The Long Term Investor

Phil Huber is a wealth management practitioner and an investment-industry thought leader. As a CFA and CFP®, Phil is uniquely qualified to help investors design, implement, and stick with evidence-based portfolios built to hit long-term financial goals. Listen now and learn: - How the role of Chief Investment Officer has changed over time - Insights from Phil's new book, The Allocator's Edge - How Phil defines "long term" invests his own money

Peter answers your questions in his latest mailbag episode. Listen now and learn: How to estimate spending in retirement At what point should you stop saving for retirement Considerations for refinancing in 2022 Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Cryptocurrency investors have been clamoring for a bitcoin ETF to make it easier for average investors to gain exposure to the crypto market without having to mine bitcoin themselves. The wait is finally over, so now the question is whether the Bitcoin ETF makes sense for you. Listen now and learn: How Bitcoin ETF returns will differ from changes Bitcoin prices Problems with common investment theses for owning Bitcoin A framework for thinking about adding Bitcoin to your portfolio Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

While people tend to focus more of their attention towards the stock portion of their portfolios, but understanding the underlying fundamentals of your bond portfolio is important too. The biggest mistakes investors make tend to occur when yields are their lowest, so listen now to learn: The key drivers of bond returns How rising rates can be a good thing for long-term investors The disadvantages of owning individual bonds instead of bond funds Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

The national debt is always a hot topic, particularly when the country bumps up against the debt ceiling. Information from the media is often incomplete or biased, so it's hard to understand what the implications are for investors. Listen now and learn: How the debt ceiling works and what to expect in the future What the growing U.S. national debt means for investors Investment implications for the long-term investor Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Lifestyle creep happens when your spending rises with your income and you adjust to a more expensive way of living. Once you get used to a certain lifestyle, cutting back can be very hard to do. Listen now and learn about: How this sneaky financial phenomenon can derail your financial progress A system that directs dollars to the things that matter to you most and keep us on track for reaching our end goals Resources to help stomp out lifestyle creep Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Democrats on the House Ways and Means Committee released their tax proposals on September 13, with the legislation covering a wide range of tax issues. Brian King, Chief Planning Officer at Plancorp, joins Peter on this episode to sort out the wide range of tax issues in the legislation and potentially planning opportunities to consider. Listen now and learn: The most important aspects of the tax proposal Planning opportunities to consider both this year and in the future Year end tax planning tips that are relevant to all people regardless of the legislation Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

In 2020, the global stock market had 155.7 million trades per day worth $554.6 billion dollars. The market prices you see at any given moment reflect the buying and selling by millions of market participants incorporating all known information about a company. Collectively, these market participants are highly educated and highly motivated. As a result, there is a lot of information that is quickly incorporated into prices. Listen now and learn: Why market prices fluctuate How financial markets are like piles of sand The biggest mistake people make when thinking about making a change to their portfolio Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

A growing number of investors are interested in Environmental, Social and Governance investing, known as ESG. That term is becoming more common, but ESG still means different things to different people. While some investors are drawn to the socially responsible side of ESG investing, others approach ESG factors as a way to evaluate risks and opportunities and create more sustainable portfolios. Because there are a lot of approaches that you can choose from, each with very different objectives, Peter shares his view of this rapidly growing investment space. Listen now and learn: 6 methods for incorporating ESG strategies in your portfolio How to define your ESG motives to align with your strategy Why ESG funds don't belong in 401(k) plans Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Peter answers listener questions is this Mailbag Episode Listen now and learn: Why housing is consumption and not an asset How to think about the ideal investment mix for retirement How to prioritize paying down student debt vs investing Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

One of the trickier decisions of saving for retirement is determining which accounts to prioritize with your savings. Is it most important to max out a 401(k) before an IRA? At what point should you use a taxable account for retirement savings? How does debt play into these decisions? This is one of those truly personal finance moments because everyone has different circumstances. Listen now and learn: The ideal order for prioritizing your retirement savings How to utilize the most underrated retirement account A framework for including savings goals beyond retirement Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

