Why has there been renewed interest in nuclear power generation in the last couple of years, and how can we invest in it?Topics covered include:Why did Microsoft sign an agreement to reopen a nuclear reactor at the infamous Three Mile Island nuclear facilityHow much does nuclear energy contribute to global power generationWhy is demand for electricity acceleratingWhat are the advantages and challenges with nuclear energyWhat investment vehicles individuals can use to invest in nuclear energyEpisode SponsorsNetSuite Delete Me – Use code David20 to get 20% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesMicrosoft in deal for Three Mile Island nuclear power to meet AI demand by Myles McCormick and Jamie Smyth—The Financial TimesNuclear Power Was Once Shunned at Climate Talks. Now, It’s a Rising Star. by Brad Plumer—The New York TimesInside Diablo Canyon Nuclear Power Plant | BG2 w/ Bill Gurley & Brad Gerstner—YouTubeQ&A - Germany’s nuclear exit: One year after—Clean Energy WireFukushima Daiichi Accident—World Nuclear AssociationChernobyl Accident 1986—World Nuclear AssociationNuclear Energy in a Low-Carbon Energy Future—NEIElectricity Mid-Year Update - July 2024—IEAWhat is U.S. electricity generation by energy source?—U.S. Energy Information AdministrationHow old are U.S. nuclear power plants, and when was the newest one built?—U.S. Energy Information AdministrationGlobal price of Uranium—FREDInvestments MentionedPelican Energy PartnersSprott Physical Uranium Trust Performance (SRUUF)GlobalX Uranium ETF (URA)VanEck Uranium and Nuclear ETF (NLR)Sprott Uranium Miners ETF (URNM)Sprott Junior Uranium Miners ETF (URNJ)Related Episodes469: Which Will Perform Better: Berkshire Hathaway or Utility Stocks?384: Has a Commodities Bull Market Supercycle Started? If So, How Do You Invest in It?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We explore what strategy and systems are and how we craft and change them. We consider how investment strategies and financial systems have changed over the decades and why this matters to your financial decisions.SponsorsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsDelete Me – Use code David20 to get 20% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesRuminating on Asset Allocation by Howard Marks—Oaktree CapitalMichael E. Porter—Harvard Business SchoolThis Is Strategy by Seth Godin—Simon & SchusterVictor Meets the Boglehead by Victor Haghani & James White—VettaFi Advisor PerspectivesStatic vs Dynamic Asset Allocation; Victor Meets the Boglehead—Bogleheads.orgTim Cook on Why Apple’s Huge Bets Will Pay Off By Ben Cohen—The Wall Street JournalRelated Episodes491: The Five Layers of Investing451: How Much Should You Invest in Stocks? The Art of Position Sizing in a Volatile Market420: Does a 60/40 Balanced Portfolio Still Work?397: How To Invest Based on CyclesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In the 500th episode of Money for the Rest of Us, we focus on the S&P 500 Index. How has the index changed, and why have U.S. stocks performed so well? Will U.S. stocks only return 3% in the next decade, as Goldman Sachs predicts.We also discuss major themes covered on Money for the Rest of Us over 500 episodes and what are our plans for the future. Thanks for being a part of Money for the Rest of Us over the past decade.SponsorsNetSuite - Download the CFO’s Guide to AI and Machine LearningShopify - Sign up for a $1 per month trial periodInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesSelect Sector Indices Consultation on Constituent Weightings Calculations – Results—S&P GlobalWhat Does an Election Year Mean for the Market?—S&P GlobalThe Great Rotation: A potential unwinding of hyper-concentration in the US may favor balanced global portfolios by Brian Chingono—VerdadThe Great Rotation (Part 2): The United States’ outsize weighting in commercial indices appears unjustified by its share of global GDP by Brian Chingono—VerdadDecade of Big S&P 500 Gains Is Over, Goldman Strategists Say by Sagarika Jaisinghani—BloombergDavid Stein LinkedIn Post—LinkedInVanguard warns investors over company stake limits by Steve Johnson, Will Schmitt, and Brooke Masters—The Financial TimesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We explore eight things that contribute to a healthy, growing economy and where Cuba and Argentina have fallen short.Topics covered include:Why Cuba continues to have rolling energy blackoutsWhy economic sanctions frequently don't workHow Argentina's President Millei is taking a "chainsaw" to the nation's economyWhy emerging markets will need to change their export-oriented growth trajectoryWhat are the risks to the long-term health of the U.S. economySponsorsMonarch Money – Get an extended 30-day free trialLegalZoom - Use code David10 to 10% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesCuba is out of supplies and out of ideas—The EconomistCuba plunged into crisis by long power blackouts by Ed Augustin—The Financial Times Power Outage Plunges All of Cuba Into Darkness by Frances Robles—The New York TimesWhy Economic Sanctions Backfire: The Role of Emigration in the Venezuelan Case by Nicolás Idrobo—SSRNThe Impact of the Cuban Adjustment Act on Cuban Immigrants in the US by Tamarys Bahamonde—SSRNHow is Javier Milei performing after nearly 11 months in office? by Michael Stott and Ciara Nugent—The Financial TimesThe weakest links in the global economy are on the mend by Ruchir Sharma—The Financial TimesArgentina’s poverty rate soars above 50% under Javier Milei by Ciara Nugent—The Financial TimesArgentina Inflation Slows to 2021 Levels in Win For Milei by Manuela Tobias—BloombergArgentina’s economy minister strikes defiant note on default risk by Ciara Nugent and Michael Stott—The Financial TimesArgentine Debt Rises Out of Distress Territory on Milei Reforms by Kevin Simauchi—BloombergArgentina Scrapped Its Rent Controls. Now the Market Is Thriving. by Ryan Dubé—The Wall Street JournalDeveloping Countries Can’t Count on Manufacturing to Supercharge Growth by Kai Schultz and Shruti Srivastava—BloombergRelated Episodes411: Is Emerging and Frontier Markets Investing Still Worth It? – With Asha Mehta409: What Is the IMF and Why Is It Controversial?233: Is An Emerging Markets Crisis Imminent?93: Capitalism, Complexity and CubaSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In episode 498, David shares how his investing has changed over the past ten years and lessons you can apply to your portfolio.Document Your JourneyKeep ExperimentingBe Willing to Adopt New Asset ClassesBe Very PatientTrade Less, Focus On Long-term DriversMonetary DiversificationDon't Focus on Relative PerformanceIgnore the NoiseTake Your TimeThere Is No Right Way to InvestSponsorsNetSuite Delete Me – Use code David20 to get 20% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesThe Investor Podcast 668: What I Learned About Investing w/ Stig BrodersenRelated Episodes454: How To Invest – Ten Rules of Thumb for Individual Investors423: A “Safe” 6% Yield: The Case for Investment Grade CLOs372: When Should You Sell An Investment?336: Own What Is RealSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why 401k and other defined contribution schemes are flawed, leading to a generation of workers unprepared for retirement. What are the solutions to fix the mess.TopicsWhy 401k and other defined contributions haven't worked, despite their popularityWhy defined benefit pension plans declinedWhy 401k plans are treated like emergency fundsHow to combine the best of 401k and defined benefit pension plansSponsorsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsMonarch Money – Get an extended 30-day free trialInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesThe Shift that Redefined Retirement Security by Shashwat Vidhu Sher—SSRNWas the 401(k) a Mistake? by Michael Steinberger—The New York Times MagazineWho Has Retirement Accounts? New Data Reveal Inequality in Retirement Account Ownership by Maria G. Hoffman, Mark A. Klee and Briana Sullivan—United States Census BureauU.S. Retirement Assets: Data in Brief—Congressional Research ServiceWhere do my CPP contributions go?