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Money For the Rest of Us

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J. David Stein

A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com

#490

Is Small Cap Dead? Why You Shouldn't Abandon Small Cap Stocks

Why global small-cap stocks have underperformed large-cap stocks and will the trend continue? The investment case for allocating to global small caps. Topics covered include: ---How have small caps performed relative to large caps over the past two decades ---What factors contributed to the underperformance ---How quality is an important factor to consider when investing in small caps ---What are the earnings prospects for small-cap stocks ---Why small-cap stocks could deliver double-digit returns over the next decade Sponsors [Yahoo Finance] (https://yahoofinance.com/) [Monarch Money – Get an extended 30-day free trial] (https://monarchmoney.com/david) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [US small-caps suffer worst run against larger stocks in over 20 years by George Steer—The Financial Times] (https://www.ft.com/content/e0029cb2-df39-41bd-b17b-808503b240c3) [Small stocks, big problems by Robin Wigglesworth—The Financial Times] (https://www.ft.com/content/abfbf19e-f963-4c1b-b69e-7bef8896e8cd) [The Death of Small Cap Equities? by Chris Satterthwaite—Verdad ] (https://verdadcap.com/archive/the-death-of-small-cap-equities) [The Quality of New Entrants by Chris Satterthwaite—Verdad] (https://verdadcap.com/archive/the-quality-of-new-entrants) Related Episodes [466: Does Dividend Investing Still Work?] (https://moneyfortherestofus.com/466-does-dividend-investing-still-work/) [370: Should You Invest in Small-Cap and Mid-Cap Stocks?] (https://moneyfortherestofus.com/370-small-cap-and-mid-cap-stocks/) [253: Are IPOs the New Ponzi Scheme?] (https://moneyfortherestofus.com/253-ipo-scheme/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

24 Apr 2024

25 MINS

25:53

24 Apr 2024

#489

Inflation's Illusion: Debunking the Normalcy of Currency Debasesment

It is not normal to want prices to rise and currencies to lose their purchasing power. We look at the advantages of stable currencies and prices. Topics covered include: ---What's more normal, an inflationary or deflationary mindset? ---Why it is more normal for prices to fall due to productivity increases ---How central banks seek to overcome productivity-induced deflation by increasing the money supply ---How inflation and ongoing currency debasement encourage debt, the financialization of housing, and keep unprofitable companies in business ---How gold, Bitcoin, stocks, real estate, and other assets help us overcome currency debasement Sponsors LinkedIn Jobs – [Use this link to post your job for free on LinkedIn Jobs] (https://linkedin.com/david) [NetSuite – Get your free KPI checklist] (https://netsuite.com/david) [Asset Camp Webinar] (https://assetcamp.com/webinar/) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Is Japan finally becoming a "normal" economy?—The Financial Times] (https://www.ft.com/content/88174b91-27d6-4936-ba5c-62c831b0a1c7) [Broken Money by Lyn Alden] (https://www.lynalden.com/broken-money/) [A Complete Guide to Understanding and Protecting Against Inflation—Money for the Rest of Us] (https://moneyfortherestofus.com/guide-to-inflation/) Related Episodes [431: The Long-term Bullish Case for Gold] (https://moneyfortherestofus.com/431-the-long-term-bullish-case-for-gold/) [429: Which Inflation Protection Strategies Worked and Which Didn’t?] (https://moneyfortherestofus.com/429-inflation-hedges/) [389: Is Airbnb Intensifying the Housing Crisis?] (https://moneyfortherestofus.com/airbnb-housing-crisis/) [253: Are IPOs the New Ponzi Scheme?] (https://moneyfortherestofus.com/253-ipo-scheme/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

17 Apr 2024

26 MINS

26:11

17 Apr 2024

#488

Are Emerging Markets Bonds a Once in a Generation Opportunity?

Some analysts suggest that now is an incredibly attractive entry point to invest in emerging market bonds. We look at how to do this and whether you should. Topics covered include: ---How emerging markets bonds have performed relative to U.S. bonds ---How frequently have emerging markets bonds defaulted ---What is the difference between local currency and U.S. dollar-denominated emerging markets bonds ---Why emerging markets nations are reforming ---What are the ways to invest in emerging markets bonds and what factors should you consider Sponsors [Betterment - the automated investing and savings app] (https://www.betterment.com/) [Monarch Money – Get an extended 30-day free trial] (https://monarchmoney.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Emerging Local Debt: A Once-In-A-Generation Opportunity? by Victoria Courmes—GMO] (https://www.gmo.com/americas/research-library/emerging-local-debt_insights/) [EM Sovereign Defaults at Record Level, but Rating Outlooks More Balanced—Fitch Ratings] (https://www.fitchratings.com/research/sovereigns/em-sovereign-defaults-at-record-level-rating-outlooks-more-balanced-28-04-2023) [The big opportunity in emerging market debt by Victoria Courmes—The Financial Times] (https://www.ft.com/content/57c6d81b-a97c-4011-8972-8a9ebf029a9e) [Default Risk Fades in Emerging Markets as Riskiest Bonds Soar by Zijia Song, Giovanna Bellotti Azevedo, and Srinivasan Sivabalan—Bloomberg] (https://www.bloomberg.com/news/articles/2024-03-10/default-risk-fades-in-emerging-markets-as-riskiest-bonds-soar?leadSource=reddit_wall) [The weakest links in the global economy are on the mend by Ruchir Sharma—The Financial Times] (https://www.ft.com/content/34268245-df43-4fe7-acc9-f2ab28cb02d5) [How to invest in closed-end funds - Money for the Rest of Us] (https://moneyfortherestofus.com/closed-end-funds/) Investments Mentioned iShares JP Morgan USD Emerging Markets Bond ETF (EMB) iShares JP Morgan Emerging Markets Local Currency Bond ETF (LEMB) DoubleLine Low Duration Emerging Markets Fixed Income Fund (DELNX) DoubleLine Emerging Markets Fixed Income Fund (DLENX) Virtus Stone Harbor Emerging Markets Income ETF (EDF) DoubleLine Income Solutions Fund (DSL) Morgan Stanley Emerging Markets Debt Fund (MSD) Morgan Stanley Emerging Markets Domestic Debt Fund (MSD) Related Episodes [411: Is Emerging and Frontier Markets Investing Still Worth It? – With Asha Mehta] (https://moneyfortherestofus.com/411-asha-mehta/) [How to Invest in Closed-End Funds] (https://moneyfortherestofus.com/closed-end-funds/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

10 Apr 2024

24 MINS

24:18

10 Apr 2024

#487

Investing Fundamentals and What Is Attractive Now

In this conversation with financial advisor Josh Jalinski, David shares his views on constructing and benchmarking portfolios, factor investing including growth versus value, and managing regret. We explore a number of asset classes and strategies including dividend investing, leveraged loans, closed-end funds, equity REITs, and China. We also discuss how to manage retirement assets. Sponsors [NetSuite] (https://netsuite.com/david) [Monarch Money – Get an extended 30-day free trial] (https://monarchmoney.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Josh Jalinksi - Financial Quarterback] (https://jalinski.org/the-financial-quarterbacktm/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

03 Apr 2024

48 MINS

48:12

03 Apr 2024

#486

Is the Economy as Bad as People Think?

