Money For The Rest Of Us

Will the world experience both inflation and subpar economic growth at the same time?Topics covered include:What is inflation and what causes itWhat have been the largest contributors to recent high inflationWhy does not everyone experience inflation in the same wayWhy inflation measures are subjectiveWhat are long-term deflationary forces faces the global economyWhat is stagflation and what causes itHow do we monitor stagflation to see if it is comingThanks to FarmTogether and LinkedIn for sponsoring the episodeShow NotesConsumer Price Index News Release February 10, 2022—U.S. Bureau of Labor StatisticsAlternate Inflation Charts—John Williams' Shadow Government StatisticsOPEC chief says there's 'no capacity in the world' that could replace Russia's 7 million barrels a day in oil supply-Adam Morgan McCarthy—Markets InsiderSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What can we do to prepare if the Russian-Ukraine war gets even worse?Topics covered include:How risk and uncertainty differ as does how we manage themWhat we can learn from Ukraine and Russian citizens on dealing with uncertaintyWhat will be the financial impact of the sanctions against Russia and the ruble collapseWhy and how we should all prepare for potential cyberattacksWhy now is the time to make sure you have an appropriate asset allocationHow holding dollars, euros, or stablecoin can help protect against currency collapsesWhat we can do to help UkraineFor more information on this episode click here.Show NotesJPMorgan Says Selling Stocks Now Carries Too Much Risk by Nikos Chrysoloras—BloombergUkraine conflict: Dread in Kyiv as huge Russian convoy advances by Lyse Doucet—BBCRussia launches fierce rocket attack on Ukrainian city of Kharkiv by Guy Chazan, John Reed, Max Seddon, Henry Foy, John Paul Rathbone, and Demetri Sevastopulo—Financial TimesHow new sanctions could cripple Russia’s economy—The Ec

How to decide the investing scale and timeframe that works best for your temperament.Topics covered include:How stocks perform in the days and weeks following catastrophic eventsWhat are some potential financial impacts of Russia's invasion into UkraineHow complex systems operate at different scales and timeframesWhat are examples of different scales and timeframes for investingHow tactical asset allocation strategies workWhy schema and rules of thumb develop and how do they get passed onHow to decide on which investment approach works best for youThanks to Mint Mobile and LinkedIn for sponsoring the episode.For more information on this episode click here.Show NotesNikkei 225 Index - 67 Year Historical Chart—MacrotrendsPanarchy: Understanding Transformations in Human and Natural Systems by Lance H. Gunderson (Editor)Allocate SmartlyProtective Asset Allocation (PAA): A Simple Momentum-Based Alternative for Term Deposits by Wouter J. Keller and Jan Willem KeuningTrying Not to Try: The Art and Science of Sp

Key takeaways from one of the greatest personal finance novels of all time.Topics covered include:Why it is easier to keep doing the same old thingWhy partners should discuss their financesWhy debt can be suffocatingWhy leverage can be dangerousOne of the most satisfying ways to give away wealthThanks to OurCrowd and Policygenius for sponsoring the episode.For more information on this episode click here.Show NotesMiddlemarch by George EliotMiddlemarch Book Summary—StonoryRebecca Mead/"'Middlemarch' and Me"—The New Yorker (Video)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How lifecycle investing and risk parity portfolios can assist you in having sufficient assets to retire. What are the two types of time diversification and why is one flawed?Topics covered include:What is settled work and what are some examplesHow does lifecycle investing work and should you consider itWhy investing in stocks and other volatile asset classes is riskier over longer holding periodsWhat are risk-parity portfolios and how to evaluate themThanks to Masterworks for sponsoring the episode.For more information on this episode click here.Show NotesThe moral calculations of a billionaire by Eli Saslow—The Washington PostLife-Cycle Investing and Leverage: Buying Stock on Margin Can Reduce Retirement Risk by Ian Ayres and Barry J. NalebuffLifecycle Investing - Leveraging when young, Forum Discussion by Steve Reading on bogleheads.orgWhat Practitioners Need to Know… About Time Diversification (corrected March 2015) by Mark Kritzman—Financial Analysts Journal Volume 71, Number 1Wishful Thinking About

