the protective value of asset allocation. This podcast (5:46) argues that we should reduce risk and aspire to steady returns. While we cannot predict the future — indeed, because we cannot predict the future — we should plan our finances in such a way as to avoid calamitous outcomes. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: DIY Disasters Are Avoidable

Ron Surz’s new book “Baby Boomer Investing in the Perilous Decade of the 2020s” offers guidance on protecting lifetime savings that now reside in the crossfires of financial disaster. He is making the book available for free this week, through May 28, on Amazon. In this podcast (21:34), Surz explains why he believes the 2020s are a time of heightened risk, how boomers, who are most exposed, can protect themselves from this risk, and how even those who have saved insufficiently can live a dignified retirement.Learn more about your ad choices. Visit megaphone.fm/adchoices

Ron Surz’s new book “Baby Boomer Investing in the Perilous Decade of the 2020s” offers guidance on protecting lifetime savings that now reside in the crossfires of financial disaster. He is making the book available for free this week, through May 28, on Amazon. In this podcast (21:34), Surz explains why he believes the 2020s are a time of heightened risk, how boomers, who are most exposed, can protect themselves from this risk, and how even those who have saved insufficiently can live a dignified retirement. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: Ron Surz On Protecting Boomers’ Portfolios From Today’s High Risk

Intel’s detractors criticize the company for falling behind competitors in data-center sales, for reducing buybacks and for declining profit margins. But it is when a company is down that its stock price provides an attractive entry point. This podcast (8:05) argues that Intel’s problems are fixable and that its new leadership appears to be busy fixing them now. And in the meantime, its stock sells at a modest price-to-earnings ratio of 12, a fraction of the industry average.Learn more about your ad choices. Visit megaphone.fm/adchoices

Intel’s detractors criticize the company for falling behind competitors in data-center sales, for reducing buybacks and for declining profit margins. But it is when a company is down that its stock price provides an attractive entry point. This podcast (8:05) argues that Intel’s problems are fixable and that its new leadership appears to be busy fixing them now. And in the meantime, its stock sells at a modest price-to-earnings ratio of 12, a fraction of the industry average. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: Intel’s Cure Precedes Its Illness 

Larry Siegel

Veteran investment research Laurence (Larry) Siegel’s response to all the doomsday stories in the daily news is his book “Fewer, Richer, Greener,” which offers a long view of the progress and economic growth our world has known, despite the proverbial bumps on the road. This podcast (20:40) challenges Siegel with a bit of the gloom and doom that we’re seeing. The financial analyst concedes that a sober view of markets is justified, but defends the view that the broader economy is progressing. In this interview and in his book, Siegel prefers to light a candle than to curse the darkness. Learn more about your ad choices. Visit megaphone.fm/adchoices

Veteran investment research Laurence (Larry) Siegel’s response to all the doomsday stories in the daily news is his book “Fewer, Richer, Greener,” which offers a long view of the progress and economic growth our world has known, despite the proverbial bumps on the road. This podcast (20:40) challenges Siegel with a bit of the gloom and doom that we’re seeing. The financial analyst concedes that a sober view of markets is justified, but defends the view that the broader economy is progressing. In this interview and in his book, Siegel prefers to light a candle than to curse the darkness.  Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: Economic Optimist Larry Siegel Doubts The Doomsayers 

The Fed’s interventionist policies are the primary source of our current “everything rally,” and it is this same factor that will eventually upend it. This podcast (7:50) argues that discounted cash flows and other tools of fundamental analysis are compromised when the so-called risk-free rate of money has been openly distorted for so long, and why other factors are worthy of consideration. It also suggests that investors always be prepared for risk-off scenarios.Learn more about your ad choices. Visit megaphone.fm/adchoices

The Fed’s interventionist policies are the primary source of our current “everything rally,” and it is this same factor that will eventually upend it. This podcast (7:50) argues that discounted cash flows and other tools of fundamental analysis are compromised when the so-called risk-free rate of money has been openly distorted for so long, and why other factors are worthy of consideration. It also suggests that investors always be prepared for risk-off scenarios. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: Investment Decision-Making In An ‘Everything Rally’ 