—CPP InvestmentsRelated Episodes460: Should You Be Invested 100% in Stocks Before and During Retirement? A Recent Study Says Yes. 441: What If Social Security Had Been Privatized?279: Why All Retirees Should Consider an Income AnnuitySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why we need distinct risk buckets: balancing our natural loss aversion with the allure of opportunities that offer the potential for massive upside.Topics covered include:What is modern portfolio theory, and what are some of its flawsWhy so many people have gotten wealthy by being undiversifiedHow to balance personal risk, market risk, and aspirational riskHow prospect theory explains our attraction to positively skewed opportunitiesWhy most people won't get wealthy unless they take some aspirational riskSponsorsNetSuite Delete Me – Use code David20 to get 20% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesPortfolio Selection by Harry Markowitz—The Journal of Finance, Vol. 7, No. 1. (Mar., 1952), pp. 77-91Safety First and the Holding of Assets by A. D. Roy—Econometrica, Vol. 20, No. 3 (Jul., 1952), pp. 431-449The Misbehavior of Markets: A Fractal View of Financial Turbulence by Benoit Mandelbrot and Richard L. Hudson—Hachette Book GroupBeyond Markowitz: A Comprehensive Wealth Allocation Framework for Individual Investors by Ashvin B. Chhabra—The Journal of Wealth Managment, Vol. 7, No. 4, pp 8-34, Spring 2005The Wealth of Households: 2021: Current Population Reports by Briana Sullivan, Donald Hays, and Neil Bennett—Census.govAverage, Median, Top 1%, and all United States Net Worth Percentiles—DQYDJPROSPECT THEORY AND STOCK MARKET ANOMALIES by Nicholas C. Barberis, Lawrence J. Jin, and Baolian Wang—NBER WORKING PAPER SERIESRelated Episodes82: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity460: Should You Be Invested 100% in Stocks Before and During Retirement? A Recent Study Says Yes. 421: Beware of Survivorship Bias When InvestingInvesting Rule One: Avoid Ruin229: Stop Maximizing Your Returns Using Modern Portfolio TheorySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week on the podcast, we share excerpts from Plus episode 484 on ETF size and the impact of QE, as well as Plus episode 493 on stock market inelasticity.You can learn more about Money for the Rest of Us Plus here. Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What does the Federal Reserve's policy rate cut mean for our portfolios? Will interest rates keep falling? What changes should we make?Topics include:What determines interest rates, and where are those drivers currentlyWhat is the best estimate of bond returnsHow duration works and why it changesWhat are some current fixed income investment optionsSponsorsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsMonarch Money – Get an extended 30-day free trialOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesAsset CampFedWatch—CME GroupSummary of Economic Projections—US Federal ReserveInvestors may be getting the Federal Reserve wrong, again—The Economist Term Premium on a 10 Year Zero Coupon Bond—Federal Reserve Bank of St. LouisYield to Maturity Is Always Received as Promised by Richard J. Cebulaand Bill Z. Yang—Journal of Economics and FinanceThe Truth about Yield by Jason Bove and Mark Willauer—J.P. MorganRelated Episodes464: More Ways to Lock in Higher Yields in Case Interest Rates Fall463: How to Lock in Higher Yields in Case Interest Rates Fall455: Easier Investing, Richer Life: TIPS Ladders to Annuities418: Bond Investing MasterclassSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How do home equity investments, income share agreements, and music royalties work, and how can you participate?Topics covered include:How a home equity investment differs from a home mortgageWhat is the cost of home equity investmentsHow funding education through income share agreements has changedWhy artists sell royalties to their workHow individuals can invest in music royaltiesSponsorsNetSuite Delete Me – Use code David20 to get 20% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesUnlock Product Guide—UnlockPoint and Atalaya Capital Management Close Oversubscribed $141 Million Home Equity Investment Rated Securitization—Global NewswireWhat Colleges Should Know About Income Share Agreements and Private Education Loan Requirements by Rich Williams—HomeroomCFPB settles claims against operator of training program arising out of income share agreements by John L. Culhane, Jr. & Thomas Burke—Consumer Finance MonitorBond market: Bowie Bonds and the Evolution of the Bond Market—Faster CapitalRelated Episodes493: The Housing Affordability Crisis: What Caused It and How to Fix It349: Forward and Reverse Mortgages: When To Take Them Out and When to Pay Them Off307: Income Share Agreements—Good for Students or Investors?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What caused the 40% price increase in houses and rents, and what are governments doing to try to fix the problem.Topics covered include:Why 50% of the global population is frustrated with the lack of affordable housingHow the housing collapse as part of the Great Financial Crisis contributed to today's affordability crisisHow central bank QE programs have magnified the housing crisisHow restrictive zoning and short-term rentals contribute to the housing crisisWhat governments are doing to encourage more housing supplyWhat individuals can do until housing becomes more affordableSponsorsDelete Me – Use code David20 to get 20% offLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesConcern over housing costs hits record high across rich nations by Valentina Romei and Sam Fleming—The Financial TimesHome Price to Median Household Income Ratio (US)—LongtermtrendsHome Ownership Affordability Monitor—Federal Reserve Bank of AtlantaAMERICA'S RENTAL HOUSING 2024—Joint Center for Housing Studies of Harvard UniversityAmerica retains “rent burdened” status—Moody'sU.S. 2024 and 2025 Mid-Year Outlook Report—AirDNAARIZONA’S NEW HOUSING LAWS EXPLAINED—Tempe YIMBYWhat Kalamazoo (Yes, Kalamazoo) Reveals About the Nation’s Housing Crisis by Conor Dougherty—The New York TimesHow Rent Controls Are Deepening the Dutch Housing Crisis by Cagan Koc and Sarah Jacob—BloombergRelated Episodes389: Is Airbnb Intensifying the Housing Crisis?357: Is a Housing Crash Coming?238: The U.S. Is More Socialist Than Denmark Regarding Home MortgagesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, we explore the concept of optionality—how small, strategic decisions can lead to outsized rewards with limited downside risk. From ancient philosophy to modern financial strategies, discover