In this episode, Eric Brotman discusses how to make better money decisions and why it is so important to ignore the financial media’s “advice” with radio show host and financial advisor Kate Stalter.
In this episode:
- The financial media is a product they are selling, not a public service.
- Advice from the media is one-size-fits-all, not personalized to you.
- Financial education is not taught in schools but is taught by advisors.
- When is comprehensive planning not for you?
- It is your job to follow your financial plan.
- Financial plans are living documents, not one and done.
- The dangers of DIY financial planning.
Guest Bio
Kate Stalter founded Better Money Decisions after a successful career tracking the stock market for respected industry publications including Investor’s Business Daily, TheStreet.com, US News & World Report and Forbes. She hosted the radio show “Small Cap Roundup,” heard on stations throughout the country.
Kate is a nationally-known expert on several advanced investing topics that affect our clients’ portfolios. These include:
• Long-and short-term effects of equity-market price-and-volume movements
• Institutional trading and its effect on investor portfolios
• Equity-allocation strategies incorporating global asset classes and all market capitalizations
• Corporate earnings and their impact on benchmark indexes
• The role of sustainable and socially responsible funds in investor portfolios
• Quantified risk levels and internal expense ratios of mutual funds and exchange-traded funds
Kate knows well how the financial media encourage all kinds of bad behavior—like trying to predict market direction or gambling on what the Federal Reserve might do. Sadly, the odds are stacked against the person just trying to make good financial decisions for the short and long-term. Although she still contributes to Forbes, US News & World Report and other national publications, Kate’s primary job is helping clients around the country who face decisions about portfolio allocation, Social Security strategies, insurance needs, estate planning, college funding and other complex financial challenges.
A graduate of Saint Mary’s College in Notre Dame, Indiana, Kate spends fall Saturdays watching the Fighting Irish on the gridiron. Her MBA alma mater is Northwestern, so she also likes to see the Wildcats win, unless they are playing Notre Dame! She has a houseful of rescued animals, and is trying to get her 5K speed just a tiny bit faster.
