Explorez tous les épisodes du podcast Investing Insights
| Titre | Date | Durée | |
|---|---|---|---|
| Want to Invest in Anthropic? Here’s What to Know Before the IPO | 06 nov. 2026 | 00:20:44 | |
Anthropic’s days as a private company are ticking down. The artificial intelligence frontier lab was founded in 2021 and is reportedly expected to price in mid-November. Many market watchers are predicting the company’s IPO will be one of the biggest of the year. Anthropic recently updated its S-1 to disclose how much revenue it generated in Q3 2026. A key figure left blank in the Claude chatbot maker’s original filing with the SEC. What would the private company’s arrival to the public market mean for investors and what should they watch for? Harrison Rolfes is a senior research analyst for Morningstar’s PitchBook, and he’s been tracking Anthropic’s rise.
Anthropic’s IPO to Cast Long Shadow Over Private AI Stocks
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On this episode: 00:00:00 Welcome
Check out more from Morningstar: Don’t Focus on Utilities Stocks’ Low Dividend Yields
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This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. | |||
| Don’t Focus on Utilities Stocks’ Low Dividend Yields | 30 oct. 2026 | 00:28:36 | |
Utilities: Investors Counting on Growth to Stop Recent Slump
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| Mortgage Rates Are Above 7%. Is It Better to Rent or Buy a Home Right Now? | 23 oct. 2026 | 00:16:26 | |
High interest rates and expensive home prices are keeping some frustrated buyers on the sidelines. A 30-year fixed-rate mortgage recently crossed the 7% line and remains there, according to the Mortgage Bankers Association. And recently there’s an uptick in some buyers choosing adjustable-rate mortgages that come with a lower loan rate, but higher risk. Meanwhile, macroeconomic conditions are also squeezing homebuilders. So, when could affordability return to the housing market and where can investors find cheap stock opportunities? Suryansh Sharma is the director of equity research for Morningstar and covers the housing industry.
Sign up for PitchBook or Morningstar Direct to read Suryansh Sharma’s full report, US Housing: 2026 Q2.
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This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. | |||
| Are TIPS ETFs the Best Way to Fight Inflation? | 16 oct. 2026 | 00:16:12 | |
Is persistent inflation making TIPS ETFs more attractive? Hundreds of millions of dollars flowed into this niche investment in September, according to Morningstar data. Yet, there’s a debate over whether they’re an ideal way to defend against higher costs. Joining me is Dan Sotiroff to discuss what investors should know, including the risk, tax treatment, and top-rated ETFs. He’s the associate director of US passive strategies research for Morningstar. Ask the Analyst: TIPS ETFs Protect Against Inflation. So Why Did Mine Lose Money? On this episode: Listen to more from Morningstar: The Smartest Moves for Bond Investors Today, and What to Do When You Have Too Many Investments 14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
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| The Smartest Moves for Bond Investors Today, and What to Do When You Have Too Many Investments | 09 oct. 2026 | 00:16:40 | |
We have a special episode for you this week. The author behind the popular Ask the Analyst column on Morningstar.com is coming to the table. Morningstar portfolio strategist Amy Arnott is going into the mailbag to answer readers’ questions about bonds, including TIPS and other portfolio matters. Submit your question to the Ask the Analyst column created and written by Morningstar's Amy Arnott.
On this episode: 00:01:36 How Bond ETFs Work and Comparing TIPS, I Bonds, Treasuries [This video states that an investor can use $5,000 from a tax refund to purchase I bonds in excess of the $10,000 limit. The US Treasury discontinued this tax-refund option on Jan. 1, 2025. ].
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This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income
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| 14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark | 02 oct. 2026 | 00:12:39 | |
The menu of mutual funds and exchange-traded funds can appear to go on and on, and it’s probably hard not to feel overwhelmed when you’re researching what works for your portfolio. A popular annual feature in Morningstar’s FundInvestor newsletter narrows the choices from thousands to about a few dozen. Russ Kinnel has done the hard work for you and is here to share investment ideas from his Thrilling Funds list. He’s the newsletter editor and Morningstar’s senior principal of ratings. Sign up for Morningstar’s FundInvestor newsletter.
On this episode: 00:00:00 Welcome 00:01:11 What's New in Morningstar's FundInvestor Newsletter
Watch more from Morningstar: Why Are Some of the Strongest Stocks Struggling This Year?
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This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. | |||
| Why Are Some of the Strongest Stocks Struggling This Year? | 25 sept. 2026 | 00:11:38 | |
Are wide-moat stocks’ struggles a sign of their protection diminishing? That’s the big question from the Q3 issue of Morningstar magazine. Key market moments this year heavily weighed on some stocks with competitive advantages. Why did they stumble? Morningstar magazine Editor-in-Chief Jerry Kerns is returning to Investing Insights to discuss this issue’s cover story. Sign up for a free subscription to Morningstar magazine. On this episode: 00:00:00 Welcome Watch more from Morningstar: Don't Make This Mistake When Chasing Higher Bond Yields
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This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. | |||
| Don’t Make This Mistake When Chasing Higher Bond Yields | 18 sept. 2026 | 00:15:55 | |
Higher bond yields are attracting more attention and more money. US bond ETFs pulled in almost $54 billion in August. Core and core-plus bond ETFs make up about $8.5 billion of that. These funds tend to provide shelter during market storms to ease a portfolio’s rocky moments. They also provide steady and predictable income. As bond rates sit higher than they have in the past, how can you benefit while also taking a conservative approach? Dan Sotiroff is the associate director of US passive strategies research for Morningstar. Why Higher Bond Yields Can Be 'a Great Thing'
On this episode: 00:00:00 Welcome 00:05:55 How active fund managers capitalize on higher bond rates
Watch more from Morningstar: How AI Is Taking Over Your Portfolio
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This episode is sponsored by Vanguard: https://advisors.vanguard.com/engagement/fixed-income Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. | |||
| How AI Is Taking Over Your Portfolio | 11 sept. 2026 | 00:18:55 | |
he dominance of artificial intelligence is swelling globally. Its massive growth is weighing heavily on stock markets, pressuring bond markets, and even growing to outsized proportions in emerging markets. These developments are increasing concentration risks in everyday investors' portfolios. What should you look for, and how do you guard against the AI surge? Tom Lauricella is Morningstar's chief global markets editor and the editor of the Smart Investor newsletter.
Sign up for the Smart Investor newsletter from Morningstar.
Markets Brief: Your Portfolio Is More Concentrated Than You Think
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Watch more from Morningstar: New ETFs Are Launching Fast. Proceed With Caution
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| 401(k) Millionaires: Here’s How to Avoid Going Broke in Retirement | 28 août 2026 | 00:13:25 | |
Becoming a 401(k) millionaire can require decades of hard work and sacrifice. Previously, a seven-figure nest egg shined as the gold standard among retirement planners. But the shine has dulled as a portfolio of that size no longer guarantees the same security. What steps should you take to protect your savings and avoid going broke in retirement? Sheryl Rowling has a list of tips. The certified public accountant is the editorial director of financial advice for Morningstar. Your 7-Figure Retirement Fund Might Not Stretch As Far As You Think. Here’s How to Change That On this episode: 00:00:00 Welcome
Watch more from Morningstar: New ETFs Are Launching Fast. Proceed With Caution Why Playing It Safe in Retirement Can Backfire
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| New ETFs Are Launching Fast. Proceed With Caution | 21 août 2026 | 00:15:32 | |
New exchange-traded funds are sprouting up quickly. In 2025, more than 1,000 ETFs launched. The crop included promising funds as well as those taking on unnecessary risks. The field could expand soon to include hundreds of riskier ETFs. As investment choices evolve, how can everyday investors spot what’s a good fit for their portfolio? Dan Sotiroff is the associate director of US passive strategies research for Morningstar. New ETFs with Sensible Investment Approaches Are Becoming Harder to Find
On this episode: 00:00:00 Welcome 00:01:11 How ETFs have evolved since the 1990s 00:02:38 New ETF trends and how providers compete 00:07:34 Risks and costs behind leveraged and inverse ETFs 00:11:04 Promising new ETFs worth a look 00:12:21 What to watch out for 00:13:13 Key takeaways for evaluating new ETFs
Watch more from Morningstar: Why Playing It Safe in Retirement Can Backfire Why Do Active Funds Lag Even With Winning Picks? Target-Date Funds With Annuities Are Gaining Ground. Is That Good for Your Retirement Plan?
