Money For the Rest of Us
- Folgen
- 589
- Erscheint
- alle zwei Wochen
- Letzte Folge
- 11. Nov. 2026
Über den Podcast
Money for the Rest of Us is a personal finance and investing podcast on how money works, how to invest it, and how to live without worrying about it.
Host J. David Stein spent 17 years at FEG Investment Advisors, where he was Chief Investment Strategist for a firm overseeing $15 billion. Since 2014, he has focused on helping individuals understand investing through podcasting, video, and writing.
Episodes cover stocks, bonds, alternative investments, asset allocation, expected returns, retirement income, asset location, inflation, interest rates, and the economic forces that drive financial markets. David explains how each investment works, what the risks are, and how each connects to the prevailing market narrative.
New numbered episodes come out twice a month, with bonus episodes in between. David is the author of Money for the Rest of Us: 10 Questions to Master Successful Investing (McGraw-Hill). Learn more about the show and Plus membership, with model portfolios and premium episodes, at moneyfortherestofus.com
Folgen 589
10X Your Productivity While Doing Your Best Work
1. How to leverage general-purpose technologies to magnify your impact and produce your best work. 2. Why stocks could fall if AI fails to meet its lofty expectations, because earnings-per-share growth will …
Shownotes
1. How to leverage general-purpose technologies to magnify your impact and produce your best work. 2. Why stocks could fall if AI fails to meet its lofty expectations, because earnings-per-share growth will disappoint.
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Show Notes
Ada Lovelace Already Answered the Big Questions About A.I. by Tala Schlossberg—The New York Times
Transcript
Topics Include:
- How to use AI to 10x your productivity and do your best work
- Jeff Bezos at AWS re:Invent 2012: focus on what won't change
- Building a 401(k) portfolio analysis tool with AI
- AI as a general-purpose technology: Ada Lovelace and Licklider
- How electricity, the internet and cell phones faded into the background
- How many AI tokens does a heavy Claude user use per week?
- What a $100 Claude Max plan really costs Anthropic
- SpaceX's 6-gigawatt data center and AI power demand
- Is there too much AI data center capacity? Chat vs. AI agents
- Stock market risk: record analyst earnings growth forecasts
- Fast earnings growth is followed by slower growth
- How investors use AI: listener survey results
- Ask the Archive: an AI chatbot built on our podcast archive - Why trusted sources matter for AI answers
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Stock Pickers Keep Losing, Who's Winning?
As indexing grows, active stock pickers are underperforming the market by increasingly large margins, even as their skill improves. In this episode, we explore why this is happening and consider whether active …
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As indexing grows, active stock pickers are underperforming the market by increasingly large margins, even as their skill improves. In this episode, we explore why this is happening and consider whether active managers can outperform again. Finally, we explain how to position your portfolio using index funds and ETFs without overweighting the S&P 500 Index.
Topics include:
- Why active fund managers keep underperforming
- Michael Mauboussin's paradox of skill in investing
- How much of the stock market do index funds own?
- William Sharpe's arithmetic of active management
- Why index funds still have to trade
- Active vs. passive: stock pickers are lagging more than ever
- How index fund flows hurt active managers (Unterberg study)
- Example: how $100 of fund flows moves stock prices
- Who buys the stocks active managers sell?
- Do fund managers sell their best ideas during outflows?
- Who sells shares to index funds? Companies and insiders
- Will active management outperform again?
- Will retiring baby boomers crash the stock market? 19:38 How to invest when index funds drive stock prices
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Show Notes
Sharpening the Arithmetic of Active Management by Lasse Heje Pedersen—SSRN
We Now Know Who Really Benefited from the Index Revolution by Aaron Brown—Bloomberg
The Investing Mind by Michael J. Mauboussin—Harriman House
Who Clears the Market When Passive Investors Trade? by Marco Sammon and John J. Shim—SSRN
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U.S. Stocks Might Not Be as Expensive as You Think
In this off-week bonus episode of Money for the Rest of Us, we look at the possibility that current U.S. stock valuations are justified and the market is not overvalued.Topics covered include:Two ways to …
Shownotes
In this off-week bonus episode of Money for the Rest of Us, we look at the possibility that current U.S. stock valuations are justified and the market is not overvalued.
