The Real Investment Show (Full Show)
The Real Investment Show is a daily podcast featuring full, unedited audio from the program. Host Lance Roberts discusses investment strategies, market analysis, and economic trends. The show provides in-depth commentary on financial markets and portfolio management. Each episode delivers the complete broadcast for listeners who want the whole discussion.
Episodes
10-14-26 Q-A Wednesday - Real Answer Real Advisors
What do the latest economic developments, stock market trends, Federal Reserve policy, and geopolitical events mean for your investments and retirement plans?
Join Lance Roberts and Danny Ratliff for Q&A Wednesday as we examine the past week's financial headlines, market volatility, interest rates, Treasury yields, and investment opportunities.
0:00 - INTRO
0:56 - CPI Day & Financials
3:23 - Ro
10-13-26 Is Gen Z Gambling Away Its Future ? ( Are Bonds a Safe Bet?)
Is Gen Z gambling away its financial future? And with 10-year Treasury yields near 5%, are bonds finally offering investors a safer bet?
Lance Roberts & Jon Penn examine two very different approaches to financial risk: the growing popularity of sports betting, online gambling, and speculative trading among younger Americans, and the potential investment opportunities emerging in the U.S. Treasury
10-12-26 Depopulation - What Happens When the Population Shrinks - The Bill King Interview
What happens to the economy when population growth slows—or goes into reverse?
Lance Roberts & Bill King explore the demographic forces reshaping the United States and the world, from falling birth rates and China’s One Child Policy to immigration, aging populations, Social Security, housing, inflation, and the future of work.
We examine what depopulation really means for economic growth and ret
10-9-26 How to Keep Your Estate Plan From Tearing Your Family Apart
Estate planning is about more than deciding who gets what. Poor planning, unequal circumstances among children, prior financial assistance, caregiver responsibilities, and mismatched inherited assets can create family conflicts that last for years.
Richard Rosso and Jonathan McCarty discuss how to have the important conversations before an estate plan is finalized, including treating siblings dif
10-8-26 Is the Term Premium Misleading the Fed?
Is the Federal Reserve relying on a metric that cannot be reliably measured?
Dallas Fed President Lorie Logan recently discussed the role of the Treasury term premium in determining whether rising long-term interest rates are doing some of the Fed’s work for it.
Lance Roberts & Michael Lebowitz examine what the term premium actually represents, why different models disagree, and whether policy
10-7-26 Q&A Wednesday - Can the Rally Keep Going
Markets are pushing to record highs, but investors have plenty to question. Can the rally keep going as Treasury yields remain elevated, the labor market cools, AI enthusiasm drives Technology stocks, and geopolitical tensions continue to influence oil and inflation?
Lance Roberts and Danny Ratliff answer your questions from the YouTube live chat and examine the economic, geopolitical, and invest
10-6-26 Sequence of Returns Risk - The Math That Breaks Retirement
You can earn a solid average return in retirement and still run out of money. The reason may be sequence of returns risk — the danger of suffering significant market losses early in retirement, while simultaneously withdrawing money from your portfolio.
Lance Roberts & Jon Penn explain why the order of investment returns matters so much once you transition from saving to spending, and examine the
10-5-26 Q4 Market Outlook - Will Strong Markets Finish Strong?
Can a strong year for stocks carry its momentum through the fourth quarter? History provides an interesting backdrop for the Q4 market outlook.
Lance Roberts examines the forces that could shape markets through year-end, including rising earnings estimates, corporate buybacks, investor sentiment, liquidity, interest rates, and the continuing dominance of Technology. We’ll also look at the other
10-2-26 Funeral Planning - Make the Decisions Before Your Family Has To
Funeral planning may not be anyone’s favorite financial-planning conversation, but making decisions now can save your family money, confusion, and difficult choices later.
Richard Rosso and Jonathan McCarty take a surprisingly entertaining look at the financial side of planning your own funeral, from traditional burial and cremation to cemeteries, niches, pet burials, aquamation, becoming a tree,
10-1-26 From TINA to TIGA - Diversification Pays Again
For years, investors lived by TINA: “There Is No Alternative” to stocks. With interest rates near zero and bond yields offering little income, equities dominated the investment landscape. But that math has changed.
