The podcast episode explores investment risk, emphasizing a view based on probabilities rather than just harm or danger. Key concepts discussed include market risk, unsystematic risk, inflation risk, interest rate risk, liquidity risk, and concentration risk.
Measuring risk involves understanding standard deviation (volatility) and managing downside risk. The discussion differentiates between risk tolerance (influenced by personal circumstances and time horizon) and risk capacity (financial ability to withstand losses).
The core-satellite portfolio structure uses the solar system as a visual. The core is like the sun, and the investments are like the planets, each with its own role revolving around the core.
Learn from Kirk Loury, MCM's Portfolio and Wealth Strategist how the core is the most critical component of the portfolio and carries the primary burden in executing the wealth plan's objectives. You'll also gain insights into satellites' specialty purposes for high growth, trends, sectors, and/or passions. Last, the core-satellite structure is mapped to a portfolio's three main time horizons.
This podcast episode focuses on identifying and understanding wealth leakages like taxes, investment fees, overspending, unprotected risks, and an undiversified portfolio.
Kirk Loury defines how these leakages are noting often hidden and slowly drain wealth that's needed for long-term viability,
He emphasizes the importance of understanding these leakages and taking steps to minimize them.
Other topics include:
Personalized investing is necessary to fit your needs, wants, and aspirations to your portfolio design and investment choices. A trend in personalization is "ESG" investing: "Environmental"; "Social"; "Governance".
Kirk Loury, Portfolio and Wealth Strategist at MCM Wealth shifts the analysis from the sterile ESG to passion investing.
Kirk discusses:
What does it mean to prepare our long-term care?
In this episode, Kirk Loury from MCM Wealth covers these crucial topics:
This podcast episode featuring Kirk Loury explores the crucial topic of digital legacy, focusing on how to ensure your digital assets are passed on and accessed by loved ones after your death. It covers:
What digital assets are: From sentimental items like photos to valuable cryptocurrencies, and how to preserve them.
Legal aspects: Including the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA) and its implications.
Practical steps: Like creating a living document with login credentials for your online accounts.
Estate planning: Specifically for digital assets like cryptocurrencies and NFTs.
You will conclude that is important to plan for your digital afterlife to protect both the sentimental and financial value of your online presence.
Why is getting a business valuation crucial for your company’s future? Most often, business owners overestimate the value of their company. Knowing the actual value can significantly affect their ability to retire and the lifestyle they’ll want have.
In this episode, Max Friar, Managing Partner at Calder Capital, discusses the intricacies of business valuation with David Coit, Director of Finance and Valuation at Vertess Healthcare Advisors LLC. They explain why understanding the true value of your business is essential, not just for potential sales, but for strategic planning, estate planning, and navigating partnership disputes.
David and Max emphasize how professional valuations can illuminate the strengths and weaknesses of your company and guide your decisions toward long-term growth and stability.
It takes due diligence to ensure your investments are as protected as possible.
In this episode, Bob Hoyt, President and Investment Committee Chairman at MCM Wealth, and Soren Peterson, Research Analyst, dive into the intricacies of due diligence and its critical role in constructing robust investment portfolios.
They explain what factors are considered in an investment evaluation, an investment's risk affects the portfolio's stability and potential return profile.
Have you ever wondered how your worries could actually work to your advantage?
In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines talks about transforming your worry list into a tool for financial and personal growth.
In this episode, you’ll learn the psychology behind worry, how to balance it with hope as well as how managing your worry list mitigates financial risks. lowers anxiety, and increases your ability to plan.
Are you struggling to take control of your finances?
In this episode of MCM Wealth, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines, talks about five things you can do right now to get on top of your wealth.
Learn about the B.R.E.A.D. approach – Budgeting, Role (of each investment), Educating (yourself), Advisor (connections), and Dialogue (with your loved ones).
These five steps give you actionable guidance for gaining control. When you achieve this, you get two additional and important benefits: decreased anxiety and increased ability to plan and process.