Why most households are in better financial shape than prior to the pandemic, but remain frustrated at their lack of economic progress. Topics covered include: ---How consumer sentiment surveys are designed and their current findings. ---Reasons behind consumer frustration with increasing prices amidst declining inflation rates. ---The magnitude of the inflation shock and its underlying causes. ---The concept of reference prices and their significant role in shaping consumer sentiment. ---Factors contributing to the high levels of economic uncertainty among households. ---Key elements required for enhancing consumer confidence in their economic future. ---The political repercussions stemming from widespread economic dissatisfaction. Sponsors [Betterment – the automated investing and savings app] (https://www.betterment.com/) [Long Angle] (https://www.longangle.com/) is a private community of 2,500 very high net worth investors wholeverage their collective expertise and scale to access and underwrite some of the world’s best alternativeasset investments. [Learn more here.] (https://www.longangle.com/) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Surveys of Consumers—University of Michigan] (https://data.sca.isr.umich.edu/) [Consumer sentiment climbs amid split views on business outlook—University of Michigan] (https://news.umich.edu/consumer-sentiment-climbs-amid-split-views-on-business-outlook/) [The Purchasing Power of American Households—U.S. Department of the Treasury] (https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households) [Unemployment Rate—St. Louis Fed] (https://fred.stlouisfed.org/series/UNRATE) [We Still Don’t Believe How Much Things Cost by Rachel Wolfe and Rachel Louise Ensign—The Wall Street Journal] (https://www.wsj.com/economy/consumers/grocery-prices-inflation-coffee-milk-903aead6) [It’s Been 30 Years Since Food Ate Up This Much of Your Income by Jesse Newman and Heather Haddon—The Wall Street Journal] (https://www.wsj.com/economy/consumers/its-been-30-years-since-food-ate-up-this-much-of-your-income-2e3dd3ed) [Consumers are increasingly pushing back against price increases — and winning by Christopher Rugaber—Yahoo! Finance] (https://finance.yahoo.com/news/consumers-increasingly-pushing-back-against-235757139.html) [Kraft Heinz ups ad spend, changes leadership by Christopher Lombardo—Strategy] (https://strategyonline.ca/2023/11/01/kraft-heinz-ups-ad-spend-changes-leadership/) [Many Americans Believe the Economy Is Rigged by Katherine J. Cramer and Johnathon D. Cohen—The New York Times] (https://www.nytimes.com/2024/02/21/opinion/economy-research-greed-profit.html) [Covid-19 Coronavirus Pandemic—Worldometer] (https://www.worldometers.info/coronavirus/) Related Episodes [380: How Stories Drive Our Happiness and Financial Success] (https://moneyfortherestofus.com/380-stories/) [294: How Stories Go Viral and Drive Economic Events] (https://moneyfortherestofus.com/294-narrative-economics/) [286: Coronavirus and the Financial Impact of Pandemics] (https://moneyfortherestofus.com/286-coronavirus-the-financial-impact-of-pandemics/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

27 Mar 2024

21 MINS

21:22

27 Mar 2024

#485

Unlocking Income: A Comprehensive Guide to Investing in Covered Call ETFs

How to use covered call and buy-write strategies to generate income while understanding the risks and having realistic return expectations. Topics covered include: ---How covered call strategies work ---How much can you earn investing in covered call strategies ---What are some numerical examples based on current option prices ---How covered call strategies can be used for both stock and bond ETFs ---What are some covered call ETF examples Sponsors [Long Angle] (https://www.longangle.com/) is a private community of 2,500 very high net worth investors wholeverage their collective expertise and scale to access and underwrite some of the world’s best alternativeasset investments. [Learn more here.] (https://www.longangle.com/) [NetSuite] (https://netsuite.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Investments Mentioned JP Morgan Equity Premium Income ETF (JEPI) JP Morgan Equity Premium Income Fund (JEPIX) Global X NASDAQ 100 Covered Call ETF (QYLD) Global X S&P 500® Covered Call ETF (XYLD) iShares 20+ Year Trs Bd Buywrt Stgy ETF (TLTW) WisdomTree PutWrite Strategy Fund (PUTW) Related Episodes [467: Unraveling the Truth About ETFs: Benefits, Analysis, and the Indexing Bubble Myth] (https://moneyfortherestofus.com/467-etf-analysis/) [418: Bond Investing Masterclass] (https://moneyfortherestofus.com/418-bond-investing-masterclass/) [321: How to Analyze Complex Investments] (https://moneyfortherestofus.com/321-complex-investments/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

20 Mar 2024

27 MINS

27:38

20 Mar 2024

#484

How the Economy Really Works: Savings, Investing, Consuming and Market Distortions

A primer on how the economic engine works through coordination between savers, investors, consumers, producers, governments and banks. How hoarding and unfair competition can lead to economic distortions. Topics covered include: ---How spending and saving are connected including the paradox of thrift ---How borrowing money can lead to higher income and savings and potentially to bubbles ---How hoarding differs from investing and why too much hoarding can deprive businesses of capital ---How lightbulbs, grocery stores, and kitchen appliances could be examples of unfair competition and planned obsolescence. ---What role do we play as participants in this coordinated economic dance? Sponsors [Betterment – the automated investing and savings app] (https://www.betterment.com/) LinkedIn Jobs – [Use this link to post your job for free on LinkedIn Jobs] (https://linkedin.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Wait, Is Saving Good or Bad? The Paradox of Thrift—The Federal Reserve Bank of St. Louis] (https://www.stlouisfed.org/education/page-one-economics-classroom-edition/wait-is-saving-good-or-bad-the-paradox-of-thrift) [Rents: How Marketing Causes Inequality by Gerrit De Geest—Beccaria Books] (https://www.barnesandnoble.com/w/rents-gerrit-de-geest/1129280545) [FTC Challenges Kroger’s Acquisition of Albertsons—Federal Trade Commission] (https://www.ftc.gov/news-events/news/press-releases/2024/02/ftc-challenges-krogers-acquisition-albertsons) [The Lifespan of Large Appliances Is Shrinking by Rachel Wolfe—The Wall Street Journal] (https://www.wsj.com/personal-finance/the-lifespan-of-large-appliances-is-shrinking-e5fb205b) Related Episodes [288: Will Early Retirements Crash the Economy?] (https://moneyfortherestofus.com/288-will-early-retirements-crash-the-economy/) [222: Why We Overpay and How It Contributes To Income Inequality] (https://moneyfortherestofus.com/222-overpay-leads-income-inequality/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

13 Mar 2024

27 MINS

27:01

13 Mar 2024

#483

Which Will Perform Better: Berkshire Hathaway or Utility Stocks?

Berkshire Hathaway doesn't pay a dividend, its cash pile keeps growing, and Buffet says it's gotten too big to make acquisitions that can impact the company. Meanwhile, utility ETFs have a steady 3.5% dividend yield. Which will be the better-performing investment going forward? Topics covered include: ---How has Berkshire Hathaway performed relative to the S&P 500 Index and other active managers ---Why Warren Buffett believes Berkshire's electric utility holdings were a mistake ---Why California has some of the highest utility rates in the U.S. ---Why Berkshire Hathaway will eventually need to pay a dividend even though it doesn't currently ---Going forward, will it be more profitable to invest in Berkshire Hathaway, a utility ETF, or an index fund Sponsors [Shopify] (https://shopify.com/david) - Sign up for a $1 per month trial period [NetSuite – Get your free KPI checklist] (https://netsuite.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Berkshire Hathaway 2023 Shareholder Letter ] (https://www.berkshirehathaway.com/letters/2023ltr.pdf) [The Man Preparing for a Berkshire Hathaway Without Warren Buffett by Justin Baer—The Wall Street Journal] (https://www.wsj.com/finance/greg-abel-berkshi) [Warren Buffett admits Berkshire Hathaway’s days of ‘eye-popping’ gains are over by Eric Platt—The Financial Times] (https://www.ft.com/content/1a6f4bd9-b9c7-462e-8152-4ee52a41fba0) [Active vs Passive Investment Management Barometer Report—Morningstar] (https://www.morningstar.com/lp/active-passive-barometer) [Buffett sounds wildfire alarm as utilities industry enters new era by Eric Platt and Myles McCormick—The Financial Times] (https://www.ft.com/content/9619f503-6fd5-4256-8a5a-09eeebd08692) [Paying for Electricity in California: How Residential Rate Design Impacts Equity and Electrification—Next10] (https://www.next10.org/publications/electricity-rates-2) Investments Mentioned Berkshire Hathaway Inc Class B (BRK.B) Vanguard Utilities ETF(VPU) Related Episodes [466: Does Dividend Investing Still Work?] (https://moneyfortherestofus.com/466-does-dividend-investing-still-work/) [463 Plus: Model Portfolios, UK versus US Valuations, MCI Premium, and MFD Proxy Battle] (https://moneyfortherestofus.com/plus-episodes/463-plus-model-portfolios-uk-versus-us-valuations-mci-premium-and-mfd-proxy-battle/) [444: Natural Disasters: Are They Truly Increasing?] (https://moneyfortherestofus.com/444-natural-disasters/) [242: Should You Let Warren Buffett Manage Your Money?] (https://moneyfortherestofus.com/242-buffett/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

