Markets rallied back into positive territory today, but the real risk-management lesson isn’t the chart—it’s behavior. Lance Roberts & Jon Penn unpack the “WD-40 & Duct Tape” framework: WD-40 reduces emotional friction when headlines and volatility try to lock up decision-making, and duct tape is the discipline that keeps your portfolio plan intact (allocation, diversification, rebalancing rules, time horizon, liquidity).
We also hit real-life planning topics investors ignore until it’s urgent—pre-nups, trusts, board liability, and why you shouldn’t scrimp on estate planning. Because protecting wealth isn’t just about returns—it’s about structure, documents, and decisions made before stress shows up.
0:00 - INTRO
0:19 - Valentine's PSA & Earnings Recaps
4:25 - Markets Rally Back Into Positive Territory
9:21 - Christmas Lights, Roofers, & Racoons
12:31 - Engagements, WD-40, & Duct Tape
18:35 - Investors Getting Emotional w Markets
26:57 - When Should a Pre-Nup Be Used?
31:57 - Will a Trust Protect One's Assets?
39:27 - Don't Scrimp on Estate Planning
42:58 - Can I Get Sued on a Board of Directors?
45:22 - Updating an Estate Plan
Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Jonathan Penn, CFP
Produced by Brent Clanton, Executive Producer
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Watch Today's Full Video on our YouTube Channel:
https://youtube.com/live/EsweZ6GtMvI?feature=share
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Articles Mentioned in Today's Show:
"Speculative Narrative Unwinds"
https://realinvestmentadvice.com/resources/blog/speculative-narrative-unwinds/
"Technology Stocks: Dead Or An Opportunity?"
https://realinvestmentadvice.com/resources/blog/technology-stocks-dead-or-an-opportunity/
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Watch our previous show, "Technology Stocks: Dead… or the Next Opportunity?" here:
https://youtube.com/live/dkvgydsdn-g?feature=share
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The latest installment of our new feature, Before the Bell, "Market Signals Melt-up" is here:
https://youtu.be/U5PtR83h4qs
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https://realinvestmentadvice.com/ria-e-guide-library/
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