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2 episodes with money for
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Money expert, financial counsellor, and best selling author Jessica Moorhouse joins me today to share her insight on overcoming the hidden barriers that can stand in the way of financial freedom. You'll walk away from this conversation with a better understanding of your personal relationship with money so that you can break down your current money story and rebuild it in a more effective way! We'll talk about: The common emotions and stories that people experience around money How to begin to understand the ‘why' behind your spending choices The connection between your attachment style and how you deal with money How financial health obstacles mirror physical health obstacles Tips to get started on your financial health journey The importance of finding a financial vocabulary that speaks to you Shifting your perspective on discomfort Grab your copy of Jessica's book, Everything but Money For more about Jessica's offerings, visit Jessicamoorhouse.com Are you loving the show? We'd be so grateful if you could share the show with a friend, and leave a rating and a review on Apple Podcasts! Connect with Erin and Raw Beauty Talks: Instagram Website
Romans 13:8-14 "What is Money For? What are Women For? What are You For?"Series: Advent and Christmas 2024 Speaker: Rev. George SinclairMessiah DowntownDate: 1st December 2024Passage: Romans 13:8-14-------------------Romans 13: 8-14 "What is Money For? What are Women For? What are You For?" Advent and Christmas 2024 December 1, 2024-Church of the Messiah is a prayerful, Bible-teaching, evangelical church in Ottawa (ON, Canada) with a heart for the city and the world. Our mission is to make disciples of Jesus, gripped by the gospel, living for God's glory! We are a Bible-believing, gospel-centered church of the English Reformation, part of the Anglican Network in Canada, and the Gospel Coalition.- WAYS TO GIVE: https://www.messiahchurch.ca/donateWeb: https://www.messiahchurch.ca Instagram: https://www.instagram.com/ottawamessiahchurch/?hl=en Facebook: https://www.facebook.com/comottawa/
- Catastrophic flooding - Update from TN and NC - Longshoremen go on STRIKE and supply chains headed for collapse - Israel INVADES Lebanon and pushes for escalated regional war - The US federal government ABANDONS the American people - Intelligence on weapons being smuggled into the USA - Gang violence across America - Interview with Andy Schectman on BRICS, de-dollarization and banking failures - New sermon on gold and silver as "God's Money" For more updates, visit: http://www.brighteon.com/channel/hrreport NaturalNews videos would not be possible without you, as always we remain passionately dedicated to our mission of educating people all over the world on the subject of natural healing remedies and personal liberty (food freedom, medical freedom, the freedom of speech, etc.). Together, we're helping create a better world, with more honest food labeling, reduced chemical contamination, the avoidance of toxic heavy metals and vastly increased scientific transparency. ▶️ Every dollar you spend at the Health Ranger Store goes toward helping us achieve important science and content goals for humanity: https://www.healthrangerstore.com/ ▶️ Sign Up For Our Newsletter: https://www.naturalnews.com/Readerregistration.html ▶️ Brighteon: https://www.brighteon.com/channels/hrreport ▶️ Join Our Social Network: https://brighteon.social/@HealthRanger ▶️ Check In Stock Products at: https://PrepWithMike.com
"Holidays = Stress" has become a part of our language. But why are you stressed around the holidays? Today we unpack 6 very common stressors for parents during the holidays: 1) There's so much to do 2) It's so hard to stay healthy during the holidays 3) I have to "make it magical" 4) My .... is so hard to please. (aka meeting other people's expectations) 5) Sensory overload (aka holiday/pumpkin spice everything!) 6) MONEY For each, we explore a question that just isn't asked enough of parents: What do you want? Little shifts, practices and reframes can completely change the experience that we are having now (and we can use it at other times of the year!). It's truly a gift that only you can give yourself. Check out the one that I discovered during recording and I'm taking it with me this week. If you want to build on, I'm hosting a How to Survive the Holidays series in early December. We will have small group live coaching for you to connect, learn and apply the tools to your unique family and feel better right away. Full show notes available here. YouTube version of Episode #103 here. Calling all Healthcare Professionals: I'm so glad you're here, to benefit yourself, your family, and your patients. The CE experience for this Podcast is powered by CMEfy - click here to reflect and earn credits: https://earnc.me/yrHnup Join Family in Focus coaching now. Current offerings available here. Weight Loss 101 for Your Whole Family: get started helping your whole family with the self-paced mini-course HERE. --------------------- I ask a favor of you: if you liked this episode, please subscribe, rate and review on your favorite podcast service, and share with your friends so they know that there is a different way to stop struggling with worries about weight. It's easy and fun! And when you're ready to start applying this in your own home, check out www.wendyschofermd.com for more information about how the Family in Focus program can help you and your family create lifelong healthy relationships with food and body, now and at every weight. Disclaimer: While Wendy Schofer, MD discusses health and wellness, this is not medical advice and she is not your doctor. Optimal health is achieved in combination with your physician, who collaborates with you for your individual health. Talk to your doctor. And tell them about Family in Focus. Mwah!