06 Mar 2024

25 MINS

25:55

06 Mar 2024

#482

Lessons from Japan's 34 Years of Stock Market Underperformance

Japan's stock market recently exceeded the all-time high first set in December 1989. That's 34 years of zero price appreciation for the stock market. What drove this lackluster performance, will it continue, and what can we learn from it? Topics covered include: ---How big was Japan's stock bubble, and how much did it contribute to the stock market's underperformance over the past three decades ---How do Japan's demographic trends impact its economic challenges, and what are the solutions ---Why Japan's houses are built to depreciate in value ---What lessons can we learn from Japan's extended bear market Sponsors [Monarch Money – Get an extended 30-day free trial] (https://monarchmoney.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Japan’s Nikkei 225 index eclipses record high after 34 years by Leo Lewis—The Financial Times] (https://www.ft.com/content/8b982ad2-8923-4f48-adc6-946c10964657) [Investors eye further gains after Nikkei breaks through 1989 high by Leo Lewis and Kana Inagaki—The Financial Times] (https://www.ft.com/content/cc01869c-02fb-4bf7-8e63-883da7153db4) Related Episodes [235: What If Home Prices Always Declined] (https://moneyfortherestofus.com/235-home-prices-always-declined/) [178: Japan and the Impact of A Shrinking Population] (https://moneyfortherestofus.com/178-japan-impact-shrinking-population/) [73 Plus: Investing In Japan] (https://moneyfortherestofus.com/plus-episodes/mny073-plus-investing-japan/) [38 Plus: Time Wealth and Japan] (https://moneyfortherestofus.com/plus-episodes/mny038-plus-time-wealth-japan/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

28 Feb 2024

52 MINS

52:40

28 Feb 2024

#481

Unraveling the Truth About ETFs: Benefits, Analysis, and the Indexing Bubble Myth

How the ETF market is changing, why ETFs should be your preferred investment vehicle, and how to analyze ETFs to generate better investment performance. Topics covered include: ---How large have fund flows been away from active mutual funds into ETFs ---How big are the largest ETF families and how has their market share grown ---Why the rise of active ETFs blurs the distinction between active and passive investing ---Why there doesn't appear to be an indexing price bubble, but the rise of passive investing has impacted volatility and decreased stock price informativeness ---A framework for how to analyze markets and select ETFs for your portfolio Sponsors [Long Angle] (https://www.longangle.com/) is a private community of 2,500 very high net worth investors who leverage their collective expertise and scale to access and underwrite some of the world’s best alternative asset investments. [Learn more here.] (https://www.longangle.com/) [NetSuite – Get your free KPI checklist] (https://netsuite.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Global Fund Flows Dominated by Fixed-Income and ETFs—Morningstar] (https://www.morningstar.com/lp/global-asset-flows-report) [It’s Official: Passive Funds Overtake Active Funds by Adam Sabban—Morningstar] (https://www.morningstar.com/funds/recovery-us-fund-flows-was-weak-2023) [ETF Issuer League Tables—VettaFi] (https://etfdb.com/etfs/issuers/) [Global ETF Market Facts: three things to know from Q3 2023 by Samara Cohen—iShares] (https://www.ishares.com/us/insights/global-etf-facts) [Rise of Passive Investing - Effects on Price Level, Market Volatility, and Price Informativeness by Pawel Bednarek—SSRN] (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4551509) Investments Mentioned SPDR® S&P 500® ETF Trust (SPY) JPMorgan Equity Premium Income ETF(JEPI) Avantis US Small Cap Value ETF(AVUV) Related Episodes [426:Which is Best – Active or Passive, ETFs or Funds?] (https://moneyfortherestofus.com/426-kristof-gleich/) [321: How to Analyze Complex Investments] (https://moneyfortherestofus.com/321-complex-investments/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

21 Feb 2024

25 MINS

25:56

21 Feb 2024

#480

Does Dividend Investing Still Work?

Stocks that grow their dividends have outperformed non-dividend-paying stocks over the long-term, but not in the past 5, 10, and 20 years. Why are non-dividend paying stocks outperforming dividend growers, and will it continue? Topics covered include: ---What message do companies say when they initiate, grow, or cut their dividend ---What is dividend smoothing ---How have dividend payers performed relative to non-dividend payers ---Why have non-dividend payers, which are primarily growth stocks, outperformed dividend payers ---How the payout ratio and return on equity impact dividend strategies ---What are reasons to include dividend strategies in your portfolio Sponsors LinkedIn Jobs – [Use this link to post your job for free on LinkedIn Jobs] (https://linkedin.com/david) [Betterment - the automated investing and savings app] (https://www.betterment.com/) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [The dividend puzzle by Fischer Black—The Journal of Portfolio Management] (https://www.fecos.nfkatzke.com/Papers/Dividend_Puzzle.pdf) [Can Dividend Investing Rise From the Dead? by Jon Sindreu—The Wall Street Journal] (https://www.wsj.com/finance/investing/can-dividend-investing-rise-from-the-dead-8da3ddfc) [Einhorn Says Markets ‘Fundamentally Broken’ By Passive, Quant Investing by Matthew Griffin—Bloomberg] (https://www.bloomberg.com/news/articles/2024-02-08/david-einhorn-says-markets-fundamentally-broken-by-passive-quant-investing?leadSource=reddit_wall) [Your Mutual Fund Stinks. Can This Wall Street Invention Change That? by Jason Zweig—The Wall Street Journal] (https://www.wsj.com/finance/investing/your-mutual-fund-stinks-can-this-wall-street-invention-change-that-73e86075) [Asset Camp] (https://assetcamp.com/) Investments Mentioned WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) WisdomTree Emerging Markets High Dividend ETF (DEM) Vanguard Dividend Appreciation ETF (VIG) iShares Core S&P 500 ETF (IVV) Related Episodes [429: Which Inflation Protection Strategies Worked and Which Didn’t?] (https://moneyfortherestofus.com/429-inflation-hedges/) [342: Is Another Great Inflation Coming?] (https://moneyfortherestofus.com/342-is-inflation-coming/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

14 Feb 2024

28 MINS

28:05

14 Feb 2024

#479

Transforming Financial Regrets into Portfolio Gains: Five Strategies for Navigating Investment Emoti...

Humans are wired to feel regret. Here's how to learn from financial regret to become a better investor. Topics covered include: ---What cognitive biases make feelings of financial regret unavoidable ---We analyze two regret case studies - one from David and one from a Plus member ---Why do we avoid big regrets but manage through small ones ---Five cognitive tricks to help manage financial regrets --- Sponsors [NetSuite – Get your free KPI checklist] (https://netsuite.com/david) [Long Angle] (https://www.longangle.com/) is a private community of 2,500 very high net worth investors who leverage their collective expertise and scale to access and underwrite some of the world’s best alternative asset investments. [Learn more here.] (https://www.longangle.com/) [Money for the Rest of Us listener survey] (https://moneyfortherestofus.com/survey/) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb—Penguin Random House] (https://www.penguinrandomhouse.com/books/176225/fooled-by-randomness-by-nassim-nicholas-taleb/) Related Content [448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium] (https://moneyfortherestofus.com/448-interest-rates-jackson-hole-symposium/) [408: Is Success Due to Hard Work, Talent, or Luck?] (https://moneyfortherestofus.com/408-success/) [What Is Risk vs Uncertainty?] (https://moneyfortherestofus.com/risk-vs-uncertainty/) [53: Should You Invest In Bitcoin?] (https://moneyfortherestofus.com/mny053-bitcoin/) Investments Mentioned Vanguard Long-Term Bond ETF (BLV) Vanguard Extended Duration Trs ETF (EDV) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