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| Why Playing It Safe in Retirement Can Backfire | 14 août 2026 | 00:15:51 | |
Will you give yourself permission to fully enjoy your nest egg? Many retirees spent years saving to enjoy this chapter of their lives, but when they finally get there, a lot of them hold back. Of course, lavish spending can be a problem in retirees' golden years. But so can not spending enough! New Morningstar research has found retirees often withdraw their money very conservatively, even when they're not especially afraid of running out of money. As a result, they might deny themselves a dream vacation or trying new hobbies. So, what's behind it, and how can you learn to spend more in retirement and still live within your means? One of the researchers is Dr. Danielle Labotka, who's a behavioral scientist for Morningstar. Is Your Cautious Retirement Spending Doing More Harm Than Good? On this episode: 00:00:00 Welcome 00:01:02 Why Morningstar researchers studied retirement underspending 00:02:28 How retirees decide how much to spend 00:03:23 Why simple withdrawal strategies generally lead to underspending 00:04:42 What typically happens to retirees' wealth over time 00:05:27 Why cautious spending persists even when retirees can afford more 00:07:37 Three ways to tell if you're underspending in retirement Watch more from Morningstar: Why Do Active Funds Lag Even With Winning Picks? Target-Date Funds With Annuities Are Gaining Ground. Is That Good for Your Retirement Plan? AI ETFs Are on the Rise. Are They Worth the Risk?
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| Why Do Active Funds Lag Even With Winning Picks? | 07 août 2026 | 00:13:20 | |
Picking winning stocks is just part of the battle to beat an index. Active managers make investing moves when opportunities arise or dry up. They also rely on a team of analysts and state-of-the-art tools to help them uncover the next big investment idea. Yet, an in-depth dive into the top 100 largest active US stock funds reveals most active managers earn lower returns than their index. So, what are the pros' missteps? And what can everyday investors like you learn from them? Jeff Ptak analyzed years of stock fund data. The managing director of manager research for Morningstar explains what he found. The Biggest Active Stock Funds Picked the Right Stocks. They Still Lagged On this episode: 00:00:00 Welcome
Watch more from Morningstar: Target-Date Funds With Annuities Are Gaining Ground. Is That Good for Your Retirement Plan? AI ETFs Are on the Rise. Are They Worth the Risk? Don’t Leave Tax Savings on the Table: How to Conduct a Midyear IRA Checkup
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| Target-Date Funds With Annuities Are Gaining Ground. Is That Good for Your Retirement Plan? | 31 juil. 2026 | 00:11:37 | |
Guaranteed income in retirement sounds pretty nice, but what are the trade-offs to make it happen? Several big asset managers offer target-date funds with built-in annuities. However, it's difficult to compare one against another because their strategies tend to differ. And retail annuities' dubious reputation has set up a hurdle for mass adoption. But recent important developments could clear the path for these funds to appear in 401(k)s and other retirement plans. New Morningstar research explores why target-date funds with annuities are gaining ground in the US. Jason Kephart has dug into the data. Morningstar's senior principal of multi-asset manager research is here to explain what he found. As Fidelity Adds Target-Date Fund With Guaranteed Income, Here’s What You Should Watch For On this episode: 00:00:00 Welcome 00:00:59 What annuities are and why they got a bad rap 00:02:05 How in-plan annuities differ from retail versions 00:02:26 Why a proposed Department of Labor rule matters for 401(k) plans 00:03:08 Is momentum building for guaranteed income in 401(k)s? 00:04:18 Income annuities vs. guaranteed lifetime withdrawal benefits 00:07:09 What retirement savers should know now
Watch more from Morningstar: AI ETFs Are on the Rise. Are They Worth the Risk? Don’t Leave Tax Savings on the Table: How to Conduct a Midyear IRA Checkup What Investors Should Watch for in the Second Half of 2026
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| AI ETFs Are on the Rise. Are They Worth the Risk? | 24 juil. 2026 | 00:15:56 | |
It's hard to escape the artificial intelligence hype. It's everywhere. Companies are adopting AI into their processes. Many people are talking to chatbots. And investors are making bets on which firms or themes will win. But do you need to own an AI ETF to benefit from the boom? Or do you already have enough exposure? Morningstar's associate director of US passive strategies research Dan Sotiroff has investigated whether the additional volatility of an ETF focused on AI is worth the risk. For the Best Long-Term Bet in the AI Economy, Look to the Past On this episode:
00:00:00 Welcome 00:01:16 How AI shapes broad market ETFs 00:03:53 Are there still opportunities for smaller companies as large tech firms dominate? 00:05:12 What to know about thematic AI ETFs 00:08:59 Are ETFs the ideal way to invest in AI? 00:10:33 ETF picks for getting AI exposure 00:13:38 What to keep in mind about the AI tech trend Watch more from Morningstar: Don’t Leave Tax Savings on the Table: How to Conduct a Midyear IRA Checkup What Investors Should Watch for in the Second Half of 2026 Dividend Investing: How to Find the Right Balance Between Income and Growth
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| Don’t Leave Tax Savings on the Table: How to Conduct a Midyear IRA Checkup | 17 juil. 2026 | 00:10:57 | |
Consider getting your IRA in shape this summer instead of waiting for the calendar to flip to next year. A midyear checkup could help you optimize your retirement account to benefit from its tax advantages sooner than later. Morningstar's FundInvestor newsletter has highlighted investment ideas for folks who want to keep it simple, maximize tax advantages, or strive for capital appreciation. Morningstar's senior principal of ratings Russ Kinnel shares his favorite fund ideas for an IRA. IRA Favorites for Your Retirement Saving Plan On this episode: 00:00:00 Welcome 00:01:16 IRA basics and how Russ Kinnel invests in his IR 00:01:58 One-stop fund favorites for keeping it simple 00:03:45 Funds for maximizing tax advantages
00:06:38 Ideas to take the most advantage of tax-free compounding by focusing on capital appreciation
00:08:44 Could the funds also work in a Roth IRA?
Watch more from Morningstar: What Investors Should Watch for in the Second Half of 2026 Dividend Investing: How to Find the Right Balance Between Income and Growth Are Mutual Funds Becoming Obsolete?
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| What Investors Should Watch for in the Second Half of 2026 | 10 juil. 2026 | 00:18:58 | |
Market volatility tends to challenge investors' willpower to stick to their plan. That's understandable because it tends to be easier to say you will focus on the long-term until uncertainty emerges. Geopolitics and artificial intelligence stirred up their share of highs and lows in 2026. What lessons can you learn from past market-moving events to stay invested? And where are the opportunities in the second half of the year? Dominic Pappalardo is the chief multi-asset strategist for Morningstar Wealth. It's part of registered investment advisor, Morningstar Investment Management. What’s Ahead in 2027 and Beyond for Inflation, Fed Rate Cuts, and More On this episode: 00:00:31 Welcome 00:01:18 Stock market's first six months of 2026 00:01:41 Events driving this year's market highs and lows 00:06:02 Staying invested during drawdowns and volatility 00:10:04 Morningstar's mid-year market outlook 00:12:19 Fixed-income and equity sector opportunities 00:14:55 Investor takeaways for the second half of 2026
Watch more from Morningstar: Dividend Investing: How to Find the Right Balance Between Income and Growth Are Mutual Funds Becoming Obsolete? https://www.morningstar.com/podcasts/investing-insights/are-mutual-funds-becoming-obsolete-2 Brace Your Portfolio for Mega-IPOs https://www.morningstar.com/podcasts/investing-insights/brace-your-portfolio-mega-ipos-2
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| Dividend Investing: How to Find the Right Balance Between Income and Growth | 26 juin 2026 | 00:15:13 | |
There's just something about dividends. The popular investing strategy attracts retirees and other investors who need regular cash payouts, as well as those who like the tangible return dividends represent, even if they are reinvesting those distributions back into their portfolio. But what are the tradeoffs, and are they worth it? It depends on who you ask. From the pages of the Q2 2026 issue of Morningstar Magazine, several specialists argue against chasing higher yield. Instead, they encourage investors to balance dividends and total return. Jerry Kerns, who's the editor in chief, joins Investing Insights to discuss the magazine’s spotlight. Featured Article: Subscribe to Morningstar Magazine On this episode: 00:00:00 Welcome 00:01:35 What dividend investing is and its appeal 00:03:55 Yield chasing trade-offs and dividend cut signals 00:07:47 Why consider buyback yield alongside dividend yield 00:09:44 Dividend stocks Morningstar analysts find attractive 00:10:45 Gold-rated funds and insights into the strategies 00:12:00 How income investors can strike the right balance
Watch more from Morningstar: Are Mutual Funds Becoming Obsolete? https://www.morningstar.com/podcasts/investing-insights/are-mutual-funds-becoming-obsolete-2
Brace Your Portfolio for Mega-IPOs https://www.morningstar.com/podcasts/investing-insights/brace-your-portfolio-mega-ipos-2
The Portfolio That Has Been Beating the Classic 60/40, and Why It Matters for You https://www.morningstar.com/podcasts/investing-insights/portfolio-that-has-been-beating-classic-6040-why-it-matters-you-2
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| Are Mutual Funds Becoming Obsolete? | 19 juin 2026 | 00:19:02 | |
Bryan Armour, Morningstar’s director of ETF and passive strategies research for North America, and Dan Sotiroff, Morningstar’s associate director of US passive strategies research, explain why ETFs and collective investment trusts or CITs are challenging mutual funds. How Active ETFs Are Reshaping Fund Fees
On this episode: 00:00:00 Welcome 00:01:30 How ETFs and mutual funds are alike and different 00:03:34 What investors prefer now 00:06:10 Cases when owning a mutual fund instead of an ETF could be beneficial 00:09:58 Are ETFs still synonymous with passive investing? 00:12:33 Notable names behind the active ETF launches 00:14:58 Are mutual funds an endangered species?