how recognizing and seizing options can unlock opportunities in both life and investing.Topics covered include:How call and put options workThe difference between American and European style options and why it mattersWhy options are positively skewedExamples of using optionality in business and lifeWhy it can be challenging to commit when an option is "in the money"SponsorsShopify - Sign up for a $1 per month trial periodNetSuite - Download the CFO’s Guide to AI and Machine LearningInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesAntifragile by Nassim Nicholas Taleb—Penguin Random HouseThe Wisdom Of Finance: Discovering Humanity in the World of Risk and Return by Mihir Desai—Harper AcademicRefuse to Choose!: Use All of Your Interests, Passions, and Hobbies to Create the Life and Career of Your Dreams—Penguin Random HouseAn Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk by Allison Schrager—Penguin Random HouseRelated Episodes482: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity268: How To Better Manage RiskSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In Episode 491, we explore the five layers of investing, including which assets fit into each layer, and give examples of advertisements targeting each layer.The five layers are:1. Short-term trading2. Longer-term speculations3. Individual securities4. Diversified portfolios focused on underlying drivers and factors5. Maximum diversification with few changes and just a few holdingsEpisode SponsorsMonarch Money – Get an extended 30-day free trialLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsShow NotesAsset CampThe Role of Emotions in Financial Decisions by David Tuckett—ResearchGateMorningstar Active Passive BarometerRelated Episodes486: How Retail Traders Lose Big While Enriching Wall Street431: The Long-term Bullish Case for Gold306: Three Approaches to Asset AllocationSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How do buyouts, venture capital, and growth equity work? Has private equity outperformed the stock market, and can individual investors pursue these investment strategies?Topics covered include:How are private equity funds structured, and what are the feesHow is private equity performance measured, and how has it performedWhy does private equity have such a large dispersion of returns compared to the public stock marketWhat is private equity dry powder, and why is there much of itWhat are some ways individuals can invest in private equity and why should they use caution in doing soSponsorsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsNetSuite Our Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesUnderstanding Private Fund Performance by Kaitlin Hendrix and Mamdouh Medhat—SSRNWhat Drives Private-Equity Performance Persistence? New Deal-Level Evidence by Axel Buchner and Susanne Espenlaub and Abdul Mohamed—SSRNUnlocking the Power of Relationships: Limited Partner Networks and Performance in Private Equity by José Carlos Franco de Abreu Neto and Saito Richard—SSRNPrivate equity dry powder growth accelerated in H1 2024 by Dylan Thomas and Annie Sabater—S&P GlobalPrivate Equity Gets Creative to Buy Time for More Gains. Clients Say Pay Me Now by Allison McNeely and Dawn Lim—BloombergRelated Episodes458: Dissecting Stock Returns: Financial Engineering or Genuine Growth?440: Beware of Platform Risk350: How to Invest in Startups on Equity Crowdfunding Platforms?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week, we release one of David's favorite episodes from six years ago, Episode 203: Is Investing More Like Poker or Chess.Topics covered include:What is the difference between chess and poker.Why we need to separate the decision process from the outcome.How to improve the quality of our investment decisions.What are are wu-wei and qi and what role do they play in better decision making.SponsorsDelete Me – Use code David20 to get 20% offBetterment - the automated investing and savings appInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesThinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts by Annie DukeThinking Fast and Slow by Daniel KahnemanThe Tao of Pooh by Benjamin HoffTrying Not to Try: Ancient China, Modern Science, and the Power of Spontaneity by Edward SlingerlandSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In episode 489, we examine three factors that contributed to this week's big stock market declines, analyze whether a recession is imminent, and review David's recent portfolio changes.Topics covered include:The benefits of looking at market and economic trends monthlyHow bad was the recent U.S. employment report and what is the Sahm RuleWhat are leading economic indicators saying about recession riskWhy the Federal Reserve will be lowering its policy rate, leading to lower cash yieldsWhy the Japanese yen strengthened, leading to market turmoilWhy investors are rotating from large cap growth to small cap value stocksHow David locked in higher yieldsSponsorsNetSuiteMonarch Money – Get an extended 30-day free trialInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesTranscript of Chair Powell’s FOMC Press Conference July 31, 2024—The Federal ReserveGoolsbee Says Fed Won’t Overreact to One Month’s Data by Catarina Saraiva and Ananya Chag—BloombergCongressional Budget Office Updates Baseline: Deficit Spending is 27 Percent Higher Than Previously Estimated—U.S. House Budget CommitteeInvestments MentionedVanguard Growth ETF (VUG)Vanguard Small Cap Value (VBR)iShares International Developed Small Cap Value Factor ETF (ISVL)Invesco BulletShares 2031 Corporate Bond ETF (BSCV) iShares Large Cap Max Buffer ETF (MAXJ)BlackRock AAA CLO ETF (CLOA)Related Episodes485: Should You Invest in Defined Outcome (Buffer) ETFs?476: Is Small Cap Dead? Why You Shouldn’t Abandon Small Company Stocks472: Is the Economy as Bad as People Think?464: More Ways to Lock in Higher Yields in Case Interest Rates Fall463: How to Lock in Higher Yields in Case Interest Rates Fall423: A “Safe” 6% Yield: The Case for Investment Grade CLOs302: Investing is Not KnowingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What is the investment case for Ethereum, and what are the risks? A straightforward review of what ether and Ethereum are, how they work, and what it will take for the Ethereum blockchain to be successful.Topics covered include:Who launched Ethereum ETFs and what are the feesHow Ethereum differs from BitcoinExamples of applications built on the Ethereum blockchain including NFTs, stablecoins, DAOs, and tokenized real-world assetsHow Ethereum has evolved to lower fees, reduce supply, cut its energy use, and increase capacityWhat is Ethereum staking and how much can investors earn doing soWhat will cause ether to go up in priceSponsorsShopify NetSuiteOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesSpot Ethereum ETFs begin trading today: Here's what you need to know by Jason Shubnell—The BlockThe spot Ethereum ETFs' first week by the numbers by James Hunt—The BlockThe Idols NFT—theidols.ioRead Write Own by Chris Dixon—readwriteown.comEthereum is the Only Institution-Friendly Smart Contract Chain by Qiao Wang—MediumEthereumETH Staking—Coinbase5 Ways to Stake Your Crypto Assets—Staking RewardsEthereum's Dencun Upgrade: Unleashing Scalability and Efficiency—bitpaySolana vs. Ethereum: Which Is Better in 2024? —KuCoinRelated Episodes462: Now Should You Buy a Bitcoin ETF?373: Are Stablecoins Safe? Should You Own Them?368: How to Invest in Web3, DAOs, and the Metaverse339: How To Make Money with BlockFi, Dai, and the Evolving DeFi Ecosystem335: Are Non-Fungible Tokens (NFTs) Good Investments?