Topics covered include:
- Two ways to measure P/E ratios and which is more accurate
- How record profit margins are affecting P/E ratios
- How concentration risk is at an all-time high for U.S. stocks
- How the stock market's direction will depend on whether profit margins expand, contract, or stay the same.
- Where to invest to reduce an overconcentration in U.S. stocks.
Slides, transcript, and show notes also at: https://moneyfortherestofus.com/.
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What If You Only Invested at Stock Market Peaks?
We analyze long-term stock returns when investing at market peaks and bottoms, and when stocks are cheap or expensive.We also share what we think stocks will return over the next decade and why.Finally, we …
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We analyze long-term stock returns when investing at market peaks and bottoms, and when stocks are cheap or expensive.
We also share what we think stocks will return over the next decade and why.
Finally, we simulate the investment outcomes for someone who invests $50 per week.
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Money for the Rest of Us Update and Survey
I provide a short update on Money for the Rest of Us and introduce our listener survey. All survey participants will get access to an exclusive podcast episode on my worst investing mistakes and what I …
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I provide a short update on Money for the Rest of Us and introduce our listener survey. All survey participants will get access to an exclusive podcast episode on my worst investing mistakes and what I learned.
Take the Money for the Rest of Us Listener Survey
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Small Gains, Big Losses: The Hidden Risk in Steady Income
In this episode, we explore why the income we earn isn't the same as the return. We show how option income strategies work, what their historical returns have been, what drives the return, and what reasonable …
Shownotes
In this episode, we explore why the income we earn isn't the same as the return. We show how option income strategies work, what their historical returns have been, what drives the return, and what reasonable return expectations are.
We show why option income strategies have a positive expected return while sports betting has a negative expected return.
Finally, we look at other areas where we confuse income with the total return.
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Show Notes
Variance Risk Premia by Peter Carr and Liuren Wu—NYU
Related Episodes
557: Don’t Fall in the Dividend Trap
549: Why Catastrophe Bonds Are Yielding 12%, and Should You Invest?
544: Sports Betting Is Not Investing
Article: Tail Events and Tail Risk
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The Financial System Will Be Hacked and How to Prepare For It
Bad actors will use AI to disrupt the financial system, transportation networks, and utilities. We should prepare now for this inevitability. We share how in this episode. We also explain why the bull market in …
Shownotes
Bad actors will use AI to disrupt the financial system, transportation networks, and utilities. We should prepare now for this inevitability. We share how in this episode. We also explain why the bull market in gold will likely continue.
Topics covered include:
- Why the OpenAI agentic AI breach is so disturbing
- How do we prepare for cyberattacks
- Why gold should be one of the assets we hold apart from the financial system
- How the historical relationship between gold and real interest rates has broken down
- To what extent are central banks selling dollars to buy gold
- How gold ETF flows influence the gold price
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Show Notes
Episode 564 Slide Deck with Charts
Gold's Run Isn't Yet Done - Bhanu Baweja - Financial Times
Related Episodes
541: Debasement Fears or Meme Fever? What’s Driving the Gold and Silver Rally
563: Why Interest Rates Keep Rising and What to Do About It
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Bond Market Chaos: Why Interest Rates Keep Rising and What to Do About It
The national debt exceeds $40 trillion, U.S. long-term Treasury yields are at 19-year highs, the U.S. Treasury Department is intervening in currency and bond markets. We unpack it all in this episode and show …
Shownotes
The national debt exceeds $40 trillion, U.S. long-term Treasury yields are at 19-year highs, the U.S. Treasury Department is intervening in currency and bond markets. We unpack it all in this episode and show you how to position your investment portfolio to lock in higher yields and protect yourself from falling bond prices.
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Show Notes
Debt to the Penny - U.S. Treasury
Historical debt and budget tables - U.S. White House
Average U.S. national debt interest rate - U.S. Treasury
America’s Risky Debt: What Markets See That Policymakers Don’t - Hanno Lustig
Related Episodes
525: No More AAA – What the U.S. Debt Downgrade Means for Investors
463: How to Lock in Higher Yields
464: More Ways to Lock in Higher Yields
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5 Steps to Simplify Your Investment Portfolio
What are the steps to simplify your portfolio, given that it is likely spread across multiple accounts? We focus particularly on retirees, who have to weigh additional considerations like withdrawals, Roth …
Shownotes
What are the steps to simplify your portfolio, given that it is likely spread across multiple accounts? We focus particularly on retirees, who have to weigh additional considerations like withdrawals, Roth conversions, and required minimum distributions.