Today, Treasury yields are above 5%, investment-grade corporate bonds offer competitive income, and real yields have climbed to levels not seen in nearly two decades. Meanwhile, stock
9-30-26 Q&A Wednesday - What's Holding Up the Market?
The major indexes remain near record territory, but beneath the surface, the picture is considerably more complicated. Technology continues to provide important support while market breadth has weakened, Treasury yields remain elevated, and small- and mid-cap stocks have faced greater pressure.
Meanwhile, investors are weighing the Federal Reserve’s latest rate hike, higher bond yields, oil price
9-29-26 Stop Trying to Beat the Market
Can even the wealthiest investors consistently beat the market? Recent data comparing the Forbes 400 with the S&P 500 raises an important question about investment performance, indexing, and the pursuit of market-beating returns.
Lance Roberts & Jonathan Penn examine why Americans across generations remain uncertain about their future financial needs, and what that says about the importance of pl
9-28-26 Can the S&P 500 Really Reach 9,000?
Can the S&P 500 really reach 9,000? Jefferies has set a 9,000 target for the index by the end of 2027, but getting there may require nearly everything to go right.
Lance Roberts examines the assumptions behind that forecast, including earnings growth, historically high profit margins, AI-driven capital spending, market valuations, and interest rates. With earnings estimates moving higher instead
9-24 26 Will the Next Trade Be Bonds
With interest rates, inflation, oil prices, Treasury yields, and stock market valuations all competing for investors’ attention, what should you be watching now?
As the S&P 500 approaches record territory, can markets sustain a breakout, or are new risks beginning to emerge?
Lance Roberts and Danny Ratliff answer your questions from the YouTube live chat, and break down the economic, investing,
9-23-26 Q&A Wednesday - Rates, Risks, & Record Highs
With interest rates, inflation, oil prices, Treasury yields, and stock market valuations all competing for investors’ attention, what should you be watching now?
As the S&P 500 approaches record territory, can markets sustain a breakout, or are new risks beginning to emerge?
Lance Roberts and Danny Ratliff answer your questions from the YouTube live chat, and break down the economic, investing,
9-22-26 Can Your Kids Afford to Invest Without You
Can younger investors really afford to invest on their own? For many, financial help from their parents may be making the difference.
Lance Roberts and Jonathan Penn discuss the growing financial support parents provide adult children and what it can mean for both generations. Helping with housing, bills, and everyday expenses may give younger adults more room to save and invest, but what does th
9-21-26 What Happens When Earnings Estimates Fall Short
Earnings expectations can drive stock prices higher, but what happens when corporate profits fail to meet those expectations?
Lance Roberts examines earnings mean reversion, why Wall Street estimates can become overly optimistic, and what falling short of projected earnings could mean for stock valuations and market returns; what is the relationship between earnings growth and economic growth, ho
9-18-26 Will Your Money Last as Long as You Do
Living longer changes almost every assumption behind traditional retirement planning. As more Americans reach retirement age and potentially spend decades in retirement, planning must extend well beyond simply building a large enough portfolio.
Richard Rosso and Jonathan "Smarty" McCarty examine the financial realities of longevity, including the fear of running out of money, identifying reliable
9-17-26 What the Fed Said
The Federal Reserve raised interest rates for the first time in three years, but for investors, the bigger question is what comes next.
Lance Roberts and Michael Lebowitz break down what the Fed said, what Chairman Kevin Warsh signaled about inflation and future monetary policy, and why the Fed's updated rate projections matter for markets. With most policymakers anticipating another rate increas
9-16-26 Q&A Wednesday - What Will The Fed Do
It’s Fed Day, and markets are waiting for answers.
