Money For the Rest of Us

We answer over a dozen questions from listeners on investing, housing, retirement, business, podcast production, and more.Topics discussed include:The Endowment ModelTeaching children about investing4 influential investing booksThe difference between being an entrepreneur and investingThe balance between too much and too little efficiency and productivityWhat we learned about investing from the Covid crashHow asset allocation changes as one gets olderThe state and future of cryptocurrencyIs now the time to buy individual stocks given high valuations for indicesDonor-advised fundsFDIC insuranceMoney For the Rest of Us production time and expensesIs it possible to have too much invested in one ETFIs a house and investment and will there be a housing crashHow to worry less about moneyBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to Policygenius and Clear for sponsoring the episode. Use code David to get two months free with Clear.For more information on this episode click here.Related Episodes211: How To Navigate A Housing Bubble306: Three Approaches to Asset Allocation317: How To Buy In A Hot Housing MarketSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What are the risks and opportunities of investing in frontier equity markets?Topics covered include:What are the criteria used to determine whether a country's stock market is considered a frontier, emerging, or developed marketWhy some countries aren't included in any MSCI stock indexHow large are frontier markets in terms of population, economic output, and equity marketsHow frontier market's favorable demographic profile make them attractive, but might not lead to higher investment returnsWhat are the risks of investing in frontier marketsHow expensive or cheap are frontier marketsWhat have been frontier market's historical returns, volatility, and maximum drawdownsWhat are ways to invest in frontier marketsBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to Mint Mobile and LinkedIn for sponsoring the episode.For more information on this episode click here.Show NotesMSCI Market ClassificationMSCI 2020 Market Classification ReviewKuwait’s Move from Frontier to Emerging Market—MSCIFrontier markets Longer Term Investments (LTI) by Corinne de Boursetty—UBS (PDF download)Frontier Markets: A Comparative Analysis by Cliff Quisenberry—Investment & Wealth InstituteUrbanisation and Economic Growth: The Arguments and Evidence for Africa and Asia by Ivan Turok and Gordon McGranahanWhy globalists and frontier-market investors love Vietnam—The EconomistThe Effects of Board Structure on Corporate Performance: Evidence from East African Frontier Markets by Yilmaz Guney, Ahmet Karpuz, and Gabriel KombaRelated Episodes233: Is An Emerging Markets Crisis Imminent?328: Are You Underweight Chinese Stocks? Pros and Cons of Investing in China341: How to Overcome Investing FearsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What are the pros and cons of owning an electric vehicle (EV) compared with an internal combustion engine (ICE) vehicle. Are electric vehicles worth it?Topics covered include:What is the total energy consumption for EVs versus ICE vehicles including energy expended to produce the vehicles and energy used to produce the electricity and refine the gasoline that run the vehicles.What vehicles weigh the most, ICE, EVs, or hybridsHow the mix of renewables and coal in the power grid impacts the energy impact of electric vehicles.What is the total cost of owning an electric vehicle compared with a similar model ICE vehicle.Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to IPVanish and Raycon for sponsoring the episode.For more information on this episode click here.Show NotesThe Gregor LetterThe Greenhouse gases, Regulated Emissions, and Energy use in Technologies Model—Argonne National LaboratoryVehicle Cost Calculator—Alternative Fuels Data CenterEV vs. Gas: Which Cars Are Cheaper to Own? by Roberto Baldwin—Car and DriverBatteries For Electric Cars Speed Toward a Tipping Point by Ira Boudway—BloombergShow NotesThe Gregor LetterThe Greenhouse gases, Regulated Emissions, and Energy use in Technologies Model—Argonne National LaboratoryVehicle Cost Calculator—Alternative Fuels Data CenterEV