Did you know that a significant number of business owners experience a sense of guilt in retirement?
Charis Santillie, a renowned Fulfillment and Life Transition Coach, explores the journey toward finding lasting fulfillment during major life changes, particularly focusing on business owners transitioning toward retirement or a new career. Charis dives into the importance of not just navigating transitions tactically but ensuring these changes pave the way for an enriching next chapter of life. By examining the unique challenges and opportunities these transitions present, the conversation illuminates how individuals can turn these pivotal moments into their most rewarding yet.
Are you prepared to navigate the complexities of an unsolicited buyout offer?
In this episode, Brad Smith, Managing Director and Partner of VERTESS, dives deep into the intriguing world of business sales and acquisitions and covers nuanced strategies that could ensure your business fetches its utmost value when receiving buyout offers.
Brad explores how to navigate these offers, the importance of finding the right buyer, and strategies to ensure you get the best value for your business. Whether you’re a family business owner, healthcare professional, or entrepreneur, you’ll gain insights into maximizing the value of your business, amid the complexities of the market.
How can a carefully planned succession pave the way for a business owner's successful exit and a smooth business transition?
Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines talks about the importance of succession and exit planning for business owners, highlighting the objectives of each and the key differences.
Some of the topics you will learn about are: 1) defining succession planning and its significance to a business owner; 2) expanding the scope of succession planning for the seamless transition of ownership, and 3) identifying post-sale objectives.
Every business owner needs to exit their business eventually. So, what does that process look like, and how can it be carried out efficiently?
Max Friar, Managing Partner at Calder Capital, LLC, discusses the intricacies of selling a business. Max goes into the strategies of creating a market for business sales, the challenges owners face, such as overvaluation, and the importance of understanding their motives. He also outlines Calder Capital’s role in vetting potential buyers and steering transactions to a successful close, offering a glimpse into the complexities of the business selling process.
Can we accurately predict the future?
In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines talks about the importance and limitations of forecasting. He highlights the unpredictability of certain factors and the dangers of forecasters making declarative statements with unwarranted certainty.
Kirk explains why we should approach forecasts with skepticism, consider the source and methodology, and focus on probabilities for efficient decision-making. He emphasizes the importance of planning and having contingencies in place to navigate the impact forecasts can have when they’re wrong.
Can financial security lead to true prosperity?
In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines picks up where he left off in the last episode about the main thing, financial security, and expands on it to include financial prosperity.
He defines prosperity as thriving in life and being successful in various aspects, not just economically, and emphasizes that financial security allows individuals to take risks and meet their priorities. Kirk advises that in the face of financial insecurity, one should revisit their wealth plan and work with a financial advisor. He also stresses the importance of regularly reviewing and adjusting the wealth plan.
What impact does financial security have on your life, and how can you achieve it?
Well, first we need to define it.
In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines, talks about the main thing, financial security. Kirk explains what financial security means, why it’s important to wealth planning, and highlights that it’s not just about wealth, but the freedom to focus on what’s important in life. He emphasizes the role of planning and self-discipline in achieving financial security and drops a hint of what’s to come in part 2!
2023 is coming to an end and 2024 is right around the corner! How can we prepare ourselves, our financial plans and our investment portfolios for the upcoming year?
In this episode, Kirk Loury, Portfolio Strategist at MCM and Managing Member of Advisable Wealth Engines, talks about the various documents we need to review in order to prepare for
next year. He goes over what the wealth, financial and investment plans are and explains their differences and how they work together. Kirk then dives into the top 5 priorities to focus on to actually get ready for the upcoming year by staying informed and educated about our investments and finances.
Jim Casino, founder and CEO of C-Suite Advisors, talks about the process of selling a business and the importance of having realistic expectations.
He discusses the need for clean financials and why every business owner needs to assemble a strong advisory team of service providers such as investment bankers, brokers, M&A attorneys, and CPAs.