How stablecoins are similar and different from other monetary assets. What are stablecoin risks. Why central bank digital currencies are one of the biggest threats to stablecoins.Topics covered include:Why the Federal Reserve and other central banks are exploring issuing their own digital currenciesWhat is the difference between public and private moneyHow deposit insurance and central bank actions prevent runs on private moneyHow money market mutual funds are a type of stablecoinHow true stablecoins and algorithmic stablecoins differWhat is driving the demand for stablecoinsWhat are the risks of stablecoinsThanks to LinkedIn and Policygenius for sponsoring the episode.For more information on this episode click here.Show NotesMoney and Payments: The U.S. Dollar in the Age of Digital Transformation January 2022—Board of Governors of the Federal Reserve SystemTaming Wildcat Stablecoins by Gary B. Gorton and Jeffery ZhangMoney Stock Measures - H.6 Release—Board of Governors of the Federal Reserve SystemTop

We explore four reasons to sell an asset with a focus on the Ark Innovation ETF, Bitcoin, and equity REITs. We also put the current stock market sell-off into historical perspective.Topics covered include:What are lousy reasons to sell an investmentWhat is a sell disciplineWhat are four good reasons to sell an investmentWhy and why not to invest in the Ark Innovation ETF (ARKK)Why growth stocks are getting crushed in the current market sell-offHow frequently does the stock market correct by more than 10%Thanks to Mint Mobile for sponsoring the episode.For more information on this episode click here.Show NotesBitcoin Bounces Back After Falling Below $33,000 by Anna Hirtenstein—The Wall Street JournalSelling Out, Memos From Howard Marks—Oaktree Capital ManagementHere's Cathie Wood's advice to her fund's investors after a 58% sell-off in Ark's flagship ETF by Matthew Fox—Markets InsiderRelated Episodes291: How To Survive the Coronavirus (COVID-19) Shutdown302: Investing is Not KnowingSee Privacy Policy at h

What are the pros and cons of the four approaches to managing retirement savings. How to implement a bucketing or time segmentation retirement investing approach.Topics covered include:Why it takes time to find a retirement pattern that fitsHow retirement investing is a balance between safety-first and probability-based as well as maintaining optionality and committing.How total return investing differs from a safety-first approachWhat are products allow for a risk floor but also provide some potential growthHow a time segmentation or bucket approach to retirement investing worksThanks to Policygenius and Masterworks for sponsoring the episode.For more information on this episode click here.Show NotesRetirement Planning Guidebook: Navigating the Important Decisions for Retirement Success (The Retirement Researcher Guide Series) by Wade PfauA Model Approach to Selecting a Personalized Retirement Income Strategy by Alejandro Murguia and Wade D. PfauThe Four Approaches to Managing Retirement Income Risk by

Small and mid-cap stocks have underperformed large-cap stocks for over a decade. Is now the time to increase your allocation?Topics covered include:How big are small and mid-cap stocksHow have small and mid-cap stocks performed relative to large-cap stocksHow have active small and mid-cap managers performed relative to indexing optionsAre bigger IPOs contributing to small and mid-cap stocks underperformanceHow expensive or cheap are small-cap stocks relative to large-capWhat is the capital asset pricing model and how do academics use it to identify outperforming factorsHow value, momentum, and quality drive small-cap stock outperformanceHow to invest in small and mid-cap stocksThanks to Policygenius for sponsoring the episode.For more information on this episode click here.Show NotesThe Morningstar Active/Passive BarometerInitial Public Offerings: Updated Statistics January 5, 2022, by Jay R. Ritter—Warrington College of Business, University of FloridaThe Nexus of Anomalies-Stock Returns-Asset Pricing Mo

We answer listener questions in our final episode of 2021.Topics covered include:Estimating financial market returns in the next thirty yearsInvesting in artWhether stocks will no longer existHow to start investingFidelity's new Bitcoin ETFHow mutual funds are pricedHow to teach family members about investingVolatility versus drawdownsHow to face the uncertainty of crashing stocks, rising interest rates, and numerous other economic and financial threatsDavid's four most recent investments he made in his personal portfolioThanks to Policygenius and OurCrowd for sponsoring the episode.For more information on this episode click here.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What is Web 3.0 and how will it transform the world? How you can invest your time and money in decentralized autonomous organizations and other Web3 projects.Topics covered include:What are Web 1.0, Web 2.0, and Web 3.0 and how do they differWhat are decentralized autonomous organizations (DAOs)How DAOs operate and what are some examplesHow to register one's Web 3.0 user nameHow the Ethereum network, a major part of Web3, is changingHow to participate and invest in DAOs and other Web3 projectsThanks to LinkedIn and Commonstock for sponsoring the episode.For more information on this episode click here.Show NotesDecentralized autonomous organizations (DAOs)—EthereumState of the DAOs #0 | Oct 6th, 2021 by BanklessDAO Writers Guild—BanklessDAODecentralized Autonomous Organizations;The New Coordination Frontier by Calvinme—MediumOrganization Legos: The State of DAO Tooling by Nichanan Kesonpat—MediumOpenOrgs.infoSnapshotDeepDAOENSUniswap ProtocolGas and Fees—EthereumUltra Sound MoneyProof of Stake (PoS)—Ether

