17 Burst results for "Rick Edelman"

"rick edelman" Discussed on KGO 810

KGO 810

06:36 min | Last month

"rick edelman" Discussed on KGO 810

"Back to the Rick Edelman show Isabel barro in for today and we're heading to Brooklyn New York we're going to be talking with David How can I help you I am seeking help actually lots of help I'm 55 years old I have very little savings just a little over a $100,000 And as I think about retirement what I have pretty much left on my name I'm married I have no children on unemployed right now seeking seeking employment and really I have this pot which is not much of a pot in terms of thinking about where I'm going to be several years down the road So I'm getting nervous This is stressful very anxiety provoking situations So I need some ideas on what to do What do I do with this little money that I have sitting around that will vanish in no time with my current daily living expenses And I just want to get an idea of what I can do to catch up I've always been a very frivolous vendor and just kind of throwing money out the window left to right and here it is Now it's caught up with me and now I'm trying to figure out what to do David unfortunately the story that you're telling is one that just so many people are familiar with But let me just start off by saying it's not as bad as you might think Are you living off this 100,000 right now Yes Okay And how much are you spending Do you think on a monthly basis It's got to be between rent and utilities and food There's really not much else outside of that It's between three and $4000 Okay And I'm doing some odd jobs side work and that brings in a little bit of money here and there It's nothing steady but I mean I just see this savings just kind of dwindle It's becoming less and less it's not drastic when I look back and think about what it expend at this past month But it's going to be gone if I don't do something And like you said other people are in the situation and I hear about that all the time that people approach it retirement with nothing Even people that have won the lottery True Sometimes it's just a matter of procrastination David you know sometimes it's just that people think more about spending you know what they're going to spend on vacations and they think about what they're going to spend on their retirement And then all of a sudden you wake up one day and you're 65 and you say wait a second I'm getting close you know Exactly But the average American has less than a $100,000 in retirement savings And that's up this year from where it was last year even So like I said you're not as bad shape as you think you are But that doesn't mean that we can't make it better So you're married is your wife working No not Carly Okay and are you both thinking that work is in the cards for you or you considering working in the future Yes She's closer to getting some type of study work And I'm getting there I've been talking to folks and I've been scheduling interviews and I'm getting close Which will be a decent paying job So I mean I'd like to get a sense of okay So if you're looking to retire at let's say unlimited 5 years or let's say another ten years back then what do I need to do How much do I need to build how much catch up per se Do I need to play in order to be in a situation where let's say 5 or ten years from now Okay I can safely retire Okay Well let's try to figure that out But let's also let's just get some of the other financials here because that's I think going to help us with this bigger picture So you know let's sort of assume that okay you're going to have some work that's going to offset this for the next couple of years But may I just take a moment and also say that you're 65 So in theory you're also eligible at age 62 or over for a social security benefit I'm not saying you should take it right now but in theory if you couldn't get work you know if you were in a situation other than the one you're in right now where you said you know my wife and I really are just not able to work We just can't find jobs and it's just not going to happen in our area What would your social security checks be Are you familiar with what your benefits are going to look like Either at full retirement age or if you were to take it now Yes And I looked at that There's a statement of earnings or some type of an earnings statement that I can access online with social security and I believe that at full retirement which I think is 67 That's right And I didn't know I could retire as early as 28 I'm sorry about 28 62 62 Full retirement I know that it'll be around $2000 monthly Okay That'll get 2800 and do you have any idea about your wife Was she similar earner as you No And she's about ten years younger Okay so she is only 55 She's not going to be eligible for social security for a while But correct Even if let's say she didn't work or she didn't have benefits She would at her full retirement age or 62 or older be eligible for some spousal benefits So even if she didn't work and she didn't have a scenario where she's going to be working in the future Eventually she would have been eligible for a may still be for spousal benefits which is roughly half of what you'd be getting So you know if she waited until her full retirement age and you were taking social security that'd be another $1400 a month So by my math that's $4200 between the two of you You're 28 and her 14 So that covers almost all of your expenses Now not including taxes but if you're living between three and $4000 a month you might have a lot of that the majority of it covered by your social security check down the road So hopefully that gives you a little bit of peace of mind as well Now in the event that we are not going to take social security now because ultimately the longer you wait the more you're going to receive So in this case given that you do want to work and that you are planning to work for the foreseeable future go ahead and delay it If you take it earlier than full retirement age and you.

Rick Edelman Isabel barro David Carly Okay Brooklyn New York
"rick edelman" Discussed on KGO 810

