How reducing exposure to a catastrophic event, such as running out of money during retirement, is a better strategy than trying to accurately predict a catastrophic event. In this episode you’ll learn: How repeated exposures to low probability events can lead to ruin.How bonds have outperformed stocks over long stretches of time .How the success of retirement spending rules depend on the market environment and why a flexible approach to retirement spending makes the most sense given the wide variety of risk factors. Thanks to WIX and Policy Genius for sponsoring the episode. For show notes and more information on this episode click here. [0:20] Celebrating 250 episodes - thank you for listening![1:51] 3 individuals who have greatly influenced David’s passion for good investing.[2:37] The sequence of life - and how you are affected by it - matters.[9:21] Defining risk and modifying exposure.[9:53] Case study: bonds vs. stocks.[15:34] The conditions for premium dividend yield.[18:00] Spending rules for retirement.[23:04] Considering worst-case scenarios.[26:10] Best strategies for retirement planning. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Here are precautions we can take to avoid ponzi schemes and not become victim to investment fraud. In this episode you’ll learn: What are sources to determine the background of individuals and firms who are selling investment products and advice.What is the difference between registered investment advisors, registered investment companies and registered securities.How to analyze performance and fees to make sure they are acceptable before we invest.Why we need to be more wary if securities are not registered. Thanks to LinkedIn and Sleep Number for sponsoring the episode. For show notes and more information on this episode click here. [0:17] Personal stories surrounding fraudulent investment schemes.[2:38] The importance of authentic registration.[4:28] Who you are working with, and what are they promising?[6:34] Registered securities and registered investment companies.[8:41] Disclosing information properly when being compensated.[12:07] Deciphering performance claims.[16:37] Understanding what the fees are paying for.[18:37] Precautions to implement against fraud. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.