Episode summary
Two Cents 1/24 - Best Investment in 2025; Boomers Have Less Retirement; College Football & Dentistry
The Dentist Money Show
· · Hosts: Jake, Will, Lauren, Rabih Powell
Summary
The panel argues that 2025 was a year when staying invested mattered more than trying to predict the market. They say nearly every major asset class finished higher, with silver up 144%, gold up 63%, developed market stocks up 35%, emerging markets up 31%, and a globally diversified portfolio up 22%, even though there were sharp swings around tariffs, recession fears, and an AI bubble scare. Their main point is that investors who sold during the volatility risked turning a strong year into a bad one.
They then discuss why boomers may have less retirement savings than millennials, pointing to the shift from pensions to 401(k)s, lower financial education, and the damage from the Great Recession. The panel says boomers had to opt into retirement plans and choose investments themselves just as pensions were disappearing, while younger workers benefit from automatic enrollment, easier investing apps, and a better environment for building long-term savings. They also note that boomers were hit hard during 2008, especially if they sold at the bottom.
The final topic compares dentistry and college football through the rise of private equity. The panel says private equity is now entering college athletics, including a reported $400 million deal involving the University of Utah, and they compare it to DSO rollups in dentistry: money comes in to solve short-term problems, but the long-term tradeoffs can be significant.
Key takeaways
- The panel says 2025 rewarded investors who stayed the course, with a globally diversified portfolio up 22% despite major midyear volatility.
- They argue the best “investment” in 2025 may have been discipline, because selling on tariff panic or other drawdowns could have ruined returns.
- Lauren says boomers faced a harder retirement setup because pensions disappeared just as 401(k)s became the default and financial education was limited.
- The panel says millennials may end up with stronger retirement outcomes because of automatic enrollment, app-based investing, and easier access to savings tools.
- Will says private equity in college football resembles DSOs in dentistry: capital arrives to solve problems, but the long-term consequences may be costly.
Notable quotes
“The answer is everything. Nothing. I guess you could argue that nothing”
“you guys do not get credit enough but I think the best asset class was you know the the clients who listened to them to their advisor's advice to stick throughout and hold for the long period”
“the switch from pensions to 401ks, which I think is really interesting, too, because with pensions, I feel like I never see these”
“boomers stepped into the workforce when pensions were going away and 401ks were being introduced”
“What dentists and college football have in common is that PE has arrived”
How the episode opens
On today's show, three questions. Number one, what was the best investment in 2025? Number two, why do boomers have less retirement savings than millennials?
And number three, what does dentistry and college football have in common? Consult an adviser or conduct your own due diligence when making financial decisions. General principles discussed during this program do not constitute personal advice.
This program is furnished by Dennis Advisers, a registered investment adviser. Welcome to Two Cents, where we help dentists navigate all the noise. My name is Jake.
I'm Will. And I'm Robbie.
Let's get it going, guys. Let's go. We are here. — Two cents Dream Team. If you listened to the podcast last week, it was me, Will, and Robbie. Matt isn't here again. This week, we are letting him have a break. Lauren is joining us on this one. We added a fourth member, so more of a panel here today. Lauren, how you doing?
Oh, fantastic. It's freezing cold outside. Wishing that I was only Disney like you. — Anyone listening with their headphones on just got a yeehe in their ears? That would I mean Well, good morning if you're listening in the morning.
Good morning if you're listening to this as as this publishes on Saturday. I am going to Disney next week. Um you are right. I am a middle-aged white guy who lives in Utah taking his family to Disney. That's what I'm doing next week. Stoked about it. Um we're going to have a really good time. Anything else we need to hit on, guys, before we jump into our topics here? our questions.
Yeah, this is a pre-recorded uh podcast, right? So, — This is pre-recorded. A little peak behind the scenes because of my Disney trip.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- best investment 2025
- market timing vs staying invested
- boomers retirement savings
- pensions vs 401(k) plans
- private equity in dentistry and sports
Companies and tickers mentioned
- Dentist Advisors
- Aquire Wealth Advisors
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
More from The Dentist Money Show
-
What Should You Do When You're Nervous About the Stock Market? -
Two Cents 11/7 - What's Driving Economic Growth?; Elections Break The Market?; Tax Bracket Changes -
Is a 3-Day Workweek Possible for Dentists? -
Two Cents 10/31 - AI Bubble In China; How Should You Use Your HSA?; 2026 Halloween Spending Trends -
The Biggest Mistakes Dentists Make With Social Security -
Two Cents 10/24 - France & Japan's Economy; Do Stocks Ever Go Down?; Rising Property Taxes
The Dentist Money Show, this episode and its artwork belong to Dentist Advisors - Financial Planning and Investment Management. Octagon is not affiliated with the show; this page is an independent summary.