vs. Gas: Which Cars Are Cheaper to Own? by Roberto Baldwin—Car and DriverBatteries For Electric Cars Speed Toward a Tipping Point by Ira Boudway—BloombergSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What are ways to invest in water and is it an attractive investment?Topics covered include:How water rights work and how they have been overallocated in the Colorado River basin.Why agriculture uses the vast majority of water in the southwestern U.S. while contributing only a few percentage points to the region's gross domestic product.Why hedge fund manager Michael Burry invests in farmland instead of water rights.What ETFs are available to invest in waterWhat have the historical returns been for water stock investing, what are current valuations, and what is the expected long-term revenue growth.Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to Blinkist and Policygenius for sponsoring the episode.For more information on this episode click here.Show NotesBeyond the Signing by Laura Paskus—Water Education ColoradoWhere the Water Goes: Life and Death Along the Colorado River by David OwensWhat Happens When The Colorado River Runs Dry—Science FridayEditorial: There is no drought by The Times Editorial BoardNew Mexico’s coming megadrought highlights farmers’ control of water by Cody Nelson, Capital & Main—New Mexico Political ReportArizona | The Economic Contributions and Impacts of U.S. Food, Fiber, and Forest Industries—University of Arkansas Department of AgricultureU.S. Southwest, Already Parched, Sees ‘Virtual Water’ Drain Abroad by Diana Kruzman—Coyote GultchBrazil’s Worst Water Crisis in 91 Years Threatens Power Supplies by Walter Brandimarte and Gerson Freitas Jr—Bloomberg GreenDoes Arizona really use less water now than it did in 1957? by Andrew Nicla—azcentral.Arizona’s Groundwater Management Act at Forty: Tackling Unfinished Business by Kirsten H. Engel, Esther Loiseleur, Elise DrilhonMichael Burry, Real-Life Market Genius From The Big Short, Thinks Another Financial Crisis Is Looming—by Jessica Pressler—Intelligencer Global water crisis: Investing in water—FidelityRelated Episodes301: Use Caution with Alternative Investments334: How To Invest In Farmland336: Own What Is RealSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Half of the global financial system is made up of shadow banks. You have probably already used one. What are shadow banks and what to be wary of when using them.Topics covered include:What are the roles of shadow banksWhat are examples of shadow banksHow two shadow banks, Greensill Capital and Archegos Capital Management, contributed to billions of dollars in lossesHow China's massive use of shadow banks differs from the rest of the worldHow individuals investors can benefit from the careful use of shadow banks.Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to Mint Mobile and Clear for sponsoring the episode. Use code David to get two months of Clear for free.For more information on this episode click here.Show NotesQ+A-What is shadow banking and why does it matter? by Michelle Martin—ReutersWhat You Need to Know About the Shadow Banking System Now by Craig Kirsner—KiplingerGlobal Monitoring Report on Non-Bank Financial Intermediation 2020—Financial Stability BoardHow fintech will eat into banks’ business—The EconomistWhy is supply-chain finance, as practised by Greensill Capital, risky?—The EconomistTokio Marine defends governance over Greensill exposure by Leo Lewis, Kana Inagaki, and Ian Smith—Financial TimesRelated Episodes304: A 15% Guaranteed Return? Lending on the Fringes of Finance305: Are Banks Safe?333: How The Covid Shock Nearly Destroyed The Financial System339: How To Make Money with BlockFi, Dai and the Evolving DeFi EcosystemSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why productivity growth is key to creating wealth. Why U.S. productivity growth is slowing, and what we can do to increase business and personal productivity.Topics covered include:How productivity is measured and how it relates to GDP, inflation, and living standardsHow productivity growth has led to more food, better health, better housing, and more consumer goods.What are potential reasons why productivity growth is slowingEvidence that work from home