by Lance Roberts
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| Most investors don’t blow up because they “didn’t know enough.” They blow up because they frame the decision wrong. Lance Roberts & Jonathan Penn break down narrow framing—the behavior where investors judge one investment in isolation (“Why don’t I own that?”) instead of evaluating results through the entire portfolio and a long-term plan. When something becomes “hot,” it feels obvious, safe, and inevitable. But return-chasing often ends the same way: buying after a big run, then selling after the first real drawdown. That cycle turns investing into reaction instead of strategy—headlines instead of planning, emotion instead of discipline. 0:00 - INTRO 0:19 - ISM Manufacturing Feed Reflation Narrative 4:15 - Sector Rotations Worth Watching 8:20 - Markets Continue in Rising Trend 13:24 - The Trap of Cahasing Returns 15:58 - The Trouble w Investor Complacency 18:20 - The Flaw in Framing 22:09 - Momentum Drives Price 23:21 - Leverage Unwinding & Volatility 24:42 - It's Silver Profit Taking Time 25:47 - Risk Tolerance vs Risk Capacity 28:03 - A Portfolio is Like a Car 31:12 - The Misconception Between Risk & Volatility 34:23 - Risk is the Destruction of Capital 35:58 - Markets Do Not Compound Returns 37:31 - Would You Rather... 42:33 - Everybody Idolizes Warren Buffett 43:30 - Establish a Discipline 45:52 - Have a Plan - Write it Down 48:51 - E-book Library Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- Register for our next Candid Coffee, 2/21/26: https://streamyard.com/watch/Wq3Yvn9ny5GV ------- Watch our previous show, "Bears Are an Endangered Species," here: https://www.youtube.com/live/NAyXnrquGiQ -------- The latest installment of our new feature, Before the Bell, "Reflation Rotation" is here: _O1BUc ------- Visit our E-book Library (no library card required!) https://realinvestmentadvice.com/ria-e-guide-library/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #SectorRotation #RiskManagement #ReflationTrade #PortfolioRebalancing |
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The Real Investment Show
2025-12-22
REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:"
https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator
12-17-25 Earnings Revision Risk Explained
2025-12-17
Markets are priced for perfection heading into next year. Earnings expectations are unusually high. If those forecasts get revised lower, the market will have to reprice quickly.
In this short video, Lance Roberts explains why high valuations and aggressive earnings forecasts create real revision risk if results fail to measure up.
📺Full episode: -vnHx4Eg
Catch me daily on The Real Investment Show: https://www.youtube.com/@TheRealInvestmentShow
QE Is Back: Which Assets Benefits From The Liquidity Boost
2025-12-17
QE is back! On December 10th, the Federal Reserve announced its plan to purchase $40 billion in Treasury securities each month for at least four months. Through these QE purchases, bank reserves will increase, and recent liquidity concerns should lessen. Furthermore, increased liquidity often leads to more speculative market conditions and higher asset prices as …
11-4-25 Smart or Risky? How Investors Are Adapting to Today’s Markets
2025-11-04
In this episode, we explore how today’s investors are adapting to volatility, inflation, and complexity across markets.
Lance Roberts & Jon Penn explore Structured Notes: These complex instruments promise tailored returns, but they come with tax pitfalls and credit risks investors must understand before buying. We’ll break down how structured notes work—and why they may belong inside an IRA rather than a taxable account.
The Return of Adjustable-Rate Mortgages (ARMs): Homebuyers are betting that interest rates have peaked—opting for lower initial payments despite future risks. Are ARMs smart financial strategy or a sign of desperation in a high-cost housing market?
0:19 – Palantir : No Rewards for "Good" Results
5:19 – Does the Next Correction Start Today?
10:46 – Christmas Tree
11-3-25 Investor Dilemma: Pavlov Rings the Bell
2025-11-03
Are today’s investors psychologically conditioned to buy every market dip—no matter the risk?
Lance Roberts explores the “Investor Dilemma” through the lens of Pavlov’s classical conditioning, revealing how years of Fed interventions, liquidity injections, and momentum rallies have trained investors to respond to volatility like Pavlov’s dogs to a bell.
#InvestorDilemma #BehavioralFinance #MarketPsychology #BuyTheDip #FinancialEducation
CAPE Valuations: Does Nvidia Overstate Its Ominous Warning?
2025-10-29
As equity valuations approach the record highs of 1999, investors are growing anxious. This unease is partly driven by the media issuing grim warnings, often based in part on CAPE valuations. Consider the following headlines and their summaries. The graph shows the S&P 500 and CAPE since 1920. Given how the market performed after the …
9/9/25 The Best Way to Buy Bitcoin: Smart Investors Guide
2025-09-10
Thinking about buying Bitcoin but not sure of the best approach? You’re not alone. With so many options—crypto exchanges, ETFs, custodians, and even payment apps—the path can feel overwhelming.
In this episode, we break down the smartest ways to buy Bitcoin while considering security, fees, custody, and long-term investing strategy. Should you buy directly on an exchange, use a crypto wallet, or stick to regulated investment vehicles like ETFs? We’ll walk through the pros and cons so you can make an informed decision that fits your goals.
Whether you’re a beginner or a seasoned investor curious about crypto, this guide will help you navigate the choices and avoid costly mistakes.
📺 Watch now to learn the best ways to safely and effectively buy Bitcoin.
He’ll break down:
Why
8-29-25 Profits are Good
2025-08-29
Do you freeze up when considering selling a stock at a profit because you don’t want to pay taxes? Remember, if you have to pay taxes, you made money, and isn’t that the whole point of investing?
RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Relationship Manager, Matt Doyle, CFP
Produced by Brent Clanton, Executive Producer
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