How different asset classes and investment strategies have performed during periods of unexpectedly high inflation. While trend and momentum strategies have performed the best, what are some of the challenges with implementing those strategies.Topics covered include:What has led to today's high inflation environment and why it is uniqueHow current demographic and technology trends are disinflationaryHow many inflationary regimes have there been in the pastHow stocks, residential housing, commodities, collectibles performed during high inflation environments.How trend following and momentum have been the best performing strategy during high inflation environments.Which trend following and momentum approaches have worked best for individual investors.How managed futures strategies workThanks to OurCrowd and Egnyte for sponsoring the episode. Here is more information on Money For the Rest of Us Plus.For more information on this episode click here.Show NotesUS Budget Deficit Hits $2.77 Trillion in 2021, 2nd

With oil, natural gas, coal, and gasoline at the highest prices in eight years, we consider if there is an energy crisis due to an over-reliance on renewable energy sources.Topics covered include:How high have prices risen for oil, gasoline, natural gas, and coalWhy rising energy prices is a multifaceted problem as illustrated by coalHow the global energy mix has changed for power productionWhy investment capital is flowing to renewable energy projects rather than fossil fuel projectsWhy a clean energy transition leads to more volatile fossil fuel pricesHow higher oil prices lead to greater adoption of electric vehiclesHow renewable energy combined with battery technology will create lead to energy on-demand solutionsThanks to Egnyte and Policygenius for sponsoring the episode.For more information on this episode click here.Show NotesUS coal prices jump to highest level since 2009 by Myles McCormick—Financial TimesChina’s Energy Crisis Complicates Its Plans for Climate Announcements Ahead of COP26 by Sha

What conditions need to be in place for an asset bubble to continue and how that applies to stocks, cryptocurrency, and houses.Topics covered include:How to determine if there is an asset bubbleWhat are microbubbles and anti-bubblesHow the cannabis stock bubble burstWhat is required to sustain an asset bubbleHow the current runup in home prices differs from the housing bubble in the mid-2000sWhat structural changes have led to the high valuations for U.S. stocksWhat is the Great Wealth Transfer and will it impact stock pricesThanks to Commonstock and LinkedIn for sponsoring the episode.Show NotesAll-Transactions House Price Index for Oakland-Berkeley-Livermore, CA (MSAD)—Federal Reserve Bank of St. LouisS&P/Case-Shiller CA-San Francisco Home Price Index—Federal Reserve Bank of St. LouisWhat Pops Stock Market Bubbles? Only Surprises, Rob Arnott Says by Vildana Hajric and Michael P. Regan—BloombergYes. It's a Bubble. So What? by Rob Arnott, Bradford Cornell, and Shane Shepherd—Research AffiliatesBubble, Bub

How to decide whether it is worth it to hedge currency exposure when investing outside of your home country.Topics covered include:How currency exchange rates impact investment returnsWhat factors impact currency exchange ratesWhat are carry trades and how do they influence exchange ratesHow currency forward contracts workHow ETFs and funds hedge currency exposureWhat to consider when deciding whether to hedge foreign currency exposureThanks to Egnyte and Quartr for sponsoring the episode.For more information on this episode click here.Show NotesRising U.S. yields push yen to lowest in nearly 3 years by Saikat Chatterjee—ReutersCutting Volatility in Foreign Stocks While Remaining 100% Invested: Hedge the Currency? by Jeff Weniger and Jeremy Schwartz—WisdomTreeCarry Trade Comes Surging Back With Biggest Gains Since 2016 by Robert Fullem and Brody Ford—BloombergRelated Episodes209: Why Bother Investing Internationally?283: Why You Should Care About Carry TradesSee Privacy Policy at https://art19.com/privac

