The Investor Coaching Show with Paul Winkler

Simple Hacks To Take Control of Your Finances

Wed, 19 Aug 2026 01:00:00 -0500

Regardless of your stage of life, there are always a few good reasons not to save for retirement. Paul wants you to know that, for most people, the status quo is to spend what you make and try to provide the best quality of life for yourself. But what happens when you can’t work anymore? Today, Paul shares some of his favorite behavioral hacks to help you go from living paycheck to paycheck to feeling more confident about money. Part of the problem is not a lack of self-control, but a world that makes it easy to spend and difficult to save, and there are things you can do to flip the script.

Later in the show, Paul addresses the concern that markets and income are just too different now to save for retirement than they used to be. Paul shares how choosing the right investments and saving a reasonable amount will beat out aggressive saving and investing in the wrong things every time.

Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.

This material is for general educational purposes only and is not personalized investment, ﬁnancial, tax, or legal advice. Past performance does not guarantee future results. Nothing here is an offer, solicitation, or recommendation for any security or strategy. All ﬁnancial decisions involve risk, and you should consult qualiﬁed professionals before acting on this information.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Former Treasury Secretary Talks About Economic Worries

Tue, 18 Aug 2026 01:00:00 -0500

Many Americans fear that America's economy may be surpassed by China’s and that China’s use of AI may affect the future of the world’s job market and economy. Today, Paul brings an interview with Hank Paulson, former Treasury secretary, about both topics that sheds light on the country and some of the more nuanced issues that the media doesn’t always cover.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

A Battery Breakthrough That Could Change More Than Technology

Mon, 17 Aug 2026 01:00:00 -0500

What if the next generation of batteries didn’t need rare earth minerals? Today, Paul shares an article about new battery technology that uses common materials like iron and salt instead of relying on rare earth minerals. Paul and Evan discuss how an innovation like this could have huge implications for everything from cars and phones to airplanes and energy storage. It could also reshape the geopolitical landscape by reducing the world’s dependence on China for critical battery materials.

Later, Evan shares a personal story that offers an important lesson for investors: Making a few mistakes with your diet usually isn’t catastrophic, but making even a few poorly timed decisions with market timing or stock picking can have a lasting impact on your financial future.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

This Explains Why We Don’t Recommend Real Estate As an Investment

Sun, 16 Aug 2026 01:00:00 -0500

Choosing whether or not to buy your primary residence is different from considering real estate as an investment. Today, Paul shares a commercial that says Nashville is the second-best buyer’s market for real estate in the U.S. Paul cautions that this also means it's the second-worst for sellers. Listen along as these two advisors explain why this doesn’t count as investment education, but rather a pitch to sell you real estate. They then explain why they don’t recommend real estate as an investment and how it performs compared to other investment options.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Why You Won’t Ever See a Market Forecast From Paul Winkler, Inc.

Wed, 12 Aug 2026 01:00:00 -0500

Large investment companies lead with the claim that they are fiduciaries and that they align their interests with yours, but then they turn around and market time with your money. How does this happen? Today, Paul explains the two main philosophies investing companies have and how they lead to completely different styles of management, fees, and performance.

Later in the episode, Evan shares that ease and convenience can be a trap for your spending and offers some simple steps you can take to add a small amount of friction between you and companies vying for your hard-earned money.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Ask These Questions, and You’ll Unlock the Key to Confident Investing (Part 2)

Mon, 10 Aug 2026 01:00:00 -0500

If you don’t know what questions to ask, you’ll never discover what it means to be a confident investor who can truly relax about money. Over the years, Paul has seen many potential clients and knows how to spot people who are ready to get off the industry treadmill and become confident investors. In this two-part episode, Paul talks about an investor he met with this week who was asking the right questions, and he pulls you into the conversation by sharing the questions that will lead you in the right direction.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Ask These Questions, and You’ll Unlock the Key to Confident Investing (Part 1)

Fri, 07 Aug 2026 01:00:00 -0500

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

“How Do Fund Companies Hide Their Poor Performers?”

Thu, 06 Aug 2026 01:00:00 -0500

Many investors get pulled into a portfolio or fund that has performed well, only to find that they don’t ever enjoy the returns that were described. Today, Paul answers a question about why fund companies never seem to have poorly performing funds. Paul shares that mutual fund companies phase out “bad” funds and hold onto good ones, which gives investors the impression that they will get in on the past performance of an investment.

Paul pivots to the news that gold has gone up, but that doesn’t make it a good investment now. Paul explains relative loss, a concept that will help you understand that when your account goes up, that doesn’t mean it performed well or that you even received the return of the investment you’re in.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

25 Years of Teaching Investors To Ignore the Sales Pitch

Wed, 05 Aug 2026 01:00:00 -0500

Paul looks back at how “The Investor Coaching Show” began 25 years ago and the people, relationships, and lessons that helped shape its mission. From the beginning, the goal was to challenge the financial industry's sales-driven messages and provide investors with education grounded in academic research. Paul explains why much of what is presented as investing education is actually designed to persuade people to move their money — often benefiting the broker more than the investor. Listen along to hear why the principles behind confident investing have remained remarkably consistent throughout the show’s history.

Later in the show, Paul shares that you should avoid investment trackers that follow famous investors. These are just a sales pitch that are trying to use your instinct to go toward pleasure against you.

Risk in Investing Is Different Than Most Investors Think

Mon, 03 Aug 2026 01:00:00 -0500

Today, Evan looks at a few more questions confident investors should be able to answer: What is risk tolerance, and how much personal risk should you take in your investing journey? He explains how the balance between stocks and bonds — and between different types of stocks — affects the returns you might expect and the ups and downs you might experience along the way. Listen along as Evan explains why successful investing is not about putting money into the market and hoping for the best but building a portfolio you can feel confident about through the years because you're getting fairly compensated for the risk.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Is a Section 351 Exchange a Tax Loophole — or a Legitimate Planning Tool?

Fri, 31 Jul 2026 01:00:00 -0500

More investors are starting to ask about Section 351 exchanges, a little-known part of the tax code that can allow someone to move appreciated stocks into an ETF without immediately paying capital gains taxes. Evan breaks down how the strategy works, who may be able to use it, and why it probably won’t come up in most investors’ financial plans. He also looks at why Section 351 exchanges are getting more attention from regulators and whether they are a smart planning strategy or simply a tax loophole.

Later in the episode, Evan talks about taxes on student financial aid and what families should know about Trump Accounts.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

If You Can Answer These Basic Market Questions, You’re Ahead of Most Investors

Thu, 30 Jul 2026 01:00:00 -0500

What is the stock market, how do investors get paid, and how should you choose which investments to own? Evan shares several questions from a list of 20 that every confident investor should be able to answer. He explains why understanding these basic principles can help you evaluate financial advice, avoid common investing mistakes, and make more informed decisions. Listen along to learn how building a strong foundation of investment knowledge can give you greater confidence in your financial future.

Later in the episode, Evan asks, “Have you developed your investment philosophy?” and explains why this is a crucial step for an investor.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

AI Financial Planning - User Beware

Wed, 29 Jul 2026 01:00:00 -0500

Will AI eventually replace human financial advisors? Evan shares how a client recently used ChatGPT to learn about their financial plan and prepare for a more productive meeting. Evan explains the difference between using AI to make investment decisions for you and using it as a tool to become a more confident investor. Listen along as Evan brings in an article that explains the biases and weaknesses of AI and discusses why technology can provide information but cannot ask the right questions, care about your goals, or help you connect your money to its true purpose.

Later in the episode, Evan shares the 20 questions confident investors are able to answer and why understanding your true purpose for money is about more than just your financial well-being but also your mental health and physical health.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Stop Waiting To Build the Future You Want

Mon, 27 Jul 2026 01:00:00 -0500

Whether retirement is 10 years away and you are disappointed by how little you have saved, or 30 years away and you are skeptical of the entire system, it is easy to lose hope and convince yourself that your future self will figure out all the details. Today, Paul shares the mindset and steps he used to gradually transition from fear of the future to confidence about finances. At the end of the day, you work hard for your money, and you deserve to have some of it left over each month. Listen along to hear some practical steps for getting off the sidelines and beginning to save and invest with purpose.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Private Equity: Low Returns. No Liquidity. Still Being Hyped.

Fri, 24 Jul 2026 01:00:00 -0500

In this episode, Paul breaks down an interview that promotes private equity while also admitting that individual investors may be better off avoiding it. With returns near 1.5%, limited liquidity, and benefits aimed more at insurance companies than households, the sales pitch quickly falls apart. Listen along to hear how Wall Street and the media are an endless hype machine that encourages you to put your money in trends and then disappears into the background with no accountability when they fail.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Could the Federal Deficit Hurt the Stock Market?

Thu, 23 Jul 2026 01:00:00 -0500

For decades, financial pundits and economists have warned that a large U.S. budget deficit could hurt the market and cause pain for investors. Today, Paul notices that the same warnings are circulating again and pushes back on fears about higher taxes, rising interest rates, and companies having a harder time borrowing money. Listen along as Paul explains why the market has remained a powerful wealth-building machine through changing deficits, tax policies, and economic conditions. Paul also shares why reacting to economic headlines can cause investors to miss the long-term wealth creation that markets have historically provided.

Later in the episode, Paul discusses the disadvantage of having your home or business as your biggest asset instead of an investment portfolio.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Private Equity Is the Latest Distraction Keeping Investors From Market Returns

Wed, 22 Jul 2026 01:00:00 -0500

Private equity is the product being pushed right now. Investors are constantly told that the next strategy, product, or private-market opportunity could deliver better results. Today, Paul explains how the industry uses those claims to keep investors chasing trends instead of following a consistent, evidence-based approach. Listen along as Paul shares why successful investing requires you to slow down and educate yourself so that you can stop being a sales opportunity for the industry and start making confident investment decisions.

Later in the episode, Paul brings an article called “The Tax Strategy for People Suffering From Stock-Market Success” and talks about why getting lucky on a risky investment strategy could actually be one of the worst things to happen to you because it keeps you from seeing the risks until it’s too late. The conversation focuses on choosing an investment strategy based on tax advantages without considering the whole picture.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Confident Investors Know How To Spot Bad Financial Information

Mon, 20 Jul 2026 01:00:00 -0500

One of the strongest skills confident investors develop is learning how to recognize information that is incomplete, misleading, or designed to sell something. AI is not reliable enough to provide personalized financial advice, media outlets often use fear and urgency to attract attention, and even major insurance and mutual fund companies offer “education” that steers investors toward their own products. Today, Paul breaks down an advertisement for private equity investing to show how easily sales messaging can be disguised as financial education.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Trump Account vs. 529. What Do You Pick When Investing for Children?

Fri, 17 Jul 2026 01:00:00 -0500

On July 4, Trump Accounts were signed into law and are now available as an option to invest in your kid’s future. Many investors are curious about the $1,000 government contribution and how these accounts stack up against other investing options, like the 529 plan. Today, Paul and Evan share some important details about the accounts and whether this changes the landscape of saving and investing for minors.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Index Funds Bought SpaceX. So Why Didn’t the Stock Go Up?

Thu, 16 Jul 2026 01:00:00 -0500

Many investors expected SpaceX’s addition to major indexes to create a surge in demand and push its stock price higher. Instead, the price fell. So what did investors misunderstand?

Paul and Evan explain why forced buying from index funds does not automatically create lasting returns. Over time, a company’s stock price must be supported by its earnings, risks, and underlying value — not simply by a temporary increase in demand. The struggle SpaceX investors are having right now is that they jumped into a company the market still doesn’t know how to properly evaluate.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Fidelity Predicts Low Large U.S. Returns — so Why Is So Much Client Money Still There?

Wed, 15 Jul 2026 01:00:00 -0500

Fidelity is forecasting relatively weak returns for large U.S. stocks over the next 10 years. Yet, much of the money it manages remains heavily invested in that same category. In this episode, Paul and Evan examine why the financial industry continues to treat large U.S. stocks as the center of the investing universe and explain how these companies use “professional market forecasts” to encourage market timing, product sales, and portfolios that may leave investors with less than the market has to offer.

Later in the episode, Paul shares why confident investors don’t feel the need to predict which companies, sectors, or asset classes will win next.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

When You Hear “The Market Is Down,” You’re Not Hearing the Whole Story

Mon, 06 Jul 2026 01:00:00 -0500

When people say “the market is down,” they may not be telling the whole story. In reality, there isn’t just one market, and the way your portfolio is diversified can make a big difference in how you experience market movement. Today, Paul explains why broad statements about the market can be misleading and how it’s easy to get confused when there are two types of diversification: diversification of companies within an area of the market and diversification between different areas of the market. Listen along to learn why understanding the difference can help you think more clearly when headlines make it sound like everything is moving in the same direction.