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What we can monitor and do now in preparation for a 2030s depression, which may or may not arrive.Topics covered include:Why ITR Economics has been predicting a 2030s depression for over a decade.What are the early warning signs we can monitor for increasing risk of economic and financial turmoilWhat are U.S. and global population predictions by the Congressional Budget Office and the United NationsWhat is the status of Social Security and what would it take to make it more sustainableWhat are the impacts of a slowing or shrinking populationHow should we invest, and what other financial actions should we take in the face of long-term depression forecastsSponsorsDelete Me – Use code David20 to get 20% offMonarch Money – Get an extended 30-day free trialOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesTop 5 Causes of the 2030s Great Depression—ITR EconomicsThe Demographic Outlook: 2024 to 2054—Congressional Budget OfficeTestimony on Social Security’s Finances—Congressional Budget OfficeWorld Population Prospects 2024—The United NationsWorld Population Prospects 2024: Graphs/Profiles—The United NationsAmerica is uniquely ill-suited to handle a falling population—The EconomistSuddenly There Aren’t Enough Babies. The Whole World Is Alarmed. by Greg Ip and Janet Adamy—The Wall Street JournalRelated Episodes479: National Debt Master Class Finale – What To Do468: Lessons from Japan’s 34 Years of Stock Market Underperformance395: How Population Trends Will Impact Growth, Inflation, Investing and Well BeingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Gambling in the stock market is increasing, with most traders losing money while generating billions of dollars per year for brokerages and wholesalers. Will all this trading lead to big market swoons?Topics covered include:Why sports gambling has grown so muchHow gambling in the stock market is measured, and how prevalent is itWhy most traders lose money but continue to trade anywayHow uninformed traders improve market liquidity and encourage trading by informed tradingWhy being an asset allocator is more rewarding and as intellectually stimulating as tradingSponsorsNetSuiteBetterment - the automated investing and savings appInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesHow Stocks Became the Game That Record Numbers of Americans Are Playing by Claire Ballentine—BloombergMURPHY, GOVERNOR OF NEW JERSEY, ET AL. v. NATIONAL COLLEGIATE ATHLETIC ASSN. ET AL. SYLLABUS—The Supreme Court of The United StatesAmerica's Sports Betting Boom by Felix Richter—StatistaSearching for Gambles: Gambling Sentiment and Stock Market Outcomes by Yao Chen, Alok Kumar, Chendi Zhang—SSRNStocks as Lotteries: the Implications of Probability Weighting for Security Prices by Nicholas Barberis and Ming Huang—SSRNDay Trading for a Living? by Fernando Chague, Rodrigo De-Losso, Bruno Giovannetti—SSRNComputer based trading system and methodology utilizing supply and demand analysis—Google PatentsRetail Trading in Options and the Rise of the Big Three Wholesalers—Svetlana Bryzgalova, Anna Pavlova, Taisiya Sikorskaya—SSRNAmateurs Pile Into 24-Hour Options: ‘It’s Just Gambling’ by Gunjan Banerji—The Wall Street JournalRetail Traders Love 0DTE Options... But Should They? by Heiner Beckmeyer, Nicole Branger, Leander Gayda—SSRNRelated Episodes482: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity239: How to Be a Successful TraderSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Buffer ETFs protect against the downside while capping the upside. We examine them closely to see if they are worth it.Topics covered include:How buffer ETFs are structured and some current examplesHow buffer ETFs have performed over the past five yearsWhat are the risks of buffer ETFsHow loss aversion and narrow framing contribute to the popularity of buffer ETFsAre buffer ETFs worth it and what are some alternative strategies that could be used insteadSponsorsShopify NetSuiteInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesBlackRock Enters Booming Market for Stock ETFs With a 100% Hedge by Emily Graffeo—BloombergNew Stock ETF Offers 100% Hedge as Buffer Funds Nab $46 Billion by Emily Graffeo—BloombergThe Dynamics of Defined Outcome Exchange Traded Funds by Luis García-Feijóo and Brian Silverstein—SSRNMonetizing Loss Aversion for Fun and Profit—Paul KedroskyThirty Years of Prospect Theory in Economics: A Review and Assessment by Nicholas C. Barberis—Journal of Economic PerspectivesProspect Theory: An Analysis of Decision Under Risk by Daniel Kahneman and Amos Tversk—ECONOMETRICAInvestments MentionedInnovator U.S. Equity Ultra Buffer ETF - January Series (UJAN)Innovator U.S. Equity Ultra Buffer ETF - June Series (UJUN)iShares Large Cap Max Buffer Jun ETF (MAXJ)Innovator U.S. Equity Accelerated 9 Buffer ETF (XBJL)SPDR S&P 500 ETF Trust (SPY)Related Episodes465: Transforming Financial Regrets into Portfolio Gains: Five Strategies for Navigating Investment Emotions460: Should You Be Invested 100% in Stocks Before and During Retirement? A Recent Study Says Yes. 451: How Much Should You Invest in Stocks? The Art of Position Sizing in a Volatile Market394: How to Get Better at Risk Taking321: How to Analyze Complex InvestmentsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Seven ways to increase the odds of living long into your retirement years (if you choose to retire).SponsorsMonarch Money – Get an extended 30-day free trialLifetime Money for the Rest of Us Plus membershipOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesPodcast Stats: How many podcasts are there?—Listen NotesQuality Over Quantity Is A Growth Strategy by Steven Goldstein—Amplifi MediaSlow Productivity by Cal Newport—Penguin Random HouseWhy our brains crave beauty, art and nature by Jemima Kelly—The Financial TimesWhy southern Europeans will soon be the longest-lived people in the world—The EconomistWhat I’ve learnt from two decades eating in Paris by Simon Kuper—The Financial TimesGetting Good Sleep Could Add Years to Your Life—American College of CardiologyClose friends can help you live longer but they can spread some bad habits too by Maggie Mertens—NPRUnited we thrive: friendship and subsequent physical, behavioural and psychosocial health in older adults (an outcome-wide longitudinal approach) by E. S. Kim, W. J. Chopik, Y. Chen, R. Wilkinson and T. J. VanderWeele—Cambridge University PressWhy I’ve hung up my wellies and given up the country cottage by Tom Hodgkinson—The Financial TimesAn Emersonian Guide to Taking Control of Your Life by Arthur C. Brooks—The AtlanticWhy you should never retire—The EconomistIt’s not so ‘terribly strange to be 70’ by Anne Lamott—The Washington PostSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Millions of fintech app users have lost access to their cash. In this episode, we explain why this happened and show you how to protect yourself when placing cash with traditional banks, neobanks, and fintech platforms.Topics covered include:The mass chaos in the fintech space spawned by the bankruptcy of Synapse Financial TechnologiesWhat are FBO accounts, and why they