Be An Advocate For Your Wallet

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Brian and Bo share tips for saving money every month with a couple of phone calls. They stress being an advocate for your wallet by constantly looking for the best deals. This week we cover reducing your utility bills and explore resources online that allow you to compare the best prices for the services that you spend money on every month.

Brian covers refinance and using services like www.zillow.com to search for the best rates available.  The guys also talk about comparing utility service providers around you with www.whitefence.com.  Brian shares his experience switching his home phone service to an online voice-over IP phone service through www.ooma.com.  There are a ton of ways to cut the expenses that you probably have on auto-pay with a few calls and a little research, which could save you up to a couple hundred dollars per month.   The money you save, if invested properly, could grow over the years and increase your retirement savings.

Has Warren Buffett Lost His Golden Touch?

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In this week’s show Brian and Bo analyze Warren Buffett’s annual Letter to Shareholders. It does not matter the market the conditions, he always has a simplistic view and understanding of investing and can relay that information in layman’s terms. Basically, Buffett has still got it. Brian and Bo spend the podcast looking into the highlights and giving you their thoughts on Warren’s words. Many of the things that are addressed in the letter are processes that we have always practiced and shared with you guys. Here are the key takeaways:

  • Keep it simple.
  • Have a plan and stick with it.
  • Do not let outside sources effect your game plan (See Above).
  • Stay away from investments you do not understand.
  • Remember your goals.

Warren went on to touch on a few of his ventures and why he still feels there is value outside of a portfolio of index funds. Being investment guys we threw this in as well:

  • Insurance – He touches on Geico’s Float amount and how it effects their balance sheet.
  • Regulated Capital – Why he feels Utilities and Freight work for him.
  • Manufacturing Service and Retail Outfits – Warren touches this topic but keeps things pretty generic do to competition.
  • Finance and Financial Products – He keeps this section short and, rightfully so because, he states it is their smallest sector.
  • Investments – He touches some of the investments that he has made and why they have been successful.

The guys had a great time recording this podcast even though Brian felt that he was reading too much. We find ourselves looking forward to Warren’s letter every year and hope that you continue to look forward to hearing from us every two weeks.

Active vs. Passive Investing: Which Works?

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In this episode Brian and Bo dig into the active vs passive argument. It seems like there is a constant battle among investors and advisors about their stance on active and passive management. Brian and Bo share their opinions and give a behind the scenes look of their investment philosophy.

It is no secret that the U.S. equities market “knocked the ball out of the park” in 2013. That is not to imply that it is time to dump all of your money back into the market. This week we are hopefully going to put this argument to rest (for now). While you are listening to this episode it is important to remember that, “there is more ways than one way to skin a cat.” The guys base the show around an article from Morningstar, Where It Pays to Be an Active Fund-Picker, by: Lee Davidson.

Investopedia defines Active, Passive, and Index Investing as follows:

- Active: An investment strategy involving ongoing buying and selling actions by the investor. Active investors purchase investments and continuously monitor their activity in order to exploit profitable conditions.

- Passive: An investment strategy involving limited ongoing buying and selling actions. Passive investors will purchase investments with the intention of long-term appreciation and limited maintenance.

- Index: A form of passive investing that aims to generate the same rate of return as an underlying market index. Investors that use index investing seek to replicate the performance of a specific index – generally an equity or fixed-income index – by investing in an investment vehicle such as index funds or exchange-traded funds that closely track the performance of these indexes.

Brian and Bo use this podcast to explain their thoughts on the different investing styles as well as when and where to put each of them to use. This week’s show is a great place to start when designing your portfolio and gives you a “peak-behind- the-curtain” at the guy’s view on the investment selection process.

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