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 Make Portfolio and Asset Allocation Changes
We consider four case studies in which individuals struggle to decide what to do with their investment portfolios. Topics include:Why it's so difficult to reenter the stock market after sitting on the sidelines and what to do insteadWhat are the risks of having a too aggressive portfolio allocation in retirement and what to do insteadWhat to do when an investment strategy has worked really well but you feel it is time to make a changeHow to decide on an appropriate portfolio mix after a significant financial change You can learn more about Money for the Rest of Us Plus here. For more information on this episode click here. Related Episodes 306: Three Approaches to Asset Allocation 401: Why Diversifying Your Portfolio Feels Awful Show Notes Case studies were pulled from the following Plus episodes: 287 Plus: Coronavirus Update, Mid Month Investment Conditions and Overcoming the Fear of Investing 306 Plus: Member Profile, Bond Investing, and Emerging Technology 310 Plus: Mid Month Update and a Member Wants to Reallocate from Growth Stocks 331 Plus: Member Profile, Tail Risk Protection, Rental Real Estate as Bond Substitute, and YYY ETF See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Feb 1
31 min
Bond Investing Master Class - How to Invest in Fixed Income
What you need to know to confidently invest in bonds. Topics covered include:Key components of bond investing include face value, coupon rates, yield-to-maturity, duration, and convexityHow to decide between owning longer-term or short-term bondsHow to decide whether to own individual bonds or bond funds and ETFsWhen to use active bond management versus bond indexingHow bullet bond ETFs work and when to use themHow to know when to invest in municipal bonds and corporate bondsWhen should you own foreign bondsShould you own bonds in taxable or tax-deferred accountsA bond case study based on current interest rates For more information on this episode click here. Sponsors Money Pickle - Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. Go here to schedule your free session. Fundrise - The largest direct-to-investor alternative investment platform in the U.S. Show Notes A Complete Guide to Investing in I Bonds and TIPS—Money for the Rest of Us Investments Mentioned iShares 20+ Year Treasury Bond ETF (TLT) Vanguard Short-Term Treasury ETF (VGSH) iShares® iBonds® Dec 2025 Term Treasury ETF (IBTF) iShares® iBonds® Dec 2025 Term Corporate ETF (IBDQ) Vanguard Total Bond Market Index Fund ETF (BND) Doubleline Total Return Bond Fund (DBLTX) Related Episodes 337: Why in the World Would You Own Bonds? 378 Plus: A Frustrating Time To Invest and Did Bulletshares Underperform? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Jan 25
37 min
Will Generative AI Like ChatGPT Replace Your Job?
How sophisticated AI apps from OpenAI and other companies create articles, art, and other works that have never existed. How generative AI will impact business owners, employees, students, and financial markets. Topics include:How AI is creating personal finance articles and other creative worksChatGPT's attempt at writing a script for the Money For the Rest of Us podcastHow ChatGPT and other large language models workWhat are the risks and flaws of generative AIHow can we adapt and take advantage of generative AI For more information on this episode click here. Sponsors Masterworks – invest in contemporary art NetSuite - the leading integrated cloud business software suite Show Notes We Are Here To Create: A Conversation with Kai-Fu Lee—Edge CNET Is Quietly Publishing Entire Articles Generated by AI by Frank Landymore—Futurism CNET Money—CNET Should You Break a CD Early for a Better Rate by AI engine and edited by Jaclyn DeJohn—CNET NerdWallet, Inc. Q3 2022 Earnings Call—NerdWallet OpenAI The Backstory of ChatGPT Creator OpenAI by Berber Jin and Miles Kruppa—The Wall Street Journal GPT-3.5 + ChatGPT: An illustrated overview by Alan D. Thompson—Life Architect AI-generate answers temporarily banned on coding Q&A site Stack Overflow by James Vincent—The Verge Alarmed by A.I. Chatbots, Universities Start Revamping How They Teach by Kalley Huang—The New York Times A Coming-Out Part for Generative A.I., Silicon Valley's New Craze by Kevin Roose—The New York Times See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Jan 18