It's also Q&A Wednesday, and Lance Roberts takes your questions from our YouTube Live Chat window. He'll break down the biggest economic, investing, and market developments of the past week, including the Federal Reserve’s September FOMC meeting, interest rates, inflation, rising Treasury yields, oil prices, AI spending concerns, and the recent p
9-15-26 10 Money Moves to Make Before Year End
The end of the year will be here before you know it. What financial moves should you make now instead of waiting until December?
Lance Roberts and Jon Penn look at 10 important year-end financial planning decisions to consider before December 31, including tax planning, Roth conversions, required minimum distributions (RMDs), qualified charitable distributions (QCDs), retirement plan contribution
9-14-26 Is This Time Different for Stocks
Stock prices and corporate earnings are breaking trends that have held for roughly 90 years. Does artificial intelligence represent a fundamental change in the economy and markets, or are investors once again being tempted by the four most dangerous words in investing: “this time is different”?
Lance Roberts examines whether AI has truly changed the earnings equation, what today's valuations sugg
9-11-26 Can the FIRE Movement Really Work
The Financial Independence, Retire Early movement promises something many people want: save aggressively, live below your means, build wealth, and gain the freedom to leave work early. But does the FIRE movement really work when retirement could last 40, 50, or even 60 years?
Richard Rosso & Jonathan McCarty examine the different approaches to FIRE, including Fat FIRE, Lean FIRE, Barista FIRE, an
9-10-26 What Will Inflation Data Do for the Fed
With CPI and PPI inflation reports in focus, markets are looking for clues about the Fed’s next move on interest rates. Will cooler inflation give policymakers more room to cut rates, or could hotter data force the Fed to remain cautious?
Lance Roberts & Michael Lebowitz examine what the latest inflation numbers could mean for Fed policy, interest rates, Treasury yields, and financial markets, as
9-9-26 Q&A Wednesday - What Should Investors Do Now
Markets are entering a critical stretch as investors confront rising oil prices, renewed inflation concerns, higher Treasury yields, shifting expectations for Federal Reserve policy, and continued uncertainty over the direction of stocks.
Lance Roberts & Danny Ratliff take your questions live and examine what the latest economic and market developments could mean for your money.
0:00 INTRO
1:01
9-8-26 What Higher Bond Yields Mean for Your Portfolio
Why are bond yields moving higher, and what could that mean for investors?
Rising Treasury yields can influence borrowing costs, economic growth, stock valuations, and bond prices. Lance Roberts & Jon Penn break down what may be driving yields higher, what the bond market could be signaling, and how changing interest rates can work their way through the economy and financial markets.
For investo
9-7-26 Is CPI Getting It Wrong - The Oliver Rust Interview
Is the Consumer Price Index accurately measuring the inflation Americans actually experience?
Lance Roberts talks with Oliver Rust of Truflation about how real-time inflation data can differ from traditional CPI measurements. They examine housing and rent concessions, regional price differences, consumer substitution, the K-shaped economy, housing affordability, and the continuing resilience of c
9-4-26 Don’t Be a Retirement Castaway
Retirement planning is about more than building a portfolio. It’s also about deciding what comes next.
Richard Rosso & Jonathan McCarty explore the retirement crossroads: making the transition from work to retirement, finding purpose after a career, setting new goals, applying your skills in new ways, and overcoming the reluctance many retirees have to spend the money they’ve accumulated.
We als
9-3-26 Is the Stock Market Expensive or Cheap?
Is the stock market dangerously expensive, or are investors overlooking strong future earnings growth?
The S&P 500’s Shiller CAPE ratio has reached 41, yet the PEG ratio, which incorporates expected earnings growth, is signaling one of the cheapest market valuations in decades.
Michael Lebowitz and Lance Roberts examine why these two popular valuation measures are sending completely opposite sig
9-2-26 Q&A Wednesday - What Are Markets Waiting For
September is starting with a new set of challenges for investors: rising Treasury yields, higher oil prices, persistent inflation, renewed geopolitical tensions, and growing questions about whether the Federal Reserve may have to raise rates again.
Add historically weak September seasonality and the uncertainty surrounding the midterm elections, and investors have plenty to think about.
