Money For the Rest of Us Money For the Rest of Us
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A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com
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7 Steps to Living a Long Life
Seven ways to increase the odds of living long into your retirement years (if you choose to retire).
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Show Notes
Podcast Stats: How many podcasts are there?—Listen Notes
Quality Over Quantity Is A Growth Strategy by Steven Goldstein—Amplifi Media
Slow Productivity by Cal Newport—Penguin Random House
Why our brains crave beauty, art and nature by Jemima Kelly—The Financial Times
Why southern Europeans will soon be the longest-lived people in the world—The Economist
What I’ve learnt from two decades eating in Paris by Simon Kuper—The Financial Times
Getting Good Sleep Could Add Years to Your Life—American College of Cardiology
Close friends can help you live longer but they can spread some bad habits too by Maggie Mertens—NPR
United we thrive: friendship and subsequent physical, behavioural and psychosocial health in older adults (an outcome-wide longitudinal approach) by E. S. Kim, W. J. Chopik, Y. Chen, R. Wilkinson and T. J. VanderWeele—Cambridge University Press
Why I’ve hung up my wellies and given up the country cottage by Tom Hodgkinson—The Financial Times
An Emersonian Guide to Taking Control of Your Life by Arthur C. Brooks—The Atlantic
Why you should never retire—The Economist
It’s not so ‘terribly strange to be 70’ by Anne Lamott—The Washington Post
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Don't Lose Access to Your Cash: Comparing Banks, Neobanks, and Fintech Platforms for Cash Savings
Millions of fintech app users have lost access to their cash. In this episode, we explain why this happened and show you how to protect yourself when placing cash with traditional banks, neobanks, and fintech platforms.
Topics covered include:The mass chaos in the fintech space spawned by the bankruptcy of Synapse Financial TechnologiesWhat are FBO accounts, and why they are so troublesomeWhat is the difference between a traditional bank, a neo bank, and a non-bankWhat to look for and protect yourself when investing your cash savings
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Show Notes
CHAPTER 11 TRUSTEE’S INITIAL STATUS REPORT BY UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA SAN FERNANDO VALLEY DIVISION—CourtListener
Fintech platform Synapse raises $33M to build ‘the AWS of banking’ by TechCrunch—Synapse
X Post by Jason Mikula—X
"Full Reconciliation... May Not Be Possible," Synapse Trustee Says by Jason Mikula—Fintech Business Weekly
Mercury Seeking $30M From Synapse, Emergency Court Filing Reveals by Jason Mikula—Fintech Business Weekly
Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse by Mary Ann Azevedo—TechCrunch
Fintech startup Copper forced to discontinue banking services amid Synapse fiasco by Taylor Soper—GeekWire
a16z-backed Tellus wants to offer consumers a much better savings rate. Here’s how. by Mary Ann Azevedo—TechCrunch
FDIC Demands Three Companies Cease Making False or Misleading Representations about Deposit Insurance—FDIC
Related Episodes
440: Beware of Platform Risk
424: Are More Bank Runs Coming? The Collapse of Silicon Valley Bank
412: Where to Invest Your Cash Savings for Higher Yields
304: A 15% Guaranteed Return? Lending on the Fringes of Finance
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Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity
How a few high-impact successes drive up overall average outcomes in investing, business, and creative projects. How to harness positive skewness using a barbell approach. Learn when to mitigate risks and when to embrace them.
Topics covered include:What is positive skewness and how does it manifest in investing, business and creative endeavorsHow power laws and the 80/20 rule workWhy we shouldn't beat ourselves up if we aren't incredibly successfulWhen should we reduce positive skewness and when should we embrace it
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Show Notes
Long-Term Shareholder Returns: Evidence from 64,000 Global Stocks by Hendrik Bessembinder, Te-Feng Chen, Goeun Choi, K.C. John Wei—SSRN
Long-Horizon Stock Returns Are Positively Skewed by Adam Farago and Erik Hjalmarsson—SSRN
Wealth Creation in the U.S. Public Stock Markets 1926 to 2019 by Hendrik Bessembinder—SSRN
The Coffee Can portfolio by Robert G. Kirby—csinvesting
Active vs Passive Investing U.S. Barometer Report—Morningstar
Table 7. Survival of private sector establishments by opening year—U.S. Bureau of Labor Statistics
How Many Podcasts Are There? (New 2024 Data) by Josh Howarth—Exploding Topics
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How to Navigate the Crippling Home Insurance Crisis
Why are homeowners seeing home insurance premiums increases of up to 70%, as David has? What can you do if your insurer drops you, you get a huge premium increase, or you can no longer afford coverage?