25 min
Your Nation's National Debt: 5 Things You Need to Know
We analyze the worrisome national debt situation in the U.S., UK, and Japan and consider what will determine the likelihood of default Topics covered include:How big is the national debt in the U.S., UK, and JapanWhy Japan and UK interest rates have increasedWhen do federal government debts jump the mostWhat two numbers are key to whether a level of national debt is sustainableWhat are five ways indebted countries have reduced the relative size of their debtWhy quantitative easing is not a solution to a national debt crisis For more information on this episode click here. Sponsors Shopify Fundrise Show Notes Debt to the Penny—U.S. Treasury Fiscal Data Federal Debt and the Debt Limit in 2022—Congressional Research Service Can the Central Bank Alleviate Fiscal Burdens? by Ricardo Reis—London School of Economics and Political Science UK government debt and deficit: June 2022—Office for National Statistics Japan's Experience with Yield Curve Control by Matthew Higgins and Thomas Klitgaard—Liberty Street Economics What is the national debt?—U.S. Treasury Fiscal Data Major Foreign Holder of Treasury Securities—Treasury International Capital System, U.S. Treasury The Liquidation of Government Debt by Carmen M. Reinhart and M. Belen Sbrancia—International Monetary Fund Related Episodes 295: Federal Reserve Insolvency and Monetizing the National Debt 338: The National Debt, Inflation, and the U.S. Dollar—What Could Go Wrong? 360: Will the U.S. Default? Debt Ceilings, Government Shutdowns, and the National Debt See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Jan 11
28 min
Listener Q&A
We kick off 2023 by answering your questions on making portfolio changes, risk tolerance, the strong dollar, inflation and retirement, influential books, and other topics. For more information on this episode click here. Episode Sponsors Thanks to LinkedIn for sponsoring the episode. Use this link to post your job for free on LinkedIn Jobs. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Jan 4
46 min
Use Caution With Private REITs Like Blackstone’s BREIT - Is Now a Good Time to Invest in REITs?
How public equity REITs differ from private REITs. Why investors are selling out of private REITs and why private REIT sponsors like Blackstone and Starwood are limiting investors' ability to do so. Topics covered include:What are public and private real estate investment trustsWhy has Blackstone's BREIT been such a successWhy investors are trying to exit private REITsWhy commercial property values are fallingIs now a good time to invest in public and private REITs? For more information on this episode click here. Sponsors Policygenius LinkedIn – Post your job for free Show Notes How the gates closed on Blackstone’s runaway real estate vehicle by Antoine Gara, Sujeet Indap, and Kaye Wiggins—Financial Times Investors Yank Money From Commercial-Property Funds, Pressuring Real-Estate Values by Konrad Putzier and Peter Grant—The Wall Street Journal How the gates closed on Blackstone’s runaway real estate vehicle by Antoine Gara, Sujeet Indap, and Kaye Wiggins—Financial Times Investors Yank Money From Commercial-Property Funds, Pressuring Real-Estate Values by Konrad Putzier and Peter Grant—The Wall Street Journal Property Insights: Roller Coaster by Michael Knott—Green Street Rising Interest Rates Threaten to Expose Office Buildings’ Inflated Values by Konrad Putzier—The Wall Street Journal Why Blackstone’s $69 Billion Property Fund Is Signaling Pain Ahead for Real Estate Industry by John Gittelsohn and Patrick Clark—Bloomberg Blackstone’s $70 Billion Real Estate Fund for Retail Investors Is Losing Steam by Dawn Lim and John Gittelsohn—Bloomberg Related Episodes 183: How To Invest In Commercial Real Estate 230: Use Caution With Real Estate Crowdfunding See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Dec 14, 2022
26 min
What if the World Stopped Shopping?
