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Rank #29 in Investing category

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Investing

Money For the Rest of Us

Updated 12 days ago

Rank #29 in Investing category

Business
Investing
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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

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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

iTunes Ratings

982 Ratings
Average Ratings
766
82
52
36
46

Great information, great delivery

By Dreasttum - Nov 16 2019
Read more
Ps to ranger7810; the correct spelling is “waste”, as in your review.

Great!

By Limma voom - Sep 08 2019
Read more
Really appreciate the in depth treatment of some really diverse topics. Interesting every time!

iTunes Ratings

982 Ratings
Average Ratings
766
82
52
36
46

Great information, great delivery

By Dreasttum - Nov 16 2019
Read more
Ps to ranger7810; the correct spelling is “waste”, as in your review.

Great!

By Limma voom - Sep 08 2019
Read more
Really appreciate the in depth treatment of some really diverse topics. Interesting every time!
Cover image of Money For the Rest of Us

Money For the Rest of Us

Latest release on May 27, 2020

Read more

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

Rank #1: Interest Rates Are Rising. Four Things You Can Do.

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#133 Here are four investment strategies investors can use to avoid losses due to rising interest rates.

Nov 16 2016

29mins

Play

Rank #2: Is Deflation Coming?

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#51 The world is flirting with deflation. How GDP growth, debt, population changes and exchange rates will determine whether a Great Depression like deflation is coming. Show notes at http://moneyfortherestofus.net/mny051-gdp-deflation/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

Apr 08 2015

27mins

Play

Rank #3: Do You Have Too Little Invested In Stocks?

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#48 How fear of another market crash may be causing you to keep your stock market allocation overly conservative despite evidence global stock markets are in a secular bull market. More info at http://moneyfortherestofus.net/mny048-secular-bull/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

Mar 18 2015

28mins

Play

Rank #4: Investing Won't Make You Rich

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#119 The primary role of investing is to preserve your wealth not grow it. How then do we grow our wealth?

Aug 10 2016

26mins

Play

Rank #5: The Universal Law You Need To Overcome To Thrive

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#141 How to overcome the second law of thermodynamics in investing and living.

Jan 18 2017

25mins

Play

Rank #6: Five Wealth Lessons From A Stoic

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#96 Rumors are always circulating about economic collapse. How the stoic philosopher Seneca would handle these predictions of calamity. To get the Seneca's 5 Wealth rules and supporting quotes, text the word "SENECA" to 44222. Show notes at http://moneyfortherestofus.net/mny096-five-wealth-lessons-stoic/

Feb 24 2016

29mins

Play

Rank #7: How To Become Wealthy

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The three-step plan for becoming financially wealthy and how to be wealthy without the money.

In this episode you’ll learn:

  • The results of two recent surveys on wealth, investing and retirement planning.
  • How much money do people believe they need to consider themselves wealthy.
  • How is wealth distributed across the U.S. population and how wealthy are Americans?
  • Why you need a simple financial plan.
  • What are the three steps to becoming financially wealthy.
  • How to live like you are already wealthy.


Thanks to WIX and Sleep Number for sponsoring the episode.

For show notes and more information on this episode click here.

  • [0:16] Schwab and Stash survey results.
  • [2:49] Saving vs. living paycheck to paycheck.
  • [4:29] How much does one need to be considered wealthy?
  • [7:44] The value of social security.
  • [9:23] The historical distribution of the country’s overall wealth.
  • [11:33] The importance of having a plan.
  • [13:38] Step One: increase your income.
  • [15:10] Step Two: increase your savings percentage.
  • [16:44] Step Three: increase your investment returns.
  • [23:57] It’s not about optimization. It’s about diversifying and learning.
  • [25:20] How to live like you are wealthy today.

May 15 2019

27mins

Play

Rank #8: Decision Making: Uncertainty versus Risk

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What is the difference between risk and uncertainty and how our decision making approach should differ under each scenario. Why pandemics are highly uncertain and should be treated as such.

