『Retire With Style』のカバーアート

Retire With Style

Retire With Style

著者： Wade Pfau & Alex Murguia
無料で聴く

このコンテンツについて

 The purpose of Retire With Style is to help you discover the retirement income plan that is right for you. The first step is to discover your retirement income personality. Your hosts Wade Pfau, PhD, CFA, RICP and Alex Murguia, PhD walk you through creating and implementing a retirement plan that will help you reach your goals, and that you’ll be able to stick with. Start by going to risaprofile.com/style and sign up to take the industry’s first financial personality tool for retirement planning.Copyright 2022 All rights reserved. 個人ファイナンス 経済学
エピソード
  • Episode 180: The Secret Life of Private Investments

    Episode 180: The Secret Life of Private Investments
    2025/05/27
    In this episode of Retire with Style, Wade Pfau and Alex Murguia explore the world of alternative investments, with a focus on private equity and private credit. They discuss what it means to be an accredited investor, the different types of private equity investments, and the typical life cycle and structure of private equity funds—including the roles of general and limited partners. The conversation also covers key risks, such as liquidity constraints and valuation challenges, and explains how private investments can fit into a broader retirement income strategy. Wade and Alex highlight the growing accessibility of these investments for retail investors, the rise of private credit markets, and the relationship between volatility and expected returns—underscoring the importance of understanding risk when evaluating investment decisions. Listen now to learn more! Takeaways: Private Equity Private equity involves investing in private companies rather than publicly traded stocks.The main types of private equity are venture capital, growth equity, and buyouts.These funds typically follow a seven- to eight-year life cycle and are structured with general partners (who manage the fund) and limited partners (who provide capital).Carried interest is a key component of compensation for general partners.Liquidity is a major concern—investments are often locked up for long periods.Valuing private companies is often opaque and can mislead investors.In venture capital, most returns come from a small number of successful investments.Private equity can provide diversification benefits in a broader portfolio. Private Credit Private credit focuses on lending, often to individuals or private firms, and is distinct from private equity.These investments are gaining popularity, driven by institutional demand and the search for yield.Platforms like iCapital are increasing access for individual investors.Private credit can offer higher yields than traditional fixed income but also comes with unique risks. Investment Strategy and Risk Alternative investments are growing in popularity, especially among individual investors.Risk and return must be evaluated together—volatility alone does not guarantee higher returns.Effective portfolio construction requires understanding how different asset classes interact.Investors should avoid diversifying blindly and instead understand the specific risks of each investment. Chapters 00:00 Introduction to Alternative Investments 04:25 Understanding Private Equity 10:27 Types of Private Equity Investments 18:52 The Private Equity Life Cycle 26:36 Structure and Function of Private Equity Funds 28:08 Risks and Considerations in Private Equity 29:15 The Illusion of Valuations 31:43 Democratization of Investment Access 32:12 Understanding Private Credit 35:33 The Growth of Private Credit Markets 41:03 Integrating Private Credit into Portfolios 45:17 Volatility and Expected Returns Links Curious about alternative investments but not sure where to start? Join Alex Murguia for the latest Retirement Researcher Academy Workshop: Know Before You Invest: Understanding Alternative Investments and get the clarity you need: https://retirement-researcher.ontralink.com/tl/538 Explore the New RetireWithStyle.com! We’ve launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there’s something you’ve been wondering about retirement, we want to hear it! Join Us Live on YouTube – June 2nd at 2PM ET! Want to go beyond the podcast and be part of the conversation in real time? Wade and Alex will be hosting a special Retire With Style YouTube Live session, where you can ask your retirement questions and get answers on the spot. Head over to our YouTube channel now, hit Subscribe, and click the bell to get notified when we go live. We’ll see you there! https://www.youtube.com/@retirewithstylepodcast The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean’s free eBook, “Retirement Income Planning”
    続きを読む 一部表示
    55 分
  • Episode 179: Forecasts, Futures, and Funds: Inside the Hedge Fund Playbook

    Episode 179: Forecasts, Futures, and Funds: Inside the Hedge Fund Playbook
    2025/05/20

    In this episode of Retire with Style, Wade Pfau and Alex Murguia explore the complex world of hedge funds, focusing on strategies like global macro, event-driven, and managed futures. They explain the role of derivatives, the impact of forecasting, and how these approaches can complement a broader investment portfolio, especially in the context of retirement planning.