Watch more from Morningstar: Brace Your Portfolio for Mega-IPOs The Portfolio That Has Been Beating the Classic 60/40, and Why It Matters for You The Best Opportunities for Fund Investors Today
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| Brace Your Portfolio for Mega-IPOs | 12 juin 2026 | 00:13:30 | |
2026 is the year of the mega-IPO. SpaceX, Anthropic, and OpenAI are working their way through the pipeline as anticipation builds for their blockbuster debuts. Elon Musk’s conglomerate is leading the shift from private to public markets. Demand is appearing to skyrocket to buy the companies the moment their stocks are publicly available. But is that the right move if you’re investing for the long term? Or are there better opportunities among stocks that are down on fears of AI competition, such as software as a service, or SaaS, stocks? These big private firms’ public arrivals will also affect index funds and 401(k)s.
So what should you make of all this? Paul Condra is the global head of private markets research for PitchBook, a Morningstar company. He and his colleagues are presenting this topic at the upcoming Morningstar Investment Conference in Chicago.
Why We Think the SpaceX IPO Is Overvalued
On this episode: 00:00:00 Welcome 00:01:46 Why SpaceX, Anthropic, and OpenAI Are Going Public Now 00:03:10 Why Morningstar Values SpaceX at Half the IPO Price 00:04:34 How Retail Investors Should Approach Buying SpaceX Stock 00:05:56Anthropic's IPO and Its Trillion-Dollar Valuation 00:07:12 OpenAI's Broken Economics and IPO Prospects 00:08:47 New Index Rules and What They Mean for Your 401(k)
Watch more from Morningstar: The Portfolio That Has Been Beating the Classic 60/40, and Why It Matters for You The Best Opportunities for Fund Investors Today https://www.morningstar.com/funds/best-opportunities-fund-investors-today Will Vacation Inflation Affect Your Summer Travel? Here’s What to Know https://www.morningstar.com/stocks/will-vacation-inflation-affect-your-summer-travel-heres-what-know
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| The Portfolio That Has Been Beating the Classic 60/40, and Why It Matters for You | 05 juin 2026 | 00:13:29 | |
Don't underestimate the benefits of portfolio diversification. A well-diversified portfolio can ride waves of market volatility, and new Morningstar research found that's what happened in 2025. When uncertainty emerged at times during the generally bullish market, the report identifies which asset classes performed well, which didn't, and how the classic 60/40 portfolio fared. So, what are the biggest challenges for portfolio diversification today? Amy Arnott is one of the co-authors of the 2026 Diversification Landscape Report. Why Portfolio Diversification Has Paid Off—but More Isn’t Always Better
On this episode: 00:00:00 Welcome 00:01:19 Market trends shaping investor sentiment in 2026 00:02:27 Leading and lagging asset classes year to date 00:03:15 Inside Morningstar's 2026 Diversification Landscape Report 00:04:11 60/40 vs. diversified test portfolio and how each performed 00:07:38 Rising inflation and what it means for bonds 00:10:48 How retirees and risk-averse investors can manage volatility
Watch more from Morningstar: The Best Opportunities for Fund Investors Today Will Vacation Inflation Affect Your Summer Travel? Here’s What to Know Bond ETF Flows Just Flipped. Here’s What It Means for You
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| The Best Opportunities for Fund Investors Today | 29 mai 2026 | 00:11:02 | |
Morningstar stamps what it thinks about a fund’s future with this Medalist Rating. You’ve probably seen a star with the word Gold, Silver, or Bronze next to a fund you were researching on Morningstar.com. This represents the fund’s Morningstar Medalist Rating. The manager research team recently reworked and simplified how they judge funds to create a simpler process for investors to understand. The new methodology also brings more transparency and stability. Some funds’ ratings rose, while others fell or held steady. What were the key factors that led to the upgrades and downgrades, and which funds gained or lost status? Morningstar Senior Principal of Ratings Russ Kinnel was in a room where it happened. Russ, who is also the editor of Morningstar FundInvestor, is here to talk about it. How Morningstar’s New Medalist Rating Methodology Affects 11 of America’s Largest Funds On this episode: 00:00:00 Welcome 00:01:33 Why Morningstar refreshed its Medalist Rating methodology 00:02:43 How the new criteria evaluate active and passive funds 00:03:07 Rating changes across fund categories and equity style boxes 00:04:09 Fidelity Contrafund, Pimco Income, and Vanguard Total Stock Market Index reviewed 00:06:25 Upgrades for target date, bank loan, and allocation funds 00:08:44 High fees trigger downgrades for some funds Watch more from Morningstar: Will Vacation Inflation Affect Your Summer Travel? Here’s What to Know https://www.morningstar.com/stocks/will-vacation-inflation-affect-your-summer-travel-heres-what-know Bond ETF Flows Just Flipped. Here’s What It Means for You https://www.morningstar.com/bonds/bond-etf-flows-just-flipped-heres-what-it-means-you How Big Tech’s Bond Spree and Rising US Debt Are Creating Risks and Opportunities
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| Will Vacation Inflation Affect Your Summer Travel? Here’s What to Know | 22 mai 2026 | 00:12:25 | |
Macroeconomic conditions are squeezing US airlines and travelers just in time for the summer travel season. Higher fuel costs due to the conflict in the Middle East are pushing up ticket prices. The latest Consumer Price Index report showed fares rose by about 3% in April. Meanwhile, choices for cheap seats decreased when Spirit Airlines went out of business in May. The ultra low-cost carrier blamed soaring energy prices. What does this uptick in energy inflation mean for airlines’ profits and travelers’ wallets? Nic Owens is an equity analyst for Morningstar and covers the North American airlines. April CPI Report Shows Inflation Broadening As Energy Spike Impact Spreads On this episode: 00:00:00 Welcome 00:01:21 Energy prices and airline profit outlooks 00:02:40 How this summer's travel demand stacks up 00:04:01 Which Big Four airlines are most and least vulnerable 00:05:44 Who will compete for Spirit's former customers 00:07:00 Tips for travelers 00:08:51 What Morningstar’s analyst thinks about airline stocks Watch more from Morningstar: Bond ETF Flows Just Flipped. Here's What It Means for You How Big Tech's Bond Spree and Rising US Debt Are Creating Risks and Opportunities 10 Exceptional Stocks With Double-Digit Dividend Raises
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| Bond ETF Flows Just Flipped. Here's What It Means for You | 15 mai 2026 | 00:15:58 | |
ltrashort bond funds are experiencing highs and lows this year.
They racked up a record $24 billion monthly inflow in March. But their fortunes reversed in April. Investors yanked out $1.6 billion. It was the biggest monthly outflow for the category in about two years. Ultrashort bond funds and similar fixed-income investments attract investors seeking a safe haven. They also generate cash and help moderate portfolio risks. So why are investors leaving now? What should you know before adding them to your portfolio?
Morningstar’s ETFInvestor newsletter editor Dan Sotiroff is here to answer that. And the associate director of US passive strategies research will reveal which shorter-term bond ETFs have high ratings from Morningstar.
Subscribe to Morningstar Investor Newsletters https://newsletters.morningstar.com/
On this episode: 00:00:00 Welcome 00:01:33 Three types of shorter-term bonds explained 00:03:54 Comparison to money market funds and CDs 00:07:05 Why investor poured into funds before reversing course 00:08:34 Who else are these suited for beyond income investors 00:11:11 Top-rated ultrashort and short-term bond ETFs 00:13:22 Top-rated short-term government bond ETFs 00:14:09 Takeaway for income investors
Watch more from Morningstar: How Big Tech’s Bond Spree and Rising US Debt Are Creating Risks and Opportunities 10 Exceptional Stocks With Double-Digit Dividend Raises Investors May Be Ignoring Big Market Disruptions. Is There Risk to the Rebuff?
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| How Big Tech's Bond Spree and Rising US Debt Are Creating Risks and Opportunities | 08 mai 2026 | 00:16:11 | |
Is a global debt emergency on the horizon?