Later in the episode, Paul shares how some tech industry speculators are still split on the outlook of Musk's companies and are betting against them.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

5 Reasons You Might Not Convert to a Roth IRA

Fri, 03 Jul 2026 01:00:00 -0500

A client calls Paul unsophisticated because he doesn't actively use a specific Social Security analysis software or push clients to do Roth conversions. The reality is that Roth conversions are a huge marketing tool for companies. Investors love the idea of making a sophisticated tax move, but Roth conversions don’t make sense in every situation. Listen along as Paul shares five compelling reasons not to flip your traditional IRA into a Roth IRA.

Later in the episode, Paul shares another strategy marketed to investors that seems sophisticated but earns a large commission for the salesperson.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Watch This "Legendary" Market Timer Get Called Out on National Television

Thu, 02 Jul 2026 01:00:00 -0500

It’s a common misconception in the investing industry that bigger is always better. If someone manages $85 billion in investments, shouldn’t they be a pro? Unfortunately, this is rarely the case. Today, Paul shares an interview on national television in which a Wall Street “legend” really gets pressed on his 20+ years of bad investing advice. Listen along as Paul describes what a “permabear” is in investing and how people can make a living scaring people out of investing in stocks.

Later in the episode, Paul and Arlene share that individual investors aren’t the only ones who can try to stock-pick, as major index funds jump to add SpaceX to gain credibility and follow the trend.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

How to Become Financially Independent: 6 Habits That Matter Most

Wed, 01 Jul 2026 01:00:00 -0500

You go through two different phases with money in life. In the first phase, you work for money. In the second, your money begins working for you. No one wants to enter retirement only to find themselves dependent on family or the government because they weren’t prepared for that transition.

In this episode, Arlene Brown joins Paul to discuss six habits that can help you build greater financial independence. Together, they share the common traps they’ve seen clients fall into, the lessons they’ve learned along the way, and why discovering your true purpose for money will help you follow through on these steps and become more confident around money and investing.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Does Your Adviser Believe It’s Their Job To Market Time for You?

Mon, 29 Jun 2026 01:00:00 -0500

Does your adviser believe that it’s their job to make sure you’re in the “right” part of the market at the right time? Today, Paul and Jim talk about why it’s important to read through the ADV of your firm because it explains what your adviser believes their job actually is and how they will manage your money. Find someone who will not market time with your money under the code words of “tactical asset allocation” and “fundamental analysis,” because research shows there is no compelling evidence that any of these strategies work better than staying invested.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Free Dinner Workshops Are a Cash Cow for the Industry

Fri, 26 Jun 2026 01:00:00 -0500

There is an entire side industry in the investing world that teaches advisers how to give free dinner workshops and presentations to make sales. Paul and Jim talk about how the industry works to emotionally manipulate you by offering something free, knowing you will feel obligated to give something in return. Listen along as these two advisers discuss a PSA from AARP about the growing number of financial scams tied to free dinner events, with a special focus on annuity sales presentations. Later, Paul talks about saving, paying off debt, and understanding taxes, and poses the question: Is it better to retire with a $1 million home or $1 million in a retirement account?

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

SpaceX Isn’t Invincible: Don’t Break Market Timing Rules for Any Company

Thu, 25 Jun 2026 01:00:00 -0500

After all the hype over SpaceX in the last few months, some investors were convinced they should break a basic investing rule and try to time the market. Today, Paul and Jim talk through the first week of SpaceX as a public company and why they believe investors should avoid trying to time the market, regardless of how compelling a company or cryptocurrency may appear. Listen along as these advisers help you understand why a company can be successful and also be a bad investment. Later, Paul looks at the headlines in the Middle East and shares why successful investing doesn’t depend on predicting the outcomes of companies, economic events, or geopolitical conflicts.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Financial Freedom or Financial Trap? Why the FIRE Movement Is Dangerous for Most

Wed, 24 Jun 2026 01:00:00 -0500

An investor works really hard to live off a side hustle, maximize saving, minimize spending, and retire by 25. Sounds great, right? Today, Paul and Jim challenge the idea of the FIRE (Financial Independence, Retire Early) movement and what happens when you put financial independence as your ultimate objective. Paul explains that FIRE retirees may open themselves up to a life in which they miss personal milestones, worry about shrinking portfolios, and struggle to find work because they don’t have an active work history. Listen along as Paul helps you see the full picture around purpose, work, and money, and why the FIRE movement could seriously backfire.

Later in the episode, Paul warns investors that advisers are putting private equity in portfolios because it’s a trendy new option without explaining the risks to you.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Why Your First House Feels Out of Reach

Mon, 22 Jun 2026 01:00:00 -0500

Today, Paul shares a lot of rhetoric around why first-time homebuyers can’t get into a home. Most people think that housing regulations or lifestyle are to blame. Paul recognizes that buying a home will likely require a combination of discipline, compromise, and luck. For those thinking about buying a house for the first time, Paul shares some guidelines he would follow. Paul also explains that if ownership is truly important to you, you might have to lower your expectations for your first home or get scrappy to own a home.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Life Insurance “Investment” Sales Pitches Are Convincing. Let’s Walk Through One.

Fri, 19 Jun 2026 01:00:00 -0500

Paul opens the show by talking about his experience in insurance sales at the beginning of his career. In these companies, advisors are taught to “smile and dial” and move products that make them and the company the most money. Listen along as Paul shares a video in which an insurance salesperson talks about LIRP and IUL plans and how he tries to sell them. Paul and Evan push back and teach you why these products are not recommended as accumulation vehicles and how to avoid getting sold one.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Social Security Could Run Out by 2032? Here's What That Really Means.

Thu, 18 Jun 2026 01:00:00 -0500

A recent headline claims Social Security could deplete its trust fund as early as 2032, leaving many retirees wondering if their benefits are at risk. In this episode, Paul and Evan separate fact from fear by breaking down what "running out of money" actually means, how Social Security is funded, and what would likely happen if the trust fund were exhausted. Paul encourages young people to get in and start saving because we don’t know what Social Security will look like, and if you start now, you give yourself more options for the future. Evan wants investors to know that if an 18-year-old saves $1,000 and applies the rule of 72, they could have $60,000 when they’re 64.

Later in the episode, should you pay off all consumer debt before you invest in a 401(k)? Paul and Evan talk about how this is a personal decision, but want you to know that you won’t ever get that employee match back if you want to invest to pay the debt first. That could be a huge loss down the road.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

SpaceX Is Now Public: You Didn't Miss Out

Wed, 17 Jun 2026 01:00:00 -0500

SpaceX finally went public, and investors everywhere are wondering the same thing: "Should I have invested in the IPO?" If you didn’t get in on SpaceX (SPCX) on Friday, don't worry — you may have dodged a bullet. Listen along as these two advisors discuss how impossible it is for the market to evaluate a company like this properly, the data we have on IPO performance, and why a confident investor wouldn’t rush to jump in during such an emotional investing moment. Later in the episode, Evan shares about the concept of “wealth creation” when talking about Musk becoming the first trillionaire ever and explains the difference between hoarding wealth and creating it.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Can One Influencer Move Bitcoin? Commodities Don’t Work Like Stocks.

Mon, 15 Jun 2026 01:00:00 -0500

What happens when an asset's value depends entirely on what someone else is willing to pay? In this episode, Paul breaks down the key differences between investing in stocks and owning commodities like Bitcoin. He explains why stocks are backed by the earnings power of companies, while commodities rely on supply, demand, and investor sentiment. You'll also hear how a single influential voice can spark dramatic price swings in the crypto market — and what that means for investors.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

The “Golden Grind”: How Many People Are Still Working After 65?

Fri, 12 Jun 2026 01:00:00 -0500

Most people picture retirement as something they'll choose on their own terms. But what if life has other plans? In this episode, Paul examines why many people end up working longer than they expected, while others leave the workforce earlier than they planned. From health issues to family obligations, retirement timing is often influenced by factors beyond our control. Learn why preparing now — not later — can help ensure you're ready to make the most of whatever retirement looks like for you.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

SpaceX IPO: Who Will Actually Make All the IPO Money?

Thu, 11 Jun 2026 01:00:00 -0500

The SpaceX IPO is already upside down. SpaceX's valuation would place it among the largest companies in the S&P 500, yet its revenue tells a very different story. In this episode, Paul explains how buying an IPO is fundamentally different from trading other stocks in the market and what that matters for investors. Later in the episode, Paul wants you to know how to spot a market “forecast” and explains that pundits are paid to make these predictions and don’t have to be accountable for the losses investors experience because of them.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Why Everyone Needs an Investing Coach in Their Corner

Wed, 10 Jun 2026 01:00:00 -0500

Not all financial planners provide advice that aligns with your goals. In this episode, Paul shares lessons from 30 years in the gym and explains how the right weight coach can help you avoid mistakes, uncover blind spots, and reach your goals faster. He discusses why the same principles apply to money and investing and how the right guidance can help you become a more confident, successful investor.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Robinhood Lets You Use AI To Make Trades for You

Mon, 08 Jun 2026 01:00:00 -0500

Robinhood has made a fortune from selling the idea of day trading and gambling to investors. Today, Paul and Jim talk about the most recent move Robinhood has made to allow you to connect your account to an AI trader who will make investment decisions for you. Listen along as these two advisors discuss why they believe this is one of the worst ideas they’ve heard to date and how a company can get away with this despite regulations designed to protect investors.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

If Timing the Market Works, Why Doesn't Anyone Agree on the Timing?

Fri, 05 Jun 2026 01:00:00 -0500

If timing the market truly works, then why doesn’t anyone agree on when you should get in or get out? Today, Paul brings a blatant example of market timing advice that many investors fall for because they believe they’re listening to an expert. Listen along as these two advisors discuss all the most common market timing strategies people try, even though none of them are proven to work for any meaningful amount of time.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

The Billionaire Debate Is Missing the Bigger Picture

Thu, 04 Jun 2026 01:00:00 -0500

Why are billionaires becoming the centerpiece of so many political conversations? In this episode, Paul and Jim explore the economic ideas often left out of the debate. They discuss how wealth creation, incentives, and entrepreneurship have contributed to longer life expectancies and higher standards of living worldwide. They also explain why financial literacy matters more than ever and share a real-life example of a high-income earner who still struggles with debt, proving that income alone doesn't guarantee financial success.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Big Tech Concentration: The Media Got the Problem Right — But the Solution Wrong

Wed, 03 Jun 2026 01:00:00 -0500

Today, Paul and Jim break down an interview in which two financial media pundits correctly inform investors that having too much in large U.S. tech companies is risky, but then claim the fix is to invest in private equity and commodities. Listen along to hear why Paul and Jim disagree with these proposed solutions that ignore the research suggesting these areas may introduce uncompensated risk to your portfolio. Later in the episode, Paul and Jim get into SpaceX, the largest IPO in history, and explain why they believe chasing IPO excitement may not serve investors well over the long term.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

IPOs Look Exciting — Here’s the Catch

Mon, 01 Jun 2026 01:00:00 -0500

From SpaceX to OpenAI, IPOs are dominating the news cycle right now. Today, Paul and Evan share why IPOs look so exciting and how they entice investors to invest emotionally because they appeal to your desire to avoid missing out on the companies and technology of the future. Listen along as these two advisors explain why IPOs like SpaceX and OpenAI sound like incredible investments and reveal the realities of IPOs that don’t get shared by financial media outlets.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Roth vs. Traditional and How To Take an Income in Retirement

Fri, 29 May 2026 01:00:00 -0500

Today, Paul and Evan continue their conversation about getting educated and understanding how to be a confident investor in retirement. Listen along as these two advisors discuss whether or not to put your money in a Roth or traditional IRA and explain some of the rules around taking an income in retirement that maximizes the money that you worked so hard to earn in your earning years. Later in the episode, Paul brings an article that claims you should always have 90% of your portfolio in equities and explains why the industry is so bad at understanding the purpose of bonds.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Becoming Educated for Retirement. Paul Breaks Down 30 Years of Lessons (Part 2)

Thu, 28 May 2026 01:00:00 -0500

This week, Paul watched a video from another advisor in which he attempts to condense 30 years of investing lessons into 20 minutes. Getting educated is important, but it’s not a quick process. Paul Winkler, Inc. has worked for decades to create confident investors through education. Listen along as Paul and Evan cover a few fundamental retirement concepts and discuss predicting your income with income calculators, as well as navigating your Social Security benefits to fit your needs.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Becoming Educated for Retirement. Paul Breaks Down 30 Years of Lessons (Part 1)

Wed, 27 May 2026 01:00:00 -0500

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Crypto Faces a Regulatory Turning Point in the U.S. Will This Deflate Its Value?

