Money For the Rest of Us

There is no podcast episode this week, but we have a live webinar on stock market investing this Friday, May 3, 2024 at 11:00AM Pacific time. You can learn more and sign up at Assetcamp.com/webinar. See 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: Sponsors Yahoo Finance Monarch Money – Get an extended 30-day free trial Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes US small-caps suffer worst run against larger stocks in over 20 years by George Steer—The Financial Times Small stocks, big problems by Robin Wigglesworth—The Financial Times The Death of Small Cap Equities? by Chris Satterthwaite—Verdad The Quality of New Entrants by Chris Satterthwaite—Verdad Related Episodes 466: 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: Sponsors LinkedIn Jobs – Use this link to post your job for free on LinkedIn Jobs NetSuite – Get your free KPI checklist Asset Camp Webinar Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Is Japan finally becoming a "normal" economy?—The Financial Times Broken Money by Lyn Alden A Complete Guide to Understanding and Protecting Against Inflation—Money for the Rest of Us Related Episodes 431: The Long-term Bullish Case for Gold 429: 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: Sponsors Betterment - the automated investing and savings app Monarch Money – Get an extended 30-day free trial Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Emerging Local Debt: A Once-In-A-Generation Opportunity? by Victoria Courmes—GMO EM Sovereign Defaults at Record Level, but Rating Outlooks More Balanced—Fitch Ratings The big opportunity in emerging market debt by Victoria Courmes—The Financial Times Default Risk Fades in Emerging Markets as Riskiest Bonds Soar by Zijia Song, Giovanna Bellotti Azevedo, and Srinivasan Sivabalan—Bloomberg The weakest links in the global economy are on the mend by Ruchir Sharma—The Financial Times How to invest in closed-end funds - Money for the Rest of Us Investments Mentioned iShares 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 Episodes 411: Is Emerging and Frontier Markets Investing Still Worth It? – With Asha Mehta How to Invest in Closed-End Funds See 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. Sponsors NetSuite Monarch Money – Get an extended 30-day free trial Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Josh Jalinksi - Financial Quarterback See 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: Sponsors Betterment – the automated investing and savings app Long 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 Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Surveys of Consumers—University of Michigan Consumer sentiment climbs amid split views on business outlook—University of Michigan The Purchasing Power of American Households—U.S. Department of the Treasury Unemployment Rate—St. Louis Fed We Still Don’t Believe How Much Things Cost by Rachel Wolfe and Rachel Louise Ensign—The Wall Street Journal It’s Been 30 Years Since Food Ate Up This Much of Your Income by Jesse Newman and Heather Haddon—The Wall Street Journal Consumers are increasingly pushing back against price increases — and winning by Christopher Rugaber—Yahoo! Finance Kraft Heinz ups ad spend, changes leadership by Christopher Lombardo—Strategy Many Americans Believe the Economy Is Rigged by Katherine J. Cramer and Johnathon D. Cohen—The New York Times Covid-19 Coronavirus Pandemic—Worldometer Related Episodes 380: How Stories Drive Our Happiness and Financial Success 294: How Stories Go Viral and Drive Economic Events 286: Coronavirus and the Financial Impact of Pandemics See 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: Sponsors Long 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 Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Investments Mentioned JP 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 Episodes 467: Unraveling the Truth About ETFs: Benefits, Analysis, and the Indexing Bubble Myth 418: Bond Investing Masterclass 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.

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: Sponsors Betterment – the automated investing and savings app LinkedIn Jobs – Use this link to post your job for free on LinkedIn Jobs Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Wait, Is Saving Good or Bad? The Paradox of Thrift—The Federal Reserve Bank of St. Louis Rents: How Marketing Causes Inequality by Gerrit De Geest—Beccaria Books FTC Challenges Kroger’s Acquisition of Albertsons—Federal Trade Commission The Lifespan of Large Appliances Is Shrinking by Rachel Wolfe—The Wall Street Journal Related Episodes 288: Will Early Retirements Crash the Economy? 222: Why We Overpay and How It Contributes To Income Inequality See 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: Sponsors Shopify - Sign up for a $1 per month trial period NetSuite – Get your free KPI checklist Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Berkshire Hathaway 2023 Shareholder Letter The Man Preparing for a Berkshire Hathaway Without Warren Buffett by Justin Baer—The Wall Street Journal Warren Buffett admits Berkshire Hathaway’s days of ‘eye-popping’ gains are over by Eric Platt—The Financial Times Active vs Passive Investment Management Barometer Report—Morningstar Buffett sounds wildfire alarm as utilities industry enters new era by Eric Platt and Myles McCormick—The Financial Times Paying for Electricity in California: How Residential Rate Design Impacts Equity and Electrification—Next10 Investments Mentioned Berkshire Hathaway Inc Class B (BRK.B) Vanguard Utilities ETF (VPU) Related Episodes 466: Does Dividend Investing Still Work? 463 Plus: Model Portfolios, UK versus US Valuations, MCI Premium, and MFD Proxy Battle 444: 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: Sponsors Monarch Money – Get an extended 30-day free trial Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Japan’s Nikkei 225 index eclipses record high after 34 years by Leo Lewis—The Financial Times Investors eye further gains after Nikkei breaks through 1989 high by Leo Lewis and Kana Inagaki—The Financial Times Related Episodes 235: What If Home Prices Always Declined 178: Japan and the Impact of A Shrinking Population 73 Plus: Investing In Japan 38 Plus: Time Wealth and Japan See 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: Sponsors Long 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 checklist Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Global Fund Flows Dominated by Fixed-Income and ETFs—Morningstar It’s Official: Passive Funds Overtake Active Funds by Adam Sabban—Morningstar ETF Issuer League Tables—VettaFi Global ETF Market Facts: three things to know from Q3 2023 by Samara Cohen—iShares Rise of Passive Investing - Effects on Price Level, Market Volatility, and Price Informativeness by Pawel Bednarek—SSRN Investments Mentioned SPDR® S&P 500® ETF Trust (SPY) JPMorgan Equity Premium Income ETF (JEPI) Avantis US Small Cap Value ETF (AVUV) Related Episodes 426: Which is Best – Active or Passive, ETFs or Funds? 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.