Topics covered include:

  • How the coronavirus pandemic is far worse than other pandemics this century.
  • How humans have a difficult time accepting that things won't return to normal.
  • What is the difference between risk and uncertainty.
  • How we make decisions should differ if something is uncertain versus risky.
  • What is the minimax regret approach to making decisions under uncertainty.
  • How stories help us deal with uncertainty.
  • How the story driving financial markets has changed.
  • What is the duration and severity of bear markets during a recession and how large have bear market stock rallies been.
  • What will it take for the pandemic to end and to be more confident about the future.


Thanks to Mint Mobile and Grammarly for sponsoring the episode.

For show notes and more information on this episode click here.

Apr 01 2020

28mins

Play

Rank #9: How To Get Financially Unstuck

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#115 Why we can't not invest due to fear and uncertainty. Plus how to tell if the stock market is overvalued and what to do about it. To get the U.S. stock market valuation charts, text the word "charts" to 44222

Jul 13 2016

31mins

Play

Rank #10: Should You Pay Off Debt Or Invest?

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#188 How our net worth is more than our financial capital but includes our lifetime earning capacity or human capital. What role does debt play in investing in human capital and how our human capital impacts how we allocate our financial investments. Why stocks aren't less risky in the long-term. How to invest a lump sum payment and how I recently did so in today's market environment. More information, including show notes, can be found here.

Episode Summary

At some point in our lives, we all have to deal with the issue of debt. It’s a specter that hangs over our heads and gives us an uneasy feeling until it is gone. Debt has a cost, naturally so because it demands interest all the time. A question that comes up often is whether or not it is better to pay off debt immediately, primarily because it IS debt, or if a better return can be achieved, should available money be placed into investments instead? You could run the numbers and figure out what looks best on paper and go with that. But the answer is honestly not that simple. This episode is designed to walk you through many of the issues that should be considered when answering the question.

If it costs you less numerically to pay interest on loans than you could make on investments, you should invest instead of paying off debt, right? Maybe it’s not that simple

Let’s do the math. If you are paying 5% for your home mortgage and have a lump sum of cash available to pay it off, but you also have the opportunity to lend the money to a real estate crowdfunding platform with a guaranteed return of 9%, isn’t it true that you would make 4% more by investing in the crowdfunding platform than you would if you paid off the mortgage? Yes, that’s what the numbers say, but there’s more to be considered. You want to think about things like human capital, the nature of the debt, and the mental cost you bear for having the debt hanging over you.

Most people should try to do both: invest and pay off debt. Here’s why-

When it comes to the choice between paying off debt with available funds or investing those funds elsewhere, there is no cut-and-dried answer that fits everyone. But after doing his research in thinking through the issue, David feels that most people should try to do both. While there is a psychological benefit to paying off debt, there is also the knowledge and discipline that comes from investing.

In This Episode You’ll Learn

[0:46] Welcome to the show – and could you help spread the word?

[1:55] Should you pay off student loans first or put your cash into investments?

[4:20] We’ve got to consider the cost of developing “human capital”

[9:40] What is debt and how does short-term VS long-term debt apply

[12:45] How do human capital issues impact how we invest?

[16:13] Why most people should try to do both: invest AND pay off debt

[22:50] Should a lump sum be invested all at once or dollar cost average it?

Jan 17 2018

28mins

Play

Rank #11: Why You Need A Lifestyle Business

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#98 How a lifestyle business can offset the impact of lower investment returns and contribute to a more sustainable economy. Show notes at http://moneyfortherestofus.net/mny098-need-lifestyle-business/ To sign up for the Insiders Guide, text the word INSIDER to 44222

Mar 09 2016

29mins

Play

Rank #12: Please Save More

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#83 Why individuals need to save more for retirement and how to figure out how much more you should save. Show notes at: http://moneyfortherestofus.net/mny083-please-save/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

Nov 18 2015

29mins

Play

Rank #13: Should You Pay Off Your Mortgage

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#44 How a home mortgage can help you build real wealth. Plus what factors to weigh if you are considering paying off your mortgage. Show notes at http://moneyfortherestofus.net/mny044-mortgages/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

Feb 18 2015

27mins

Play

Rank #14: Is Money Dying?

