Sound Investing
448 episodes - English - Latest episode: about 23 hours ago - ★★★★★ - 261 ratingsWeekly podcasts with Paul Merriman. Strategic planning for investing at every stage of life.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
Financial Gurus Collide: JL Collins and Paul Merriman Debate Wealth Strategies
April 24, 2024 16:07 - 1 hour - 112 MBToday, we bring you an exclusive conversation between two investment gurus, JL Collins and Paul Merriman. They debate the secrets of building wealth, focusing on investment strategies, index funds, and the potential power of small-cap companies. If you're looking to sharpen your investment acumen, this episode is full of knowledge and insights! Join us as we navigate through the crucial aspects of long-term investing, risk management, and the dynamics of the S&P 500 and Total Stock Market ...
Best in Class ETF 2024 Updates
April 17, 2024 13:19 - 28 minutes - 26 MBSo, you've chosen to be a buy-and-hold investor following one of Paul's Sound Investing portfolios. Now, the question is, what to buy? It's time to become a knowledgeable shopper. Chris Pedersen describes the attributes that make an ETF or mutual fund more or less suited to implementing the portfolios we've discussed. He then shows how to use Morningstar and Portfolio Visualizer to evaluate funds and points to the Best-in-Class recommended funds he's chosen. Finally, he demonstrates ho...
2 Funds for Life 2024 Update
April 10, 2024 13:49 - 33 minutes - 30.6 MBChris Pedersen shows how to automate investing with simple 2-fund portfolios. He discusses how target-date funds work and how to combine them with small-cap value funds to achieve results similar to more complicated portfolios. He highlights the 2 Funds for Life fine-tuning table in the Portfolio Configurator and shows how it can be used to set expectations based on different allocations. He also shows how 2 Funds for Life approaches can be compared to Sound Investing portfolios using the...
Flexible Distributions 2024 Update
April 03, 2024 11:05 - 44 minutes - 61.4 MBIn this podcast Paul addresses the advantage of using a Flexible Distribution strategy. He starts by mentioning the earlier podcasts that focused on the Sound Investing Portfolios, Fine Tuning Your Asset Allocation Tables and Fixed Distribution Tables D1.4, D1.5, D9.4 and D9.5. He then focuses on Flexible Distribution Tables F1.4, F1.5, F1.6, F9.5 and F9.6. The following are links for listeners who want to review all the Fine Tuning Tables, all the Fixed Distribution Tables and all the Fl...
Fixed Distributions 2024 Update
March 27, 2024 15:16 - 1 hour - 44.6 MBThe move from the accumulation to distribution period of an investors lifetime includes some very important decisions. What asset allocation between equities and fixed income? What combination of equity asset classes in the equity portion, as well as fixed income asset classes? What amount of distribution will be made annually? Will the payments be monthly, quarterly or annually? Will payments be adjusted for inflation and how often? Will the distributions be based on a fixed distribut...
Fixed Contributions 2024 Update
March 20, 2024 16:29 - 40 minutes - 24.6 MBIn segment #5 of the 2024 Book Camp Series Paul applies all of the first 4 segments lessons to putting the portfolios to work by making a regular monthly investment into several of the Sound Investing Portfolios. For those coming to the series for the first time Paul suggests listening to the first 4 segments. #1 Stocks vs. Bonds: The $10 Million Decision #2 The Ultimate Buy and Hold Portfolio 2024 Update #3 Sound Investing Portfolios: 2024 Update #4 Fine Tuning Asset Allocation 2024 Up...
Fine Tuning Your Asset Allocations 2024 Update
March 13, 2024 12:08 - 43 minutes - 59.8 MBIn the previous three podcasts we have addressed the long term decision between investing in stocks vs. bonds, what equity asset classes you might use in building your equity portfolio and how to combine the different equity asset classes to build the best portfolio for your different investments. The purpose of each of the Boot Camp Series is to address some of the most important investment decisions. In this podcast I discuss the question of how much fixed income an investor should hold...
Fine Tuning Your Asset Allocation 2024 Update
March 13, 2024 12:08 - 43 minutes - 59.8 MBIn the previous three podcasts we have addressed the long term decision between investing in stocks vs. bonds, what equity asset classes you might use in building your equity portfolio and how to combine the different equity asset classes to build the best portfolio for your different investments. The purpose of each of the Boot Camp Series is to address some of the most important investment decisions. In this podcast I discuss the question of how much fixed income an investor should hold...