"Holidays = Stress" has become a part of our language. But why are you stressed around the holidays? Today we unpack 6 very common stressors for parents during the holidays: 1) There's so much to do 2) It's so hard to stay healthy during the holidays 3) I have to "make it magical" 4) My .... is so hard to please. (aka meeting other people's expectations) 5) Sensory overload (aka holiday/pumpkin spice everything!) 6) MONEY For each, we explore a question that just isn't asked enough of parents: What do you want? Little shifts, practices and reframes can completely change the experience that we are having now (and we can use it at other times of the year!). It's truly a gift that only you can give yourself. Check out the one that I discovered during recording and I'm taking it with me this week. If you want to build on, I'm hosting a How to Survive the Holidays series in early December. We will have small group live coaching for you to connect, learn and apply the tools to your unique family and feel better right away. Full show notes available here. YouTube version of Episode #103 here. Calling all Healthcare Professionals: I'm so glad you're here, to benefit yourself, your family, and your patients. The CE experience for this Podcast is powered by CMEfy - click here to reflect and earn credits: https://earnc.me/yrHnup Join Family in Focus coaching now. Current offerings available here. Weight Loss 101 for Your Whole Family: get started helping your whole family with the self-paced mini-course HERE. --------------------- I ask a favor of you: if you liked this episode, please subscribe, rate and review on your favorite podcast service, and share with your friends so they know that there is a different way to stop struggling with worries about weight. It's easy and fun! And when you're ready to start applying this in your own home, check out www.wendyschofermd.com for more information about how the Family in Focus program can help you and your family create lifelong healthy relationships with food and body, now and at every weight. Disclaimer: While Wendy Schofer, MD discusses health and wellness, this is not medical advice and she is not your doctor. Optimal health is achieved in combination with your physician, who collaborates with you for your individual health. Talk to your doctor. And tell them about Family in Focus. Mwah!
"How to Test Your Next Business Idea so You Don't Waste Your Time and Money"
In this week's edition of 'not your average podcast about podcasts' - Jules and Stocks discuss the latest from podcasting powerhouse Mamamia, Future podcasting forecasts, Podcasts appearing on in-flight channels and Spotify's talk circuit of damage control. Mentioned this week: [00:44] Mamamia Upfront Shows the Econonic Power of Women [08:08] Podcasting: Recent trends and future goals #RDA23 [13:57] Podcasts on Delta Airlines as Tweeted by @AlbanBrooke [19:36] Spotify CFO Touts AI DJ, Podcasting “Evolution”: “We Are Signing Deals Differently Producer Mandy's recommendation: Revisionist History: Doctors, Guns and Money For all things Behind the Podcast follow BTP on Instagram and get in touch with us at behindthepodcast@dm.org.au Produced by DM Podcasts See omnystudio.com/listener for privacy information.
Welcome to the Pursuing Private Practice Podcast! From finding your vision to understanding your "why," we've got valuable insights and takeaways to help you on your business journey. Join Jennifer and fellow CEO Brandy Mabra of Savvy Clover Coaching & Consulting as they explore the foundational principles of business growth, emphasize the importance of clarity, personal values, effective leadership, and what 'success' is on your terms. Join the conversation as they discuss: Finding Clarity and Vision The first step in achieving business growth often involves finding the clarity or vision necessary to embark on this journey. Defining Success Success isn't one-size-fits-all; it's about defining what it means to you personally and professionally. Embracing Your Expertise Pivoting and stepping into your expertise can lead to a more fulfilling and successful path in your business. Leadership Matters The way you lead yourself (not just your team), and how you show up will shape your business culture. Success Isn't Always About the Money For many, success means having the ability to own their days, vision, and mission. Creating a schedule that aligns with your life is invaluable, especially in private practice. Remember, you're never truly "done" as a CEO. By aligning your vision with your values and focusing on what truly matters, you can pave the way for personal and professional success. Brandy Mabra is the CEO of Savvy Clover Coaching & Consulting and a CEO Coach for private practice owners in healthcare. Connect with her on Instagram https://www.instagram.com/savvyclovercoaching/ and https://www.instagram.com/privatepracticeceo/ Connect with Pursuing Private Practice on Instagram It's time to run your business like a CEO (yes, you are a CEO)! We invite you to download a resource that will expand your business beyond 1:1 work. Your Scalable Offer is the first lesson in our business coaching program, EXPAND. You will outline the criteria of a scalable offer, learn the pros and cons of different scalable offers, and design YOUR successful scalable offer based on your strengths to take your business to the next level. Are you ready to transform your business and receive more time, money, and energy? Join us for this game-changing lesson! Download it here.