How to solve the conundrum that consumption reductions lead to economic disasters while benefiting the environment. Topics covered include:Why consumption, fossil fuel usage, and carbon emissions keep growingHow fossil fuel consumption goes well beyond heating and transportation uses but is tied to agriculture, steel, and cement productionThe four times global consumption fell and the dire economic consequences that resultedHow the world is consuming twice as many resources as the planet can sustainHow the economy could still grow while reducing the environmental impact For more information on this episode click here. Sponsors MasterClass - Get two annual memberships for the price of one Masterworks – invest in contemporary art Show Notes How the World Really Works: The Science Behind How We Got Here and Where We’re Going by Vaclav Smil The Day the World Stops Shopping: How Ending Consumerism Saves the Environment and Ourselves by J.B. Mackinnon Global Footprint Network Related Episodes 262: Better Not Bigger, Circular Not Linear – How the Global Economy Is Changing 282: Is GDP the Best Measure of Happiness and Well-Being? 340: Climate Change, ESG, and What Should Investors Do? 395: How Population Trends Will Impact Growth, Inflation, Investing, and Well Being See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Dec 7, 2022
22 min
Where to Invest Your Cash Savings for Higher Yields
What are the best options for safely investing cash. Topics covered include:High-yield savings accountsCertificates of DepositsGovernment BondsMoney Market Mutual FundsWhen should you invest in long-term bondsWhy some savings apps try to look like banks but they are notWhat happens when central banks lose moneyWhere not to deposit cash for safety For more information on this episode click here. Sponsors MasterClass - Get two annual memberships for the price of one Money App - Triple Your Paycheck Giveaway Show Notes a16z-backed Tellus wants to offer consumers a much better savings rate. Here’s how. by Mary Ann Azevedo—TechCrunch Factors Affecting Reserve Balances—U.S. Federal Reserve Liabilities and Capital: Liabilities: Earnings Remittances Due to the U.S. Treasury: Wednesday Level—FRED What if the Federal Reserve books losses because of its quantitative easing? by William B. English and Donald Kohn—Brookings U.S. Banks Lost a Record $370 Billion in Deposits Last Quarter by David Benoit—The Wall Street Journal Crypto Lender BlockFi Follows FTX Into Bankruptcy by Alexander Gladstone—The Wall Street Journal Related Episodes 304: A 15% Guaranteed Return? Lending on the Fringes of Finance 392: What Is Money and How to Use It 410: Is Cryptocurrency Dead? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Nov 30, 2022
26 min
Is Emerging and Frontier Markets Investing Still Worth It? - with Asha Mehta
Camden and David converse with Asha Mehta, Managing Partner & CIO at Global Delta Capital about the bullish case for emerging and frontier market stocks as well as the risks. Topics covered include:How to go about investing in emerging marketsShould you invest in ChinaWhere are the most promising emerging and frontier marketsWhy aggregate emerging markets earnings have been lacklusterHow to balance quantitative analysis with subjective reasoning For more information on this episode click here. Sponsors MasterClass - Get two annual memberships for the price of one Masterworks – invest in contemporary art Show Notes Power of Capital by Asha Mehta Global Delta Capital Related Episodes 249: Should You Invest in India? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Nov 23, 2022
44 min
Is Cryptocurrency Dead? Will the FTX Fallout Kill Crypto?
How the bankruptcy of FTX, the world's third-largest crypto exchange, undermines trust in cryptocurrency and decentralized finance, making it even more difficult for crypto to ever be taken seriously as a monetary alternative. Topics covered include:How FTX squandered its customers' depositsHow FTX is another example of a private money bank runHow traditional securities lending works and why it is very low risk compared to the highly speculative nature of cryptocurrency lending platformsHow FTX's demise is impacting numerous entities including Voyager, BlockFi, Bitcoin miners, venture capitalists, and many othersHow should individual investors store cryptocurrency, and does it even make sense to continue to own it For more information on this episode click here. Sponsors LinkedIn – Post your job for free Money For the Rest of Us Plus Show Notes Don't Miss Out on Crypto: Larry David FTX Commercial The spectacular implosion of crypto’s biggest star, explained by Emily Stewart—Vox Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet by Ian Allison—CoinDesk FTX held less than $1bn in liquid assets against $9bn in liabilities by Antoine Gara, Kadhim Shubber, and Joshua Oliver—Financial Times FTX balance sheet, revealed by FT Alphaville—Financial Times FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall by Vicky Ge Huang, Alexander Osipovich, and Patricia Kowsmann—The Wall Street Journal After FTX: Rebuilding Trust in Crypto’s Founding Mission by Noelle Acheson—CoinDesk How Sam Bankman-Fried’s Crypto Empire Collapsed by David Yaffe-Bellany—The New York Times Exclusive: At least $1 billion of client funds missing at failed crypto firm FTX by Angus Berwick—Reuters Investors Who Put $2 Billion Into FTX Face Scrutiny, Too by Erin Griffith and David Yaffe-Bellany—The New York Times FTX signs deal with option to buy BlockFi for up to $240 mln by Niket Nishant and Aditya Soni—Reuters Voyager Digital and Voyager Official Committee of Unsecured Creditors Provide Update on Reorganization Plan—Cision Crypto lender BlockFi says it has significant exposure to FTX by Manya Saini and Shailesh Kuber—Reuters Coinbase Quarterly Earnings Related Episodes 393: What Happens If Your Brokerage Firm Goes Bankrupt See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Nov 16, 2022
22 min
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