Big Tech’s bond-issuing spree is helping to pay for its massive artificial intelligence buildout. And it’s not expected to slow down this year. Meanwhile, the US federal deficit has swelled to about $39 trillion, according to the US Treasury Department. That’s raising red flags about the potential impact on the Treasuries market. Government and corporate debt are growing but for different reasons. How should investors think about it?
Dominic Pappalardo is the chief multi-asset strategist for Morningstar Wealth. It’s part of registered investment advisor, Morningstar Investment Management.
Why Bonds Still Have Long-Term Appeal Despite Recent Wobbles
On this episode: 00:00:00 Welcome 00:01:29 Big Tech's AI bond-issuing spree explained 00:03:51 What's driving the US federal deficit higher 00:06:04 Calls to prepare for a bond market emergency 00:07:38 Government vs. corporate debt key differences 00:08:45 Potential risks lurking in today's bond market 00:10:33 Bond portfolio opportunities and investor takeaways Watch more from Morningstar: 10 Exceptional Stocks With Double-Digit Dividend Raises Investors May Be Ignoring Big Market Disruptions. Is There Risk to the Rebuff? Vanguard Wrote the Playbook for Success. Now, It Must Evolve to Stay on Top
Follow Morningstar on social: Facebook https://www.facebook.com/MorningstarInc/ X https://x.com/MorningstarInc Instagram https://www.instagram.com/morningstarinc/?hl=en LinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. | |||
| 10 Exceptional Stocks With Double-Digit Dividend Raises | 01 mai 2026 | 00:13:34 | |
A rare group of dividend-paying stocks are standing out for their exceptional qualities. They’ve racked up five straight years of dividend growth of 10% or more. And they’ve passed several rigorous checks. Morningstar’s DividendInvestor newsletter editor David Harrell dug into the data to identify this year’s class of Dividend Growers. Subscribe to Morningstar’s DividendInvestor newsletter. On this episode: 00:00:00 Welcome 00:01:08 Dividend Growers qualifications and key caveats 00:03:17 How the 2026 Dividend Growers list changed from last year 00:04:11 Meet the three newcomers: Intuit, Motorola Solutions, and TJX 00:05:43 Near-miss stocks and why the group’s average yields run higher 00:08:19 Who dividend growth stocks suit 00:11:13 Which 2026 Dividend Growers look undervalued now
Watch more from Morningstar: Investors May Be Ignoring Big Market Disruptions. Is There Risk to the Rebuff? Vanguard Wrote the Playbook for Success. Now, It Must Evolve to Stay on Top Vanguard Is Entering a New Era. Can It Keep Winning for Another 50 Years? Follow Morningstar on social: Facebook https://www.facebook.com/MorningstarInc/ X https://x.com/MorningstarInc Instagram https://www.instagram.com/morningstarinc/?hl=en LinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. | |||
| Investors May Be Ignoring Big Market Disruptions. Is There Risk to the Rebuff? | 24 avr. 2026 | 00:16:34 | |
What’s fueling Wall Street’s optimism? While geopolitical tensions between the US and Iran are dominating headlines, US stocks recently hit an all-time high. The global oil shock is just one major disruption to rattle investors before receding this year. The enthusiasm for the artificial intelligence boom also waned in early 2026. So, what should investors make of the market’s fluctuating mood? Tom Lauricella is the global markets editor for Morningstar Inc. and the editor of Smart Investor newsletter. What War? US Stocks Hit Record Highs
On this episode: 00:00:00 Welcome 00:01:20 Markets’ Response to the Iran War 00:02:40 Why Stocks Hit Record Highs Despite the Oil Shock 00:04:50 Earnings Season and Investor Sentiment 00:05:49 Big Tech Crosswinds and the Bond Market 00:09:04 Concerns About Private Credit Markets 00:11:07 Inflation, the Fed, and Leadership Transition
Watch more from Morningstar: Vanguard Wrote the Playbook for Success. Now, It Must Evolve to Stay on Top Vanguard Is Entering a New Era. Can It Keep Winning for Another 50 Years? These 8 Funds Could Help Steady Portfolios During Rough Markets
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| Vanguard Wrote the Playbook for Success. Now, It Must Evolve to Stay on Top | 17 avr. 2026 | 00:22:13 | |
Vanguard redefined investor-first for the better, and it’s aiming to maintain that reputation. Vanguard revolutionized passive investing when it created the first retail index fund. The behemoth asset manager continues to attract swells of everyday investors and money with headline-making fee cuts that put pressure on rivals to follow suit. But Vanguard is also seeking to develop an edge in new areas. It’s going full force on active bond ETFs, for example, and creating a target-date trust series to provide retirees the security of a predictable income. This week’s episode is the second of a two-part series examining what’s going on with Vanguard in 2026. Dan Sotiroff, associate director of US passive strategies research for Morningstar, covers Vanguard. Vanguard Is Entering a New Era. Can It Keep Winning for Another 50 Years? On this episode: 00:00:00 Welcome 00:01:40 Vanguard's Growth: Challenges of Doubling Its Client Base 00:03:28 Vanguard's Evolving Leadership 00:06:15 Fund Fee Cuts and Revenue Impact 00:10:17 Target-Date Fund Series With TIAA to Offer Guaranteed Income 00:12:04 Combining Public and Private Assets in Multi-Asset Investments With Wellington and Blackstone 00:14:39 Active Fixed-Income Push and Two New High-Yield Bond ETFs 00:19:51 Vanguard's Top Priorities for 2026
Watch more from Morningstar: Vanguard Is Entering a New Era. Can It Keep Winning for Another 50 Years? Why Bond Funds Benefit from Active Management
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| Vanguard Is Entering a New Era. Can It Keep Winning for Another 50 Years? | 10 avr. 2026 | 00:16:08 | |
Will Vanguard’s next 50 years live up to its first half century? The popular investment firm counts millions of everyday investors among its clients. Vanguard CEO Salim Ramji joined the firm from its rival, BlackRock. Ramji is influencing Vanguard’s direction while keeping the overall mission intact. But the company continues to evolve under the new leadership, with a greater emphasis on advice and the launch of new funds. This episode is the first of a two-part series examining what’s going on with Vanguard in 2026. Dan Sotiroff, Vanguard analyst and the associate director of US passive strategies research for Morningstar, joined Investing Insights. Vanguard Investors Cleaned Up https://www.morningstar.com/funds/vanguard-investors-cleaned-up On this episode:
00:00:00 Welcome 00:01:28 Vanguard’s New Era Under CEO Salim Ramji 00:02:56 Vanguard Splits Into Two Investment Advisors 00:07:17 Analyst’s Thoughts on the Firm’s SEC Scrutiny and Fine 00:10:03 Seeking ETF Share Class Approval for Active Funds 00:12:01 New Active Equity ETFs and Coverage Outlook
Watch more from Morningstar: These 8 Funds Could Help Steady Portfolios During Rough Markets Why Bond Funds Benefit from Active Management These Top Tech Stocks Can Stand Up to AI Risks
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| These 8 Funds Could Help Steady Portfolios During Rough Markets | 03 avr. 2026 | 00:10:38 | |
Too many funds and stocks in a portfolio can create clutter and make rebalancing time-consuming. Allocation funds such as balanced funds can make it easier to stay diversified and invested during market volatility. That’s because these funds automatically rebalance, moderating big gains and losses. And the funds can provide exposure to more than one security type and market. Russ Kinnel, senior principal of ratings for Morningstar and editor of Morningstar FundInvestor newsletter, discusses his list of the best balanced and allocation funds. Subscribe to Morningstar FundInvestor newsletter. On this episode: 00:00:00 Welcome 00:00:48 Balanced funds and market volatility 00:01:18 Who allocation funds are designed for 00:03:30 Foreign exposure in Vanguard Global Wellesley Income fund 00:04:40 Dividend income focus at Vanguard Global Wellington and American Funds Capital Income Builder funds 00:05:22 Inflation‑protection strategies in Pimco and T. Rowe Price funds 00:07:45 Key takeaways on balanced and allocation funds
Watch more from Morningstar: Why Bond Funds Benefit from Active Management These Top Tech Stocks Can Stand Up to AI Risks 2 Cautionary Tales from Private Equity and Private Credit Markets
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| Why Bond Funds Benefit from Active Management | 27 mars 2026 | 00:15:42 | |
Active management can still win in the bond market. Opportunities abound for active managers to best their passive peers and benchmarks. And here’s why: they have access to tools, asset classes, and flexibility that their competition does not. Right now, the bond market is ripe for them to succeed. A deep dive in Morningstar Magazine’s first quarter 2026 issue makes the case why everyday investors should consider adding active bond funds to their portfolio. Eric Jacobson, senior principal of fixed-income strategies for Morningstar, and Maciej Kowara, principal of fixed income strategies for Morningstar, co-authored the article. Subscribe to Morningstar Magazine to read independent investment research for free. On this episode: 00:00:00 Welcome 00:01:33 Why Active Management Still Works in Bonds 00:02:25 Who Trades in the Bond Market 00:03:18 Finding Inefficiencies in Fixed Income 00:04:26 When Passive Bond Funds Can Hurt Investors 00:06:01 How to Spot a Good Active Bond Fund 00:08:10 What Gives Active Managers an Edge
Watch more from Morningstar: These Top Tech Stocks Can Stand Up to AI Risks 2 Cautionary Tales from Private Equity and Private Credit Markets Are You Ready for Tax Day? Here’s What You Need to Know Before You File
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| These Top Tech Stocks Can Stand Up to AI Risks | 20 mars 2026 | 00:19:17 | |