Mon, 25 May 2026 01:00:00 -0500

The draw for many crypto investors has been owning something that isn’t tied down to any specific government or bank. Now in 2026, the U.S. moves aggressively to implement sweeping regulation over these digital assets. Today, Paul and Dan address a question on many crypto investors' minds: Will regulation add to the value of crypto or completely defeat its purpose? Listen along to hear why a more stable crypto scene won’t create a superior investment to a properly diversified portfolio.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

These Fees Are Crazy: A Full Breakdown of the Expenses of Annuities

Fri, 22 May 2026 01:00:00 -0500

In 2025 in the U.S. alone, insurance companies and insurance salespeople sold almost half a trillion dollars of annuities. Today, Paul and Dan explain how so many people get sold on a product they don’t fully understand and offer a real breakdown of the fees and commissions of various annuity products.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Alternative Investments Can Turn Long-Term Investors Into Short-Term Gamblers

Thu, 21 May 2026 01:00:00 -0500

The industry is working really hard to push alternative investments right now. The pitch is that the old way is broken and that these new investments are the true path forward to building wealth. Today, Paul and Dan talk about how frustrating it is to watch well-meaning investors get sucked into these sales pitches and fail to understand how risky and misleading these products are. In all the jargon and marketing around alternative investments, no one is ever honest about the risks. Listen along as these two investors share some of the biggest alternative investment traps and how investments like crypto, real estate, municipal bonds, private equity, and commodities can turn long-term investors into short-term gamblers.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Excitement Around the SpaceX IPO Is Peaking. Should You Invest?

Wed, 20 May 2026 01:00:00 -0500

Today, Paul and Dan discuss how the SpaceX IPO is dominating headlines, leading investors to wonder whether they will miss out if they don’t jump in. Listen along as Paul shares some painful stories about investors taking a big gamble on single companies and why IPOs are hype machines designed to underperform. Later in the episode, Paul pushes back against the idea that AI is propping up a weak economy and shares an interview that suggests we haven’t yet seen the full value this new technology can bring to companies and investors.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

This One Stat Makes You Most Likely To Run Out in Retirement

Tue, 19 May 2026 01:00:00 -0500

Many retirees don’t realize that suffering major portfolio losses during the first few years of retirement can dramatically increase the odds of running out of money later on. In this episode, Paul and Evan explain sequence of returns risk, why early retirement losses can be so damaging, and whether your portfolio is designed to withstand difficult market environments — or vulnerable to them.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Why AI Needs Regulation: Tech Leaders Don’t Share Everyone’s Values

Mon, 18 May 2026 01:00:00 -0500

Paul and Evan pick up on a conversation about AI and regulation that makes an important but overlooked point: Tech leaders don’t share the same values as the average American. Listen along to hear some ideas these two advisors have that would help protect the American public around AI content and why regulation may be more of a publicity boost for AI companies than a genuine safeguard for its users.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Robinhood Made Investing Simple — But at What Cost?

Fri, 15 May 2026 01:00:00 -0500

Many investors are drawn to platforms that promise everything in one place. But when investing becomes too easy, it can also become more dangerous. Companies built to maximize engagement often push the flashiest, most speculative products — making impulsive decisions easier than thoughtful investing. In this episode, Paul and Evan break down an interview with Robinhood’s CEO about prediction markets and explore the difference between an “all-in-one” investing app and a financial advisor who understands your goals and wants you to understand investing.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Is AI Propping Up the Economy? This Is Why We Diversify

Wed, 13 May 2026 01:00:00 -0500

Today, Paul and Evan start the show by discussing the common misconception that investing is simply learning about companies so you can pick the “right” ones. The two advisors explain that this method doesn’t even work for the brightest minds in the industry. Paul shares an interview from the news this week that claims the economy would be soft without the influence of AI. Listen along to hear how this claim connects to the myth of picking winners and learn how confident investors use diversification to build portfolios that won’t fail during the market’s natural ups and downs.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

10 Sneaky Expenses Draining Your Bank Account

Mon, 11 May 2026 01:00:00 -0500

Paul and Jim talk about those pesky expenses that seemed good at the moment but aren’t really making your life any better. Listen along as they walk through an article that shares 10 things that aren’t really worth the money anymore, and Paul discovers he has quite a few in-app subscriptions on his phone that he didn’t realize he was still paying for.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul & Jim: The Industry’s Other Side — Advisors Represent Firms, Not Clients

Fri, 08 May 2026 01:00:00 -0500

Today, Paul and Jim talk about the harsh realities of the investment industry as they walk through their professional journeys from working as salespeople at major investment firms to personal financial advising and coaching. Their biggest takeaway: The major companies groom employees to represent their own interests and sell their own products. Listen along as these two advisors talk about the difficult nature of working for a company that will only pay you when you sell products and will take all your clients when you try to walk away.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

This Shark Tank Pitch Would Put Your Retirement at Risk

Thu, 07 May 2026 01:00:00 -0500

Today, Paul shares a pitch that was recently made on Shark Tank. It’s a business called Parrot Finance. You attach your brokerage account, you choose the portfolio of well-known rich and famous investors, and then, boom, all of a sudden you’re investing in the kinds of products and portfolios that wealthy investors have had access to all along. Listen along to hear why investing like the rich almost never works and why a product like this would put your retirement at risk.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

11% No-Risk Real Estate? Let’s Break It Down

Wed, 06 May 2026 01:00:00 -0500

Investing is not about knowing which products to pick. It’s about finding the right process and sticking with it. Today, Paul gives you a crash course in how to spot product-based marketing and pick it apart using a recent TV ad with a football star and a real estate product that sounds better than it is. Throughout your investing journey, you’ll be tempted to reach for products like real estate, dividend-paying stocks, target-date funds, and annuities to take an income in retirement. Confident investors know these aren’t the answer and know why.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Making Sure You Leave Space for Fun in Retirement

Mon, 04 May 2026 01:00:00 -0500

Paul isn’t shy about sharing his love for flying cars. Sometimes people have a hard time getting motivated to save for retirement because they lump it in with other adulting tasks like dental work or jury duty. Today, Paul shares that you should leave some space for fun and dreaming about the future, and you should find ways to stay motivated toward saving. Paul then pivots to discuss how many older investors are getting scammed out of thousands by people they should be able to trust the most.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Unexpected Family Expenses: How Families Shift To Raise Children

Fri, 01 May 2026 01:00:00 -0500

Today, Evan brings an article that shows when people have time to plan, they make very different decisions when unexpected expenses arise. Listen along as Paul and Evan talk about how having a family changes your financial needs and priorities, and share some of the basic financial literacy tools that can help a family rise to meet their financial needs. Later in the episode, Paul shares a clip from CNBC that shows that the investing industry is celebrated for giving investors whatever they want, even when they are obviously harmful products.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Large U.S. Doesn’t Win Every Year, but They Won’t Even Look at International Value. Why?

Thu, 30 Apr 2026 01:00:00 -0500

Today, Dan talks about his experience at an investing workshop and explains how frustrating it is when the industry knows how to make a diversified portfolio, and that those portfolios would perform better than many of the products they offer, yet most investors come into PWI offices with a portfolio that is overweighted in large U.S. companies. Listen along to hear how the industry uses ratings, short-term past performance, and other emotional sales pitches to sell you yet another large U.S. fund, and why investors get sucked into investing in your “team” instead of taking an academic approach. Later in the episode, Evan brings a WSJ article about how investors who invested in private credit funds are losing big now that these private companies are defaulting on their loans.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

The Industry Wants You To Trust Them As the Experts. This Is a Big Trap.

Wed, 29 Apr 2026 01:00:00 -0500

Today, Paul, Evan, and Dan discuss a story about an advertisement in which the company basically says, “You won’t have to worry about any of this because we’ll be worrying about it for you.” Listen along as these investors explain why you never want to hear this from a company that sells you products. Over the years, PWI has found that your concerns about money and investing go away when you learn and educate yourself, not when you blindly trust people who don’t have to live off of your retirement. Later in the episode, Evan talks about how future brides are now buying dresses that are too small and taking GLP-1s. The clothing sellers are making them sign waivers confirming that they don’t fit yet and can’t be returned. All of this is a great metaphor for how investors try to predict market futures.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Should Economics Be a College Requirement? Paul Thinks So

Mon, 27 Apr 2026 01:00:00 -0500

Today, Paul talks about how many high schools have wanted to replace basic economics education with personal finance. The problem is that most high schoolers won’t use any personal finance information for a decade, and research shows that their retention of the information is low. Listen along as Paul explains why the foundational concepts of capitalism create a world where personal wealth is up and so is quality of life, but market timers and proponents of communism and socialism believe the same thing: A small group of smart people can create wealth and prosperity for everyone. The problem is that it hasn’t ever worked. Paul thinks that learning the foundations of economics can create more confident investors.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Risk in Investing Is More Complex Than You Think

Fri, 24 Apr 2026 01:00:00 -0500

Most investors hear the word “risk” in investing and assume it only refers to the likelihood of losing all their money on an investment. Today, Paul explains why the concept of risk in investing is more complex, covering topics such as sequence of returns risk, benchmarking, and whether stock markets are riskier today than they were in the past. Later in the episode, Paul discusses a 20-year-old day trading rule that was recently overturned, which will likely generate more revenue for companies and increase risk for traders.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Spring 2026 Economic Update: Is Innovation Dragging Down the Economy?

Thu, 23 Apr 2026 01:00:00 -0500

Today, Paul gives an update on the state of the U.S. economy and explains why the jobs and equities markets haven’t struggled the way many people predicted they would in 2025 and 2026. Listen along to hear about how the FED, technology companies, and job markets are working together to respond to AI and innovation in the workplace. Later in the episode, Paul answers a listener's question about how much of your portfolio needs to be held in bonds in order to weather downturns and still take an income in retirement.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

An Investment Pays You To Borrow Your Money. It’s That Simple.

Wed, 22 Apr 2026 01:00:00 -0500

Today, Paul shares the first thing to look for when you see something that claims to be an investment: a clear cost-of-capital story. Many financial products claim to be investments, but at the end of the day, they are not paying you to borrow your capital. Listen along as Paul shares why financial products that don’t have a cost of capital can be dangerous, confusing, and come with difficult-to-measure risk. Paul also answers a listener's question about closed-end funds (CEFs). Later in the episode, Paul pushes against the growing pessimism that things are worse now than they used to be, sharing an article about how the upper middle class in the U.S. has been growing steadily over the last few years.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Could Speculative Weather Trading Improve Weather Forecasting?

Mon, 20 Apr 2026 01:00:00 -0500

Today, Evan shares an interesting story about how speculative weather markets could be valuable to businesses that rely on weather forecasting to make decisions by crowdsourcing information about local weather patterns. Listen along to hear why the losers for speculative markets (a.k.a gambling) are always the traders and how these speculative markets don’t appear out of nowhere, but are usually started by companies or industries that partner with trader platforms to get information from users. Later in the episode, Evan discusses some inventions from the last century that have revolutionized the world and how capitalism is the best source of invention and prosperity because it rewards people who take risks.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

The Market Is Flooded With Smart Investors Who Set Prices Together

Fri, 17 Apr 2026 01:00:00 -0500

The news is full of headlines that sound like expert advice for concerned investors, but the reality is that most of the news is about people trying to predict the future. Today, Evan discusses two powerful ideas that can lead you away from market timing and toward a portfolio that can withstand market fluctuations: market efficiency and the humility to acknowledge that no one can predict the future. Usually, being an educated and confident investor means tuning out the news and sticking to your plan.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

How Much Can You Gift a Family Member Before Having To Tell the IRS?

Thu, 16 Apr 2026 01:00:00 -0500

Did you know that you can now give up to $19,000 as a gift each year without needing to file a form on your tax return? Today, Evan covers some basic information about how you can help set your children and grandchildren up for financial success through gifting. Listen along as Evan covers the different kinds of accounts available and the lifetime gifting amount updates available to people in 2026.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

National Financial Literacy Month: How Is Your Financial Literacy?

Wed, 15 Apr 2026 01:00:00 -0500

“The Investor Coaching Show” is here to help you relax about money by teaching you the fundamentals of money and investing and helping you avoid common investment traps. Today, Evan jumps into a conversation about financial literacy in light of April being National Financial Literacy Month. Few people are really given a proper financial education growing up, but financial literacy doesn’t mean knowing every financial term out there. Listen along as Evan breaks down some basic concepts we use to help investors stay on track and relax about money.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Professional Financial Pundits Are Not Financial Planners

Mon, 13 Apr 2026 01:00:00 -0500

Anytime a well-known pundit or financial personality encourages you to pay to join an investing club for inside information, you should walk away. Today, Paul shares some recent financial advice from Jim Cramer, how often he has flip-flopped, and how the research has proven that people would be better off doing the exact opposite of what he has recommended. This isn’t just specific to Jim, but it is the reality of a whole industry full of pundits pretending to be your financial planner.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Investment News: SpaceX IPO, Hot ETFs, and a Timeline for the War in Iran

Fri, 10 Apr 2026 01:00:00 -0500

Today, Paul shares some of the most common concerns that investors are bringing to the office right now and why it’s helpful to talk to an advisor about what you’re seeing before you assume that it works with your financial plan. Listen along as Paul shares insights about the SpaceX IPO, a popular ETF with questionable returns, and Trump’s announcement regarding a timeline for the war in Iran, and helps you see some of the risks that aren’t being discussed in the news.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Most Investors Are Watching Their Retirements Shrink Because of This Portfolio Problem

Thu, 09 Apr 2026 01:00:00 -0500

Today, Paul focuses on the vast majority of American investors who are blindly trusting the industry and are now overweighted in one of the year’s most poorly performing market segments. Listen along as Paul explains why overweighting in large U.S. companies has been an industry favorite for years, even though investment firms know this practice leaves investors vulnerable to numerous risks. Paul also explains how focusing your attention on the most well-known and profitable companies can actually weaken your portfolio. Later in the show, Paul shares how Blue Owl investors wake up and pull over $5 billion from the company's private equity funds.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Fear, Greed, and Loyalty: The Easiest Way To Make a Commission

Wed, 08 Apr 2026 01:00:00 -0500

Paul started his financial career the way most people do: learning about financial products from insurance companies and brokerages, then trying to sell those products to investors for a commission. Listen along as the Investor Coach shares some inside industry information to help you understand that the whole industry is designed to appeal to your fear, greed, or loyalty to sell you solutions to problems that the industry has invented. Paul explains how to spot these sales tactics and what you need to become a more confident investor.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

How Do You Know an Investment Firm Is Right for You?