07 Feb 2024

26 MINS

26:11

07 Feb 2024

#478

More Ways to Lock in Higher Yields in Case Interest Rates Fall

Professional investors and other market participants are lousy at forecasting interest rates. Here are three more options to lock in higher yields today. Topics covered include: ---The risk of buying long-term bonds and ETFs to benefit from falling yields ---How volatility drag has impacted a long-term bond ETF like TLT ---Why interest rates won't go up just because the government issues more bonds ---How CDs, fixed annuities, and zero-coupon bonds work ---We compare and contrast the seven fixed-income options reviewed in this two-part series Sponsors [Monarch Money – Get an extended 30-day free trial] (https://monarchmoney.com/david) [Money for the Rest of Us listener survey] (https://moneyfortherestofus.com/survey/) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Investors may be getting the Federal Reserve wrong, again—The Economist] (https://www.economist.com/finance-and-economics/2024/01/24/investors-may-be-getting-the-federal-reserve-wrong-again) [Today's Best Multi-Year Guaranteed Annuities—Immediate Annuities] (https://www.immediateannuities.com/deferred-annuities/) [Zero-Coupon Treasuries Flew Off Shelves During October Yield Surge by Elizabeth Stanton—Bloomberg] (https://www.bloomberg.com/news/articles/2023-11-07/zero-coupon-us-treasuries-flew-off-shelves-amid-october-yield-surge?leadSource=reddit_wall) Investments Mentioned iShares 20+ Year Treasury Bond ETF(TLT) Invesco BulletShares 2029 Corporate Bond ETF (BSCT) Related Episodes [463: How to Lock in Higher Yields in Case Interest Rates Fall] (https://moneyfortherestofus.com/463-lock-in-higher-yields/) [418: Bond Investing Masterclass] (https://moneyfortherestofus.com/418-bond-investing-masterclass/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

31 Jan 2024

27 MINS

27:01

31 Jan 2024

#477

How To Lock In Higher Yields In Case Interest Rates Fall

With cash yields expected to fall, here's how you can keep your portfolio income elevated by purchasing longer-term individual bonds and bullet ETFs Topics covered include: ---How future short-term interest rates, inflation expectations, and term premiums impact long-term interest rates ---How each of those rate drivers contributed to the close to 1% drop in interest rates in the past three months ---How yield to maturity is our guide to locking in a fixed return using individual bonds or bullet ETFs ---How bullet ETFs work and what are some examples ---What are callable bonds and how to analyze them ---How to analyze municipal bonds ---Why we might want to lock in higher yields today Sponsors [Betterment - the automated investing and savings app] (https://www.betterment.com/) [Money for the Rest of Us listener survey] (https://moneyfortherestofus.com/survey/) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Term Premium on a 10 Year Zero Coupon Bond—FRED Economic Data] (https://fred.stlouisfed.org/series/THREEFYTP10) Investments Mentioned Vanguard Total Bond Market ETF (BND) Invesco BulletShares 2030 Corporate Bond ETF (BCSU) iShares iBonds Dec 2026 Term Trust ETF(IBTG) Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) Related Episodes [455: Easier Investing, Richer Life: TIPS Ladders to Annuities] (https://moneyfortherestofus.com/454-tips-ladder/) [453: The Price of Money – 700 Years of Falling, Can Interest Rates Keep Rising?] (https://moneyfortherestofus.com/453-price-of-money/) [452: Beyond Stocks: The Allure and Strategy of Credit Investments] (https://moneyfortherestofus.com/452-credit-investments/) [448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium] (https://moneyfortherestofus.com/448-interest-rates-jackson-hole-symposium/) [418: Bond Investing Masterclass] (https://moneyfortherestofus.com/418-bond-investing-masterclass/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

24 Jan 2024

29 MINS

29:37

24 Jan 2024

#476

Now Should You Buy Bitcoin? The Investment Case for the New Spot Bitcoin ETFs

We explore reasons for buying Bitcoin using one of the new Bitcoin ETFs. We also consider the risks. Topics covered include: ---Why the SEC finally decided to approve spot Bitcoin ETFs ---What are the fees and structure of these new Bitcoin ETFs ---How Bitcoin is similar and different from the fiat money system ---Where Bitcoin fits in an investment portfolio Sponsors [Long Angle] (https://www.longangle.com/) is a private community of 2,500 very high net worth investors who leverage their collective expertise and scale to access and underwrite some of the world’s best alternative asset investments. [Learn more here.] (https://www.longangle.com/) [NetSuite – Get your free KPI checklist] (https://netsuite.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Statement on the Approval of Spot Bitcoin Exchange-Traded Products - SEC] (https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023) [Coinbase at the Center of Bitcoin ETF Draws Envy and Risks - Bloomberg] (https://www.bloomberg.com/news/articles/2024-01-15/coinbase-coin-at-center-of-bitcoin-btc-etf-machine-raises-concerns) [Federal Reserve Balance Sheet] (https://www.federalreserve.gov/releases/h41/current/h41.htm) Related Episodes [362: Should You Invest in a Bitcoin ETF?] (https://moneyfortherestofus.com/362-bitcoin-etf/) [355: Which Money Is Crazier: The U.S. Dollar or Bitcoin?] (https://moneyfortherestofus.com/355-crazy-money/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

17 Jan 2024

27 MINS

27:09

17 Jan 2024

#475

How Much Should Your Net Worth Grow Each Year?

The intricate dance between profession, risk, lifestyle, and luck in determining how net worth grows. Topics covered include: ---The various factors that shape the growth of net worth, including professional choices, risk tolerance, and lifestyle decisions. ---David Stein's personal account of how these elements influenced the trajectory of his financial growth. ---Insights into the range of net worth increases observed in 2023, driven by the performance of financial markets. ---The importance of focusing on one's output quality and personal journey of wealth creation, rather than fixating on comparisons with others' net worth. Sponsors [Shopify] (https://shopify.com/david) - Sign up for a $1 per month trial period LinkedIn Jobs – [Use this link to post your job for free on LinkedIn Jobs] (https://linkedin.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Managing Oneself by Peter F. Drucker—Harvard Business Review] (https://store.hbr.org/product/managing-oneself/R0501K) [Soloing: Realizing Your Life's Ambition by Harriet Rubin—HarperCollins] (https://www.harpercollins.com/products/soloing-harriet-rubin?variant=32127331696674) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

10 Jan 2024

26 MINS

26:19

10 Jan 2024

#474

Should You Be Invested 100% Stocks Before and During Retirement? A Recent Study Says Yes

The pros and cons of investing your retirement assets 100% in equity, including half in international stocks. Why the 4% spending rule is too aggressive. ---Why historical asset class return studies that use only U.S. data are biased ---How researchers build a broader database to study retirement outcomes and spending rates ---How a 100% stock portfolio performed compared to balanced portfolios and target date funds ---Why investors should have half their assets in international stocks ---Why a 4% spending rule is too high, and what is the alternative Sponsor [NetSuite – Get your free KPI checklist] (https://netsuite.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice by Aizhan Anarkulova, Scott Cederburg, and Michael S. O'Doherty—SSRN] (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4590406) [The Safe Withdrawal Rate: Evidence from a Broad Sample of Developed Markets by Aizhan Anarkulova, Scott Cederburg, Michael S. O'Doherty, and Richard W. Sias—SSRN] (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4227132) Related Episodes [421: Beware of Survivorship Bias When Investing] (https://moneyfortherestofus.com/421-beware-of-survivorship-bias-when-investing/) [326: The New Math of Retirement Spending and Investing] (https://moneyfortherestofus.com/326-retirement-investing/) [254: Should You Be 100% Invested In Stocks?] (https://moneyfortherestofus.com/254-100-stocks/) [250: Investing Rule One: Avoid Ruin] (https://moneyfortherestofus.com/250-avoid-ruin/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

03 Jan 2024

25 MINS

25:29

03 Jan 2024

#473

Listener Q&A on Investing and Living

We close out 2023 by answering your questions on active vs passive management, market timing, investing for status, what we learned from Charlie Munger, thoughts on a coming recession, worst investment mistakes, recent books that changed us, and more. Sponsors [Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code] (https://www.madisontrust.com/david?utm_source=money+for+the+rest+of+us&utm_medium=podcasts&utm_campaign=self-directed+ira&utm_id=money+for+the+rest+of+us) [Delete Me – Use code David20 to get 20% off] (https://joindeleteme.com/david20) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.] (https://moneyfortherestofus.com/insiders-guide/) Show Notes [How the World Really Works by Vaclav Smil—Viking] (https://vaclavsmil.com/2022/07/11/how-the-world-really-works-2/) [The Day the World Stops Shopping by J.B. Mackinnon—Harper Collins] (https://www.harpercollins.com/products/the-day-the-world-stops-shopping-jb-mackinnon?variant=32269079838754) [Earth for All: A Survival Guide for Humanity by SandrineDixson-Declève, et al—Earth for All] (https://earth4all.life/the-book/) [Barbarian Days: A Surfing Life by William Finnegan—Penguin Random House] (https://www.penguinrandomhouse.com/books/292954/barbarian-days-by-william-finnegan/) [Tao te Ching: Power for the Peaceful by Lao Tzu (Author) and Marc Mullinax (Translator)—Fortress Press] (https://www.fortresspress.com/store/product/9781506469867/Tao-te-Ching) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

13 Dec 2023

44 MINS

44:34

13 Dec 2023

#472

Dissecting Stock Returns: Financial Engineering or Genuine Growth?

