300 episodes

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

Money For the Rest of Us J. David Stein

    • Investing

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

    Will Infinite Money Save the Economy

    Will Infinite Money Save the Economy

    What central banks such as the Federal Reserve and federal governments are doing to counteract the negative impact of the pandemic related economic shutdown. What are the risks of this massive monetary and fiscal stimulus and how to mitigate those risks.

    Topics covered include:How central banks have the capacity to create an infinite amount of money.How the Federal Reserve is using its money-printing ability to stabilize the financial system and reduce the negative impact of the pandemic related economic shutdown.What are the mechanics of quantitative easing.What are examples of stimulus programs during the Great Depression that didn't work because they were too focused on social engineering. How massive central bank and government stimulus could lead to inflation or deflation.How inflation-indexed bonds such as Treasury Inflation Protection Securities can help reduce inflation risk, and why owning individual TIPs is particularly attractive right now.Why it's okay for investors with a long time horizon to ride out the current market turmoil without reducing risk.What are current and leading economic indicators suggesting about the severity of the economic shutdown and the potential for recovery.


    Thanks to LinkedIn Learning and Rad Power Bikes for sponsoring the episode.

    For show notes and more information on this episode click here.

    • 25 min
    How To Survive the Coronavirus (Covid-19) Shutdown

    How To Survive the Coronavirus (Covid-19) Shutdown

    How to avoid ruin and help others avoid ruin as the economy shuts down to slow the spread of the coronavirus.

    Topics covered include:What is the precautionary principle and how can it help us make important decisions with regards to the coronavirus pandemic.How many people could be infected with Covid-19 in the next 30 to 60 days at the current daily growth rate.Why investment managers are selling assets to reduce their market exposure.Should individual investors be increasing or reducing their exposure to the stock market in the current market environment.How recent actions by the Federal Reserve suggest they think a U.S. recession is imminent.What can individuals locked down at home do to survive mentally and emotionally.What we can do to help businesses avoid ruin during the pandemic crisis. 


    Thanks to Netsuite and Rad Power Bikes for sponsoring the episode. Text the word RAD to the number 64-000 to get a free accessory with the purchase of a bike.

    For show notes and more information on this episode click here.

    • 25 min
    What Are Closed-End Funds and How Do You Invest in Them?

    What Are Closed-End Funds and How Do You Invest in Them?

    Why closed-end funds are David's favorite investment vehicle, particularly during market panics. What are the unique characteristics of these funds and what are successful strategies for investing them.

    Topics covered include:How closed-end funds differ from open-end mutual funds and ETFs.Why most closed-end funds are bond funds and use leverage.Why closed-end funds can sell at large discounts and premiums.What are managed distribution programs.How to evaluate and select closed-end funds.What is the Income Factory approach to closed-end fund investing.Thanks to LinkedIn and The HPScast for sponsoring the episode.

    For show notes and more information on this episode click here.

    • 26 min
    Market Timing Versus Time in the Market

    Market Timing Versus Time in the Market

    Why most investors practice both market timing and time in the market. Why it is okay to reduce stock exposure given the coronavirus pandemic threat.What would a stock portfolio return that misses the best or worst days and how likely is that.How do rolling 30-year stock returns differ depending on the starting point.Why are stocks likely to outperform bonds over the next 30 years.What is sequence of return risk. What is market timing.Why long-term investors should never move completely out of the stock market, but it is still okay to adjust stock exposure based on market conditions.What are some additional rules of thumb for market timing.How the coronavirus pandemic has increased financial and economic risks and what to do about it.Thanks to Policygenius and Mint Mobile for sponsoring the episode.

    For show notes and more information on this episode click here.

    • 25 min
    Will Early Retirements Crash the Economy

    Will Early Retirements Crash the Economy

    Almost half of Millennials want to retire early. Will that hurt economic growth? There were similar concerns in the 1920s that early retirement would wreck the economy. In fact, there was significant pushback against retiring at all due to fears retirements would destroy the economy. Yet, the Great Depression still came. In this episode, we consider what ended the Roaring Twenties, caused the Great Depression, and how early retirements impact the economy. 

    Topics covered include:What is the paradox of thrift and how does it apply to early retirement.Why the 1920s were called the Roaring Twenties.Why the work culture in the 1920s was for workers to not retire, but "die in the harness."What caused the Great Depression.How economies and job markets adapt over time.How waves of early retirements could change the economy.


    Thanks to LinkedIn Learning and Vistaprint for sponsoring the episode. Use promo code David to get free shipping from Vistaprint.

    For show notes and more information on this episode click here.

    • 23 min
    What Causes Hyperinflation and What To Do To Prepare For It

    What Causes Hyperinflation and What To Do To Prepare For It

    What factors lead to hyperinflation, why it is so devastating, how hyperinflation can be overcome and what can individuals do to be prepared for hyperinflation.

    Topics covered include:What causes inflation and how do central banks manage it.How the causes of hyperinflation differ from more normal levels of inflation.What is the biggest challenge of living in a country with hyperinflation.How Zimbabwe and other countries were able to overcome hyperinflation and how Venezuela is slowly taking steps to combat hyperinflation.Why Zimbabwe is again experiencing high inflation.How individuals can protect against inflation.What individuals can do to prepare for hyperinflation in case it comes.


    Thanks to Netsuite and Policygenius for sponsoring the episode.

    For show notes and more information on this episode click here.

    • 24 min

Customer Reviews

Wanted to like more ,

Money and value

I love this podcast because while it focuses on what we can do and potential outcomes, the focus is much more on *value* than money, the wealth we create in our lives than the wealth we accumulate in our piggy banks. It, of course, talks about how those two things interrelate, and shares knowledge from decades of experience in the financial world. I learn so much about financial outlook, history, and yes, how to keep finances in mind and pursue goals. But at its best, it doesn’t lose sight of the forest for the trees and doesn’t forget that hey, yeah, there are a lot of trees to navigate between and observe in this forest. Thank you!

solbiikiim143 ,

Informative for the EveryMan

Legitimately good podcast with someone who knows what they are talking about. Sound reasoning, level headed advice. He's not afraid to do the research and lay out more than one or two sides of an issue.
Over two hundred episodes and counting, a very comprehensive and thorough course of episodes on the basics of finance. I mean, how much more basic than 'What Is Money' can you get? But mastery of the basic fundamentals is what separates a master from the laymen.
He's not condescending and he gives practical advice- often times from his own experience.
And even when he gets into some complicated topics like illegal immigration and money market trades, he always digs into the point of view of why you should care.
Highly recommend this podcast.

Jianshi Wu ,

20% information, 80% noise.

I’ve been a listen for years and liked the show, but recent episodes have been mostly disappointing. Lots of statistics reading and citing the words of others, there is probably only 5 mins useful in every 30-min-Long episodes.

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