The stock market has cooled on stocks caught up in the whirlwind of artificial intelligence. Fears over whether AI will disrupt a variety of sectors have triggered big sell-offs. Morningstar equity analysts have investigated 132 companies to determine whether that’s the case. They have concluded that AI is not a universal destroyer. The team thinks investors should sort through the wreckage and find newly cheap companies with enduring competitive advantages. Eric Compton, director of equity research for the technology sector at Morningstar, tells you where to look. Moat Ratings Guidebook Amid AI Disruption On this episode: 00:00:00 Welcome 00:01:28 What are Moats, and How Does Morningstar Use Them? 00:04:11 In-Depth Analyst Review of 132 Companies 00:06:27 Why Cybersecurity Holds Up 00:10:02 Why Design Software Looks Resilient 00:13:10 How Financial Data Benefits From AI 00:15:32 Finding Opportunity After AI Selloffs
Watch more from Morningstar: 2 Cautionary Tales from Private Equity and Private Credit Markets Are You Ready for Tax Day? Here’s What You Need to Know Before You File Avoid This IRA Distribution Error to Protect Your Retirement Cash
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| 2 Cautionary Tales from Private Equity and Private Credit Markets | 13 mars 2026 | 00:24:50 | |
Two high-profile cases in the public/private markets are testing boundaries and investors. According to publicly available information, ERShares Private-Public Crossover ETF’s XOVR stake in illiquid holdings, including SpaceX, has apparently exceeded the SEC’s 15% threshold set forth in SEC Rule 22e-4. Morningstar refers readers to the text of the rule to understand the implications of this development. But first, let’s start with ERShares’ saga. Morningstar’s Managing Director of Manager Research Jeff Ptak has been tracking the firm and its crossover fund. Lessons From a Private Markets Bust: Why This ETF’s Investors Missed Out on SpaceX Gains Subscribe to the Public Meets Private newsletter. On this episode: 00:00:00 Welcome [This part of the episode includes a clarification: According to publicly available information, ERShares Private-Public Crossover ETF’s XOVR stake in illiquid holdings, including SpaceX, has apparently exceeded the SEC’s 15% threshold set forth in SEC Rule 22e-4. Morningstar refers readers to the text of the rule to understand the implications of this development.] 00:01:24 How XOVR ETF Differs From Typical ETFs 00:02:11 XOVR ETF Performance Versus Broader Stock Market 00:02:48 Why XOVR’s SpaceX Stake Swung Sharply 00:09:56 Blue Owl Capital’s Origins and Current Problems 00:13:25 Who Invests in Blue Owl’s Direct Lending Funds 00:18:09 Investor Lessons From Blue Owl’s Redemption Halt Watch more from Morningstar: Are You Ready for Tax Day? Here’s What You Need to Know Before You File Avoid This IRA Distribution Error to Protect Your Retirement Cash Elevate Your 60/40 Portfolio With These Simple Tweaks
Follow Morningstar on social: Facebook https://www.facebook.com/MorningstarInc/ X https://x.com/MorningstarInc Instagram https://www.instagram.com/morningstarinc/?hl=en LinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. | |||
| Are You Ready for Tax Day? Here’s What You Need to Know Before You File | 06 mars 2026 | 00:14:40 | |
Tax day is quickly approaching, and it’s time to get organized. New tax rules might make it worth your while to itemize rather than take the standard deduction this year. And don’t just file away your 1099 forms—they can offer valuable insight into your portfolio’s tax efficiency. Christine Benz, Morningstar’s director of personal finance and retirement planning, discusses what you need to consider before, and after, you file. Morningstar’s Tax-Planning and IRA Resources for 2026 On this episode: 00:00:00 Welcome 00:01:15 The "Procrastination Penalty" of Last-Minute IRA and HSA Contributions 00:02:35 How to Decide Whether to Itemize or Claim the Standard Deduction 00:04:18 Tips for Itemizing 00:05:37 Other Deductions You May Qualify For 00:07:45 Insights from Your 1099 Forms: Dividends 00:10:40 Insights from Your 1099 Forms: Capital Gains 00:09:39 Insights from Your 1099 Forms: Tax-Exempt Interest 00:12:35 How to Avoid Overpaying Your Taxes
Watch more from Morningstar: Avoid This IRA Distribution Error to Protect Your Retirement Cash Elevate Your 60/40 Portfolio With These Simple Tweaks Why REIT ETFs Still Work as Real Estate Slumps
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| Avoid This IRA Distribution Error to Protect Your Retirement Cash | 27 févr. 2026 | 00:18:05 | |
A distribution from your traditional IRA could cost you if you’re not aware of your responsibilities. Many investors are saving up for their retirement in workplace accounts like 401(k)s. Those administrators handle tasks that IRA custodians don’t. And it’s up to you to take charge and keep track of your hard-earned money, so you’re not taxed twice. Denise Appleby is known as “The IRA Whisperer.” The Morningstar contributor has written about how to protect your IRA from costly mistakes. Don’t Pay Taxes Twice: Here’s How to Save Thousands on IRA Distributions https://www.morningstar.com/personal-finance/dont-pay-taxes-twice-heres-how-save-thousands-ira-distributions On this episode: 00:00:00 Welcome 00:01:28 What is a Traditional IRA and How It’s Funded 00:02:29 How IRA Withdrawals Are Taxed When Accounts Hold Taxable and Tax-Free Dollars 00:05:36 What IRA Custodians Don’t Track and Why Investors Should 00:09:05 What to Check on Form 1099‑R and Why Form 8606 Matters 00:12:02 How to Fix IRA Mistakes 00:13:44 What Records to Keep Track of to Avoid Double Taxation
Watch more from Morningstar: Elevate Your 60/40 Portfolio With These Simple Tweaks Why REIT ETFs Still Work as Real Estate Slumps How to Make the Most of Your IRA in 2026
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| Elevate Your 60/40 Portfolio With These Simple Tweaks | 20 févr. 2026 | 00:11:13 | |
The 60/40 portfolio has proven it’s here to stay, but it can benefit from a refresh like other classics. The total portfolio approach refines the 60/40. It takes a closer look at the components of the plain-vanilla portfolio and considers how risky they are. The goal is to help investors stay disciplined as market conditions change for the better or worse. Jason Kephart has written about the total portfolio approach. He’s a senior principal of multi-asset manager research for Morningstar. How a Total Portfolio Approach Can Improve the 60/40 Portfolio Morningstar’s Tax-Planning and IRA Resources for 2026 On this episode: 00:00:00 Welcome 00:01:20 Total Portfolio Approach vs 60/40 Portfolio 00:01:52 How Growth and Stability Work 00:03:30 Why High-Yield Bonds Wouldn’t Go into Stability 00:04:30 Stocks That Might Be Better Suited for Stability than Growth 00:06:52 Challenges of the Total Portfolio Approach 00:08:49 How Investors Can Use This Strategy Watch more from Morningstar: Why REIT ETFs Still Work as Real Estate Slumps How to Make the Most of Your IRA in 2026 3 Winners and 3 Losers from Emerging-Market Funds’ Big Rally
Follow Morningstar on social: Facebook https://www.facebook.com/MorningstarInc/ X https://x.com/MorningstarInc Instagram https://www.instagram.com/morningstarinc/?hl=en LinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. | |||
| Why REIT ETFs Still Work as Real Estate Slumps | 13 févr. 2026 | 00:15:39 | |
The struggle of brick-and-mortar real estate has extended into investment portfolios. Elevated inflation and high interest rates have weighed on the real estate sector over the past few years. Real estate investment trusts or REIT ETFs have not been spared. Yet these exchange-traded funds are popular among income investors. They generate cash and can help diversify a portfolio. So, where do they fit in yours? And which REIT ETFs do Morningstar analysts consider top picks? Dan Sotiroff is the associate director of US Passive Strategies for Morningstar. Dan is also the editor of Morningstar’s ETFInvestor newsletter. Subscribe to Morningstar’s ETFInvestor newsletter. https://newsletters.morningstar.com/ On this episode: 00:00:00 Welcome 00:01:26 Basics of REIT ETFs 00:04:34 Active vs. Passive REIT ETFs 00:06:03 REIT ETFs’ Performance vs US Stock Market 00:09:20 Cutting the Tax Bill on REIT ETF income 00:10:06 Top REIT ETFs From Vanguard & Schwab 00:13:48 Key Takeaways for Income Investors
Watch more from Morningstar: How to Make the Most of Your IRA in 2026 3 Winners and 3 Losers from Emerging-Market Funds’ Big Rally How New Retirees Can Spend More Without Risking Their Savings
Follow Morningstar on social: Facebook https://www.facebook.com/MorningstarInc/ X https://x.com/MorningstarInc Instagram https://www.instagram.com/morningstarinc/?hl=en LinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. | |||
| How to Make the Most of Your IRA in 2026 | 06 févr. 2026 | 00:19:52 | |
Thanks to its tax benefits, your IRA can be a powerful tool to optimize your portfolio. Investment firms often see a big influx of new contributions into individual retirement accounts in the early part of each year as investors rush to meet the April 15 deadline. If you’re one of the many investors adding new funds to your IRA, Morningstar’s director of personal finance and retirement planning Christine Benz has some ideas on how to make the most of those contributions and improve your portfolio in the process. How to Get the Most Out of Your IRA Contributions On this episode:
00:00:00 Welcome 00:01:16 2026 IRA Contribution Limits 00:01:45 How to Decide Between a Traditional and Roth IRA 00:03:52 Stock Investing Mistakes to Avoid With Your IRA 00:05:20 How to Invest Your IRA When You're Early in Your Career 00:08:13 How to Assess Your IRA in the Middle of Your Earning Years 00:10:23 The Advantages of Non-US Stocks and How to Diversify Your IRA 00:14:30 How to Derisk Your Portfolio as You Approach Retirement 00:16:47 Rebalancing Your IRA Without Tax Consequences 00:17:48 Is it ever too late to Contribute to Your IRA?
