Adam Chapman

Legalized Theft = Disrupt the market + The poor panic + The rich buy it all—on sale.

Just remember, narcissists never admit when they are wrong.

There are some, but they are more expensive, and there are studies that have shown diverting money away from dirty companies actually makes them worse.

What I have clients do instead, donate the different in cost of regular fund for the ESG to a local charity that supports green initiatives.

When you jump back in, go with a globally diversified index instead of the S&P.

It will save you from ever doing this again. ;)

Honest question then for you: if you don't want them doing it, why are you?

Not to mention, with an annuity in place, if it covers your baseline retirement needs, you don't need to worry or react as much anyway.

And let’s say you bought the S&P 500 instead of the globally diversified portfolio I’ve already suggested.

For anyone who bought, holds it, and waits for recovery has lost nothing.

You don’t lose unless you sell.

But selling early and buying back in late cost actual return. That’s the point.

Cash on hand mean you missed part of the upswing leading up the current drop.

That’s not a gain in your favour.

Again, your logic is flawed.

I’m not saying that all.

I’m saying humans are horrible at investigating.

Timing the market, picking stocks, have a terribly negative effect on your returns.

Instead, a globally diversified passive equity portfolio will do everything you need without needing to guess and guess wrong.

Everyone said the same thing about Covid, the financial crisis, the dot com bubble, and on and on it goes.

None of it matter for those who stayed invested and did so passively.

Your logic is flawed.

That’s the point.

There’s no need to do what you’re doing and the nearly four decades of evidence demonstrates you’re the one harming yourself.

You think you’re being effective, and yet you’re costing yourself money long term.

And you’ll miss the upswing like everyone who does the same continues to do.

Those who ride out miss nothing.

It’s the whole point of passive investing for the long term. You don’t need to predict and risk being wrong. Because you, indeed, are wrong, and you just don’t know it.

When saving is the goal, the obstacle between you and saving money is you.

When it's finally time to spend money, the obstacle is still you.

Financial adviser or life coach? The growing hunger for advice on retirement’s ‘softer side’ More retirees are expecting financial advisers to help them navigate the emotional side of retirement

Retirement is a whole new stage of life—one the path to retirement doesn't prepare us for.

I'm so pleased Meera Ramen took the time explore the kind of planning available beyond traditional portfolio management.

Thanks to @theglobeandmail.com for sharing.

www.theglobeandmail.com/investing/pe...

Love this!

Such a great conversation, Robb!

Situations like this make me want to scream.

Most advisors don’t have a clue how to produce retirement income.

It’s why I had to give props to this guy for not trying, even though he could have chosen a better response.

PS – If your advisor hesitates when you mention ‘using your retirement assets,’ it might be time for a second opinion.

Retirement isn’t just math—it’s emotion. A great advisor will discuss the fear of outliving your money, the guilt of spending hard-earned savings, and help you spend more while you still can.

Not all advisors deliver the same kind of advice. Ensure yours specializes in your phase of life.

If they can also talk you through the latest developments in retirement income research, you can hit them with a follow-up question.

“How will you address the psychological challenges of spending my savings?”

“What’s your experience with decumulation strategies?”

A strong answer should include the limitations of the "4% rule," why dividends aren't a strategy, and the behavioural pitfalls of systems like Guyton Guardrails.

Retirement income planning demands distinct strategies–tax efficiency and withdrawal sequencing while managing the risks of longevity and brevity.

Missteps here can cost you the retired life you promised yourself.

If you’re nearing retirement, ask your advisor:

I have to admit—I respect this advisor's self-awareness.

He didn’t pretend to know what he doesn’t.

I've seen this situation many times before.

Advisors who focus on growing wealth often lack the expertise to convert it into income.

It’s like expecting a family physician to become a brain surgeon overnight: both are doctors, but only one has the specialized skills for the task.

I once spoke with a retiree with $2M in savings. When she asked her advisor, ‘How do I start drawing income in retirement?’ he replied, ‘Why would you take money out?’

He manages her investments but has no plan for her retirement income—and worse, refused to help create one.

Life insurance is a useful estate planning tool, but purchasing a policy in retirement isn’t for everyone Clients often use life insurance to help heirs cover the capital gains tax on a family cottage or other asset after their death

Before retirees buy a big insurance policy, remember, if you're healthy enough to qualify for insurance, you're healthy enough to use the money instead of leaving more behind.

My latest collaboration with Globe Advisor.

www.theglobeandmail.com/investing/gl...

Haha I’m almost done writing it. Few more months of deep editing.

You reach a point in life when saving money isn't your problem, it's spending it.

We simply call this stage retirement.

There are many reasons retirees fail to spend.

Don't miss your chance to use your retirement savings while you're still able to do so.

You can say YES to more trips.

You can say YES to giving more to your kids now (when it actually matters)

You can say YES to living more while you still can.

Every excuse preventing you from using your money, I've already solved, behaviourally and financially.