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When it comes to making decisions about our finances, it's not just about the numbers. In Taming the Financial Chaos we're looking at why we make the decisions we do and how those decisions affect the outcome. Matt McCoy is a registered representative of Lincoln Financial Securities Corp. Investments and advisory services offered through Lincoln Financial Securities Corporation, Member SIPC*. Insurance offered through LIncoln affiliates and other fine companies. Securities offered to residen ...
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AI Can Do a Lot...Except Determine Value.
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We're picking up where we left off in our AI discussion on episodes 4 & 9. If you haven't listened to episode 9, it leads right into what we're talking about in this podcast. If you think about it, AI is great at being task-oriented, but not so great at determining value. We've seen this play out in several examples that I've included in this podca…
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In this podcast, I'm discussing a blog post that dives into what I call competitive investing. If you find yourself comparing your investments with someone else's...this podcast and blog should resonate with you. Let's talk about why comparing your needs and wants with the goals of others will likely not give you the retirement YOU really want and …
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AI: Should You Trust Financial Decisions to Something That Can't be Held Accountable?
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Welcome to a continuing discussion about AI! We addressed AI in a previous podcast and how it relates to robo-advisors; in this episode, we're looking at the story of the Air Force drone simulation that could have potentially killed its operator*. This scenario leads us to this question: Should we entrust decisions to something that we know is not …
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Is ESG Investing Really the Solution We've Been Promised?
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Is ESG investing the right solution for the problems we’re experiencing globally? And is it possible that this “solution” can cause adverse effects? In our ESG series, we’ve covered the cost of ESG investing – now we’re looking at the potential benefits and results. We’re also looking at real-world examples of how companies are being evaluated and …
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Greenwashing, Fees, and Risks: Another Look at ESG Investing
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In our first episode on ESG Investing, we took a look at what it is and the complications that can be involved. Now we're looking at ESG investments and things to take into consideration should we choose to move forward with this type of strategy. We will have a special focus on greenwashing and the potential impact on fees that might be involved. …
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ESG Investing: Is it really what it says it is?
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ESG Investing: What is it? How effective is it REALLY? We’re putting ESG Investing under the microscope without venturing into politics – yes, that IS possible! While it might seem that ESG Investing is pretty cut and dry – they’re not polluting the planet so I should invest in them – that’s actually not the case. Currently, there are over 140 firm…
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Technology brings wonderful benefits…and some drawbacks. Today we’re looking at the tasks that machines can complete and where human reason and thought puts information into context. Artificial intelligence (AI) is all over the news today. While you might think that technology is fully automated, we’re looking at how humans still have their hand in…
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How quickly could you tell me the impact of these purchases on your finances: · A $10m mansion at the beach? · A cup of Starbucks coffee? · A home improvement or new car? People tend to freeze on that third question because we don’t know how resilient our finances are. We’re discussing how planning involves measuring, defining the problem, and find…
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How CONDITIONS Can Affect Our Financial Outcomes
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In our last podcast, we discussed how uncertainty and chance can affect our financial planning. Now, let's talk about how the conditions around our circumstances can also play a significant part. We know where we want to be when it comes to retirement...but how do we get there? Something to consider is the 6 Principles of Financial Planning outline…
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How much control do you REALLY have over your finances?
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Have you ever wondered how much of financial planning we can control...and how much is left to chance? Principles of Financial Planning Advisor Matt McCoy, CFP®, CRPC®, AWMA® digs into control as it relates to your finances, discussing one key question: Do we really HAVE control? In this podcast, we look at chance, conditions, and how experience in…
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