Clay Finck chats with David Stein about current market conditions, the role of international stocks in a portfolio, whether investors should get exposure to AI stocks or not, if GDP is an outdated metric, the role of alternative assets in a portfolio, and David's guide to living a richer, wiser, and happier life.David Stein is the Host of Money For the Rest of Us, a weekly personal finance podcast with over 20 million downloads. He's also the co-founder of Asset Camp, a fintech platform of dynamic data-driven research tools focused on asset classes.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro.02:10 - Why we should care about current market conditions as long-term investors.09:27 - David's assessment of current market conditions and the Fed's job in managing inflation.13:08 - How long it takes for interest rates to flow through to the broader economy.16:49 - The role international stocks can play in a portfolio.26:47 - If investors should care if the US has the reserve currency or not.33:28 - Ways in which investors can get exposure to AI.38:41 - The potential long-term impacts of AI on our financial system.42:09 - Whether GDP is an outdated and misleading metric or not.46:42 - The role that crowdfunding platforms and alternative assets can play in a portfolio.55:51 - How the venture capital playbook works.58:28 - How David thinks about the expected returns for alternative assets.75:00 - David's thoughts around aligning his finances with living a good life.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Check out our recent episode covering The Passionate Pursuit of Lifelong Learning w/ Gautam Baid or watch the video here.David's investing tool: Asset Camp.David's website: Money for the Rest of Us.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Get farm-fresh, pre-portioned ingredients and seasonal recipes delivered right to your doorstep with America's #1 meal kit, HelloFresh! Use code wsb50 for 50% off plus free shipping.Get your super sorted. Save money by consolidating multiple accounts, check out your investment options to see which is right for you, and see how extra contributions can make a big difference over time.Have the visibility and control you need to make better decisions faster with NetSuite's cloud financial system. Plus, take advantage of their unprecedented financing offer today – defer payments of a full NetSuite implementation. That's no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Reach the world's largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Be confident that you'll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Return to the all-access world of the rich and powerful. Don't miss new episodes of Billions streaming August 4th on the Paramount Plus with Showtime plan.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! 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Welcome to the first episode of season 3! I am going back into the concept of intution and asking you to practice asking your body parts for wisdom, especially when you suspect you might be taking on too much. We may be surprised when we tune into a specific question and ask our heart, head, or gut about a decision? Or maybe we tune into our shoulders instead for a less conventional check in to ask: Where is it I'm overdoing things? What are you carrying right not that feels like too much? Give these a try and let me know what you discover! Resources Mentioned: Harvard Study on Enteric Nervous System Altered Traits book by Daniel Goleman and Richard Davidson Penny Peirce - Author and Guru for Intuition ;-) Podcast episodes mentioned: S2 E60 Somatics of Time, Chronos, Kairos, Solstice, Lunar Consciousness, Neurodiversity, & Shining Our Light with Patrick Geary S2 E42 Sustainable Ambition and Using Curiosity as Our Compass with Kathy Oneto S2 E46 Reclaim Your Peace with Stephanie Lindloff of Our Natural Wisdom S2 E58 Dana Miranda, Creator of Healthy Rich, on Budget Culture, Inclusion in Finance Media and the Somatics of Money *** For more resources, subscribe to my the Somatic Wisdom Substack newsletter, where much of this content can be found in essay form. Support for this podcast comes from readers of Unleash, Unlearn, and Enliven, from clients, and from listeners like you. To support my work, you can purchase the audio version of my book here. To get in contact or look into being a guest, please message me via LinkedIn. *** Music credit: https://www.melodyloops.com/composers/ihsandincer/ Cover art credit: https://www.natalyakolosowsky.com/