We also explore which areas of the stock and bond markets are attractive right now as you seek to simplify and/or rebalance your portfolio.
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Show Notes and Related Content
A Complete Guide to Investing in I Bonds and TIPS (2026)
550: Asset Location: Where You Invest, Where You Live, What You Can Access
Free Investment Strategy Report
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How to Navigate the AI Debt Bubble
We explore the expected size of AI-related debt, which vehicles hold it, what could go wrong, and how to protect yourself.Topics covered include:How AI capex boom compares to other large booms and bustsWhat …
Shownotes
We explore the expected size of AI-related debt, which vehicles hold it, what could go wrong, and how to protect yourself.
Topics covered include:
- How AI capex boom compares to other large booms and busts
- What fixed income vehicles hold AI-linked debt
- What mechanisms are being used to transfer AI-debt risk.
- How circular finance is contributing to the AI infrastructure buildout
- What could go wrong with the AI infrastructure buildout that could lead to losses on AI-related debt
- How to tell what exposure you have to AI debt
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Show Notes
AI debt slide deck used for episode
Hyperscalers Tap External Financing as AI Capex Outruns Cash Flow—FactSet Insight
What History Tells Us About The AI Investment Boom by Larry Swedroe—Financial Advisor
Progress and peril by Pablo Hernández de Cos—BIS
US Life Insurers Held $807 Billion of Hard-to-Sell Credit by Alexandre Rajbhandari—Bloomberg
US Corporate Bonds Statistics—sifma
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Is Inflation Manipulated? If So, What to Do About It
How inflation numbers are manipulated to appear lower. How to change your mindset about inflation to get ahead of it.Topics covered include:How Inflation (PCE) Calculations Are ChangingWhy the CPE Changes Are …
Shownotes
How inflation numbers are manipulated to appear lower. How to change your mindset about inflation to get ahead of it.
Topics covered include:
- How Inflation (PCE) Calculations Are Changing
- Why the CPE Changes Are Suspicious
- The Biggest Changes Ever to Inflation Calculations
- What Causes Inflation
- AI Buildout Is Boosting Inflation
- How Rising Income Can Overcome Inflation
- Inflation Is Currency Debasement
- Most Things Get Cheaper and Better Over Time
- Personal Inflation Rate and Retirement
- We Can Beat Inflation by Improving Our Skills
- Inflation Manipulation vs Inflation Fabrication
- How to Outsmart Inflation
Sponsors
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Retirement Investing Webinar and Portfolio Cohort
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Show Notes
Preview of the 2026 Annual Update of the National Economic Accounts—BEA
The Inflation Outlook by Governor Stephen I. Miran—U.S. Federal Reserve
Live Retirement Portfolio Cohort—Money for the Rest of Us
Related Episodes
475: Inflation’s Illusion: Debunking the Normalcy of Currency Debasement
429: Which Inflation Protection Strategies Worked and Which Didn’t?
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A Listener's Path from Zero to Millionaire in 10 Years - Nine Lessons to Get You There
David shares nine lessons a listener followed to become a millionaire.Topics covered include:The benefit of underspending on housingWhat rate of return and how much would you need to save to grow a portfolio to …
Shownotes
David shares nine lessons a listener followed to become a millionaire.
Topics covered include:
- The benefit of underspending on housing
- What rate of return and how much would you need to save to grow a portfolio to one million dollars
- Why historical studies of the S&P 500 returns are misleading
- David's recent portfolio mistake
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Related Episodes
498: What I Learned Investing in the Past Decade
454: How To Invest – Ten Rules of Thumb for Individual Investors
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Will You Be Forced to Own SpaceX and Other AI Stocks?