Mon, 06 Apr 2026 01:00:00 -0500

Unfortunately, it is not difficult to get into the investment industry as a financial planner with no experience and very little education. However, each firm aggressively markets itself as the most qualified and most sophisticated fiduciary to help you manage your wealth and meet your goals. Today, a listener asks Paul: In an environment like this, how can you know that an investment firm is really right for you? Listen along as Paul explains that looking at an advisor’s planning process and education experience tells you everything you need to know to avoid making the wrong choice.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Diversify and Hold: The Confident Investor’s Strategy

Fri, 03 Apr 2026 01:00:00 -0500

Investors who responded to the war in Iraq are now faced with a dilemma: Is it time to get back in the market? Are the U.S. and Iraq in talks that could move markets up, or is this just the beginning of a long slump in equity markets? Today, Paul explains why market timing is impossible to master. Listen along to hear why confident investors don’t rely on headlines and luck, but on a strategy that helps them reach their financial goals in the long term. Later in the episode, Paul explains why getting into a product with low liquidity creates fundamental problems for maintaining a healthy portfolio.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Why Do We Invest in Bonds? Why Not Buy an Annuity Instead?

Thu, 02 Apr 2026 01:00:00 -0500

It’s very common for financial professionals to convince investors that stocks are too risky and bonds won’t perform well enough to provide an income from your portfolio. Their solution almost always involves selling you confusing, high-commission annuity products. Listen along as Paul shares why annuities are a very bad replacement for bonds and why the people who don’t understand why they own bonds are the most likely to fall for this trap.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Annuities, Bonds, Stocks, Commodities, Real Estate: Not All of These Are Investments

Wed, 01 Apr 2026 01:00:00 -0500

Only a few things are truly considered investments. There’s a good chance that you’ve heard of investment options recommended from an advisor or family or friends that don’t meet the criteria to be called an investment. Today, Paul walks through some of the most popular options people turn to when they want to invest and explains how confident investors can distinguish between investments and financial products.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Is Owning the S&P 500 Enough for Retirement?

Mon, 30 Mar 2026 01:00:00 -0500

Paul and Jim tackle the overconfidence that many investors have in large U.S. stocks and explain why owning the S&P 500 alone doesn’t lead to confident investing, but to sequence of returns risk, lack of diversification, and worry over the health of U.S. companies and markets. Listen along as these two advisors share why you need to move from a product approach to a process approach to your investing. Later in the episode, Jim covers some new information the industry has about the strategies scammers are starting to use to get you doing what they want.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Texas Court Tosses Fiduciary Rules: A Big Win for Insurance Companies

Fri, 27 Mar 2026 01:00:00 -0500

Texas throws out a Biden-era fiduciary rule giving insurance companies more license to sell bad products to people who don’t fully understand them. Today, Paul and Jim talk about how the industry uses the term “fiduciary” to build trust, but can just as easily push you toward products that are in the agent's best interest as well. Listen along to hear why fiduciary rules don’t fix the industry, but why removing them gives big insurance companies a lot of confidence to be misleading.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

The Investor Coach Answers: Should I Use My Age As My Bond Allocation?

Thu, 26 Mar 2026 01:00:00 -0500

Paul answers a few popular questions directly from listeners of the show. Listen along as Paul responds to an investor who wants to know if the common strategy of using your age to determine your bond allocation is a reliable way to keep your portfolio healthy through retirement. Later in the episode, a listener wants to know how you monitor and manage the hidden trading costs inside a portfolio. Paul answers his question and explains how the industry uses “low-cost” to sell funds and where expenses rank among the criteria he considers in a fund.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

The Investor Coach Answers: How Will the War Affect Markets?

Wed, 25 Mar 2026 01:00:00 -0500

Today, Paul answers a few popular questions directly from listeners of the show. Listen along as Paul starts with a burning question for most investors: How will the war in the Middle East affect markets and investors saving for retirement? Later in the show, Paul addresses a listener's question about whether he has changed his position on owning precious metals, such as silver, given their widespread use in technology.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

The Design of Your Portfolio Determines Its Performance

Mon, 23 Mar 2026 01:00:00 -0500

Everyone wants to fly in an airplane that has been carefully designed and constructed. The design of the airplane determines its performance. Today, Evan explains that the same principles apply to the design of an investment portfolio and can be the difference between reaching your destination and having to bail out in an emergency landing.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

The Investor Dilemma: Why It’s Hard for Investors To Relax About Money

Fri, 20 Mar 2026 01:00:00 -0500

Today, Evan talks about the investor dilemma. A common problem is that investors try to feel more comfortable by predicting the future and buying funds with good track records. As tempting as this may be for investors, it leads to emotional investing decisions and taking uncompensated risks. Listen along as Evan explains all these concepts and shares how to get out of this fear cycle and on the path to confident investing.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Adults Over 60 Are Losing Billions to These Scams. Don’t Be One of Them.

Thu, 19 Mar 2026 01:00:00 -0500

Adults over 60 are much more likely to be the victim of a scam than of a violent crime or robbery at their home. Today, Evan shares an article highlighting the tactics used by scammers who are successfully stealing billions of dollars from people over the age of 60. Later in the episode, Evan discusses whether FINRA should be merged with the SEC and whether Wall Street’s primary regulatory authority can properly keep brokerage firms in check while remaining independent.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

The War in Iran: Oil Is Up. Stocks Are Down. How Are Investors Doing?

Wed, 18 Mar 2026 01:00:00 -0500

Today, Evan jumps straight into the headlines and shares how the war in Iran is doing two things most people expected: pushing stock prices down and oil prices up. But how are these changes affecting investors? Listen along as Evan covers this and discusses why the market hasn’t dropped enough to be considered a major dip, and whether the change in oil prices will cause a major disruption to your investments.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Paul and Evan Cover Basic Financial Questions

Mon, 16 Mar 2026 01:00:00 -0500

How much should you have in an emergency fund? And why? How do you make a personal budget that works for you? Is life insurance important? When am I ready to buy a house? Today, Paul and Evan cover these questions and more to help anyone who wants to know where they stand become more confident about money and investing.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

The Headlines Are Out of Control. Remember Positive News Takes Longer To Get Out.

Fri, 13 Mar 2026 01:00:00 -0500

Paul shares some headlines that make it seem like the world is out of control and going to get worse. With these inflammatory headlines, Paul describes two psychological realities that can keep you from getting sucked into the fog of fear. Listen along as Paul reminds you that good news takes a while to hear and that people often remember the past as rosier than it actually was. Paul explains how you can move from worrying about the headlines to truly relaxing about money.

Later in the episode, Paul talks about the rise and decline of plant-based meat companies, and an investor he remembers being all in on these companies. Paul segues into how any investor can get sucked into venture capital and the idea of being on the front lines of new businesses.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

“People Should Be Free To Do What They Want.” Do We Really Believe That?

Thu, 12 Mar 2026 01:00:00 -0500

Evan shares a few rules about Trump Accounts that have come out recently. Paul segues to an interview where the Robinhood CEO is pressed about an obviously dangerous investment that the SEC is shutting down. His response was, “People should be free to do what they want.” Paul pushes back hard to remind investors that this product is hurting investors and would be the equivalent of a drug dealer making the same comment about a drug that is killing the people who take it.

Later in the episode, Paul talks about the importance of teaching your kids about money and investing because the wealth you built through discipline can disappear if your heirs don’t understand how to manage it.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Another War in the Middle East Poses a Trap To Disciplined Investors

Wed, 11 Mar 2026 01:00:00 -0500

Over the last week, we’ve heard many stories and predictions that remind us of events that have happened in the Middle East in recent history. When the news gets this big, even the most disciplined investors are tempted to respond to current events and make an emotional investing decision. Today, Paul and Evan read an article arguing that a real democratic revolution in Iran seems impossible until it happens. Listen along as these two advisors share why making investment decisions based on current events is a trap and how confident investors are humble enough to live with uncertainty, avoid market timing, and emerge on the other side.

Later in the episode, Evan discusses his research on the worst wars of the last 100 years and the market growth that occurred during those years, asking, “What happened to the people who went to cash knowing that war was coming?” Evan and Paul want you to know that people who are trying to get you out of the market right now don’t understand how wars affect companies.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

In Trying Times, You Don’t Need an Investing Club. You Need a Proven Method.

Mon, 09 Mar 2026 01:00:00 -0500

Paul brings Jim Wood on the show to discuss the current climate and why it leaves investors vulnerable to people taking advantage of them. In a world where threats of war, a 24-hour financial news cycle, and an industry full of market timers dominate, investors are in danger of getting pushed into their emotions and then making changes that make the market makers money. Paul tells investors they don’t need an investing club to get ahead; they need a Nobel Prize-winning method that helps them reach their goals. Later in the episode, Paul talks about an important conversation you can have with your spouse to help you both feel more confident about your finances.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

“I’m 45 and Expect a Good, Long Recession.” Here’s What He’s Doing About It.

Fri, 06 Mar 2026 01:00:00 -0500

Paul and Jim share a somewhat funny take in MarketWatch from an investor who is all over the place, but actually represents many people who are still trying to beat markets and be “good” at investing. Listen along as these two investors talk about how markets go up during recessions and why being a good investor isn’t about looking at all the news and trying to get your money in the right place at the right time. Later in the episode, Jim shares four signs to watch out for to avoid getting scammed out of a lot of money. Always remember, “If it sounds like it’s too good to be true, it probably is.”

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Worst Case in Iran: How Should Your Portfolio Perform During a Decline?

Thu, 05 Mar 2026 01:00:00 -0500

Paul and Jim discuss the news in Iran and its unfolding developments. Listen along as these two advisors cover why uncertainty, war, and changing prices aren’t necessarily signs of market decline. How should your portfolio perform during a decline? Paul and Jim answer these questions and try to give you a bigger picture and possible positive outcomes that the media will never talk about. Paul and Jim talk about a veteran who wants to give their child a chance at a better financial future and wants to know if a Roth IRA is a good option. The advisors discuss the benefits of a Roth IRA and what they would walk through as an advisor before recommending a Roth IRA, 529 plan, or a non-qualified account. Later in the show, Paul and Jim discuss Trump Accounts and whether or not you should take advantage of the free $1,000 for new family members.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Is a War in Iran Likely To Hurt Your Retirement?

Wed, 04 Mar 2026 01:00:00 -0500

It has been a big week for headlines with the joint attacks in Iran, leaving many investors questioning how this might affect markets and gas prices in the short term. News this significant makes investors ask, “What am I supposed to do?” Paul and Jim give their honest take on the current events in Iran and discuss some misconceptions about wartime and markets. Listen along as Paul teaches how war has historically affected markets and why war and downturns aren’t actually as dangerous to your retirement as market timing and reacting to the news.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

People Buy Milkshakes Early in the Morning. A New Product Is Born.

Mon, 02 Mar 2026 01:00:00 -0500

Evan talks about how McDonald's discovered that most of their milkshakes were sold before 10 a.m., which sparked a heavily sold product that keeps many businesses running: the frozen coffee beverage. Listen along as Paul and Evan discuss how flexible and dynamic businesses can be and why trying to pick the winners out of the crowd has proved to be a bad tactic for investors. Later in the episode, Paul and Evan talk about private equity and why the industry seems to only focus on the upside: because it makes the industry a lot of money. Evan encourages investors to exchange the word “private” with “unregulated” and consider whether you want to put your money in unregulated equities.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Bitcoin’s Decline: Can It Compete With the Dollar? Does It Work as an Investment?

Fri, 27 Feb 2026 01:00:00 -0500

Bitcoin drops 40%, but proponents try to claim that volatility is decreasing. Paul and Evan discuss the fundamental issue with trading a commodity that lacks a practical application in the world and competes with one of the most stable forces globally: the U.S. dollar. Listen along as these two advisors share a CNBC interview that’s working hard to spin some sort of upside to this investment. Later in the episode, Paul talks about how investments get priced and how this affects Bitcoin's limited supply.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

When Will the Tide Turn in Overseas Markets?

