What Is The Market Portfolio—And How Should It Influence How We Invest? (EP.233)
Release Date: 12/03/2025
What Is The Market Portfolio—And How Should It Influence How We Invest? (EP.233)
The Long Term Investor
You don’t have time to sift through endless financial content. That’s why I do it for you. Get my top 5 must-read articles every week in a quick, easy-to-digest email. . ----- Most of us feel like we “own the market” with a U.S. stock index and a core bond fund. But the real global market portfolio — the value of every investable asset in the world — looks very different. And once you see that full picture, it changes how you think about international stocks, alternatives, and how far you may be drifting from the true market mix. In this episode, I break down what the world...
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The Latest Innovation in ETFs and Mutual Funds: Share Class Exemptive Relief, Explained — with Marlena Lee (EP.232)
The Long Term Investor
You don’t have time to sift through endless financial content. That’s why I do it for you. Get my top 5 must-read articles every week in a quick, easy-to-digest email. . ----- Dimensional Fund Advisors’ Marlena Lee joins Peter to unpack the SEC’s share class exemptive relief—the change that lets one portfolio be offered as both a mutual fund and an ETF. Listen now and learn: ► Why one portfolio offered as both an ETF and a mutual fund is a game changer for investors ► How the cash-vs-basket plumbing drives taxes and who ends up with capital gains distributions...
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Before You Add Alternatives: How to Tell if Private Markets Fit Within Your Plan (EP.231)
The Long Term Investor
Get an inside look at what’s shaping my thinking. Bi-weekly, I share the top 5 investing and financial planning articles I’m reading—straight to your inbox. . ----- In this rebroadcast, Peter sits in the guest chair to explain why he rarely recommends private markets—and the specific situations where they do belong. He lays out a clear filter built around liquidity, purpose, access, and behavior so you can decide whether private investments fit in your plan. Listen now and learn: ► A simple decision framework for alternative investments ► Why Peter is more...
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Year-End Equity Comp Playbook With John Owens (EP.230)
The Long Term Investor
Your finances have layers—investments, taxes, planning for the future. If you want a second set of eyes, Peter opened up a few spots for a quick, no-obligation call. . ----- Equity compensation can turbocharge wealth—and taxes. Brooklyn Fi managing partner John Owens joins Peter to share a clear year-end playbook for RSUs, ISOs/NQSOs, and ESPPs, including how to avoid AMT surprises, right-size withholding, and unwind concentrated stock positions. Listen now and learn: ► A simple order of operations for year-end equity comp decisions ► RSU withholding pitfalls (and how to...
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Why Everyone Suddenly Loves Gold (and What Could Go Wrong) (EP.229)
The Long Term Investor
Want a peek behind the scenes? Get my top 5 must-read financial articles that keep me ahead on innovative planning and investment strategies—exclusive, curated, and straight to your inbox bi-weekly when you . ----- Gold just cleared $4,000 an ounce while stocks hover near highs—a rare split-screen of optimism and caution. In this episode, I break down what’s actually pushing gold up, stress-test its “safe haven” reputation, and evaluate whether it truly protects against inflation. We’ll finish with a simple, rules-based way to decide if gold deserves a small place in a...
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Stop Keeping Score: Power & Fairness With Money Ft. Heather and Doug Boneparth (EP.228)
The Long Term Investor
Most financial mistakes happen because people don’t see the full picture. My Net Worth Worksheet helps you track everything in one place—so you stay informed. . ------ Money talks fall apart when couples keep score. In this episode, Heather and Doug Boneparth show how fairness—not 50/50—actually works in real life, and how power shows up through invisible labor, access, and decision rights. You’ll hear practical ways to reset the dynamic so conversations feel collaborative instead of adversarial. Listen now and learn: ► A fairness framework to replace 50/50 splits and tit-for-tat...
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Should You Move to Cash When Markets Hit All-Time Highs? (EP.227)
The Long Term Investor
Get an inside look at what’s shaping my thinking. Bi-weekly, I share the top 5 investing and financial planning articles I’m reading—straight to your inbox. . ----- Markets have hit record levels dozens of times this year, and the headlines are filled with uncertainty. It’s no wonder investors are asking whether now is the time to take some chips off the table. In this episode, I share what I told USA Today when they asked me the same question — and explain why new highs don’t necessarily mean markets are due for a fall. Listen now and learn: ► Why all-time highs are...
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From Numbers to Meaning When Building Your Retirement Plan with Carl Richards (EP.226)
The Long Term Investor
Please rate and review The Long-Term investor in your favorite podcast app. ----- Author and illustrator Carl Richards joins the show to discuss his new book Your Money and the real conversations we should be having about finances. If you’ve ever wondered how to stop worrying about money and start using it intentionally, this conversation will leave you thinking differently about every dollar you spend. Listen now and learn: ► Why most people avoid the money conversations that matter most ► How to align your use of capital with what’s genuinely important to you ► The power of...
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Trapped By Taxes? How 351 Exchanges Let You Diversify Without Selling Your Stock (EP.225)
The Long Term Investor
Wondering if you’re making the right financial moves? Let’s build a strategy you can rely on. to get professional guidance. ----- Many investors want to diversify out of a few appreciated stocks but can’t stomach the tax bill that comes with selling. In this episode, Peter Lazaroff explains how Section 351 exchanges give investors a smarter, tax-efficient way to move from concentrated stock positions into diversified ETFs–without triggering immediate capital gains. Listen now and learn: ► What a 351 exchange is and how it works ► Who’s a good candidate–and who isn’t...
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Year-End Tax Planning After the OBBBA (EP.224)
The Long Term Investor
Your finances have layers—investments, taxes, planning for the future. If you want a second set of eyes, Peter opened up a few spots for a quick, no-obligation call. . ----- Tax law shifts can change the best time to recognize income, give to charity, and make big business decisions. This episode unpacks how the “One Big Beautiful Bill Act (OBBBA)” reshapes year-end planning for pre-retirees, equity-comp executives, and business owners—and what still works vs. what to rethink. Listen now and learn: ► How the new charitable-deduction mechanics affect bunching and donor-advised...
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Most of us feel like we “own the market” with a U.S. stock index and a core bond fund. But the real global market portfolio — the value of every investable asset in the world — looks very different. And once you see that full picture, it changes how you think about international stocks, alternatives, and how far you may be drifting from the true market mix.
In this episode, I break down what the world portfolio actually holds today, how it’s shifted over time, and how to use it as a guide for building a simple, durable portfolio.
Listen now and learn:
► What’s really inside the global market portfolio and how big each slice actually is
► Why stocks and bonds still dominate despite all the attention on alternatives
► Why a clean 60/40 mix can often beat the “own-everything” approach on a risk-adjusted basis
► How the U.S. became such an outsized share of global markets and what that means for diversification
► A simple framework for deciding when to add assets like real estate, gold, private markets, or crypto
Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)
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