What's up, guys? Welcome to another episode of Spilling the Beans. Today I'm sitting down with my buddy Mike Wilkinson, who's a good friend of mine here in Charleston, South Carolina. He has a successful financial business, and what I really love about Mike is his personal financial strategy. He is a phenomenal steward of capital. He's been able to take a W-2 position and increase his earning potential, keeping his expenses low. Mike makes a huge spread every single year, then deploys that into different types of investments. He's created an amazing lifestyle for him and his family. So I'm excited to sit down with him and just kind of extract some of those strategies, what he does, what he focuses on, and how he's been able to become financially free in his early forties. //SAY HI TO MIKE Instagram: @michaelwilky Facebook: https://www.facebook.com/wmwilkinson 0:00 Meet Mike 6:15 Getting Stuff Done From Home 10:17 Where'd You Learn About Personal Finance? 15:47 What's Money For? 24:18 Turning Your House Into An Asset 33:13 Alternative Investments //LINKS TO MY OFFERS Legacy Wealth Academy: https://www.lwacademy.com/ Commercial Empire: http://commercialempire.com/ Legacy Family Mastermind: http://legacyfamilymastermind.com/ Click here to download our FREE multifamily deal calculator: http://legacywealthholdings.ac-page.com/calculator-giveaway //FOLLOW ME ON SOCIAL IG - https://www.instagram.com/timbratz/ TikTok - https://www.tiktok.com/@timbratz Facebook - https://www.facebook.com/tlbratz LinkedIn - https://www.linkedin.com/in/timbratz/ Website: LegacyWealthHoldings.com //ABOUT ME Tim Bratz is the Founder & CEO of Legacy Wealth Holdings, a leading real estate investment company. He focuses on vision-casting, marketing, & supporting his team of “A” players. He has built his company on integrity (doing what he said he was going to do), fairness (doing the right thing), & transparency (honesty is always the best policy). Tim has dedicated his professional life to studying wealth-building & personal finance. Working in real estate, Tim has learned how to create a passive income that allows him to live the lifestyle of his choice. His goal is to educate & empower others to become financially free through entrepreneurship & real estate investments. https://legacywealthholdings.com // WANT A MORE IN-DEPTH LOOK AT REAL ESTATE INVESTING? Check us out! https://linktr.ee/timbratz SUBSCRIBE NOW so you don't miss a single video!
Ken, Iggy, and Michael sample Heaven Hill Quality House, which is a budget-friendly 80-proof offering. Will this bottom-shelf offering from one of the best distilleries on the planet make the cut? #whiskey #bourbon #Heaven Hill Quality House #80 proof #budget-friendly #citrus #JTS Brown #label design #aroma #mixing Heaven Hill Quality House 80 Proof Bourbon Review Rating: 3.5/5 Heaven Hill Quality House 80 Proof Bourbon is a true budget-friendly sipper that won't break the bank, making it a solid choice for those who are just starting their whiskey journey or looking for a casual, everyday pour. During our tasting session, we found some aspects that were worth noting: Appearance: The bourbon boasts a lighter color, which is to be expected given its 80-proof strength. Its label design is eye-catching, featuring subtle sparkles that give it a unique touch on the shelf. Aroma: Heaven Hill Quality House offers an enticing aroma characterized by notes of lemon and citrus. The scent is vibrant and sets the stage for what's to come in the flavor profile. Taste: The flavor profile is where this bourbon truly shines for its price point. While it may not compete with more premium offerings, it does a commendable job. The prominent citrus notes deliver a zesty and refreshing experience. It's not overly complex, but it's straightforward and satisfying. Comparisons: When compared to other budget-friendly bourbons, such as JTS Brown, Heaven Hill Quality House 80 Proof falls just a little short. The 100-proof JTS Brown is favored for its richer flavor and higher alcohol content, which adds depth to the experience. Value for Money: For those on a tight budget, this bourbon is a reasonable choice. At around $12 for a 750ml bottle, it offers good quality without breaking the bank. It's an excellent option for mixing into cocktails or enjoying in casual settings. In conclusion, Heaven Hill Quality House 80 Proof Bourbon is a decent entry-level bourbon for those who appreciate simplicity and affordability. While it might not be the first choice for connoisseurs or enthusiasts seeking complexity, it serves its purpose well as a reliable, everyday sipper. If you come across it, it's worth keeping a bottle on your shelf for those relaxed evenings or for mixing up your favorite whiskey cocktails. So, go ahead, raise your glass, and say, "Cheers, everybody!"
