Radio Show - Which Portfolio Hedge for This Market?... Is Short-Termism Harming Your Investments?... and Listener Q&A | #111

Published: July 4, 2018, 5 p.m.

b'Episode 111 has a radio show format. In this one, we cover numerous Tweets of the Week from Meb, as well as some write-in questions.\\nBefore jumping in, a few housekeeping items\\u2026 Meb discusses a proxy campaign with which we need your help, an award Cambria just received, Meb\\u2019s new Office Hours, when the Trinity ETF will launch, a new webinar we\\u2019re going to put on later this summer, and more.\\nWe start with some of Meb\\u2019s Tweets of the Week. We discuss a WSJ op ed piece penned by Jamie Dimon and Warren Buffett, in which they suggest short-termism is harming the economy. Specifically, they believe public companies should reduce or eliminate the practice of estimating quarterly earnings.\\nNext, there\\u2019s a quote from Jim O\\u2019Shaughnessy: \\u201cMoney is like manure; if you pile it up it stinks to high heaven, but if you spread it around, it does a lot of good.\\u201d This is a springboard into a conversation about the role of cash in a portfolio, especially in today\\u2019s market.\\nThis segues into the next subject \\u2013 how Americans are reaching retirement age in worse financial shape than the prior generation, for the first time since Harry Truman was president. This leads to a conversation about starting investing early, but also focusing on active income and delaying the retirement age.\\nNext, there\\u2019s a tweet about early stage private investing. We use this as an opportunity to catch up on Meb\\u2019s private investments.\\nOther topics are fund-flow differentials between ETFs and mutual funds, as well as Meb\\u2019s dissection of Wealthfront\\u2019s latest fee structure. If you\\u2019re a Wealthfront client, you\\u2019ll want to listen to this.\\nWe then get into listener Q&A. Some that you\\u2019ll hear Meb address include:\\n\\nGiven today\'s valuations, I\\u2019d like Meb\\u2019s perspective on the pros and cons of allocating to the following "hedges" \\u2013 cash, gold, tail risk/put strategies, and managed futures.\\n\\nWhat advice does Meb have for people trading companies in their field? For example, a realtor making a move on home builders or a programmer stock-picking an AI firm.\\n\\nWould Meb please share his opinion on multifactor funds and the role they should play in an investor\'s portfolio?\\n\\nA question about advisor fees and whether they\\u2019re deserved.\\n\\nBesides portfolio construction and behavioral coaching in times of stress what are some other advisor value-adds? Are we reaching the limit of value added services?\\n\\nAs ETFs grow, under what circumstances could securities lending become a substantial risk to one\'s personal assets and possibly a systemic risk to the financial system--are processes in place now to prevent that problem before it happens?\\n\\nAll this and plenty of other rabbit holes in Episode 111.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'