At a time when oil majors are facing increasing pressure to reduce greenhouse-gas emissions, a key question for investors concerns not which future technologies will prevail but who is helping these companies get rid of their methane right now. This podcast (6:40) argues that Baker Hughes’s solutions are performing right now in an area of rising regulatory scrutiny and hence growing market importance.Learn more about your ad choices. Visit megaphone.fm/adchoices

At a time when oil majors are facing increasing pressure to reduce greenhouse-gas emissions, a key question for investors concerns not which future technologies will prevail but who is helping these companies get rid of their methane right now. This podcast (6:40) argues that Baker Hughes’s solutions are performing right now in an area of rising regulatory scrutiny and hence growing market importance. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: Baker Hughes Capturing The Carbon-Capture Opportunity

Ambev (ABEV) operates in a country reeling under pandemic, but Brazilians continue to drink beer, revenue is growing and investor fear of Brazil will eventually subside as a commodity boom lifts its currency. This podcast (7:28) argues that Ambev is already increasing revenue while cyclical factors should help it cut costs, fueling a renewed look by investors at an emerging-markets company with a popular product and solid customer base.Learn more about your ad choices. Visit megaphone.fm/adchoices

Ambev (ABEV) operates in a country reeling under pandemic, but Brazilians continue to drink beer, revenue is growing and investor fear of Brazil will eventually subside as a commodity boom lifts its currency. This podcast (7:28) argues that Ambev is already increasing revenue while cyclical factors should help it cut costs, fueling a renewed look by investors at an emerging-markets company with a popular product and solid customer base. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: Ambev - A Major Brewery, Excellent Value 

I have no regrets about missing out on a stock on my watchlist that moved up 700 percent this past year, but feel more regret for a value stock I failed to snatch before it moved up 25 percent. This podcast (6:21) argues that past experience, which in my case has shown that the market ultimately recognizes value, encourages me to hold cash while searching for value stocks with long runways, enabling me to enjoy the tranquility of a portfolio requiring just mild supervision.Learn more about your ad choices. Visit megaphone.fm/adchoices

I have no regrets about missing out on a stock on my watchlist that moved up 700 percent this past year, but feel more regret for a value stock I failed to snatch before it moved up 25 percent. This podcast (6:21) argues that past experience, which in my case has shown that the market ultimately recognizes value, encourages me to hold cash while searching for value stocks with long runways, enabling me to enjoy the tranquility of a portfolio requiring just mild supervision. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: A Peaceful Portfolio 

The contemporary prophet Harry Dent Jr. says the stock market will collapse this month. The financial newsletter writer even added that he will quit his job if he is wrong. This podcast (6:21) warns that even the most brilliant economic sages – like the great American economist Irving Fisher – falter when they make predictions, because their vast knowledge does not endow them with this ability. Hoping to cure investors of their innate credulity, I summon the story of the Witch of Endor, which memorably illustrates the fraudulence of acts of divination.Learn more about your ad choices. Visit megaphone.fm/adchoices

The contemporary prophet Harry Dent Jr. says the stock market will collapse this month. The financial newsletter writer even added that he will quit his job if he is wrong. This podcast (6:21) warns that even the most brilliant economic sages – like the great American economist Irving Fisher – falter when they make predictions, because their vast knowledge does not endow them with this ability. Hoping to cure investors of their innate credulity, I summon the story of the Witch of Endor, which memorably illustrates the fraudulence of acts of divination. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: Prediction Is Fiction 

SA For FAs delivers information and analysis that will help Financial Advisors throughout their day. The podcast, hosted by Seeking Alpha editor Gil Weinreich, addresses issues of current interest to Financial Advisors and active investors, including macro analysis of current issues affecting markets; retirement planning; and asset allocation strategy.

Great Pod cast just got better with the weekly review.

Love the week in review idea.

Quick, short format. Always a relevant topic to financial planners.