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#49 Is monetary collapse imminent as some pundits say? Plus another look at gold and how to tell if a government's debt burden is unsustainable. Show notes at http://moneyfortherestofus.net/mny049-money-dying/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

Mar 25 2015

28mins

Play

Rank #15: Do You Have Enough To Retire?

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#149 How to estimate how long your assets will last in retirement and the steps you can take to take make them last longer.

Mar 15 2017

30mins

Play

Rank #16: Filter By Asset Class - Featuring Preferred Stocks

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#136 How framing and filtering by asset classes makes investing easier. How to invest in preferred stocks.

Dec 07 2016

30mins

Play

Rank #17: Four Investment Lessons From Warren Buffett

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#194 Four investment lessons from Berkshire Hathaway's fiscal year 2017 Shareholder Letter with additional insights from Howard Marks and Seth Klarman. More information, including show notes, can be found here.

Episode Summary

Every year, Berkshire Hathaway releases a letter written for their shareholders filled with information on their performance, portfolios, and investments. On this episode of Money For the Rest of Us, David digs into the 2017 letter and discusses four investment lessons Warren Buffet shares. It’s filled with great insights that any independent investor shouldn’t miss, so be sure to check out this informative episode.

Investment Lesson #1 – Use debt prudently

Buffett writes in this letter, “Investing is an activity in which consumption today is foregone in an attempt to allow greater consumption at a later date. ‘Risk’ is the possibility that this objective won’t be attained.” On this episode of Money For the Rest of Us, David encourages his listeners to utilize debt in such a way that maximizes future opportunities while also managing the risk that comes with taking on debt. He discusses the idea of “float” money, how one investor could have avoided losing half of his portfolio, how to manage margin calls, and why you have to be confident in your decisions as an independent investor.

Investment Lesson #2 – Keep your eyes open and focus on a few fundamentals

It takes patience, but independent investors can focus on the leading edge of the present and invest in ways that major corporations may not be able to do. One must simply be aware of the opportunities that are occurring right now as well as focus on a few fundamentals: valuations, economic trends, portfolio drivers, asset classes, etc. David quotes Buffet on this episode and explains that “Though markets are generally rational, they occasionally do crazy things. Seizing the opportunities then offered does not require great intelligence, a degree in economics or a familiarity with Wall Street jargon such as alpha and beta. What investors then need instead is an ability to both disregard mob fears or enthusiasms and to focus on a few simple fundamentals. A willingness to look unimaginative for a sustained period – or even to look foolish – is also essential.”

Investment Lesson #3 – Stick with easy decisions and avoid excessive trading

Unfortunately, trying to outsmart the market can lead to short-term gains but longer-term mediocrity in investing. David outlines a bet that Warren Buffett made with Protégé Partners and how Buffett learned that sticking with the big, easy decisions often pays off more than getting caught up in the minutia of constantly buying and selling. By making infrequent, larger decisions an independent investor can make better progress in their portfolio.

Investment Lesson #4 – Be willing to be early and look foolish

Investing is never a guaranteed game. All investors have a fear of looking foolish after making a decision, but Buffett explains that “A willingness to look unimaginative for a sustained period – or even to look foolish – is essential.” David talks about the importance of gaining experience, not becoming caught up in the crowd mentality, and understanding that the “dust never settles” when it comes to finances. There will always be risks to take, and timing can be unpredictable. But with considerable risk comes comfortable reward. For more great information on the 2017 Berkshire Hathaway Shareholder Letter, be sure to listen to this episode of Money For the Rest of Us.