Do the impressive returns in public and private markets stem from strategic financial engineering or reflect actual economic growth? ---How corporate profit growth is linked to economic growth, even though corporate profits are more volatile ---How interest rates, tax rates, and stock buybacks influence corporate profits and stock returns ---Why there are fewer publicly traded stocks ---How the increase in leveraged buyouts has impacted the economy ---How private equity funds use financial engineering to boost returns Sponsors [NetSuite – Get your free KPI checklists] (https://netsuite.com/david) LinkedIn Jobs – [Use this link to post your job for free on LinkedIn Jobs] (https://linkedin.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter] (https://moneyfortherestofus.com/insiders-guide/) Our Premium Products [Asset Camp] (https://assetcamp.com/) [Money for the Rest of Us Plus] (https://moneyfortherestofus.com/hub/) Show Notes [US CEOs start to contemplate Trump, round 2 by Rana Foroohar—The Financial Times] (https://www.ft.com/content/e22d8e6e-3265-41d7-a468-bd861a88dba0) [End of an Era: The Coming Long-Run Slowdown in Corporate Profit Growth and Stock Returns by Michael Smolyansky—The Federal Reserve] (https://www.federalreserve.gov/econres/feds/end-of-an-era-the-coming-long-run-slowdown-in-corporate-profit-growth-and-stock-returns.htm) [10-Year Stock Market Returns—Crestmont Research] (https://www.crestmontresearch.com/docs/Stock-Rolling-Components.pdf) [Stock Average—Crestmont Research] (https://www.crestmontresearch.com/docs/Stock-Average.pdf) [Stock EPS Reality—Crestmont Research] (https://www.crestmontresearch.com/docs/Stock-EPS-Reality.pdf) [What Matters More for Emerging Markets Investors: Economic Growth or EPS Growth? by Jason Hsu Jay Ritter Phillip Wool Yanxiang Zhao—Portfolio Management Research] (https://www.pm-research.com/content/iijpormgmt/48/8/11) [Nominal Gross Domestic Product for United States—FRED Economic Data] (https://fred.stlouisfed.org/series/NGDPSAXDCUSQ) [The Secretive Industry Devouring the U.S. Economy by Rogé Karma—The Atlantic] (https://www.theatlantic.com/ideas/archive/2023/10/private-equity-publicly-traded-companies/675788/) [Key Drivers Behind Widespread Adoption Of NAV Financing by Matthew K Kerfoot—Proskauer] (https://www.proskauer.com/pub/key-drivers-behind-widespread-adoption-of-nav-financing) [The Inevitable Rise of NAV Financing by Patricia Teixeira and Anastasia Kaup—Ropes & Gray] (https://www.ropesgray.com/en/insights/podcasts/2023/09/the-inevitable-rise-of-nav-financing) [HAVE EXCHANGE-LISTED FIRMS BECOME LESS IMPORTANT FOR THE ECONOMY? by Frederik P. Schlingemann and René M. Stulz—NBER] (https://www.nber.org/system/files/working_papers/w27942/w27942.pdf) [LBOs Make (More) Companies Go Bankrupt, Research Shows by Alicia McElhaney—Institutional Investor] (https://www.institutionalinvestor.com/article/2bswdyzrxjjh0cc1n1lvk/corner-office/lbos-make-more-companies-go-bankrupt-research-shows) [Leveraged buyouts and financial distress by Brian Ayash and Mahdi Rastad—ScienceDirect] (https://www.sciencedirect.com/science/article/abs/pii/S1544612320301549) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

06 Dec 2023

27 MINS

27:43

06 Dec 2023

#471

AI's Fork in the Road: Societal Bliss or Existential Threat?

One year after the release of ChatGPT, we explore the positive and negative paths AI could take and what individuals can do to assist with a positive outcome. Topics covered include: ---How David uses AI to increase his personal productivity ---The societal and economic impacts of AI, including its potential to enhance corporate profitability and individual productivity ---Changes at OpenAI's executive level are examined, highlighting a shift in the organization's direction and philosophy ---What is Effective Altruism and why is it so focused on the catastrophic risks of AI ---What are the phases that would lead to a singularity in which AI poses a threat to humanity ---Why AI is still in the early stages, and how should individuals, businesses and regulators treat it at this point Sponsors [Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code] (https://www.madisontrust.com/david?utm_source=money+for+the+rest+of+us&utm_medium=podcasts&utm_campaign=self-directed+ira&utm_id=money+for+the+rest+of+us) Money Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. [Go here to schedule your free session.] (https://moneypickle.com/) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.] (https://moneyfortherestofus.com/insiders-guide/) Show Notes [Everyday Chaos: Technology, Complexity, and How We're Thriving in a New World of Possibility by David Weinberger—Harvard Business Publishing Education] (https://hbsp.harvard.edu/product/10168-PDF-ENG) [The economic and market impact of artificial intelligence—Capital Economics] (https://www.capitaleconomics.com/key-issues/economic-impact-artificial-intelligence) [The Fight for the Soul of A.I. by David Brooks—The New York Times] (https://www.nytimes.com/2023/11/23/opinion/sam-altman-openai.html) [How a Fervent Belief Split Silicon Valley—and Fueled the Blowup at OpenAI by Robert McMillan and Deepa Seetharaman—The Wall Street Journal] (https://www.wsj.com/tech/ai/openai-blowup-effective-altruism-disaster-f46a55e8) [A.I. Belongs to the Capitalists Now by Kevin Roose—The New York Times] (https://www.nytimes.com/2023/11/22/technology/openai-board-capitalists.html) [The ‘AI doomers’ have lost this battle by Benedict Evans—The Financial Times] (https://www.ft.com/content/a2c29506-4a38-47a3-8775-beb5e488c169) [Effective Altruism] (https://www.effectivealtruism.org/) [80,000 Hours] (https://80000hours.org/) [What is the AI alignment problem and how can it be solved? by Edd Gent—NewScientist] (https://www.newscientist.com/article/mg25834382-000-what-is-the-ai-alignment-problem-and-how-can-it-be-solved/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

29 Nov 2023

24 MINS

24:54

29 Nov 2023

#470

Using a Checklist Approach To Investing - The Money for the Rest of Us Philosophy

In this bonus episode, David visits with Bill Yount and Becky Heptig of the Catching Up to Fi podcast in a wide-ranging discussion on investing using a systematic checklist approach. Sponsors [Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code] (https://www.madisontrust.com/david?utm_source=money+for+the+rest+of+us&utm_medium=podcasts&utm_campaign=self-directed+ira&utm_id=money+for+the+rest+of+us) LinkedIn Jobs – [Use this link to post your job for free on LinkedIn Jobs] (https://linkedin.com/david) Money Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. [Go here to schedule your free session.] (https://moneypickle.com/) [Masterworks – invest in contemporary art] (https://masterworks.com/david) Masterworks Disclosure: “net IRR” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold, and past performance is not indicative of future results. See important Reg A disclosures: [Masterworks.com/cd] (https://www.masterworks.com/about/disclaimer) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.] (https://moneyfortherestofus.com/insiders-guide/) Show Notes [Catching Up to FI] (https://catchinguptofi.com/) [Money for the Rest of Us book] (https://moneyfortherestofus.com/how-to-invest-book/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