SpaceX, Anthropic, and OpenAI are all going public. Why now? And what will their weight be in index funds? What other U.S. ETF options are there if you don't want to have such a high concentration in stocks …
Shownotes
SpaceX, Anthropic, and OpenAI are all going public. Why now? And what will their weight be in index funds? What other U.S. ETF options are there if you don't want to have such a high concentration in stocks tied to AI. And finally, if you do buy SpaceX, what would need to happen to earn a reasonable return on your investment?
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Show Notes
Elon Musk Is Dropping a Boulder in a Kiddie Pool by Matteo Wong—The Atlantic
Passive Investing and Market Quality by Philipp Höfler, Christian Schlag, and Maik Schmeling—SSRN
Investments Mentioned
iShares Core S&P 500 ETF (IVV)
Tema S&P 500 Historical Weight ETF Strategy (DSPY)
Defiance Large Cap ex-Mag 7 (XMAG)
Invesco S&P 500 Equal Weight (RSP)
Invesco FTSE RAFI US 1000 (PRF)
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Don't Fall Into the Dividend Trap. How Investors Misunderstand Covered Call ETFs
We explore the free dividend fallacy and how it applies to option income strategies. We break down the return drivers of covered call ETFs and examine the long-term performance record and volatility. Finally …
Shownotes
We explore the free dividend fallacy and how it applies to option income strategies. We break down the return drivers of covered call ETFs and examine the long-term performance record and volatility. Finally, we explain why it's better to own a single stock than a single-stock covered call ETF, such as MSTY, NVDY, or TSLY, offered by YieldMax.
Show Notes
The Dividend Disconnect - Samuel M. Hartzmark and David H. Solomon
Sam Hartzmark on Dividends - Meb Faber Research
The New American Hustle: Dividends Over Day Jobs - Denitsa Tsekova and Vildana Hajric - Bloomberg
Covered Calls Uncovered - Roni Israelov and Lars N. Nielsen - Financial Analysts Journal
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Investment Mentioned
Invesco S&P 500 BuyWrite ETF (PBP)
JPMorgan Equity Premium Income ETF (JEPI)
WisdomTree Equity Premium Income Fund (WTPI)
YieldMax TSLA Option Income Strategy ETF (TSLY)
Tesla (TSLA)
YieldMax NVDA Option Income Strategy ETF (NVDY)
NVIDIA (NVDA )
YieldMax MSTR Option Income Strategy ETF (MSTY)
Strategy (MSTR)
Related Episodes
471: Unlocking Income—A Comprehensive Guide to Investing in Covered Call ETFs
466: Does Dividend Investing Still Work?
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We Are All Wayfinders
Why we have to navigate investing, business, and life with a compass rather than a GPS. David also provides an update on what he has learned from hosting live portfolio cohorts and letting AI analyze his …
Shownotes
Why we have to navigate investing, business, and life with a compass rather than a GPS. David also provides an update on what he has learned from hosting live portfolio cohorts and letting AI analyze his portfolio trades over the past 12 years.
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Show Notes
Almost Reckless by Amy Smilovic—Penguin Random House
Related Episodes
555: Five Practices That Have Shaped My Career
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Five Practices That Have Shaped My Career
I share five business practices that have carried me through asset bubbles, financial crises, business pivots, and now the rise of AI.Topics covered include:Recommended note-taking app and practicesRecommended …
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I share five business practices that have carried me through asset bubbles, financial crises, business pivots, and now the rise of AI.
Topics covered include:
- Recommended note-taking app and practices
- Recommended periodicals
- How to get better ideas
- Why we need to understand the probabilities when pursuing a new course
- The latest insights on AI, prediction markets, and other topics
Sponsors
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Live Portfolio Cohort - May 2026
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Show Notes
Gregor Macdonald - Cold Eye Earth
Libsyn Statistics, visualized—Livewire Labs
The Big Bang: A.I. Has Created a Code Overload By Mike Isaac and Erin Griffith—The New York Times
Related Episodes
496: Are You Taking Enough Aspirational Risk?