Episode Chronology

[0:46] David introduces the topic for this episode, Four Investment Lessons from Warren Buffett

[2:15] Lesson #1 – Use debt prudently

[12:46] Lesson #2 – Keep your eyes open and focus on a few fundamentals

[17:17] Lesson #3 – Stick with easy decisions and avoid excessive trading

[24:00] Lesson #4 – Be willing to be early and look foolish

Feb 28 2018

33mins

Play

Rank #18: Will Infinite Money Save the Economy

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What central banks such as the Federal Reserve and federal governments are doing to counteract the negative impact of the pandemic related economic shutdown. What are the risks of this massive monetary and fiscal stimulus and how to mitigate those risks.

Topics covered include:

  • How central banks have the capacity to create an infinite amount of money.
  • How the Federal Reserve is using its money-printing ability to stabilize the financial system and reduce the negative impact of the pandemic related economic shutdown.
  • What are the mechanics of quantitative easing.
  • What are examples of stimulus programs during the Great Depression that didn't work because they were too focused on social engineering. 
  • How massive central bank and government stimulus could lead to inflation or deflation.
  • How inflation-indexed bonds such as Treasury Inflation Protection Securities can help reduce inflation risk, and why owning individual TIPs is particularly attractive right now.
  • Why it's okay for investors with a long time horizon to ride out the current market turmoil without reducing risk.
  • What are current and leading economic indicators suggesting about the severity of the economic shutdown and the potential for recovery.


Thanks to LinkedIn Learning and Rad Power Bikes for sponsoring the episode.

For show notes and more information on this episode click here.

Mar 25 2020

25mins

Play

Rank #19: Where Should You Invest Your Cash Savings?

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#220 How to evaluate cash savings options at banks, credit unions and brokerage firms. Why are yields on cash savings so much higher than a few years ago. How to tell if your bank or credit union is in experiencing financial difficulties. Thank you to Blinkist for sponsoring this week's episode.

For show notes and more information on this episode click here.

  • [0:10] All about banks, credit unions, and the pros and cons of cash savings
  • [4:47] How can banks and credit unions become financially unstable?
  • [14:25] The Federal Reserve is setting a new short term interest rate target
  • [15:55] What tools does the Federal Reserve have to keep short-term interest rates in line with its target?
  • [19:20] There are other options for investing your cash savings
  • [25:49] Is it really worth pursuing multiple investing options for your cash savings?

Sep 05 2018

27mins

Play

Rank #20: Why You Should Care About the Economy

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#6 Most people don't understand what the economy is, how it grows and what causes recessions. Nor do they care. This episode describes in simple terms how the economy works and why you should care so you can influence the quality of economic growth and its impact on the Earth's limited resources. Show notes at https://moneyfortherestofus.com/mny006-care-about-economy/

May 30 2014

24mins

Play

Ray Dalio and the Changing World Order

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What are the forces that lead to the rise and fall of nations. Why does the U.S. appear to be in decline and what investors can do to prepare.

Topics covered include:

  • An overview of Ray Dalio and Bridgewater Associates' investment process
  • Why human productivity is the most powerful force for creating wealth.
  • Additional forces that contribute to nations increasing in power and wealth.
  • Why being the reserve currency is an exorbitant privilege.
  • What are factors that indicate a nation's influence and power is in decline.
  • What are 5 important monetary principles all investors should understand.
  • What are the questions you should ask to gauge your economic well-being.
  • What investments should you own to prepare for a changing world order.


Thanks to LinkedIn Learning for sponsoring the episode.

For show notes and more information on this episode click here.

May 27 2020

22mins

Play

Has the Pandemic Changed You?

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A look at growing patterns consumers and businesses are adopting as a result of the Covid-19 pandemic.

Topics covered include:

  • Two constants in a radically unpredictable world
  • How removing things is more powerful than adding things
  • How airline travel will change, leading to more local travel
  • Why bicycle sales are soaring
  • How our social interactions are changing
  • What is local maxima
  • How the forces of money, trust, technology, and climate change have played out in the aftermath of the pandemic.