What are the pros and cons of a simple stock and bond portfolio consisting of two funds or ETFs? Given U.S. stocks have significantly outperformed the rest of the world over the past decade, is there even a role for non-U.S. stocks in your investment portfolio?Topics covered include:How have 60/40 and similar portfolios performed over the long-termWhat are the advantages and disadvantages of a 60/40 portfolioWhat is the expected return of a 60/40 portfolio and what should be included?What has contributed to U.S. stocks outperforming non-U.S. stocks over the past decadeWhy have emerging markets stocks done so poorlyWhat has to happen for U.S. stocks to continue to outperform non-U.S. stocksFor more information on this episode click here.SponsorsUse this link to post your job for free on LinkedIn Jobs.Go here to sign up for the free weekly Money For the Rest of Us Insiders Guide email newsletterShow NotesBlackRock vs. Goldman in the Fight Over 60/40 by James Mackintosh—The Wall Street JournalBattered 60-40 portfolios face another challenging year by Adrienne Klasa—Financial TimesThe case for the 60/40 portfolio in equities and bonds by Erin Browne—Financial TimesInvestors wonder if the 60/40 portfolio has a future by Michael Mackenzie—Financial TimesHas the tried and tested 60/40 strategy soured? by Maya Bhandari—Financial TimesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How sophisticated AI apps from OpenAI and other companies create articles, art, and other works that have never existed. How generative AI will impact business owners, employees, students, and financial markets.Topics include:How AI is creating personal finance articles and other creative worksChatGPT's attempt at writing a script for the Money For the Rest of Us podcastHow ChatGPT and other large language models workWhat are the risks and flaws of generative AIHow can we adapt and take advantage of generative AISponsorsMasterworks – invest in contemporary artNetSuite - the leading integrated cloud business software suiteShow NotesWe Are Here To Create: A Conversation with Kai-Fu Lee—EdgeCNET Is Quietly Publishing Entire Articles Generated by AI by Frank Landymore—FuturismCNET Money—CNETShould You Break a CD Early for a Better Rate by AI engine and edited by Jaclyn DeJohn—CNETNerdWallet, Inc. Q3 2022 Earnings Call—NerdWalletOpenAIThe Backstory of ChatGPT Creator OpenAI by Berber Jin and Miles Kruppa—The Wall Street JournalGPT-3.5 + ChatGPT: An illustrated overview by Alan D. Thompson—Life ArchitectAI-generate answers temporarily banned on coding Q&A site Stack Overflow by James Vincent—The VergeAlarmed by A.I. Chatbots, Universities Start Revamping How They Teach by Kalley Huang—The New York TimesA Coming-Out Part for Generative A.I., Silicon Valley's New Craze by Kevin Roose—The New York TimesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
IN THIS EPISODE, YOU'LL LEARN:01:10 - Why we have cycles.02:11 - What the credit cycle is.09:16 - How are cycles interrelated.11:53 - Where we are in the real estate cycle.17:55 - Where we are right now in the cycle.25:35 - How adjusting risk to your portfolio depends on the market cycle.31:02 - Why junk bonds might be a good investment depends on the credit cycle.36:10 - Which questions to ask an asset manager.39:32 - How to evaluate a track record.50:50 - Why assets managers like to talk about their mistakes.1:08:15 - How to think about risk and reward.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESListen to David Stein's podcast, Money For the Rest of Us.Visit David Stein's Website.Visit David Stein's YouTube channel.Listen to our interview with David Stein about Netflix.Listen to our interview with David Stein about Evergrande, Alibaba, and the Collapse.Our interview with Howard Marks about Mastering the Market Cycle. NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSMake backing up and accessing your data astonishingly easy with Backblaze. Sign up for a free trial today.Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.Start your free 14-day trial today and leave your limits behind and discover what you can accomplish with Monday.com.Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax's Gold Investor Kit today - 3 ounces of the world's most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.Take the next step in your working life or get ready for a change, by being a Snooze franchise partner.Build a plan that helps you strengthen your financial security with RBC Wealth Management. RBC capital markets LLC, member NYSE, FINRA, SIPC.Enjoy meals tailored to every dietary preference delivered right to your door. Take advantage of Freshly's End-of-Summer Sale and score a special deal: $125 off your first FIVE orders!Invest in your best rest today with Brooklinen. Get $20 off your order and free shipping on orders of $100+ with code INVESTORS.Start printing everything your small business needs and discover the endless printabilities with VistaPrint.Support your hardworking team in one intuitive platform - an all-in-one payroll, HR, team management tools and more with Gusto and enjoy your first three months free.Enjoy 10% off your first booking in Viator's world of over 300,000 experiences you'll remember. Download the Viator app now and use code VIATOR10.Help empower girls to break free through education, healthcare, child protection, and other wonderful benefits by being a World Vision child sponsor today.See the potential of your business. Find solutions that work for you, that tick bigger boxes and help you grow with Square.Launch your thing into the spotlight and start selling anywhere with Shopify.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.Send, spend, and receive money around the world easily with Wise.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Investing for Beginners Podcast - Your Path to Financial Freedom
Welcome to the Investing for Beginners podcast. In today's show, we chat with David Stein of Money for the Rest of Us podcast, and the book of the same name: David explains Closed-End Funds to us Differences between open and closed-end funds and ETFs The best strategy to invest in closed-end funds Good resources to […] The post David Stein from Money For the Rest of Us Podcast Discusses Closed-End Funds and Commodities appeared first on Investing for Beginners 101.