Lance Ro
9-1-26 What Should You Expect From a Financial Planner
What should a good financial planner actually do for you? It should go far beyond choosing investments or building a retirement portfolio.
A strong financial planning relationship should provide organization, accountability, objectivity, education, and proactive guidance while coordinating investments, taxes, Social Security, Medicare, insurance, estate planning, and retirement income. Just as im
8-31-26 Druckenmiller’s Bond Market Warning
Stanley Druckenmiller is warning Washington about the bond market, but the real message may not be an impending debt crisis. The bond market may have already delivered its verdict.
Lance Roberts examines Druckenmiller’s criticism of Treasury intervention, Scott Bessent’s expanded long-term Treasury buybacks, and why attempts to manage yields could create a bigger problem than the initial interven
8-28-26 Will Your IRA Go to the Right People
Who inherits your IRA could matter just as much as what’s in it.
The SECURE Act changed the rules for inherited retirement accounts, while newer IRS regulations created additional planning opportunities for trusts and multiple beneficiaries.
Richard Rosso & Jonathan McCarty break down IRA beneficiary designations, the 10-year distribution rule, trusts as retirement account beneficiaries, and why
8-27-26 Nvidia Says the AI Boom Is Just Getting Started
Nvidia delivered another blockbuster quarter, reporting record revenue of $96.2 billion, up 106% from a year ago, as demand for AI infrastructure continues to accelerate.
But the bigger story may be what comes next.
Lance Roberts & Michael Lebowitz break down Nvidia’s latest earnings, its extraordinary growth outlook, Blackwell and Vera Rubin demand, the massive buildout in AI infrastructure, an
8-26-26 Q&A Wednesday - The Biggest Risk to Markets Now
Markets are facing a growing list of risks as investors head into the final stretch of summer. Stocks are working through a slow-moving correction, Treasury yields remain elevated, technology leadership is being tested, and the Federal Reserve faces renewed questions about inflation and interest rates.
Which risks actually matter for your portfolio, and which are mostly market noise?
Lance Rober
8-25-26 Are Today’s Interest Rates Really That High
Interest rates are rising, long-term bond prices have pulled back, and investors are once again worried that higher Treasury yields could threaten the economy and markets.
But what if today’s rates aren’t historically high at all?
After more than a decade of near-zero rates and easy monetary policy, investors may have become accustomed to an environment that was anything but normal.
Lance Rober
8-24-26 Is the Basis Trade Distorting Bond Yields
Are Treasury yields still sending investors a reliable signal about inflation, growth, and Federal Reserve policy, or is the massive basis trade distorting the message?
Lance Roberts explains how the basis trade works, why it matters for Treasury yields, and whether investors can still trust the bond market as an economic and market signal.
0:00 INTRO
1:02 - Kevin Warsh + Nvidia Report = Volatil
8-21-26 The Best Retirement Head Start for Your Kids
Giving your kids a financial head start may be one of the most valuable lessons you can teach them. Richard Rosso & Jonathan McCarty explain how a Custodial Roth IRA can help children with earned income start building tax-free retirement wealth early, while learning the importance of saving, investing, and paying themselves first.
We also discuss Roth IRA withdrawal rules, the potential transitio
8-20-26 Is Treasury Bailing Out the Bond Market
Is the Treasury stepping in to rescue the bond market, or is that the wrong way to interpret its purchases of long-term Treasuries?
Lance Roberts and Michael Lebowitz examine why Treasury purchases are not necessarily the same as Federal Reserve quantitative easing, how issuing Treasury debt to fund an asset swap differs from creating new money, and what this could mean for bond yields, inflation
8-19-26 Q&A Wednesday - Are Rising Rates a Market Warning
More investors are turning to TikTok, YouTube, and other social-media platforms for financial advice. But how do you separate useful financial education from bad advice, speculation, and outright scams?
Lance Roberts and Jonathan Penn discuss how to evaluate financial advice online, the warning signs investors should watch for, and why popularity, followers, and flashy lifestyles aren't substitut
8-18-26 Can You Trust Financial Advice on Social Media
More investors are turning to TikTok, YouTube, and other social-media platforms for financial advice. But how do you separate useful financial education from bad advice, speculation, and outright scams?
