1-12-26 Investor Lessons From 2025 for 2026

Markets opened 2026 with early gains, improving breadth, and a rotation toward value—but mixed fundamentals and elevated expectations remain beneath the surface. Lance Roberts reviews key investor lessons from 2025 that matter most as we head into 2026. We review what worked, what failed, and why market narratives once again misled investors. Topics include value versus growth, volatility versus risk, the role of cash, earnings-driven returns, portfolio rebalancing, and why discipline—not prediction—remains the foundation of long-term investing. We also examine the technical backdrop for the S&P 500, key support and resistance levels, inflation and labor market catalysts ahead, and why risk management may matter more than return chasing in 2026. If your objective is to protect capital, reduce portfolio stress, and improve long-term outcomes, these investor lessons are essential. For ongoing market commentary and portfolio strategy, visit RealInvestmentAdvice.com. 0:00 - INTRO 0:19 - Jerome Powell in Hot Water 5:21 - Bracing for Market Volatility 10:05 - Economic Summit Preview 11:45 - Lessons We Should Have Learned in 2025 15:00 - Leave Narratives Behind 18:16 - Volatility is not Risk 21:43 - Cash has Value 26:12 - Earnings Drive Long Term Returns 30:16 - Your Plan Must Survive Stress 33:32 - Losing All Your Capital is a Problem - The Landman Example 38:18 - Thinking Ahead Instead of Looking Behind 41:58 - Earnings Estimates Preview 44:46 - Betting on the Economy Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=OIPCj5xEG0c&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Articles Mentioned in Today's Show: "Investor Lessons From 2025 For 2026" https://realinvestmentadvice.com/resources/blog/market-outlook-for-2026-copy/ "2026 Earnings Outlook: Another Year Of Optimism" https://realinvestmentadvice.com/resources/blog/2026-earnings-outlook-another-year-of-optimism/ ------- Watch our previous show, "Big Beautiful Tax Breaks - 7 Changes for the 2026 Tax Season," here: https://www.youtube.com/watch?v=5dEwx5cGCZw&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell, "Volatility Risk Rising," is here: https://www.youtube.com/watch?v=I9FUNPzVZAg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketVolatility #StockMarketUpdate #RiskManagement #EarningsSeason #InvestingStrategy #InvestorLessons #2026MarketOutlook #RiskManagement #PortfolioStrategy #LongTermInvesting