Paul Merriman: ‘This Is Not Just a Problem with Retail Amateur Investors’

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 31 March 2021

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

The author and financial educator discusses his commitment to indexing, why he believes in small value stocks, and the perils of performance-chasing.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company of New York, purchase New York.
0:26.5	Please stay tuned for important disclosure information at the conclusion of this episode.
0:32.5	Hi, and welcome to the Longview. I'm Jeff Battack Chief Ratings Officer for Morningstar Research Services.
0:37.9	And I'm Christine Ben's Director of Personal Finance for Morningstar.
0:41.4	Our guest on the podcast today is financial educator and author Paul Merriman.
0:45.9	Paul founded Merriman, a fee-only investment advisory firm in 1983.
0:51.2	He retired from Merriman in 2011 and started the Merriman Financial Education Foundation,
0:56.1	which is dedicated to providing comprehensive financial education to investors.
1:01.4	Paul has written several books on investing.
1:03.5	His latest release in November 2020 is called We're Talking Millions, 12 Simple Ways to Supercharge
1:09.9	Your Retirement.
1:12.7	He writes a weekly column on MarketWatch, and he also hosts the weekly sound investing podcast. Paul, welcome to the Longview.
1:19.6	Thank you, Jeff. It's really an honor to be here. Thank you. Well, we're happy to have you. Thanks
1:25.0	again. Wanted to start with your foundation. Through your foundation, you're committed to financial education. So my first question is, what are the characteristics of financial education that, in your opinion, really works to improve investor outcomes?
1:42.1	Well, to be fair, our focus is, first of all, all stages of life. That's a tall order,
1:51.0	except that we're not offering a complete lineup of financial information. We focus on investing. We focus on the selection of the equity asset classes
2:05.8	and how much should go in each one. We focus on the funds or ETFs you should consider. We focus on
2:15.4	that asset allocation between equity and fixed income. And a couple more,
	...

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