Josh Brown and Nick Maggiulli, of Ritholtz Wealth Management, discuss data on investing a lump sum vs dollar-cost averaging, and the results might surprise you. Read Nick's post for the data and charts: https://ofdollarsanddata.com/the-cost-of-waiting/ 1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here: http://ritholtzwealth....
Sep 25, 2019•12 min•Season 2Ep. 4
On a new edition of What Are Your Thoughts?, Michael Batnick and Josh Brown discuss: * The Repo Rate mini-panic * Are we ready for the Daniel Jones Era? * Does it really take $350,000 a year to live in cities? * Standup comics up in arms over political correctness and "cancel culture" * People got excited about value stocks recently. Again. * More terrible sports takes from Josh * Do you need a car to live in New York City? and lots more. As always, we love your feedback, so let us know What Are...
Sep 19, 2019•15 min•Season 2Ep. 3
Josh here - it was my honor and pleasure to interview Joe Duran, founder of United Capital, on stage earlier this week at the inaugural Wealth/Stack Conference in Scottsdale, Arizona. Joe made headlines earlier this year when he sold the firm to Goldman Sachs - a deal that was the largest Goldman has done in 20 years. Joe and I spoke about the need to advise clients on different aspects of their lives, beyond just what's happening in their portfolios. We also talked about what motivated him to m...
Sep 16, 2019•21 min•Season 2Ep. 2
Ritholtz Wealth Management CEO, Josh Brown, welcomes attendees to the inaugural Wealth/Stack conference in Scottsdale, Arizona. 1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation t...
Sep 11, 2019•9 min•Season 2Ep. 1
“I have something to admit – I enjoy receiving a paycheck twice every month. Some people are willing to give up the sure thing to pursue a passion project, launch their own business, or take a year off to travel the world. While I’m envious of those with such conviction, I just can’t pull the trigger.” Kevin ( @ferventfinance ) blogs at Fervent Finance and is the co-host of the Reversion to the Mean podcast with Justin Castelli . Tadas got Kevin on the phone Skype to talk about a recent post of ...
Aug 20, 2019•10 min•Season 1Ep. 154
“Because of the complexity of these compensation structures, I find that most people love the idea of having equity but do not understand it. With companies paying up to 50% of their employees total compensation package in equity, it’s important to understand what exactly is at stake when you decide to accept that job offer for “the next big thing.” Dasarte Yarnway ( @dasarteyarnway ) is the founder of Berknell Financial group which is a fee-only financial planning firm headquartered in San Fran...
Aug 08, 2019•10 min•Season 1Ep. 153
“A right balance is somewhere in between – enjoying Today while planning for Tomorrow. And there’s no magical, universal formula, spreadsheet, or ratio to figure this out. It’s entirely subjective to each person and family.” Jeremy Walter ( @jeremywalter ) is the founder of Fident Financial, LLC and logs at Calibrating Capital :. Tadas got Jeremy on the phone to talk about a recent post of his entitled “ Today vs. Tomorrowland ” where he writes about the challenges of balancing our need to live ...
Aug 02, 2019•10 min•Season 1Ep. 152
Josh Brown here - Michael Batnick and I return with an all new What Are Your Thoughts! Today's topics: * What technologies that we use now that will soon be obsolete? * Why bother worrying about manufacturing data when consumer data is what drives the economy? * 75 million Amazon customers are watching shows on Prime Video - what the hell are they watching? * Where does Once Upon a Time in Hollywood rank in the Tarantino pantheon? * Is Chipotle the greatest consumer turnaround story of our time?...
Jul 31, 2019•19 min•Season 1Ep. 151
Once upon a time, quality financial advice was only available for millionaires and the sophisticated investors who had the expertise to find the right advisors and understand exactly what they were getting. Non-millionaires and younger investors were ignored by traditional Wall Street brokerage firms, left to fend for themselves or, worse, to be preyed upon by unscrupulous brokers and insurance salesmen with skewed incentives. But times have changed, thanks to an innovative wave of new advisory ...
Jul 18, 2019•18 min•Season 1Ep. 150
This isn't a financial business. It's a communications business. The sooner people get this through their heads, the better equipped they'll be to serve clients. In an all-hands meeting, Josh discusses the primacy of empathy and caring over everything else. 1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here: http://ritholtzwe...