Lance Roberts and Jonathan Penn discuss how to evaluate financial advice online, the warning signs investors should watch for, and why popularity, followers, and flashy lifestyles aren't substitut
8-17-26 Record Highs - Should You Chase the Rally
Stocks are back near record highs, the trend remains bullish, and market breadth is strong. But after a powerful run, the S&P 500 is stretched well above its major moving averages, while investor sentiment and money flows have reached extreme levels.
Lance Roberts reviews Yen Intervention Narrative amd examines what is driving the rally, why retail investors are piling back into previously beaten
8-14-26 The Retirement Magic Number Trap
How much money do you really need to retire?
Headlines touting a retirement “magic number” may do more harm than good, especially when an intimidating savings target becomes an excuse to give up.
Richard Rosso & Jonathan McCarty explain why successful retirement planning isn't about reaching one arbitrary number. It's about building sustainable income around your actual spending, lifestyle, Soci
8-13-26 Does the Inflation Report Give the Fed More Time?
The latest inflation report came in largely as expected, giving the Federal Reserve something increasingly valuable: more time.
Inflation was neither soft enough to eliminate concerns about price pressures nor hot enough to force the Fed's hand. That leaves investors asking what comes next for interest rates, the economy, and markets.
Lance Roberts examines what the latest inflation data means f
8-12-26 Q&A Wednesday - Is Inflation Back in Control?
Fresh inflation data later this morning puts the Federal Reserve and the economy back in focus:
Can inflation continue to cool despite higher energy prices?
Is the weakening labor market increasing pressure on the Fed to cut rates?
And with markets near record highs, should investors remain bullish, rebalance portfolios, or prepare for more volatility?
Lance Roberts and Danny Ratliff answer
8-11-26 What Really Drives Markets
What really drives bull and bear markets? Lance Roberts & Jon Penn examine why corporate earnings remain one of the most important forces behind market performance. Rising profits can support bull markets, while significant earnings declines have historically accompanied the most severe bear markets.
We also examine calls for “sound money” and a return to the gold standard. While concerns over de
8-10-26 Internet Scams You Need to Know - The Ari Schwartz Interview
Internet scams are evolving faster than ever, with artificial intelligence making phishing emails, fake phone calls, and fraudulent videos more convincing than traditional scams. Jon Penn and Venable Cybersecurity Services Managing Director, Avi Schwartz explain the most common online scams targeting consumers, investors, retirees, and businesses, along with practical steps you can take to protect
8-7-26 Aging in Place - What to Consider
8-7-26 Aging in Place - What to Consider
More Americans want to age in place, but is staying in your home the best financial and lifestyle decision?
Richard Rosso & Jonathan McCarty explore the real costs, benefits, and planning strategies behind one of retirement's biggest decisions.
We discuss how neighborhoods, community connections, and changing retirement goals influence aging in place, wh
8-6-26 Hidden AI Debt - Is the Risk Overblown
Has Wall Street been looking at hyperscaler debt all wrong?
Lance Roberts & Michael Lebowitz examine claims that the "hidden debt" of AI hyperscalers has surged to $1.65 trillion through off-balance-sheet obligations, including long-term leases and infrastructure commitments. But does that mean the AI investment thesis is breaking down?
We'll separate the headlines from the fundamentals by compa
8-5-26 Q&A Wednesday - Market Questions Answered
It's Q&A Wednesday, and we're answering your live chat questions on today's biggest investing, market, and economic topics.
With the S&P 500 near record highs after weeks of consolidation, investors are asking what comes next.
Is this breakout sustainable, or are markets setting up for another bout of volatility?
Lance Roberts & Danny Ratliff discuss market leadership, interest rates, inflatio
8-4-26 The 60-40 Portfolio Is Not Dead
Is the classic 60/40 portfolio really obsolete, or are investors making a costly mistake by abandoning bonds?
Lance Roberts & Jon Penn examine why fixed income still plays a critical role in portfolio construction, risk management, and long-term wealth preservation.