KGO 810

06:08 min | Last month

"rick edelman" Discussed on KGO 810

"Let's take a phone call here on the Rick Edelman show off the Geneva Illinois in Chicago land can is on the air with us How you doing Ken I'm doing just fine How are you today Terrific Thanks so much for calling How can I help you Well first of all I want to thank you for so many years on your radio program And also to wish U and gene the best of luck going forward and I was going to be more than luck in your future endeavors and look forward to seeing just how things we have progressed in this next phase of your career I appreciate that very much can We'll have some exciting announcements in a couple of weeks from now But I thank you so much I really appreciate that So stay tuned for more Meantime what can I do for you today Well I was recently contacted by my very financial where I have my investments And they're soliciting me to get involved in possibly private equity in investing I've got sufficient assets that would qualify me for being able to participate in this kind of a private equity you fund Minimum minimum requirement is an investment of $500,000 And there are a lot of questions that I have about the long-term commitment on this and the higher fees and potential calls for more equity in such So I have I don't think I've ever really heard you address that very much on your program And what if you could give us me and others a listeners your insights and whether or not Edelman financial has any advice as any of this wealthier clients to possibly get involved in private equity Sure You're right I don't talk about private equity here on the program much at all But let me give you some background on it I'm a fan of private equity That should be as no surprise since our firm Edelman financial engines is now majority owned by private equity firms We have three In fact private equity partners in our firm and we've had private equity partners since 2005 So I was very early in welcoming private equity into our lives And I'm a big fan of private equity investments So June and I personally own some private equity funds It is as you noted only for accredited investors This means people who have $200,000 or more in income 300,000 if you're married and an expectation that you're going to continue that income or a $1 million worth of investments excluding your home So it is only for wealthy affluent individuals which is why I generally don't talk about it a lot on the show because this is a broad based radio show not merely a show for the very wealthiest The advantage of private equity is that there is a problem in the overall equity markets The problem is decreasing availability You know back if we go ten 15 years ago there were about 7000 publicly traded stocks in the United States Today there's about half that number about 3500 Many companies that were publicly traded have gone private private equity firms That's why they get their name have bought these companies and take them private My company used to be publicly traded And when we did a merger with financial engines they used to be publicly traded We bought them merge the two of our companies together and took them private So whereas investors used to be able to invest in Edelman financial and in financial engines public investors ordinary mutual fund buyers and so on can't do that anymore because we're now privately held by private equity firm The reason that this trend has occurred oh there are a lot of reasons I'll give you a few One is that companies have a changing need for capital In the old days companies went public because they needed access to the capital markets They needed the money to grow their business Build factories engage in R and D sell products et cetera today you don't need to go to the public markets to get capital the way that you used to Now there's ample availability of capital in the private markets through either borrowing or from selling some of your equity in the private marketplace So you don't need to go public anymore in that regard You also have a new set of federal regulations such as sarbanes oxley which are very burdensome I remember ten years ago when we were a publicly traded company we were spending over $2 million a year in legal and accounting expenses to comply with sarbanes oxley It wasn't doing our company any good It wasn't improving the safety of our clients or our investors It was just legal regulatory obligation And by going private we saved ourselves millions of dollars a year So a lot of companies are motivated to go private simply because of the burden of being public And then there's another problem which everybody is very familiar with When you're a publicly traded company Wall Street wants you to give your financial results on a quarterly basis And they want to know what are you doing over the next three months that's going to raise the stock price Well it's hard to make a long-term financial decision That's going to take years to develop When Wall Street demands quarterly results by being private we don't have to worry about it because our private equity partners are in it for the long term They recognize they're making a multiyear investment of 5 or ten years and there being patient about it And that allows us to be more strategic long term we're willing to spend money today without an immediate ROI and immediate return of investment because we know in the long run it'll pay off for our clients and for employees And yes for our shareholders the private equity partners So those are just some of the reasons why private equity has grown up in this business And why I'm a fan of it because wouldn't it be great if we had bought Microsoft back when it went public.

Rick Edelman Edelman financial engines Edelman sarbanes oxley Geneva Ken Illinois Chicago United States Microsoft
"rick edelman" Discussed on KOA 850 AM

KOA 850 AM

02:22 min | 2 years ago

"rick edelman" Discussed on KOA 850 AM

"To the Rick Edelman show, we've been talking about the new regulation that the SEC just approved this week regulation, be I that's best interests. Supposedly saying that. Hey, thanks to this new regulation, stockbrokers are going to have to serve your best interests. Unfortunately the name is a bit misleading. If you take the word for it from not only one of the SEC's own commissioners, but AARP the consumer federation of America, the group of lawyers who represent claimants suing their stockbrokers, and the national organization of state securities regulators, all of them in agreement that the new regulation is misleading that in fact, it doesn't require stockbrokers to serve their clients, best interests, even though that's the name of the regulation. Well here at Financial Engines, we participated in the regulatory process, we submitted a comment letter to the SEC while they were debating and deliberating over the regulation. We met with SEC staff. And while we applaud the SEC's intent to increase protections for investors, we are, frankly, concerned that the new rules, do not go far enough to protect consumers. The new regulation, for example, does not define key terms. That uses the word recommendation, but it doesn't explain what that is. That uses the phrase best interest, but it doesn't define what that is. And there's no enforcement mechanism even if the to determine that somebody violated the regulation, there's no enforcement process. And the rule says the broker dealers must merely disclose their conflicts of interest, rather than avoid them. So what is my advice for you? Recognize that, despite this new rule which takes effect starting in two months becomes fully effective a year from now despite the fact that the rule is now in place, and, despite the fact that it is called regulation best interest and, despite the fact that brokers and broker dealers will now be running around the country doing all kinds of advertising marketing, and making claims and sales pitches and seminars that hey we observe the best interests rule..

SEC Rick Edelman consumer federation of America AARP Financial Engines two months
"rick edelman" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:56 min | 2 years ago

"rick edelman" Discussed on WBZ NewsRadio 1030

"On the Rick Edelman show. Eleven fifty three. Here's a Subaru retailers of England all-wheel-drive traffic on the threes did a looks pretty busy for a Sunday morning. It certainly is Tina might just be easier to say where it's not busy at the moment. Well, even in Cape Cod, route six westbound backed up from before exit to the sagamore bridge, route three northbound is slow ride between route one thirty nine and route eighteen than the expressway. Northbound is just about full, the southbound side of the is even seeing a lot of company much of the way through the mid section twenty four. Northbound is really Jim between route one forty and route one and route forty four and then heavy between one thirty nine and ninety three ninety five northbound on the brakes from neponset street to route one Twenty-eight heading into downtown lower deck of ninety three in the Z. Cam bridge, slow for mystic reports of a crash along the way, it celebrates square lever, down ramp is jammed top to bottom sore drive westbound stalled out between levered circle, and the longfellow bridge north of town, route three southbound backed up. Close to two miles, getting the one twenty eight with reports of a new crash at one twenty eight David stuff, Alina, WBZ traffic on the threes. Westwood Furniture's retirement and store closing sale is now in its third week. Now, we've added bonus savings with selling out to the bay walls, the quality you expect with extra discounts Thursday through Monday, only Westwood furniture Indem on route one A at ninety five traffic and weather together statement, WBZ, Boston's NewsRadio. Welcome back to the truth about money Riechelmann here. Triple eight plan RIC Edelman dot com of talking to you about the speeds of computer processing made possible by the latest and greatest technology. All these are advances in AI an exponential technologies that I wanna share with you this week. Cisco says mobile data traffic is.

