Money For the Rest of Us

J. David Stein
  • 4.5 (1.3K)
  • Investing
  • Weekly

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

  1. 1d ago

    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 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 underperformingMichael Mauboussin's paradox of skill in investingHow much of the stock market do index funds own?William Sharpe's arithmetic of active managementWhy index funds still have to tradeActive vs. passive: stock pickers are lagging more than everHow index fund flows hurt active managers (Unterberg study)Example: how $100 of fund flows moves stock pricesWho buys the stocks active managers sell?Do fund managers sell their best ideas during outflows?Who sells shares to index funds? Companies and insidersWill active management outperform again?Will retiring baby boomers crash the stock market? 19:38 How to invest when index funds drive stock prices 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 Episode 567 transcript Episode slides 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 Passive Flows, Active Woes: Passive Investing and the Decline of Active Mutual Fund Alpha by Hannah Unterberg—SSRN Boomer Retirement: Headwinds for U.S. Equity Markets? by Zheng Liu and Mark M. Spiegel—Federal Reserve Bank of San Francisco Is Boomer Retirement Still Weighing Down U.S. Equity Markets? by Zheng Liu and Mark M. Spiegel—Federal Reserve Bank of San Francisco Sponsors Get the free guide from NetSuite: Aligning for the Agentic Era: How AI Is Changing Everyday Work Delete Me – Use code David20 to get 20% off See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Stock Pickers Keep Losing, Who's Winning?

  2. Oct 21 ·  Bonus

    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 measure P/E ratios and which is more accurateHow record profit margins are affecting P/E ratiosHow concentration risk is at an all-time high for U.S. stocksHow 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.  Episode Slides Episode Transcript Slides, transcript, and show notes also at: https://moneyfortherestofus.com/. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    U.S. Stocks Might Not Be as Expensive as You Think

  3. Oct 14

    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 simulate the investment outcomes for someone who invests $50 per week. Episode Slides Episode Transcript Sponsors Get the free guide from NetSuite: Aligning for the Agentic Era: How AI Is Changing Everyday Work Delete Me – Use code David20 to get 20% off Our Premium Products Asset Camp Money for the Rest of Us Plus See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    What If You Only Invested at Stock Market Peaks?

  4. Sep 30 ·  Bonus

    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 learned. Take the Money for the Rest of Us Listener Survey See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  5. Sep 23

    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 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. Sponsors Money for the Rest of Us Retirement Investing Cohort Delete Me – Use code David20 to get 20% off Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Episode slide deck Variance Risk Premia by Peter Carr and Liuren Wu—NYU Cross section of option returns and idiosyncratic stock volatility by Jie Cao and Bing Han—The Journal of Financial Economics The Price of Correlation Risk: Evidence from Equity Options by Joost Driessen, Pascal J. Maenhout, Grigory Vilkov—SSRN Cross-section of option returns and volatility by Amit Goyal and Alessio Saretto—The Journal of Financial Economics The Art of Put Selling: A 10 Year Study by John Marshall, Krag Gregory, Katherine Fogertey—Goldman Sachs Low Stress Bets 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 See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Small Gains, Big Losses: The Hidden Risk in Steady Income

  6. Sep 9

    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 gold will likely continue. Topics covered include: Why the OpenAI agentic AI breach is so disturbingHow do we prepare for cyberattacksWhy gold should be one of the assets we hold apart from the financial systemHow the historical relationship between gold and real interest rates has broken downTo what extent are central banks selling dollars to buy goldHow gold ETF flows influence the gold price Sponsors Get the free guide from NetSuite: Aligning for the Agentic Era: How AI Is Changing Everyday Work Delete Me – Use code David20 to get 20% off Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Episode 564 Slide Deck with Charts Gold's Run Isn't Yet Done - Bhanu Baweja - Financial Times Brief independent investigation of agents’ behavior, reasoning and collaboration in the OpenAI / Hugging Face hacking incident Are Central Banks Moving Out of Dollar Assets? - Linda S. Goldberg, Oliver Hannaoui, and Sneha Parthasarathy - Federal Reserve Bank of New York 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 See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    The Financial System Will Be Hacked and How to Prepare For It

  7. Aug 26

    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 you how to position your investment portfolio to lock in higher yields and protect yourself from falling bond prices. Sponsors Try NetSuite for Free Delete Me – Use code David20 to get 20% off Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Episode 563 Slide Deck 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 Treasury Announces Increased Sizes of Nominal Long-End Liquidity Support Buybacks Beginning September 9 - 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 See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Bond Market Chaos: Why Interest Rates Keep Rising and What to Do About It

  8. Aug 12

    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 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. Sponsors Try NetSuite for Free Delete Me – Use code David20 to get 20% off 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 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 See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    5 Steps to Simplify Your Investment Portfolio
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Hosts & Guests

4.5
out of 5
1,328 Ratings

About

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

Information

  • Creator
    J. David Stein
  • Years Active
    2014 - 2026
  • Episodes
    588
  • Rating
    Clean
  • Copyright
    © All rights reserved
  • Show Website
    Money For the Rest of Us

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