Watch more from Morningstar: 3 Winners and 3 Losers from Emerging-Market Funds’ Big Rally How New Retirees Can Spend More Without Risking Their Savings Beyond AI: Are Quantum Stocks the Next Big Thing in Tech Investing?
Follow Morningstar on social: Facebook https://www.facebook.com/MorningstarInc/ X https://x.com/MorningstarInc Instagram https://www.instagram.com/morningstarinc/?hl=en LinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Editor's note: An earlier version of this episode published with the wrong episode name and description. Both have been updated.
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| 3 Winners and 3 Losers from Emerging-Market Funds’ Big Rally | 30 janv. 2026 | 00:15:45 | |
merging-market funds will have a tough act to follow in 2026. The category racked up big gains last year following small returns for years. And a mix of factors like trade tensions prompted many investors to shift their dollars outside the US. Should you add emerging-market funds to your portfolio? And which ones were winners or losers? Morningstar’s senior principal of ratings Russ Kinnel dug into the data. The editor of the FundInvestor newsletter is here to tell you want he found. Subscribe to Morningstar’s FundInvestor newsletter. On this episode: 00:00:00 Welcome 00:01:20 Why Emerging‑Market Funds Surged After Years of Sluggish Returns 00:02:29 Market Shifts of Leadership in Asia 00:03:36 2025’s Winning Emerging-Market Funds 00:05:08 2025’s Losing Emerging-Market Funds 00:09:34 What’s Next for Emerging‑Market Funds in 2026? 00:10:21 How Fidelity Contrafund’s Will Danoff Built a Successful Stock-Picking Record 00:13:38 What Everyday Investors Can Learn from Danoff
Watch more from Morningstar: How New Retirees Can Spend More Without Risking Their Savings Beyond AI: Are Quantum Stocks the Next Big Thing in Tech Investing? How to Generate Steady Income in 2026
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| How New Retirees Can Spend More Without Risking Their Savings | 23 janv. 2026 | 00:23:54 | |
If you’re newly retired or will join the ranks soon, it’s time to think about how you plan to spend your nest egg. Morningstar researchers are helping new retirees figure out where to begin. The recently published State of Retirement Income report concluded that the starting safe withdrawal rate for people beginning their retirement in 2026 is 3.9%. That number might appear low. However, the team has analyzed several strategies to lift it to almost 6%. Morningstar portfolio strategist Amy Arnott has investigated the data and joined the podcast to explain flexible withdrawal strategies. How Much Can You Spend in Retirement? Here’s Your Starting Safe Withdrawal Rate for 2026 https://apple.news/ALEEtAf1FTAm7WUFGvYvXVQ On this episode: 00:00:00 Welcome 00:01:26 Understanding the 3.9% Safe Withdrawal Rate 00:02:33 How Flexible Strategies Lift Withdrawal Rates Up to 5.7% 00:03:48 Flexible Approaches for Retirees Seeking Predictable Paycheck-like Income 00:05:40 Inside the Vanguard Dynamic Spending Method 00:07:15 Highest Lifetime Spending & Highest Starting Safe Withdrawal Rate 00:09:20 Leaving a Legacy and Strengthening Your Portfolio 00:14:30 4 Financial To-Dos to Kick Off the New Year
Watch more from Morningstar: Beyond AI: Are Quantum Stocks the Next Big Thing in Tech Investing? How to Generate Steady Income in 2026 All in on Magnificent 7? Where You Should Invest Next
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| Beyond AI: Are Quantum Stocks the Next Big Thing in Tech Investing? | 16 janv. 2026 | 00:31:00 | |
Quantum computing stocks have surged in popularity over the past year, capturing investors’ enthusiasm on the coattails of the artificial intelligence boom. These buzzy names took off last summer after a slew of announcements and research breakthroughs from the biggest players in the tech industry like Alphabet GOOGL/GOOG, Amazon AMZN and Microsoft MSFT. Quantum computing promises to be one of the most transformative technological developments of the next few decades, but Morningstar’s analysts caution that mainstream market adoption could be a long away. Dan Romanoff, a senior equity research analyst on the technology team at Morningstar, discusses new developments in the quantum computing landscape and the best way for investors to get exposure in their portfolios now. Quantum Computing Market Insights On this episode: 00:00:00 Welcome 00:01:28 What Is Quantum Computing? 00:04:37 Why Are Computing Stocks Attracting Investors? 00:12:45 Quantum Technology Isn’t Yet Ready for the Mainstream 00:18:19Quantum Could Represent a $200 Billion Market 00:22:48Winners and Losers in Quantum Computing Stocks 00:25:28How To Invest in Quantum Computing Now
Watch more from Morningstar: How to Generate Steady Income in 2026 All in on Magnificent 7? Where You Should Invest Next 9 Top ETFs for Income Investors That Stood Out in 2025
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| How to Generate Steady Income in 2026 | 09 janv. 2026 | 00:19:18 | |
Higher interest rates have ushered in an era where income opportunities abound. That’s following years of parched cash flow streams and low rates, especially in fixed income. However, risks like stubborn inflation and elevated stock valuations exist. Morningstar researchers believe it’s important to identify income opportunities that could be resilient in today’s market. Dominic Pappalardo, chief multi-asset strategist for Morningstar Wealth, joined Investing Insights to discuss where to look. Editor's note: The host misspoke when referring to Morningstar Holland’s chief European market strategist. His name is Michael Field. Income Investing Strategies for 2026: Maximizing Yield in an Uncertain Market On this episode: 00:00:00 Welcome 00:01:33 Income investing in 2026 00:04:02 Bond market breakdown: short, intermediate, or long term? 00:07:39 Global bonds and hedging strategies 00:13:27 Equity Opportunities Beyond the US 00:15:31 REITs vs Utilities 00:17:14 Building Resilient Income Streams
Watch more from Morningstar: All in on Magnificent 7? Where You Should Invest Next 9 Top ETFs for Income Investors That Stood Out in 2025 Where to Invest in 2026 After This Year’s Market Volatility
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| The Market Is All in on the Magnificent Seven. Where Should Investors Look Next? | 02 janv. 2026 | 00:09:20 | |
Is your portfolio making a big bet on the Magnificent Seven? Mega-cap names like Nvidia, Alphabet, and Apple belong to the exclusive club that has largely driven US returns higher in recent years. Their success has led to market concentration. Portfolios tracking broad benchmarks have seen their diversification decrease and risk increase. How can you prepare your portfolio to absorb potential shocks? And where are the opportunities beyond the Mag Seven? Morningstar Holland’s Chief European Market Strategist Michael Field is one of the researchers who investigated this. Beyond the Magnificent Seven: Unlocking Value in a Concentrated Stock Market On this episode: 00:00:00 Welcome 00:01:49 The Magnificent Seven’s strong returns have benefited many investors. Why is their dominance a risk? 00:02:07 Your team highlighted a noteworthy stat in the report. The top 10 US stocks make up about 35% of the overall market. That’s almost double from a decade ago. What does that signal to you? 00:02:39 Can you explain what the hidden cost of market concentration is? 00:03:07 If the top stocks hold so much of the gains, where does that leave the rest of the market? 00:03:41 Let’s focus on key periods of market concentration. How does the current environment compare to the dot-com bubble? 00:04:11 And what about now versus the global financial crisis? 00:04:40 What if investors pulled back due to market concentration concerns in the last decade? Why would that have backfired? 00:05:51 How can investors manage the risk of market concentration in their portfolios? 00:05:50 Morningstar has identified investment opportunities for 2026. Why does the team favor US small caps over US large caps? 00:06:59 Another opportunity is the healthcare sector. What companies do Morningstar analysts think could fend off the competition for 10 years or more? 00:07:35 Morningstar encourages international diversification. Can you talk about the regions outside the US that look attractive for stock investors? 00:08:03 What’s the takeaway for diversifying beyond the Magnificent Seven in 2026?
