Invest Smarter

Abbie Leibowitz pioneered an industry of heath advocacy when he co-founded Health Advocate. Listen to his story as he talks about his early career as a pediatrician and how he then found himself as the Chief Medical Officer of the health insurance behemoth Aetna. Abbie has an inspirational story to share, and we hope you enjoy it.

Sean Adams is the CEO of Leveraged Life Management. His goal is to help the wealthy change their relationship with their money and become their own banker. Rather than try and explain it here, listen to the episode, and let me know what you think by emailing at [email protected]. The concept he introduces was new to me and it is probably new to you, so I hope you find this interview interesting and valuable. Note: The information in this podcast is for educational purposes only and should be viewed as specific investment advice. 

Download Sean's free Ebook here

Visit his website here.

Asset ALlocation is very important, and you don't want to get this wrong. Asset LOcation is also important, and this is often overlooked. Basically, different types of assets generally make more sense in particular account types. There are basically three account types: taxable, tax-deferred, and tax-exempt. We'll help you understand what belongs in what account and why. Enjoy the show, and keep Investing Smarter!Want to make sure your assets are properly located? Get a free retirement assessment at www.dewittcm.com/retirement-assessmentNote: The information in this podcast is for educational purposes only is not specific advice. Consult with a financial advisor or accountant with specific questions. Drop us a line at [email protected] or visit us at www.dewittcm.com/contact with questions or comments. 

Today we talk with Ted Peters. Who is Ted Peters? He started two successful banks from scratch. He ran Bryn Mawr Trust for 14  successful years. He has worked with Bed Bernanke and Janet Yellen. And now he runs a unique and exciting hedge fund with the top bank analyst in the country. This is his story. Go to the Invest Smarter Podcast page for full show notes. 

Email at [email protected] with questions for the show.

In this week's episode, we tackle inherited IRAs.

We cover | Options for spousal inherited IRAs | Options for non-spousal inherited IRAs | Explain what the 10-year rule is | Explain the old Stretch Provision | Give ideas for tax-efficient distribution strategies | Give a couple of scenarios | Explain how distributions are taxed | Explain some special considerations and exemptions | Keep Investing Smarter!

Welcome to the Invest Smarter podcast. On this show, we aim to leave you a smarter investor by the end of every episode. We will simplify investing, provide actionable ideas, and discuss timeless investing wisdom.

In this episode, we talk about whether or not you should invest when the market is at highs. Just thinking about whether or not to invest when the market is at highs means you are engaging in market timing, and we know throughout history that humans are simply not good at timing markets. Markets are incredibly complex, and every transaction has a seller and buyer, and both are humans, or algorithms designed by humans, and humans are emotional and vulnerable to irrational decision making.

We discuss statistics to dispel the notion that investing highs is a poor idea.

Articles Discussed:

Should I Invest When The Market Is High? Dispelling The Buy Low, Sell High Myth

Investors Reacted to Market Crisis in Unprecedented Fashion

In this week's show we cover:

• Biden's proposed taxes
• Risk of retiring at a market peak
• Dogecoin and Reddit
• Investing in what you understand- Peter Lynch
• Passive investing shortcomings
• Bill Miller's Q1 market letter
• Housing boom!

Stories Covered:

• Biden has pledged to tax the rich — but precisely how will he do that? Experts consider his options
• Study Shows Repealing Stepped-Up Basis Would Damage the Economy 
• Retiring soon? Why the popular 4% withdrawal rule may be a bad idea 
• Dogecoin, Elon Musk—And The Latest Reddit Mania 
• The Atlantic: The Autopilot Economy 
• Bill Miller 1Q 2021 Market Letter 
• US Housing Market Is Nearly 4 Million Homes Short of Buyer Demand - WSJ
• America Is Short of Home Builders as Well as Homes 

We are very excited to introduce our first guest to the podcast. Julian Krinsky is the founder of the  Julian Krinsky School of tennis, Julian Krinsky Camps and Programs, and The Julian Krinsky Business School, and more.  He left a comfortable life in South Africa to move to the USA in 1977 with just 1,200 dollars. He started giving tennis lessons on Dave Sr.s childhood backyard tennis court, and by 2019 he has reached 4,000 to 5,000 kids, half of whom were from overseas. Oh, did I mention he played in Wimbledon and the French Open? He's loaded with an abundance of life lessons and tennis tips, and we think you'll enjoy it. Here our conversation with Julian Krinsky.

In this week's show, we cover a whole range of topics from the Archegos family office blowout, Jamie Dimon's shareholder letter, China investing in Africa, the housing boom, value's mean reversion potential, and more.Please share our podcast! We are eager to grow and need your support. Thanks!Topics Covered: Archegos Jamie Dimon The Housing Boom Reasons to be Optimistic The Fed money printing accounting change Why people die with money in the bank Government debt vs cost S&P 500 leadership changes over the decades Value stocks mean reversion potential Stock ownership trends Home equity loansStories Mentioned:Credit Suisse explainer Archegos Capital Jamie Dimon Shareholder LetterNeed a Mortgage Loan? Good Luck. Lenders Are Tightening Standards.Here Are 17 Reasons to Let The Economic Optimism BeginThe Fed Isn’t Printing As Much Money As You ThinkHere’s Why So Many People Intend to Die With Money in the BankCelebrating 64 Years of the S&P 500 – Indexology® Blog | S&P Dow Jones Indices

Are Growth Stocks Dead?

Have you heard the saying, "if it's in the news, then it's in the stock?" If you have watched CNBC recently, you would constantly hear the narrative that value stocks are back and growth stocks are done. Meanwhile, value stocks are already up significantly from their lows, and growth stocks are already down significantly.  While I am not suggesting that this dynamic won't continue, I am suggesting that generally speaking, by the time an idea becomes mainstream, it is frequently too late. And the consequences for the average investor are often poor decision-making. Let's look at an example.

In growth's corner, we have the Ark Innovation ETF (ARKK). This represents the highest-flying tech stocks over the past fifteen months. In value's corner, let's go with the airlines and energy, two of the harder-hit industries from COVID. We will use the U.S. Global Jets ETF (JETS) and the SPDR Energy Select ETF (XLE).

Since November, ARKK is up 34%. Not bad, eh? However, JETS is up  59%, and XLE is up a whopping 75%! Looking more recently, since ARKK peaked in February, it is down a sizeable 22%. The others? JETS is up 19%, and XLE is up 14%. All this means is that if an investor is making their investment decisions based on what CNBC says, you will often be buying into consensus trades, which usually means you're buying high. Why is XLE a better buy today now that it's up 75% since November? Is it less risky today than it was then? Throughout the history of the markets, investors as a whole have proven time and time again to be bad at timing, buying when the risk is high and selling when the risk is lowest.

So are growth stocks dead? Well, relative to value, they've been dying slowly for months now. But by definition, growth stocks are growing, so how can they be dead?