RIC Edelman Rick Edelman sagamore bridge longfellow bridge Westwood Furniture Z. Cam bridge Cape Cod Subaru Tina AI Cisco England Boston Indem David
"rick edelman" Discussed on 850 WFTL

850 WFTL

01:40 min | 2 years ago

"rick edelman" Discussed on 850 WFTL

"On the Rick Edelman show or heading off to Rochester, New York. We got on the phone. How are you Tom? I'm crying Rick. Thank you for calling. How can I help you? Number of years ago. Long term health policies for my wife. And I and the ones we bought were partners New York state. Can you tell me what the advantages are to having the partnership compared to a policy without a partnership? Yes, great question. And really glad you asked it. Let me back up and help folks out to understand the landscape of where we're at with long term care insurance. This is a relatively new phenomenon. I mean fifty years ago, you never heard of long term care insurance and practice probably never heard of long-term care because it really didn't exist. Long-term care occurs. These days because of longevity people are living longer than ever before. And as we know as we age we decline in health, and eventually you get to the stage where you need assistance with the activities of daily living. Now, this is separate from healthcare. I'm not talking about hospitals. I'm not talking about doctors, and nurses. I'm talking about help getting out of chair. Help bathing help eating help in walking those kinds of things those are the activities of daily living. And that's what long-term care is all about. Now when people need this assistance. They usually start out with doing it on their own then their spouse or an adult child provide some assistance, but eventually their condition deteriorates where they need a home health aid to help them in their home or it gets. So to such a degree..

Rick Edelman New York Rochester Tom fifty years
"rick edelman" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

03:23 min | 2 years ago

"rick edelman" Discussed on Newsradio 1200 WOAI

"Here's Rick Edelman a very happy weekend to you. Welcome to the Rick Edelman show. Well, the big news of this week. Of course is the Robert Muller report to congress that says Donald Trump and all the members of his campaign did nothing to collude with the Russians. Well, okay. That's the big political news story of the week. There are lots of other big political news stories that we're dealing with. Of course, let me run through a list of all the big political news stories that are preoccupying us than are causing you. Lots of worry abortion legislation African American reparations for slavery aids in Africa alternative energy sources the anti-gun rally after a church shooting campaign finance reform, the census China upset over Taiwan companies having difficulty meeting their huge pension obligations Cuban refugees, leaving Cuba. Headed to Florida debt relief for impoverished countries decriminalizing marijuana drilling in Alaska, drug enforcement policies. Drug prices emergency at the Mexico border with the related border patrol regarding illegal immigrants, the environmental debate over mining FBI hostage standoff with militant Survivalists fuel emission standards. Funding superconductor that would cost billions, but Gaza Strip global warming gun control health care plan. International tariffs, Iraq jobs being lost to being outsourced other countries legislation to eliminate the penny Medicare for all minimum wage increase missile defense system, North Korea nuclear threat between India and Pakistan the outrage over the murder of a gay teenager, a patients Bill of rights private school vouchers radioactive waste from nuclear power repeal of the estate tax. Wchs. Repetitive. Stress injuries sex education in schools, shutdown of the federal government someone firing a gun at the White House stem cell research, the tax plan the trade summit. Trouble involving usage of the White House's Email system. Universal healthcare coverage an unruly mob protesting the World Trade Organization and a welfare reform Bill. Does all that sound familiar is all that sound like, gee, this is what we're dealing with guess what over the past couple of weeks, gene? And I somehow stumbled while searching through TV looking for something to watch stumbled upon the TV series west wing, you remember west wing that TV series is twenty years old and all of the political issues. I just read to you were the story. Lines on west wing. So if you think that what we're dealing with right now is horrible and awful and new and different. Guess what we've been dealing with this stuff for at least the past twenty years. But there's one story that I want to emphasize from west wing for you right now. I think I know how we can save social security..

west wing Rick Edelman Donald Trump White House Robert Muller Gaza Africa congress Mexico FBI Iraq federal government Florida World Trade Organization Cuba marijuana
"rick edelman" Discussed on KSFO-AM

KSFO-AM

02:05 min | 2 years ago

"rick edelman" Discussed on KSFO-AM

"Your own. I'm Rick Edelman, Financial Engines, we can help you with your personal finances. Give us a call triple eight plan RIC. That's triple eight seven five to sixty seven forty two. We're happy to help you like we felt so many folks just like you all around the country. Stay with us. Money doesn't come with instructions. More of your questions coming up on a wreck cattleman show. Islanders in the Caribbean. Like to say that if you don't like the weather, wait, ten minutes. Hi, I'm RIC Edelman, and that's great advice for the stock market to it's easy to get upset when the market falls. But what we have to remember is that this too shall pass. Let's easy to say. But sometimes it can feel hard to do. So in times like these. When stock prices are swinging wildly one day to the next making you worry that your financial future might be at risk. Here's the advice, you need don't feel that you have to go it alone. I invite you to talk with one of my experienced, financial planners at Financial Engines. Let's take a look at your investments and see if they're doing what you need and expect will either reassure you that you're doing you should be doing or we'll give you recommendations to help. You get the peace of mind you need. So you can well wait for the sun to shine. Once again, call us a triple eight plan RIC. That's triple eight plan RIC or visit us at RIC Edelman dot com. That's rice, Delman dot com. Stylized lounge presents an evening with the progressive box. Tickling the ivories. He just saved. By bundling home and auto progressive. For that gal of yours. Go semiconductor lenses. This next one. Progressive casualty insurance company and.