Sound Investing Portfolios: 2024 Update
March 06, 2024 18:36 - 34 minutes - 23.9 MBIn this podcast Paul addresses the construction, returns and risks of the Sound Investing Portfolios. Table H1a lists the 9 Sound Investing Portfolios and includes percentages of each of the asset classes included in each portfolio.Table H2a lists the risk and return data for each portfolio. The table compares profitable years, unprofitable years, decade returns and total return of a $10,000 investment. Table H3a lists the portfolios annual return for each year for the period 1970-202...
The Ultimate Buy and Hold Portfolio 2024 Update
February 28, 2024 16:00 - 41 minutes - 25.8 MBPaul recommends new listeners listen to the previous podcast on Equities vs. Bonds prior to this podcast. The purpose of this annual update is to remind investors of the power of equity asset class diversification. Paul makes the case for the 10 equity asset class portfolio that he introduced over 25 years ago. During the presentation he uses Tables A1a and A2a. A1a shows the series of portfolios, starting with the S&P 500 on its own, and then the results of adding 9 other asset class...
Stocks vs. Bonds: The $10 Million Decision
February 21, 2024 13:45 - 57 minutes - 35.4 MBThis podcast is the first in the series of 8 to 10 podcasts, videos and articles that will be found under Bootcamp and Best advice. In this podcast Paul discusses the biggest investment decision of an investor's lifetime: Invest in stocks or bonds. He reviews the long term risk and return for both important asset classes. In each case there is a set of 3 tables that reflect the returns from 1928 to 2023. In Tables J1a and J2a he compares the annualized return for the entire period as w...
Stocks vs. Bonds: The $10 Million Decision External Inbox
February 21, 2024 13:45 - 57 minutes - 35.4 MBIn this podcast Paul discusses the biggest investment decision of an investor's lifetime: Invest in stocks or bonds. He reviews the long term risk and return for both important asset classes. In each case there is a set of 3 tables that reflect the returns from 1928 to 2023. In Tables J1a and J2a he compares the annualized return for the entire period as well as for all the 15 and 40 year periods. His discussion includes the impact of inflation as well as rebalancing. He also encourag...
Chris Pedersen answers your questions: Best in Class, 2 Funds for Life and more!
February 14, 2024 17:40 - 1 hour - 65.6 MBJoin Paul and Chris for this podcast/video they recorded. During the conversation Paul mentions Chris’ free copy of “2 Funds for Life” and a fascinating interview with Professor Scott Cederburg on Rational Reminder. Cederburg is an advocate for a lifetime portfolio of all equities. The following are the topics and questions they discussed: What does an investor do if a small cap value fund is not available in their 401(K)? Does a small cap blend fund, that is available, have the sa...
10 Investment Decisions “Guaranteed” to Improve Your Financial Future
February 07, 2024 14:20 - 22 minutes - 13.8 MBPaul looks at the guaranteed advantages of 10 different investment decisions. He also challenges one of the oldest claims about our expectations for returns. During the presentation he discusses the important differences between investment success and investor success. He encourages all listeners to get the free pdf of Paul Heys book, “Spending Your Way to Wealth(s).”
11 Q&A- Finding an advisor, educating kids, robo-advising, changing asset allocation and more
January 31, 2024 17:13 - 52 minutes - 31.9 MBIn the process of looking for a document I came across a group of questions that had been hidden away in my saved documents. The good news is the list included some great questions. The bad news is I'm not sure which presentation generated the questions. 1. What are the best investments to make and what milestones should an investor reach? 2. Do you recommend a solo 401k or SEP IRA for a single employee LLC that will never have employees? Recommended reading from Truth-Teller Jim ...
The #1 Reason most investors fail!
January 24, 2024 14:05 - 47 minutes - 44.2 MBIn this podcast Paul discusses ten million dollar mistakes investors make, along with the mistake that is the biggest reason he believes most investors fail to achieve the return they deserve. As part of his presentation he references the following two tables. Table 1 and Table 2. D1.3 D1.4 Paul reminds listeners to forward copies of our 3 free books.
Configurators, Returns and Risks, and 2 Thumbs Up Movie Review
January 17, 2024 17:44 - 52 minutes - 40.9 MBPaul, Chris, and Daryl are back together for the first time in 2024. The podcast starts with Chris demonstrating a new and improved Portfolio Configurator, which adds the 2 Funds for Life portfolios. Now, investors can see how the equity portion of Sound Investing Portfolios, like the Ultimate Buy and Hold or Four Fund Combos, compare to various 2 Funds for Life approaches. Next, they discuss the question "Which backtested portfolio has the highest return per unit of risk, and shouldn't ...