Thu, 26 Feb 2026 01:00:00 -0500

Most diversified portfolios are not just even amounts of U.S. and international holdings. It’s more nuanced than that. Over the last few months, we’ve seen pundits who for years have encouraged investors to only own large U.S. companies but are now pushing international stocks because they have been outperforming the U.S. for a while. Paul and Evan remind you that confident investors don’t rely on past performance and news cycles to make investing decisions. Later in the episode, Paul talks about an investor who called the office this week to ask about a specific financial product.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Looking at Younger Investor’s Robinhood Account: Staying Curious and Humble

Wed, 25 Feb 2026 01:00:00 -0500

Paul chatted with a curious young investor this week who was eager to share what he was investing in and ask for some constructive feedback. Listen along as Paul and Evan talk about showing investors the funds that have overlapping stocks and don’t offer more diversification. Paul and Evan share how this young investor was trying to follow the fundamentals of investing, but some of the most popular products in the industry aren’t designed to follow them. Later in the episode, Paul and Evan discuss markets and the economic effects of tariffs following this week's Supreme Court ruling on the Trump tariffs.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Technical Analyst Shows Their Hand: Bad Market Timing and Wild Speculation

Mon, 23 Feb 2026 01:00:00 -0500

Many fund companies love to tout the strength of their technical analysis. They claim to have market experts poring over company books to see what should be in your portfolio and what should be out. Today, Paul shares a clip of a technical analyst really showing their lack of basic investment knowledge. Paul encourages you not to tie up your retirement with people who claim to be experts at market timing but ignore the basic rules of investing. Later in the episode, Paul discusses how younger people are being taught to view investing as entertainment, as predatory companies target the most active investors, encourage people to engage in “predictive markets” (aka gambling), and turn earnings reports into NFL-like post-game interviews.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Watch Out: Mortgages That Last Longer Than the House

Fri, 20 Feb 2026 01:00:00 -0500

Imagine your house falling apart before your mortgage is even up. Unfortunately, this could become a reality for many homeowners. Homes are being built faster, bigger, and with lower-quality materials than they were 50 years ago. Today, Paul shares the devastating consequences when builders cut corners using materials and methods that aren’t built to last and homeowners don’t do their due diligence. Later in the episode, Paul does the work for you and looks through the disclosures Yrefy hides at the end of their TV ad. The disclosures clearly state that the investments are high-risk and untradeable, and liquidity is not guaranteed — even though the ad says otherwise. Paul warns, “Read the fine print yourself.” You won’t regret it.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

3 Myths of Investing: If You Know These, You’re Ahead of Most Investors (Part 2)

Thu, 19 Feb 2026 01:00:00 -0500

This week, we’re walking through some investing myths. It's super easy for people to get pulled into these myths because they appeal to our instincts and our emotions. Our instincts tell us to go toward pleasure and away from pain. Listen along as Paul walks you through some of the stickiest traps in the industry and shares guiding principles that should inform your investment decisions.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

3 Myths of Investing: If You Know These, You’re Ahead of Most Investors (Part 1)

Wed, 18 Feb 2026 01:00:00 -0500

This week, we’re walking through some investing myths. It's super easy for people to get pulled into these myths because they appeal to our instincts and our emotions. Our instincts tell us to go toward pleasure and go away from pain. Listen along as Paul walks you through some of the stickiest traps in the industry and shares guiding principles that should inform your investment decisions.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

What Keeps People From Saving for Retirement? Are You on Track?

Mon, 16 Feb 2026 01:00:00 -0500

Today, Evan shares research about what keeps people from saving for retirement. The list was long and included daily expenses, paying off debt, and caring for aging parents or children. The same research also concluded that people were starting major milestones later, but still felt confident about their retirement income. Listen along as Paul and Evan talk about how to know if you’re on track and how to overcome some of the practical and mental barriers to reaching your goals.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Edward Jones Head of Investment Strategy Encourages Investors to … Market Time

Fri, 13 Feb 2026 01:00:00 -0500

Today, Paul shares an interview with the Edward Jones head of investment strategy, where she’s pressed about the lackluster performance of the area of the market most of their investors are in: large U.S. companies. She finally admits that they are still “feeling good” about the U.S. economy, but now might be a good time to consider diversifying in smaller companies and international companies. Paul and Evan are pretty shocked that a Harvard Business School graduate, who helps millions of investors, would so blatantly tell investors to buy based on past performance and then call it diversification.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

We’re Not a Huge Fan of Trump Accounts. Here’s Why.

Thu, 12 Feb 2026 01:00:00 -0500

Today, Paul and Evan answer a listener's questions about Trump Accounts and how the investments get managed. Listen along as the two advisors cover the restrictions on investments, the low contribution limits, and the tax implications of using one of these accounts to invest for minors. Then they pivot to a question about a possible rule change to the order in which you can make retirement and catch-up contributions. After the break, Paul discusses how adding private equity investments to your portfolio puts your future in the hands of companies that don’t have to provide basic reports about the health of their business.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Bitcoin Has Dropped By Half Since August. Why Are Investors Digging in Their Heels?

Wed, 11 Feb 2026 01:00:00 -0500

Today, Paul and Evan talk about the catastrophic drop in Bitcoin’s value and why Bitcoin traders keep digging their heels in, hoping for a brighter future. Listen along as these two advisors share how personal bias and financial news spin keep this risky digital commodity that few people understand alive through hectic bouts of demands and sell-offs. Later in the episode, Paul discusses a refinancing company called Yrefy that is paying media personalities to push a product that sounds nice, but the numbers don’t add up. Paul cautions that if it sounds too good to be true, it is.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Choosing Your Investments Based on Your Time Horizon

Mon, 09 Feb 2026 01:00:00 -0500

This week, Paul has been methodically taking you through the basic principles of building a portfolio that will help you reach your goals. We’ve looked at how cash, bonds, and stocks work together to minimize risk and talked about why picking high-yield bonds and individual stocks opens you up to non-systematic risk (aka risk you wouldn’t get compensated for). Today, Paul discusses the final step in building a portfolio: letting your time horizon be the determining factor in where you allocate the money in your investments.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Asset Class Investing: The Key to Avoiding Uncompensated Risk

Fri, 06 Feb 2026 01:00:00 -0500

When we discuss investing in the stock market, most people think of investing in individual stocks. Paul shares that the returns with this approach are problematic. Listen along as Paul and Arlene talk about a different approach called asset class investing and explain the difference between picking individual stocks and investing in commingled investment vehicles.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Cash, Bonds, and Stocks: What's in Your Portfolio and Why? (Part 2)

Thu, 05 Feb 2026 01:00:00 -0500

A diversified portfolio contains a mixture of cash, bonds, and stock investments. Not knowing how these assets work together leads to some of the most common and harmful investing traps. Today, Paul invites Arlene Brown onto the show to explain how cash holdings, bonds, and stocks can work together to limit your risk of short-term market fluctuations and long-term inflation. Listen along as these advisors go into detail about the strengths and pitfalls of having investments in each category.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Cash, Bonds, and Stocks: What's in Your Portfolio and Why? (Part 1)

Wed, 04 Feb 2026 01:00:00 -0500

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Cathie Wood Got It Wrong in 2025, but What Does She Think About 2026?

Mon, 26 Jan 2026 01:00:00 -0500

Paul shares a clip this morning that shows just how low the standard is for what financial media views as “credible” investing information. Listen along to hear an interview with Cathie Wood, CEO of Ark Invest, where she discusses the mistakes she learned from in 2025, which cost investors millions, and tries to get airtime to spin the 35% drop in Bitcoin as a victory in this market. Then, Paul addresses a listener who works a very physically demanding job and is in a tricky position, where long-term disability insurance is very expensive, and it’s possible that they won’t remain employed until retirement age. Paul shares some options for supplementing your income if you are not yet at the normal Social Security age.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

The Average Car Payment Is $780/month. Is That a Problem With the Market or With Human Behavior?

Fri, 23 Jan 2026 01:00:00 -0500

When most people buy a car, they take on a substantial car payment. But how long does the high of having a nice new ride really last? Today, Paul discusses why government intervention in making cars easier to buy has historically led to chaotic markets and other economic issues. Listen along as Paul explains why it’s difficult to really meaningfully change your level of happiness through things like new car purchases and how you can start to chart a course forward where the things in your life support your sense of purpose, instead of you spending your time and money working off things that don't bring you joy. Later in the episode, Paul addresses a listener who is curious about when you should start building up assets in a non-qualified account instead of a pre-tax account.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

What Happens if the Dollar Drops? Understanding the Cause and Effect of a Weaker Dollar

Thu, 22 Jan 2026 01:00:00 -0500

Today, Paul brings in a WSJ article that provides a list of potential events this year that could weaken the dollar against other world currencies. Paul wants confident investors to remember that you shouldn’t change your plan based on what may or may not happen in the future. Then, Paul explains why a weaker dollar isn’t always a bad thing for the U.S. economy, and why investors who follow the industry are more likely to be hurt by a weakening dollar. Later in the episode, would it be helpful for people to tap their 401(k) for a down payment on a home? Paul covers an article about a Trump administration plan to borrow from yourself to buy a house, and discusses the unseen risks of removing money that is making compound interest for something you need now.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

When Paul Says "Capturing Market Returns,” Is That Just Code for Indexing Everything?

Wed, 21 Jan 2026 01:00:00 -0500

When Paul first started this show, indexing and target-date funds were not very popular at all, as the world experienced a decade where large U.S. companies struggled to generate any returns for investors. Fast forward another decade, and indexing and target date funds are now all the rage as investors believe that “indexing” is synonymous with great returns, low fees, and wealth in retirement. Indexing may sound like diversification, but Paul explains what really happens when millions of investors choose this path for their portfolios. Later in the episode, Paul shares where fund companies make the biggest mistakes with indexing and provides a blueprint for capturing market returns that won’t leave you overweight in a few companies.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Annuity Sales Are Dangerous. Here Is the Proof.

Mon, 19 Jan 2026 01:00:00 -0500

Paul runs into an annuity salesperson on Facebook who reveals that he made $300,000 in income in his first month and wasn’t remotely interested in helping people, but in showing off his skills to his peers. So, where does caring for clients fit into most of these sales? Paul shares the four steps people use to sell these products that you can look out for, and why it’s just not possible to trust high-commission products salespeople to look out for you when their companies are pushing them to produce sales.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

We All Have an Expiration Date. How Can You Live With Purpose?

Fri, 16 Jan 2026 01:00:00 -0500

Evan talks about a celebration of life service he attended earlier in the day and reflects on how you never know how long life will be and how having a strong sense of purpose changes your perspective about money. Listen along as these two advisors describe why investing just to be good at investing and have a lot of wealth is what sucks you into get-rich-quick schemes and marketing trends.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Your Home or Your Portfolio: Where Should Your Investment Money Go?

Thu, 15 Jan 2026 01:00:00 -0500

Paul and Evan get into a conversation about a common question for homeowners: Is it a better investment to put extra money in my house or in my portfolio? Paul talks about why you shouldn’t view your home as an investment unless you plan on selling it and moving into a tent. Listen along as these two advisors explain the importance of paying off or improving your home without viewing it as an investing decision. Later in the episode, Paul discusses how Trump is cracking down on corporate ownership of residential housing.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Jim Cramer’s Investing Club Leads To Stock Picking, Not Confidence in Investing

Wed, 14 Jan 2026 01:00:00 -0500

We often discuss being a confident investor on the show, but confidence is only helpful if it’s combined with a disciplined, evidence-based approach rather than behaviors such as market timing or individual stock selection. Today, Paul shares an ad for Jim Cramer’s investing club that he saw on CNBC, where a client claims she is confident and finally “in control” of her investments. The ad reveals that Jim teaches people to “win at investing” through market timing and stock picking. Paul and Evan explain why you shouldn’t follow someone who offers club memberships and provides stock-picking advice. Later in the episode, Paul and Evan answer a listener's question about the number of publicly traded companies in the stock market and how a diversified portfolio can be constructed.

Advisory services offered through Paul Winkler, Inc., an SEC-registered investment adviser.

Pundit Gives “13 Funds To Own in 2025.” How Did He Do?

Mon, 12 Jan 2026 01:00:00 -0500

Paul and Jim talk about a pundit who told investors which funds to own in 2025, and those funds had a return of over 14%. Paul admits that most investors who saw this increase in their portfolio would probably think they did pretty well last year. The problem is that without benchmarking, they wouldn’t realize that the funds did worse than the S&P 500 and underperformed the market's leading sector by 35%. Listen along as these advisors break down what is wrong with these investments and why benchmarking is the only way to know how your investments are doing.

