Money For the Rest of Us
Money For the Rest of Us
J. David Stein
A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com
How to Invest in Startups on Equity Crowdfunding Platforms
The risks and opportunities of investing in startups on equity crowdfunding platforms. Topics covered include:Why do individual investors now have more access to startup investmentsWhat has been the historical performance of venture capital fundsHow most startups fail, leaving only a few startups to offset portfolio lossesWhat factors to consider when deciding on which startups to investWhy do startups have so many different share classesWhat platforms are available for individuals to invest in startupsWhy indexing by investing in every credible startup deal can lead to better performance than hand-selecting a few startups Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month. Subscribe here. Thanks to Streak and Masterworks for sponsoring the episode. For more information on this episode click here. Show Notes Squaring Venture Capital Valuations with Reality by Will Gornall and Ilya A. Strebulaev How Do Venture Capitalists Make Decisions? by Paul A. Gompers, Will Gornall, Steven N. Kaplan, and Ilya A. Strebulaev What Are SPACs and Should You Invest in Them?—Money For the Rest of Us First Quarter 2021 Private Capital Quarterly Review—Fund Evaluation Group Fourth Quarter 2020 Private Capital Quarterly Review—Fund Evaluation Group The Pervasive, Head-Scratching, Risk-Exploding Problem With Venture Capital by Kamal Hassan, Monisha Varadan, and Claudia Zeisberger Venture Outcomes are Even More Skewed Than You Think by Seth Levine—VC Adventure Venture Returns With Abe Othman of AngelList by Collin West—Kauffman Fellows Paul Kedrosky Related Episodes 253: Are IPOs the New Ponzi Scheme? 321: How to Analyze Complex Investments See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Jul 21
23 min
Forward and Reverse Mortgages: When To Take Them Out and When to Pay Them Off
How to decide when to take out a home mortgage and whether to pay it off early. How reverse mortgages can be a helpful retirement tool. Topics covered include:Why it is more difficult to get a mortgage todayHow federal government mortgage guarantees lead to lower mortgage ratesHow to analyze whether to pay off your mortgage earlyThe differences between personal risk, market risk, and aspirational riskHow reverse mortgages work and how they can be useful as a retirement income toolWhat are the costs of reverse mortgages Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month. Subscribe here. Thanks to IPVanish and Raycon for sponsoring the episode. For more information on this episode click here. Show Notes Quarterly Report on Household Debt and Credit 2021 Q1—Federal Reserve Bank of New York Selling Guide: Lender Letter LL-2021-03, Impact of COVID-19 on Originations (03/11/2021)—Fannie Mae0 Overreliance on Fannie and Freddie Violates Their Federal Charters by Norbert J. Michel, Ph.D.—The Heritage Foundation Mortgage Debt and Asset Allocation, Video by Ben Felix Plus Episode 329: Robinhood, Mortgages and ETF Transparency—Money For The Rest of Us Beyond Markowitz: A Comprehensive Wealth Allocation Framework for Individual Investors by Ashvin B. Chhabra How the HECM Program Works—U.S. Department of Housing and Urban Development Incorporating Home Equity into a Retirement Income Strategy by Wade D. Pfau Related Episodes 44: Should You Pay Off Your Mortgage? 238: The U.S. Is More Socialist Than Denmark Regarding Home Mortgages 317: How To Buy In A Hot Housing Market See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Jul 14
28 min
Listener Q&A: Individual stocks, housing bubble, crypto, retirement and more
We answer over a dozen questions from listeners on investing, housing, retirement, business, podcast production, and more. Topics discussed include:The Endowment ModelTeaching children about investing4 influential investing booksThe difference between being an entrepreneur and investingThe balance between too much and too little efficiency and productivityWhat we learned about investing from the Covid crashHow asset allocation changes as one gets olderThe state and future of cryptocurrencyIs now the time to buy individual stocks given high valuations for indicesDonor-advised fundsFDIC insuranceMoney For the Rest of Us production time and expensesIs it possible to have too much invested in one ETFIs a house and investment and will there be a housing crashHow to worry less about money Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here. Thanks to Policygenius and Clear for sponsoring the episode. Use code David to get two months free with Clear. For more information on this episode click here. Related Episodes 211: How To Navigate A Housing Bubble 306: Three Approaches to Asset Allocation 317: How To Buy In A Hot Housing Market See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Jun 30
31 min
Should You Invest in Frontier Markets?