Thanks to The Great Courses Plus for sponsoring the episode.

For show notes and more information on this episode click here.

May 20 2020

17mins

Play

The Stock Market Is Not the Economy

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How the stock market differs from and can perform differently than the economy while remaining highly dependent on the economy for its success.

Topics covered include:

  • Why the stock markets in countries with lower economic growth performed better than the stock markets in countries with higher economic growth.
  • How the top 5 stocks in the S&P 500 Index have the largest weighting in 30 years and what will it takes for these stocks to outperform the market.
  • What are the largest contributors to U.S economic growth, most of which are not publicly traded.
  • How the U.S. government and the Federal Reserve saved the stock market.
  • How have stocks performed during economic recessions.
  • Why it is risky for investors to be dependent on the financial prospects of the largest technology stocks.


Thanks to Grammarly and Policygenius for sponsoring the episode.

For show notes and more information on this episode click here.

May 13 2020

27mins

Play

How to Protect Your Savings

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How to protect your savings from monetary threats like devaluation. Why high yield savings accounts exist, and are they worth it.

Topics covered include:

  • Why Lebanon defaulted on its national debt and announced it will devalue its currency by 57%.
  • Why some depositors in Lebanon will probably lose some of their bank savings.
  • What investors can do to protect themselves from currency devaluations.
  • What are stablecoins and why are they useful.
  • Why some online banks pay above-average interest rates on savings accounts.
  • Why banks need to attract new deposits even though they create deposits when they make a loan.


Thanks to Mint Mobile and Policygenius for sponsoring the episode.

For show notes and more information on this episode click here.

May 06 2020

27mins

Play

Why Negative Prices Exist and What They Can Teach Us

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Why the oil price fell below zero and what are other examples of negative prices. What lessons can we learn from negative prices.

Topics covered include:

  • How oil futures work and why the oil future prices fell below zero for the first time ever.
  • Why has the United States Oil ETF (USO) lost so much money.
  • How ETF authorized participants create new shares only so they can be shorted.
  • How storage problems for oil and electricity can lead to negative prices.
  • How negative interest rates are another form of negative prices.
  • Why sellers will pay buyers to deliver a service to them.
  • What financial lessons can we learn from negative prices.


Thanks to LinkedIn Learning and The Investor's Podcast for sponsoring the episode.

For show notes and more information on this episode click here.

Apr 29 2020

25mins

Play

Federal Reserve Insolvency and Monetizing the National Debt

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How central banks can become insolvent and why it can lead to hyperinflation. What are four ways the Federal Reserve and the U.S. Treasury could monetize the national debt.

Topics covered include:

  • What are the major asset and liabilities of the Federal Reserve
  • How does the Federal Reserve make a profit and what happens if it suffers a loss.
  • How has the Federal Reserve has significantly expanded the types of assets it will hold and what are the risks.
  • What could cause the Federal Reserve and other central banks to become insolvent.
  • What are the constraints central banks face.
  • What are four ways the U.S. national debt could be monetized.
  • How investors can protect themselves against central bank insolvency.


Thanks to The Great Courses Plus and Policygenius for sponsoring the episode.

For show notes and more information on this episode click here.

Apr 22 2020

26mins

Play

How Stories Go Viral and Drive Economic Events

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How the stories we tell ourselves lead to economic change. What are current pandemic related narratives that are impacting financial markets and the economy.

Topics covered include:

  • Examples of mathematical models for epidemics.
  • What are the risks when the global economy is opened again.
  • Under what circumstances do individuals rely on anecdotal evidence rather than statistics.
  • What are some propositions that underly how economic narratives spread.
  • What are some examples of major narratives that impact the economy.
  • How humans have a bias toward action and how to deal with that when the best course is to stay in place.
  • Should investors be increasing their stock exposure now that the markets are rallying and central banks are taking aggressive action.