535: Six Principles for Thriving Under Uncertainty and How Big Tech Is Doing the Opposite
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Invitation to Our Live Portfolio Review and Rebalancing Special Webinar
Please attend our live webinar on portfolio construction and rebalancing scheduled for Thursday, April 30th, at 12PM Eastern, 9AM Pacific time. I will cover the five steps to constructing and rebalancing a …
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Please attend our live webinar on portfolio construction and rebalancing scheduled for Thursday, April 30th, at 12PM Eastern, 9AM Pacific time. I will cover the five steps to constructing and rebalancing a portfolio. I will also answer your questions.
You can sign up for this special webinar at https://moneyfortherestofus.com/webinar/
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There Is No Perfect Portfolio. Just Good Enough
Why portfolio construction is messy, personal, and never perfect. We compare the pros and cons of several portfolio strategies, including target-date funds, risk parity, and role-based portfolios. We conclude …
Shownotes
Why portfolio construction is messy, personal, and never perfect. We compare the pros and cons of several portfolio strategies, including target-date funds, risk parity, and role-based portfolios. We conclude with three AI-related fallacies that will help us better navigate the current moment.
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Live Portfolio Cohort - May 2026
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Show Notes
Money for the Rest of Us Live Portfolio Cohorts
Why Everything Suddenly Is ‘Perfect’ by Paula Marantz Cohen—The Wall Street Journal
Your Perfect Portfolio by Cullen Roche—Pan MacMillan
My Core Investment Values by Peter Lazaroff—Peter Lazaroff
Show Us Your Portfolio: Jared Dillian—Excess Returns: An Investing Podcast
The dystopian fantasy of uselessness by Stephen Cane—The Financial Times
Investments Mentioned
State Street Bridgewater All Weather ETF (ALLW)
RPAR Risk Parity ETF (RPAR)
AQR Multi-Asset Fund (AQRIX)
Related Episodes
491: The Five Layers of Investing
306: Three Approaches to Asset Allocation
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A MFTROU Update, Cognitive Offloading Versus Cognitive Surrender, and Live Portfolio Cohorts
In this mini episode, I share some examples of how I am using Claude Cowork and other tools to boost my productivity and build investment portfolio analysis tools. I also share more details on the live …
Shownotes
In this mini episode, I share some examples of how I am using Claude Cowork and other tools to boost my productivity and build investment portfolio analysis tools. I also share more details on the live portfolio cohorts we will be holding next month.
You can learn more about our live portfolio cohorts here.
Show Notes
I Saw Something New in San Francisco - Ezra Klein - New York Times
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Is Another Great Financial Crisis Coming? 5 Ways to Prepare
How the Iran conflict and other developments could lead to another major financial crisis. What is different today from 2008? Why trying to seed a revolution is so risky. And finally, what can we do to prepare …
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How the Iran conflict and other developments could lead to another major financial crisis. What is different today from 2008? Why trying to seed a revolution is so risky. And finally, what can we do to prepare ourselves for the next financial crisis?
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Show Notes
Read Trump's full statement on Iran attacks—PBS News
The Poverty of Historicism By Karl Popper
Iran Is Trying to Defeat America in the Living Room By Karim Sadjadpour—The Atlantic
‘Once and for All’ Means Never By Thomas L. Friedman—The New York Times
AI Isn’t Coming for Everyone’s Job By Adam Ozimek—The Atlantic
Related Episodes
291: How To Survive the Coronavirus (COVID-19) Shutdown
377: What If It’s Different This Time?
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AI Is Changing Me - and the Case for Good Enough
When is good enough actually good enough? AI is reshaping how I work and live. And a member with a portfolio that's beaten an all-in-one Vanguard LifeStrategy fund for ten years asks whether the complexity is …
Shownotes
When is good enough actually good enough? AI is reshaping how I work and live. And a member with a portfolio that's beaten an all-in-one Vanguard LifeStrategy fund for ten years asks whether the complexity is worth it — or whether it's time to simplify.
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Show Notes
An update on our model deprecation commitments for Claude Opus 3—Anthropic
Investments Mentioned
Vanguard LifeStrategy Growth Fund Investor (VASGX)
Related Episodes
542: Don’t Take Financial Advice from AI
491: The Five Layers of Investing
419: How to Make Portfolio and Asset Allocation Changes
Masterworks Disclosures
Listeners get priority access to Masterworks at https://www.Masterworks.com/david
Art correlation and appreciation data based on repeat-sales index of historical Post-War & Contemporary Art market prices and S&P 500 annualized return (includes dividends reinvested) from 1995 to 2025, developed by Masterworks. There are significant limitations to comparative asset class data. Indices are unmanaged and a Masterworks investor cannot invest directly in an index.