22 Nov 2023

1 HR 18 MINS

1:18:44

22 Nov 2023

#469

Is Tourism Harmful or Helpful? The Economic and Cultural Impact of Global Travel

What are the economic and cultural benefits of tourism. What are the downsides to too much tourism. How to find the right balance. Topics covered include: ---How short-term rentals have changed tourism ---How cities grapple with too many short-term rentals ---What is the outlook for short-term rentals ---How much does tourism contribute to economic output ---How can tourism be harmful and helpful ---The example of Cuba Sponsors [Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code] (https://www.madisontrust.com/david?utm_source=money+for+the+rest+of+us&utm_medium=podcasts&utm_campaign=self-directed+ira&utm_id=money+for+the+rest+of+us) LinkedIn Jobs – [Use this link to post your job for free on LinkedIn Jobs] (https://linkedin.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.] (https://moneyfortherestofus.com/insiders-guide/) Show Notes [International tourism revenue, percent of GDP - Country rankings—The Global Economy] (https://www.theglobaleconomy.com/rankings/international_tourism_revenue_to_GDP/) [U.S. Travel and Tourism Satellite Account for2017–2021 by Sarah Osborne—Journal of US Bureau of Economic Analysis ] (https://apps.bea.gov/scb/issues/2023/02-february/0223-travel-tourism-satellite-account.htm) [2023 Short-Term Rental Mid-Year Outlook—AirDNA] (https://www.airdna.co/blog/2023-us-mid-year-short-term-rental-outlook-report) [Welcome to Hochatown, the Town Created by Airbnb by Julie Satow—The New York Times] (https://www.nytimes.com/2023/11/10/travel/airbnb-rural-boom-bust.html) [Short-Term Rentals Attract Private Equity Seeking New Asset Class by Sean O'Neill—Skift] (https://skift.com/2022/03/15/short-term-rentals-may-prove-right-fit-for-private-equity-seeking-new-asset-class/) [As Cuba’s economic crisis deepens, citizens scramble to migrate by any means by Dave Sherwood—The Irish Times] (https://www.irishtimes.com/world/americas/2023/11/12/as-cubas-economic-crisis-deepens-citizens-scramble-to-migrate-by-any-means/) [Cuba's worst economic crisis in decades forces people to get creative to survive by Eyder Peralta—NPR] (https://www.npr.org/2023/09/28/1202264839/cuba-s-worst-economic-crisis-in-decades-forces-people-to-get-creative-to-survive) Related Episodes [93: Capitalism, Complexity and Cuba] (https://moneyfortherestofus.com/mny093-capitalism-complexity-cuba/) [389: Is Airbnb Intensifying the Housing Crisis?] (https://moneyfortherestofus.com/airbnb-housing-crisis/) [449: The House of Cards: Evaluating Economic and Financial Warning Signs] (https://moneyfortherestofus.com/449-economic-and-financial-warning-signs/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

15 Nov 2023

26 MINS

26:27

15 Nov 2023

#468

Easier Investing, Richer Life: TIPS Ladders to Annuities

What are the pros and cons of partially funding retirement expenses with an inflation-indexed bond ladder versus an immediate annuity? There is a big downside to TIPS ladders that many investors don't realize. Topics covered include: ---Why the stock market is more risky than many people realize ---Is it too late to invest in TIPS as one advisor suggests ---How TIPS and TIPS ladders work ---How immediate annuities work ---The pros and cons of a TIPS ladder versus an immediate annuity Sponsors [NetSuite – Get your free KPI checklists] (https://netsuite.com/david) [Monarch Money – Get an extended 30-day free trial] (https://monarchmoney.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.] (https://moneyfortherestofus.com/insiders-guide/) Show Notes [Effortless: Make It Easier to Do What Matters Most by Greg McKeown] (https://gregmckeown.com/books/effortless/) [Essentialism: The Disciplined Pursuit of Less by Greg McKeown] (https://gregmckeown.com/books/essentialism/) [Skin in the Game by Nassim Nicholas Taleb] (https://www.penguinrandomhouse.com/books/537828/skin-in-the-game-by-nassim-nicholas-taleb/) [Worry-Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals by Zvi Bodie and Michael J. Clowes] (https://zvibodie.com/book/worry-free-investing/) [Safe Haven: Investing for Financial Storms by Mark Spitznagel] (https://www.wiley.com/en-us/Safe+Haven%3A+Investing+for+Financial+Storms-p-9781119401797) [A Complete Guide to Investing in I Bonds and TIPS] (https://moneyfortherestofus.com/tips-and-ibonds/) [TipsLadder] (https://www.tipsladder.com/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

08 Nov 2023

27 MINS

27:50

08 Nov 2023

#467

How To Invest Money - 10 Rules of Thumb for Individual Investors

We discuss ten rules of thumb for individual investors to consider when saving and investing for and in retirement. 1--Don't use institutional hand-me-downs 2--Stay close to home base 3--Beware of dragon risk 4--Mind your investment seasons 5--Catch the popping corn 6--Watch for market swarms 7--Track the economic winds 8--Follow the traffic lights 9--Diversify your baskets 10-Don't burn your ships Sponsors [Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code] (https://www.madisontrust.com/david?utm_source=money+for+the+rest+of+us&utm_medium=podcasts&utm_campaign=self-directed+ira&utm_id=money+for+the+rest+of+us) [Monarch Money – Get an extended 30-day free trial] (https://monarchmoney.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.] (https://moneyfortherestofus.com/insiders-guide/) Show Notes [How to Invest Money E-book] (https://moneyfortherestofus.s3.amazonaws.com/howtoinvestmoney.pdf) Related Content [Complete Guide to Mortgage REIT Investing - Money for the Rest of Us] (https://moneyfortherestofus.com/mortgage-reit-investing/) [Complete Guide to Equity REIT Investing - Money for the Rest of Us] (https://moneyfortherestofus.com/equity-reit-investing/) [Episode 451: How Much Should You Invest in Stocks] (https://moneyfortherestofus.com/451-how-much-should-you-invest-in-stocks-the-art-of-position-sizing-in-a-volatile-market451/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

01 Nov 2023

29 MINS

29:20

01 Nov 2023

#466

The Price of Money - 700 Years of Falling, Can Interest Rates Keep Rising?

Interest rates have been sliding for seven centuries. Dive into the historical forces driving this trend and examine whether the recent interest rate spike is just a blip on the radar. Topics covered include: ---How the supply of savings and the demand to borrow impact interest rates ---Why have interest rates been falling for over 700 years, and what might have changed recently to propel rates higher ---How lower rates have helped households increase their net worth and reduce their financial vulnerability ---What are some lower-risk ways to take advantage of higher interest rates Sponsors Money Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. [Go here to schedule your free session.] (https://moneypickle.com/) LinkedIn Jobs – [Use this link to post your job for free on LinkedIn Jobs] (https://linkedin.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.] (https://moneyfortherestofus.com/insiders-guide/) Show Notes [The Price of Money Is Going Up, and It’s Not Because of the Fed by Jamie Rush,Martin Ademmer,Maeva Cousin,Tom Orlik,andRich Miller—Bloomberg] (https://www.bloomberg.com/news/articles/2023-10-19/why-the-price-of-money-is-going-to-stay-high-for-decades?leadSource=reddit_wall) [Secular stagnation is not over by Olivier Blanchard—Peterson Institute for International Economics] (https://www.piie.com/blogs/realtime-economics/secular-stagnation-not-over) [A big problem looming for bond markets by TOMASZ WIELADEK—The Financial Times] (https://www.ft.com/content/b0f842ad-7ec5-45b8-9752-a6ae0252b36f?shareType=nongift) [Eight centuries of global real interest rates - Paul Schmelzing - Bank of England] (https://www.bankofengland.co.uk/-/media/boe/files/working-paper/2020/eight-centuries-of-global-real-interest-rates-r-g-and-the-suprasecular-decline-1311-2018.pdf) [Changes in U.S. Family Finances from 2019 to 2022—The Federal Reserve] (https://www.federalreserve.gov/publications/files/scf23.pdf) [A Complete Guide to Investing in I Bonds and TIPS] (https://moneyfortherestofus.com/tips-and-ibonds/) Related Episodes [448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium] (https://moneyfortherestofus.com/448-interest-rates-jackson-hole-symposium/) [450: How Higher Interest Rates Alter Our Financial Blueprint] (https://moneyfortherestofus.com/450-higher-rates/) [452: Beyond Stocks: The Allure and Strategy of Credit Investments] (https://moneyfortherestofus.com/452-credit-investments/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