What are the risks and opportunities of investing in frontier equity markets? Topics covered include:What are the criteria used to determine whether a country's stock market is considered a frontier, emerging, or developed marketWhy some countries aren't included in any MSCI stock indexHow large are frontier markets in terms of population, economic output, and equity marketsHow frontier market's favorable demographic profile make them attractive, but might not lead to higher investment returnsWhat are the risks of investing in frontier marketsHow expensive or cheap are frontier marketsWhat have been frontier market's historical returns, volatility, and maximum drawdownsWhat are ways to invest in frontier markets Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here. Thanks to Mint Mobile and LinkedIn for sponsoring the episode. For more information on this episode click here. Show Notes MSCI Market Classification MSCI 2020 Market Classification Review Kuwait’s Move from Frontier to Emerging Market—MSCI Frontier markets Longer Term Investments (LTI) by Corinne de Boursetty—UBS (PDF download) Frontier Markets: A Comparative Analysis by Cliff Quisenberry—Investment & Wealth Institute Urbanisation and Economic Growth: The Arguments and Evidence for Africa and Asia by Ivan Turok and Gordon McGranahan Why globalists and frontier-market investors love Vietnam—The Economist The Effects of Board Structure on Corporate Performance: Evidence from East African Frontier Markets by Yilmaz Guney, Ahmet Karpuz, and Gabriel Komba Related Episodes 233: Is An Emerging Markets Crisis Imminent? 328: Are You Underweight Chinese Stocks? Pros and Cons of Investing in China 341: How to Overcome Investing Fears See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Jun 23
25 min
Should You Buy an Electric Car or Truck?
What are the pros and cons of owning an electric vehicle (EV) compared with an internal combustion engine (ICE) vehicle. Are electric vehicles worth it? Topics covered include:What is the total energy consumption for EVs versus ICE vehicles including energy expended to produce the vehicles and energy used to produce the electricity and refine the gasoline that run the vehicles.What vehicles weigh the most, ICE, EVs, or hybridsHow the mix of renewables and coal in the power grid impacts the energy impact of electric vehicles.What is the total cost of owning an electric vehicle compared with a similar model ICE vehicle. Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here. Thanks to IPVanish and Raycon for sponsoring the episode. For more information on this episode click here. Show Notes The Gregor Letter The Greenhouse gases, Regulated Emissions, and Energy use in Technologies Model—Argonne National Laboratory Vehicle Cost Calculator—Alternative Fuels Data Center EV vs. Gas: Which Cars Are Cheaper to Own? by Roberto Baldwin—Car and Driver Batteries For Electric Cars Speed Toward a Tipping Point by Ira Boudway—Bloomberg Show Notes The Gregor Letter The Greenhouse gases, Regulated Emissions, and Energy use in Technologies Model—Argonne National Laboratory Vehicle Cost Calculator—Alternative Fuels Data Center EV vs. Gas: Which Cars Are Cheaper to Own? by Roberto Baldwin—Car and Driver Batteries For Electric Cars Speed Toward a Tipping Point by Ira Boudway—Bloomberg See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Jun 9
23 min
Investing In Water
What are ways to invest in water and is it an attractive investment? Topics covered include:How water rights work and how they have been overallocated in the Colorado River basin.Why agriculture uses the vast majority of water in the southwestern U.S. while contributing only a few percentage points to the region's gross domestic product.Why hedge fund manager Michael Burry invests in farmland instead of water rights.What ETFs are available to invest in waterWhat have the historical returns been for water stock investing, what are current valuations, and what is the expected long-term revenue growth. Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here. Thanks to Blinkist and Policygenius for sponsoring the episode. For more information on this episode click here. Show Notes Beyond the Signing by Laura Paskus—Water Education Colorado Where the Water Goes: Life and Death Along the Colorado River by David Owens What Happens When The Colorado River Runs Dry—Science Friday Editorial: There is no drought by The Times Editorial Board New Mexico’s coming megadrought highlights farmers’ control of water by Cody Nelson, Capital & Main—New Mexico Political Report Arizona | The Economic Contributions and Impacts of U.S. Food, Fiber, and Forest Industries—University of Arkansas Department of Agriculture U.S. Southwest, Already Parched, Sees ‘Virtual Water’ Drain Abroad by Diana Kruzman—Coyote Gultch Brazil’s Worst Water Crisis in 91 Years Threatens Power Supplies by Walter Brandimarte and Gerson Freitas Jr—Bloomberg Green Does Arizona really use less water now than it did in 1957? by Andrew Nicla—azcentral. Arizona’s Groundwater Management Act at Forty: Tackling Unfinished Business by Kirsten H. Engel, Esther Loiseleur, Elise Drilhon Michael Burry, Real-Life Market Genius From The Big Short, Thinks Another Financial Crisis Is Looming—by Jessica Pressler—Intelligencer Global water crisis: Investing in water—Fidelity Related Episodes 301: Use Caution with Alternative Investments 334: How To Invest In Farmland 336: Own What Is Real See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Jun 2
23 min
Why Should You Care About Shadow Banking?