Content creator (the “Endorser”) receives cash compensation from Masterworks, LLC (“Masterworks”). Endorser is a client of Masterworks. Masterworks can only make and accept sales after an offering statement has been filed, and “qualified”, by the SEC. Any offers may be revoked before notice of qualification. Indications of interest involve no obligation.
Investing involves risk. Past performance not indicative of future returns. For further disclosure on Regulation A Offerings, Risks of Investing, Performance Metrics, Art Market Data, and more visit the offering documents filed with the SEC and Important Disclosures at masterworks.com/cd.
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What Average Really Looks Like — and Can Managed Futures Help?
How historical and expected returns for university endowments can guide us in setting reasonable return expectations. We also analyze managed futures strategies to see how they work, how they have performed …
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How historical and expected returns for university endowments can guide us in setting reasonable return expectations. We also analyze managed futures strategies to see how they work, how they have performed, and how to use them in your investment portfolio.
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Show Notes
2025 NACUBO-Commonfund Study of Endowments (NCSE) Results—NACUBO
Princeton University cuts expectation for endowment returns by Sun Yu—The Financial Times
Demystifying Managed Futures by Brian K. Hurst, Yao Hua Ooi, and Lasse H. Pedersen—AQR
Investments Mentioned
AQR Managed Futures Strategy Fund I (AQMIX)
iMGP DBi Managed Futures Strategy ETF (DBMF)
KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM)
WisdomTree Managed Futures Strategy Fund (WTMF)
First Trust Managed Futures Strategy Fund (FMF)
Return Stacked US Stocks & Managed Futures ETF (RSST)
Related Episodes
524: Facing a Financial Squeeze: What Harvard’s Response Can Teach the Rest of Us
204: Why Are Investment Returns So Low?
180: Can You Outperform Harvard’s Endowment?
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Asset Location: Where You Invest, Where You Live, What You Can Access
In this episode, we look at asset location, how to decide which investments belong in taxable, tax-deferred, and tax-free accounts, how where we live shapes the opportunities available to us, and how capital …
Shownotes
In this episode, we look at asset location, how to decide which investments belong in taxable, tax-deferred, and tax-free accounts, how where we live shapes the opportunities available to us, and how capital ultimately expands our choices.
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Show Notes
The Hidden Healthcare Infrastructure Americans Cross the Border to Find—Kogod School of Business
Location as an Asset by Adrien Bilal and Esteban Rossi-Hansberg—Princeton
The Overlooked Edge: The Case for Asset Location in Managed Portfolios—Morningstar
Asset location for equity by Sachin Padmawar and Daniel Jacobs—Vanguard
This powerful strategy can create more spendable wealth by Tom Lenkiewicz—J.P. Morgan
Asset location strategies for tax efficient investing—BlackRock
Related Episodes
540: Beyond Munis — New ETFs for Tax-Efficient Bond Investing
506: Should You Retire Early and Live Outside Your Home Country? With Joshua Sheats
425: How Profits Motivate Change
Masterworks Disclosures
Listeners get priority access to Masterworks at https://www.Masterworks.com/david
Art correlation and appreciation data based on repeat-sales index of historical Post-War & Contemporary Art market prices and S&P 500 annualized return (includes dividends reinvested) from 1995 to 2025, developed by Masterworks. There are significant limitations to comparative asset class data. Indices are unmanaged and a Masterworks investor cannot invest directly in an index.
Content creator (the “Endorser”) receives cash compensation from Masterworks, LLC (“Masterworks”). Endorser is a client of Masterworks. Masterworks can only make and accept sales after an offering statement has been filed, and “qualified”, by the SEC. Any offers may be revoked before notice of qualification. Indications of interest involve no obligation.
Investing involves risk. Past performance not indicative of future returns. For further disclosure on Regulation A Offerings, Risks of Investing, Performance Metrics, Art Market Data, and more visit the offering documents filed with the SEC and Important Disclosures at masterworks.com/cd.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Why Catastrophe Bonds Yield 12%. Should You Invest?