Before the actual selling process begins, there are valuable steps to contemplate that can impact both time and valuation.
Jerry Vanderzanden is an insurance fiduciary who has insurance expertise that clears the fog of product complexity to ensure a tight fit to important planning needs.
Since life insurance is a bedrock solution for estate planning, Jerry talks about the importance of updating estate plans as financial and personal circumstances change.
This is especially important for wealthy families given the tax implications of the potential sunsetting of the estate and gift tax exemption looming in January 2026 should Congress not pass an extension.
Do financial markets and daily news headlines make you anxious?
Do you think your portfolio and investments may be off-track?
It’s time to get a second opinion!
In this episode, Robert Hoyt, Ph.D., Principal and President of MCM Wealth, and Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines, discuss the role of portfolio second opinions in building financial confidence. Second opinions identify misalignments with your wealth plan, poor structure, and investments mismatched to a targeted purpose.
The rise of artificial intelligence (AI) has disrupted many industries. But what role does it play in the world of finance? Can AI revolutionize investing?
In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines, explores AI’s origins and advancement, its application in daily life, and the potential risks involved. He also offers his personal perspective on how AI might impact the financial services industry.
Direct indexing is a way to invest efficiently - using computers to select stocks or bonds - but to do so with a specific theme or purpose. These themes target a particular objective such as income, growth, low risk, medium risk, a particular industry, or an emerging trend.
In this episode, Kirk Loury, Portfolio Strategist at MCM and managing member of Advisable Wealth Engines, discusses the concept of indexing, its
advantages, and how technology allows truly personalized portfolios.
Are you tired of struggling to build a portfolio that actually works for your investment needs?
In this episode, Robert Hoyt, Ph.D., Principal and President of MCM Wealth, talks about building investment portfolios that work.
Bob describes how a successful portfolio starts by learning about a client's needs, wants, and aspirations through MCM's Discovery process. This profiling then directs the investment team to build a personalized portfolio using a time-horizon mapping structure along with sophisticated technologies to guide investment selection and allocation.
What is time horizon investing and how can you implement it when constructing your investment portfolio?
In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines defines a time-horizon-based portfolio, how the short-, mid-, and long-term horizon portfolios interact, why portfolio construction must be informed by the wealth plan, and how technology is essential for effective alignment of a wealth plan and each time-horizon portfolio.
Are you ready to learn about investment volatility and why volatility is so important to investing?
In this episode, Kirk Loury, portfolio strategist at MCM Wealth and managing member of Advisable Wealth Engines talks about investment volatility and its importance. He breaks down what volatility is, how it’s measured, and why it is beneficial if properly utilized in the portfolio.
Kirk also explains what compounding is, how it works with volatility, how investors can address bad volatility in a portfolio, and how technology measures it and assists in properly applying it.
Are you curious about the impact of passive investing on the market and the importance of active management?
In this episode, Michael Green, Portfolio Manager, and Chief Strategist at Simplify Asset Management, explains the difference between active and passive investing and talks about the potential risks of the increasingly passive investment market. He also talks about the concentration of investment choices in 401(k) plans and the benefits of active investing.
Rick Kennedy is a dental professional and MCM Wealth client. His dream of becoming a dentist since high school was inspired by a mission to make dental visits a little less painful than his own childhood experiences. Luckily, Rick’s investment journey hasn’t been as painful thanks to MCM Wealth’s guidance through the ups and downs of market volatility.
From fillings to fluctuations, Rick Kennedy’s investment journey through the foggy markets of real estate and beyond comes to light in this inaugural episode. Hear how MCM Wealth helped him weather the storm and gain peace of mind in today’s volatile market.
In this episode, Geoff Hakim and Robert Hoyt introduce themselves as MCM Wealth’s Principals and share their most significant lessons in investing. Plus, they provide an overview of their experience in the industry, and discuss MCM’s investment program and how it helps their clients.
Join the conversation as Geoff and Bob discuss:
