The Money and Meaning Show

A Deep Dive into Investing: From Human Capital to AI with Wes Crill of Dimensional Fund Advisors

Host Jeff Bernier, CFP®, ChFC, CFS welcomes guest Wes Crill, Senior Investment Director and Vice President, Dimensional Fund Advisors, to The Money & Meaning Show podcast!
In this episode, Wes and Jeff dive deep into the world of investments! They cover a wide range of topics, including:
💰👩‍⚕️Understanding the difference between financial capital and human capital and how their impact and risk profile change throughout our lives
🌟 Exploring the fundamentals of factor investing, the characteristics associated with higher expected returns, and how to determine how far to tilt
🪙 Delving into the world of fixed income, its relevance when cash is yielding nearly 5%, and discussing strategies to manage different types of risks with it
🤖 Wes's intriguing perspective on Artificial Intelligence and its potential impact (or lack thereof) on capital markets and investment strategies.
#MoneyAndMeaning #InvestmentInsights #FactorInvesting #ArtificialIntelligence #FinancialIntelligence
Dimensional Fund Advisors, founded in 1981, has a long history of applying academic research to practical investing. They offer a full range of equity and fixed income strategies designed to target higher expected returns. Learn more by clicking here.
 
TandemGrowth Financial Advisors, founded in 2003, offers you a big advantage: an on-call financial advisor who will get to know you and collaborate with you. TandemGrowth believes the high value they place on client relationships sets them apart from other investment advisors. Together, you and TandemGrowth can create a customized financial strategy and they'll be there to help navigate all of life’s financial choices. Learn more by clicking here.
 
 

Embracing an Investment Philosophy: Guiding Your Journey with Rationality and Resilience

In today's episode, President and Wealth Advisor Jeff Bernier, CFP®, ChFC, CFS delves into the world of investing and explores how a well-defined investment philosophy can be your guiding light through market turmoil and triumphs.
📈 From the Great Financial Crisis to the dominance of AI-driven stocks, we journey through changing financial landscapes over our investing lifetime. Uncovering the power of a solid investment strategy may help long-term investors stay the course.
🌐 Jeff discusses the importance of understanding who you are and what you believe, and how these factors shape your investment choices. Take inventory of your resources – both financial and non-financial – and craft a strategic plan that enables you to stick to it even in challenging times.
🔑 Learn broad principles for long-term investing: thinking beyond the now, diversifying wisely, and keeping costs low while tax efficiency remains high. Discover how managing behavior and expectations can be pivotal in your investment journey, as we decode the happiness equation: reality - expectations.
🌍 Owning the world’s great businesses has proven to be an effective wealth-building strategy. We explore how the last 50 years have seen remarkable growth, with US stocks increasing about 32 times, driven by factors such as population growth and innovation.
🛤️ Join Jeff as he outlines key principles to implementing a long-term investment portfolio, backed by evidence-based research. He'll also dive into the importance of diversification across asset classes and the recognition that the future might not always mirror the past.
🎯 The ultimate goal? Helping you build and preserve wealth over time, by staying true to your investment philosophy. Tune in to this episode to gain valuable insights and strategies that may empower you to weather market fluctuations and build a prosperous financial future.
https://www.tandemgrowth.com/resources/money-meaning-show
#InvestmentPhilosophy #StayTheCourse #RationalInvesting
 

From the Navy to Consultancy: Navigating Meaning and Success in your Second Act with guest Bruce Johnsen

In today's episode, host Jeff Bernier, CFP®, ChFC, CFS welcomes special guest Bruce Johnsen, a former US Navy line officer, Vietnam veteran, and current management consultant to share his inspiring journey from the Navy to consultancy. Bruce reflects on his early days in the Navy and struggles he faced when retiring at the early age of 45. Bruce shares some interesting stories from many years of international work and goes on to offer the life lessons he has learned so far at 85 years young. Jeff and Bruce delve into an insightful discussion on Mitch Anthony's concept "work" and how the role and reason for work evolves through one's lifetime. 