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: Sponsors LinkedIn Jobs – Use this link to post your job for free on LinkedIn Jobs Betterment - the automated investing and savings app Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes The dividend puzzle by Fischer Black—The Journal of Portfolio Management Can Dividend Investing Rise From the Dead? by Jon Sindreu—The Wall Street Journal Einhorn Says Markets ‘Fundamentally Broken’ By Passive, Quant Investing by Matthew Griffin—Bloomberg Your Mutual Fund Stinks. Can This Wall Street Invention Change That? by Jason Zweig—The Wall Street Journal Asset Camp Investments Mentioned WisdomTree 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 Episodes 429: 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: Sponsors NetSuite – Get your free KPI checklist Long 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 survey Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb—Penguin Random House Related Content 448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium 408: Is Success Due to Hard Work, Talent, or Luck? What Is Risk vs Uncertainty? 53: Should You Invest In Bitcoin? Investments Mentioned Vanguard 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: Sponsors Monarch Money – Get an extended 30-day free trial Money for the Rest of Us listener survey Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Investors may be getting the Federal Reserve wrong, again—The Economist Today's Best Multi-Year Guaranteed Annuities—Immediate Annuities Zero-Coupon Treasuries Flew Off Shelves During October Yield Surge by Elizabeth Stanton—Bloomberg Investments Mentioned iShares 20+ Year Treasury Bond ETF (TLT) Invesco BulletShares 2029 Corporate Bond ETF (BSCT) Related Episodes 463: How to Lock in Higher Yields in Case Interest Rates Fall 418: Bond Investing Masterclass See 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 ETFs Topics covered include: Sponsors Betterment - the automated investing and savings app Money for the Rest of Us listener survey Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Term Premium on a 10 Year Zero Coupon Bond—FRED Economic Data Investments Mentioned Vanguard 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 Episodes 455: Easier Investing, Richer Life: TIPS Ladders to Annuities 453: The Price of Money – 700 Years of Falling, Can Interest Rates Keep Rising? 452: Beyond Stocks: The Allure and Strategy of Credit Investments 448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium 418: Bond Investing Masterclass See 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: Sponsors Long 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 checklist Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Statement on the Approval of Spot Bitcoin Exchange-Traded Products - SEC Coinbase at the Center of Bitcoin ETF Draws Envy and Risks - Bloomberg Federal Reserve Balance Sheet Related Episodes 362: 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: Sponsors Shopify - Sign up for a $1 per month trial period LinkedIn Jobs – Use this link to post your job for free on LinkedIn Jobs Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Managing Oneself by Peter F. Drucker—Harvard Business Review Soloing: Realizing Your Life's Ambition by Harriet Rubin—HarperCollins See 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. Sponsor NetSuite – Get your free KPI checklist Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice by Aizhan Anarkulova, Scott Cederburg, and Michael S. O'Doherty—SSRN The Safe Withdrawal Rate: Evidence from a Broad Sample of Developed Markets by Aizhan Anarkulova, Scott Cederburg, Michael S. O'Doherty, and Richard W. Sias—SSRN Related Episodes 421: Beware of Survivorship Bias When Investing 326: The New Math of Retirement Spending and Investing 254: Should You Be 100% Invested In Stocks? 250: Investing Rule One: Avoid Ruin See 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. Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code Delete Me – Use code David20 to get 20% off Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes How the World Really Works by Vaclav Smil—Viking The Day the World Stops Shopping by J.B. Mackinnon—Harper Collins Earth for All: A Survival Guide for Humanity by Sandrine Dixson-Declève, et al—Earth for All Barbarian Days: A Surfing Life by William Finnegan—Penguin Random House Tao te Ching: Power for the Peaceful by Lao Tzu (Author) and Marc Mullinax (Translator)—Fortress Press See 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? Sponsors NetSuite – Get your free KPI checklists LinkedIn Jobs – Use this link to post your job for free on LinkedIn Jobs Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes US CEOs start to contemplate Trump, round 2 by Rana Foroohar—The Financial Times End of an Era: The Coming Long-Run Slowdown in Corporate Profit Growth and Stock Returns by Michael Smolyansky—The Federal Reserve 10-Year Stock Market Returns—Crestmont Research Stock Average—Crestmont Research Stock EPS Reality—Crestmont Research What Matters More for Emerging Markets Investors: Economic Growth or EPS Growth? by Jason Hsu Jay Ritter Phillip Wool Yanxiang Zhao—Portfolio Management Research Nominal Gross Domestic Product for United States—FRED Economic Data The Secretive Industry Devouring the U.S. Economy by Rogé Karma—The Atlantic Key Drivers Behind Widespread Adoption Of NAV Financing by Matthew K Kerfoot—Proskauer The Inevitable Rise of NAV Financing by Patricia Teixeira and Anastasia Kaup—Ropes & Gray HAVE EXCHANGE-LISTED FIRMS BECOME LESS IMPORTANT FOR THE ECONOMY? by Frederik P. Schlingemann and René M. Stulz—NBER LBOs Make (More) Companies Go Bankrupt, Research Shows by Alicia McElhaney—Institutional Investor Leveraged buyouts and financial distress by Brian Ayash and Mahdi Rastad—ScienceDirect See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.