We'll discuss why bonds remain valuable despite recent volatility, how they can improve diversification, and why chasing all-equity
8-3-26 The Momentum Crash - Is It Over?
Momentum stocks have suffered one of the sharpest reversals in years, leaving investors wondering whether the worst is behind us or if another leg lower is still ahead.
Lance Roberts looks at what caused the momentum crash, why crowded trades can unwind so quickly, and whether the recent rebound is signaling a durable recovery or simply a temporary relief rally. We'll also discuss what history su
7-31-26 Mid-Year Financial Checklist
Are you on track financially, or is it time for a mid-year course correction? In this episode, we walk through a comprehensive mid-year financial checklist designed to help investors and retirees prepare for the second half of the year.
We'll discuss whether your portfolio allocation still matches your goals, why sector rotation matters, realistic expectations for investment returns, and the impo
7-30-26 Hyperscaler Credit - Warning or Opportunity
Are investors overreacting to rising credit spreads among the largest AI hyperscalers? As companies like Amazon, Microsoft, Alphabet, Meta, and Oracle continue borrowing heavily to fund massive AI infrastructure, headlines are warning of "carnage" in hyperscaler credit markets. But does wider credit spread really signal financial trouble—or simply reflect unprecedented capital spending?
Lance Rob
7-29-26 Will the Fed Meeting Matter
It's Q&A Wednesday, and Lance Roberts & Danny Ratliff answer your questions from our YouTube Live chat while discussing one of the week's biggest market events: the Federal Reserve meeting.
Will the Fed's latest decision change the market's direction, or is earnings season, inflation, and economic data driving the bigger story? We answer your questions on investing, portfolio management, retireme
7-28-26 Do You Really Know Your Risk Tolerance?
Everyone says they're comfortable with investment risk—until markets actually decline.
Lance Roberts & Jon Penn discuss why true risk tolerance isn't measured during bull markets but during periods of fear and uncertainty. We explain the difference between financial capacity and emotional tolerance, why investors often overestimate the amount of volatility they can handle, and how emotional decis
7-27-26 AI's Earnings Catch - The Depreciation Risk
Big Tech continues to post record earnings, but investors may be overlooking one critical risk: AI capital spending. Lance Roberts explains why today's AI spending boom could become tomorrow's accounting headwind, how depreciation affects corporate profitability, and why investors should look beyond headline earnings.
0:00 INTRO
1:01 - Elon Musk, former Trillionaire & Another Iran Cease-fire
5:34
7-24-26 Financial Fitness Friday - Trump Accounts - What Parents Need to Know
What are Trump Accounts, and could they reshape how families save and invest for the next generation?
Richard Rosso & Jonathan McCarty break down how Trump Accounts work, who qualifies, how they're funded, the role of employers and charitable contributions, and how these new custodial accounts compare with traditional UGMA and UTMA accounts. We also discuss investment choices, withdrawal rules, i
7-23-26 Can SpaceX Fire on All Cylinders
SpaceX has transformed the commercial space industry with reusable rockets, Starlink, and ambitious plans for Starship. But after one of the largest IPOs in history, can the company continue delivering the growth investors now expect?
Lance Roberts & Michael Lebowitz examine whether SpaceX's fundamentals can keep pace with its valuation. We'll discuss launch cadence, Starlink's revenue potential,
7-22-26 Q&A Wednesday - Spotting Market Narratives
It's Q&A Wednesday, and we're tackling some of the biggest questions investors are asking right now.
How do you separate compelling market narratives from reality? We discuss practical ways to identify, question, and fact-check popular investing themes before making portfolio decisions.
0:00 INTRO
0:52 - Google, Intel, Tesla Preview
5:45 - Oil Price Futures & Iran
10:44 - How much allocation to
7-21-26 Why Investors Keep Chasing What's Hot
Why do so many investors continue chasing yesterday's biggest winners? Whether it's Bitcoin, gold, silver, semiconductors, or the latest AI stock, the temptation to follow what's already surged can be difficult to resist.