As the stock market continues to reach new highs, it's tempting to think about the possibility of buying and selling at just the right moment. Here's a dirty little secret that most of the investment industry doesn't want you to know: Time is more important than timing in investment success. Listen now and learn: The impact of investing at the absolute worst times The difference in returns earned from different timing strategies The secret to timing the market Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

If there is a universal investment ideal, it's that every investor wants to buy low and sell high. Rebalancing does just that. In today's episode, I'm going to explain rebalancing at a high level with some simple examples, point out some practical to challenges rebalancing, and then talk about the best way to rebalance your portfolio. Listen now and learn: The basics of rebalancing Practical challenges, costs, and considerations The pro's and con's of different different rebalancing strategies As an added bonus, Peter shares how to get free access to exclusive research on the topic. Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Inflation has been dominating the headlines for a few months now. With the risk of higher inflation on the way, one might wonder how to invest in such a scenario. After all, growing your hard-earned savings at a rate greater than inflation is the primary reason to be an investor. Listen now and learn: What is inflation and how it impacts you The best investments for inflationary periods When a bad outcome is and isn't the result of a poor decision Plus, Peter answers a listener's question about bond investing in a low-yield environment. Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

We often feel regret when we can clearly envision the alternative paths we didn't take and decide those paths would have been better than the one we ultimately chose. It's particularly easy to see the alternatives after the fact when you are an investor. Winning investments always find their way to the center of attention of financial media, social media, and social interactions. Investing is also highly quantifiable, which can lead us to believe there's always an objectively optimal decision out there. Knowing that there's an optimal choice as well as the opportunity for things to go wrong leads many investors to put a lot of pressure on themselves. In this episode, Peter explains where regret comes from, why we experience it with our portfolio, and what to do about it. Listen now and learn: • Strategies to minimize regret in advance • Common situations where feeling of regret are most likely to impact our investment decisions • When a bad outcome is and isn't the result of a poor decision Plus, Peter answers a listener question about whether the stock market is in a bubble. Visit TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

When major financial decisions come only once or twice in a lifetime, it's important to get to them right. This is the focal point of the third and final installment of a three part series covering Making Money Simple: The Complete Guide To Getting Your Financial House in Order and Keeping It That Way Forever. Listen in and learn how Peter addresses these big decisions. Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.

In the second installment of a three part series, Peter walks through the investing chapters of Making Money Simple: The Complete Guide To Getting Your Financial House in Order and Keeping It That Way Forever. The prior episode focuses on creating a system for financial success by making intentional, systematic choices with your money. With a good savings system in place, we can now turn our focus to investing. Successful investing allows you to maximize the impact of the good savings habits by offering a higher compound rate of return. But how do you earn those higher compound rates of return? Listen now and let Peter tell you how. Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.

One of the trickiest things about personal finance is the sheer number of choices. It doesn't matter the details of your specific situation – we all face countless decisions and each option comes with a lot of underlying complexity. So many people struggle to understand where to start and what to do with their money. That's why Peter wrote Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever. In the first episode of a three part series, Peter highlights his favorite passages and outlines the important concepts of Chapters 1-4. In this episode, you'll learn how to build a bulletproof savings system for growing your wealth. Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.

Financial advisors love spreadsheets, but we don't live in a spreadsheet. The mathematically superior advice isn't always the best for you. In this episode, Peter explores some of the areas where this concept is most prevalent. Listen in and learn how to: Build a budget that actually works Choose between investing and paying down debt Select an investment strategy that is best suited for your personality Invest via dollar cost averaging or lump sum in different scenarios Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.

How does an award-winning Chief Investment Officer invest his own assets? In this episode, Peter shares how he handles his own assets, liabilities, and spending habits. Listen in and learn: The story of Peter's first money lesson The metrics Peter uses most often to measure his progress The investments and asset allocations for each of his personal accounts The system Peter uses to manage his cash and liabilities Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.

What does it mean to be a long term investor? In this episode, Peter shares his definition of being a long-term investor and how it shapes the framework for making investment decisions. Listen in and learn: Whether 3, 5, 10, or 20 years qualifies as "long term" Why your time horizon is longer than you think The most potent combination for wealth creation The importance of being an optimist Visit www.TheLongTermInvestor.com for show notes, free resources, and submit questions.