RIC Edelman RIC Financial Engines Rick Edelman Caribbean ten minutes one day
"rick edelman" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

01:37 min | 2 years ago

"rick edelman" Discussed on Newsradio 1200 WOAI

"Advisor or conduct your own due diligence investing prescreened and the show was prerecorded earlier this week Rick is with element Financial Engines supported Financial Engines advisors LLC and the investment advisor that furnishes. This program Barron's has ranked it'll financial services is the number one independent advisory firm in the nation based on assets managed team size experience and regulatory record firm self nominate investor returns and experience or not considered. It'll mean combined with Financial Engines advisors in November two thousand eighteen this is an encore presentation of the Rick Edelman show. This is the Rick Edelman show. Edelman Financial Engines is the number one ranked investment advisor in the country by failing. Now, here's Rick Eshelman on a very happy weekend to you. Welcome to the Rick Edelman show. Lots to talk about with you today. The goal this radio show is you know, is to help you prepare for your financial future. And that means being prepared at all times. Whether those times are good or bad. And so I put together for you. Some of our favorite calls to show you that your financial situation and your individual goals are crucial to the decisions you'll make when it comes to choosing investments and your investment strategy. And how important it is. That you resist the temptation to act on impulse based on what you hear on the news or what happens one day or another in the market if you need help right now. And you might wondering what do in today's environment? Call us a triple eight plan RIC. That's triple eight seven five to sixty seven forty two. You can also visit us online at Financial Engines, just go to my namesake, website rice, Delman dot com. Ric Edelman dot com and want you to enjoy today's show..

Financial Engines advisors LLC Edelman Financial Engines Rick Edelman Ric Edelman Rick Eshelman advisor Rick Advisor Barron one day
"rick edelman" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

01:56 min | 2 years ago

"rick edelman" Discussed on Newsradio 700 WLW

"Welcome back to the Rick Edelman show. We're taking telephone calls here on the program. Triple eight plan RIC. That's the number dialed up. She's in Pittsburgh, welcome to the program. Kate, how are you? Very good. You very well. Thank you. How can I help? Well, I'm single no kids. My house is paid off. I'm retiring in tweet a five years, and I have an ad. I'll have an adequate for a one K, I'm currently healthy. But I know that won't always be the case and wanted to get your thoughts about purchasing long term care insurance. Okay. So no, kids any other dependence. Anybody financially dependent on you know? Okay. So here's the the broad conversation of long-term care. I'll give you the short answer. I don't think you need the coverage. But let me elaborate as to why. Long term care is one of the leading causes of poverty. Among retirees of the numbers of really horrific. It's roughly one to Americans over the age of sixty five will incur long-term care services. At some point the national average is about one hundred thousand dollars a year. This cost is not covered by health insurance. It's not covered by Medicare. It's not covered by social security. Meaning that if you do need the cost of care, you're going to pay for it yourself out of pocket, and this is why so many people go broke because you know, it's an eight thousand dollar per month expense, and if you're married, this is an addition to the expenses, you already have because if one of you goes into the nursing home the other of you is still living at home in the community incurring the normal expenses. So this is what drives married couples into poverty, in many cases because of this. But singles are a little. Different especially singles with no kids much simpler much easier because you're not worried about providing financial support to the community spouse..

Rick Edelman Pittsburgh Kate Medicare one hundred thousand dollars eight thousand dollar five years one K
"rick edelman" Discussed on KFI AM 640

KFI AM 640

01:44 min | 3 years ago

"rick edelman" Discussed on KFI AM 640

"Welcome back to the Rick Edelman show. Thanks for being with us on the program, the fastest growing jobs in America that pays six figures. It doesn't require a college degree. What is that job apt developer? The median salary is more than one hundred thousand dollars. There is more demand for app developers than any other job in the country that pays six figures. And that's going to be the case for the next seven years. According to this recent research, it's projected that we're going to be adding a quarter of a million jobs over the next six years for app developers. Sure, you can go to college to become an app developer just major in computer science, but many app developers are self taught. The most important aspect of this is to maintain your knowledge in the skill set. I mean, you go back to two thousand twelve and after who stopped learning new languages back then would not know HTML five, and they would be unqualified for a job today. Let alone the jobs that are coming. So the vital importance of lifelong learning as opposed to the one time one-size-fits-all college degree. Here's what's so fascinating about this. App. Developer Giro's, what that's referring to developing applications for what you know for what your smartphone. Do you? Remember that your smartphone didn't exist thirteen years ago? It's hard to believe. Can you remember life without your smartphone? Have you ever left your house without it? You turned around and went home and got it didn't show..

developer Rick Edelman America one hundred thousand dollars thirteen years seven years six years
"rick edelman" Discussed on News Radio 690 KTSM

