Clay Finck chats with David Stein about current market conditions, the role of international stocks in a portfolio, whether investors should get exposure to AI stocks or not, if GDP is an outdated metric, the role of alternative assets in a portfolio, and David’s guide to living a richer, wiser, and happier life.David Stein is the Host of Money For the Rest of Us, a weekly personal finance podcast with over 20 million downloads. He’s also the co-founder of Asset Camp, a fintech platform of dynamic data-driven research tools focused on asset classes.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro.02:10 - Why we should care about current market conditions as long-term investors.09:27 - David’s assessment of current market conditions and the Fed’s job in managing inflation.13:08 - How long it takes for interest rates to flow through to the broader economy.16:49 - The role international stocks can play in a portfolio.26:47 - If investors should care if the US has the reserve currency or not.33:28 - Ways in which investors can get exposure to AI.38:41 - The potential long-term impacts of AI on our financial system.42:09 - Whether GDP is an outdated and misleading metric or not.46:42 - The role that crowdfunding platforms and alternative assets can play in a portfolio.55:51 - How the venture capital playbook works.58:28 - How David thinks about the expected returns for alternative assets.75:00 - David’s thoughts around aligning his finances with living a good life.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul><li>Check out our newly released&nbsp;<a href="http://theinvestorspodcast.com/mastermind" rel="noopener noreferrer" target="_blank">TIP Mastermind Community</a>.</li><li>Check out our recent episode covering&nbsp;<a href="https://link.chtbl.com/WSB566" rel="noopener noreferrer" target="_blank">The Passionate Pursuit of Lifelong Learning w/ Gautam Baid&nbsp;</a>or watch the video<a href="https://www.theinvestorspodcast.com/episodes/the-passionate-pursuit-of-lifelong-learning-w-gautam-baid/" rel="noopener noreferrer" target="_blank">&nbsp;here</a>.</li><li>David’s investing tool:&nbsp;<a href="https://assetcamp.com/" rel="noopener noreferrer" target="_blank">Asset Camp.</a></li><li>David’s website:&nbsp;<a href="https://moneyfortherestofus.com/" rel="noopener noreferrer" target="_blank">Money for the Rest of Us</a>.</li></ul>NEW TO THE SHOW?<ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank">We Study Billionaires Starter Packs</a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Try our tool for picking stock winners and managing our portfolios:&nbsp;<a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool</a>.</li><li>Enjoy exclusive perks from our&nbsp;<a href="https://www.theinvestorspodcast.com/affiliates/" rel="noopener noreferrer" target="_blank">favorite Apps and Services</a>.</li><li>Stay up-to-date on financial markets and investing strategies through our daily newsletter,<a href="https://www.theinvestorspodcast.com/newsletters/" rel="noopener noreferrer" target="_blank">&nbsp;We Study Markets.</a></li><li>Learn how to better start, manage, and grow your business with the&nbsp;<a href="https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/" rel="noopener noreferrer" target="_blank">best business podcasts</a>.P.S The Investor’s Podcast Network is excited to launch a&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">subreddit</a>&nbsp;devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">r/TheInvestorsPodcast</a>&nbsp;today!</li></ul>P.S The Investor’s Podcast Network is excited to launch a&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">subreddit</a>&nbsp;devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">r/TheInvestorsPodcast</a>&nbsp;today!SPONSORS<ul><li>Invest in Bitcoin with confidence on&nbsp;<a href="https://river.com/" rel="noopener noreferrer" target="_blank">River</a>. It’s the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.</li><li>If you’re aware you need to improve your bitcoin security but have been putting it off,&nbsp;<a href="https://unchained.com/concierge" rel="noopener noreferrer" target="_blank">Unchained Capital</a>‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.</li><li>Experience real language learning for real conversations with&nbsp;<a href="https://babbel.com/wsb" rel="noopener noreferrer" target="_blank">Babbel</a>. Get 55% off your Babbel subscription today.</li><li>Get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep with America’s #1 meal kit,&nbsp;<a href="https://hellofresh.com/wsb50" rel="noopener noreferrer" target="_blank">HelloFresh</a>! Use code wsb50 for 50% off plus free shipping.</li><li>Get your&nbsp;<a href="https://spiritsuper.com.au/" rel="noopener noreferrer" target="_blank">super</a>&nbsp;sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.</li><li>Have the visibility and control you need to make better decisions faster with&nbsp;<a href="https://netsuite.com/study" rel="noopener noreferrer" target="_blank">NetSuite</a>’s cloud financial system. Plus, take advantage of their unprecedented financing offer today – defer payments of a full NetSuite implementation. That’s no payment and no interest for six months!</li><li>Send, spend, and receive money around the world easily with&nbsp;<a href="https://wise.com/tip" rel="noopener noreferrer" target="_blank">Wise</a>.</li><li>Reach the world’s largest audience with&nbsp;<a href="https://linkedin.com/results" rel="noopener noreferrer" target="_blank">Linkedin</a>, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!</li><li>Choose&nbsp;<a href="https://buyatoyota.com/" rel="noopener noreferrer" target="_blank">Toyota</a>&nbsp;for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.</li><li>Start, run, and grow your business without the struggle. Be in control of every sales channel with&nbsp;<a href="https://shopify.com/wsb" rel="noopener noreferrer" target="_blank">Shopify</a>. Sign up for a $1 per month trial period today.</li><li>Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a&nbsp;<a href="https://td.com/doyousmallbusiness" rel="noopener noreferrer" target="_blank">TD Small Business Specialist</a>&nbsp;today.</li><li>Return to the all-access world of the rich and powerful. Don’t miss new episodes of&nbsp;<a href="https://www.sho.com/billions" rel="noopener noreferrer" target="_blank">Billions</a>&nbsp;streaming August 4th on the Paramount Plus with Showtime plan.</li><li>Support our free podcast by supporting our&nbsp;<a href="https://theinvestorspodcast.com/sponsors" rel="noopener noreferrer" target="_blank">sponsors</a>.</li></ul>HELP US OUT!Help us reach new listeners by leaving us a&nbsp;<a href="https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit" rel="noopener noreferrer" target="_blank">rating and review</a>&nbsp;on&nbsp;<a href="https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489" rel="noopener noreferrer" target="_blank">Apple Podcasts</a>! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

TIP568: Current Market Conditions, Alternative Assets, & AI w/ David Stein

We Study Billionaires - The Investor’s Podcast Network

AI Chapters

AI Insights

Reviews