Thanks to Policygenius and LinkedIn for sponsoring the episode.

For show notes and more information on this episode click here.

Apr 15 2020

24mins

Play

Decision Making: Uncertainty versus Risk

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What is the difference between risk and uncertainty and how our decision making approach should differ under each scenario. Why pandemics are highly uncertain and should be treated as such.

Topics covered include:

  • How the coronavirus pandemic is far worse than other pandemics this century.
  • How humans have a difficult time accepting that things won't return to normal.
  • What is the difference between risk and uncertainty.
  • How we make decisions should differ if something is uncertain versus risky.
  • What is the minimax regret approach to making decisions under uncertainty.
  • How stories help us deal with uncertainty.
  • How the story driving financial markets has changed.
  • What is the duration and severity of bear markets during a recession and how large have bear market stock rallies been.
  • What will it take for the pandemic to end and to be more confident about the future.


Thanks to Mint Mobile and Grammarly for sponsoring the episode.

For show notes and more information on this episode click here.

Apr 01 2020

28mins

Play

Will Infinite Money Save the Economy

Podcast cover
Read more

What central banks such as the Federal Reserve and federal governments are doing to counteract the negative impact of the pandemic related economic shutdown. What are the risks of this massive monetary and fiscal stimulus and how to mitigate those risks.

Topics covered include:

  • How central banks have the capacity to create an infinite amount of money.
  • How the Federal Reserve is using its money-printing ability to stabilize the financial system and reduce the negative impact of the pandemic related economic shutdown.
  • What are the mechanics of quantitative easing.
  • What are examples of stimulus programs during the Great Depression that didn't work because they were too focused on social engineering. 
  • How massive central bank and government stimulus could lead to inflation or deflation.
  • How inflation-indexed bonds such as Treasury Inflation Protection Securities can help reduce inflation risk, and why owning individual TIPs is particularly attractive right now.
  • Why it's okay for investors with a long time horizon to ride out the current market turmoil without reducing risk.
  • What are current and leading economic indicators suggesting about the severity of the economic shutdown and the potential for recovery.


Thanks to LinkedIn Learning and Rad Power Bikes for sponsoring the episode.

For show notes and more information on this episode click here.

Mar 25 2020

25mins

Play

How To Survive the Coronavirus (Covid-19) Shutdown

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How to avoid ruin and help others avoid ruin as the economy shuts down to slow the spread of the coronavirus.

Topics covered include:

  • What is the precautionary principle and how can it help us make important decisions with regards to the coronavirus pandemic.
  • How many people could be infected with Covid-19 in the next 30 to 60 days at the current daily growth rate.
  • Why investment managers are selling assets to reduce their market exposure.
  • Should individual investors be increasing or reducing their exposure to the stock market in the current market environment.
  • How recent actions by the Federal Reserve suggest they think a U.S. recession is imminent.
  • What can individuals locked down at home do to survive mentally and emotionally.
  • What we can do to help businesses avoid ruin during the pandemic crisis. 


Thanks to Netsuite and Rad Power Bikes for sponsoring the episode. Text the word RAD to the number 64-000 to get a free accessory with the purchase of a bike.

For show notes and more information on this episode click here.

Mar 18 2020

25mins

Play

What Are Closed-End Funds and How Do You Invest in Them?

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Why closed-end funds are David's favorite investment vehicle, particularly during market panics. What are the unique characteristics of these funds and what are successful strategies for investing them.

Topics covered include:

  • How closed-end funds differ from open-end mutual funds and ETFs.
  • Why most closed-end funds are bond funds and use leverage.
  • Why closed-end funds can sell at large discounts and premiums.
  • What are managed distribution programs.
  • How to evaluate and select closed-end funds.
  • What is the Income Factory approach to closed-end fund investing.

Thanks to LinkedIn and The HPScast for sponsoring the episode.

For show notes and more information on this episode click here.

