364 episodes

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Sound Investing Paul Merriman

    • Business

Some of our listeners have reported trouble accessing their subscription to our podcast. Due to a change at iTunes, we seem to have acquired two links. The current correct one is:
https://podcasts.apple.com/us/podcast/sound-investing/id1464038604

    Your part in financial education

    Your part in financial education

    Ever wonder how the “Sound Investing” podcast is funded? Along with all the prolific work produced, over the past decade, by the mostly-volunteer Merriman Financial Education? Paul lays it out in this podcast, including his plans for 2023. Learn how you play a huge part in the how Paul’s retirement plans evolved into the myriad of financial education tools for DIY investors and outreach to university students and professional organizations.  He invites your participation, questions and feedback. If you are not already a subscriber to his free twice-a-month newsletter, or have not downloaded your free pdf and/or audio copy of We’re Talking Millions—12 Simple Steps to Supercharge Your Retirement,  visit https://paulmerriman.com/signup/



    Call To Action!

    Here are a few simple ways to support the financial education work of The Merriman Financial Education Foundation, a registered 501(c)3. In so doing you help better the lives of individuals, families and communities, creating more opportunities for all.


    Subscribe to our weekly “Sound Investing” podcast, available on your favorite listening platforms and leave a review. Tell us what you think!
    Subscribe to our YouTube Channel, and hit the thumbs up, subscribe, leave a comment and share the link with your social media and friends.
    Use our M1 Finance affiliate link to set up a brokerage account and use our portfolio suggestions. If you fund your account with a minimum of $1,000, our foundation will receive a one-time affiliate fee —at no cost to you—which helps support our financial education projects.
    Follow us on Facebook, Twitter and LinkedIn
    Buy our latest books, We’re Talking Millions! 12 Simple Ways To Supercharge Your Retirement and  2 Funds for Life: A quest for simple & effective investing strategies; all the profits help support our work.

    Support our mission by making a tax-deductible donation to the Foundation.

    Thank you!

    • 27 min
    How do you measure real wealth?

    How do you measure real wealth?

    Paul Merriman is a compulsive list maker and his Thanksgiving list is his favorite of the year.  In this podcast, he covers a range of subjects for investors related to real wealth and giving thanks.

    He describes getting up very early on Thanksgiving Day to spend a few hours listing names of people for whom he is thankful. While many of the people would be unknown to our audience, others are responsible for helping our Foundation reach and be of service to those who find our work helpful.  One such essential behind-the-scenes person is Angela Moore, Senior Editor at Marketwatch.com. Angela is responsible for putting the final touches on the hundreds of “MarketWatch" articles by Paul and Rich Buck. Her kind guidance and care plays an important role in the success of our Foundation reaching and educating investors.  Angela was recently interviewed by Ari Parker on "Legacy—Aging With Purpose.” Listen to her speak about “The Value in Money and Memories" at: https://cms.megaphone.fm/channel/legacy?selected=CAC1135958443. We think you will understand why we feel very fortunate to have Angela as our MarketWatch editor.

    Paul believes successful investing is largely a long-term series of random events, much as lives can be. To illustrate this point, he recalls an unlikely meeting of a fellow high school graduate as he was standing by himself watching the 1961 "Seafair Parade" in Seattle. That casual conversation ends up being a single step responsible for his Foundation’s work 60 years later. He also shares a single sentence that summarizes the steps young investors should take, inspired by the encouraging responses he received in recently speaking with college students at Rutgers and Western Washington University.

    Paul suggests this article by Ben Carlson, one of our Foundation’s Truth Tellers  “Who Wants to Be a Billionaire” is an excellent read filled with an interesting list of “real wealth" measurements.  https://awealthofcommonsense.com/2022/11/who-wants-to-be-a-billionaire/    Along this same line, Paul also recommends a book  for anyone in their 20s and 30s seeking to learn the most-important basics of investing. Spending Your Way to Wealth by Paul Heys, a director of our Foundation, does a terrific job of addressing the real wealth we accumulate.  We heartily recommend this book. You can get it at Amazon or—for a discounted copy with a personal autograph—take a look at Paul Heys’ site: https://investorship.com/financial-services-clients/

    • 45 min
    The best investment we will ever make! and Q&A

    The best investment we will ever make! and Q&A

    The first part of this broadcast describes the investment strategy Paul and his wife are giving to their latest grandchild. After Paul describes the strategy, Daryl Bahls, Director of Analytics for The Merriman Financial Education Foundation, shares tables that represent the 95-year potential financial implications of this investment.

    Then, Chris Pedersen, our Director of Research, Daryl and Paul address the following questions:


    · What’s the best way to compare the risk and return of different combinations of equity asset classes?
    · How should someone move a major part of their portfolio from bonds to equities?  Dollar cost average or make a lump sum investment?
    · Which is better: the 10-fund portfolio or Chris’ 2 Funds for Life?
    · What kind of problems are investors having at M1 Finance?
    · What ETFs is Chris considering when he reviews his picks next year?
    · What kind of returns should we expect from small-cap-value funds in the future?
    · How should future returns of a globally diversified total market fund, like Vanguard Total World ETF (VT), be compared to the Worldwide 4 Fund Portfolio?
    · Why do you recommend different ETFs for taxable and tax-deferred accounts?
    · What do you plan to do to help investors make the best of their 401k investment choices?
     

