Louis Green on Behavioral Finance, Diversification, and Building a Holistic Retirement Plan

On the Underdog Physician podcast, host Anish interviews Louis Green, founder of Prestiq Wealth, a wealth advisor with CFA, CFP, and CPWA credentials and prior roles at Bankers Trust/Deutsche Bank, PNC, and UBS. Green shares his Brooklyn origins, interest in investing, and his move toward fiduciary, tech-enabled holistic planning at Savvy Advisors, plus his book Five Steps to Retirement Planning and mentoring with Savvy Ladies. He highlights common blind spots for high-income professionals such as short-term, undiversified day-trading behavior and tax implications of short-term gains. He advises doing deeper research or using diversified vehicles like ETFs and focusing on asset allocation. Trends discussed include buffered ETFs for downside hedging, direct indexing for tax-loss harvesting, and renewed attractiveness of fixed income with higher rates. They cover retirement and tax strategies (401(k)/403(b), solo 401(k), deferred comp, mega/backdoor Roth, HSA, donor-advised funds), estate planning basics, entrepreneurship planning and avoiding over-leveraged marketing, team culture, managing volatility by staying invested, and Green’s legacy goal of getting more people to have financial and retirement plans.

00:00 Welcome and Guest Intro

01:00 Louis Green Origin Story

02:47 Physician Money Blind Spots

04:06 Avoiding Day Trading Traps

05:40 Credentials and Planning Style

07:07 New Allocation Trends

08:57 Buffered ETFs Explained

10:27 Founding Prestiq Wealth

12:08 Aligning Portfolios With Life

14:10 Retirement Accounts and Taxes

17:13 Five Steps Book Takeaways

18:37 Family and Entrepreneur Scenarios

21:31 Building Teams and Culture

23:44 Mentorship and Work Rhythm

26:42 Handling Volatility and Timing

28:45 S&P 500 Run and Cycles

31:30 Legacy and Closing

Amazon book:

https://www.amazon.com/STEPS-RETIREMENT-PLANNING-Actions-Retirement-ebook/dp/B0DNVK48FW/?_encoding=UTF8&pd_rd_w=WRMPi&content-id=amzn1.sym.3a079c4e-f938-40c9-a0ed-01ef0e9528e9&pf_rd_p=3a079c4e-f938-40c9-a0ed-01ef0e9528e9&pf_rd_r=145-4756456-8694467&pd_rd_wg=k1Rix&pd_rd_r=cc05f83e-a4e9-430b-b5c1-a8cdf2f1e9eb