Jul 16, 2019•6 min•Season 1Ep. 149
FAQ: What are the seven deadly sins of investing? Many of the questions we get from investors revolve around one of these seven mistakes that, if left unchecked, could doom a long-term investing portfolio or retirement plan. Lust! Gluttony! Envy! Pride! Wrath! Greed! Sloth! Michael Batnick, Ben Carlson and Downtown Josh Brown weigh in on each of these sins and why they can be so destructive to investors who aren't aware of them. 1-click play or subscribe on your favorite podcast app Subscribe to...
Jul 10, 2019•17 min•Season 1Ep. 148
“Student debt has negatively impacted many American’s lives, but it’s not a crisis that I believe warrants an expansion of the government balance sheet to the tune of multiple trillions of dollars. Like anytime the government puts their thumb on the proverbial scale, actions have repercussions and should be carefully weighted ahead of time.” Andrew Thrasher ( @andrewthrasher ) blogs at Thrasher Analytics is an active participant on Financial Twitter. Tadas got Andrew on the phone to talk about a...
Jul 09, 2019•11 min•Season 1Ep. 147
“Where investing as a hobby might be sensible is with a small amount of your assets that you can afford to lose, and that you can handle psychologically. Being under the illusion that diving into investing in a meaningful way will result in above average performance is dangerous and likely to end poorly based on historical studies.” David Schawel ( @davidschawel ) is the CIO of Family Management Corporation and is a veteran observer of the financial markets. Tadas got David on the phone to talk ...
Jul 05, 2019•10 min•Season 1Ep. 146
There are two types of authenticity and both are important to clients and potential clients of any business. Josh breaks it down, Live from the Compound Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jul 05, 2019•10 min•Season 1Ep. 147
“As with most things in life you are in charge of your own stuff. If you want to drive a new luxury vehicle, more power to you. Just realize that there are financial (and environmental) trade-offs involved. But don’t be under the illusion that anyone really cares what car you are driving.” Ben Carlson recently got Tadas Viskanta, Director of Investor Education at Ritholtz Wealth Management, on the phone Skype to talk about a recent post of his entitled “ Why Your Luxury Car is Unlikely to Materi...
Jul 02, 2019•10 min•Season 1Ep. 145
1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer: https://thereformedbroker.com/terms-...
Jul 01, 2019•13 min•Season 1Ep. 144
“The moral of this story is obvious. We all do better when we have something to aim at. That’s why proper benchmarking is so important. In the investment world, it means a standard or measure that can be used to analyze the allocation, risk, and return of a given portfolio.” Robert Seawright ( @rpseawright ) who blogs at Above the Market is a long-established figure in the investment blogosphere. Tadas got Bob on the phone to talk about a recent post of his entitled “ How’s Your Aim? ” where he ...
Jun 27, 2019•10 min•Season 1Ep. 143
Who is the most disruptive person in wealth management? It's not a robo founder. Or an index ETF CEO. Or a blogger. In fact, it is Shirl Penney, the founder of Dynasty Financial Partners, whose platform for breakaway brokers who want to become independent advisors and own their own firms has now amassed almost $40 billion in client assets over the last ten years. Shirl has changed the way wirehouse brokers and other captive financial advisors at large firms have looked at independence. He's buil...
Jun 24, 2019•15 min•Season 1Ep. 142
Josh Brown and Michael Batnick discuss the recent post "I did everything I was supposed to do", which is the story of a man whose spent his whole career working for asset management firms and now finds himself on the wrong side of the active vs passive debate. There are real world consequences of the massive outflows of cash coming from actively managed mutual funds. This was Josh's attempt to look at the issue from the other side. The post spread around the financial web like wildfire. You can ...
Jun 20, 2019•12 min•Season 1Ep. 141
This is not a business of numbers. It uses finance, but it is not even a business about finance. This business is a business of communication. Of relationships. Of empathy. Josh discusses the topic at an all-hands Monday meeting at Ritholtz Wealth Management. 1-click play or subscribe on your favorite podcast app Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Talk to us about your portfolio or financial plan here: https://ritholt...