are so troublesomeWhat is the difference between a traditional bank, a neo bank, and a non-bankWhat to look for and protect yourself when investing your cash savingsSponsorsNetSuite Delete Me – Use code David20 to get 20% offOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesCHAPTER 11 TRUSTEE’S INITIAL STATUS REPORT BY UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA SAN FERNANDO VALLEY DIVISION—CourtListenerFintech platform Synapse raises $33M to build ‘the AWS of banking’ by TechCrunch—SynapseX Post by Jason Mikula—X"Full Reconciliation... May Not Be Possible," Synapse Trustee Says by Jason Mikula—Fintech Business WeeklyMercury Seeking $30M From Synapse, Emergency Court Filing Reveals by Jason Mikula—Fintech Business WeeklyInfighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse by Mary Ann Azevedo—TechCrunchFintech startup Copper forced to discontinue banking services amid Synapse fiasco by Taylor Soper—GeekWirea16z-backed Tellus wants to offer consumers a much better savings rate. Here’s how. by Mary Ann Azevedo—TechCrunchFDIC Demands Three Companies Cease Making False or Misleading Representations about Deposit Insurance—FDICRelated Episodes440: Beware of Platform Risk424: Are More Bank Runs Coming? The Collapse of Silicon Valley Bank412: Where to Invest Your Cash Savings for Higher Yields304: A 15% Guaranteed Return? Lending on the Fringes of FinanceSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How a few high-impact successes drive up overall average outcomes in investing, business, and creative projects. How to harness positive skewness using a barbell approach. Learn when to mitigate risks and when to embrace them.Topics covered include:What is positive skewness and how does it manifest in investing, business and creative endeavorsHow power laws and the 80/20 rule workWhy we shouldn't beat ourselves up if we aren't incredibly successfulWhen should we reduce positive skewness and when should we embrace itSponsorsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsBetterment - the automated investing and savings appOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesLong-Term Shareholder Returns: Evidence from 64,000 Global Stocks by Hendrik Bessembinder, Te-Feng Chen, Goeun Choi, K.C. John Wei—SSRNLong-Horizon Stock Returns Are Positively Skewed by Adam Farago and Erik Hjalmarsson—SSRNWealth Creation in the U.S. Public Stock Markets 1926 to 2019 by Hendrik Bessembinder—SSRNThe Coffee Can portfolio by Robert G. Kirby—csinvestingActive vs Passive Investing U.S. Barometer Report—Morningstar Table 7. Survival of private sector establishments by opening year—U.S. Bureau of Labor StatisticsHow Many Podcasts Are There? (New 2024 Data) by Josh Howarth—Exploding TopicsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why are homeowners seeing home insurance premiums increases of up to 70%, as David has? What can you do if your insurer drops you, you get a huge premium increase, or you can no longer afford coverage?Topics covered include:What are the primary drivers of home insurance price increasesWhy these increases don't show up in the U.S. consumer price indexHow the reinsurance market works and why reinsurers are passing on 50% premium increases to property and casualty insurers.What percentage of home insurers self-insureWhat else can homeowners doSponsorsDelete Me – Use code David20 to get 20% offNetSuiteInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesHome Insurance Is Clobbering Consumers. Yet It’s Barely Counted in Inflation. by Jeanna Smialek—The New York TimesNIPA Handbook: Concepts and Methods of the U.S. National Income and Product Accounts: Chapter 5: Personal Consumption Expenditures—Bureau of Economic AnalysisThe crippling home insurance crisis hitting America by Rana Forhoohar—The Financial TimesThe Hidden Driver of Soaring Home Insurance Costs by Jean Eaglesham—The Wall Street JournalWhen Disaster Strikes: Preparing for Climate Change by Seán Nolan and Krishna Srinivasan—IMF BlogHome insurance was once a ‘must.’ Now more homeowners are going without. by Patrick Cooley—The Washington PostHomeowners Perception of Weather Risks 2023 Q2 Consumer Survey—Insurance Information InstituteInsurance Companies Feeling the Pressure in Iowa and the Midwest by Jerry Theodorou—Insurance JournalSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why stock, ETF, and bond trades are optimized to settle in less than a day, allowing investors quicker access to their cash and securities. What are the benefits and costs of optimization in the relentless drive for cheaper, faster, and more profitable.Why countries are moving to T+1 settlement from T+2 for security tradesWhat will it take for securHow BlackRock and Franklin have launched Treasury funds that are tokenized and trade on the Etherium networkHow optimization works and what are the tradeoffsHow we can use satisficing and rules of thumb in order to cope with the complexity of the worldSponsorsYahoo FinanceMonarch Money – Get an extended 30-day free trialOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesAbout the ‘T+1’ Rule Making US Stocks Settle in a Day by Lydia Beyoud and Greg Ritchie—BloombergSEC Chair Gensler Statement on Upcoming Implementation of T+1 Settlement Cycle—SECWhat faster trading cycles will mean for US markets by Jennifer Hughes and Harriet Clarfelt—The Financial TimesSpeedier Wall Street Trades Are Putting Global Finance On Edge by Greg Ritchie—BloombergBlackRock closes in on crown of world’s largest bitcoin fund by Will Schmitt and Brooke Masters—The Financial TimesOptimal Illusions: The False Promise of Optimization by Coco KrummeFinancial Statement Analysis with Large Language Models by Alex G. Kim, Maximilian Muhn, and Valeri V. Nikolaev—The University of ChicagoRelated Episodes457: AI’s Fork in the Road: Societal Bliss or Existential Threat329: Meme Stocks, GameStop, Short Squeezes, and Bubbles228: How Tokenization Will Radically Change InvestingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In part three of our national debt masterclass, we share a simple debt dynamics formula we can monitor to help guide our investment choices.Topics covered include:How much has the national debt grown over the past fifties years, and what are the underlying driversHow the budget deficit, interest rates, and economic growth determine the level and growth in the national debtUnder what circumstances will the U.S. default on its debtHow should we invest to protect ourselves from the uncertainties of the national debt situationSponsorsNetSuite Yahoo FinanceOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesJerome Powell: Full 2024 60 Minutes interview transcript—CBS NewsYellen says she disagrees with Moody's outlook on US debt by Ann Saphir and David Lawder—ReutersIMF Steps Up Its Warning to US Over Spending and Ballooning Debt by Christopher Condon—BloombergWHEN DOES FEDERAL DEBT REACH UNSUSTAINABLE LEVELS?