The Most Important Advice I know
January 10, 2024 16:56 - 16 minutes - 11.1 MBTrust is the key for most investors to stay the course for the long term. I formed a lasting trust in the academic work of Drs. Fama and French when I attended a 2 or 3 day workshop at Dimensional Fund Advisors in 1994. That trust led our firm to use the DFA funds since the mid 90s. While I believe there are a lot of people who find our long term studies helpful, I’m not sure that all of those people understand that almost all of our studies that go back to 1928 are based on the work of ...
Review of 2023 returns and a prediction for 2024
January 03, 2024 16:01 - 32 minutes - 44.6 MBIn this podcast Paul starts by recommending, “Episode 285: A Year In Review" a podcast/video. In Paul’s review of 2023 returns he compares Chris’ Best In Class ETF recommendations with similar Vanguard ETFs and the average return in each equity asset class. He also gives returns for the most popular portfolios including, Ultimate Buy and Hold, 2 Fund U.S., 4 Fund U.S. and 4 Fund WW. Using an article from Ben Carlson Paul is able to find even more reasons 2024 should be a very profitab...
Why not all equities all the time?
December 27, 2023 16:29 - 38 minutes - 23.2 MBIn the last podcast of the year Paul discusses the many important projects Chris Pedersen, Daryl Bahls and he will explore in 2024. He then addresses a question from a listener: Why not all equities forever? The question is the focus of a wonderful interview with Scott Cederburg, Associate Professor of Finance at the University of Arizona. Scott is the guest of Truth-Teller Ben Felix and Cameron Passmore on their podcast, Rational Reminder. In this podcast (https://rationalreminder.ca...
2 Funds for Life Fine Tuning Table
December 20, 2023 15:00 - 45 minutes - 41.5 MBPaul Merriman and Chris Pedersen introduce the 2 Funds for Life Fine Tuning table and describe how it can be used by investors of all ages to evaluate various combinations of target-date and small-cap value funds. Historically, these combinations have produced higher returns and higher safe withdrawal rates with only modest increases in risk compared to the target-date fund alone. The table provides investors a way to see what these differences have been in the past for target-date funds...
A new way to look at risk and return
December 13, 2023 13:00 - 34 minutes - 22.2 MBPaul wishes to warn podcast listeners that this podcast contains a lot of important numbers from the following 4 tables. The torrent of numbers can be irritating but these are some of the most important aspects of risk and return we should know. Paul asks that investors email him with questions about the tables. [email protected] In this podcast Paul introduces a new way to understand and compare the likely risk and return of equity asset classes. The biggest challenge for first time ...
Factor Investing & Investor Behavior
December 06, 2023 17:53 - 58 minutes - 134 MBThe biggest challenge of educating first time investors is reaching them with our educational materials. One of the best ways to reach young investors is through young podcasters who have loyal audiences of these first time investors. Jose and his podcast, Slow Brew Finance is a great example. It is available both as an audio and video podcast. During the presentation Paul mentions a table of returns for the S&P, U.S. large cap value, small cap blend and small cap value. Here is the li...
New Study: S&P 500 vs 4 Fund Portfolio
November 29, 2023 16:18 - 22 minutes - 16.5 MBPaul begins the podcast by noting a recent interview he had with Andrew Giancola of Master Money and the Personal Finance Podcast. The topic is “Simple Financial Steps With Massive Payoffs.” In this podcast Paul discusses a new study that compares long term returns of the S&P 500 and the 4 Fund Portfolio. The study was motivated by an article written by Ben Carlson. Paul discusses the same 20 year periods starting in 1930 and compares the results of The 4 Fund Portfolio to that of the S&P...
Beyond Numbers: Unveiling the Generosity of Personal Finance
November 22, 2023 16:44 - 1 hour - 50.1 MBDoc G interviews Paul. "Join me in an eye-opening conversation with renowned investing advisor and philanthropist Paul Merriman as we delve into the question: Is personal finance inherently selfish? In this episode, we explore the broader impact of financial decisions and discuss Paul's recent $3.6 million gift to empower students at Western Washington University through investing education." Listen to more of Doc G on Earn and Invest- https://www.earnandinvest.com/episodes-7/youre-not-sp...