25 Oct 2023

24 MINS

24:38

25 Oct 2023

#465

Beyond Stocks: The Allure and Strategy of Credit Investments

Why investing in non-investment grade bonds, leveraged loans, and preferred stocks is potentially more compelling than investing in common stocks at present. Topics covered include: ---Why Howard Marks told institutional clients to sell stocks and buy high-yield bonds instead ---The contractual agreements comprising bonds, leveraged loans, and preferred stock give them an advantage relative to common stocks ---How preferred equity exhibits attributes of both bonds and common stocks ---What is the expected return and risks for high-yield bonds, leveraged loans, and preferred stock ---How do we invest in these three asset types Sponsors [Delete Me - Use code David20 to get 20% off] (https://joindeleteme.com/david20) - To get 20% off Delete Me go to [https://joindeleteme.com/david20] (https://joindeleteme.com/david20) and use Code David20 [Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code] (https://www.madisontrust.com/david?utm_source=money+for+the+rest+of+us&utm_medium=podcasts&utm_campaign=self-directed+ira&utm_id=money+for+the+rest+of+us) Show Notes [Sea Change - Memo by Howard Marks] (https://www.oaktreecapital.com/insights/memo/sea-change) [Further Thoughts on Sea Change - Memo by Howard Marks] (https://www.oaktreecapital.com/insights/memo/further-thoughts-on-sea-change) Investments Mentioned SPDR Bloomberg High Yield Bond ETF (JNK) iShares iBoxx High Yield Corporate Bond ETF (HYG) Invesco Senior Loan ETF (BKLN) iShares Preferred Stock ETF (PFF) Virtus Seix Senior Loan ETF (SEIX) DoubleLine Flexible Income Fund (DFLEX) BlackRock Debt Strategies Fund (DSU) Barings Corporate Investors Fund (MCI) Related Content [397: How to Invest Based on Cycles] (https://moneyfortherestofus.com/397-investing-cycles/) [451: How Much Should You Invest in Stocks? The Art of Position Sizing in a Volatile Market] (https://moneyfortherestofus.com/451-how-much-should-you-invest-in-stocks-the-art-of-position-sizing-in-a-volatile-market451/) [423: A “Safe” 6% Yield: The Case for Investment Grade CLOs] (https://moneyfortherestofus.com/423-collateralized-loan-obligation/) [How to Invest in Closed-End Funds] (https://moneyfortherestofus.com/closed-end-funds/) [Money for the Rest of Us Closed-End Fund Course] (https://moneyfortherestofus.com/cef/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

18 Oct 2023

29 MINS

29:48

18 Oct 2023

#464

How Much Should You Invest in Stocks? The Art of Position Sizing in a Volatile Market

Our allocation to risky assets should vary based on the expected return, volatility, risk aversion, and how much we can earn risk-free. That means we should be taking less risk right now. Listen to learn why. Topics covered include: ---Why there are so few billionaires ---Why the hedge fund Long Term Capital Management imploded ---Why how much to invest is more important than where to invest ---How the Merton share formula can assist with determining what percent of our wealth to invest in risky assets ---Why are expected outcomes so much greater than the median outcome and why it matters to our investing Sponsors [Delete Me - Use code David20 to get 20% off] (https://joindeleteme.com/david20) - To get 20% off Delete Me go to [https://joindeleteme.com/david20 ] (https://joindeleteme.com/david20) and use Code David20 [Masterworks – invest in contemporary art] (https://masterworks.com/david) Masterworks Disclosure: “net IRR” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold, and past performance is not indicative of future results. See important Reg A disclosures: [Masterworks.com/cd] (https://www.masterworks.com/about/disclaimer) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.] (https://moneyfortherestofus.com/insiders-guide/) Show Notes [How to avoid a common investment mistake - Buttonwood - The Economist] (https://www.economist.com/finance-and-economics/2023/09/21/how-to-avoid-a-common-investment-mistake) [The Missing Billionaires: A Guide to Better Financial Decisions by Victor Haghani and James White] (https://elmwealth.com/book/) [Money For the Rest of Us List of Most Influential Books] (https://moneyfortherestofus.com/influential-books/) [Charles Feeney, Who Made a Fortune and Then Gave It Away, Dies at 92 - New York Times] (https://www.nytimes.com/2023/10/09/business/charles-f-feeney-dead.html) [Elm Partners Coin Flip Exercise] (https://elmwealth.com/coin-flip/) [Evaluating gambles using dynamics - O. Peters and M. Gell-Mann ] (https://aip.scitation.org/doi/pdf/10.1063/1.4940236) Related Content [250: Investing Rule One - Avoid Ruin] (https://moneyfortherestofus.com/250-avoid-ruin/) [Why You Should Rebalance Your Portfolio] (https://moneyfortherestofus.com/portfolio-rebalancing/) [196: How to Survive Financially] (https://moneyfortherestofus.com/196-survive-financially/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

11 Oct 2023

27 MINS

27:37

11 Oct 2023

#463

How Higher Interest Rates Alter Our Financial Blueprint

We explore six impacts of higher interest rates on housing, capital projects, stock buybacks, excess returns for stocks, bonds, and other asset classes, and individual opportunity costs. Topics covered include: ---Where current interest rates stand ---Central banker predictions for how long cash yields will stay this high ---Why housing is the least affordable since the early 1980s ---Why new apartment building construction has collapsed ---What has been the excess return for stocks, bonds, and other asset classes when interest rates are higher and lower ---Why there will be fewer stock buybacks and how that can impact earnings per share ---Which alternative investments do better when short-term interest rates are higher ---Why financial opportunity costs have increased and how that should impact our investment and other financial decisions. Sponsors [Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code] (https://www.madisontrust.com/david?utm_source=money+for+the+rest+of+us&utm_medium=podcasts&utm_campaign=self-directed+ira&utm_id=money+for+the+rest+of+us) [NetSuite – Get your free KPI checklists] (https://netsuite.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.] (https://moneyfortherestofus.com/insiders-guide/) Show Notes [Summary of Economic Projections—The Federal Reserve] (https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20230920.pdf) [The Apartment Market Is Hitting a Construction Lull by Will Parker—The Wall Street Journal] (https://www.wsj.com/real-estate/the-apartment-market-is-hitting-a-construction-lull-b85025ae) [30-Year Fixed Rate Mortgage Average in the United States—FRED Economic Data] (https://fred.stlouisfed.org/series/MORTGAGE30US) [Americans Are Still Spending Like There’s No Tomorrow by Rachel Wolfe—The Wall Street Journal] (https://www.wsj.com/economy/consumers/americans-are-still-spending-like-theres-no-tomorrow-6a1d307) [Honey, the Fed Shrunk the Equity Premium by Portfolio Solutions Group—AQR] (https://www.aqr.com/Insights/Research/Alternative-Thinking/Honey-the-Fed-Shrunk-the-Equity-Premium) [Companies ease off on share buybacks as rising interest rates push up costs by Nicholas Megaw—The Financial Times] (https://www.ft.com/content/f6f59092-7ff5-4095-ba25-084bcc298c24?shareType=nongift) Related Episodes [384: Has a Commodities Bull Market Supercycle Started? If So, How Do You Invest in It?] (https://moneyfortherestofus.com/384-commodity-supercycle/) [435: Is It Better to Rent or Buy a House?] (https://moneyfortherestofus.com/435-rent-or-buy-a-house/) [448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium] (https://moneyfortherestofus.com/448-interest-rates-jackson-hole-symposium/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

