“Successful investing is about managing risk, not avoiding it.”
“The investor’s chief problem and even his worst enemy – is likely to be himself.”
“But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.”

Benjamin Graham, the Columbia University Professor that

Warren Buffett credits having the biggest impact on his financial future.

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I have a dream!
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AAII Replay
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Dear Friends,

I have a dream! I have a dream that our information will give you the information you need to be a successful long term do it yourself investor. The dream includes the hope that the information will help you manage every specific business risk investing poses.

Plus, the dream includes the hope that the information will help you develop the personal habits and attitudes that are most likely to lead to your success as an investor.

For many the course will be complicated by emotional challenges of which you may or may not be aware.

Cambridge University recently released a study focused on financial phobias. Since our work is designed to help do it yourself investors, I suspect it would be helpful to know if you face any of these “common” financial phobias. If so what have you done to manage the panic these phobias can trigger.

I suspect I have some minor challenges thus the decision to let someone else take the responsibility of managing our money. Also, I suspect these challenges may have motivated me to work beyond the point where we could have comfortably retired. My goal was to have at least twice what I knew we needed.

Here are a couple of articles on the recent study:

https://www.paydayadvance.co.nz/do-you-suffer-from-financial-phobia/

https://www.advisorperspectives.com/articles/2023/09/13/known-financial-phobias-dan-solin

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12 more Small Cap Value Q&A's from AAII NYC

The following questions were sent from the October 11, 2023 presentation to the NYC AAII Chapter.

You can watch the video here- https://www.youtube.com/watch?v=QjFlcDAlH1k

Chris Pedersen's section starts at 59:00. Paul and Chris conclude with a Q&A session.

If I have a pension and social security that cover my cost of living, is it inappropriate to have 100% of my long term portfolio in stocks?
How should I create a do it yourself target date fund using one of your Sound Investing portfolios?
What are the tax implications of the portfolios you recommend? Are some better for taxable accounts?
Paul, do you invest in any individual stocks? If not, why not?
I have relied on professional managers for most of my life but would like to quit paying the fees to have someone else do it. How can one feel confident in taking over the management of an account?
What about 50% half small cap value and S&P, AND 50% in a target date fund?
If I am dollar cost averaging is there a point (size of market decline) at which it would make sense to go ahead and invest it all?
Does it make THAT big of a difference if someone lump sums vs dollar cost averaging? which is better/worse?
Is there a small cap value emerging markets ETF you recommend for best in class?
No investment advisor I know recommends a 100% allocation to small value. More common is a tilt toward the favored factor, say, 80% in the market and 20% in small value. What do you recommend?
Do you recommend tax loss harvesting in a taxable account?
⁠https://www.whitecoatinvestor.com/tax-loss-harvesting/⁠
⁠https://www.whitecoatinvestor.com/how-to-tax-loss-harvest-a-large-taxable-account/
Does a large cap blend fund that’s equal-weighted compare well with a cap-weighted fund?

AAII Replay-The Case for Small Cap Value: The Good, the Bad and the Ugly!

Watch the replay of our AAII meeting here. Chris' presentation starts at 59:00. Paul and Chris conclude with a Q&A session.

What you'll learn:
1. Why small-cap value deserves a place in your portfolio
2. How and why you need to right-size your small-cap value allocation
3. What to expect when it's combined with a target-date fund in accumulation and retirement
4. How to choose small-cap value funds with the highest expected returns

Website is moved!

We have been busy moving Paulmerriman.com to a new platform. We appreciate your patience during this transition. We are still adding articles and podcasts to the website, the majority is working now.

Our Bootcamp page is a great place to start with numerous links to tables and articles. If you get to a 404 not found page please let Margiebaxley@virtualmargie.com know and she will fix it.

Beyond the S&P 500: How to supercharge your diversification

12 more Small Cap Value Q&A's from AAII NYC

The Lifelong Process of Financial Education with Paul Merriman

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In This Edition I have a dream!Latest PodcastAAII ReplayWebsite is MOVED!

In This Edition

I have a dream!
Latest Podcast
AAII Replay
Website is MOVED!

Small Cap Value for the last time