Yes, Virginia you can take 8% distributions in retirement!
November 15, 2023 17:09 - 59 minutes - 42.8 MBTopic 1: The industry has responded loudly to an announcement by Dave Ramsey that he would be comfortable about taking 8% a year from a retirement account. Here is what Rob Berger has to say In a recent video answering a caller's question, Dave Ramsey described those promoting the 4% Rule as "stupid," "goobers," and "morons. He described the 4% Rule as stupid and said he's "perfectly comfortable" with an 8% withdrawal rate. In this video, I'll describe his rationale and why I'm "perfectly c...
12 more Small Cap Value Q&A's from AAII NYC
November 08, 2023 17:03 - 51 minutes - 37.9 MBThe following questions were sent from the October 11, 2023 presentation to the NYC AAII Chapter. You can watch the video here- https://www.youtube.com/watch?v=QjFlcDAlH1k Chris Pedersen's section starts at 59:00. Paul and Chris conclude with a Q&A session. If I have a pension and social security that cover my cost of living, is it inappropriate to have 100% of my long term portfolio in stocks? How should I create a do it yourself target date fund using one of your Sound Investing portf...
12 Small Cap Value Q & A's
November 01, 2023 18:39 - 41 minutes - 30.5 MBPaul answers 12 questions from the AAII New York City Chapter October 2023 Meeting The video can be watched here- https://www.youtube.com/watch?v=QjFlcDAlH1k Paul's section begins at 08:40. The following links are used in this presentation: Table B14B, ETF portfolios, and SPIVA Report 1. Do you recommend using index funds for international funds? 2. Since small cap value underperforms the S&P 500 for long periods of time, should SCV be avoided by those who are nearing retirement?...
My Worst Investment Ever! What You Do When You Are Young, Is Golden
October 25, 2023 16:27 - 41 minutes - 33 MBPaul is interviewed by Andrew Stotz and the My Worst Investment Ever podcast BIO: Paul Merriman is a nationally recognized authority on mutual funds, index investing, and asset allocation. After retiring in 2012 from Merriman Wealth Management, which he founded in 1983, Paul created The Merriman Financial Education Foundation, dedicated to providing investors of all ages with free information and tools to make better investment decisions. STORY: Paul has had a series of bad investments, an...
How I failed the Bogleheads
October 18, 2023 16:54 - 33 minutes - 25.1 MBI went to the Bogleheads Conference with high hopes I would convince guests that small cap value should be at least a small part of every equity portfolio. Many respond that they have all the small cap value they need in a total market index like VTI. Why I failed: I only had 20 minutes, as compared to 45 a couple of days earlier for the NYC AAII Chapter. I took a dozen slides out of the shorter presentation but still had at least another dozen tables and graphs to address in the 20 minut...
The best advice this year
October 11, 2023 13:20 - 24 minutes - 17.2 MBIn this week’s podcast I focus on two topics: The first is the culmination of a 10 year project that just took a giant leap forward. As you know the mission of our Foundation is to help do it yourself investors make better investment decisions. The bottom line is we want to help them improve their financial future. While it is not addressed in our written mission, it is our desire to have the work continue beyond what the present group of volunteers can provide. That means finding a st...
The Lifelong Process of Financial Education
October 04, 2023 15:48 - 1 hour - 83.9 MBHow Can Mindfulness Help You Reach Financial Independence? Do you want to reduce money anxiety, but don’t know who to trust? Would you like to learn how to set up and manage your own retirement plan? Do you want to know how we create a passive income stream you can’t outlive? If yes, join us and learn how to answer the 4 critical financial independence questions: Am I on track for financial independence? What do I need to do to get on track? How do I design a mindful investing portfol...
Pros and cons of target date funds and Ken Fisher's advice
September 27, 2023 12:36 - 29 minutes - 20.2 MBPaul opens with information on the Oct. 11 AAII presentation. Here is the link to sign up. There was a time when Paul was very critical about target date funds. But important circumstances made him more accepting of the important value of target date funds. He discusses why he changed his mind but explains why he still thinks you should build the glide path on your own. He also responds to Ken Fisher’s comments about the small cap and large cap historical returns. In the discussion Paul r...