News Radio 690 KTSM

01:53 min | 3 years ago

"rick edelman" Discussed on News Radio 690 KTSM

"Back to the Rick Edelman show. I don't know. If you've heard the news, but Edward Jones has just been sued by its employees who aren't happy with its 4._0._1._K plan. So if you're an employee at Edward Jones, you have a 4._0._1._K where you work and were Jones determines the mutual funds. That are available to you in the 4._0._1._K, and the employees have just filed a class action lawsuit on behalf of all the employees that had Jones saying, we don't like the investment choices that are available in the 4._0._1._K the plaintiffs allege that the company could have chosen better and less expensive investment options and lowered the fees associated with recordkeeping. I don't get it. Edward Jones is in the business of selling investments to its customers. I don't know. Maybe I got it wrong, by the way, BBN T had a similar lawsuit filed against them. The big Bank is agreed to paying. Twenty four million dollars to settle that lawsuit which says the front brakes there for the Sherry duties, forcing unreasonable investment management and ministry fees. Lots of other companies in the financial services industry have had similar settlements Dell and read Jackson, national CitiGroup, Deutsche Bank, Ameriprise mass, mutual and all of those companies there have been lawsuits filed by current and former employees saying we don't like the investments in the 4._0._1._K plan. Isn't there a com-? If what am I missing? I don't know. But if you're a customer of these companies, you gotta be scratching your head. Element Financial Engines, we serve more than seven hundred seventy retirement plans around the country, including the two largest private plans in the nation. Boeing and IBM we've got one hundred sixty eight billion dollars in assets under management in those workplace 4._0._1._K plans, including one.

Edward Jones Rick Edelman Sherry CitiGroup Deutsche Bank Boeing Ameriprise Dell Jackson IBM one hundred sixty eight billio Twenty four million dollars
"rick edelman" Discussed on WTVN

WTVN

05:29 min | 3 years ago

"rick edelman" Discussed on WTVN

"Welcome to the Rick Edelman show, and yes, a very happy weekend notwithstanding. This incredible cold snap that we've had across the country. The stock market has been fabulous. So far in two thousand nine hundred nineteen. And it's just really amazing. The stock market has had the best start to the year in thirty two years. This is really very exciting. And it just shows to go ya that. If you got really disappointed if you were really panicked and scared and upset or just frankly annoyed at the performance in two thousand eighteen well, how fast things change. So I hope you didn't do something foolish like selling your stock investments. Your stock mutual funds and exchange traded funds in December. Oh, I think you might have done that according to MorningStar investors pulled out a record one hundred forty three billion dollars out of their stock mutual funds in the month of December one hundred and forty three billion because why well we all know why the stock market was doing very poorly at the end of two thousand eighteen the fourth quarter. The last three months of the year, the s&p. Five hundred fell fourteen percent. And that scared a lot of people causing a record one hundred forty three billion in withdrawals in December, and you missed it because year today the stock market is now up six percent. And that's pretty darn exciting. Isn't it? It reminds us of the importance of not trying to time the market to remember that it's about the time in not the timing of your investments, and I'll take it a step further. And there were a lot of folks who were particularly unhappy with two thousand eighteen because of a section of their portfolio that was invested in small cap stocks. Or what do I mean by small-cap? There are three kinds of stocks big companies, medium sized companies and little companies big caps. Mid-size caps and small caps. Cap. Means capitalization the value of a company, and if you had a bunch of small caps in your portfolio, you're even more unhappy than most people because although the stock market fell fourteen percent in the last three months of last year. Small caps fell twenty percent, you know, who's upset about it. Well me for one because my has got a lot of small caps. You see? I need for you to understand. Why history tells us that most of the time I mean like seven or eight years out of ten over really long periods. Small-cap stocks little companies make more money they grow more than big companies. You know, the little companies are more agile when you've got a penny. It's easy to double it. When you've got a billion, it's hard to double a billion, so small caps tend to grow faster than big caps. Now, there are a lot riskier. And this is why it's not appropriate for everybody to do this. And if you don't have the stomach to handle, the volatility, if you all the long term time horizon, small caps might not be a huge great idea for you. But for me, and for gene, my wife, you know, we get it. We understand that investing is about long term. We can tolerate the volatility. We're smart enough and educated enough trained enough skilled enough experienced enough at all of this to recognize that in the long run. At least history tells us small caps, generally usually do better than large. Caps. And so our portfolio tends to have an over waiting of small caps more. So than the market itself would reflect on what about our clients at element, Financial Engines. Well, you can guess, you know, if the client's situation is not terribly dissimilar to jeans and mine chances are their portfolio isn't going to be terribly dissimilar either. I'm not suggesting that that's what you ought to be doing. I'm not suggesting that this is always going to work in the future. We know past performance and guarantee future results in any assertion of the country's a federal offense. But still having said that we believe that having a cap exposure. And our portfolio makes sense. Now, we got punished for that in two thousand eighteen shrugged our shoulders, we get it. We understand that happens from time to time. But look what's happened in two thousand nineteen the stock market is up year to date five percent. This is awesome. Small caps are up nine per se. Percents small caps of Donald most twice as well. In other words, we seem to be going back to the normal kind of environment. Now, these are outsized results. I don't want you to get to excited. I don't want you to believe this trend is gonna continue for the year. In fact, I will guarantee that it can't that it won't for the simple reason that if the stock market continues to do for the rest of the year what it has done so far in January. The stock market will end of the year with a sixty percent gain. And that's not serious. That's the point anybody who thinks that the rest of the year is going to be as good as January is kidding themselves. You're setting yourself up for failure. And in fact, you know, what my biggest fear is that a whole lot of the people who sold their stock funds in December at a loss. Have recently bought them now that they see the market performing better, and they missed out, and they're going to be wondering how come I don't seem to be making any money for my investments?.