04 Oct 2023

28 MINS

28:38

04 Oct 2023

#462

The House of Cards: Evaluating Economic and Financial Warning Signs

What are the economic and financial system early warning signs that we should heed rather than get caught up in fearmongering? When should we start to worry about ballooning budget deficits, the national debt, a currency collapse, or the stock market? Topics covered include: ---Signals to monitor to see if things are falling apart ---How much government debt is too much and why interest rates are key ---Why central banks don't control the stock market ---Why the dollar remains dominant, and what has to change for it to plummet in value Sponsors Money Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. [Go here to schedule your free session.] (https://moneypickle.com/) LinkedIn Jobs - [Use this link to post your job for free on LinkedIn Jobs] (https://linkedin.com/david) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.] (https://moneyfortherestofus.com/insiders-guide/) Show Notes [The Dawn of Everything: A New History of Humanity by David Graeber and David Wengrow—Macmillan] (https://us.macmillan.com/books/9780374157357/thedawnofeverything) [How Much Is Enough? Money and the Good Life by Robert Skidelsky and Edward Skidelsky—Penguin Random House] (https://www.penguinrandomhouse.com/books/216918/how-much-is-enough-by-robert-skidelsky-and-edward-skidelsky/) [U.S. National Deficit—Treasury.gov] (https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit) [Budget and Economic Data—Congressional Budget Office] (https://www.cbo.gov/data/budget-economic-data) [Japan's growing debt mountain: Crisis, what crisis? by Andrew Sharp—Nikkei Asia] (https://asia.nikkei.com/Spotlight/Asia-Insight/Japan-s-growing-debt-mountain-Crisis-what-crisis) [The Dollar: The World’s Reserve Currency by Anshu SiripurapuandNoah Berman—Council on Foreign Relations] (https://www.cfr.org/backgrounder/dollar-worlds-reserve-currency) [Currency Composition of Official Foreign Exchange Reserves—International Monetary Fund] (https://data.imf.org/?sk=e6a5f467-c14b-4aa8-9f6d-5a09ec4e62a4) [Total credit to non-bank borrowers by currency of denomination: US dollar—BIS] (https://stats.bis.org/statx/srs/table/E2?c=&p=20231&m=USD) [Wonking Out: The Mysteries of the Almighty Dollar by Paul Krugman—The New York Times] (https://www.nytimes.com/2022/09/09/opinion/united-states-dollar-euro-currency.html) [Revisiting the international role of the US dollar by Bafundi Maronoti—BIS] (https://www.bis.org/publ/qtrpdf/r_qt2212x.htm#:~:text=Approximately%20half%20of%20global%20trade,(see%20CGFS%20(2020))) Related Episodes [404: Why Is the U.S. Dollar So Strong? Will It Continue?] (https://moneyfortherestofus.com/404-dollar-strength/) [416: Your Nation’s National Debt: 5 Things You Need To Know] (https://moneyfortherestofus.com/416-your-nations-national-debt-5-things-you-need-to-know/) [433: What Happens If The U.S. Defaults On Its Debt? Here’s Why It Won’t] (https://moneyfortherestofus.com/433-usa-default/) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

27 Sep 2023

27 MINS

27:27

27 Sep 2023

#461

Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium

Why you might want to lock in higher yields now, given real interest rates are the highest they have been in 15 years. Topics covered include: ---What was covered this year at the Federal Reserve Jackson Hole Symposium ---What are the primary policy actions central banks take, and how do they influence interest rates ---What is the neutral real rate of interest, and why is it important ---Why new ideas are central to an increasing standard of living ---What would drive interest rates higher or lower from current levels ---Why now is an attractive time to lock in longer-term yields Sponsors [Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code] (https://www.madisontrust.com/david?utm_source=money+for+the+rest+of+us&utm_medium=podcasts&utm_campaign=self-directed+ira&utm_id=money+for+the+rest+of+us) [Factor - Use code david50 to get 50% off your meal order] (https://factormeals.com/david50) Insiders Guide Email Newsletter Get our [free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.] (https://moneyfortherestofus.com/insiders-guide/) Show Notes [Jackson Hole Economic Policy Symposium: Structural Shifts in the Global Economy—Federal Reserve Bank of Kansas City] (https://www.kansascityfed.org/research/jackson-hole-economic-symposium/jackson-hole-economic-policy-symposium-structural-shifts-in-the-global-economy/) [Policymaking in an age of shifts and breaks by Christine Lagarde—European Central Bank] (https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230825~77711105fe.en.html) [Inflation: Progress and the Path Ahead by Jerome H. Powell—The Federal Reserve Bank] (https://www.federalreserve.gov/newsevents/speech/powell20230825a.htm) [Structural Shifts in the Global Economy: Structural Constraints on Growth by Chad Syverson—Federal Reserve Bank of Kansas City] (https://www.kansascityfed.org/Jackson%20Hole/documents/9775/Syverson_2023_JH_Symposium_Remarks.pdf) [The Outlook for Long-Term Economic Growth by Charles I. Jones—Federal Reserve Bank of Kansas City] (https://www.kansascityfed.org/Jackson%20Hole/documents/9771/GrowthOutlookPanel.pdf) [Living with High Public Debt by Serkan Arslanalp and Barry Eichengreen—Federal Reserve Bank of Kansas City] (https://www.kansascityfed.org/Jackson%20Hole/documents/9749/Living_With_High_Public_SA_Sep_2_2023.pdf) [Monetary Policy and Innovation by Yueran Ma and Kaspar Zimmermann—Federal Reserve Bank of Kansas City] (https://www.kansascityfed.org/Jackson%20Hole/documents/9725/JH_Paper_Ma.pdf) See Privacy Policy at [https://art19.com/privacy] (https://art19.com/privacy) and California Privacy Notice at [https://art19.com/privacy#do-not-sell-my-info] (https://art19.com/privacy#do-not-sell-my-info) . ... Read more

20 Sep 2023

28 MINS

28:37

20 Sep 2023

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#490

Is Small Cap Dead? Why You Shouldn't Abandon Small Cap Stocks

#489

Inflation's Illusion: Debunking the Normalcy of Currency Debasesment

#488

Are Emerging Markets Bonds a Once in a Generation Opportunity?

#487

Investing Fundamentals and What Is Attractive Now

#486

Is the Economy as Bad as People Think?

#485

Unlocking Income: A Comprehensive Guide to Investing in Covered Call ETFs

#484

How the Economy Really Works: Savings, Investing, Consuming and Market Distortions

#483

Which Will Perform Better: Berkshire Hathaway or Utility Stocks?

#482

Lessons from Japan's 34 Years of Stock Market Underperformance

#481

Unraveling the Truth About ETFs: Benefits, Analysis, and the Indexing Bubble Myth

#480

Does Dividend Investing Still Work?

#479

Transforming Financial Regrets into Portfolio Gains: Five Strategies for Navigating Investment Emoti...

#478

More Ways to Lock in Higher Yields in Case Interest Rates Fall

#477

How To Lock In Higher Yields In Case Interest Rates Fall

#476

Now Should You Buy Bitcoin? The Investment Case for the New Spot Bitcoin ETFs

#475

How Much Should Your Net Worth Grow Each Year?

#474

Should You Be Invested 100% Stocks Before and During Retirement? A Recent Study Says Yes

#473

Listener Q&A on Investing and Living

#472

Dissecting Stock Returns: Financial Engineering or Genuine Growth?

#471

AI's Fork in the Road: Societal Bliss or Existential Threat?

#470

Using a Checklist Approach To Investing - The Money for the Rest of Us Philosophy

#469

Is Tourism Harmful or Helpful? The Economic and Cultural Impact of Global Travel

#468

Easier Investing, Richer Life: TIPS Ladders to Annuities

#467

How To Invest Money - 10 Rules of Thumb for Individual Investors

#466

The Price of Money - 700 Years of Falling, Can Interest Rates Keep Rising?

#465

Beyond Stocks: The Allure and Strategy of Credit Investments

#464

How Much Should You Invest in Stocks? The Art of Position Sizing in a Volatile Market

#463

How Higher Interest Rates Alter Our Financial Blueprint

#462

The House of Cards: Evaluating Economic and Financial Warning Signs

#461

Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium