Money For The Rest Of Us

In 2005, Congress debated giving U.S. workers private savings accounts to invest their Social Security contributions in the stock and bond markets. Sixteen years later, we review how that would have worked out for workers.Other topics discussed include:How the public and private sectors are both critical for a functioning social security systemsWhich countries pay the highest social security benefitsHow have other privatized social security plans worked out around the worldHow workers prefer defined contribution plans even though they are worse off than if defined benefit plans were still widely availableHow worried should we be about aging populations and rising dependency ratiosWhy Social Security won't go awaySponsorsMadison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo CodeFactor - Use code david50 to get 50% off your meal orderUse this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the

How to mitigate the risk of investing on crowdfunding platforms where there is little transparency on the underlying financial health of the platform company.Topics covered include:What is the platform economyHow blitzscaling and an over-reliance on venture capital funding led to Peer Street's bankruptcyWhat happens next for investors on Peer Street's platformsHow individuals and businesses can mitigate the risk of investing or conducting business on platformsSponsorsMadison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo CodeUse code MONEY10 to get 10% off on your NAPA Autoparts online order.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesAmazon: Independent Sellers In The U.S. Sold More Than 4.1 Billion Products in 2022 by SGB Media—SGB MediaPeerStreetLinkedIn Post by Brett Crosby—LinkedInCrowdfunding platform PeerStreet files for bankruptcy by Flávia Furlan Nunes—Housingw

AI models like ChatGPT could lead to massive productivity gains, accelerated economic growth, and higher stock returns. Here's how to invest in AI.Topics covered include:How workers are already using AI models like ChatGPT to boost productivityWhy ChatGPT is better at search than Google for certain queriesHow AI models will change the economic narrativeWhat are ways to invest in AI, including specific ETFsFor more information on this episode click here.SponsorsNetSuite – the leading integrated cloud business software suiteMasterworks – invest in contemporary artMasterworks Disclosure:“net IRR” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold, and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd Show NotesSarah Silverman Sues OpenAI and Meta Over Copyright Infringement by Zachary Small—The N

Camden and Bret sit down with Ramit Sethi, host of Netflix’s hit show, “How to Get Rich”, author of the New York Times bestseller, “I Will Teach You To Be Rich” and host of the popular “I Will Teach You To Be Rich” podcast. He is known for his unconventional insights on money psychology and his no-nonsense approach to designing and living a rich life. Ramit’s financial philosophy is centered around several key principles, including the importance of automating your finances, using money psychology to prioritize your “money dials,” and focusing on $30,000 questions instead of $3 ones.Topics covered include:What it means to live outside the spreadsheet and have a rich lifeThe importance of learning how to spend, not just save and investApproaching investing when you don’t come from an investment background and what to do if you are feeling behindFor more information on this episode click here.Episode SponsorsNordVPN – Click here for a special offerUse code MONEY10 to get 10% off on your NAPA Auto

How to create and sustain a life of freedom and happiness you don't want to retire from.Topics covered include:What are the physical and mental aspects of living like you are already retiredWhat is the good life, and what are the basic goods that contribute to itHow we handle time is the key to the good life and living like we are already retiredFor more information on this episode click here.SponsorsMoney 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.Use code MONEY10 to get 10% off on your NAPA Autoparts online order.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesPolitics by AristotleHow Much is Enough? Money and the Good Life by Robert Skidelsky and Edward Skidelsky—Penguin Random HouseCormac McCarthy Had a Remarkable Literary Career. It Could Never Hap

We review the performance and investment prospects for carbon, SPACs, silver, convertible bonds, and frontier markets.Topics covered:What has been the performance of these five asset types since they were discussed on the podcast two to three years agoWhat are the underlying performance drivers and expected returns going forwardWhich asset types are most and least attractiveFor more information on this episode click here.SponsorsMasterworks – invest in contemporary artUse code MONEY10 to get 10% off on your NAPA Autoparts online order.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesInitial Public Offerings: Updated Statistics by Jay R. Ritter—Warrington College of Business, University of FloridaTwo SPAC ETFs Close in One Month, Suggesting End to Wall Street Boom by Emily Graffeo—BloombergInvestments MentionedVanguard Total World Stock Market ETF (VT)SPAC and New Issue ETF (SPCX)iShares Convertible

How to decide whether to rent a house or apartment or purchase a home or condo. What has been the financial return from owning a house?Topics covered include:How much have home prices increased in major cities since 1980What drove the greater than 50% jump in home prices in some U.S. cities since 2020Why there aren't more new starter homesWhat will it take for the housing shortage to abate so houses can be more affordableWhy now could be a more advantageous time to rent versus buyWhat academics estimate the long-term return is for owning a house, and why the calculations are incompleteHow to determine what your total cost of ownership is for buying a house in order to compare it to rentingFor more information on this episode click here.SponsorsNetSuite – the leading integrated cloud business software suiteUse code MONEY10 to get 10% off on your NAPA Autoparts online order.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us emai

Why equity real estate investment trusts should be part of your investment portfolio despite the office sector's struggles.Topics covered include:Why some office REITs are down 30% in 2023, and owners are walking away from buildingsHow commercial mortgages differ from residential mortgagesThe broad sector diversification found within equity REIT ETFsWhat have equity REITs performed long-term and what drove those returnsWhat is a reasonable return expectation for equity REITsWhy equity REIT prices adjust more quickly than private real estate valuesWhy you should be wary of private REITsFor more information on this episode click here.SponsorsBrooklinen - Get 20% off for their Memorial Day weekend saleMoney 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

What are the grave consequences if the U.S. debt ceiling isn't increased and the government defaults? What would the Federal Reserve and the Executive Branch do to prevent default if Congress doesn't act?Topics covered include:What are the potential impacts of a U.S. default on the stock and bond markets, and the overall economyWhat causes the U.S. to have a perennial debt ceiling crisisWhy it is uncertain when the U.S. government would run out of money to meet its obligationsWhat the Biden Administration could do to prevent a defaultWhat the Federal Reserve could do to prevent a defaultGiven the ongoing crisis, should you shift assets from stocks to cash?For more information on this episode click here.SponsorsUse code MONEY10 to get 10% off on your NAPA Autoparts online order.Masterworks – invest in contemporary artMasterworks Disclosure:“net IRR” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be in

Does there need to be a loser for every winner when it comes to investing and economic growth?Topics covered include:What are zero-sum gamesHow trading can be a zero-sum gameWhy active management and seeking excess returns through security selections or country weights are zero-sum gamesWhy the U.S. stock market has outperformed the rest of the worldWhy economic growth overall is not a zero-sum game, but some aspects of the economy are zero-sum gamesFor more information on this episode click here.SponsorsGo to GetSunday.com/David to get a customized lawn plan and 50% off your first Sunday Lawn Care box.Use code MONEY10 to get 10% off on your NAPA Autoparts online order.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesWith the Odds on Their Side, They Still Couldn’t Beat the Market by Jeff Sommer—The New York TimesInternational Diversification—Still Not Crazy after All These Years by Cliff

Why you should allocate a small percentage of your assets to gold.Topics covered include:What is money, and how does gold fit with that definitionWhy central banks bought more gold last year than at any time since 1967Which central banks own the most gold and which are increasing their gold holdingsHow fast is the gold supply growing compared to the U.S. dollar money supplyHow financialization, greater leverage, and contagion risk should motivate us to consider goldFor more information on this episode click here.SponsorsHello Fresh – Use code 16david for 16 free meals with free shipping from Hello FreshNetSuite – the leading integrated cloud business software suiteInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesCentral banks load up on gold in response to rising geopolitical tensions by Daria Mosolova—The Financial TimesAbove-ground stocks—Gold HubCentral bank holdings—Gold HubDoes the Federal Res

How we measure wealth, riches, abundance, and well-being is more important today than ever.Topics covered include:How late 18th century philosophers Adam Smith and the Earl of Lauderdale defined wealth and the role of capital. Why they worried about income inequality and excess profitsWhat led to the dramatic increase in life expectancy and wealth in the 20th and 21st centuriesHow a long life expectancy and well-being can be attained at much lower levels of wealthWhy John Maynard Keynes was right about the expansion of the economy but wrong about how many hours we would workHow the U.S. expanded its wealth relative to the rest of world, and at what costWhy natural capital should be included in measuring wealthFor more information on this episode click here.SponsorsMoney 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.Brooklinen Use code DAVID20 for $20 off plus fre

With a total U.S. inflation rate of 14% in the past two years, we review how various inflation hedges performed over the past twenty-four months.Topics covered include:What were investors' and the Federal Reserve's inflation expectations two years agoWhat led to the big inflation increaseWhy was the Federal Reserve forced to raise its policy rate by almost 5% in a yearHow successful were inflation-index bonds, stocks, commodities, and real estate in beating inflation over the past two yearsHow did two active ETFs that set out to protect against inflation performWhat is the current outlook for inflation, and what should investors doFor more information on this episode click here.SponsorsBrooklinen Use code DAVID20 for $20 off plus free shippingGo to GetSunday.com/David to get a customized lawn plan and 20% off your Sunday Lawn Care orderInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesCPI Infla

How accelerating bank deposit withdrawals could harm the economy, including real estate prices. How dollars slosh around the financial system but always seem to end up at the Federal Reserve.Topics covered include:How many deposits have left banks since the Silicon Valley Bank collapseHow much have banks borrowed from the Federal Reserve to meet deposit withdrawalsWhy exiting deposits are harming bank profits and causing them to make fewer loansHow the credit crunch could hurt commercial real estate valuesHow money market mutual funds differ from banksHow today's banking crisis is similar to the 1980s savings and loans crisisWhat should investors do to protect their wealthFor more information on this episode click here.SponsorsMasterworks – invest in contemporary artUse code MONEY10 to get 10% off on your NAPA Autoparts online order.Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesFactors Affecting Rese

What has been the impact on trade and the trade deficit since the U.S. implemented tariffs on steel, aluminum, and goods made in China?Topics covered include:Has the shipping backlog been reduced at U.S. portsWhat are the dangers of running too high of a trade deficitHow large is the U.S. trade deficitWhat has been the impact of U.S. tariffs on trade, domestic production, and pricesHow Chinese direct-to-consumer retail companies Shein and Temu are driving prices of goods ever lowerWhy consumers should demand greater visibility on how products they purchase are madeFor more information on this episode click here.SponsorsUse code MONEY10 to get 10% off on your NAPA online order.NetSuite – the leading integrated cloud business software suiteShow NotesThe ‘ship backup has ended’ at Los Angeles, Long Beach ports by Alejandra Salgado—Supply Chain DiveAmerica’s Trade Deficit Surged in 2022, Nearing $1 Trillion by Ana Swanson—The New York TimesIndustry study tracks China tariffs’ added costs to importers an

David has a fascinating discussion with Kristof Gleich about active management, indexing, and how ETFs and mutual funds really work.Topics covered include:Should individual investors even try to select active mutual fundsIs there an indexing bubbleWhy are there so many new ETFsShould we be worried about an ETF flash crashWhat do ETF market makers and authorized participants doDo SEC yields for international equity mutual funds and ETFs reflect the impact of dividend withholding taxesAs the president and CIO of Harbor Capital Advisors, Inc. Kristof Gleich oversees all Investment, Distribution & Marketing and Executive Office functions at Harbor. He provides insight while helping lead Harbor’s strategic growth plan.Previously, Kristof was a managing director and global head of manager selection at JP Morgan Chase & Co. He has a degree in Physics from University of Bristol. Thanks to NAPA and Sunday Lawn Care for sponsoring the episode.Use code MONEY10 to get 10% off on your NAPA Autoparts online or