    See: New Tables by Daryl Bahls:

    Fund for Granddaughter (R4)

    No-Nonsense Portfolios 'Quilt Chart' (1970 to 2021)

    7-Sound Investing Portfolios (50-50) - 2022 (color)


    (Paul makes reference to Table H1)

    Get your copy of: 2 Funds for Life—A quest for simple & effective investing strategies by Chris Pedersen at Amazon (https://amzn.to/3BxTFoM) or other online book sellers.

    • 1 hr 16 min
    Back to Basics: 12 simple ways to supercharge your retirement

    Back to Basics: 12 simple ways to supercharge your retirement

    Paul provides a crash course in beginning investing in this presentation (with slideshow) to professional members of the Youth Business Alliance so they can use these principles and tools to educate and empower their students in financial literacy. This is the video (or podcast) to share with your teenage and older children, family, friends and anyone wanting to understand why and how to invest over the long term. Paul covers the 12 big decisions—each worth about a million dollars—that every saver/investor needs to make to set and stay a course for financing their retirement.

    These decisions, or steps, are further elaborated in his book, We’re Talking Millions, available for free in pdf and audio at his website. Paul’s goal is get this book into the hands of a million reader/listeners. Even if you’re a seasoned investor, you will find value in reviewing these steps for yourself and those you might share it with to empower them to become a sound investor as well.

    Get you free pdf or audio book: https://paulmerriman.com/signup/
    or buy the print, eBook or audio book: https://amzn.to/2KH36Kr

    The Youth Business Alliance (https://youthbizalliance.org) was formed in 2012 and provides a year-long four-part course to high school youth. In the YBA program, students learn soft skills, workforce readiness, financial literacy and entrepreneurship skills to prepare them for their career trajectories. In addition, students hear from volunteer guest speakers every week who speak about their life stories and professional careers and field trips to get behind the scenes visits to local businesses.

    • 1 hr 22 min
    20 Minutes to Double Your Lifetime Spending Power

    20 Minutes to Double Your Lifetime Spending Power

    Chris Pedersen, Director of Research for The Merriman Financial Education Foundation, joins Paul Merriman to explain and elaborate on his ideas and tables published as the cover story in the AAII Journal(October 2022), titled, “Double Your Lifetime Purchasing Power in 20 Minutes.”

    As Chris states in this broadcast, the article particularly pertains to people doing open enrollment, especially if they have an employer-provided 401k program. “For those who invest in defaults of the 401k programs, most typical across the industry, and do that for 40 years of their career, and then do fixed 4% withdrawals in retirement, and you look at all the cash flows in and cash flows out, and the standard investment, which is a target date fund, and then you adjust for inflation and you ask, ‘What was the impact on how much they have to spend over a lifetime?’ It doubles their spending power, even adjusting for inflation, just by investing in a target date fund, which is kind of unbelievable.”

    Read Chris’ article at: https://www.aaii.com/journal/article/21644-double-your-lifetime-purchasing-power-in-20-minutes

    You may be asked to enter your name and email for full access. You can join AAII (American Association of Individual Investors) risk-free for a month or become a member for a small fee. The AAII is an independent nonprofit corporation formed in 1978 for the purpose of assisting individuals in becoming effective managers of their own assets through programs of education, information and research.

    Podcast listeners should know there is a slideshow available on the YouTube video version.



    Call To Action!

    Here are a few simple ways to support the financial education work of The Merriman Financial Education Foundation, a registered 501(c)3. In so doing you help better the lives of individuals, families and communities, creating more opportunities for all.


    Subscribe to our weekly “Sound Investing” podcast, available on your favorite listening platforms and leave a review. Tell us what you think!
    Subscribe to our YouTube Channel, and hit the thumbs up, subscribe, leave a comment and share the link with your social media and friends.
    Use our M1 Finance affiliate link to set up a brokerage account and use our portfolio suggestions. If you fund your account with a minimum of $1,000, our foundation will receive a one-time affiliate fee —at no cost to you—which helps support our financial education projects.
    Follow us on Facebook, Twitter and LinkedIn
    Buy our latest books, We’re Talking Millions! 12 Simple Ways To Supercharge Your Retirement and  2 Funds for Life: A quest for simple & effective investing strategies; all the profits help support our work.

    Support our mission by making a tax-deductible donation to the Foundation.

    Thank you!

    • 53 min
    30 Ways to make another million—Really

    30 Ways to make another million—Really

    The focus of most of the work we do at The Merriman Financial Education Foundation is to help investors put together portfolios that we believe will produce higher rates of return per unit of risk. In this podcast we look at the math of making more money, as well as specific decisions that are likely to lead to better returns.  

    The podcast references our following Tables: Fine Tuning Your Asset Allocation, Sound Investing Portfolios and Fixed Distributions and Flexible Distribution.  The math portion of the podcast focuses on the impact of small increases in return, along with small increases in annual investments and a lifetime of accumulating, distributing and passing money to others. The discussion covers the tables in this PDF.

    Leaving the simple math, Paul uses historical returns to compare hypothetical returns and the choices investors must make. Everyone of these choices is likely a million dollar decision:


    Save vs. spend
    Start saving early vs. waiting
    Selecting stocks vs. bonds
    Select a few vs. many companies
    Choose the S&P vs. other equity asset classes
    Choose the S&P vs. combinations of equity asset classes
    Add 10% more equity
    Taxable vs. tax-deferred
    Tax-deferred vs. tax free
    Load vs. no-load
    Index funds vs. actively managed funds
    Buy and hold vs. market timing
    Target date funds vs. do it yourself
    Target date funds plus small cap value
    Gifting one million dollars with $365 vs. major gift at death
    The make or break decision of distributions

    • 1 hr 25 min

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