Mar 11 2020

26mins

Play

Market Timing Versus Time in the Market

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Why most investors practice both market timing and time in the market. Why it is okay to reduce stock exposure given the coronavirus pandemic threat.

  • What would a stock portfolio return that misses the best or worst days and how likely is that.
  • How do rolling 30-year stock returns differ depending on the starting point.
  • Why are stocks likely to outperform bonds over the next 30 years.
  • What is sequence of return risk. 
  • What is market timing.
  • Why long-term investors should never move completely out of the stock market, but it is still okay to adjust stock exposure based on market conditions.
  • What are some additional rules of thumb for market timing.
  • How the coronavirus pandemic has increased financial and economic risks and what to do about it.

Thanks to Policygenius and Mint Mobile for sponsoring the episode.

For show notes and more information on this episode click here.

Mar 04 2020

25mins

Play

Will Early Retirements Crash the Economy

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Almost half of Millennials want to retire early. Will that hurt economic growth? There were similar concerns in the 1920s that early retirement would wreck the economy. In fact, there was significant pushback against retiring at all due to fears retirements would destroy the economy. Yet, the Great Depression still came. In this episode, we consider what ended the Roaring Twenties, caused the Great Depression, and how early retirements impact the economy. 

Topics covered include:

  • What is the paradox of thrift and how does it apply to early retirement.
  • Why the 1920s were called the Roaring Twenties.
  • Why the work culture in the 1920s was for workers to not retire, but "die in the harness."
  • What caused the Great Depression.
  • How economies and job markets adapt over time.
  • How waves of early retirements could change the economy.


Thanks to LinkedIn Learning and Vistaprint for sponsoring the episode. Use promo code David to get free shipping from Vistaprint.

For show notes and more information on this episode click here.

Feb 26 2020

23mins

Play

What Causes Hyperinflation and What To Do To Prepare For It

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What factors lead to hyperinflation, why it is so devastating, how hyperinflation can be overcome and what can individuals do to be prepared for hyperinflation.

Topics covered include:

  • What causes inflation and how do central banks manage it.
  • How the causes of hyperinflation differ from more normal levels of inflation.
  • What is the biggest challenge of living in a country with hyperinflation.
  • How Zimbabwe and other countries were able to overcome hyperinflation and how Venezuela is slowly taking steps to combat hyperinflation.
  • Why Zimbabwe is again experiencing high inflation.
  • How individuals can protect against inflation.
  • What individuals can do to prepare for hyperinflation in case it comes.


Thanks to Netsuite and Policygenius for sponsoring the episode.

For show notes and more information on this episode click here.

Feb 19 2020

24mins

Play

Coronavirus and the Financial Impact of Pandemics

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How pandemics have impacted the economy and financial markets. Where does the coronavirus rank in severity compared to other pandemics. What portfolio changes, if any, should investors make in response to the coronavirus pandemic.

Topics covered include:

  • Definition of a pandemic
  • The worst pandemics in the 20th and 21st centuries
  • What are the factors in determining the severity of the coronavirus' impact
  • What are the economic ramifications of the coronavirus.
  • How did financial markets perform during previous pandemic episodes.
  • Are there portfolio changes investors should make in response to the coronavirus


Thanks to Policygenius and LinkedIn Jobs for sponsoring the episode.

For show notes and more information on this episode click here.

Feb 05 2020

21mins

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Money Is Debt

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How most money, such as currency, bank deposits, money market mutual funds, and repurchase agreements, is really short-term debt, often backed by other debt. As a result, money is subject to runs when investors lose confidence and don't want to own it. That can lead to financial crises.

Topics covered in this episode include:

  • How counterfeiting currency works.
  • Why most money is debt backed by debt.
  • How a loss of confidence in money leads to bank runs and other financial crises.
  • How demand for U.S. Treasuries as collateral is keeping interest rates low even though the U.S. federal budget deficit is growing.
  • Why the Federal Reserve is considering capping interest rate yields on U.S. Treasuries and what are the risks of doing so.
  • What can individuals do to protect themselves against financial crisis caused by runs on banks and financial securities.