Jun 15, 2019•6 min•Season 1Ep. 149
Josh's new post is about a world in which the cost of money remains cheap to free, and all of the potential disruption that would entail. Josh looks at this issue through the prism of a decade's worth of massive outperformance for growth stocks vs value stocks. Ben Carlson (A Wealth Of Common Sense) brings up some interesting points about what this would mean for savers and investors and portfolio construction in general. You can read the post, When Everything That Counts Can't Be Counted here: ...
Jun 14, 2019•16 min•Season 1Ep. 140
“This is going to be life and death for many advisors. Legacy firms with massive overhead and fixed high fee AUM structures will struggle to compete with the coming change in fee structures. Firms that are able to move to a leaner and more tech based platform will outperform as they make up for lost revenue with fatter margins.” Cullen Roche who blogs at Pragmatic Capitalism has been a mainstay of the financial blogsophere for over ten years now. Tadas got Cullen on the phone to talk about a rec...
Jun 10, 2019•10 min•Season 1Ep. 139
Josh here - my friend Perth Tolle has been hustling and grinding harder than almost anyone I know on The Street these past few years - first, with the launch of her proprietary Life + Liberty Indexes and now with the first ETF based on her ideas. Perth believes, as I do, that countries with a strong rule of law and respect for both civil and human rights will make for better long term investments than countries that are lacking in these areas. The long term performance of the US, UK and Australi...
Jun 07, 2019•13 min•Season 1Ep. 138
Subscribe: https://www.youtube.com/thecompoundrwm?sub_confirmation=1 Josh here - I absolutely love this discussion between my partner Barry Ritholtz and the one and only Professor Scott Galloway about being happy and learning to live with yourself, in good times and bad. Scott's new book, The Algebra of Happiness, is both highly personal and instantly relatable to everyone. Scott has become one of the most sought after speakers on technology, marketing, trends and innovation. This is a great int...
Jun 06, 2019•20 min•Season 1Ep. 137
“How balanced is your life portfolio? If one area of your life were to not work out, how vulnerable would you be? When is the last time you rebalanced your life's portfolio? When have you last expanded your life portfolio?” Dr. Brett Steenbarger is a trained psychologist, trading coach, author and blogger at TraderFeed . Tadas got Dr. Brett on the phone to talk about a recent post of his entitled “ Why Diversification Works in Life and Markets ” where he discusses the importance of having a dive...
Jun 05, 2019•10 min•Season 1Ep. 136
Blair duQuesnay catches up with Brian Portnoy to discuss some of the biggest challenges in defining wealth, finding happiness in our success and being aware of the fact that we seem to always want more. Talk to Blair here: https://ritholtzwealth.com/team/blair-duquesnay/ Brian Portnoy, Ph.D., CFA, is an expert at simplifying the complex world of money. In his two books, The Investor's Paradox and The Geometry of Wealth, he tackles the challenges of not only making better investment decisions but...
May 31, 2019•11 min•Season 1Ep. 135
Barry Ritholtz and Downtown Josh Brown welcome storied Wall Street veteran Jeff Saut, formerly of Raymond James, to The Compound. Jeff talks about how he uses both fundamentals and technical analysis in his investment selection process, and why he doesn't pay as much attention to the economy as he does to earnings and investment ideas from trusted sources. Jeff spent the last 21 years as a chief strategist for Raymond James and has now gone independent, with both asset management and a new resea...
May 30, 2019•9 min•Season 1Ep. 134
“Prior to reading Expected Returns , I had a very narrow view of asset allocation and portfolio construction. Like most investors, I viewed diversification through the singular lens of asset classes, i.e. stocks vs. bonds. Through the effective use of two visual aids, this book turned that notion on its head.” Phil Huber is an enthusiastic participant in the financial blogsphere and the CIO of Huber Financial Advisors . Tadas got Phil on the phone to talk about a recent post of his entitled “ My...
May 29, 2019•10 min•Season 1Ep. 133
Josh is joined by Jeff Macke to discuss the latest quarterly earnings reports from Target, Walmart, Nordstrom and more! Enable our Alexa skill here - "Alexa, play the Compound show!" https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please ...
May 22, 2019•9 min•Season 1Ep. 132
There are only two commodities left worth anything in the money management business. In an all hands meeting at Ritholtz Wealth, CEO Josh Brown explains... Enable our Alexa skill here - "Alexa, play the Compound show!" https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to...
May 21, 2019•11 min•Season 1Ep. 131