Rick Edelman MorningStar Donald fourteen percent three months one hundred forty three billio thirty two years twenty percent sixty percent five percent eight years six percent
"rick edelman" Discussed on 850 WFTL

850 WFTL

06:42 min | 3 years ago

"rick edelman" Discussed on 850 WFTL

"Welcome to the Rick Edelman show, and yes, a very happy weekend notwithstanding. This incredible cold snap that we've had across the country. The stock market has been fabulous. So far in two thousand nine hundred nineteen. And it's just really amazing. The stock market has had the best start to the year in thirty two years. This is really very exciting. And it just shows to go ya that. If you got really disappointed if you were really panicked and scared and upset or just frankly annoyed at the performance in twenty eighteen well, how fast things change. So I hope you didn't do something foolish like selling your stock investments. Your stock mutual funds and exchange traded funds in December. I think you might have done that according to MorningStar investors pulled out a record one hundred forty three billion dollars out of their stock mutual funds in the month of December hundred and forty three billion because why well we all know why the stock market was doing very poorly at the end of twenty eight team in the fourth quarter. The last three months of the year, the S and P five hundred fell fourteen percent. And that's scared. A lot of people causing a record one hundred forty three billion and withdrawals in December, and you missed it because year today the stock market is now up six percent. And that's pretty darn exciting. Isn't it? It reminds us of the importance of not trying to time the market to remember that it's about the time in not the timing of your investments, and I'll take it a step further. There are a lot of folks who were particularly unhappy with twenty eight team because of a section of their portfolio that was invested in small cap stocks. Well, what do I mean by small-cap? There are three kinds of stocks big companies, medium sized companies and little companies big caps. Mid-size caps and small caps. Cap. Means capitalization the value of accompanying, and if you had a bunch of small caps in your portfolio, you're even more unhappy than most people because although the stock market fell fourteen percent in the last three months of last year. Small caps fell twenty percent, you know, who's upset about it. Well, me for one because my portfolio got a lot of small caps. You see? Need for you to understand? Why history tells us that most of the time I mean like seven or eight years out of ten over really long periods. Small-cap stocks little companies make more money they grow more than big companies. You know, the little companies are more agile when you've got a penny. It's easy to double it. When you've got a billion, it's hard to double a billion, so small cats tend to grow faster than big caps. Now. There are a lot riskier. And this is why it's not appropriate for everybody to do this. And if you don't have the stomach to handle, the volatility, if you all the long-term time rise and small caps might not be a huge great idea for you. But for me, and for gene, my wife, you know, we get it. We understand that investing is about long term. We can tolerate the volatility or smart enough and educated enough trained enough skilled enough experienced enough at all of this to recognize it in the long run. At least history tells us small cats, generally usually do better than large. Caps. And so our portfolio tends to have an over waiting of small caps more. So than the market itself would reflect and what about our clients that element, Financial Engines. Well, you can guess, you know, if the client's situation is not terribly dissimilar to jeans and mine chances are their portfolio isn't going to be terribly dissimilar either. Now, I'm not suggesting that that's what you ought to be doing. I'm not suggesting that this is always going to work in the future. We know past performance doesn't guarantee of future results of the country's a federal offense. But still having said that we believe that having a small cap exposure in our portfolio makes sense. Now, we got punished for that in two thousand eighteen shrugged our shoulders, we get it. We understand that happens from time to time. But look what's happened in twenty nineteen. The stock market is up year to date five percents. This is awesome. Small caps are up nine per se. Percents small caps of Donald most twice as well. In other words, we seem to be going back to the normal kind of environment. Now, these are outsized results. I don't want you to get too excited. I don't want you to believe this trend is gonna continue for the year. In fact, I will guarantee that it can't that it won't for the simple reason that if the stock market continues to do for the rest of the year what it has done so far in January. The stock market will end of the year with a sixty percent gain. Serious. I'm serious. That's the point anybody who thinks that the rest of the year is going to be as good as January is kidding themselves. You're setting yourself up for failure. And in fact, you know, what my biggest fear is that a whole lot of the people who sold their stock funds in December at a loss. Have recently bought them now that they see the market performing better, and they missed out, and they're going to be wondering how come I don't seem to be making any money for my investments? It's because you insist on selling low and buying. Hi, hello. Here's a newsflash for you. The key to investment successes to buy low sell high. You insist on doing exact opposite. And then you complain that your results. Thank you blame your financial adviser. You get upset at CNBC. Well, okay. That's okay. To get upset at CNBC. But I digress. Hey, speaking to CNBC here familiar with the street dot com. Right. That's Jim Cramer's outfit. Right. Well, here's a headline from the street dot com. Quote, stock markets strong January performance bodes well for the rest of the year. They wrote that on January thirty first of twenty eight fifteen remember what happened last January a year ago last January the stock market was up six percent. And at the end of last January. They wrote, hey, this will for the rest of the year. Well, we all know what happened the stock market end up losing money for two thousand eighteen so my point is this let's not get cocky, let's not get carried away. Let's not assume the past performance guarantees the.

CNBC Rick Edelman Jim Cramer MorningStar Donald fourteen percent three months six percent one hundred forty three billio thirty two years twenty percent sixty percent eight years
"rick edelman" Discussed on KSFO-AM

