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Is flexibility the key to a successful retirement? Interview with Dr. Michael Finke – Season 1: Episode 3

Are we in a risky time in the market?  What does the CAPE ratio mean and why is it valuable?

Part 2 of our discussion with Dr. Michael Finke, Ph.D., CFP®, professor of wealth management and director of the Grantham Center for Financial Security. Host Chris Panagiotu, CFP®, CRPS®,  speaks with Dr. Finke about risk, and more specifically, why it’s important to know what risks you may be willing to take in your investments. Get more details on Part Two of this edition of CAPitalize, a podcast for the intelligent investor!

Important Information:

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

No client or prospective client should assume that the presentation (or any component thereof) serves as the receipt of, or a substitute for, personalized advice from Lucia Capital Group or from any other investment professional.

Shiller CAPE is the cyclically adjusted price-to-earnings ratio and is a valuation measure usually applied to the US S&P 500 equity market. It is defined as price divided by the average of ten years of earnings (moving average), adjusted for inflation. As such, it is principally used to assess likely future returns from equities over timescales of 10 to 20 years, with higher than average CAPE values implying lower than average long-term annual average returns. It is not intended as an indicator of impending market crashes, although high CAPE values have been associated with such events.

Christopher Panagiotu is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial. Michael Finke is not affiliated with Lucia Capital Group nor LPL Financial.

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