Watch more from Morningstar: Where to Invest in 2026 After This Year’s Market Volatility Why Betting Against Nvidia in the AI Arms Race Could Be a Mistake
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| 9 Top ETFs for Income Investors That Stood Out in 2025 | 26 déc. 2025 | 00:23:03 | |
This week, we’re looking back at three discussions we held earlier this year on Investing Insights about exchange-traded funds that income investors might find attractive. Morningstar ETF specialists, Bryan Armour and Dan Sotiroff, talked about dividend, bond, and covered-call ETFs in 2025. Subscribe to Morningstar’s ETFInvestor Newsletter. On this episode: 00:00:00 Welcome 00:01:33 Dividend investing can result in exposure to factors like value, quality, and low volatility. Can you briefly explain one, what is factor investing, and then where do dividend ETFs typically land? 00:03:21 How do you find a dividend ETF that provides the optimal, or just rightamount, of factor exposure? And what should appear on our checklist? 00:04:40 Four dividend ETFs hold Morningstar’s Medalist Rating of Gold. Let’s start with the two dividend growth ETFs from Vanguard that hold these marks. 00:05:17 Explain why Vanguard’s top dividend income strategy also impressed Morningstar analysts. 00:06:07 The final and fourth Gold-rated dividend ETF mixes both income and growth strategies. Talk about the one from Schwab.Bond ETFs are having a banner year. Why are investors turning to these investments? 00:09:01 What makes a core bond ETF a solid portfolio building block? 00:10:02What’s the top idea that’s received high marks from Morningstar? 00:11:39We’re shifting from the least risky to the next level up, core-plus. What do these bond ETFs typically offer that an index-tracking ETF does not? 00:11:21 Can you tell us one intermediate core-plus bond ETF that’s earned a Gold rating from Morningstar? 00:11:56 Multisector bond ETFs take on a bit more risk than the previous two categories, and that comes with an expectation of more income. Should income investors skip the others and start here? 00:13:11It’stime for the third top idea. What multisector bond ETF should folks consider? 00:13:36 High-yield bond ETFs are the riskiest among the categories we’re discussing today. What additional risks are investors taking on for the juicy yields? 00:14:42 Morningstar does not currently rate any actively managed high-yield bond ETFs. Is there one that income investors should watch? 00:16:41What’s making covered-call ETFs so popular in 2025? 00:17:09 Their yields lookvery high. What is driving them? 00:18:31 What types of trade-offs are investors making? 00:19:51 Which covered-call ETFs do Morningstar analysts consider a solid choice for investors, and why?
Watch more from Morningstar: Why Betting Against Nvidia in the AI Arms Race Could Be a Mistake Here’s What Your Retirement Spending Rate Should Be in 2026
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| Where to Invest in 2026 After This Year’s Market Volatility | 19 déc. 2025 | 00:13:40 | |
Market volatility has left its imprint in 2025. Turbulence from tariffs, tech, and more have shaken investors’ confidence at times. Many folks looked for safety during those down periods. Yet, the US stock market overall has delivered a strong performance. So, who are the leaders and laggards as this year comes closer to wrapping up? And what should you watch with 2026 fast-approaching? Morningstar Indexes strategist and columnist Dan Lefkovitz has examined this year’s investment performance. 5 Investing Surprises From 2025 On this episode: 00:00:00 Welcome 00:02:45 Market volatility ebbed and flowed in 2025. How volatile was the US stock market this year compared to recent years? 00:03:51 What has driven the volatility this year? 00:05:16 During these down periods, where did investors hide or seek safety? 00:06:04 Let’s zoom in on the investment leaders and laggards this year. What areas are outperforming, and which ones are underperforming? 00:06:43 You research the performance of investment factors which can drive risk and return. What has been the leading factor this year, and why? 00:08:32 Leadership changed throughout the year. What caused those changes? 00:09:33 Q4 will end in a few weeks. What areas should investors watch as we head into 2026? 00:11:22 We’ve discussed market volatility in 2025. What takeaways can we bring with us into the new year?
Watch more from Morningstar: Here’s What Your Retirement Spending Rate Should Be in 2026 How ETFs Help You Cut Your Tax Bill
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| Why Betting Against Nvidia in the AI Arms Race Could Be a Mistake | 12 déc. 2025 | 00:29:29 | |
A shift in mindset can help investors cope with market uncertainty. 2025 was a case study in the futility of trying to predict the market. Wall Street had lofty expectations for stocks entering the year. Then the tariff shock in April rattled the markets and many firms lowered their annual stock forecasts in response. They later raised them—after stock prices rebounded. With the new year on the horizon, Morningstar’s 2026 Global Outlook report is offering investors tactics to weather whatever the future may hold. Morningstar strategists and an analyst will discuss key challenges facing investors in 2026 in our series. Dan Kemp, the chief research and investment officer with Morningstar Investment Management Europe, is one of the major driving forces behind the report. We’re going to dig into research analyzing the AI arms race and its worldwide buildout. A team of Morningstar researchers have investigated the spending and the risks. Morningstar Research Services’ senior equity analyst Brian Colello was part of the effort. Brian also covers Nvidia. He discusses the AI king’s outlook, competition, and stock. AI Arms Race: How Tech’s Capital Surge Will Reshape the Investment Landscape in 2026 On this episode: 00:00:00 Welcome 00:01:48 We typically talk about your Markets Brief column, but today we’re focusing on “Morningstar’s 2026 Global Investment Outlook.” The theme is “preparing for what comes next.” What will investors looking for ways to cope with uncertainty find in this in-depth report? 00:02:35 What makes Morningstar’s outlook different from other companies? 00:03:21You’ve written about how a few ideas from the global investment report resonated with you. What are they, and why? 00:05:01 As we wrap up our conversation, what’s a lesson from 2025 that you want investors to take into 2026? 00:07:13 Big Tech companies are spending hundreds of billions of dollars on the global construction boom. Where’sthe money going, and how does this spending compare to other sectors like energy? 00:08:20 This massive buildout comes with execution and cost risks. What’s at stake if hyperscalers underestimate these challenges? 00:09:54 How is AI affecting sector valuations? How does it compare to the tech bubble in the late 1990s? 00:12:18 Morningstar believes many investors are already heavily exposed to AI due to Big Tech’s size in broad stock indexes. How can folks counteract that? 00:14:31Let’s pivot to the AI industry leader, Nvidia. The chipmaker’s stock took a big hit when DeepSeek arrived in January. Nvidia became the world’s first $5 trillion company in October. What are your thoughts about the year Nvidia is having? 00:17:20 Rival chipmaker Moore Threads recently made its market debut in China. What would it mean for Nvidia if China comes out with more advanced chips? 00:20:12 Interest is growing in Alphabet’s AI chips. Can Nvidia fend off competition from one of its customers? 00:23:30 What is your outlook for Nvidia and other chipmaker stocks? And which do you think is undervalued? 00:26:18What’s the takeaway for investors regarding Nvidia and the AI arms race?