KSFO-AM

06:42 min | 3 years ago

"rick edelman" Discussed on KSFO-AM

"Welcome to the Rick Edelman show, and yes, a very happy weekend notwithstanding. This incredible cold snap that we've had across the country. The stock market has been fabulous. So far in two thousand nine hundred nineteen. And it's just really amazing. The stock market has had the best start to the year in thirty two years. This is very exciting. And it just shows to go ya that. If you got really disappointed if you were really panicked and scared and upset or just frankly annoyed at the performance in two thousand eighteen well, how fast things change. So I hope you didn't do something foolish like selling your stock investments. Your stock mutual funds and exchange traded funds in December. I think you might have done, according to MorningStar investors pulled out a record one hundred forty three dollars out of their stock mutual funds in the month of December one hundred and forty three billion because why well we all know why the stock market was doing very poorly at the end of two thousand eighteen in the fourth quarter. The last three months of the year, the S and P five hundred fell fourteen percent. And that scared a lot of people causing record one hundred forty three billion in withdrawals in December, and you missed it because you're today. The stock market is now up six percent. And that's pretty darn exciting. Isn't it? It reminds us of the importance of not trying to time the market to remember that it's about the time in not the timing of your investments, and I'll take it a step further. And there were a lot of folks who were particularly unhappy with twenty eighteen because of a section of their portfolio that was invested in small cap stocks or what I mean by small cat. There are three kinds of stocks big companies, medium sized companies and little companies big caps. Mid-size caps and small caps. Cap. Means capitalization the value of a company, and if you had a bunch of small caps in your portfolio, you're even more unhappy than most people because although the stock market fell fourteen percent in the last three months of last year. Small caps fell twenty percent, you know, who's upset about it. Well, me for one because my portfolio has got a lot of small caps. You see? I need to understand. Why history tells us that most of the time I mean like seven or eight years out of ten over really long periods. Small-cap stocks little companies make more money they grow more than big companies. You know, the little companies are more agile when you've got a penny. It's easy to double it. When you've got a billion, it's hard to double a billion, so small cats tend to grow faster than big caps. Now. There are a lot riskier. And this is why it's not appropriate for everybody to do this. And if you don't have the stomach to handle the volatility, if you own the long-term time rise in small caps might not be a huge great idea for you. But for me, and for gene, my wife, you know, we get it. We understand that investing is about long term. We can tolerate the volatility. We're smart enough and educated enough trained enough skilled enough experienced enough at all of this to recognize that in the long run at least history tells us small cats, generally, you know, usually do better than large. Caps. And so our portfolio tends to have an over waiting of small caps more. So than the market itself would reflect and what about our clients at element, Financial Engines. Well, you can guess, you know, if the client's situation is not terribly dissimilar to jeans and mine chances are they're portfolio isn't going to be terribly dissimilar either. I'm not suggesting that that's what you ought to be doing. I'm not suggesting that this is always going to work in the future. We know past performance doesn't guarantee future results in any assertion of the country's a federal fence. But still having said that we believe that having a cap exposure. And our portfolio makes sense. Now, we got punished for that in two thousand eighteen we shrugged our shoulders, we get it. We understand that happens from time to time. But look what's happened in two thousand nineteen the stock market is up year to date five percent. This is awesome. Small caps are up nine per se. Percents. Small caps have done almost twice as well. In other words, we seem to be going back to the normal kind of environment. Now, these are outsized results. I don't want you to get to excited. I don't want you to believe this trend is gonna continue for the year. In fact, I will guarantee that it can't that it won't for the simple reason that if the stock market continues to do for the rest of the year what it has done so far in January. The stock market will end of the year with a sixty percent game. You cannot be serious, and that's not serious. That's the point anybody who thinks that the rest of the year is going to be as good as January is kidding themselves. You're setting yourself up for failure. And in fact, you know, what my biggest fear is that a whole lot of the people who sold their stock funds in December at a loss. Have recently bought them now that they see the market performing better, and they missed out, and they're going to be wondering how come I don't seem to be making any money for my investments? It's because you insist on selling low and buying. Hi, hello. Here's a newsflash for you. The key to investment success is to buy low sell high. You insist on doing the exact opposite. And then you complain that your results. Thank you blame your financial adviser. You get upset at CNBC. Well, okay. That's okay. To get upset at CNBC. But I digress. Hey, speaking of CNBC. We're familiar with the street dot com. Right. That's Jim Cramer's outfit. Right. Well, here's a headline from the street dot com. Quote, stock markets strong January performance bodes well for the rest of the year. They wrote that on January thirty first of twenty eight teen you remember what happened last January a year ago last January the stock market was up six percent. And at the end of last January. They wrote, hey, this is well for the rest of the year. Well, we all know what happened the stock market end up losing money for two thousand eighteen so my point is this let's not get cocky, let's not get carried away. Let's not assume the past performance guarantees the.

CNBC Rick Edelman Jim Cramer MorningStar fourteen percent three months six percent one hundred forty three dollar thirty two years twenty percent sixty percent five percent eight years
"rick edelman" Discussed on WTMJ 620