Paul and Tom on Talking Real Money
September 20, 2023 11:58 - 34 minutes - 49.3 MBTom Cock and Don McDonald record a daily podcast Talking Real Money and a 2 hour radio show on KNWN (previously KOMO) each Saturday afternoon from 12 to 2. Last Saturday Don was taking a day off and Tom asked me to join him. While I was in their studio I asked Tom to join me for a discussion about the challenges of educating investors as well as giving some advice to those interested in building a career as a financial advisor. Here are a few of the topics we discussed: How to teach in...
Expected future returns, difference in total market returns, lessons from 1928 to 2023 risk and return and more
September 13, 2023 12:50 - 1 hour - 62.9 MBWatch the video here. Chris Pedersen and Daryl Bahls join Paul to answer questions from investors of all ages. 1: I hold a REIT fund in my tax deferred account but have found other funds include REITS. Am I overweighted in REITS and what should I do about it? 2: Are all total market index funds created equal? Should there be meaningful differences in returns? Chris compares the returns of 4 total market funds using Portfolio Visualizer. 3. I am a 79 year old retiree who wants to us...
Chris Pedersen podcast and video
September 06, 2023 14:13 - 41 minutes - 38.2 MBFinancial Feast Pod is a new podcast focused on simplifying personal finance, with each segment dedicated to understanding and implementing the most important financial decisions. In this podcast Zach and Kevin interview Chris Pedersen about “2 Funds for Life”. Not only will you learn about Chris’ book but the hosts ask a lot of questions about the Foundation and Chris’ favorite food. Topics: 2 Funds for Life explained Risk and return of 2FFL How to use 2FFL in a 401k To rebalance or...
SPIVA REPORT: One of the most important studies on fund returns
August 30, 2023 11:42 - 32 minutes - 21.7 MBThe podcast opens with a heads up on an exciting AAII presentation on October 11 at 6:30 EST. Paul will make a one hour presentation on "The Case for Small Cap Value: The Good, the Bad and the Ugly.” This presentation will include some interesting new tables that give a new perspective to this productive equity asset class. After Paul speaks, Chris’ presentation will focus on 2 Funds for Life in retirement and how to select the Best In Class ETFs. One of Paul’s favorite Truth Tellers, Ben...
Everything & Everyone Underperforms Eventually
August 23, 2023 13:13 - 30 minutes - 21.8 MBThe podcast opens with Paul reading and discussing Ben Carlson’s recent article on the collapse of bonds,“Everything & Everyone Underperforms Eventually.” Paul references a table of returns that compares Short, Intermediate and Long Term Treasures. Paul also references a table of Fixed Income Returns during years with S&P 500 loss. The following short article is referenced in a discussion of Bill Miller and Legg Mason Value Trust's 15 year record of returns ending in 2005.Russel Kinne...
How will investing be different in the future and 7 AAII Q&As
August 16, 2023 12:28 - 33 minutes - 24.7 MBOn July 22 Chris Pedersen spoke to the Orange County AAII Chapter. This podcast, as well as one on 8/9/23 (20 Q&As) and another on 8/2/23 (16 Q&As) address questions that arose from the presentation. This podcast covers a few more AAII questions plus other recent questions. Topic 1: What is the difference between investing today vs. 40 years ago? And how is investing likely to be different in the future? 01:11 Topic 2: Will the new Avantis All Equities Market Value ETF be a good s...
Better than Wellesley and Wellington? and 19 other questions
August 09, 2023 13:49 - 1 hour - 59.8 MBOn July 22, 2023 Chris Pedersen addressed the Orange County Chapter of the American Association of Individual Investors. At the end of his 2 hour presentation there were many unanswered questions. Our last podcast and video addressed 16 of those questions. In this podcast Paul responds to 20 more of the AAII questions. 1. How do you feel about using a balanced fund such as Vanguard Wellington in retirement? 01:44 2. I subscribe to your mantra of index funds, keep costs low, buy and ho...
AAII Orange County Chapter Q & A
August 02, 2023 11:17 - 1 hour - 70 MBOn July 22, 2023 Chris Pedersen gave a 2 hour online presentation to the Orange County Chapter of the American Association of Individual Investors (AAII). The title was “Best In Class Fund Selection and Behavior.” Over 650 people attended the presentation, a record turnout for our presentations. The video will be available in the coming weeks. While Chris answered many questions during his presentation, there were over 60 questions remaining unanswered. In this podcast and several t...
