Benjamin Graham Disciple (EP.294)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 1 February 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's show we discuss the stock and bond market rallies in 2023, why certain investors are so pessimistic all the time, housing market activity bottoming, the most hated economic expansion of all-time, context around tech layoffs, consumer spending is slowing, Michael's first resume and much more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. (Wealthcast Media, an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's animal spirits is brought to you by Helios.
0:02.4	If you're a financial advisor and you want to learn about how Helios works with financial
0:07.4	advisors visit, Helios, that's H-E-L-I-O-S, driven.com slash animal spirits.
0:13.5	We had Chris Shuba on and I think we had their C-I-O on.
0:17.4	There's a stat that I saw if you want to check out those episodes to learn more about
0:20.2	how they work with us.
0:21.6	I saw a stat recently that model portfolios have compounded at like 18% a year for the
0:28.0	last decade.
0:29.0	What does that mean?
0:30.0	A lot of financial advisors, I don't know if it's most, but certainly a lot, do not want
0:34.6	to be responsible for managing portfolios, taxes harvesting, rebalancing, strategies and
0:40.1	all that sort of stuff.
0:41.1	So you can work with the company like Helios to really do it for you.
0:44.1	And they call themselves an insor-C-I-O because they build custom models, they do it with
0:48.2	the funds you own.
0:49.2	If you want to use them, the idea here is that I think most advisors would rather spend their
0:53.3	time focusing on the clients and growing the practice and being more efficient on financial
0:58.0	advice sort of things.
0:59.0	And they don't think that they can add value on the investment side of things.
1:02.1	That's really what Helios does.
1:04.0	So they say they work with multi-billion dollar teams all the way down to solo practices.
1:06.8	If you want to learn more, they're actually going to give a 10% discount for the first
	...

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