WTMJ 620

05:29 min | 3 years ago

"rick edelman" Discussed on WTMJ 620

"Welcome to the Rick Edelman show, and yes, a very happy weekend notwithstanding. This incredible cold snap that we've had across the country. The stock market has been fabulous. So far in two thousand nine hundred nineteen. And it's just really amazing. The stock market has had the best start to the year in thirty two years. This is really very exciting. And it just shows to go ya that. If you got really disappointed if you were really panicked and scared and upset or just frankly annoyed at the performance in two thousand eighteen well, how fast things change. So I hope you didn't do something foolish like selling your stock investments. Your stock mutual funds and exchange traded funds in December. Oh, I think you might have done that according to MorningStar investors pulled out a record one hundred forty three billion dollars out of their stock mutual funds in the month of December hundred and forty three billion because why well we all know why the stock market was doing very poorly at the end of two thousand eighteen in the fourth quarter. The last three months of the year, the S and P five hundred fell fourteen percent. And that scared a lot of people causing a record one hundred forty three billion in withdrawals in December, and you missed it because year today the stock market is now up six percent. And that's pretty darn exciting. Isn't it? It reminds us of the importance of not trying to time the market to remember that it's about the time in not the timing of your investments, and I'll take it a step further. There were a lot of folks who were particularly unhappy with twenty eight team because of a section of their portfolio that was invested in small cap stocks. Or what do I mean by small-cap? There are three kinds of stocks big companies, medium sized companies and little companies big caps. Mid-size caps and small caps. Cap. Means capitalization the value of a company, and if you had a bunch of small caps in your portfolio, you're even more unhappy than most people because although the stock market fell fourteen percent in the last three months of last year. Small caps fell twenty percent, you know, who's upset about it. Well, me for one because my portfolio has got a lot of small caps. You see? To understand. Why history tells us that most of the time I mean like seven or eight years outta town over really long periods. Small-cap stocks little companies make more money they grow more than big companies. You know, the little companies are more agile when you've got a penny. It's easy to double it. When you've got a billion, it's hard to double a billion, so small cats tend to grow faster than big caps. Now. There are a lot riskier. And this is why it's not appropriate for everybody to do this. And if you don't have the stomach to handle, the volatility, if your own the long-term time rise and small caps might not be a huge great idea for you. But for me, and for gene, my wife, you know, we get it. We understand that investing is about long term. We can tolerate the volatility. We're smart enough educated enough trained enough skilled enough experienced enough in all of this to recognize that in the long run at least history tells us small caps, generally, you know, usually do better than large. Caps. And so our portfolio tends to have an over waiting of small caps more. So than the market itself would reflect and what about our clients that element, Financial Engines. Well, you can guess if the client's situation is not terribly dissimilar to jeans and mine chances are their portfolio isn't going to be terribly dissimilar either. Now, I'm not suggesting that that's what you ought to be doing. I'm not suggesting that this is always going to work in the future. We know past performance and guarantee future results in any assertion of the is a federal offense. But still having said that we believe that having a small cap exposure. And our portfolio makes sense. Now, we got punished for that in two thousand eighteen shrugged our shoulders, we get it. We understand that that happens from time to time. But look what's happened in two thousand nineteen the stock market is up year to date five percent. This is awesome. Small caps are up nine percent. Cents. Small caps have done almost twice as well. In other words, we seem to be going back to the normal kind of environment. Now, these are outsized results. I don't want you to get too excited. I don't want you to believe this trend is gonna continue for the year. In fact, I will guarantee that it can't that it won't for the simple reason that if the stock market continues to do for the rest of the year what it has done so far in January. The stock market will end of the year with a sixty percent gain. You cannot be serious not serious. That's the point anybody who thinks that the rest of the year is going to be as good as January is kidding themselves. You're setting yourself up for failure. And in fact, you know, what my biggest fear is that a whole lot of the people who sold their stock funds in December at a loss. Have recently bought them now that they see the market performing better, and they missed out, and they're going to be wondering how come I don't seem to be making any money for my investments is because.

Rick Edelman MorningStar fourteen percent three months one hundred forty three billio thirty two years twenty percent sixty percent five percent nine percent eight years six percent
"rick edelman" Discussed on WJR 760

WJR 760

01:38 min | 3 years ago

"rick edelman" Discussed on WJR 760

"To the Rick Edelman show for all your questions about investing saving for retirement. Sending your kids to college and more. It's the Rick Edelman show every Saturday morning at an ad from dad. All right. Save money on car insurance when you bundle home and auto with progressive. Right. What is this? This is good. Wow. Where did you get this? I'm talking to you with the hair. Yeah. Where did you get this? Good stuff. That's not the near that solid stuff. Progressive cat save you from becoming your parents, but we can save you money when you bundle home and auto. Progressive casualty insurance company affiliates and other insurance discounts not available in all states or situations. Hi, Paul W here with my wife Kim, and we are excited about our forth dream vacation that we're planning for this September. We're looking forward to going to the Greek isles, and we're inviting you are WJR listeners. It's going to be an amazing trip aboard the absolutely stunning celebrity reflection cruise ship, and we'll be traveling with fellow WJR listeners all of our travelling details handled by cruise and tour, but the ultimate excitement is where we'll be visiting. We're going to send Tarini Mykonos roads and Athen we're also going to see palm Jimmy orca, Sicily Malta and a full day exploring Barcelona Spain together, we'll be exploring relaxing, eating drinking and shopping take the time to learn more. It's fallen Kim's dream vacation number for this September for any questions or to request a free brochure. Visit. WJR travel club dot com or call eight hundred three eight three thirty one thirty one. Let's go to the Greek isles together. Eight hundred three eight three thirty one. Thirty one was six three..

Rick Edelman Kim Tarini Mykonos Sicily Malta Paul W Jimmy orca Athen Spain
"rick edelman" Discussed on KSFO-AM

KSFO-AM

01:34 min | 3 years ago

"rick edelman" Discussed on KSFO-AM

"I'm Rick Edelman. You're listening to the Rick Edelman show. You can call us at Financial Engines, the triple eight plan RIC or visit us online at rice, Delman dot com. More with the founder of one of the nation's largest independent investment advisory firms coming up on the Rick Edelman show. Hi, I'm RIC Edelman, and I have a feeling that retirement is on your mind. You're wondering if you've saved enough or whether your money is in the right places, you're wondering when will you be able to retire or will you be able to stay retired and is your money sufficiency? You can live in comfort and financial security for the rest of your life. You're wondering all this. But you really don't have to just wonder you can resolve all these questions in your effort to enjoy a retirement. That's everything you want it to be and we can help at element Financial Engines, our clients are predominantly concerned about retirement, your financial security financial security for your spouse for your aging parents for your children, and we can help you just like we've helped thousands of folks just like you for more than thirty years. So call us at element Financial Engines at triple eight plan RIC that's triple eight plan RIC or visit us at RIC Edelman dot com. That's rice, Delman dot com. Hi, I'm RIC Edelman, and I have a feeling that retirement is on your mind. You're wondering if you've saved enough or whether your money is in the right places, you're wondering when will you be able to retire or will you be able.

RIC Edelman Rick Edelman RIC Financial Engines founder thirty years