Robinhood Found the Best Way To Make Money on You: Greed and Dopamine Addiction

Fri, 09 Jan 2026 01:00:00 -0500

Every investment company is working to sell you on the idea that they can help you build wealth through cutting-edge technology and financial expertise, but the reality is that many of these companies, like Robinhood, are making money off you through activating your emotions and trying to cultivate a dopamine addiction around the gamification of gambling. Listen along as Paul and Jim talk about some of the strategies Robinhood uses to mislead investors and take your money while claiming to help you earn big bucks. Later in the episode, Paul brings up a couple who moved to Ecuador and are living off of their social security benefits and discusses why this kind of behaviour may be enticing for people who didn’t make a plan, but could actually be quite dangerous.

Properly Preparing to Pass Your Finances to Your Loved Ones

Thu, 08 Jan 2026 01:00:00 -0500

No one likes to think about the day when they will no longer be here and their spouse or children will have to take on more responsibility in managing the family's finances. Today, Paul brings an article about the different approaches people take to preparing important information — such as your primary doctor, accountant, or attorney, as well as passwords and automated payments — as well as retirement accounts and their management. Listen along as Paul shares about PWI’s “love letter,” a document template that will help your family transition after you’re gone without adding stress to an already difficult time. Later in the episode, Tesla is betting their future on a completely automated workforce, but we still don't have the 20-hour workweek we were promised a few decades ago.

Big News out of Venezuela. What Does It Mean for Your Investments?

Wed, 07 Jan 2026 01:00:00 -0500

Paul talks about the news of America's capture of the Venezuelan president, Nicolás Maduro, and how this will lead to uneducated investors making one of the most painful money mistakes. Listen along as Paul talks about why responding to the news with either fear or greed comes from the basic misconception that investing is really just gambling or that knowing what will happen in the future gives you an edge in investing. Paul dispels these investing myths and encourages you to stay the course. Later in the episode, Paul shares a market prediction from Fidelity about 2025 that could have hurt your portfolio had you listened to one of the largest investment managers in the world.

Most Investors Fail the Diversification Test

Mon, 05 Jan 2026 01:00:00 -0500

Today, Paul shares some research that shows over 80% of investors near retirement have portfolios that lack diversification and that most investors equate large U.S. companies and cash with safety. The problem is that portfolios like these can be very difficult to take an income from and leave you vulnerable to market fluctuations. Listen along as Paul explains why a financial advisor can help teach the academic principles behind building a portfolio and why most fund companies don’t even sell funds that help investors make sure they are capturing market returns and minimizing risk.

Don’t Go Into 2026 Aimlessly. SMART Goals Could Help You in the New Year.

Fri, 02 Jan 2026 01:00:00 -0500

A new year provides a new opportunity to change your life for the better by reflecting and setting new goals. Today, Paul talks about why understanding yourself helps you actually reach your goals, instead of setting them and getting stuck in the same old patterns. Listen along to hear how you can work with your brain to overcome old patterns and have a better year in 2026. Later in the episode, Paul shares why sharing your goals with someone you trust can open new doors, bring meaningful insight, and increase your chances of success in the new year.

Crypto Investors Got What They Wanted in 2025, but Prices Keep Dropping

Thu, 01 Jan 2026 01:00:00 -0500

Last year should have been a great year for crypto investors. The digital assets received favorable treatment from a pro-crypto government, and the financial industry plugged the investment at every turn. Unfortunately, that didn’t make a positive difference in market prices. Listen along as Paul shares why this year brought more losses for people who have been swept up in the crypto craze and why it doesn’t look like the currencies will become better investments anytime soon. Later in the episode, Paul and Nik talk about a future of driverless cars and why changes in technology often lead to fear or greed.

The People Managing Your 401(k) Are Just Making It Up As They Go Along

Wed, 31 Dec 2025 01:00:00 -0500

Today, Paul explains that fund companies that offer your 401(k) plans are choosing investments that seem safe and popular. These low-cost funds focus heavily on large U.S. companies and keep your money out of the highest-performing markets of 2025. Paul explains how these fund companies have ditched academic research, forcing them to make it up as they go along. Later in the episode, Paul discusses the disillusionment of the youngest generation of investors and what might lead them to find purpose and success in their work and investing.

A New Offering in 401(k)s That Will Hurt Your Retirement

Mon, 29 Dec 2025 01:00:00 -0500

This year, private company funds made their way into 401(k) plans around the country. While Paul doesn’t think these funds adequately pay for your risk, there is another problem that makes these products even worse. Listen along as Paul and Evan explain why many investors will get sucked into a product where companies don’t have to disclose important information about their finances, which public companies are required to disclose.

Most People Would Admit It’s Better To Be Happy Than Wealthy. How Do You Do It?

Fri, 26 Dec 2025 01:00:00 -0500

Money is a tool to help you express what is most meaningful to you. People who have a good relationship with money typically have a deep sense of purpose. Today, Paul and Evan have a conversation about how younger Americans report feeling a lower sense of purpose, how to get on the right track about what’s most important to you, and how you can use money to help you live a meaningful life.

401(k)s Are Designed for Confusion. Educated Investors See Through the Fog.

Thu, 25 Dec 2025 01:00:00 -0500

Since 401(k)s are full of hidden fees, poorly diversified funds, stock picking, and market timing, how can you make the most of your employer-matched retirement option? Today, Paul and Evan explain why 401(k)s are designed to be confusing and misleading and how you can work with an advisor to learn what your options are and be a more confident investor.

All I Want for Christmas Is an S&P 500 Rally

Wed, 24 Dec 2025 01:00:00 -0500

Paul and Evan discuss the holiday season and how most investors have a large U.S. rally on their Christmas wish list this year. Listen along to hear the two advisors share why putting your hope in the industry and large U.S. companies usually leads to watching markets and having your emotions pulled around by things you can’t control. Later in the episode, Paul brings up how loyalty used to be meaningful to your insurance company and why it is important to occasionally shop around to see if there is a better deal.

Love What You Do and Prepare for the Day You Can’t Do It Anymore

Mon, 22 Dec 2025 01:00:00 -0500

Everyone will eventually reach a point where they can’t or no longer want to work. Paul and Jim discuss U.S. doctors who earn the highest wages in the world but dislike their jobs. Listen along to hear how purpose, work, and finances can either create a nightmare for you in the future or allow you to be flexible and choose what is best for you in any season. Later in the episode, Paul talks about Robinhood’s ADV and why it is crucial to look at ADVs before you give your money to trading platforms or fund companies.

Companies Are Marketing Against the 60/40 Portfolio Because They Mismanage Them

Fri, 19 Dec 2025 01:00:00 -0500

Paul and Jim cover an article and an interview that spreads misinformation about 60/40 portfolios and exposes the industry's problem with them: They never set them up or manage them correctly, and then complain about the results. Listen along to learn about why the industry wants to push you in other directions when taking retirement income and what the Nobel Prize-winning research says instead.

You Should Always Take Social Security at Age …

Thu, 18 Dec 2025 01:00:00 -0500

Today, Paul and Jim discuss an article that claims the math proves the optimal age to take Social Security is 70. Listen along as these advisors talk about why each plan is unique and some reasons it may be a bad choice to take it at that age. Confident investors know that taking benefits at a mathematically perfect age can be a trap, but learning about your own plan and goals can help you discover the right age for you to start taking benefits.

The Reason People Aren’t Becoming Homeowners in 2025

Wed, 17 Dec 2025 01:00:00 -0500

Paul and Jim open the episode by discussing a challenge that often sneaks up on newly retired investors: trusting the process and letting their money work for them. The two advisors then acknowledge the difficulty of becoming a homeowner in 2025 and share a few different opinions about why the average age of a first-time homeowner is now 40. Listen along as they break down these takes and add their experience to the conversation.

Robinhood Has Changed the Culture of Investing for the Next Generation

Mon, 15 Dec 2025 01:00:00 -0500

Getting investors to recognize the limitations of stock picking has always been a problem. Now, it is even more difficult because Robinhood has changed the investing culture for the next generation. Today, Paul, Evan, and Jim talk about how Robinhood has exploded by blurring the lines between investing, which requires patience and a long-term outlook, and betting, which focuses on entertainment and short-term results.

America in Decline: Economies Need Populations to Grow

Fri, 12 Dec 2025 01:00:00 -0500

Today, Paul, Evan, and Jim discuss why steady population growth is an important factor in an economy's health and prosperity. The problem is that population growth is difficult to affect through policy. Listen along as these advisors discuss how the U.S. government has worked to incentivize marriage and family, whether the Trump accounts are a similar tactic, and how policies that slow immigration also exacerbate the issue of population growth.

NASCAR Driver Sues Pacific Life for $8.5 Million Over Indexed Universal Life Policy

Thu, 11 Dec 2025 01:00:00 -0500

Paul, Jim, and Evan bring up a lawsuit between NASCAR driver Kyle Busch and Pacific Life. Busch was sold a life insurance policy that would allow him to pull out $800,000/year after he turned 52. After many attempts to talk with his agent, it seems his money is gone. Listen along to hear why insurance products that claim to be “safe” are even too risky for someone who drives race cars professionally.

No Plan and No Purpose: The Fastest Way To Make Someone Else Rich

Wed, 10 Dec 2025 01:00:00 -0500

Evan and Jim join Paul on the show today to talk about how easy it is to start heading in the wrong direction with your finances. The industry is designed to confuse you and wear you down, and people's instincts lead them to what feels exciting or safe. Paul shares an honest clip about NFTs and how millions were lost in the craze. Listen along as these advisors share why living with purpose and knowing your plan puts you in the driver’s seat of your finances and helps you relax about money.

Propagandist Uses War-Time Strategies on American Consumers

Mon, 08 Dec 2025 01:00:00 -0500

Marketers work hard to manipulate your opinion of health and prosperity largely because of a man named Edward Bernays. Today, Paul shares a video about Edward Bernays, Sigmund Freud’s nephew, who worked hard after WWII to sell products to American consumers through manipulation and psychology. Listen along to hear how Bernays’ propaganda principles have shaped advertising and modern life in the United States for the last 80 years. Later in the episode, Paul shares that most of the companies and cryptocurrencies closely associated with President Trump are in a huge slump, which illustrates why you can’t use politics to predict the future and make a profit.

Investing and Sports Betting on the Same App. How Did This Happen?

Fri, 05 Dec 2025 01:00:00 -0500

Americans for decades have learned about investing in school through a game that puts gambling at the center of the process. Fast forward a few generations, and companies like Robinhood have taken over the industry, offering both investing and sports betting on the same platform. Listen along as Paul explains that when you truly invest, you should be able to look at market benchmarks to measure your success, but when you gamble, you are stuck comparing the odds on different games at the casino, where the house always wins.

Learning a Lesson From the '90s About Betting on AI

Thu, 04 Dec 2025 01:00:00 -0500

Each time we seem to be on the brink of a technological paradigm shift, investors flock to bet on the companies that are vying to win the technological race. Today, Paul reminds investors what happens when you try to bet on winners and losers and let greed enter the investing process. Listen along as Paul explains why AI has the potential to make all investors profit, but could really hurt the few investors who forget that none of the top 30 tech companies in 2000 made it to 2025 in the same position.

This Is How To Move From Anxiety to Confidence

Wed, 03 Dec 2025 01:00:00 -0500

Paul shares that people who experience the most stress in life tend to focus more on the outcomes than on the process. Today, Paul talks about why happiness is more difficult to achieve the more you chase it. Listen along to hear why Paul believes that controlling what is in your control and focusing your attention on daily tasks and pleasures turns your brain from a place of anxiety to a place of confidence. Later in the episode, Paul talks about the most powerful parts of your brain and how you can use them to start taking small steps that will make your life better.

What Happens if You Put Tax Benefits Before Everything Else

Mon, 01 Dec 2025 01:00:00 -0500

Who wants to pay more taxes than they should to the government? No one. Today, Evan and Paul talk about taxes and why companies use your desire to pay less in taxes to push you into investment vehicles that might actually cost you more in the long run.

"Fiduciary" Is a Marketing Buzzword in an Industry Full of Loopholes

Fri, 28 Nov 2025 01:00:00 -0500

Evan shares an ad from a company that features a concerned investor trying to determine if they need a fiduciary for their investments. Paul and Evan break the illusion by sharing just how easy it is for the industry to lure people in with the term fiduciary and then hide behind loopholes and confusing disclosures. Fiduciary is supposed to mean someone who acts in your best interest, but the standard is not high enough.

Gold, the U.S. Dollar, Real Estate, and Stocks. What Makes Them Worth Anything?

Thu, 27 Nov 2025 01:00:00 -0500

Today, Paul and Evan continue a conversation about what makes gold valuable and why so many investors believe it’s a strong investment. The two advisors then expand on the idea to discuss currencies, real estate, and stocks. How does the market decide what something is worth, and why does Paul exclude some popular commodities from his portfolio?

The FED’s Job Is To Provide a Stable Currency. Are They Doing a Good Job?