Unlocking the Wisdom of the Dying: 8 Regrets of the Dying and 5 Keys to Living and Dying Regret-Free with Dr. Allen Hunt

Join host Jeff Bernier in a profound exploration alongside best-selling author Dr. Allen Hunt as they delve into the concept of living a life without regrets. Can it truly be accomplished?
Drawing upon his moniker as the renowned "Fourth Quarter Guy" and a wealth of extensive research on aging, dying, and regrets, Dr. Hunt delves into the 8 common regrets that haunt the dying. From these findings, he unearths 5 fundamental keys that pave the way towards living and departing without regrets.
No matter what quarter of life you are in, prepare to be inspired as they share invaluable insights on how you can incorporate these keys into your life and financial plan!

Build A Portfolio That Assumes the Market is ”Right” with guest PWL Capital’s Cameron Passmore

In the episode, host Jeff Bernier welcomes guest Cameron Passmore, CIM®, FMA, FCSI, Executive Chairman and Portfolio Manager at PWL Capital in Canada.
 
Cameron shares his firm's strong belief in evidence-based investing and why they believe so strongly in the philosophy. Jeff and Cameron discuss the importance of an advisor's role in going deep with clients who often aren't thinking broadly enough or deeply enough when it comes to formulating goals. The episode concludes with the topic of portfolio construction - why it's crucial to know your definition of risk, the importance of a plan and sticking with it, and what the industry loves to sell you but Cameron believes isn't needed. 
 
Check out PWL's white paper on non-financial considerations they've deemed worthy of consideration in financial decisions ✨ Finding and Funding a Good Life
 
📖 Find Jeff's latest release, The Money & Meaning Journey, which covers many of the same topics discussed in this podcast in more depth here.

Maximizing Social Security Benefits: Special guest Alicia Lipscomb shares her expertise to help navigate the program

Navigating Social Security can be tricky and confusing. That's why we invited special guest Alicia Lipscomb to The Money & Meaning Show to share her expertise on maximizing Social Security benefits. 
Alicia has been with the Social Security Administrator for over 22 years, and she will help you understand the ins-and-outs of Social Security so that you can make sure you are getting the most out of your benefits. In this podcast, she'll go over strategies to maximize payments, tips for spousal benefits, and much more.
 
Tune in now for all these tips and more!

How to Achieve ”Funded Contentment” in Your Life with guest Brian Portnoy

In today's episode, Jeff welcomes bestselling author and founder of Shaping Wealth Brian Portnoy, Ph.D., CFA to discuss the difference between being "rich" and being "wealthy". Brian is an expert at simplifying the complex world of money. In the episode, Brian touches on a concept from his book The Geometry of Wealth: How to shape a life of money and meaning, that the true meaning of wealth is "funded contentment", the ability to underwrite a meaningful life.
As humans, we can get stuck on the hedonic treadmill when no matter what we pursue in life, even when we achieve our goals, we are always left wanting the next thing. Why won't money and stuff alone make you happy? Brian lays out a 3-step iterative process that everyone can follow to help align or calibrate the life you want to live with your balance sheet and portfolio.

How to Create Significance in Your Second Half with guest Dick Gygi, Founding Partner of FUEL

Are you in the middle or late stages of your career and struggling with "what's next"?
 
In today's episode, host Jeff Bernier, CFP®, ChFC, CFS welcomes special guest Dick Gygi. Dick has an impressive resume having served as a President of a number of consumer products companies for over 40 years, most recently as the President of PlusMark, a subsidiary of American Greetings. But, what's more impressive is all that he has been able to accomplish since retiring in 2001. 
 
In the episode, Dick shares life stories that have greatly impacted who he is and led him to create significance in his second half. Dick served as a Master Coach with the Halftime Institute and continues to advise entrepreneurs through FUEL for Good, LLC. He shares some of the advice he gives when coaching mid to late career professionals on how to create meaning in retirement.
 
Interested in learning more on this topic? Check out Jeff Bernier's latest release which looks into both the head and heart decisions involved in transitioning to your second act: jeffbernierauthor.com.
 
Important disclosures: bit.ly/3MbScI5