    Takeaways

    • Derivatives are contracts whose value depends on an underlying asset.
    • Global macro strategies rely on macroeconomic trends and require strong forecasting skills.
    • Event-driven strategies aim to profit from corporate actions such as mergers and acquisitions.
    • Managed futures use trend-following techniques to trade commodities, currencies, and other assets.
    • Understanding the distinction between futures and options is essential for informed investing.
    • Hedge funds typically require accredited investor status due to their complexity and risk profile.
    • Hedge fund performance can vary widely depending on market conditions and strategy selection.
    • Managed futures often have low correlation with traditional stock and bond markets, offering diversification benefits.
    • Investors should evaluate how hedge fund strategies align with their broader investment objectives.

    Chapters

    00:00 Introduction to Hedge Funds and Market Trends 02:34 Understanding Derivatives in Investing 10:14 Exploring Global Macro Strategies 20:29 Diving into Event-Driven Strategies 30:36 Managed Futures: Trend Following Approaches 40:05 Conclusion and Future Discussions

    Links

    Explore the New RetireWithStyle.com! We’ve launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there’s something you’ve been wondering about retirement, we want to hear it!

    Join Us Live on YouTube – June 2nd at 2PM ET! Want to go beyond the podcast and be part of the conversation in real time? Wade and Alex will be hosting a special Retire With Style YouTube Live session, where you can ask your retirement questions and get answers on the spot.

    Head over to our YouTube channel now, hit Subscribe, and click the bell to get notified when we go live. We’ll see you there! https://www.youtube.com/@retirewithstylepodcast

    The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/

    This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips
    続きを読む 一部表示
    45 分
  • Episode 178: Hedging Your Bets in Retirement: What You Should Know

    Episode 178: Hedging Your Bets in Retirement: What You Should Know
    2025/05/13

    In this episode, Wade and Alex explore the world of hedge funds—what they are, how they’re structured, and how they’ve evolved from simple hedging tools into complex investment vehicles. They break down common fee models, challenges in measuring performance, and the impact of data biases. The conversation also covers key hedge fund strategies—including long-short, market neutral, arbitrage, and quantitative approaches—highlighting their mechanics, risk profiles, and what they mean for investors, particularly those nearing retirement. Listen now to learn more!

    Takeaways

    • Hedge funds are actively managed investment vehicles with fewer regulatory constraints.
    • They aim for absolute returns, regardless of market direction.
    • The traditional fee model is “2 and 20”—2% management fee and 20% of profits.
    • Fees are declining due to growing competition and investor scrutiny.
    • Performance is difficult to assess due to survivorship bias and data limitations.
    • Investors should be cautious of marketing claims and understand the fund’s true strategy.
    • Long-short strategies bet on both rising and falling stocks.
    • Market neutral strategies attempt to remove market exposure to focus on relative performance.
    • Arbitrage seeks to profit from temporary price inefficiencies.
    • Quantitative strategies rely on data-driven models to guide trades.
    • Risk premium harvesting involves tilting toward factors like value or momentum.
    • Short selling helps with price discovery but carries risk due to unlimited loss potential.
    • Understanding alpha (excess return) and beta (market exposure) is key to evaluating hedge fund performance.
    • Technology is central to many modern trading strategies.
    • Informed investors are better positioned to navigate complex alternatives like hedge funds.

    Chapters

    00:00 Introduction to Hedge Funds 02:12 Understanding Hedge Funds 05:30 Fee Structures and Costs 10:00 Performance and Survivorship Bias 16:08 Hedge Fund Strategies Overview 22:43 Long-Short and Market Neutral Strategies 23:40 Understanding Long-Short Strategies 30:10 Exploring Market Neutral Strategies 38:11 Diving into Arbitrage and Quantitative Strategies

    Links

    Join Us Live on YouTube – June 2nd at 2PM ET! Want to go beyond the podcast and be part of the conversation in real time? Wade and Alex will be hosting a special Retire With Style YouTube Live session, where you can ask your retirement questions and get answers on the spot.

    Head over to our YouTube channel now, hit Subscribe, and click the bell to get notified when we go live. We’ll see you there! https://www.youtube.com/@retirewithstylepodcast

    The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/

    This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean’s free eBook, “Retirement Income Planning”
    続きを読む 一部表示
    57 分

Retire With Styleに寄せられたリスナーの声

カスタマーレビュー：以下のタブを選択することで、他のサイトのレビューをご覧になれます。

Audible.co.jp

Amazon.co.jp
レビューはまだありません。