Thanks to Vistaprint for sponsoring the episode. Use promo code: "david" to get free shipping. Also thank you to The Bouqs Company for sponsoring the show. Use promo code: "david" to get 25% off.

For show notes and more information on this episode click here.

Jan 29 2020

25mins

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We Are All Financially Vulnerable

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How to protect against financial hardship and assist others who are struggling financially.

Topics covered include:

  • Why are so many families leaving Central America and seeking to enter the United States.
  • How have U.S. immigration patterns changed.
  • Why immigration leads to higher economic growth.
  • Why unsheltered homelessness is increasing around the world and what strategies have been effective in reducing homelessness.
  • What can individuals do to assist the homeless and others who are in financial distress.


Note: The original audio file stated that "oftentimes they [the ayslum seekers] wouldn't ever show up for their court case." That is an inaccurate statement. Most asylum seekers attend their court hearing. The audio has been modified to remove the inaccuracy.

Thanks to The Bouqs Co. for sponsoring the episode. Use code: david. Also thanks to Policygenius for being a long-time sponsor of the show.

For show notes and more information on this episode click here.

Jan 22 2020

27mins

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Why You Should Care About Carry Trades

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How investors make money with carry trades, how central banks encourage such trades, and what are the dangers to financial markets and the economy when carry trades get too big.

Topics covered include:

  • What are the attributes and examples of carry trades.
  • Why do carry trades exist even though investors can suffer massive losses.
  • What was Volmageddeon and Francogeddan.
  • How central banks are the largest carry traders and their actions encourage even more carry trades.
  • Why carry trades are deflationary and lead to systemic risk.
  • What should individual investors do about carry trades and how to take advantage of carry crashes.

Thanks to Robinhood and NetSuite for sponsoring the episode

For show notes and more information on this episode click here.

Jan 15 2020

30mins

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Is GDP the Best Measure of Happiness and Well-being?

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What factors determine the well-being of an individual or nation and why gross domestic product is an inadequate measure of prosperity.

Topics covered include:

  • Evidence many Americans are poorer than before the Great Recession.
  • Why life expectancy in the U.S. is falling.
  • How satisifiedare U.S. citizens.
  • What is GDP and why is the U.S. Bureau of Economics developing a new methodology
  • What are the flaws with GDP and why does it fall short in measuring well-being.
  • Which countries around the world are the most and least happy and what are the factors that contribute to that happiness.
  • Why were U.S. founding fathers worried about too many luxuries.
  • How the U.S. in the 19th century followed the same manufacturing model that China does today.

Thanks to Policygenius and LinkedIn for sponsoring the episode.

For show notes and more information on this episode click here.

Jan 08 2020

31mins

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Four Forces That Will Shape the Next Decade

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How climate change, money, trust and technology will interact to impact financial markets and the economy in the coming decade.

Topics covered include:

  • Why we change much more over a decade's time than we predict.
  • What is the best approach for transitioning to a new career.
  • What have stocks and bonds returned over the past decade and what are reasonable return expectations for the decade ahead.
  • Examples of how the impact of climate change is being priced into financial transactions.
  • Why Ray Dalio thinks the world has gone mad and the system is broken.
  • Why uncertainties regarding the creation, use and borrowing of money will be reflected in interest rates.
  • How trust and technology will impact global trade and productivity growth.


Thanks to Cove and Sleep Number for sponsoring the episode.

For show notes and more information on this episode click here.

Dec 18 2019

22mins

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iTunes Ratings

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Great information, great delivery

By Dreasttum - Nov 16 2019
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Ps to ranger7810; the correct spelling is “waste”, as in your review.

Great!

By Limma voom - Sep 08 2019
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Really appreciate the in depth treatment of some really diverse topics. Interesting every time!