Money For the Rest of Us

Discussing how slowing population growth and an eventual peak will impact competition for foreign workers, inflation, and transitioning to a steady-state economy. Exploring the implications of longevity and birthrates on population growth, the need for more immigrants in high-income countries, and the shift towards a focus on well-being over constant growth.

Five ways we can better take and manage risk.Topics covered include:How likely is it that China will invade Taiwan and the stock market will fall 80%Why experts tend to be humble and don't make specific predictionsWhat is the difference between risk and uncertainty, and between loss capacity and loss aversionWhat factors impact our degree of loss aversion and loss toleranceWhy the economy needs more risk takers rather than rentiersFor more information on this episode click here.SponsorsMasterworks - invest in modern artReal VisionShow NotesInvestor Risk Profiling: An Overview by Joachim Klement, CFA—CFA Institute Research FoundationLooming Large or Seeming Small? Attitudes Towards Losses in a Representative Sample by Jonathan Chapman, et al.The Global Impacts of Climate Change on Risk Preferences by Wesley Howden and Remy LevinDoes Mood Take the Front Seat in Determining the Financial Risk-Taking Propensity of Individuals? Evidence from India by Crystal Glenda Rodrigues and Gopalakrishna B. VVenture Capital AUM at Record High of $2tn—Preqin10 Key Facts About the Capital Markets by Katie Kolchin, CFA—SIFMARelated EpisodesWhat Is Risk vs Uncertainty?268: How To Better Manage Risk350: How to Invest in Startups on Equity Crowdfunding Platforms?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How protected are you if the brokerage firm where you hold your stocks, bonds, and crypto assets files for bankruptcy? Why you shouldn't store your crypto assets with an online broker.Topics covered include:How traditional brokerage firms protect their client assets in case of bankruptucyHow cryptocurrency brokers, such as Voyager, mistreat their clients in bankruptcy proceedingsWhat is the safest way to hold cryptocurrencyFor more information on this episode click here.SponsorsKeeper - keep your passwords safePolicygeniusMoney For the Rest of Us PlusShow NotesVoyager To Acquire Circle Invest Retail Digital Asset Business From Circle Internet Financial—CisionWelcome, Circle Invest! Voyager Acquires Circle Invest's Retail Customers—VoyagerCrypto lender Voyager Digital files for bankruptcy by Shivam Patel, Sinead Cruise, and Tom Wilson—ReutersCrypto lender Voyager addresses customer anger in first bankruptcy hearing by Dietrich Knauth—ReutersIf a Brokerage Firm Closes Its Doors—FINRACrypto Broker Voyager Digital Says Three Arrows Capital Hasn’t Repaid $666 Million in Loans by Vicky Ge Huang—The Wall Street JournalFrom $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors down with it by MacKenzie Sigalos—NCBCRopes & GrayUpdate on Customer USD and Crypto—VoyagerInvestors lament potentially lost ‘millions’ on Voyager bankruptcy by Brian Quarmby—CointelegraphCoinbase Quarterly ReportCFTC Charges MF Global Inc., MF Global Holdings Ltd., Former CEO Jon S. Corzine, and Former Employee Edith O’Brien for MF Global’s Unlawful Misuse of Nearly One Billion Dollars of Customer Funds and Related Violations—Commodity Futures Trading CommissionRelated Episodes387: Why Most Money Fails392: What Is Money and How to Use ItSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

David and his son Camden conclude their conversation about money.Topics covered include:A review of money principles discussed in Part 1How money is createdHow money is energyWhy bank runs occurHow cryptocurrency fails as moneyHow money is debt backed by debtFor more information on this episode click here.SponsorsPolicygeniusMoney For the Rest of Us PlusSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