—Penn WhartonThe Long-Term Budget Outlook: 2024 to 2054—Congressional Budget OfficePUBLIC DEBT AND LOW INTEREST RATES by Olivier J. Blanchard—NBERBond vigilantes snooze as Treasury market shrugs off vast US borrowing by Kate Duguid—The Financial TimesTerm Premium on a 10 Year Zero Coupon Bond—FREDInstantaneous Forward Term Premium 10 Years Hence—FREDSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In part two of this national debt series, we explore how households and businesses, including commercial banks, can choose not to participate in what some call a national debt ponzi scheme. We also look at how central banks and federal governments monetize the national debt using quantitative easing.SponsorsYahoo FinanceLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesCredit and Liquidity Programs and the Balance Sheet: Federal Reserve liabilities—Board of Governors of the Federal Reserve SystemAs of and for the Years Ended December 31, 2019 and 2018 and Independent Auditors’ Report—The United States Federal Reserve SystemDifferent types of central bank insolvency and the central role of seignorage by Ricardo ReisHow do central banks control inflation? A guide for the perplexed by Laura Castillo-Martinez and Ricardo ReisCan the Central Bank Alleviate Fiscal Burdens? by Ricardo ReisRicardo Reis Tweets on Monetizing the National DebtM2—Federal Reserve Economic DataAssets: Total Assets: Total Assets: Wednesday Level—Federal Reserve Economic DataAssets: Securities Held Outright: U.S. Treasury Securities: All: Wednesday Level—Federal Reserve Economic DataAmericans Reported Strong Personal Finances Late Last Year, Fed Finds by David Harrison—The Wall Street JournalA Complete Guide to Understanding and Protecting Against Inflation—Money For the Rest of UsA Complete Guide to Investing in TIPS and I Bonds—Money For the Rest of UsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In part one of this three part series, we consider why a country that issues debt in its own currency can't default unless it chooses to. We also explore how central banks can control interest rates on the national debt. We also consider whether it is possible for government borrowing to crowd out the private sector.SponsorsShopify NetSuiteInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesMoney In The Modern Economy: An Introduction – Bank of England – Q1 2014Money Creation In The Modern Economy – Bank of England – Q1 2014Congressional Budget Office 2017 Long-term Budget OutlookGoing for Broke: Deficits, Debt, and the Entitlement Crisis – Michael D. TannerBernanke’s Paradox: Can He Reconcile His Position on the Federal Budget with His Recent Charge to Prevent Deflation? – Pavlina R. Tcherneva – Levy Institute (includes quotes referenced in episode by Ben Bernanke and Michael WoodfordNew Framework for Strengthening Monetary Easing: “Quantitative and Qualitative Monetary Easing with Yield Curve Control” – Bank of JapanJapan’s Debt Burden Is Quietly Falling the Most in the World – BloombergThe Bone Clocks – David MitchellVenezuela Is Starving – Juan Forero – Wall Street JournalCurse or Blessing? How Institutions Determine Success in Resource-Rich Economies – Cato InstituteForget Taxes, Warren Buffett Says. The Real Problem Is Health Care. – New York TimesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 decadesWhat factors contributed to the underperformanceHow quality is an important factor to consider when investing in small capsWhat are the earnings prospects for small-cap stocksWhy small-cap stocks could deliver double-digit returns over the next decadeSponsorsYahoo FinanceMonarch Money – Get an extended 30-day free trialOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesUS small-caps suffer worst run against larger stocks in over 20 years by George Steer—The Financial TimesSmall stocks, big problems by Robin Wigglesworth—The Financial TimesThe Death of Small Cap Equities? by Chris Satterthwaite—Verdad The Quality of New Entrants by Chris Satterthwaite—VerdadRelated Episodes466: Does Dividend Investing Still Work?370: Should You Invest in Small-Cap and Mid-Cap Stocks?253: Are IPOs the New Ponzi Scheme?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 increasesHow central banks seek to overcome productivity-induced deflation by increasing the money supplyHow inflation and ongoing currency debasement encourage debt, the financialization of housing, and keep unprofitable companies in businessHow gold, Bitcoin, stocks, real estate, and other assets help us overcome currency debasementSponsorsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsNetSuite – Get your free KPI checklistAsset Camp WebinarInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesIs Japan finally becoming a "normal" economy?—The Financial TimesBroken Money by Lyn AldenA Complete Guide to Understanding and Protecting Against Inflation—Money for the Rest of UsRelated Episodes431: The Long-term Bullish Case for Gold429: Which Inflation Protection Strategies Worked and Which Didn’t? 389: Is Airbnb Intensifying the Housing Crisis?253: Are IPOs the New Ponzi Scheme?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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. bondsHow frequently have emerging markets bonds defaultedWhat is the difference between local currency and U.S. dollar-denominated emerging markets bondsWhy emerging markets nations are reformingWhat are the ways to invest in emerging markets bonds and what factors should you considerSponsorsBetterment - the automated investing and savings appMonarch Money – Get an extended 30-day free trialInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesEmerging Local Debt: A Once-In-A-Generation Opportunity? by Victoria Courmes—GMOEM Sovereign Defaults at Record Level, but Rating Outlooks More Balanced—Fitch RatingsThe big opportunity in emerging market debt by Victoria Courmes—The Financial TimesDefault Risk Fades in Emerging Markets as Riskiest Bonds Soar by Zijia Song, Giovanna Bellotti Azevedo, and Srinivasan Sivabalan—BloombergThe weakest links in the global economy are on the mend by Ruchir Sharma—The Financial TimesHow to invest in closed-end funds - Money for the Rest of UsInvestments MentionediShares 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 Episodes411: Is Emerging and Frontier Markets Investing Still Worth It? – With Asha MehtaHow to Invest in Closed-End FundsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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.SponsorsNetSuite Monarch Money – Get an extended 30-day free trialInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesJosh Jalinksi - Financial QuarterbackSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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.SponsorsBetterment – the automated investing and savings appLong Angle 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.