Half of the global financial system is made up of shadow banks. You have probably already used one. What are shadow banks and what to be wary of when using them. Topics covered include:What are the roles of shadow banksWhat are examples of shadow banksHow two shadow banks, Greensill Capital and Archegos Capital Management, contributed to billions of dollars in lossesHow China's massive use of shadow banks differs from the rest of the worldHow individuals investors can benefit from the careful use of shadow banks. Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here. Thanks to Mint Mobile and Clear for sponsoring the episode. Use code David to get two months of Clear for free. For more information on this episode click here. Show Notes Q+A-What is shadow banking and why does it matter? by Michelle Martin—Reuters What You Need to Know About the Shadow Banking System Now by Craig Kirsner—Kiplinger Global Monitoring Report on Non-Bank Financial Intermediation 2020—Financial Stability Board How fintech will eat into banks’ business—The Economist Why is supply-chain finance, as practised by Greensill Capital, risky?—The Economist Tokio Marine defends governance over Greensill exposure by Leo Lewis, Kana Inagaki, and Ian Smith—Financial Times Related Episodes 304: A 15% Guaranteed Return? Lending on the Fringes of Finance 305: Are Banks Safe? 333: How The Covid Shock Nearly Destroyed The Financial System 339: How To Make Money with BlockFi, Dai and the Evolving DeFi Ecosystem See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
May 26
25 min
Why The Productivity Slowdown Could Lead to Lower Living Standards
Why productivity growth is key to creating wealth. Why U.S. productivity growth is slowing, and what we can do to increase business and personal productivity. Topics covered include:How productivity is measured and how it relates to GDP, inflation, and living standardsHow productivity growth has led to more food, better health, better housing, and more consumer goods.What are potential reasons why productivity growth is slowingEvidence that work from home has led to lower productivityWhat individuals and businesses can do to increase productivity Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here. Thanks to LinkedIn and Hello Fresh for sponsoring the episode. Use code david12off for 12 free meals with free shipping from Hello Fresh. For more information on this episode click here. Show Notes The Slowdown in Productivity Growth and Policies That Can Restore It by Emily Moss, Ryan Nunn, and Jay Shambaugh—The Hamilton Project The technology-employment trade-off: Industry, automation, and income effects by Gene Kindberg-Hanlon—World Bank Blogs Will productivity and growth return after the COVID-19 crisis? by Jan Mischke, et al.—McKinsey & Company Work from Home & Productivity: Evidence from Personnel & Analytics Data on IT Professionals by Michael Gibbs, Friederike Mengel, Christoph Siemroth—Becker Friedman Institute for Economics The Work of the Future: Building Better Jobs in an Age of Intelligent Machines by David Autor, David Mindell, and Elisabeth Reynolds—Massachusetts Institute of Technology How to Stop Worrying and Love the Robot Apocalypse (Ep. 461) by Stephen J. Dubner, Produced by Zack Lapinski—Freakanomics Is working from home bad for productivity? by Claire Jones—Financial Times A World Without Email: Reimagining Work in an Age of Communication Overload by Cal Newport Effortless: Make It Easier to Do What Matters Most by Greg McKeown Related Episodes 142: Why Are Some Nations Wealthier Than Others? 231: What Determines How Much You Make 300: Ray Dalio and the Changing World Order 331: Why Do We Work So Much? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
May 19
22 min
Is Another Great Inflation Coming? Best Inflation Hedges
How today's inflationary environment is similar and different from the great inflation of the 1970s. What are the best assets to protect your portfolio if the next great inflation is here. Topics covered include:How is inflation measured and why the pandemic made calculating inflation difficultWhat causes inflationWhy is inflation increasing currentlyWhat caused the great inflation of the 1970sWhich assets are best to own to protect against inflation Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here. Thanks to Blinkist and IPVanish for sponsoring the episode. For more information on this episode click here. Show Notes A Complete Guide to Understanding and Protecting Against Inflation—Money For The Rest of Us Great Inflation 2.0? Lessons from the 1970s by Simon Macadam—Capital Economics When it comes to inflation, how much fortitude does the Fed have? by Sebastion Mallaby—Financial Times If Inflation Is Coming, Here Is What to Do About It by James Mackintosh—The Wall Street Journal A Complete Guide to Investing in TIPS and I Bonds—Money For The Rest of Us 334 Plus: A New Inflation ETF, Inverse ETFs, and Excess CAPE Yields—Money For The Rest of Us IVOL ETF Analysis and Review—Money For The Rest of Us What is Roll Yield and How It Impacts Commodity and VIX ETF Returns—Money For The Rest of Us DIVIDENDS: THEORY AND EMPIRICAL EVIDENCE—Aaron Brask Capital, LLC. Related Content A Complete Guide to Understanding and Protecting Against Inflation A Complete Guide to Investing in TIPS and I Bonds IVOL ETF Analysis and Review What is Roll Yield and How It Impacts Commodity and VIX ETF Returns 336: Own What Is Real 337: Why in the World Would You Own Bonds? 338: The National Debt, Inflation, and the U.S. Dollar—What Could Go Wrong? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
May 12
29 min
How To Overcome Investing Fears
Seven ways to manage fear in order to improve your investing. How fear can be beneficial. Topics covered include:Why fear can be both helpful and harmfulWhy expected investment returns are lower from a year agoWhat are the drivers of asset class returnsWhat is a bucket approach to investing and why it can be helpfulWhat are ways to automate investingWhy getting an investment second opinion can be valuableWhy we can never avoid investing mistakes Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here. Thanks to Raycon and Policygenius for sponsoring the episode. For more information on this episode click here. Show Notes “How do I get rid of the fear?” by Seth Godin—Seth's Blog The Gift of Fear by Dharmavidya David Brazier—Tricycle: The Buddhist Review Related Episodes 254: Should You Be 100% Invested In Stocks? 306: Three Approaches to Asset Allocation 326: The New Math of Retirement Spending and Investing See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
May 5
24 min
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