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The Mind Money Spectrum Podcast

Education Podcasts

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com. Graystone Advisor, LLC is a registered investment adviser offering advisory services in the State of California and in other jurisdictions where exempt from registration. Investing Forever LLC (d/b/a, Investing Forever Advisory) is a registered investment adviser offering advisory services in the State of Pennsylvania and in other jurisdictions where exempted.

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com. Graystone Advisor, LLC is a registered investment adviser offering advisory services in the State of California and in other jurisdictions where exempt from registration. Investing Forever LLC (d/b/a, Investing Forever Advisory) is a registered investment adviser offering advisory services in the State of Pennsylvania and in other jurisdictions where exempted.

Location:

United States

Description:

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com. Graystone Advisor, LLC is a registered investment adviser offering advisory services in the State of California and in other jurisdictions where exempt from registration. Investing Forever LLC (d/b/a, Investing Forever Advisory) is a registered investment adviser offering advisory services in the State of Pennsylvania and in other jurisdictions where exempted.

Twitter:

@mms_podcast

Language:

English

Contact:

9738426420


Episodes

#92. When it comes to tracking performance, here's what really matters.

9/14/2021
What do you track? What do financial advisors track? What should you track? In this episode, Trishul and Aaron try to address the question, "How do I know if I'm doing well?" From an investments perspective, this has historically meant comparing the performance of an investment strategy to a benchmark. But for meeting life goals, tracking net worth, savings, and spending may be more impactful. And outside of finance, how does your behavior react to what you monitor and track? Episode...

Duration:01:04:35

#91. Why did Trishul and Aaron choose lifestyle practices?

9/7/2021
Why start your own business? In this episode, Aaron and Trishul discuss the recent trend of educated workers quitting their jobs to prioritize their life. They examine the question "What is the role of employment in your life?" both as it pertains to their personal choices and as it applies to conversations with clients. While it may feel like choosing to be less ambitious is choosing your life over your work, it may help to reframe your thinking as choosing to be more ambitious about your...

Duration:00:57:38

#90. What you need to know about advisory fees.

8/31/2021
Fee-only advisors and all the other fees you may pay. In this episode, Trishul and Aaron discuss what it means to be fee-only and why they chose to make this commitment. AUM, hourly, and flat fees are just a few methods that all fall under fee-only. They discuss the evolution of financial services and why reputable advisors may still choose to sell financial products for a commission. They also explain why free financial services aren't always worth it. Episode References Investing...

Duration:01:12:27

#89. Are independent RIAs better? Here's what to consider first.

8/24/2021
Why Aaron and Trishul chose to go independent. In this episode, Aaron and Trishul highlight their career paths. They then discuss what led them to create independent advisory firms after joining the XY Planning Network. Trishul started by writing a financial blog before realizing he wanted to provide more individualized help. Aaron failed out of sales before joining another RIA as an employee for a decade. In preparing for partnership status, Aaron realized he wanted more control of how he...

Duration:01:02:24

#88. What's the big deal about the CFP®?

8/17/2021
The CFP® is the gold standard in financial planning for individual households. Trishul recently passed the CFP® exam. And so, in this episode, Aaron and Trishul discuss why the CFP® is so important. They discuss the Certified Financial Planner™ exam, continuing education requirements, the Code of Ethics, and the fiduciary standard. While the CFP® is not as academically rigorous as many formal post-graduate degrees, it is ideally suited for personal financial planning. Further, the breadth...

Duration:01:01:59

#87. What's the smart way to fund a college education these days?

8/10/2021
What to think about before applying to college. In this episode, Trishul and Aaron discuss planning that parents and students go through before applying for college. Aaron shares his experience as a high school student and how he funded all four years with scholarships. Trishul explains how he started saving two years before his daughter was born. They discuss grants, loans, and the Expected Family Contribution. There are so many resources available to help fund higher education that you...

Duration:00:53:49

#86. How does your True Tax Rate compare with the wealthiest Americans?

8/3/2021
ProPublica brings awareness to how the wealthy are not impacted by income taxes. In this episode, Aaron and Trishul discuss the ProPublica article that explored the True Tax Rate of the wealthiest Americans. The article examined income taxes as a percent of growth in wealth. The findings were nothing short of remarkable. Our hosts explore the fairness of ProPublica's methodology and further uncover our income tax system's regressive nature. They go through a thought exercise to unwravel the...

Duration:00:56:49

#85. Everything you need to know about investing in real estate.

7/27/2021
Investing in real estate isn't bad, but that doesn't make it good. In this episode, Trishul and Aaron explore real estate as an asset class. They discuss individual investment properties, non-traded REITs, and publicly traded REITs. Real estate investments include equity and fixed income components, and they can have a low correlation to stocks and bonds. But it is the leverage that mortgages provide that makes all the difference. Even so, do you really need real estate in your...

Duration:00:52:06

#84. Is the Yale Model dead?

7/20/2021
Even if the Yale Model works for endowments, you probably shouldn't follow it. In this episode, Aaron and Trishul discuss the Yale Model. With indefinite investment horizons, endowments typically gravitate towards illiquid investments, such as hedge funds, private equity, and venture capital. Trend following aims to take advantage of human irrationality. Long-short allows you to adjust and perhaps stamp out market risk. M&A takes advantage of price jumps when companies get bought out....

Duration:00:51:03

#83. Here's why commodities are an overrated investment.