Topics covered include:What are the primary drivers of home insurance price increasesWhy these increases don't show up in the U.S. consumer price indexHow the reinsurance market works and why reinsurers are passing on 50% premium increases to property and casualty insurers.What percentage of home insurers self-insureWhat else can homeowners do
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Show Notes
Home Insurance Is Clobbering Consumers. Yet It’s Barely Counted in Inflation. by Jeanna Smialek—The New York Times
NIPA Handbook: Concepts and Methods of the U.S. National Income and Product Accounts: Chapter 5: Personal Consumption Expenditures—Bureau of Economic Analysis
The crippling home insurance crisis hitting America by Rana Forhoohar—The Financial Times
The Hidden Driver of Soaring Home Insurance Costs by Jean Eaglesham—The Wall Street Journal
When Disaster Strikes: Preparing for Climate Change by Seán Nolan and Krishna Srinivasan—IMF Blog
Home insurance was once a ‘must.’ Now more homeowners are going without. by Patrick Cooley—The Washington Post
Homeowners Perception of Weather Risks 2023 Q2 Consumer Survey—Insurance Information Institute
Insurance Companies Feeling the Pressure in Iowa and the Midwest by Jerry Theodorou—Insurance Journal
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Beyond Faster (T+1) Trade Settlements: The Hidden Costs of Optimization
Why stock, ETF, and bond trades are optimized to settle in less than a day, allowing investors quicker access to their cash and securities. What are the benefits and costs of optimization in the relentless drive for cheaper, faster, and more profitable.Why countries are moving to T+1 settlement from T+2 for security tradesWhat will it take for securHow BlackRock and Franklin have launched Treasury funds that are tokenized and trade on the Etherium networkHow optimization works and what are the tradeoffsHow we can use satisficing and rules of thumb in order to cope with the complexity of the world
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Show Notes
About the ‘T+1’ Rule Making US Stocks Settle in a Day by Lydia Beyoud and Greg Ritchie—Bloomberg
SEC Chair Gensler Statement on Upcoming Implementation of T+1 Settlement Cycle—SEC
What faster trading cycles will mean for US markets by Jennifer Hughes and Harriet Clarfelt—The Financial Times
Speedier Wall Street Trades Are Putting Global Finance On Edge by Greg Ritchie—Bloomberg
BlackRock closes in on crown of world’s largest bitcoin fund by Will Schmitt and Brooke Masters—The Financial Times
Optimal Illusions: The False Promise of Optimization by Coco Krumme
Financial Statement Analysis with Large Language Models by Alex G. Kim, Maximilian Muhn, and Valeri V. Nikolaev—The University of Chicago
Related Episodes
457: AI’s Fork in the Road: Societal Bliss or Existential Threat
329: Meme Stocks, GameStop, Short Squeezes, and Bubbles
228: How Tokenization Will Radically Change Investing
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National Debt Masterclass Finale - What To Do
In part three of our national debt masterclass, we share a simple debt dynamics formula we can monitor to help guide our investment choices.
Topics covered include:How much has the national debt grown over the past fifties years, and what are the underlying driversHow the budget deficit, interest rates, and economic growth determine the level and growth in the national debtUnder what circumstances will the U.S. default on its debtHow should we invest to protect ourselves from the uncertainties of the national debt situation
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Show Notes
Jerome Powell: Full 2024 60 Minutes interview transcript—CBS News
Yellen says she disagrees with Moody's outlook on US debt by Ann Saphir and David Lawder—Reuters
IMF Steps Up Its Warning to US Over Spending and Ballooning Debt by Christopher Condon—Bloomberg
WHEN DOES FEDERAL DEBT REACH UNSUSTAINABLE LEVELS?—Penn Wharton
The Long-Term Budget Outlook: 2024 to 2054—Congressional Budget Office
PUBLIC DEBT AND LOW INTEREST RATES by Olivier J. Blanchard—NBER
Bond vigilantes snooze as Treasury market shrugs off vast US borrowing by Kate Duguid—The Financial Times
Term Premium on a 10 Year Zero Coupon Bond—FRED
Instantaneous Forward Term Premium 10 Years Hence—FRED
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Customer Reviews
Mostly good content
Do some research on Perkins before you use him as a role model.
The art of speaking
The content is quite interesting but unfortunately David Stein doesn’t know how to speak. He should learn to do some breath work in order for his voice to become less shrill, and NOT speak in such stilted, fragmented, disconnected, DISJOINTED way. Sentences are supposed to flow together in order to deliver the concepts they’re trying to convey.
Great show, love the ‘down to earth’ explanations
Love listening to the show, great content. I was surprised though that in the episode: ‘How to Lock in higher Yields in Case Interest Rates Fall’ didn’t mention long term fixed annuities.
I’ve locked in two 7 year fixed annuities, one at 5.5% and one at 6.15 %, compounding. I would have thought you would mention those higher rate fixed annuities as ways to protect against higher inter rates.