Always 5 minutes well spent

SA For FAs

Kim Blanton writing on the Squared Away retirement blog notes that the problem of retirees’ reluctance to spend affects the rich, middle-class and poor alike. This podcast (5:05) argues that the root of the so-called retirement-savings puzzle is a fundamental economic insecurity. Advisors’ job is to provide that security. We discuss the academic solution – annuities – as well as other approaches.Learn more about your ad choices. Visit megaphone.fm/adchoices

Kim Blanton writing on the Squared Away retirement blog notes that the problem of retirees’ reluctance to spend affects the rich, middle-class and poor alike. This podcast (5:05) argues that the root of the so-called retirement-savings puzzle is a fundamental economic insecurity. Advisors’ job is to provide that security. We discuss the academic solution – annuities – as well as other approaches. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Retirement Advisor: The Reluctance To Spend

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

Harry Dent, author of Zero Hour and editor of Economy and <a href="http://Markets.com" rel="nofollow" target="_blank">Markets.com</a>, 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 <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

 The Asset Allocator: Harry Dent’s Case For ‘The Crash Of A Lifetime’ 

Retirement savers generally want to know what large “number” they need to fund their retirement. But people live their whole lives based on a monthly income, and it is on the basis of that small number that we can try to arrive at the bigger one. We present an oversimplified method of generating a portfolio goal from one’s income needs. This podcast (5:09) suggests that this back-of-the-envelope calculation is really just a starting place for a much more sophisticated discussion to which financial advisors can add tremendous value.Learn more about your ad choices. Visit megaphone.fm/adchoices

Retirement savers generally want to know what large “number” they need to fund their retirement. But people live their whole lives based on a monthly income, and it is on the basis of that small number that we can try to arrive at the bigger one. We present an oversimplified method of generating a portfolio goal from one’s income needs. This podcast (5:09) suggests that this back-of-the-envelope calculation is really just a starting place for a much more sophisticated discussion to which financial advisors can add tremendous value. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Retirement Advisor: A Quick And Dirty Calculation Of Your 'Number'

In an article in The Atlantic, law professors Ganesh Sitaraman and Anne Alstott propose an intriguing fix to America’s retirement crisis, which sort of nudges workers into saving more without imposing costs on business or government, hence lowering political resistance.This podcast (5:28) suggests that the two law professors’ idea makes for an excellent start toward solving a retirement problem that is only growing. Once in place, it would be desirable for the government to take steps that would incentivize further saving.Learn more about your ad choices. Visit megaphone.fm/adchoices

In an article in The Atlantic, law professors Ganesh Sitaraman and Anne Alstott propose an intriguing fix to America’s retirement crisis, which sort of nudges workers into saving more without imposing costs on business or government, hence lowering political resistance.This podcast (5:28) suggests that the two law professors’ idea makes for an excellent start toward solving a retirement problem that is only growing. Once in place, it would be desirable for the government to take steps that would incentivize further saving. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Retirement Advisor: A Social Security Supplement 

The quest for income is becoming as salient a concern as it was during the financial crisis of a decade ago. This podcast (5:43) looks at the example of highly sophisticated income-dependent investors – insurance companies – and finds no magical solutions to the quest for yield. We lay out approaches on two sides of the risk spectrum, and find that you must risk something to obtain a yield. There are, however, two other solutions that are sure to boost yield, if the client is willing to do the heavy lifting.Learn more about your ad choices. Visit megaphone.fm/adchoices

The quest for income is becoming as salient a concern as it was during the financial crisis of a decade ago. This podcast (5:43) looks at the example of highly sophisticated income-dependent investors – insurance companies – and finds no magical solutions to the quest for yield. We lay out approaches on two sides of the risk spectrum, and find that you must risk something to obtain a yield. There are, however, two other solutions that are sure to boost yield, if the client is willing to do the heavy lifting. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator Advisor: Thoughts On The Quest For Yield 

I’ve yet to see a straightforward way of applying behavioral finance insights to investing. Are you supposed to have a checklist to make sure you’re not anchoring, herding or acting out of confirmation bias? I propose a simpler way of understanding what investing requires.Learn more about your ad choices. Visit megaphone.fm/adchoices

I’ve yet to see a straightforward way of applying behavioral finance insights to investing. Are you supposed to have a checklist to make sure you’re not anchoring, herding or acting out of confirmation bias? I propose a simpler way of understanding what investing requires. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Behavioral Finance Made Simple

Michael Crook

UBS investment strategist Michael Crook has helped fashion a quasi-endowment approach for UBS clients that aims to help them achieve their goals without markets getting the better of them. In this podcast interview (25:20), he explains how UBS’s “3L” strategy – liquidity, longevity, legacy – offers a reality-based methodology for coping with market challenges on the path toward a secure retirement.Learn more about your ad choices. Visit megaphone.fm/adchoices