A new ETF allows individuals to earn income by insuring against natural disasters through investing in catastrophe bonds. We break down the historical returns, risk, fees, and structure of this intriguing …
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A new ETF allows individuals to earn income by insuring against natural disasters through investing in catastrophe bonds. We break down the historical returns, risk, fees, and structure of this intriguing investment opportunity.
Topics covered include:
- What types of natural disasters are increasing
- How insurance companies use reinsurance and cat bonds to protect against extreme losses
- Why home insurance premium increases should be lower in 2026
- How cat bonds are structured and what makes them a unique fixed income security
- What to consider in deciding to invest in cat bonds.
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Investments Mentioned
Brookmont Catastrophic Bond ETF (ILS)
Stone Ridge High Yield Reinsurance Risk Premium Fund (SHRIX and SHRMX)
Show Notes
Miami Is Entering a State of Unreality by Mario Alejandro Ariza—The Atlantic
Historical Hurricane Tracks—NOAA
2026 Climate and Catastrophe Insight—AON
BERKSHIRE HATHAWAY INC. 2002 ANNUAL REPORT—Berkshire Hathaway
When, Where and How Often Insurers Fail—PACICC
Swiss Re Global Cat Bond Performance Index returns 11.40% for 2025—Artemis
Catastrophe Bonds by Alexander Braun and Carolyn Kousky—Wharton
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What Will Drive Financial Markets in 2026—and How to Make It Your Best Year
We explore the forces likely to shape financial markets in 2026 and how to make better decisions as you pursue your goals this year.Topics covered include:The difference between intentions and resolutionsKey …
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We explore the forces likely to shape financial markets in 2026 and how to make better decisions as you pursue your goals this year.
Topics covered include:
- The difference between intentions and resolutions
- Key behavioral biases and how to overcome them
- The cautionary tale of a private real estate fund that went public
- Is the affordability crisis real?
- The big test for AI in 2026
- The financial and economic outlook for the year
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Show Notes
A Slightly Better You in the New Year by Roland Fryer—The Wall Street Journal
Handbook of Cognitive Biases—Federal Intelligence Service FIS
America’s affordability crisis is (mostly) a mirage—The Economist
When Your Private Fund Turns $1 Into 60 Cents by Jason Zweig—The Wall Street Journal
Canadians Are Furious After Real Estate Funds Lock Up Their Money by Paula Sambo—Bloomberg
Blue Rock TI+ Annual Report—Securities and Exchange Commission
Is AI More Like a Mind or a Market? by Walter Frick—Bloomberg
Don’t Fear the Bubble Bursting by Carl Benedikt Frey—The New York Times
Related Episodes
484: 7 Steps to Living a Longer Life
414: Use Caution with Private REITs like Blackstone’s BREIT
Masterworks Disclosures
Listeners get priority access to Masterworks at https://www.Masterworks.com/david
Art correlation and appreciation data based on repeat-sales index of historical Post-War & Contemporary Art market prices and S&P 500 annualized return (includes dividends reinvested) from 1995 to 2025, developed by Masterworks. There are significant limitations to comparative asset class data. Indices are unmanaged and a Masterworks investor cannot invest directly in an index.
Content creator (the “Endorser”) receives cash compensation from Masterworks, LLC (“Masterworks”). Endorser is a client of Masterworks. Masterworks can only make and accept sales after an offering statement has been filed, and “qualified”, by the SEC. Any offers may be revoked before notice of qualification. Indications of interest involve no obligation.
Investing involves risk. Past performance not indicative of future returns. For further disclosure on Regulation A Offerings, Risks of Investing, Performance Metrics, Art Market Data, and more visit the offering documents filed with the SEC and Important Disclosures at masterworks.com/cd.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Debt Is For Managing Wealth Not Creating It
Should you borrow money to magnify returns in your 401 (k), IRA, or other tax-deferred retirement account?We examine Basic Capital, which allows investors to leverage their retirement account investments.We …
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Should you borrow money to magnify returns in your 401 (k), IRA, or other tax-deferred retirement account?
