The Irrelevant Investor

SEPTEMBER 25, 2020

Today’s Animal Spirits is brought to you by State Street On today’s show we discuss: What variables drive gold the most? The boom and bust nature of commodities The role of gold in a portfolio Gold midyear outlook The Role of Gold in Today’s Global Multi-Asset Portfolio The Power of Gold: The History of an Obsession The Golden Constant Listen here: Charts Contact us at animalspiritspod@gmail.com with any feedback, recommendations, or questions.

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International College of Financial Planning

SEPTEMBER 21, 2020

‘Times they are a changin’ – Bob Dylan. They say time never waits for anyone. It’s always changing. Bob Dylan may have immortalized this fact through a song that was released way back in 1964 but even today we must all play catch up with the fast changing world all around us. Even if 2020 began pretty normally with the hullabaloo of a new year and prospects of a great year, by March, most of us realized that it is going to be the worst year in our collective living history.

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Education Financial Planning Ethics Planning 40

The Irrelevant Investor

SEPTEMBER 24, 2020

By age 30 you should have saved 1x your annual income. If this makes you feel bad about yourself, you're not alone. The internet was triggered by these numbers from Fidelity. Ben and I spoke about this concept on a podcast we did about retirement. I thought these numbers were completely ridiculous. 3x your income by 40? How? Well, lucky for us we have spreadsheets.

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Retirement Numbers Math 52

The Irrelevant Investor

SEPTEMBER 23, 2020

Today’s Animal Spirits is brought to you by Masterworks, sign up here. See important Disclaimer here On today’s show we discuss: Covid is crushing people with debt People with mortgages have no idea what their options are House-rich, cash poor Small businesses can't pay their rent 98,000 businesses have been permanently closed My regrets Amazon could have paid it's employees a lot of money, if only that's how it worked It's really hard being rich Chris Rock is really rich, but money doesn't bu

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Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

Accounting

The Irrelevant Investor

SEPTEMBER 23, 2020

If you asked an investor in the 20th century what the single most important financial metric is when evaluating a potential equity investment, 100 out of 100 people would have said earnings. They might have not agreed on the most important aspect of it, for example some would have favored growth, others stability, what have you, but they all would have agreed that the attractiveness of an investment is simply a function of what you're paying for earnings.

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Investing Investments 52

The Irrelevant Investor

SEPTEMBER 22, 2020

There are a lot things that could take a business down when the economy shuts off for a few months. High up on that list would be debt. It's no surprise then, that the stocks with the strongest balance sheets held up better during the lockdown and have outperformed coming out of it. But then what the hell do we make of this chart from Sarah Ponczek?

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The Irrelevant Investor

SEPTEMBER 21, 2020

I would describe my outlook on the market as long-term bullish, short-term anxious. This might sound contradictory, but it's not. I bet there are a lot of investors out there who feel strongly that stocks are going to be higher 20 years from now, and yet you wouldn't know it by looking at their portfolio, or by their trading activity. If long-term returns are all that matter, then why do we focus so much on today?

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Investments Investing Portfolio Marketing 52

The Irrelevant Investor

SEPTEMBER 20, 2020

Articles Here’s how to start getting healthy (By Phil Pearlman) Almost everybody insists they’re a careful spender. The size of their portfolio—or the lack thereof—often suggests otherwise (By Jonathan Clements) In times of volatility, people ditch their underperforming traditional active mutual funds and buy low-cost ETFs when they decide to re-enter the market (By Dave Nadig) Over the entire time period, buying stocks trading above 10x Revenue was a bad idea!

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Portfolio Investing Investments Marketing 52

The Irrelevant Investor

SEPTEMBER 19, 2020

This week Ben and I spoke about the animosity that's brewing between those who must return to work and those who can continue to work from home.

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The Irrelevant Investor

SEPTEMBER 19, 2020

Yesterday Ben and I did a show on retirement. How to think about it, how to plan for it, and everything in-between. We got some great feedback and ideas that I thought were worth sharing. Saving for college We put all of our kids through college with a fairly simple, but rigorous plan. We would pay for up to a state school education or if they received scholarships to a private one that makes it similar in cost.

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Accounting