Welcome to Money for the rest of us. This is the personal finance show on money, how it works, how to invest it, and how to live without worrying about it.

I'm your host David Stein. Today is episode 498. It's titled What I have

learned about Investing in the Past Decade. Last week my friend Stig Broderson of

the Investors Podcast Network released an episode on 10 things he has learned

about investing in the past decade since he launched TIP with Preston Pisch back in 2014. I've known Stig since 2017. We talk about every six weeks or so.

His investment approach is very different than mine and I encourage you to listen to that

episode as I found it quite enlightening. Money for the

rest of us is also a decade old this year and after listening to Stiggs

episode he got me thinking what have I learned about investing in the past decade?

I stepped down as chief investment strategist and chief portfolio strategist at my former

Investment Advisory Firm, Effiey Advisors in 2012.

I worked there 17 years including almost a decade managing close to 2 billion dollars of discretionary assets.

After leaving FEG, I knew I no longer wanted to manage assets for others,

but I wanted to continue teaching about investing.

Given my institutional investing background, I decided to get my track record for my personal

portfolio verified by an accounting firm, Ashland Partners, which does independent verification of global investment performance standards, known as Gips.

Now I don't know if they've ever verified the track record of an individual.

Typically it would be the investment composite for an asset manager and but I I went ahead and did it was my individual retirement

account you calculated the performance I sent them the calculations they say yeah

those are correct you can say they're they're audited or verified now

the performance for the four and a half years ending August 2012 was around

9.9% annualized, compared to 5% for the S&P 500, 1.9% for the MSA I

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