{"id":1116,"date":"2022-12-09T19:57:03","date_gmt":"2022-12-09T19:57:03","guid":{"rendered":"http:\/\/24272b9b57.nxcli.io\/?page_id=1116"},"modified":"2025-09-03T19:05:30","modified_gmt":"2025-09-03T19:05:30","slug":"podcasts-blogs","status":"publish","type":"page","link":"https:\/\/www.2025mcmwebsite.com\/index.php\/podcasts-blogs\/","title":{"rendered":"Podcasts"},"content":{"rendered":"\t\t
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\n \"Giving <\/div>\n <\/div>\n <\/div>\n <\/div>\n\n
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\n Current Podcast <\/div>\n \n

\n \n Giving Financial Gifts to Adult Children <\/span>\n <\/h3>\n \n
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In this podcast episode, Kirk Loury of MCM Wealth discusses the complexities of giving financial gifts to adult children. The episode begins by contrasting the economic realities of the post-World War II generation with those of millennials and Gen Z, noting that factors like high housing costs and student debt make it more challenging for younger generations to build wealth. This context highlights the more common need now for parents to provide financial assistance to their adult children. You will learn about the importance of a \"hand up\" rather than a \"handout.\" The podcast stresses that clear communication and a well-defined plan are crucial for ensuring these gifts strengthen family relationships and encourage financial independence, all the while protecting the parents' own retirement security.<\/span><\/p> <\/div>\n \n

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\n Podcast #32 <\/div>\n \n

\n \n Making Advisor Meetings Productive <\/span>\n <\/h3>\n \n
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This podcast, \"Making Advisor Meetings Productive,\" highlights the crucial importance of treating advisor meetings like doctor's appointments due to their significant financial implications. Key advice includes involving all relevant family members, preparing thoroughly with questions, and not hesitating to ask for clarifications on complex terms.<\/p>

The episode also covers the necessity of transparent fee discussions, scheduling meetings for major life events, and leveraging technology like document vaults and AI tools for better preparation. Emphasis is placed on clear action items, accountability, and providing constructive feedback to foster a strong, collaborative advisor-client relationship, ultimately leading to long-term financial success.<\/p> <\/div>\n \n

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\n Podcast #31 <\/div>\n \n

\n \n Avoiding Financial Mistakes <\/span>\n <\/h3>\n \n
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Kirk Loury, MCM Wealth's portfolio and wealth strategist, explores common financial missteps, emphasizing why these errors should not be overlooked and how individuals can learn from them. The conversation covers practical strategies for analyzing past mistakes, rebuilding financial confidence, and developing a realistic recovery plan.<\/p>

The episode also highlights the crucial roles of disciplined budgeting, personal accountability, and the value of professional financial advice in securing one's financial future. The aim is to equip listeners, including families, business owners, and health professionals, with actionable insights to protect their finances and make more informed decisions.<\/p> <\/div>\n \n

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\n Podcast #30 <\/div>\n \n

\n \n Behavioral Investing and Financial Decisions <\/span>\n <\/h3>\n \n
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Kirk Loury describes how psychological biases impact investing. Key biases discussed include loss aversion, confirmation bias, overconfidence, herd mentality (FOMO), recency bias, anchoring, and framing effects. The podcast highlights that understanding these biases is a learnable skill, recommending strategies like seeking advice from financial advisors, discussing decisions with trusted individuals, and utilizing AI tools for balanced perspectives. By actively working to identify and counteract these behavioral tendencies, investors can make more rational and, ultimately, more successful financial decisions.<\/p> <\/div>\n \n

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\n Podcast #29 <\/div>\n \n

\n \n Understanding Investment Risk <\/span>\n <\/h3>\n \n
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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.<\/p>

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).<\/p> <\/div>\n \n

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\n Podcast #28 <\/div>\n \n

\n \n Designing Portfolios Using a Core & Satellites <\/span>\n <\/h3>\n \n
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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.<\/p>

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,\u00a0 sectors, and\/or passions. Last, the core-satellite structure is mapped to a portfolio's three main time horizons.<\/p> <\/div>\n \n

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\n Podcast #27 <\/div>\n \n

\n \n Don't Let Your Wealth Leak Away <\/span>\n <\/h3>\n \n
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This podcast episode focuses on identifying and understanding wealth leakages like taxes, investment fees, overspending, unprotected risks, and an undiversified portfolio.<\/p>

Kirk Loury defines how these leakages are noting often hidden and slowly drain wealth that's needed for long-term viability,<\/p>

He emphasizes the importance of understanding these leakages and taking steps to minimize them.<\/p>

Other topics include:<\/p>