84 episodes

Simple, but Not Easy is a podcast about investing and behavioral science by Morningstar Investment Management LLC. Most shows focus on our asset class research, our principled approach to managing money, or our insights on using behavioral science to help investors and advisors make better decisions.

Simple, but Not Eas‪y‬ Morningstar

    • Investing

Simple, but Not Easy is a podcast about investing and behavioral science by Morningstar Investment Management LLC. Most shows focus on our asset class research, our principled approach to managing money, or our insights on using behavioral science to help investors and advisors make better decisions.

    Dividend Stocks: How Coronavirus, Value/Growth, and Interest Rates Have Affected Income

    Dividend Stocks: How Coronavirus, Value/Growth, and Interest Rates Have Affected Income

    Stocks have generally roared back from their pandemic lows about a year ago. But what about income? Many dividends were cut when COVID-19 shuttered businesses and kept us at home. What’s the outlook for dividend investors now that stock prices have rebounded?

    George Metrou, portfolio manager for the Dividend Select Equity Portfolios at Morningstar Investment Management, shares his thoughts on managing through the pandemic, and on the current landscape and his outlook for dividend-paying stocks.

    • 20 min
    Is Dollar-Cost Averaging Irrational? Compared to What? (Ep. 30 Rebroadcast)

    Is Dollar-Cost Averaging Irrational? Compared to What? (Ep. 30 Rebroadcast)

    While we're off for spring break, we're reprising this episode featuring Terry Hawkins, sales manager at Morningstar Investment Management and Paul Kaplan, research director for Morningstar Canada. They discuss dollar-cost averaging, or the practice of investing slowly over time instead of in one lump sum. Research by Kaplan and others show that dollar-cost averaging might be expected to underperform a lump-sum approach. But what if it's what gets an investor into the markets?

    • 31 min
    To Annuitize or Not? (Episode 35 Rebroadcast)

    To Annuitize or Not? (Episode 35 Rebroadcast)

    While we're off for spring break, we're revisiting this episode that considers whether and when retirees should buy annuities to insure a steady stream of income, based on David Blanchett's research at the time of original airing. Few products are as polarizing among financial advisors than annuities, but certainly they have a place in the retirement picture for some individuals. In this episode, we look at Blanchett's research, which may help advisors decide when a client should annuitize or not, as well as a way savers can self-annuitize.

    Blanchett is head of retirement research at Morningstar Investment Management.

    • 26 min
    Rules as Tools: Using Heuristics to Help Empower Financial Success

    Rules as Tools: Using Heuristics to Help Empower Financial Success

    People often use simple mental shortcuts, also called heuristics or rules of thumb, when they make everyday decisions. And while the behavioral sciences tend to focus on how these shortcuts can backfire and create biases that lead us astray, much of the time these shortcuts lead to pretty good outcomes. But can these rules of thumb improve financial well-being?

    Ryan Murphy, head of decision sciences at Morningstar Investment Management, discusses his recent research in which he studied commonly used rules of thumb in four financial categories--saving, spending, investing, and managing debt. Some rules were somewhat correlated to better financial well-being —that is, those who used a rule tended to report they were more on track to meet their financial goals—while for other rules, the opposite was true.

    To view slides for this episode, find a link below in Episode Notes or email us at simple@morningstar.com.

    • 27 min
    South Korean Stocks: Has the Luster Faded After a Strong Finish to 2020?

    South Korean Stocks: Has the Luster Faded After a Strong Finish to 2020?

    In this episode, Gareth Lyons and Nabil Salem discuss the somewhat unusual South Korean stock market--unusual in that, this tech-dominated market remained attractively priced until recently.

    Lyons and Salem review the recent valuation history of this market, analyze drivers of outperformance in 2020, and summarize their current views on South Korea as an asset allocation opportunity.

    Gary Lyons is a portfolio manager on the Asset Allocation team at Morningstar Investment Management LLC, as well as co-lead on active-passive portfolios.

    And Nabil Salem is an Associate Portfolio Manager on the Asset Allocation team, as well as the global asset class lead for emerging markets stocks at Morningstar Investment Management.

    • 30 min
    Demonstrating ESG Commitments for Advisors and Investors

    Demonstrating ESG Commitments for Advisors and Investors

    Paul Arnold and Dan Kemp join Drew Carter to discuss how advisors can better understand why ESG is important to a client–whether it’s the expression of one’s values or something else. We also look at how advisors might think about matching each client with a portfolio that addresses their unique ESG preferences and needs.

    Slides for this episode may be found in the Episode Notes section or by emailing simple@morningstar.com.

    • 37 min

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