has led to lower productivityWhat individuals and businesses can do to increase productivityBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to LinkedIn and Hello Fresh for sponsoring the episode. Use code david12off for 12 free meals with free shipping from Hello Fresh.For more information on this episode click here.Show NotesThe Slowdown in Productivity Growth and Policies That Can Restore It by Emily Moss, Ryan Nunn, and Jay Shambaugh—The Hamilton ProjectThe technology-employment trade-off: Industry, automation, and income effects by Gene Kindberg-Hanlon—World Bank BlogsWill productivity and growth return after the COVID-19 crisis? by Jan Mischke, et al.—McKinsey & CompanyWork from Home & Productivity: Evidence from Personnel & Analytics Data on IT Professionals by Michael Gibbs, Friederike Mengel, Christoph Siemroth—Becker Friedman Institute for EconomicsThe Work of the Future: Building Better Jobs in an Age of Intelligent Machines by David Autor, David Mindell, and Elisabeth Reynolds—Massachusetts Institute of TechnologyHow to Stop Worrying and Love the Robot Apocalypse (Ep. 461) by Stephen J. Dubner, Produced by Zack Lapinski—FreakanomicsIs working from home bad for productivity? by Claire Jones—Financial TimesA World Without Email: Reimagining Work in an Age of Communication Overload by Cal NewportEffortless: Make It Easier to Do What Matters Most by Greg McKeownRelated Episodes142: Why Are Some Nations Wealthier Than Others?231: What Determines How Much You Make300: Ray Dalio and the Changing World Order331: Why Do We Work So Much?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How today's inflationary environment is similar and different from the great inflation of the 1970s. What are the best assets to protect your portfolio if the next great inflation is here.Topics covered include:How is inflation measured and why the pandemic made calculating inflation difficultWhat causes inflationWhy is inflation increasing currentlyWhat caused the great inflation of the 1970sWhich assets are best to own to protect against inflationBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to Blinkist and IPVanish for sponsoring the episode.For more information on this episode click here.Show NotesA Complete Guide to Understanding and Protecting Against Inflation—Money For The Rest of UsGreat Inflation 2.0? Lessons from the 1970s by Simon Macadam—Capital EconomicsWhen it comes to inflation, how much fortitude does the Fed have? by Sebastion Mallaby—Financial TimesIf Inflation Is Coming, Here Is What to Do About It by James Mackintosh—The Wall Street JournalA Complete Guide to Investing in TIPS and I Bonds—Money For The Rest of Us334 Plus: A New Inflation ETF, Inverse ETFs, and Excess CAPE Yields—Money For The Rest of UsIVOL ETF Analysis and Review—Money For The Rest of UsWhat is Roll Yield and How It Impacts Commodity and VIX ETF Returns—Money For The Rest of UsDIVIDENDS: THEORY AND EMPIRICAL EVIDENCE—Aaron Brask Capital, LLC.Related ContentA Complete Guide to Understanding and Protecting Against InflationA Complete Guide to Investing in TIPS and I BondsIVOL ETF Analysis and ReviewWhat is Roll Yield and How It Impacts Commodity and VIX ETF Returns336: Own What Is Real337: Why in the World Would You Own Bonds?338: The National Debt, Inflation, and the U.S. Dollar—What Could Go Wrong?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Seven ways to manage fear in order to improve your investing. How fear can be beneficial.Topics covered include:Why fear can be both helpful and harmfulWhy expected investment returns are lower from a year agoWhat are the drivers of asset class returnsWhat is a bucket approach to investing and why it can be helpfulWhat are ways to automate investingWhy getting an investment second opinion can be valuableWhy we can never avoid investing mistakesBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to Raycon and Policygenius for sponsoring the episode.For more information on this episode click here.Show Notes“How do I get rid of the fear?” by Seth Godin—Seth's BlogThe Gift of Fear by Dharmavidya David Brazier—Tricycle: The Buddhist ReviewRelated Episodes254: Should You Be 100% Invested In Stocks?306: 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.

