SKEPTIC’S GUIDE TO INVESTING Steve Davenport, Clement Miller

Skeptic’s Guide to Investing hosts Frazer Rice, the seasoned Director of Family Office Services at Next Capital Management and author of "Wealth, Actually”.   Fraser helps us explore complexities of wealth management. Peer into the holistic approach required to harmonize investments, cash flow, and estate planning with your personal values—a symphony of strategies tailored for everyone from the mass affluent to the ultra high net worth. Frazer shares his emphasis on the power of meaningful conversations with clients. 

We dissect the allure of private equity and hedge funds for personal portfolios and take a critical look at the role of active management in today's market dynamics. Through our dialogue with Frazer, we also tackle the art and science of portfolio construction, weighing the merits and challenges of various investment vehicles and the impact of fees on the bottom line.

Finally, we tackle the intricate dance between tax planning, estate strategies, and family dynamics, where the technical intertwines with the personal. Our conversation sheds light on preparing for potential shifts in tax legislation and the nuances of preserving wealth across generations.   We leave you with a clearer vision of choosing a wealth management firm or family office that aligns with your financial aspirations, driven by transparency, comprehensive understanding, and a lifelong commitment to learning.

Join us for this enlightening journey through the multifaceted terrain of wealth management, where clarity and strategy lead to financial security. 


Straight Talk for All - Nonsense for None


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Discover pivotal lessons from the heart-rending bridge disaster in Baltimore as Clem Miller and Steve Davenport consider the urgent call to action it represents for infrastructure investment and maintenance. In the wake of this calamity, we delve into the development of essential systems such as harbors and examine the economic and safety consequences of neglecting such critical structures.  As we seek out potential solutions, our conversation serves as a homage to the lives lost and a stark reminder of the pressing need for strategic, proactive investment to safeguard our future.

We survey the complex landscape of non-traditional infrastructure and real estate investments,  including public-private partnerships and companies with secondary real estate businesses.   Listen as Clem and Steve together the puzzle of how private investment can intersect with public infrastructure to foster not just growth, but a durable legacy of safety and innovation.
Straight Talk for All - Nonsense for None


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Unlock the secret to smarter investment decisions as Steve Davenport and I celebrate the groundbreaking and Nobel-winning work of Daniel Kahneman, the father of behavioral investing. 

 We dissect the intricate dance of human biases and investment decision-making.   We bring Kahneman's legacy vividly to life,  as we delve into the ways in which his psychology-rooted insights—particularly regarding loss aversion—continue to mold our financial pursuits and quest for happiness.

Picture this: your ancestors, primed for survival, have passed  down instincts that still dictate today's economic behaviors.  We navigate through these prehistoric impulses and their impact on our responses to modern crises, such as the recent pandemic.   We also consider how AI might play a future role in management of our economic behaviors. 

This episode is a compelling narrative that stitches together the fabric of our decision-making processes, from the stock market to retirement planning, revealing the often overlooked influence of behavioral economics on professional and retail investors alike.

Ending on a note of self-reflection, we embrace the concept of a utility function for happiness..  This episode is not just a journey through the mechanics of wealth accumulation but a guide to aligning financial decisions with personal contentment.
Straight Talk for All - Nonsense for None


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Unlock the secrets of gold as an investment with Steve Davenport and Clem Miller, as we venture beyond common misconceptions to reveal gold’s appropriate role.  From the possibility of gold being the ultimate protector of wealth during severe economic or geopolitical upheaval, to historical instances where governments have stepped in and seized private  gold holdings, we cover it all. Our conversation navigates the performance of gold versus stocks in various inflation scenarios, and we probe the motivations behind central banks and individual investors in buying and holding gold. 

This episode offers guidance incorporating this precious metal into your portfolio. We delve into the appeal of gold in nations such as India and China and dissect the advantages and potential pitfalls of gold ETFs. With a sharp focus on the strategic inclusion of gold in your asset allocation, we consider just how much gold you might want to hold in your portfolio. Join us, and let’s together  navigate the golden path between myth and solid investment strategy. 
Straight Talk for All - Nonsense for None


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Prepare to navigate the complex waters of the 2024 elections with us . We're tackling the factors that are shaping the presidential race, including age, legal woes, persistent (though improved) inflation, and a booming stock market.  Our discussion zeroes in on the curious case of third-party candidate Robert Kennedy, who might just tip the scales in this election. Peeling back the layers, we examine historical instances where third-party candidates have left a mark on election outcomes, analyze how vaccine skepticism could affect voter turnout, and speculate on the potential repercussions of voter apathy. This episode promises to equip you with a fresh perspective on the upcoming electoral showdown.

Amidst the anticipation of a Kennedy once again gracing the political stage, we dissect the mountainous challenges that independent candidates like Robert Kennedy must surmount within the rigid framework of the U.S. electoral system. Signature gathering hurdles loom large, but the strategic selection of a vice-presidential candidate with either political acumen or media allure could be a game-changer for his bid. Join us as we debate the resilience of the two-party system, the undercurrents within major parties, and how a robust third-party performance could reshape the political terrain. This episode isn't just about predictions; it's a panoramic view of the political landscape, capturing the spectrum of public sentiment from fervent expectation to weary indifference.
Straight Talk for All - Nonsense for None


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https://skepticsguidetoinvesting.buzzsprout.com

Unlock the secrets of smart stock exits and options trading with the formidable expertise of Steve Davenport and his co-host Clem Miller. In a spirited exchange, we peel back the layers of using call options to gracefully bow out of stock positions, all while potentially padding your returns and softening the tax blow. 

Steve guides us on selecting the right options that go well with your target prices and volatility—especially when earnings announcements loom large on the horizon. We don't shy away from potential behavioral pitfalls either, such as the sting of watching a stock ascend after you've sold your options.   We offer advice on selling in increments to soothe any seller's remorse and smartly manage opportunity costs.

As the conversation deepens, we wade into the complex world of volatility and its influence on options trading, where the numbers tell only half the story. Here, volatility is a dance of mathematics and personal risk appetites, played out against the backdrop of life's major financial goals.  

As we wrap up, we scrutinize the tug-of-war between retail and institutional traders and dissect the tell-tale signs of an overvalued stock. For investors keen on refining their strategy and navigating the markets with finesse, this episode is an essential listen.


Straight Talk for All - Nonsense for None


Please check out our other podcasts:

https://skepticsguidetoinvesting.buzzsprout.com