Larry Swedroe

Larry Swedroe is principal and director of research for Buckingham Asset Management, LLC, a Registered Investment Advisor firm in St. Louis, Mo. He is also principal of BAM Advisor Services, LLC, a service provider to investment advisors across the country, most of whom are affiliated with CPA firms. Swedroe's mission is to educate people on [...]


Joe Anderson
ABOUT Joseph

As CEO and President, Joe Anderson has created a unique, ambitious business model utilizing advanced service, training, sales, and marketing strategies to grow Pure Financial Advisors into the trustworthy, client-focused company it is today. Pure Financial, a Registered Investment Advisor (RIA), was ranked 15 out of 100 top ETF Power Users by RIA channel (2023), was [...]

Alan Clopine

Alan Clopine is the Executive Chairman of Pure Financial Advisors, LLC (Pure). He has been an executive leader of the Company for over a decade, including CFO, CEO, and Chairman. Alan joined the firm in 2008, about one year after it was established. In his tenure at Pure, the firm has grown from approximately $50 [...]

Published On
September 3, 2016

Investing expert Larry Swedroe joins the show to discuss his new book on factor-based investing. Larry also discusses smart beta and his take on the upcoming election and how investors should react depending on the outcome.

2:02 “Can the IRS take the property from my trust?”

4:38 “How much can I collect in widow’s benefits?”

8:24 “Can I re-gift a stock?”

12:35 “A 401(k) plan will allow someone to put an amount directly into their paycheck into an account that will grow 100% tax-deferred…it’s out of sight, out of mind.”

15:02 “When you start tapping your retirement nest egg, there are all types of rules – if you don’t have a retirement nest egg, you have nothing to tap.”

15:50 Start of Interview with Larry Swedroe

18:27 “We identify eight factors in this book – six for stocks and two for bonds…”

20:12 “We should have a risk-based explanation for these premiums and/or a behavioral explanation that should hold up.”

20:20 “The book goes through all of these issues for every one of the factors we recommend, and shows you the historical evidence.”

22:47 “Now there’s something that’s called smart beta. What’s your take on that? That’s just factor investing with a marketing ploy isn’t it?”
24:49 “That, to me, is smart beta because it’s patient trading and over time will outperform the index.”

25:44 “There is a thing that you can call smart beta, but 98 or 99 percent of what the industry calls smart beta is marketing hype.”

29:19 “Never let your political views influence your investment decisions. You should have that well thought-out investment plan that has your asset allocation. The only thing you should be doing is 1) rebalancing if necessary and 2) tax managing if the opportunity to harvest a loss is there.”

33:38 “The more you look at your portfolio, the more hazardous it potentially is to your wealth.”

35:35 “If you can’t ignore the noise of the market…don’t check your value.”

35:55 End of Interview with Larry Swedroe