How businesses, households, governments, asset managers, and investors interact in unpredictable ways to address the risks and opportunities related to climate change and other global trends. Why ESG investing goes beyond just buying an ESG fund or ETF.Topics covered include:What are incentives, constraints, opportunities, and risks faced by businesses, households, governments, asset managers, and investors when deciding what to do.What is ESG and sustainable investingWhat are the different levels of sustainable investing practiced by investors and asset managersHow investors can benefit from emerging technologies to combat climate changeThanks to Mint Mobile and Clear for sponsoring the episode. Use code David for two months free of Clear.For more information on this episode click here.Show NotesThe Beauty of Everyday Things by Soetsu Yanagi (affiliate link)Darmstadt Definition of Sustainable Investments by Johannes Hoffmann, Gerhard Scherhorn, Timo Busch (eds.)—Wuppertal InstituteFACT SHEET: President Biden Sets 2030 Greenhouse Gas Pollution Reduction Target Aimed at Creating Good-Paying Union Jobs and Securing U.S. Leadership on Clean Energy Technologies, APRIL 22, 2021—The White HouseCDP Climate CharityDrawdown Framework—Project Drawdown‘I Will Get Very Serious About ESG — But Not Yet,’ Allocators Claim by Amy Whyte—Institutional InvestorHow Sensitive are Optimal Fully Renewable Power Systems to Technology Cost Uncertainty? by Behrang Shirizadeh, Quentin Perrier, and Philippe QuirionTechno-optimism, behaviour change and planetary boundaries by Adair Turner—Keele World Affairs Lectures on SustainabilityActivate Your Money: Invest to Grow Your Wealth and Build a Better World 1st Edition by Janine Firpo (affiliate link)Making Sense Podcast 244 - Food, Climate, and Pandemic Risk—Sam HarrisWhy Invest in Disruptive Innovation?—Ark InvestRelated Episodes77: Does Ethical Investing Outperform the Market?118: Are Renewable Energy ETFs a Good Investment?140: How Climate Change Could Impact Your Investments and Your Life251: Impact Investing and IntentionalitySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What is decentralized finance and how it is seeking to solve the shortcomings of centralized finance. How BlockFi and MakerDAO, early entrants in the DeFi space work. How to earn up to a 9% yield with cryptocurrency lending.Topics covered include:How centralized finance differs from decentralized finance (DeFi)What are the shortcomings of centralized finance and why decentralized finance is more inclusiveWhat are the key elements of DeFiHow Ethereum smart contracts workHow MakerDao and Dai work and replicate many aspects of the modern financial systemHow BlockFi operates using overcollateralized and undercollateralized loansWhat are the risks of cryptocurrency lending using BlockFi and DaiThanks to LinkedIn and Truebill for sponsoring the episode.For more information on this episode click here.Show NotesCrypto Lending Interest Rates for April 2021—DeFi RateDeFi and the Future of Finance by Campbell R. Harvey, Ashwin Ramachandran, and Joey SantoroMillions Lost: The Top 19 DeFi Cryptocurrency Hacks of 2020 by Anton Tarasov—Crypto BriefingBitcoin Lending & Borrowing w/ BlockFi’s Zac Prince & Mark Yusko—Bitcoin Fundamentals by the Investor's Podcast NetworkBlockFi lands a $350M Series D at a $3B valuation for its fast-growing crypto-lending platform by Mary Ann Azevedo—Tech CrunchBlockFi Hacked Following SIM Swap Attack, But Says No Funds Lost by Graham Cluley—TripwireMaker Protocol Full Guide: How to Make Money with DAI by Evan Ezquer—Asia Crypto TodayDeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop by Brady Dale and William Foxley—CoinDeskCelsius Network Interest Rates, Explained—CelsiusWhat Crypto Lender Celsius Isn’t Telling Its Depositors by Nate DiCamillo—CoinDeskRelated Episodes304​: A 15% Guaranteed Return? Lending on the Fringes of Finance319: Here Come Central Bank Digital Currencies335: Are Non-Fungible Tokens Good Investments?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.