We examine Basic Capital, which allows investors to leverage their retirement account investments.
We also explore how the wealthy don't use debt to generate wealth but to manage it.
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Show Notes
This 30-Year-Old’s Startup Is Bringing Leverage to 401(k) Savers by Suzanne Woolley—Bloomberg
This startup is offering mortgages for 401(k)s by Liz Hoffman—Semafor
Startup Failure by Elizabeth Pollman—SSRN
Related Episodes
353: The Pros and Cons of Infinite Banking and Whole Life Insurance
238: The U.S. Is More Socialist Than Denmark Regarding Home Mortgages
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Do Retiring Baby Boomers Actually Move Markets? And How Much Do Demographics Really Matter
As Baby Boomers continue to retire, some analysts expect financial markets to feel the strain. We examine whether demographic shifts truly shape stock and bond returns, or what other factors matter more.Topics …
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As Baby Boomers continue to retire, some analysts expect financial markets to feel the strain. We examine whether demographic shifts truly shape stock and bond returns, or what other factors matter more.
Topics covered include:
- Will retiring baby boomers lead to lower stock prices or higher interest rates
- Some earlier demographic predictions and how they worked out
- How do natural interest rates reflect the demand and supply of capital
- Why demographics are only one factor that determines economic growth and financial market returns
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Show Notes
Measuring the Natural Rate of Interest—Federal Reserve Bank of New York
Distribution of Household Wealth in the U.S. since 1989—The Federal Reserve
Related Episodes
Related Episodes
487: Are We Heading for a 2030s Depression? Global Economic and Population Shifts
445: From Boom to Bust—Why China’s Stocks Lagged Behind Its Economy & Where to Invest Next
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.
Burnout, Breaks, and the Courage to Spend with David Bach
David converses with best-selling author David Bach about preventing burnout through sabbaticals, moving to another country, why retirees should take Social Security as early as possible, and Bach's idea of a …
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David converses with best-selling author David Bach about preventing burnout through sabbaticals, moving to another country, why retirees should take Social Security as early as possible, and Bach's idea of a flat tax on IRA distributions.
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Show Notes
David Bach's IRA Flat Tax Idea
Related Episode
506: Should You Retire Early and Live Outside Your Home Country? With Joshua Sheets
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Sports Betting Is Not Investing
Can you really make money sports betting on low-risk, high-probability events?Topics covered include:The growing size and influence of the U.S. sports betting marketRecent sports betting scandalsHow sports …
Shownotes
Can you really make money sports betting on low-risk, high-probability events?
Topics covered include:
- The growing size and influence of the U.S. sports betting market
- Recent sports betting scandals
- How sports betting odds work
- An intriguing low-risk approach to sports betting
- Why the low-risk sports betting approach is still gambling with a negative expected return
- Behavioral biases that encourage sports betting
- Revisiting the difference between investing, speculating, and gambling
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Show Notes
https://info.lowstressbets.com/
How Do Betting Odds Work? by OC Staff—oddschecker
Senate Commerce Committee Wants Answers on NBA Gambling Scandal—Senate Commerce Committee
ESPN Will Not Let Failure Push It Out Of The Gambling Business by Chris Thompson—Defector
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Hoarding, FOMO, and Zcash: A Private Bitcoin
What’s the difference between hoarding and investing? There’s a reason markets built on productive assets—like stocks and bonds—are far larger than hoarding markets such as gold and cryptocurrency. In this …
Shownotes
What’s the difference between hoarding and investing? There’s a reason markets built on productive assets—like stocks and bonds—are far larger than hoarding markets such as gold and cryptocurrency. In this episode, David explores why that is, and shares why he recently bought Zcash, and how it’s both similar to and different from Bitcoin.
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Money for the Rest of Us Substack
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Show Notes
The Largest Companies by Market Cap in October 2025—The Motley Fool (Accessed October 2025)
Selling Gold in the Diamond District - Money for the Rest of Us Substack
Related Episodes
513: Crypto—Innovation or Insanity? Meme Coins, Hacks, and Strategic Bitcoin Reserves
432: Are the Economy and Financial Markets Zero-Sum Games?
496: Are You Taking Enough Aspirational Risk?
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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