UBS investment strategist Michael Crook has helped fashion a quasi-endowment approach for UBS clients that aims to help them achieve their goals without markets getting the better of them. In this podcast interview (25:20), he explains how UBS’s “3L” strategy – liquidity, longevity, legacy – offers a reality-based methodology for coping with market challenges on the path toward a secure retirement. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Retirement Advisor: How UBS’s Michael Crook Keeps Clients Coasting Toward Retirement In Choppy Markets 

Moshe Milevsky

York University Professor Moshe Milevsky, today’s foremost authority on retirement finance, discusses his new book, “Longevity Insurance for a Biological Age,” which provocatively asks: “What if the number of years planet earth has circled the sun with you as a passenger is the wrong metric?” Milevsky thinks chronological age is indeed a poor metric, which distorts one’s work strategy, asset allocation and everything else that in actuality keys off one’s biological age. He says a shift to biological thinking will one day make annuities as “legitimate” as life insurance now is. He recounts his rationale for purchasing a deferred income annuity and the strong negative reaction it induced in others, and explains the difference between investment and insurance, and why both are needed.Learn more about your ad choices. Visit megaphone.fm/adchoices

York University Professor Moshe Milevsky, today’s foremost authority on retirement finance, discusses his new book, “Longevity Insurance for a Biological Age,” which provocatively asks: “What if the number of years planet earth has circled the sun with you as a passenger is the wrong metric?” Milevsky thinks chronological age is indeed a poor metric, which distorts one’s work strategy, asset allocation and everything else that in actuality keys off one’s biological age. He says a shift to biological thinking will one day make annuities as “legitimate” as life insurance now is. He recounts his rationale for purchasing a deferred income annuity and the strong negative reaction it induced in others, and explains the difference between investment and insurance, and why both are needed. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Protect Against Longevity Shock: An Interview With Moshe Milevsky

The Atlanta Journal-Constitution tells the story of Joyce Lowenstein, who at age 93, earned her bachelor’s degree from Georgia State University. She said of her art history curriculum: “It took me all over the world.” And the University System of Georgia allows residents 62 and older to take courses at little or no cost. This podcast (4:13) argues that retirees who want or need to use their nest egg for ordinary living expenses can have an experience, akin to world travel, at no or low cost.Learn more about your ad choices. Visit megaphone.fm/adchoices

The Atlanta Journal-Constitution tells the story of Joyce Lowenstein, who at age 93, earned her bachelor’s degree from Georgia State University. She said of her art history curriculum: “It took me all over the world.” And the University System of Georgia allows residents 62 and older to take courses at little or no cost. This podcast (4:13) argues that retirees who want or need to use their nest egg for ordinary living expenses can have an experience, akin to world travel, at no or low cost. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Retirement Advisor: Travel The World For Next To Nothing 

Dan Silverman

Dan Silverman, professor of economics at the W.P. Carey School of Business at Arizona State University, is an authority on financial decision making; retirement healthcare; and annuitization. In this interview, Professor Silverman offers three reasons why two similarly situated people would have different financial outcomes. He offers a solution to the classic retirement-saving puzzle – the surprising phenomenon that retirees strongly avoid drawing down their wealth beyond what researchers would expect. His answer to this question also helps to resolve the so-called “annuity puzzle,” wherein consumers shun products that economic theory assumes they would embrace.Learn more about your ad choices. Visit megaphone.fm/adchoices

Dan Silverman, professor of economics at the W.P. Carey School of Business at Arizona State University, is an authority on financial decision making; retirement healthcare; and annuitization. In this interview, Professor Silverman offers three reasons why two similarly situated people would have different financial outcomes. He offers a solution to the classic retirement-saving puzzle – the surprising phenomenon that retirees strongly avoid drawing down their wealth beyond what researchers would expect. His answer to this question also helps to resolve the so-called “annuity puzzle,” wherein consumers shun products that economic theory assumes they would embrace. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Why Do Retirees Avoid Spending? Interview With Professor Dan Silverman 

I tell my kids to aspire to an asset allocation equal-weighted among stocks, real estate and cash. This podcast (5:36) argues that you don't attain wealth without ownership of risk-based assets such as real estate and stocks. But you don't preserve that wealth from the blows that time and chance deliver without a large dose of liquidity.Learn more about your ad choices. Visit megaphone.fm/adchoices