BRT Rebalance w/ Barry Ritholtz: Best of Investing 2022 - BRT S03 EP29 (128) 7-3-2022 Things We Learned This Week Masters of Business Podcast Qs - Who are your mentors? Philosophy? What books are you reading? Advice to graduates? What do you wish you knew 30 years ago? Three Keys to Being an Investor: Process, Behavior, Humility Recession Signs to look For – States Expanding or Detracting, Sahm Rule on unemployment uptick, Yield Curve – is it inverted? Guest: Barry Ritholtz ABOUT BARRY RITHOLTZ & MASTERS IN BUSINESS Bloomberg Opinion columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Barry Ritholtz has spent his career helping people spot their own investment errors and to learn how to better manage their own financial behaviors. He is the creator of The Big Picture, often ranked as the number one financial blog to follow by The Wall Street Journal, New York Times, and others. Barry is the creator and host of Bloomberg's Masters in Business radio podcast, and a featured columnist at the Washington Post. He is the author of Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy (Wiley, 2009). In addition to serving as Chairman and Chief Investment Officer of Ritholtz Wealth Management, he is also on the advisory boards of Riskalyze, and Peer Street, two leading financial technology startups bringing transparency and analytics to the investment business. Barry has named one of the "15 Most Important Economic Journalists" in the United States, and has been called one of The 25 Most Dangerous People in Financial Media. When not working, he can be found with his wife and their two dogs on the north shore of Long Island. https://www.bloomberg.com/podcasts/series/master-in-business https://ritholtzwealth.com/ NOTES: Masters of Business podcast inspiration – On a plane watching finance news, interview of reclusive Hedge Fund Manager. Who are your mentors? Philosophy? What books are you reading? Advice to graduates? What do you wish you knew 30 years ago? Three key things Process – ability to distinguish between skill and luck. Like in sports at high levels in investment industry – differences are minimal. ARK Cathy Wood in 2020. Behavior – how to manage and stay calm, control limbic system, work through bad market. Humility – acknowledge serendipity and luck in life, could have worked differently. Gates not the first to be offered IBM deal. Other tech entrepreneurs visited Xerox Parq Jobs master of design, even on back of machine where no one looks. Inflation Hawks screaming for 15 years, finally right Three signs of Recession – good indicators: States – amount in expansion or contraction . Number of states growing or declining - % all 50 expanding. Philly Federal – State Coincident Indexes (get ink) hard to have recession when all states doing well. Sahm Rule – unemployment uptick .75 basis points in three month period from prior lows, unemployment mid 2022 is good. FRED – St. Louis Fed monitors indicator (get ink) Yield Curve – is it inverted? How long, how deep, careful for false positive data. Bonds interest rates long term higher than short term bonds, inverted when S/T rates higher than L/T. Six months is forever in economy, recession looks unlikely. 2023 – all bets off. Never know what disruption can occur, like Russia invading Ukraine. Outlook for the Knicks to make the Playoffs? Knicks will be good when they get new ownership who invests in the product. Need good quantitative analysis like how they acquired players in the heyday of the 1990s. Look at the turnaround of the NY Mets with Steve Cohen buying the team recently. Best of Investing 2022 Seg. 2 of BRT S03 EP03 (102) 1-16-2022 – BRT - Retirement & Income Planning from SEP IRA, 401K, to Roth IRA + Tax Brackets to Buckets Retirement & Income Planning Qualified Plans: ie - 401K & Roth IRA SEP IRA for business owners, can defer 25% of income if setup correctly Tax Brackets - tiered system of 10%, then 12%, 22% up to 35% - with more income, pushed into higher bracket and you pay more Tax Buckets (3) - Taxed (W2 income), Tax Deferred (401K, IRA), Tax Free (Roth IRA, Life Insurance) Denver Nowicz, President - Wealth For Life http://wealthforlife.net/ https://twitter.com/denvernowicz Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing'. FULL SHOW: HERE More Info on WFL and Tax Free Matching: HERE Wealth For Life Topic: https://brt-show.libsyn.com/category/Wealth+For+Life Link to Taxes Show on 10/31/2021 w/ Denver: Here https://brt-show.libsyn.com/category/Wealth+For+Life+ Seg. 2 of BRT S03 EP07 (106) 2-13-2022 – The Science of Hitting (TSOH) & Investing w/ Alex Morris FULL SHOW: HERE