"If something is profitable, it will be done," says Martin Wolf of the Financial Times. We explore how profits will drive the energy transition and how and where water from the Colorado River is used.Topics covered include:How profits have led to higher energy market share for natural gas and renewal energyWhat is hindering a faster transition to renewablesWhat is contributing to a water shortage in the southwestern U.S,. and how will it be resolvedWhy big infrastructure projects often aren't the best solution to solve a problemWhy some regulation is helpfulFor more information on this episode click here.Show NotesThe market can deliver the green transition by Martin Wolf—The Financial TimesWhere the Water Goes: Life and Death Along the Colorado River by David Owen—Penguin Random HouseEconomics may take us to net zero all on its own by John Burn-Murdoch—The Financial TimesThe Gregor Letter by Gregor Macdonald—SubstackThe Inflation Reduction Act: Here's what's in it—McKinsey & CompanyManagement of the

What caused Silicon Valley Bank to collapse in only 44 hours, and how likely will the contagion spread, leading to other bank failures?Topics covered include:How losses on bonds blew up SVB's balance sheetHow is Silicon Valley Bank similar and different than other regional banksWhat the FDIC and Federal Reserve are trying do to restore confidence and stop bank runsHow a weakening of the Frank-Dodd bank regulation act set the stage for SVB's failureWhy bailing out uninsured depositors is controversialThree scenarios of what might happen nextActions we can take to protect ourselves when private money failsFor more information on this episode click here.SponsorsMasterworks – invest in contemporary artMoney for the Rest of Us Plus membershipShow NotesSilicon Valley Bank launches $2.25bn share sale to shore up capital base by Joshua Franklin and Antoine Gara—The Financial TimesUS Bank Capital Regulation: History and Changes Since the Financial Crisis by John Walter—Economic QuarterlySVB's 44-Hour Collapse Was

How leveraged loans and CLOs work and how to invest in them. What are the risks and opportunities with the new CLO ETFs.Topics covered include:What are the characteristics of leveraged loans and how David has invested in them in the past, both professionally and personally.Why LIBOR reference rate for leveraged loans is being phased outWhat is the current investing climate for leveraged loansHow collateralized loan obligation workWhy insurance companies are fighting over CLOsWhat are the different ways to invest in CLOsShow NotesCompanies, Lenders Clash Over Loan Spreads in Switch from Libor by Mark Maurer—The Wall Street JournalLibor: The Spider Network—The Wall Street JournalCollateralized Loan Obligations (CLOs) Primer by Jennifer Johnson—NAIC and The Center for Insurance Policy ResearchInvesting In The Middle: Tapping Into Opportunities in Middle Market Lending—AllianceBernsteinTop 10 US CLO Managers: CLO AUM (30 Nov 2022)—CLO ResearchDefault, Transition, and Recovery: 2021 Annual Global Leveraged Loan CL

Do activist hedge funds including Carl Icahn's add value? Should you invest in Icahn Enterprises L.P., a conglomerate with a 15% dividend yield and a stake in Carl Icahn's hedge fund?Topics covered include:How Icahn Enterprises' (IEP) investment performance compares to Berkshire HathawayHow to analyze individual stocks and why it is challengingWhat are activist hedge funds and do they make a positive performance differenceWhat are the risks and opportunities of investing in IEPFor more information on this episode click here.SponsorsMoney 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.NetSuite – the leading integrated cloud business software suiteShow NotesIcahn Enterprises L.P.The Activism of Carl Icahn and Bill Ackman by Jason D. Schloetzer and Richard Lee—SSRNThe Long-Term Effects of Hedge Fund Activism by Lucian A. Bebchuk, Alon Brav, Wei Jiang—SSRNDid They Live Happily Ever