Past performance does not guarantee future results. Everyone has heard this, but this is what it sounds like to be sold based on track record: “Have you been disappointed in your portfolio's performance? Are you new to investing and don’t know what to do? Take a look at these funds. They are our very best funds and beat all of your investments over the last few years. If you are unhappy with your plan, you should move over and invest with us. We have the best performing investments.” Today, Paul explains why it’s so frustrating to watch fund companies push their “best performers” onto advisors and investors. It comes down to understanding that these companies want you to buy high and have hidden all of their poorly performing investments from you. Later in the episode, Paul tackles the topic of Roth conversions and explains a common mistake people make when thinking about their taxes and investments. For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

“Wall Street likes to tout returns it didn’t actually produce. You need to ask some important follow up questions” Jason Zweig writes in his WSJ article ‘When Past Performance Doesn’t Even Predict Past Performance’. Today, Evan and Paul talk about what backtesting is and why Zweig is right to call it a “dirty trick that is central to Wall Street’s marketing playbook.” Later in the episode, the advisors talk about how lenders regularly send credit scores to consumers as a way to encourage people on their financial journey, but these soft credit checks are really just grooming people to borrow more money.    For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.