https://brt-show.libsyn.com/brt-s03-ep07-106-2-13-2022-the-science-of-hitting-tsoh-investing-w-alex-morris The Science of Hitting (TSOH) comes from the Ted Williams baseball book on batting and strike zone observations: ie – he tracked his average in each zone of the batter box, and had a higher average when he swung at pitches in a certain zone TSOH Investment Philosophy is Value Investing, classic Graham / Buffet style – buy high quality co's w/ good mgmt, L/T trends, and a Moat - Buffet quote: Investing is a game with no called strikes…can just wait for your pitch Long Term Investment Horizon – looking 5 to even 10 years out, for earnings and sales growth Key Value Drivers for a stock - Earnings Growth & quality of earnings, Price & Sale increases, ‘volume growth' P/E Type Metrics & GAAP Accounting is helpful but may not be useful with R&D, future sales, and volume growth. Example: Netflix – analyze cash expenditures vs. financials which have improved , what are the L/T – trends Guest: Alex Morris, TSOH Investment Research Blog - https://thescienceofhitting.com/p/my-investment-philosophy LKIN - https://www.linkedin.com/in/alex-morris-cfa-47b87027/ Twitter - https://twitter.com/TSOH_Investing Alex Morris, CFA publishes equities research through the TSOH Investment Research Service on Substack. He has written investment related articles on Gurufocus and worked in the finance industry (RIA's) for the past 10+ years. He is a CFA® charterholder and graduated with my MBA from the University of Florida in April 2015. Prior to starting his TSOH service, he spent ten years as an Equity Analysts at financial firms. Seg. 2 of BRT S03 EP17 (116) 4-24-2022 – Money for the Rest of Us w/ David Stein FULL SHOW: HERE https://brt-show.libsyn.com/brt-s03-ep17-115-4-24-2022-money-for-the-rest-of-us-w-david-stein Investment vs. Speculation vs. Gambling: You must understand the difference and recognize which camp the product you're considering is in The three drivers of asset class performance: These all relate to cash and earnings, cash flow, cash flow growth and change in valuation, and how each impacts the future price of an asset class The Efficient Market Hypothesis vs Adaptive Market Hypothesis: which combines behavioral finance w/ EMH Wayfinding: An alternative to traditional rebalancing of asset allocation - use current market conditions to help evaluate where you should increase / decrease your exposure, depending on how the asset is doing currently Modern Portfolio Theory vs. The Asset Garden Approach when adjusting asset allocation, focused on diversification between return drivers - Like landscaping, there are rules of thumb, but there's freedom to create and build the portfolio. And it's much easier to make changes. Guest: David Stein, Money for the Rest of Us https://www.linkedin.com/in/jdstein/ https://moneyfortherestofus.com/ https://moneyfortherestofus.com/about/ Book: https://moneyfortherestofus.com/how-to-invest-book/ David Stein's Bio: David helps individuals become better and more confident investors through his writing, audio, and video. He hosts the personal finance podcast Money For the Rest of Us. The show reaches more than 40,000 listeners per episode and has over 10 million downloads. The podcast has received mention from The New York Times, Forbes, The Chicago Tribune, and the U.S. News and World Report. David also provides investment insights and model portfolios to 1,000 members of the Money For the Rest of Us Plus community. David Stein author of Money for the Rest of Us 10 Questions to Master Successful Investing Prior to launching the podcast, David was Chief Investment Strategist and Chief Portfolio Strategist at Fund Evaluation Group, LLC, a $33 billion investment advisory firm. Seg. 2 of 4/3/2022 – Options vs Stocks & Trading vs Investing w Tom Sosnoff of tastytrade FULL SHOW: HERE https://brt-show.libsyn.com/brt-s03-ep14-113-4-3-2022-options-vs-stocks-trading-vs-investing-w-tom-sosnoff-of-tastytrade Implied Volatility & Time Decay – options begins with volatility, on a clock so Mechanics (forget mind set) on how to setup a trade is key tastytrade is a media network based on Math (Probability & Statistics - Look at the Math), trading & focus on markets Limited Profitability & Unlimited Risk when you Sell Puts w/ 80% chance of success - Be a Seller of Options – let Market beat you, slight edge Trade Small, Trade Often - Law of Large Numbers w/ 45 DTE Strike Price of 1 SD – Exit or Roll at 21 DTE Options Trading Teaches Life Lessons – Important to: take risks, learn to take risks, make quick decisions, be decisive about those decisions. Guest: Tom Sosnoff of tastytrade https://www.tastytrade.com/ https://twitter.com/tastytrade