7/13/2021
Commodities probably don't help your portfolio the way you think they do. In this episode, Trishul and Aaron discuss how commodities may fit into an asset allocation. In theory, gold, oil, and even corn can be a store of value and provide opportunities for speculation. And with futures and the magic of margin leverage, it's possible to amplify returns. Further, according to asset allocation research, securities with low correlations and positive expectations can even improve overall...

Duration:00:51:52

#82. Are you overlooking this stellar asset class?

7/6/2021
It's easy to be pessimistic about bonds, but they are actually necessary for your portfolio. In this episode, Aaron and Trishul go in-depth on why you need bonds. Despite low rates of interest and their limited ability to outpace inflation, bonds are essential in all but the most aggressive of portfolios. By understanding the mechanics of coupons, par value, credit quality, and duration, you can start to understand why bonds are a sensible low-risk, low-return investment. When stocks tank,...

Duration:01:13:52

#81. Molly Laughter: Don't refinance those student loans until you listen to this episode.

6/29/2021
Molly breaks the the do's and don't's of student loans. In this episode, Molly Laughter joins Trishul and Aaron for an all-encompassing look at student loans. With Covid forbearance ending soon, what are some of the options you have in front of you? She explains Direct vs FFEL loans, income-driven repayment plans, and consolidation vs refinancing. Depending on your income, employer, family, and desires, there are many paths available to you. But don't get too far until you digest these key...

Duration:01:07:56

#80. When it comes to investing, this is THE ONE THING you don't want to mess up.

6/22/2021
Why being neutral on growth vs value may actually be speculating. In this episode, Aaron and Trishul do a deep dive on asset allocation. The percent of stocks vs the percent of bonds in an investment portfolio. They explain how an all-stock portfolio is less risky than you think, while an all-bond portfolio is even riskier than you may believe. Losing money is only one type of risk. But if you understand all the other risks involved, you then get to decide which risks are the most important...

Duration:01:18:29

#79. Tax-Loss Harvesting 101: Sidestep these mistakes with your DIY strategy.

6/15/2021
Step-by-step instructions for implementing your own tax-loss harvesting strategy. In this episode, Trishul and Aaron try to design an algorithm for a do-it-yourself tax-loss harvesting program. They illustrate the benefits of harvesting with specific equity ETFs. They then debate how often to check for losses and how to maintain asset allocations after realizing a loss. They also propose how to get back to your original portfolio while avoiding wash sales. And if you want to make this all...

Duration:01:16:33

#78. It's not just for executives anymore. Uncover how you too can shelter over $100k a year.

6/8/2021
With modern administration measures, pension plans can be an executive's dream come true. In this episode, Aaron and Trishul discuss the other type of retirement plans, defined benefit plans AKA pensions. They start with the history of pensions and the emergence of ERISA. By calculating the benefit based on age and income, employers can fund significantly more on a pre-tax basis than defined contribution plans such as 401k's. They discuss the cons during the accumulation phase and the pros...

Duration:01:01:03

#77. What's the real limit on 401k contributions? It's much higher than you think.

6/1/2021
Retirement plans are really complex...maybe more complex than they should be? In this episode, Aaron and Trishul discuss a variety of the most common retirement plans. In exchange for substantial tax benefits, investors need to navigate a myriad of rules and restrictions. Aaron and Trishul discuss small business plans, including SEPs, SIMPLEs, and Solo 401k's. They then dig into bigger business plans, including 401k's, 403b's, 457's, and TSP's. By the end, you'll understand how non-Roth...

Duration:01:15:05

#76. Not all financial advice is created equal. Here's why.

5/25/2021
All the different flavors of financial advice. In this episode, Trishul and Aaron discuss the value of financial planning beyond just investments, such as taxes saved, utilizing retirement plans, and insurance analysis. They go over the pros and cons of working with an advisor who also sells the recommended insurance and investment products. This brings up the history of financial advice and the difference between fee-only, fee-based, and commission-only. No compensation structure is free...

Duration:00:52:25

#75. How credible are the purported benefits of financial advice?

5/18/2021
Methodology on studies on the tangible and intangible benefits of working with a financial advisor. In this episode, Aaron and Trishul examine research that tries to quantify the value of financial advice. High client retention rates imply that clients are happy. But how do you measure the value of advice? Past studies may have overstated the behavior gap. But recent studies provide additional insights beyond this singular metric. So don't forget about asset allocation, rebalancing, asset...

Duration:01:16:17

#74. This hidden benefit of financial independence changes everything.

5/11/2021
These differences between Financial Independence and Retiring Early always get missed. In this episode, Trishul and Aaron explore the benefits of Financial Independence unrelated to Retiring Early. Some people no longer work for money, some maintain their status quo, and others enjoy increased security and control. Even so, all these perks do not necessarily require Financial Independence. And there's no need to wait until retirement either to shift in your mindset. So perhaps the benefit...

Duration:00:58:05

#73. Is direct indexing the future of investing?

5/4/2021
Direct Indexing is the ideal combination of tax-loss harvesting and low fees. In this episode, Aaron and Trishul focus on the things you can control when it comes to investing. Asset allocation, low fees, and managing taxes. Tax-loss harvesting when an investment is down can help you grow your net worth more effectively over market cycles. But it works best when you use many securities so that when some things are zigging, others are zagging. Direct indexing is the culmination of low fees...

Duration:00:54:02