Paul has noticed a trend over the last 20 years as an investor coach: He is only asked for radio and TV interviews when things don’t seem to be going well. Paul talks about why he doesn’t mind because investors need a coach who teaches, challenges, and encourages them to have discipline when times seem hard. Paul again addresses something that has hurt so many investors over the years: letting fear and marketing campaigns convince you that gold is safer than the market. Later in the show, Paul talks about optimism and the race to make a more efficient air conditioner.

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Today, Evan asks Dan about what he sees as a stumbling block for most investors: their 401(k) options. Dan breaks down why the most common target date funds (TDFs) come up short in every category that PWI looks for in a diversified portfolio. Listen along as these advisors look at some options in a 401(k) and how an advisor can keep you from having a portfolio with higher risk and lower potential returns. Evan closes the show with some good news about the average 2023 tax burden by state.

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Today, Evan and Dan come up from the Cool Springs office to give Paul a much needed vacation. Evan starts the show by talking about the Fourth of July and the foundational freedoms required to dream, save and invest. Both advisors talk about Evan’s recent trip to Israel and why having an experienced tour guide makes a huge difference when you’re navigating something new — whether it be a new country or a topic like money and investing. Later in the show, Evan breaks down a Wall Street Journal article titled “Investors are Pouring Money into this Modified S&P 500 Stock Market Strategy.”

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Today, Paul continues his conversation about target date funds (TDFs) and explains what kinds of companies these funds actually own. Paul explains that these funds grossly favor larger companies over smaller ones, growth companies over value, and US companies over international. All of this adds up to much higher risk and lower returns. Listen along as Paul shares why investing in a target date fund is similar to betting your future on the success of the seven largest US companies.

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Fewer companies are offering pensions in today’s job market, which leaves investors having to choose their own retirement products. Today, Paul explains that target date funds (TDFs) have become such a popular product because they are easy to sell to people who don’t understand much about investing. Listen along as Paul breaks down some of the language used to sell target date funds to employers and investors and explains why they don’t perform as advertised.

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Today, Paul explains that the basics of investing are easy to forget and that emotions often play a bigger role in investing decisions than we’d like to think. One example of this that is easy to spot is American investors and American investment firm’s obsessing over US companies. Listen along as Paul explains how American investors get groomed to believe that the market is only US companies, and how investment firms either sell products that are overweighted in US companies or only sell international funds after they’ve gone up and are “easier” to sell. Both of these practices violate the basic investing principles of diversification and avoiding marketing timing. Later in the episode, Paul finds an article that addresses the stress of stepping away from adult children financially and helping them learn independence.

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