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesSurveys of Consumers—University of MichiganConsumer sentiment climbs amid split views on business outlook—University of MichiganThe Purchasing Power of American Households—U.S. Department of the TreasuryUnemployment Rate—St. Louis FedWe Still Don’t Believe How Much Things Cost by Rachel Wolfe and Rachel Louise Ensign—The Wall Street JournalIt’s Been 30 Years Since Food Ate Up This Much of Your Income by Jesse Newman and Heather Haddon—The Wall Street JournalConsumers are increasingly pushing back against price increases — and winning by Christopher Rugaber—Yahoo! FinanceKraft Heinz ups ad spend, changes leadership by Christopher Lombardo—StrategyMany Americans Believe the Economy Is Rigged by Katherine J. Cramer and Johnathon D. Cohen—The New York TimesCovid-19 Coronavirus Pandemic—WorldometerRelated Episodes380: How Stories Drive Our Happiness and Financial Success294: How Stories Go Viral and Drive Economic Events286: Coronavirus and the Financial Impact of PandemicsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 workHow much can you earn investing in covered call strategiesWhat are some numerical examples based on current option pricesHow covered call strategies can be used for both stock and bond ETFsWhat are some covered call ETF examplesSponsorsLong Angle 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.NetSuite Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusInvestments MentionedJP 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 Episodes467: Unraveling the Truth About ETFs: Benefits, Analysis, and the Indexing Bubble Myth418: Bond Investing Masterclass321: How to Analyze Complex InvestmentsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 thriftHow borrowing money can lead to higher income and savings and potentially to bubblesHow hoarding differs from investing and why too much hoarding can deprive businesses of capitalHow 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?SponsorsBetterment – the automated investing and savings appLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesWait, Is Saving Good or Bad? The Paradox of Thrift—The Federal Reserve Bank of St. LouisRents: How Marketing Causes Inequality by Gerrit De Geest—Beccaria BooksFTC Challenges Kroger’s Acquisition of Albertsons—Federal Trade CommissionThe Lifespan of Large Appliances Is Shrinking by Rachel Wolfe—The Wall Street JournalRelated Episodes288: Will Early Retirements Crash the Economy?222: Why We Overpay and How It Contributes To Income InequalitySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 managersWhy Warren Buffett believes Berkshire's electric utility holdings were a mistakeWhy 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 currentlyGoing forward, will it be more profitable to invest in Berkshire Hathaway, a utility ETF, or an index fundSponsorsShopify - Sign up for a $1 per month trial periodNetSuite – Get your free KPI checklistInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesBerkshire Hathaway 2023 Shareholder Letter The Man Preparing for a Berkshire Hathaway Without Warren Buffett by Justin Baer—The Wall Street JournalWarren Buffett admits Berkshire Hathaway’s days of ‘eye-popping’ gains are over by Eric Platt—The Financial TimesActive vs Passive Investment Management Barometer Report—MorningstarBuffett sounds wildfire alarm as utilities industry enters new era by Eric Platt and Myles McCormick—The Financial TimesPaying for Electricity in California: How Residential Rate Design Impacts Equity and Electrification—Next10Investments MentionedBerkshire Hathaway Inc Class B (BRK.B)Vanguard Utilities ETF (VPU)Related Episodes466: Does Dividend Investing Still Work?463 Plus: Model Portfolios, UK versus US Valuations, MCI Premium, and MFD Proxy Battle444: Natural Disasters: Are They Truly Increasing? 242: Should You Let Warren Buffett Manage Your Money?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 decadesHow do Japan's demographic trends impact its economic challenges, and what are the solutionsWhy Japan's houses are built to depreciate in valueWhat lessons can we learn from Japan's extended bear marketSponsorsMonarch Money – Get an extended 30-day free trialInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesJapan’s Nikkei 225 index eclipses record high after 34 years by Leo Lewis—The Financial TimesInvestors eye further gains after Nikkei breaks through 1989 high by Leo Lewis and Kana Inagaki—The Financial TimesRelated Episodes235: What If Home Prices Always Declined178: Japan and the Impact of A Shrinking Population73 Plus: Investing In Japan38 Plus: Time Wealth and JapanSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 ETFsHow big are the largest ETF families and how has their market share grownWhy the rise of active ETFs blurs the distinction between active and passive investingWhy there doesn't appear to be an indexing price bubble, but the rise of passive investing has impacted volatility and decreased stock price informativenessA framework for how to analyze markets and select ETFs for your portfolioSponsorsLong Angle 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.NetSuite – Get your free KPI checklistInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesGlobal Fund Flows Dominated by Fixed-Income and ETFs—MorningstarIt’s Official: Passive Funds Overtake Active Funds by Adam Sabban—MorningstarETF Issuer League Tables—VettaFiGlobal ETF Market Facts: three things to know from Q3 2023 by Samara Cohen—iSharesRise of Passive Investing - Effects on Price Level, Market Volatility, and Price Informativeness by Pawel Bednarek—SSRNInvestments MentionedSPDR® S&P 500® ETF Trust (SPY)JPMorgan Equity Premium Income ETF (JEPI)Avantis US Small Cap Value ETF (AVUV)Related Episodes426: Which is Best – Active or Passive, ETFs or Funds?321: How to Analyze Complex InvestmentsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 dividendWhat is dividend smoothingHow have dividend payers performed relative to non-dividend payersWhy have non-dividend payers, which are primarily growth stocks, outperformed dividend payersHow the payout ratio and return on equity impact dividend strategiesWhat are reasons to include dividend strategies in your portfolioSponsorsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsBetterment - the automated investing and savings appInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesThe dividend puzzle by Fischer Black—The Journal of Portfolio ManagementCan Dividend Investing Rise From the Dead? by Jon Sindreu—The Wall Street JournalEinhorn Says Markets ‘Fundamentally Broken’ By Passive, Quant Investing by Matthew Griffin—BloombergYour Mutual Fund Stinks. Can This Wall Street Invention Change That? by Jason Zweig—The Wall Street JournalAsset CampInvestments MentionedWisdomTree 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 Episodes429: Which Inflation Protection Strategies Worked and Which Didn’t? 342: Is Another Great Inflation Coming?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 unavoidableWe analyze two regret case studies - one from David and one from a Plus memberWhy do we avoid big regrets but manage through small onesFive cognitive tricks to help manage financial regretsSponsorsNetSuite – Get your free KPI checklistLong Angle 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.Money for the Rest of Us listener surveyInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesFooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb—Penguin Random HouseRelated Content448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium408: Is Success Due to Hard Work, Talent, or Luck?What Is Risk vs Uncertainty?53: Should You Invest In Bitcoin?Investments MentionedVanguard Long-Term Bond ETF (BLV)Vanguard Extended Duration Trs ETF (EDV)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 yieldsHow volatility drag has impacted a long-term bond ETF like TLTWhy interest rates won't go up just because the government issues more bondsHow CDs, fixed annuities, and zero-coupon bonds workWe compare and contrast the seven fixed-income options reviewed in this two-part seriesSponsorsMonarch Money – Get an extended 30-day free trialMoney for the Rest of Us listener surveyInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesInvestors may be getting the Federal Reserve wrong, again—The EconomistToday's Best Multi-Year Guaranteed Annuities—Immediate AnnuitiesZero-Coupon Treasuries Flew Off Shelves During October Yield Surge by Elizabeth Stanton—BloombergInvestments MentionediShares 20+ Year Treasury Bond ETF (TLT)Invesco BulletShares 2029 Corporate Bond ETF (BSCT)Related Episodes463: How to Lock in Higher Yields in Case Interest Rates Fall418: Bond Investing MasterclassSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