Wed, 26 Nov 2025 01:00:00 -0500

Today, Paul and Evan share some commentary on the U.S. Federal Reserve and why its job is to create a stable currency, not a zero inflation economy. Listen along to learn about the history of the Federal Reserve and about how inflation can actually be a useful tool in the U.S. economy. Later in the episode, Paul shares why he doesn’t include gold as an investment in any investment portfolio.

A Legacy of Excellence: Warren Buffett’s Final Stockholder Letter

Mon, 24 Nov 2025 01:00:00 -0500

Warren Buffett is a brilliant business owner with a long history of buying companies and learning how to provide value. This year, he released his final letter to stockholders, focusing not on his investing success but on the people who have had the greatest impact on him and the gratitude he has for all those who have worked with him and contributed to his success over the years. Listen along as one of the world’s most successful investors shares all the things that are more meaningful to him than money. Later in the episode, Evan shares an article about people who are constantly trying to maximize their portfolio and when it’s time to stop tweaking.

Enjoy Your Holidays. Knock Out This Financial Checklist for the End of 2025

Fri, 21 Nov 2025 01:00:00 -0500

Today, Evan shares a list of important items to consider before the holiday season ramps up and most people scramble to complete their end-of-year financial planning. Whether you are newer at investing or have been in retirement for many years, listen along to hear how to ring in the New Year with confidence around money and investing.

Can You Properly Define Capitalism, Socialism, and Democratic Socialism?

Thu, 20 Nov 2025 01:00:00 -0500

Today, Evan shares about the shift that has been happening in younger Americans away from free market capitalism toward more socialist economic policies. Evan wants you to be able to understand the basics behind these economic systems and why capitalism has created the wealthiest nation in the world, while socialism has never successfully been implemented to scale anywhere in the world at any point in history.

Why Do Investors Fail? Why Can’t They Seem To Get Ahead?

Wed, 19 Nov 2025 01:00:00 -0500

Today, Evan hosts the show and discusses what keeps investors from reaching their goals and why, each year, investor performance reports show that people earn less than market returns. Listen along to hear why investor behavior is the most important factor to the outcome of your portfolio and which behaviors to avoid and adopt in your investing journey.

4 Million Americans Are Living Abroad. Here’s Why.

Mon, 17 Nov 2025 01:00:00 -0500

Paul and Evan get into a discussion about the 4 million Americans who have chosen to live abroad to stretch their dollars and experience a higher quality of life. Listen along to hear how it is going for these Americans and if we can expect to see this trend grow. Later in the episode, Paul and Evan find many people turning to AI instead of advisors for financial advice. Unfortunately, these investors don’t know how to prompt AI for the right kind of information, are asking the wrong questions, and are getting back bad information provided by financial companies' marketing firms.

Musk’s Huge Payout Package/When You Need a Counselor and Not a Financial Planner

Fri, 14 Nov 2025 01:00:00 -0500

Paul and Evan hit a variety of topics in this episode, starting with Tesla’s future and Musk’s incentives to stay with the company, and then pivoting to a pet peeve of Paul’s: trying to use money to solve relationship problems. Listen along as these two advisors discuss innovation in business and why getting married shouldn’t be a financial decision, but rather a commitment between partners.

First-Time Homebuyers: Don’t Be Afraid To Wait and Don’t Be Afraid To Start Small

Thu, 13 Nov 2025 01:00:00 -0500

The average first-time homebuyer is almost 40 now — up almost seven years since 2020. Paul and Evan discuss the challenges of being a first-time homebuyer in today's market and the shifting attitudes toward home ownership. Listen along as these advisors share the steps of purchasing your first home, some advice they have for people considering home ownership, and why first-time homebuyers shouldn’t be afraid to start small and wait until the time is right.

The Industry Wants You To Think They Have Market Experts Choosing the Best Companies

Wed, 12 Nov 2025 01:00:00 -0500

Paul and Evan continue a conversation they had last week about how the promises made by socialist governments are similar to those made by the investing industry. The industry wants you to believe that they have a group of experts who can choose the best companies for your portfolio. Listen along to hear why confident investors don’t trust the industry to gamble with their investments. Later in the episode, Paul shares a story about a famous fund manager who has repeatedly been wrong yet still has managed to get airtime.

Progress Comes Through Effort: Socialism vs. Capitalism

Mon, 10 Nov 2025 01:00:00 -0500

Progress comes through effort. Paul and Evan share an interview about how socialism is being marketed to people around the world as a cure for their problems. The problem is that when we look at socialist governments, they have not been good for the people they serve. Listen along to hear why capitalism can be a hard sell to people, but has so far proven to give the most opportunity to the most people. Paul shares that the way people get sold on bad investments is the same way people get sold on socialism through the belief that they can sidestep the work and get straight to the results.

Private Equity: The Industry's Newest Way to Overcharge for a Bad Product

Fri, 07 Nov 2025 01:00:00 -0500

The industry is looking to pull you into investments that let them charge you more fees to manage your portfolio. Private equity is making headlines this year and being sold as a unique opportunity for you to invest in the same things uber-wealthy investors do, but everyone fails to mention that this is similar to ESG investing, with lots of hype, lots of risk, and worse returns.

A Gold Infomercial That Sounds Like Education, but Is Holding Back

Thu, 06 Nov 2025 01:00:00 -0500

Today, Paul shares an infomercial on gold that goes in-depth into bank runs and presidential executive orders, trying to convince you that gold has always been a strong investment. Listen along as Paul expands on this education to help you understand that they are priming you for a sale, not offering you financial advice out of the kindness of their hearts. Later in the episode, Evan brings up the latest attempt to push investors into crypto and explains why the house always wins in speculative investing.

Property Fraud: Learn About the Laws and Safeguards With Holly Hemmrich, Register of Deeds

Wed, 05 Nov 2025 01:00:00 -0500

Property fraud affects many property owners who don’t understand their rights or how to safeguard their ownership. Today, Paul invites Holly Hemmrich, Register of Deeds for Sumner County, to talk about how to properly own and safeguard your property, as well as insurance products to avoid, free resources for property owners, and how to spot scammers.

Watch Someone Teach an Advisor How To Manipulate Your Emotions

Mon, 03 Nov 2025 01:00:00 -0500

Paul wants you to know that one of the most dangerous things you can do is get into a room with an advisor who knows how to manipulate your emotions and sell you a product that gives them high commissions. Today, Paul shares a video where someone is teaching you how to sell annuities, right down to the words to say and body language to use to make you feel safe and consider the product. By learning these tactics, you can learn to spot the difference between financial help and sales.

Cap-Weighted Funds Are Very Popular in the Industry. What Are They?

Fri, 31 Oct 2025 01:00:00 -0500

Today, Paul talks about cap-weighted funds, a popular method for trying to represent an area of the market through capitalization. Listen along to hear what these funds are, what capitalization means, and why companies call these funds diversified, but leave millions of investors mostly owning a few of America’s largest companies.

Post-College Debt Is Tough. How Do You Pay It Off?

Thu, 30 Oct 2025 01:00:00 -0500

Many Americans experience a similar experience straight out of college. They have hefty student loans and potentially the lowest pay of their entire careers. Today, Paul talks about his experience of first moving to Nashville, walks through a WSJ article about paying off student debt, and shares some of the crazy things people do in their early days to get on the right financial track. He then segues into a conversation about new information on 2026 tax brackets.

Don't Fall for the Marketing. Take a Deeper Look.

Wed, 29 Oct 2025 14:00:00 -0500

Mutual fund companies are professional marketers. Today, Paul talks about how often these companies say all the right things about diversification. Confident investors learn to look past what the companies' marketing materials say and see that the investments they are selling tell a much different story. Later in the episode, Paul wants investors to understand that the run-up in gold isn’t a fluke, but it also isn’t because gold is such a good investment to own.

Building Your Confidence in Your Financial Future (Part 2)

Mon, 27 Oct 2025 01:00:00 -0500

Fund companies, media outlets, and even advisors are constantly vying for your attention to sell you products and services. So how do you learn to cut through the noise and make the decisions that are right for you? In a two-part episode, Paul covers these topics and teaches you how to develop confidence in your financial goals and the plan that will help you get there. Listen along to hear how Nobel Prize-winning strategies can help you understand how goals, plans, and products can all work together to help you feel confident about investing.

Building Your Confidence in Your Financial Future (Part 1)

Fri, 24 Oct 2025 01:00:00 -0500

An Investing Lie the Media Wants You To Believe

Thu, 23 Oct 2025 01:00:00 -0500

When Paul asks most beginner investors, “What is a financial advisor's job supposed to be?” he usually gets a familiar answer that involves understanding how markets work, being in the right part of the market at the right time, and knowing the best products to own. Today, Paul reveals that this is actually a lie perpetuated by the financial media, as most people you see weighing in on TV are being paid to be there. Listen along as Paul helps you understand the media bias around timing the market and buying investments after they’ve already gone up.

Are We in an AI Stock Bubble?

Wed, 22 Oct 2025 01:00:00 -0500

There has been a lot of talk about AI and whether or not eager investors have created a bubble in AI stock that could hurt all investors. Today, Paul talks about market bubbles and why they are more dangerous to some than others, and why the activity we see around AI stocks doesn't look like an irrational run-up just yet.

Jim Kramer Is Selling Books and Selling Investors on Market Timing

Mon, 20 Oct 2025 01:00:00 -0500

Jim Kramer is taking every opportunity to sell young investors on his new book and the idea of “making it big” investing. Listen along as Paul talks about why pundits like this get a lot of airtime even though their advice has historically been a disaster to take.

Running Out of Money at the Worst Possible Time

Fri, 17 Oct 2025 01:00:00 -0500

The industry likes to push investors into popular and predictable investments with low returns and low diversification. The result of this is a dwindling portfolio and an inflation problem in your 80s and beyond. Listen along as Paul explains why the strategies and products that promise you “safety” will actually lead to you running out of money at the worst possible time: after you are no longer able to work.

Markets Can Be Inefficient, but Not for Long Enough To Do Anything About It

Thu, 16 Oct 2025 01:00:00 -0500

Today, Paul continues a conversation about how markets work and how that guides the investments that should go into your portfolio. Listen along as Paul explains what happens when an opportunity to take advantage of the market occurs, and how attempting to time the market feels exciting but leaves you with a portfolio that is a fraction of what it could be.

Gold Hits New Record High and Emotional Investors Get Sucked In

Wed, 15 Oct 2025 01:00:00 -0500

Paul talks about a new record high gold hit this week and why gold is one of the most emotional investments people get involved in. Listen along as Paul shares a pundit who is giddy with excitement this week as gold rises to hit its highest level and discusses why you should never choose an investment based on recent performance.

Another New Investing Book That Won’t Get You the Results You Want

Mon, 13 Oct 2025 01:00:00 -0500

Paul finds a segment on CNBC that is pushing a new investment book called “How to Make Money in Any Market.” The host and author seem really into the topic of helping the average investor make wise decisions — until you start to hear what some of the advice is. Listen along to find out why the advice may seem nice when you’re watching television, but the author is more likely to make money selling the book than you are by doing what it says.

The Hidden Costs of Trying To Win Big With Stocks

Fri, 10 Oct 2025 01:00:00 -0500

Today, Paul and Jim talk about a WSJ article that explains how companies are charging 15–20% annual fees to customers who are trying to play the market like a slot machine. Listen along as Paul shares the slippery slope from being afraid of the future, wanting to get ahead, and then trusting the past performance of a fund or manager to try to play catch-up. Later in the episode, Paul talks about how QCDs are a great opportunity to give back to your community.

Popular Trends from 2025 in Financial Planning

Thu, 09 Oct 2025 01:00:00 -0500

Jim brings the results of a survey of financial planners on what they believe is most important for their clients in 2025. The results are absolutely underwhelming. Listen along as Paul and Jim process how the industry got to this state where half of the advisors don't even believe that a product really needs to be suitable for you if it has other qualities. Later in the episode, “finfluencers” (financial influencers) have taken over the internet. Their job is to look smart and help companies sell products by gaining your trust.

Send This to Someone Who Trusts Big Firms or Their Job To Get It Right

Wed, 08 Oct 2025 01:00:00 -0500

The financial industry is pretty broken. All the large firms have found ways to provide you with the cheapest and least services possible without taking any responsibility. They have also learned how to present flashy strategies, product pitches, and market news to keep you distracted. Today, Paul and Jim give you an insider's look at the industry and warn you that not only have they fooled investors, but they’ve always fooled your employers.

AI Is an Innovation. Here’s Why Companies Love It and What It Could Mean for Your Job

Tue, 07 Oct 2025 01:00:00 -0500

Today, Paul and Evan discuss a common fear among today’s employees: Will AI replace my job? Listen along to hear why so many companies are adopting this innovation, how it could affect your job, and why, as an investor, you should be optimistic about how this could impact markets going forward. Later in the episode, Paul and Evan remember the late John Clements, a prominent British financial writer for The Wall Street Journal who passed away last month.