Lance Roberts & Jon Penn explore the psychology behind performance chasing, why investors constantly compare their portfolios to the market's hottest sectors, and how fear of mi
7-20-26 Why Retail Traders Keep Losing
Why do so many retail traders consistently underperform the market over time? Despite unprecedented access to information, sophisticated trading platforms, artificial intelligence, and social media investing communities, the average individual investor continues to lag behind long-term market returns.
Lance Roberts examines the behavioral and structural reasons behind retail investors' poor perfo
7-17-26 Roth Rules and Dividend Myths
Richard Rosso & Jonathan McCarty explore some of the biggest retirement and investing questions facing Americans today. We examine how SECURE Act 2.0 is accelerating the "Rothification" of retirement savings, why catch-up Roth contributions remain a powerful planning tool, and what investors need to know about employer Roth matching and the long-term tax implications.
We also tackle one of the ho
7-16-26 Headwinds, Tailwinds, and Market Risk
Markets rarely move in a straight line. Just like the weather, investing requires understanding both the headwinds that can slow markets down and the tailwinds that can keep the rally moving forward.
Lance Roberts & Michael Lebowitz examine the key forces shaping today's investment landscape, including stretched valuations, investor sentiment, earnings expectations, interest rates, liquidity, and
7-15-26 Q&A Wednesday - CPI, Earnings, and Market Risks
What if the biggest advantage in today's markets isn't making more trades or winning every debate—but knowing when to step back?
Lance Roberts & Jon Penn examine two powerful ideas: why constantly trying to be "right" can actually hurt investment returns, and how today's financial markets increasingly resemble gambling platforms fueled by constant speculation, options trading, prediction markets,
7-14-26 Winning Less, Investing Better
What if the biggest advantage in today's markets isn't making more trades or winning every debate—but knowing when to step back?
Lance Roberts & Jon Penn examine two powerful ideas: why constantly trying to be "right" can actually hurt investment returns, and how today's financial markets increasingly resemble gambling platforms fueled by constant speculation, options trading, prediction markets,
7-13-26 Why Spotting Bubbles Is So Hard
Every investor wants to identify the next market bubble before it bursts, but history shows that's far easier said than done.
Whether it's technology stocks, housing, cryptocurrencies, or today's Artificial Intelligence leaders, distinguishing a true speculative bubble from a powerful long-term investment trend is one of the greatest challenges in investing.
Lance Roberts explains why bubbles a
7-10-26 The Boomerang Generation - When Adult Kids Move Back Home
More families are experiencing the Boomerang Generation phenomenon, with adult children moving back home because of housing costs, student debt, career changes, or other life events. Before saying "yes," parents should understand the financial, legal, and retirement planning implications.
Richard Rosso & Jonathan McCarty discuss how you can protect your retirement while helping your adult childre
7-9-26 Yield Curve Warnings - Signal or False Alarm
Flattening yield curves, violent sector rotations, and shifting market leadership often trigger recession headlines—but do they really predict when markets will peak?
Lance Roberts & Michael Lebowitz look at why investors frequently confuse condition indicators with timing indicators. While yield curve flattening and rapid rotations between growth and value stocks can reveal that the market envir
7-8-26 Q&A Wednesday - Markets, Rates, and Risk
It's Q&A Wednesday, and Lance Roberts examines whether the momentum-driven rally in semiconductors can continue, how the Iran cease-fire breakdown could affect markets, and what investors should watch ahead of the FOMC decision.
We also answer your questions on the differences between the NASDAQ VIX and S&P VIX, whether government policies continue to support elevated real estate prices, investi
7-7-26 Could You Spot a Ponzi Scam?
Could you recognize a Ponzi scheme before it's too late? Most victims believe they're too smart to be scammed—until they're not.
Lance Roberts & Jon Penn look at how Ponzi schemes, affinity fraud, and romance scams exploit trust, emotion, and urgency rather than intelligence. From promises of guaranteed returns to online relationships that suddenly turn into investment opportunities, scammers con
7-6-26 Margin Debt Myths Investors Should Ignore
Does rising margin debt really signal an imminent stock market crash? Not necessarily.