With cash yields expected to fall, here's how you can keep your portfolio income elevated by purchasing longer-term individual bonds and bullet ETFsTopics covered include:How future short-term interest rates, inflation expectations, and term premiums impact long-term interest ratesHow each of those rate drivers contributed to the close to 1% drop in interest rates in the past three monthsHow yield to maturity is our guide to locking in a fixed return using individual bonds or bullet ETFsHow bullet ETFs work and what are some examplesWhat are callable bonds and how to analyze themHow to analyze municipal bondsWhy we might want to lock in higher yields todaySponsorsBetterment - the automated investing and savings appMoney for the Rest of Us listener surveyInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesTerm Premium on a 10 Year Zero Coupon Bond—FRED Economic DataInvestments MentionedVanguard 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 Episodes455: Easier Investing, Richer Life: TIPS Ladders to Annuities453: The Price of Money – 700 Years of Falling, Can Interest Rates Keep Rising?452: Beyond Stocks: The Allure and Strategy of Credit Investments448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium418: Bond Investing MasterclassSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 ETFsWhat are the fees and structure of these new Bitcoin ETFsHow Bitcoin is similar and different from the fiat money systemWhere Bitcoin fits in an investment portfolioSponsorsLong Angle 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.NetSuite – Get your free KPI checklistInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesStatement on the Approval of Spot Bitcoin Exchange-Traded Products - SECCoinbase at the Center of Bitcoin ETF Draws Envy and Risks - BloombergFederal Reserve Balance SheetRelated Episodes362: Should You Invest in a Bitcoin ETF?355: Which Money Is Crazier: The U.S. Dollar or Bitcoin?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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.SponsorsShopify - Sign up for a $1 per month trial periodLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesManaging Oneself by Peter F. Drucker—Harvard Business ReviewSoloing: Realizing Your Life's Ambition by Harriet Rubin—HarperCollinsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 biasedHow researchers build a broader database to study retirement outcomes and spending ratesHow a 100% stock portfolio performed compared to balanced portfolios and target date fundsWhy investors should have half their assets in international stocksWhy a 4% spending rule is too high, and what is the alternativeSponsorNetSuite – Get your free KPI checklistInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesBeyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice by Aizhan Anarkulova, Scott Cederburg, and Michael S. O'Doherty—SSRNThe Safe Withdrawal Rate: Evidence from a Broad Sample of Developed Markets by Aizhan Anarkulova, Scott Cederburg, Michael S. O'Doherty, and Richard W. Sias—SSRNRelated Episodes421: Beware of Survivorship Bias When Investing326: The New Math of Retirement Spending and Investing254: Should You Be 100% Invested In Stocks?250: Investing Rule One: Avoid RuinSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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.  SponsorsMadison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo CodeDelete Me – Use code David20 to get 20% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesHow the World Really Works by Vaclav Smil—VikingThe Day the World Stops Shopping by J.B. Mackinnon—Harper CollinsEarth for All: A Survival Guide for Humanity by Sandrine Dixson-Declève, et al—Earth for AllBarbarian Days: A Surfing Life by William Finnegan—Penguin Random HouseTao te Ching: Power for the Peaceful by Lao Tzu (Author) and Marc Mullinax (Translator)—Fortress PressSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 volatileHow interest rates, tax rates, and stock buybacks influence corporate profits and stock returnsWhy there are fewer publicly traded stocksHow the increase in leveraged buyouts has impacted the economyHow private equity funds use financial engineering to boost returnsSponsorsNetSuite – Get your free KPI checklistsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesUS CEOs start to contemplate Trump, round 2 by Rana Foroohar—The Financial TimesEnd of an Era: The Coming Long-Run Slowdown in Corporate Profit Growth and Stock Returns by Michael Smolyansky—The Federal Reserve10-Year Stock Market Returns—Crestmont ResearchStock Average—Crestmont ResearchStock EPS Reality—Crestmont ResearchWhat Matters More for Emerging Markets Investors: Economic Growth or EPS Growth? by Jason Hsu Jay Ritter Phillip Wool Yanxiang Zhao—Portfolio Management ResearchNominal Gross Domestic Product for United States—FRED Economic DataThe Secretive Industry Devouring the U.S. Economy by Rogé Karma—The AtlanticKey Drivers Behind Widespread Adoption Of NAV Financing by Matthew K Kerfoot—ProskauerThe Inevitable Rise of NAV Financing by Patricia Teixeira and Anastasia Kaup—Ropes & GrayHAVE EXCHANGE-LISTED FIRMS BECOME LESS IMPORTANT FOR THE ECONOMY? by Frederik P. Schlingemann and René M. Stulz—NBERLBOs Make (More) Companies Go Bankrupt, Research Shows by Alicia McElhaney—Institutional InvestorLeveraged buyouts and financial distress by Brian Ayash and Mahdi Rastad—ScienceDirectSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 productivityThe societal and economic impacts of AI, including its potential to enhance corporate profitability and individual productivityChanges at OpenAI's executive level are examined, highlighting a shift in the organization's direction and philosophyWhat is Effective Altruism and why is it so focused on the catastrophic risks of AIWhat are the phases that would lead to a singularity in which AI poses a threat to humanityWhy AI is still in the early stages, and how should individuals, businesses and regulators treat it at this pointSponsorsMadison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo CodeMoney 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.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesEveryday Chaos: Technology, Complexity, and How We're Thriving in a New World of Possibility by David Weinberger—Harvard Business Publishing EducationThe economic and market impact of artificial intelligence—Capital EconomicsThe Fight for the Soul of A.I. by David Brooks—The New York TimesHow a Fervent Belief Split Silicon Valley—and Fueled the Blowup at OpenAI by Robert McMillan and Deepa Seetharaman—The Wall Street JournalA.I. Belongs to the Capitalists Now by Kevin Roose—The New York TimesThe ‘AI doomers’ have lost this battle by Benedict Evans—The Financial TimesEffective Altruism80,000 HoursWhat is the AI alignment problem and how can it be solved? by Edd Gent—NewScientistSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.