The Financial Philosophers Chris & Danny

Send us a Text Message.Everyone has heard the term "diversification" before. Most people have also been told it is important to be "diversified" in their portfolio. However, most people do not fully understand what diversification means. In today's episode, Chris and Danny have a candid conversation about the diversification puzzle and why it is so challenging. They discuss the nuances of diversification, as well as why some people may be for or against it. While today's episode won't solve t...

Send us a Text Message.Many people are interested in learning more about how dividends might complement their portfolio. However, did you know there is a difference between ordinary dividends and qualified dividends? In today's episode, Chris and Danny have a nerdy deep dive conversation about qualified dividends. How are qualified dividends taxed, and what advantages do they offer? How might dividends fit in one's overall diversified portfolio? What are some of the pros and cons to be aware ...

Send us a Text Message.In today's episode Chris and Danny discuss a motivating thought experiment about paying off debt. Many people are motivated by the idea of saving up enough money to provide passive income to support their living needs. A similar motivating idea can be explored with paying off debt. The less debt one has, the less income they actually need to support their needs. Putting this concept into numbers can be a powerful tool that may further inspire you to take steps towards f...

Send us a Text Message.In today's episode, Chris and Danny continue their conversation about investment returns. Topics covered include simple interest vs. compound interest, how not all interest compounds the same, APR vs. APY, and common misconceptions people have regarding fixed returns found in cash-like instruments (e.g., savings accounts, CDs, money market funds, etc.) and fixed income assets (e.g., individual bonds, bond funds, etc.). This episode is a good way to further round o...

Send us a Text Message.In today's episode, Chris and Danny have a casual conversation about what investment returns actually mean. Many people get hyper fixated on their investment returns, but don't actually understand the full picture. Do you know the difference between time-weighted and dollar-weighted returns? Did you know that using terms like "I made money" or "I lost money" in the context of investing may actually be misleading and harmful? This episode is a good starting point to get ...

Send us a Text Message.In today's episode Chris and Danny have a discussion with Anson Young from The Property Squad podcast. Anson is a real estate investor, real estate agent, and author. You can also find Anson's content on BiggerPockets. Our discussion with Anson covers the pros and cons of house hacking and real estate investing. Have you ever wondered about creating additional cash flow through house hacking? Are you curious about the risks and rewards with real estate investing? Tune i...