David and his son Camden hold a conversation about money, its attributes, how it's created, and how money differs from investments.Topics covered include:How our earliest money memories impact our views on moneyThe difference between public and private moneyWhat are the two primary attributes of moneyWhy money should be accepted with no questions askedHow some countries use more cash than othersHow money differs from investingWhy private money can be riskyFor more information on this episode click here.Show NotesFree email course and PDF on how to beat inflationSponsorsLinkedIn – Post your job for freeReal VisionSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Three things investors can do to survive this bear market and thrive in its aftermath.Topics discussed include:What are bear markets, how often do they occur, and how long do they lastHow the current bear market differs from previous onesHow severe have losses been for various asset classesHow have asset class long-term expected returns changed since last November when the sell-off beganWhat actions can investors take to make it through this bear market and take advantage of opportunitiesFor more information on this episode click here.Episode SponsorsLinkedIn - Post your job for freeReal VisionShow NotesUS Leading Indicators, Updated: Friday, June 17, 2022—The Conference BoardInvestment Mentioned In this EpisodeThe Vanguard Total World Stock Market ETF (VT)ARK Innovation ETF (ARKK)iShares Edge MSCI Intl Value Factor ETF (IVLU)Vanguard Total Bond Market ETF (BND)iShares 20+ Year Treasury Bond ETF (TLT)Related Episodes306: Three Approaches to Asset Allocation326: The New Math of Retirement Spending and InvestingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week on the show, David shares some investing lessons from fly fishing and introduces our new course on How To Invest in Closed-End Funds.Between now and the end of June get 25% off the course. You can learn more here.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How big index fund and ETF providers have increased their sway over publicly-traded companies while potentially discouraging competition. What can be done about it?Topics covered include:How market share for assets under management has become increasingly concentrated with big fund complexes like Vanguard and BlackRockWhat is a fiduciary relationship and how do asset managers serve as fiduciariesWhy do investors in index funds and ETFs have no input as to how fund sponsors vote on shareholder proposalsWhat percentage of outstanding shares do Vanguard and BlackRock own of publicly traded companies like Apple, Target, or gun manufacturersHow Vanguard and BlackRock use engagement and voting policies to influence publicly traded companies, particularly when it comes to climate risk and diversityHow ownership by Vanguard and BlackRock in publicly-traded companies in the same industry could discourage competition.What can be done through regulation or through individual action to reduce Vanguard and BlackRock's influenceFor more information on this episode click here.SponsorsPolicygenius - save over 50% on life insuranceWealthfront - get your first $5,000 managed for free for lifeShow NotesWhat BlackRock, Vanguard and State Street Are Doing to the Economy by Farhad Manjoo—The New York TimesInvestment Company Fact BookWorld's Top Asset Management Firms—ADV RatingWest Virginia Treasury Drops BlackRock Over Stance on Climate Risk by Alicia McElhaney—Institutional InvestorHow an Organized Republican Effort Punishes Companies for Climate Action by David Gelles and Hiroko Tabuchi—The New York TimesThe Future of Corporate Governance Part I: The Problem of Twelve by John C. Coates, IVLarry Fink’s 2022 Letter to CEOs: The Power of CapitalismBlackRock's gun money by Dan Primack—AxiosInvestment Stewardship 2021 Annual Report—VanguardProxy Voting Policy for U.S. Portfolio CompaniesAnticompetitive Effects of Common Ownership by José Azar, Martin C. Schmalz, and Isabel TecuCommon Ownership and Industry Profitability: A Crossindustry View by Haifeng Wang, Jan-Carl Plagge, James Rowley, Roger A Aliaga-DiazHow ESG investing came to a reckoning by Harriet Agnew, Adrienne Klasa and Simon Mundy—Financial TimesRelated Episodes148: Is Your Financial Advisor Loyal to You?234: Index But Don’t Herd340: Climate Change, ESG, and What Should Investors Do?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We explore whether long-term and short-term single-family home rentals are contributing to higher rents, higher home prices, and a housing shortage. What are the options for investing in this space and should we?Topics covered include:What is financializationWhat are examples of how financialization and government policy has impacted housingHow homeownership rates vary around the worldHow much of a presence do equity REITs have in the single-family home rental spaceHow a housing shortage and more vacation rentals show up in vacancy ratesHow short-term rentals can magnify the housing shortageWhat are options for investing in single-family home rentalsFor more information on this episode click here.SponsorsMasterworks - Invest in contemporary paintingsReal Vision - be one of the first to learn about Real Vision's new investing and trading educationShow NotesFinancialization and the World Economy by Gerald A. EpsteinHousing Vacancies and Homeownership (CPS/HVS)—United States Census BureauList of countries by home ownership rate—WikipediaThe Evolution of Homeownership Rates in Selected OECD Countries: Demographic and Public Policy Influences by Dan Andrews and Aida Caldera Sánchez—OECD Journal: Economic StudiesBest Places to Invest in Vacation Rentals in 2021 & 2022—AirDNAAirbnbs Outnumber New York City Apartments in Hot Market by Michael Tobin—BloombergAIRBNB Airbnb Enables “Split Stays” to Ease Inventory Woes by Mitra Sorrells—WITAmid Tucson housing shortage, Airbnbs fill up whole apartment buildings by Carol Ann Alaimo—Tucson.comVacation Rental Industry Statistics—iPropertyManagement.comAverage Airbnb Occupancy Rates By City [2022]—AllTheRoomsInvestments MentionedAmerican Homes 4 Rent (AMH)Invitation Homes (INVH)Sun Communities Inc (SUI)ArrivedRoofstockRelated Episodes154: Do Homeowner Tax Breaks Cause Homelessness?238: The U.S. Is More Socialist Than Denmark Regarding Home Mortgages258: How Financialization Pushes Up Home Prices357: Is a Housing Crash Coming?370 Plus: Investing in Latin America Stocks, TIPS, and Single-Family Rental HomesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How financial markets and the economy performed last time the Federal Reserve took away the punch bowl by raising its policy rate and pursuing quantitative tightening. Things worked out fine that time. Will it be different this time?Topics covered include:Where did the phrase take away the punch bowl come fromHow central bank actions can slow the economy and lower inflation.The difference between having cash and having wealthHow quantitative easing and quantitative tightening workWhat happened last time the Federal Reserve pursued quantitative tighteningFor more information on this episode click here.SponsorsFarmTogether - Your farmland investment managerLinkedIn - Post your job for freeShow NotesAddress before the New York Group of the Investment Bankers Association of America on October 19, 1955, by William McChesney Martin, Jr.—FRASERM2—Federal Reserve Economic DataAssets: Total Assets: Total Assets: Wednesday Level—Federal Reserve Economic DataAssets: Securities Held Outright: U.S. Treasury Securities: All: Wednesday Level—Federal Reserve Economic DataAmericans Reported Strong Personal Finances Late Last Year, Fed Finds by David Harrison—The Wall Street Journal270: Repo Rates Soared—Here’s Why It MattersRelated Episodes270: Repo Rates Soared—Here’s Why It Matters295: Federal Reserve Insolvency and Monetizing the National Debt312: What the Federal Reserve’s New Policies Mean For Your FinancesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.