I tell my kids to aspire to an asset allocation equal-weighted among stocks, real estate and cash. This podcast (5:36) argues that you don't attain wealth without ownership of risk-based assets such as real estate and stocks. But you don't preserve that wealth from the blows that time and chance deliver without a large dose of liquidity. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: The Allocation I Recommend To My Children

Presidential election years tend to be strong for markets, the incumbent has shown great interest in the stock market’s progress and the Fed seems supportive. This podcast (6:33), suggests that the biggest apparent risk right now is the coronavirus, which will surely adversely affect one if not two quarters of global GDP. And yet that delay in the resumption of economic growth could lead to a big pop in consumer spending, bolstering the economy in 2020, barring unexpected exogenous shocks.Learn more about your ad choices. Visit megaphone.fm/adchoices

Presidential election years tend to be strong for markets, the incumbent has shown great interest in the stock market’s progress and the Fed seems supportive. This podcast (6:33), suggests that the biggest apparent risk right now is the coronavirus, which will surely adversely affect one if not two quarters of global GDP. And yet that delay in the resumption of economic growth could lead to a big pop in consumer spending, bolstering the economy in 2020, barring unexpected exogenous shocks. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: An Election-Year Market

Five years after the enactment of major retirement reform in the UK, the Association of British Insurers presents an evaluation. This podcast (7:05) notes that the reforms were intended to promote “pension freedom,” but the report is now pushing for the use of financial advice to keep people from misusing that freedom. Learn more about your ad choices. Visit megaphone.fm/adchoices

Five years after the enactment of major retirement reform in the UK, the Association of British Insurers presents an evaluation. This podcast (7:05) notes that the reforms were intended to promote “pension freedom,” but the report is now pushing for the use of financial advice to keep people from misusing that freedom.  Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Retirement Advisor: The 8% Rule 

Money’s final print issue discusses real-life Golden Girls who moved in together in retirement. These ladies have applied the same efficiency to their residential lives as a tontine brings to a shared pension, sparing themselves the $8,365 average monthly cost of a nursing home. This brief podcast (4:51) explains why the Golden Girls' method of sharing retirement housing with friends is a winning strategy financially, emotionally and health-wise.Learn more about your ad choices. Visit megaphone.fm/adchoices

Money’s final print issue discusses real-life Golden Girls who moved in together in retirement. These ladies have applied the same efficiency to their residential lives as a tontine brings to a shared pension, sparing themselves the $8,365 average monthly cost of a nursing home. This brief podcast (4:51) explains why the Golden Girls' method of sharing retirement housing with friends is a winning strategy financially, emotionally and health-wise. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Retirement Advisor: Getting By With A Little Help From My Friends 

Joel Greenblatt

Seeking Alpha’s Mike Taylor and Daniel Shvartsman conclude their review of Joel Greenblatt’s approach to value investing. In this final installment (38:56), they discuss Greenblatt’s emphasis on investors doing their own research, borrowing ideas from other investors, and to that end, look at Greenblatt’s favorite investment books. They also hone in on Greenblatt’s core philosophy, which is that the value of investing is to give you time and options later on in life.Learn more about your ad choices. Visit megaphone.fm/adchoices

Seeking Alpha’s Mike Taylor and Daniel Shvartsman conclude their review of Joel Greenblatt’s approach to value investing. In this final installment (38:56), they discuss Greenblatt’s emphasis on investors doing their own research, borrowing ideas from other investors, and to that end, look at Greenblatt’s favorite investment books. They also hone in on Greenblatt’s core philosophy, which is that the value of investing is to give you time and options later on in life. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Behind The Idea Reviews Joel Greenblatt’s ‘You Can Be A Stock Market Genius,’ Part 4

A reader asks: Do REITs function in an asset allocation as physical real estate does? My answer is no: The research literature indicates a very high correlation of returns between REITs and small-cap value stocks. But this podcast (6:30) “thinks aloud” about ways to import the characteristics of physical real estate into one’s portfolio, without the hardships of being a landlord. While I see no ideal solution, I would look for low-volatilty, income-oriented value investments that play out over a long time period, as physical real estate does.Learn more about your ad choices. Visit megaphone.fm/adchoices