How New York City and other metropolises will overcome the pandemic economic shock. Why do some cities thrive while others devolve into chaos? How we can develop the resiliency of thriving cities.Topics covered include:How New York and other cities have dealt with the pandemic economic shockWhy the city of Port au Prince in Haiti is strugglingWhy do cities fail less frequently than companiesHow we can replicate the rhythms and cycles of citiesHow most cities can evolve in response to the pandemic and we can tooThanks to Felix Gray and Alto CryptoIRA for sponsoring the episode.Show NotesLocal Area Unemployment Statistics - New York City— U.S. Bureau of Labor StatisticsScale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life in Organisms, Cities, Economies, and Companies by Geoffrey B. WestThe Office Sector in New York City by Brian McElwain, Anita Yadavalli, and Amar Mehta—Office of the New York ComptrollerDesperate Haitians suffocate under growing power of gangs by Dánica Coto and

Why the new U.S.-based Bitcoin ETFs are a bad idea and will underperform Bitcoin.Topics covered include:What fund and ETF options are available for investing in BitcoinWhy the U.S. has only authorized Bitcoin ETFs that invest in Bitcoin futures even though there are closed-end funds that hold Bitcoin directlyWhat is there a regulatory battle surrounding cryptocurrencies?How closed-end funds differ from ETFsHow Bitcoin futures workWhy Bitcoin ETFs that invest in Bitcoin futures will lag the performance of owning Bitcoin directlyWhy investors should avoid the new U.S. Bitcoin ETFsThanks to Policygenius and Justworks for sponsoring the episode.For more information on this episode click here.Show NotesSEC Set to Allow Bitcoin Futures ETFs as Deadline Looms by Katherine Greifeld, Vildana Hajric, and Benjamin Bain—BloombergU.S. SEC Chair Gensler calls on Congress to help rein in crypto 'Wild West' Katanga Johnson—ReutersBitcoin Strategy ETF—ProSharesPurpose Bitcoin ETF—Purpose InvestmentsGrayscale® Bitcoin Tru

How the economics of timeshare vacation rentals work, and why they can be a great fit for some individuals.Topics covered include:When were the first timeshares introducedWhat are the different timeshare ownership modelsWhy timeshares don't appreciate but fall in price after purchaseWhat are maintenance fees and why do they keep increasingWho is the target market for timeshares and how do timeshare companies market to themHow timeshare companies make moneyHow to sell your existing timeshareHow to buy a new timeshareThanks to Quartr and LinkedIn for sponsoring the episode.For more information on this episode click here.Show NotesThe ABC’s of PUD’s (Part II): The Basics of Timesharing—American Bar AssociationSecond Quarter 2021 Earnings Conference Call July 29, 2021—Marriott Vacations WorldwideInvestor Presentation July 2021—Marriott Vacations WorldwideSellMyTimeshareNow, LLCFirm to Pay $2.6M, Stop Making False Timeshare Claims—Claims JournalRelated Episodes24: Timeshares, Preppers and Permanent Portfolios

Why the U.S. is closing in on both a debt default and a government shutdown. Topics covered include:How a government shutdown differs from a debt ceiling crisisWhy hasn't Congress passed legislation to fund the government and raise the debt limitHow refusing to increase the debt ceiling could impact Social SecurityHow big is the national debt and who owns itWhy we never know how much federal debt is too much: Japan vs the U.S.How federal debt is used and how it has led to financial innovationWhy countries default on their debtWhat are some of the challenges with central banks pegging interest rates and monetizing the debtWhat could cause the U.S. dollar to crash and inflation to soarThanks to Alto CryptoIRA and LinkedIn for sponsoring the episode.For more information on this episode click here.Show NotesAmerica’s debt ceiling is a disaster, though fiscal rules can help—The EconomistTreasury Bulletin, September 2021—Bureau of the Fiscal ServiceMajor Foreign Holding of Treasury Securities—Department o

What is causing the shortage of goods and workers? What should we do about it?Topics covered include:How a tree pandemic killed billions of American Chestnut treesHow a massive increase in demand has crippled the global supply, leading to an eight-fold increase in shipping costsWhy there are so many job openings and people quitting their jobsWhy the free market doesn't work as well for child daycareHow stimulus payments during the pandemic reduced poverty ratesWhat is the lying flat movementHow everything is in place for an extended period of high inflation even though the bond market still anticipates inflation will be transitoryWhy we should own real things and plan more downtimeThanks to Policygenius and Masterworks for sponsoring the episode.For more information on this episode click here.Show NotesThe Demise and Potential Revival of the American Chestnut by Kate Morgan—Sierra ClubU.S. Imports to Increase by 20% by End of 2021—Material Handling & LogisticsThe largest port in the US hit a new ship