Watch more from Morningstar: How ETFs Help You Cut Your Tax Bill Tax-Loss Harvesting Isn’t Just for Downturns. Here’s Why
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| Here’s What Your Retirement Spending Rate Should Be in 2026 | 05 déc. 2025 | 00:22:30 | |
Most retirees want to spend as much as they can without having to worry about running out of money. Morningstar’s State of Retirement Income research analyzes retirement spending strategies to determine the highest safe starting withdrawal rate for new retirees in 2026. Christine Benz, Morningstar’s director of personal finance and retirement planning and co-host of The Long View podcast, breaks down the research and shares some ideas about how you can boost your retirement spending. What’s a Safe Retirement Withdrawal Rate for 2026? On this episode: 00:00:00 Welcome 00:00:46 Each year, you and your colleagues producethis really comprehensive research about retirement income. And as part of that research, you try toidentify what a safe withdrawal rate will be for the year ahead. 00:01:59 What is that safe withdrawal percentage, and how did you arrive at that conclusion? 00:02:41 The 4% rule often comes up in the conversation around retirement spending. How does that compare to your base case? 00:03:30 I know there are some misperceptions about your retirement income research and what that safe withdrawal percentage means. What are they? 00:03:28 So, how should retirees use this research? 00:04:51 The safe starting withdrawal rate that you found in your base case might feel a little low for some retirees. Are there other strategies that retirees can use to boost their spending? 00:07:02 So, flexible strategies are best suited for retirees that are focused on maximizing their spending. 00:08:52 What kind of retiree would benefit from a more rigid strategy, like the fixed inflation-adjusted spending approach that you use in your base case? 00:09:26 How does asset allocation come into play? Would a stock-heavy portfolio support a higher withdrawal rate in retirement? 00:10:36 So far, we’ve focused on portfolio income strategies, but you also looked at nonportfolio income sources like annuities and Social Security. What did you find? 00:13:34 It seems like there’s some more nuance to the suggestion of delaying Social Security. Can you talk about that? 00:14:50 How about annuities? Can you discuss some of the key considerations that income-centric retirees should bear in mind? 00:16:07 Studies have found that retirees don’t actually spend the same amount over the course of their retirement. What does actual retirement spending tend to look like, and how might that affect a retiree’s plans? 00:17:59Let’s talk about some scenarios that can throw off a retiree’s plan. One might be a market downturn early in retirement. What kind of impact could that have on spending? 00:18:56 Another scenario might be retiring earlier than expected. What kind of implications would that have for safe withdrawals? 00:20:26 What is one final takeaway from the research that you want retirees to come away with?
Watch more from Morningstar: Tax-Loss Harvesting Isn’t Just for Downturns. Here’s Why Bond ETFs Are Surging in Popularity in 2025. Here Are 5 of the Best
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| How ETFs Help You Cut Your Tax Bill | 28 nov. 2025 | 00:15:20 | |
Exchange-traded funds can help you cut your tax bill. All funds must distribute capital gains from the stocks and bonds that they sell throughout the year. The gains can leave you stuck with unwanted taxes. ETFs and mutual funds differ when it comes to tax efficiency. It starts with how the investments are traded and how the transactions are treated. The differences can result in ETF investors owing less than mutual fund investors or nothing at all because ETFs can minimize their capital gain distributions. Bryan Armour, Morningstar’s director of ETF and passive strategies research for North America, explains how ETFs beat mutual funds at the tax game. ETFs vs. Mutual Funds: The Benefits That Really Matter
On this episode: 00:00:00 Welcome 00:01:01 ETFs are more tax-friendly than their mutual fund rivals. Why is that? 00:02:17 How does the way ETFs are traded limit the tax drag that affects mutual funds? 00:03:23 ETF investors will eventually pay a tax bill. Why is it important to control when that happens? 00:04:04We talked about tax drag. What about cash drag? How are ETFs winning here? 00:04:51An ETF’s underlying strategy can sharpen or dull the edge it has over a mutual fund when it comes to capital gains. Which ETF strategies have held the biggest advantage over the past few years? 00:05:40Can you talk about the tax issues involving international stocks when managing gains in an ETF? 00:06:55And what about taxable-bond ETFs versus mutual funds? 00:07:37 Some ETFs do not benefit from tax efficiency. Which investments are those, and why don’t they? 00:08:24High-turnover strategies, where there’s a lot of buying and selling, can result in a big tax bill for investors. What have you found when you compared two momentum strategies? 00:08:58How can outflows leave loyal investors with a big tax bill? 00:09:49Active ETFs’ popularity is soaring. How tax-friendly are these investments versus their passive peers and mutual funds? 00:10:52 Which ETFs belong in taxable accounts and tax-advantaged accounts like an IRA or 401(k) to maximize tax efficiency? 00:11:55What if someone listening or watching just realized they should work on their asset location? What should they do? 00:12:54What’s the takeaway for using ETFs to cut tax bills?
Watch more from Morningstar: Bond ETFs Are Surging in Popularity in 2025. Here Are 5 of the Best Investors Still Need to Mind the Gap in Their Funds’ Returns
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| Tax-Loss Harvesting Isn’t Just for Downturns. Here’s Why | 21 nov. 2025 | 00:15:47 | |
Your portfolio might be due for an end-of-the-year cleanup. The Morningstar US Market Index is up about 15% through mid-November 2025, and overall performance has been strong for years (even after 2022’s down market). That said, some stock sectors have performed significantly better than others, and performance can vary widely even within a sector. That could mean you’relikely holding some winners and some losers. Tax-loss harvesting could help trim your tax bill to save some money. While you’re tuning up your portfolio, it could also be a good opportunity to bring your asset allocation back into balance. Morningstar portfolio strategist Amy Arnott is here to explain how to pull off both strategies. How to Rebalance Your Portfolio in a Lofty Market https://www.morningstar.com/portfolios/how-rebalance-your-portfolio-lofty-market On this episode: 00:11 Welcome 01:03 What is tax-loss harvesting, and how does it work? 01:41 Is a brokerage or retirement account better suited for tax-loss selling? Why? 02:12 The US stock market has experienced solid growth so far in 2025. Do up markets make it harder to spot losses? 02:52 Why is tax-loss harvesting still a good strategy even when times are good? 03:32 Where can investors find losses to offset gains in their portfolio this year? Let’s start with stocks. 04:33 And what about mutual funds and ETFs? 05:17 Can you explain what wash-sale rules are, and how to play by the IRS’ rules? 06:39 What are some other strategic ways to take advantage of the losses? 07:55 In the spirit of tuning up our portfolio, this might be a good time to rebalance. How does that work, and why can it be an emotional challenge sometimes? 09:14 The 60/40 portfolio might need rebalancing. What’s happened over the past decade? 09:43 And what about growth versus value and US versus international stocks? 10:44 What are a few tips on how to restore balance to a portfolio?
12: 48 What is the takeaway for taking this time of year to do tax-loss harvesting and rebalancing?
Watch more from Morningstar: Investors Still Need to Mind the Gap in Their Funds’ Returns The US Dollar Is Weak. Is Your Portfolio at Risk?
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| Bond ETFs Are Surging in Popularity in 2025. Here Are 5 of the Best | 14 nov. 2025 | 00:14:18 | |
Investors are betting big on bond exchange-traded funds. Hundreds of billions of dollars have poured into bond ETFs in the first nine months of 2025. And more of these strategies have hit the market over the past several years. It’s important to remember that some bond ETFs are riskier than others. What should investors consider before tweaking their portfolio? Dan Sotiroff, a senior manager research analyst at Morningstar Research Services and the editor of the Morningstar ETFInvestor newsletter, discusses that and shares five top ideas for income investors. Subscribe to Morningstar ETFInvestor for the full list of highly-rated bond ETFs. 00:00:00 Introduction 00:00:54 Bond ETFs are having a banner year. Why are investors turning to these investments? 00:02:31 Which is getting the bigger slice: passively or actively managed bond ETFs? 00:03:15 What are the four major types of bond ETFs, and how do they differ? 00:04:35 This month’s edition of Morningstar ETFInvestor analyzed more than a dozen bond ETFs. What makes a core bond ETF a solid portfolio building block? 00:05:47 What’s the top idea that’s received high marks from Morningstar? 00:06:27 We’re shifting from the least risky to the next level up, core-plus. What do these bond ETFs typically offer that an index-tracking ETF does not? 00:07:11 Can you tell us one intermediate core-plus bond ETF that’s earned a Gold rating from Morningstar? 00:07:44 Multisector bond ETFs take on a bit more risk than the previous two categories, and that comes with an expectation of more income. Should income investors skip the others and start here? 00:08:59 It’s time for the third top idea. What multisector bond ETF should folks consider? 00:09:25 High-yield bond ETFs are the riskiest among the categories we’re discussing today. What additional risks are investors taking on for the juicy yields? 00:10:30 Morningstar does not currently rate any actively managed high-yield bond ETFs. Is there one that income investors should watch? 00:11:28 What’s the takeaway for folks figuring out if these types of bond ETFs fit in their portfolios? Watch more from Morningstar: The US Dollar Is Weak. Is Your Portfolio at Risk? 2025’s Winners and Losers, from Gold to Small Cap Stocks to the 60/40 Portfolio Follow Morningstar on social: Facebook https://www.facebook.com/MorningstarInc/ X https://x.com/MorningstarInc Instagram https://www.instagram.com/morningstarinc/?hl=en LinkedIn https://www.linkedin.com/company/morningstar/posts/?feedView=all Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. | |||