Why Annuity Payouts Get Worse Every Year

Mon, 06 Oct 2025 01:00:00 -0500

Evan and Paul talk about some research Paul put together around an average annuity payout. Initially, the payout looks okay — until you factor in inflation. Listen along as these two advisors explain why giving your retirement savings to an insurance company may look great now, but it will leave you with a fraction of the purchasing power in the future.

Demand for Gold Is up Amid Uncertainty. Educated Investors Won’t Take the Bait.

Fri, 03 Oct 2025 01:00:00 -0500

Gold is up 39% this year, largely due to the uncertainty in markets created by Trump's trade policy. The problem is that gold is just a commodity, and its value is based on what someone is willing to pay for it. Today, Paul and Evan discuss why gold's price rise is circumstantial and why educated investors still prefer diversification and buying and holding over buying something when it’s hot and hoping to get out before it goes down.

How To Sell an Annuity in 10 Minutes

Wed, 01 Oct 2025 01:00:00 -0500

Annuities are still one of the most dangerous financial products when it comes to accumulating assets for your retirement years. They are insurance products with huge commissions and back-end surrender charges that trap your money in phantom accounts, leaving you stuck against inflation with no assets to give to future generations. However, they are confusing products, and you can make a lot of money selling them. Today, Paul shares a video he found on social media that will teach him “how to sell an annuity in 10 minutes.” Listen along as Paul encourages you to learn these sales tactics so you can spot them and avoid this common investing trap.

Advisors Get Sucked Into Stock Picking Because They Don’t Have This Education

Mon, 29 Sep 2025 01:00:00 -0500

Paul remembers a big push in the ’90s by professors and economists, like Fama and French, to teach advisors why stock picking is hurtful to their clients and how to help people invest without opening them up to unnecessary risk. Today, Paul talks about some of these lessons, why stock picking is still so prevalent in the industry, and what you can look out for to avoid advisors like these.

Past Performance Is Driving Your Investing Decisions. You Need Another Option.

Fri, 26 Sep 2025 01:00:00 -0500

Paul talks about how what has happened in the last one, three, or five years heavily affects your investing decisions. Are stocks up this year? Maybe I should get in. Are interest rates high? Maybe it’s a good time to own bonds or CDs. Annuities even craft products that would have done well in the last 10 years and then sell them to people based on their track record. There is another way to invest that doesn’t keep you glued to how markets are doing right now or worried about the next bubble. Listen along as Paul shares an article about market bubbles and crashes and then explains why you don’t need to be able to predict them to be a successful investor.

Are You Behind? How Much Is Everyone Else Saving for Retirement?

Thu, 25 Sep 2025 01:00:00 -0500

Paul finds that comparison is a very dangerous game and that people don’t give themselves enough credit for their unique abilities or situation. Today, Paul discusses an article that shares the average retirement savings for people in their 60s. Whether you’re ahead of the curve or struggling through a tough situation, like a divorce, the death of a spouse, or the loss of a job, one of the best ways to grow and become stronger in your finances is by working with an advisor who knows your situation and can help you get stronger and move toward your goals.

Get These Four ETFs and You’ll Be Set for Life

Wed, 24 Sep 2025 01:00:00 -0500

This week, Evan sends Paul a video called “The Only Four ETFs You’ll Ever Need.” Paul explains how marketing campaigns like this draw investors in with something they understand. Paul plays a few clips from the video and shares how these four ETFs could really get you in trouble if they were your whole financial plan. Listen along to hear how an educated investor can pick apart this kind of marketing and avoid common investing traps. Later in the episode, Paul shares a WSJ piece claiming that everyone needs a little gold in their portfolio. Is that true?

These Investments Were Fads and Failed. What Can We Learn?

Mon, 22 Sep 2025 01:00:00 -0500

Evan shares a list of some of the most famous investment fads and talks about why these fads drove markets and ultimately lost investors a lot of money. Listen along to hear what we can learn from these kinds of investments and how we can spot some of them today.

Your True Purpose for Money Will Anchor You When the World Is Chaotic

Fri, 19 Sep 2025 01:00:00 -0500

Today, Evan talks about the 24th anniversary of 9/11 and remembering this week that the news can get very somber without any notice. So, how do you keep yourself from being pushed and pulled by the world so that you can stay the course and fulfill your calling? The answer lies in discovering your values and your true purpose for money.

Market Downturns: When Is the Next One Going To Happen?

Thu, 18 Sep 2025 01:00:00 -0500

Today, Paul and Evan talk about how enticing it is for pundits and experts to look at markets and predict when the next downturn will occur. A common trap these two advisors see is investors jumping in and getting bullish, then realizing that their investment strategies are dangerous because their account keeps going up. Listen along to hear Paul and Evan explain why diversified investing is important in all kinds of markets.

Robinhood Rockets Into S&P 500 With Gambling and Other Addictive Practices

Wed, 17 Sep 2025 01:00:00 -0500

Today, Paul and Evan discuss how Robinhood has grown to become one of the largest companies in the United States by gambling on stocks, crypto, and other speculative assets. When asked in an interview about whether investors are also turning to more traditional forms of investing for retirement, the company basically replied, “No, and we don’t care.” Listen along to hear these two advisors talk about why this kind of investing is so popular and how it’s making a fortune for the company at the expense of the investor.

Someone Finally Shares How They Were Scammed at a Steak Dinner

Mon, 15 Sep 2025 01:00:00 -0500

Today, Paul shares a video from someone who was courted to a steak dinner, fed incomplete information, and then sold a product they didn’t fully understand. In most industries, this would be viewed as a scam or at least fraudulent, but in the investing industry, this is completely normal. Listen along as Paul explains that offering you a bribe, trying to “reeducate” you, and then manipulating you to make money is not his idea of good financial education or planning.

This “Educational” Video About Fidelity Funds Gets an F. Watch Out for These.

Fri, 12 Sep 2025 01:00:00 -0500

Paul has an algorithm feed him a seemingly relevant video about choosing the right Fidelity funds to grow his portfolio. The problem is that the algorithm isn’t designed to look out for bad financial advice. After watching the video, Paul gives the advice an F and is concerned that videos like these sound convincing and the person in it looks like they have done some research. The problem is that this YouTuber has no responsibility to you and is more focused on growing a following than helping you have income in retirement. Later in the episode, Paul asks Evan what he thinks about short-term interest rates.

This Is Why Investing “News” Is Too Slow To Successfully Market Time

Thu, 11 Sep 2025 01:00:00 -0500

Today, Evan brings in an investing “newspaper” that claims to have insider information about tech and cybersecurity companies and is filled with articles claiming that this section is due for a big rise in value. Paul and Evan explain why all financial news is too slow for regular investors to play the market timing game, when traders have spent fortunes trying to gain an advantage of fractions of a second on trading platforms. Later in the episode, Paul talks about someone who realized their mother lost millions of dollars because of a bad investment decision, and what he does when someone comes into the office with this kind of situation.

America’s Federal Bank Stays Independent/Social Security Penalty for Early Retirement

Wed, 10 Sep 2025 01:00:00 -0500

Today, Paul and Evan talk about the Federal Reserve remaining neutral amidst Trump's rhetoric around trying to influence the bank and interest rates. The two advisors talk about why they aren’t confident that Trump will follow through on the pressure and dive into some of the history of this independent bank, as well as which countries have not kept their nation’s banks independent and which countries don’t have nationalized banks at all. Then, they switch topics to address a listener's question about how social security benefits are penalized if you retire early and how to calculate if you’re hurting or helping your benefit if you continue to work past your retirement age.

Inflation Could Continue Moving Forward. How Do You Keep Up?

Mon, 08 Sep 2025 01:00:00 -0500

Paul talks about a few factors that could keep driving inflation up beyond the most recent round of tariffs. With prices continually moving up, how are regular consumers and investors supposed to keep up? Listen along as Paul addresses this topic and explains some of what we’ve seen in the U.S. since 1970. Later in the episode, Paul talks about how AI isn’t catching on with women the same way it is with men and how junk bonds seem to be tripping up a lot of investors right now.

Choosing Default Investments Overexposes You to Companies Like Amazon

Fri, 05 Sep 2025 01:00:00 -0500

Today, Paul talks about some of the first choices you have as an investor. Do you invest pre-tax or post-tax, and what funds do you choose? Listen along as Paul talks about how most funds you can choose are over-weighted with large tech companies, but don’t include enough of smaller markets. This combination leaves you in the same boat as most investors: seeing less returns than the market and wondering what you could be doing differently.

Where Does Gold Fit Into Investing? One of Paul’s Most Asked Questions

Thu, 04 Sep 2025 01:00:00 -0500

Today, Paul tackles one of the most common questions he gets from investors, workshops, classes, and interviews: How much gold should I be invested in? For long-time listeners of the show, his answer isn’t surprising, but it is just as relevant now as ever. Listen along as Paul explains why gold isn’t even considered an investment and why the risk and reward of putting money in gold make it very difficult to recommend.

Boredom: An Overlooked Ingredient to Financial Success

Wed, 03 Sep 2025 01:00:00 -0500

In this episode, Paul explores an often-overlooked factor in achieving financial success: boredom. He argues that boredom can lead to poor financial decisions, such as overspending or chasing "new" market strategies. People have a hard time staying the course and want to feel like active participants in improving their lives. Listen along as Paul explains why one of the hardest and best things you can do with your finances is not doing anything at all. Later in the episode, Paul explains why he thinks that an “equal-weighted” S&P 500 fund is a bad idea.

Humans Aren’t Good at Understanding Risk. This Is How That Ruins People’s Financial Futures

Mon, 01 Sep 2025 01:00:00 -0500

Today, Paul and Jim talk about how humans are not good at understanding or managing risk because if the markets are up, if the president you like is in the White House, or if you just got a big promotion at work, you’re going to be more willing to take risks. The opposite is also true. Listen along as these advisors explain why using proven academic methods is better than letting your intuition or emotions guide your decisions. Later in the episode, Paul and Jim share about how innovation in technology and business will not only drive profits for businesses but also continue to improve the quality of life.

Income “Buckets” in Retirement = Sales “Buckets” for Your Advisor

Fri, 29 Aug 2025 01:00:00 -0500

Paul invites Jim from the Goodlettsville office onto the show, and the two get into a conversation about strategies for paying yourself in retirement. Jim brings up a very popular pitch people hear as they near retirement: moving your money into short, medium, and long-term “buckets” that allow your income to be engaged in various levels of risk based on how long it will be before you need the money. While this sounds like a solid plan, it really becomes an opportunity to engage in more than one plan at a time, introduces new risk into your portfolio, and gives advisors opportunities to sell products like annuities. Later in the episode, Paul and Jim talk about an article that claims that because traditional concepts like retiring at 65 years old are no longer held, other concepts, like the 4% rule, don’t apply either.

How To Keep Your Legacy From Being a Headache: An Interview With Attorney Parker Brown (Part 2)

Thu, 28 Aug 2025 01:00:00 -0500

Today, Paul invites attorney Parker Brown onto the show to talk about wills, trusts, estate plans, and the probate process. Many people don’t realize that if you don’t have a will, your state has an estate plan for you. Unfortunately, it's usually not what you would really like to have happen to you and your loved ones. Listen along as Paul and Parker dispel some information around estate planning to keep your family from having to navigate financial and legal problems after you’re gone.

How To Keep Your Legacy From Becoming a Headache: An Interview With Attorney Parker Brown

Wed, 27 Aug 2025 01:00:00 -0500

A $40K Annuity With an Income Rider That Pays Out … $90 a Month!

Mon, 25 Aug 2025 01:00:00 -0500

Paul asks Dan to share some of his experience with clients around annuities to help people see what’s actually going on behind the scenes. Dan shares a story of a client who bought an annuity and was sold an income rider, believing this would help her have a consistent income for years. The payout of this product after the cost of the rider was $90 a month. Listen along as these advisors help you see how the language around these products is twisted to make you believe that you’re getting returns or even wealth growth that isn’t there.

Afraid of Running Out in Retirement? The Solution Is Planning, Not Products

Fri, 22 Aug 2025 01:00:00 -0500

Paul, Evan, and Dan talk about investors who are nearing or in retirement and their biggest concerns. Fewer and fewer people are entering retirement with confidence, and the industry is so focused on selling them products or sharing advanced strategies instead of education and planning. Listen along as three experienced advisors explain why no one can help you make the right decision until they have a strong understanding of your situation and goals.

Setting Up the Straw Man: A Sales Tactic Investors Fall Into

Thu, 21 Aug 2025 01:00:00 -0500

Paul, Evan, and Dan discuss an advertisement that aims to convince investors that “normal” advisors are wrong about bonds and will run your retirement into the ground if you let them. The problem is that the sales pitch sets up a scenario that rarely happens in the industry and fails to mention that all they are doing is selling a product that makes them a large commission. Evan calls the tactic for setting up a false situation to pitch against setting up the straw man and explains why it’s one of the oldest tricks in the sales book. Listen along as these investors talk about why an annuity is not a good alternative to a diversified portfolio, regardless of your age.