The Investing for Beginners Podcast - Your Path to Financial Freedom

In this episode of At Any Rate, Evan Raidt and Andrew Sather dive into a fantastic listener question from Joey. Joey asks a common but critical question: if a standard market ETF averages 10% a year, but a wealth manager can get you 16% for a 1% fee, shouldn't you just hire the professional?

Topics Covered:


The Reality of 16% Returns: Andrew explains why finding a manager who can consistently beat the market by that much, decade after decade, is incredibly rare.


Evan's Wealth Manager Experience: Evan shares his two-and-a-half-year experience using an Edward Jones wealth manager and why the transparency and simplicity of ETFs ultimately won him over.

Timestamps: 

01:09 - Intro & getting the episode kicked off. 

02:26 - Listener Q&A: Joey asks if a wealth manager is better than DIY investing. 

04:04 - The SPIVA Report: Why roughly 90% of active managers fail to beat the market. 

07:22 - Is a consistent 16% return from a wealth manager actually realistic?

18:25 - How to get over the overwhelming feeling of starting your DIY investing journey. 

26:34 - Why ETFs offer the best balance of low effort and high statistical probability of winning.

33:25 - What to expect in the short term versus the long-term "snowball" effect. 

41:25 - Final thoughts and episode outro.

Resources Mentioned

The Value Spotlight Newsletter: https://einvestingforbeginners.com/value-spotlight-newsletter/

Free monthly budgeting spreadsheet: https://einvestingforbeginners.com/budget/

Email Evan: [email protected]

Have questions or want your story featured? Email the show at [email protected] or comment below. Your feedback shapes the podcast!

Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate, we’ll see you next time.

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

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In this episode, Andrew and Stephen get into the financial weeds to answer a great listener question from passaro94 about how inflation actually impacts a company's value. We break down the macroeconomic side of investing—explaining exactly what the Federal Reserve does, the critical differences between inflation and deflation, and how the best businesses account for these economic shifts using pricing power.

Finally, we take it a step further and explain how to practically tie inflation into your WACC (Weighted Average Cost of Capital) and DCF (Discounted Cash Flow) calculations so you can accurately value stocks no matter what the economy is doing.

In This Episode, You’ll Learn:


What the Federal Reserve actually does and why it matters to everyday investors.


The difference between inflation and deflation.


How businesses use pricing power to survive (and thrive) during inflation.


How to properly factor inflation into your Discounted Cash Flow (DCF) models.

Timestamps

00:00 - Intro & getting into the financial weeds 

04:30 - Listener Q&A: passaro94 asks about adjusting WACC for inflation 

12:15 - What does the Federal Reserve actually do? 

21:00 - Inflation vs. Deflation: What beginners need to know 

28:45 - How businesses survive inflation using pricing power 

36:20 - Tying inflation into your WACC and DCF valuation models 

43:30 - Final thoughts 

Resources Mentioned

The Value Spotlight Newsletter: ⁠https://einvestingforbeginners.com/value-spotlight-newsletter⁠/

Have questions or want your story featured? Email the show at ⁠[email protected]⁠ or comment below. Your feedback shapes the podcast!

Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time.

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

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If you watched the Super Bowl, you probably saw the commercial where the Coca-Cola polar bear did a blind taste test, picked Pepsi, and had to go to therapy. It was hilarious, but what a lot of people don't realize is that is exactly how the original Cola Wars started back in 1975!

Today, Stephen and Andrew dive into the economics of company rivalries. From Coke vs. Pepsi to Costco vs. Sam’s Club and Starbucks vs. Dunkin', we break down the numbers to see who actually comes out on top—and how researching a competitor is the ultimate cheat code for understanding the stock you actually want to buy.

In This Episode, You’ll Learn:


The Original Cola Wars: A quick history of the 1970s battle between Coke and Pepsi, and what investors can learn from their aggressive marketing tactics.


The Economics of Rivalry: How to look at the financials of two competing giants to see who actually holds the market advantage.


The Ultimate Cheat Code: Why researching a company's biggest competitor gives you the best, unbiased data on the stock you actually want to invest in.

Timestamps

04:47 - Pepsi’s Massive Revenue vs. Coke’s Profit Margins

11:06 - Why Revenue is Vanity and Profit is Sanity

12:25 - Comparing Completely Different Business Models

17:14 - Starbucks’ Sinking Margins

29:30 - Why 65% of Costco’s Profit is Subscriptions

36:00 - Does Costco Have the Ultimate Economic Moat?

Resources Mentioned

The Value Spotlight Newsletter: ⁠https://einvestingforbeginners.com/value-spotlight-newsletter⁠/

Have questions or want your story featured? Email the show at ⁠[email protected]⁠ or comment below. Your feedback shapes the podcast!

Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time.

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

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Today’s show is sponsored by:

Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SHOPIFY.COM/beginners⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to start selling with Shopify today.⁠ ⁠⁠⁠⁠⁠https://www.shopify.com/beginners⁠⁠⁠⁠ 

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Upgrade your wardrobe with Quince to get high-quality, luxury essentials at a fraction of the cost by visiting ⁠https://quince.com/beginners⁠ 

Get your free quote and see how much you could save at⁠ ⁠⁠⁠⁠⁠⁠⁠⁠SelectQuote.com/beginners⁠⁠⁠⁠⁠⁠⁠⁠⁠ 

Turn your passion into profit, connect directly with eager buyers, and grow your business by hosting live, interactive auctions at ⁠https://whatnot.com/sell⁠ 

Supercharge your productivity and automate your daily tasks by building custom AI agents in your all-in-one workspace at ⁠https://notion.com/investing⁠

⁠Get your free quote and see how much you could save at⁠ ⁠⁠⁠⁠⁠⁠⁠⁠SelectQuote.com/beginners⁠⁠⁠⁠⁠⁠⁠⁠⁠

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In this episode, Evan Raidt welcomes Stephen Morris, the new co-host of the Investing for Beginners podcast. Stephen opens up about his unique personal finance journey, from experiencing early financial trauma. They discuss why his nuanced take on Dave Ramsey, and why he completely abandoned the high-stress world of day trading in favor of long-term, "chill" investing.

Topics Covered:


Stephen’s childhood financial awakening and how it shaped his lifelong aversion to bad debt.


A nuanced take on Dave Ramsey's teachings and knowing your own discipline.


Why true wealth is defined by freedom, time, and family security.


The brutal 11-hour days and intense stress of day trading.


The power of getting over your fear and buying your very first stock.

Timestamps: 

01:42 Stephen's First Financial Awakening 

04:42 The Military Bonus and Financial Regrets 

07:29 Re-evaluating Debt and Dave Ramsey 

12:33 Bringing Anti-Wall Street Bully Values to IFB 

15:13 Defining Wealth as Freedom and Security

19:24 Why Long-Term Investing is "Chill" Investing 

23:21 Leaving the Stress of Day Trading Behind 

29:29 The Importance of Buying Your First Stock

Resources Mentioned

The Value Spotlight Newsletter: https://einvestingforbeginners.com/value-spotlight-newsletter/

Free monthly budgeting spreadsheet: https://einvestingforbeginners.com/budget/

Email Evan: [email protected]

Have questions or want your story featured? Email the show at [email protected] or comment below. Your feedback shapes the podcast!

Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate, we’ll see you next time.

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Everyone online wants to sell you a "get rich quick" scheme, but is gaining wealth really that easy?

In reality, true investing is often boring and less sexy than what you see on social media. Today, Andrew and Stephen dive into the 10 unsexy investing truths that no one wants to talk about but are essential for your long-term success.

Key Topics Covered:

Why it is okay (and often better) to invest with your conscience.

The "Tinker Stinker": Why doing nothing is frequently the best move you can make.

Why the details of capital allocation matter, even if they aren't "fun."

The reality of underperforming the S&P 500 and why even Warren Buffett deals with it.

Why reading 10-Ks is mandatory and there are no shortcuts to deep research.

Timestamps:

00:00 - Intro: The "Get Rich Quick" Myth

02:14 - Truth #1: Investing With Your Conscience

08:42 - Truth #2: The Details Matter (Even the Boring Ones)

11:54 - Truth #3: The Power of Doing Nothing

14:14 - Truth #4: More Work Doesn't Always Mean Better Results

20:07 - Truth #5: Underperforming the S&P 500

21:38 - Truth #6: The Importance of Portfolio Management

26:55 - Truth #7: Market Crashes are a Feature, Not a Bug

31:09 - Truth #8: You're Going to Be Wrong (A Lot)

35:32 - Truth #9: Reading 10-Ks is Mandatory

40:32 - Truth #10: Compounding Takes Decades, Not Days

Resources Mentioned

The Value Spotlight Newsletter: ⁠https://einvestingforbeginners.com/value-spotlight-newsletter⁠/

Have questions or want your story featured? Email the show at ⁠[email protected]⁠ or comment below. Your feedback shapes the podcast!

Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time.

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

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Supercharge your productivity and automate your daily tasks by building custom AI agents in your all-in-one workspace at ⁠https://notion.com/investing⁠

⁠Get your free quote and see how much you could save at⁠ ⁠⁠⁠⁠⁠⁠⁠⁠SelectQuote.com/beginners⁠⁠⁠⁠⁠⁠⁠⁠⁠

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