The Worst Investment Advice I Know
July 26, 2023 08:57 - 56 minutes - 37.2 MBSome of the worst investment advice I know happens to millions of investors each year. Between paying commissions, paying higher expenses, paying more taxes, being less diversified, and sitting on too much cash, so-called experts encourage investors to hold investments that are built to make as much as 2 to 4 percent less PER YEAR. Paul uses Tables 1 and 2 to show the impact of making an extra .5 and 1 percent a year. Click here to view all the tables. He also references information fr...
New Avantis ETF, free curriculum, good news or bad
July 19, 2023 15:14 - 43 minutes - 32.2 MBPaul announces Chris Pedersen’s upcoming AAII presentation on Saturday, July 22. The 2 hour Zoom presentation will begin at 8:45 a.m. Chris will discuss how portfolio asset allocation, fund selection and investor behavior impact the returns we get for the risk we take. He’ll also show some practical approaches to help us all come closer to being best-in-class in all three of these areas. The public is invited to attend this webinar. Please share this information with your family and ...
Does anyone really buy & hold and more Q&A
July 12, 2023 13:34 - 48 minutes - 34.7 MBOn this week's podcast Paul addressed a couple of very important questions: 1. Is there really such a thing as a buy and hold investor? 2. What can an investor do to improve their chances of staying the course through all market cycles? 3. Many of your portfolios don’t include international equities. Should investors use portfolios that don’t include any international funds? The following links were referenced in the podcast: https://paulmerriman.com/wp-content/uploads/2023/04/7-Sound-Inv...
The most important investment decision you will ever make
July 05, 2023 15:56 - 43 minutes - 30.9 MBWhile the industry generally agrees the most important investment decision is your choice of asset allocation, Paul makes the case that the choice between being a do it yourself investor vs. hiring a professional advisor is much more impactful over a lifetime. Paul discusses the many challenges of both decisions and finishes by showing DIY investors what they should do to be sure they address all of the risks investors accept, with or without a professional advisor. Paul uses ChatGPT as th...
Ben Felix- New Truth Teller and Q&A
June 28, 2023 13:12 - 33 minutes - 22 MBPaul starts the podcast with an update on the Bogleheads Conference. For those who want to see a sample of last years presentations here is a link to all of the 2022 presentations. https://boglecenter.net/bogleheads-university/ For those interested in 2023 Conference, including list of speakers: https://boglecenter.net/conferences/ For this interested in exploring John Bogles archives: https://boglecenter.net/bogle-archive/ Paul is working on a list of 80 quotes investors might use to...
ChatGPT offers shocking investment information!
June 21, 2023 12:00 - 47 minutes - 33.9 MBThere is no question AI is a hot topic. I have watched “end of the world” interviews with people who know a lot more than I do about AI. In a recent poll, noted in The New Yorker, half of A.I. scientists agreed that there was at least a ten-per-cent chance that the human race would be destroyed by A.I.” I have also watched marketing people use Chat GPT to create very good marketing pieces. So I thought it’s time to find out how good a source of general and specific investment advice C...
Dave Ramsey, small cap value and a "new" 4 fund portfolio
June 14, 2023 13:56 - 30 minutes - 21.4 MBPaul starts the podcast encouraging listeners to check out the latest video where Chris, Daryl and Paul answer questions from readers, listeners and viewers regarding the article, podcast and video about the Sound Investing Portfolios 2023 Update. The following are the links that were used in the video: Asset Class Index CAGR Comparison (1927-2023) Table H2 - Sound Investing Portfolios Performance (50-50) - 2022 Table H102 - Sound Investing Portfolios Performance (70-30) - 2022 Paul als...
What rate of return can I count on in the future?
June 07, 2023 13:03 - 27 minutes - 19 MBPaul starts the podcast with a brief discussion about the new “financial Literacy for All Students” project at Western Washington University (WWU). The Merriman Financial Education Foundation, WWU, and Paul personally, are working together to make this project a reality in the next two to three years. The main topic of the podcast focuses on the returns investors should expect in the future. Paul reviews the 5, 10, 20, 50 and 80 years ending 2022, as reported by Dimensional Fund Advisors...
8 Steps to a “Great Financial Future”
May 31, 2023 14:32 - 39 minutes - 26.4 MB"It’s good to learn from your mistakes. It’s better to learn from other people’s mistakes.” Warren Buffett There are easy choices in the investment process. Much of the advice we offer is very simple and without much disagreement. On the other hand there are choices that must come after a thoughtful understanding of long term historical results along with an understanding of your need for return and personal risk tolerance. Jerzy Gregorek says it simply (not about investing). “Hard choi...