A reader asks: Do REITs function in an asset allocation as physical real estate does? My answer is no: The research literature indicates a very high correlation of returns between REITs and small-cap value stocks. But this podcast (6:30) “thinks aloud” about ways to import the characteristics of physical real estate into one’s portfolio, without the hardships of being a landlord. While I see no ideal solution, I would look for low-volatilty, income-oriented value investments that play out over a long time period, as physical real estate does. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: Of REITs And Real Estate 

Hebbian theory, a neuroscientific explanation of synaptic plasticity, may offer insights for advisors seeking to protect clients against bad investing habits, such as frequent checking of stock prices or tuning into sensational financial infotainment. This podcast (5:02) suggests that people can change for the better, and advised investors can have better outcomes when their advisors educate them toward good investing habits.Learn more about your ad choices. Visit megaphone.fm/adchoices

Hebbian theory, a neuroscientific explanation of synaptic plasticity, may offer insights for advisors seeking to protect clients against bad investing habits, such as frequent checking of stock prices or tuning into sensational financial infotainment. This podcast (5:02) suggests that people can change for the better, and advised investors can have better outcomes when their advisors educate them toward good investing habits. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Retirement Advisor: Retrain Your Brain 

Low-vol stocks’ 18-20% returns this year have trounced the S&amp;P 500’s 6% returns, and have persistently outperformed the S&amp;P 500 since 1990. In contrast to a momentum approach, low-vol stocks’ best relative returns occur during downturns and their worst relative returns during upswings. This podcast (5:09) argues that the type of person who buys a stock because it’s exciting is likely to sell it because it is disappointing, and hence funds alpha for those whose passions are not inflamed by market volatility, i.e., low-vol investors.Learn more about your ad choices. Visit megaphone.fm/adchoices

Low-vol stocks’ 18-20% returns this year have trounced the S&amp;P 500’s 6% returns, and have persistently outperformed the S&amp;P 500 since 1990. In contrast to a momentum approach, low-vol stocks’ best relative returns occur during downturns and their worst relative returns during upswings. This podcast (5:09) argues that the type of person who buys a stock because it’s exciting is likely to sell it because it is disappointing, and hence funds alpha for those whose passions are not inflamed by market volatility, i.e., low-vol investors. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Asset Allocator: An Underappreciated Low-Vol, High-Return Strategy

The Bank of Mom and Dad is apparently one of the nation’s largest financial institutions, providing over a quarter of the FHA’s mortgage volume last year. The question arises as to how parents should financially structure their support: through outright gifts; via formalized loans, as guarantors or as co-borrowers. This podcast also considers the question of how much to give.Learn more about your ad choices. Visit megaphone.fm/adchoices

The Bank of Mom and Dad is apparently one of the nation’s largest financial institutions, providing over a quarter of the FHA’s mortgage volume last year. The question arises as to how parents should financially structure their support: through outright gifts; via formalized loans, as guarantors or as co-borrowers. This podcast also considers the question of how much to give. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

The Bank Of Mom And Dad

People have a powerful instinct people to squeeze out every drop of efficiency in their investments, but a little slack, especially before retirement, can be a good thing.This brief podcast (4:19) argues that putting your assets to work means putting them at risk; once you’ve done that adequately, there’s no shame in holding cash.Learn more about your ad choices. Visit megaphone.fm/adchoices

People have a powerful instinct people to squeeze out every drop of efficiency in their investments, but a little slack, especially before retirement, can be a good thing.This brief podcast (4:19) argues that putting your assets to work means putting them at risk; once you’ve done that adequately, there’s no shame in holding cash. Learn more about your ad choices. Visit <a href="http://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

Retirement Advisor: You Don’t Have To Put All Your Money To Work 

The Best Multi-Part Documentaries, with documentaries on Obama, Federer vs Nadal, the making of Star Wars, Netflix vs Blockbuster and more. Add episodes you're interested into your queue below!

Best Multi-Part Documentaries

The best episodes for anyone looking to learn more about topics such as happiness, fulfillment, depression and psychology/mental health in general. With interviews with industry experts, personal stories of individuals, this topic has lessons applicable to everyone. Add episodes you're interested into your queue below!