Lance Roberts examines why many commonly cited margin debt charts can be misleading, which measures deserve investors' attention, and how leverage should be interpreted within the context of liquidity, economic growth, and market trends.
0:00 INTRO
0:50 - July 4th Recap, FIFA Soccer, & Earnings Season Launch
5
7-3-26 The Widow's Penalty in Social Security
The loss of a spouse is one of life's most difficult transitions, and for many retirees, it can also result in a significant reduction in Social Security income. Richard Rosso & Jonathan McCarty explain the Social Security "Widow's Penalty," why survivor benefits often leave widows and widowers with less household income, and the planning strategies that can help protect your retirement.
We discu
7-2-26 Why Markets Follow Interest Rates (More Than the News)
Every market rally, pullback, and recession eventually comes back to one powerful force: interest rates. While investors often focus on breaking news and political headlines, the Federal Reserve's interest-rate policy has a far greater impact on stocks, bonds, inflation, retirement income, and long-term investment returns.
Lance Roberts & Michael Lebowitz explain what the Federal Reserve actually
7-1-26 Q&A Wednesday - Your Financial Questions Answered Live
It's Q&A Wednesday, where we answer your biggest questions about investing, retirement, the economy, and today's markets.
With stocks testing key resistance, artificial intelligence continuing to drive market leadership, interest rate expectations evolving, and retirement planning challenges becoming more complex, investors have plenty of questions. This live discussion with Lance Roberts covers
6-30-26 Should You Leave Your 401(k) Where It Is
Should you leave your old 401(k) with a former employer, roll it into an IRA, move it to a new employer's retirement plan, or consider another option? The right answer depends on your goals, investment choices, fees, taxes, and retirement timeline.
Lance Roberts & Jon Penn examine the advantages and disadvantages of each option, including investment flexibility, creditor protection, Required Mini
6-29-26 Milton Friedman Was Mostly Right
Was Milton Friedman right about inflation?
Yes—but only if you quote the entire sentence.
For decades, investors, economists, and financial media have repeated Friedman's famous statement that "inflation is always and everywhere a monetary phenomenon." Unfortunately, most stop at the comma, missing the critical qualification that changes the entire meaning.
Lance Roberts reveals what Friedman a
6-26-26 Don't Sweat Social Security
Social Security is back in the headlines, with warnings about trust fund shortfalls, benefit cuts, and proposed reforms creating anxiety for retirees and pre-retirees alike. But before making emotional decisions, it's important to understand what is actually at risk, what Congress is likely to do, and how to build a retirement income plan that works regardless of future changes.
Richard Rosso bre
6-25-26 The Micron Report - What's Next for Semi-conductors?
Has Micron's earnings report changed the outlook for semiconductor stocks and the broader artificial intelligence trade?
With expectations running exceptionally high following a massive rally in chip stocks, investors are looking beyond headline numbers to what Micron's results and outlook may reveal about future demand, pricing power, and earnings growth across the industry.
Lance Roberts & Mi
6-24-26 Q&A Wednesday - What's Really Driving This Market
Markets can remain resilient longer than many expect, but understanding what is fueling the rally is critical for managing risk and protecting long-term financial goals.
Lance Roberts & Danny Ratliff tackle your questions about what is really driving stocks higher, whether earnings expectations are becoming too optimistic, the risks of narrow market leadership, portfolio positioning in today's e
Recommended
Fox news
K-Drama Obsessed Mamas | Beyond “Just One More Episode!”
True Crime Classics
The Healer Revolution
Becoming: HER with Nikki Spoelstra
Booked, Blonde & Busy w/ Olivia Ponton
McKinsey on Consumer and Retail
megahired.com
Hard Knocks Podcast
Effective Weight Loss for Moms | High protein, Strength Training, Lose Weight, Meal Planning, Fat Loss, Healthy Habits
The Human-Animal Connection - Pet Life Radio Original
Infinite Health with Dr. Arasi Maran