Tom Sosnoff, founder and co-CEO of tastytrade Tom Sosnoff is an online brokerage innovator and financial educator. Tom is a serial entrepreneur who co-founded thinkorswim in 1999, tastytrade in 2011, tastyworks in 2017, helped to launch the award- winning Luckbox Magazine in 2019, and in 2020 he created the first new futures exchange in 20 years, The Small Exchange. Leveraging over 20 years of experience as a CBOE market maker, Tom is driven by the passion to educate self-directed investors. A true visionary, after his years on the floor he saw the need to build and design superior software platforms and brokerage firms that specialized in complex financial strategies. Seg.2 of BRT S03 EP22 (122) 5-29-2022 – The One Thing w/ Jay Papasan of Keller Williams Realty FULL SHOW: HERE https://brt-show.libsyn.com/brt-s03-ep22-122-5-29-2022-the-one-thing-w-jay-papasan-of-keller-williams-realty The One Thing – Power of Focus, Find your 1 thing - Live Purposefully & be Accountable Dominos - Priority in Latin = First, what is your first Domino? knock it down and all others lined up will fall Time Block - Focus Time the first few hours of each day, 'Battleground' - fight to block out this time Success has a Roadmap – it leaves clues, Modeling & Develop Habits in Life, Bus & Real Estate Investing Productivity Thieves - Learn to Say No, pick tasks carefully, Multitasking is a Waste of Time Guest: Jay Papsan, VP of Keller Williams Realty https://the1thing.com/ https://www.jaypapasan.com/ https://www.linkedin.com/in/jaypapasan/ https://twitter.com/jaypapasan https://kw.com/ Jay Papasan is a bestselling author and serves as vice president and executive editor at Keller Williams Realty Inc, the world's largest real estate company. He is also co-owner and co-founder of several successful businesses, including Keller INK, Keller Capital, and, alongside his wife Wendy, Papasan Properties Group in Austin, Texas. When Jay first moved to Austin, he joined Keller Williams Realty Inc, and soon began working directly with the founder, Gary Keller. In 2003, he co-authored The Millionaire Real Estate Agent alongside Gary Keller and Dave Jenks. Clips from BRT S03 EP11 (110) 3-13-2022 – 401K – Turns Spenders into Savers w/ Jean Smart of Penelope & Ted Benna ‘Father of the 401K' FULL SHOW: HERE https://brt-show.libsyn.com/brt-s03-ep11-110-3-13-2022-401k-turns-spenders-into-savers-w-jean-smart-of-penelope-ted-benna-father-of-the-401k 401K turns Spenders into Savers 401K provides Tax Deferral now, lowers Taxable Income Penelope serves Microbiz, business of 5 – 50 employees who are underserved by major financial institutions Simplify choices, and streamline the 401K process, reduce fees so all size business can participate Ted Benna – Father of the 401K, 401K may not be appropriate to all people or business, choose 401K or IRA based on needs & size of business Guests: Jean Smart, Founder of Penelope https://www.penelope.co/ https://www.linkedin.com/company/penelopeco Jean Smart is the Founder/CEO. She has overseen the building of a cloud based recordkeeping system from scratch and they have begun to take on clients. I have helped them shape what they are offering using what I have learned working with small businesses. Their goal is to help micro female and minority owned businesses pick the right plan - not just a plan. Guests: Ted Benna, Benna 401K http://benna401k.com Ted Benna, Father of the 401K, has worked in pension and retirement benefits industry for 60 years, and literally wrote the book on the 401K. He was a pioneer in the early 80s in designing the early 401K Plans, and then getting them approved by the IRS to be the model still used today. Books: 401K Forty Years Later (2018) – history of the 401K 401K & IRA for Dummies Updated Version (2021) Ted Benna 1st appearance on BRT Podcast in 8/2021 Topic: Ted Benna, the Father of the 401k Covers It All, History, pensions, Fees & More Full Show: HERE ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement More 'Best of Investing': Here Thanks for Listening. Please Subscribe to the BRT Podcast. Business Roundtable with Matt Battaglia The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… BRT Podcast Home Page: https://brt-show.libsyn.com/ ‘Best Of' BRT Podcast: Click Here BRT Podcast on Google: Click Here BRT Podcast on Spotify: Click Here More Info: https://www.economicknight.com/podcast-brt-home/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/ Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
How Your Home Can Become a Portal of Power with Charmaine Mitchell In this episode we talked about: (02:07) Charmaine's Journey Becoming a Feng Shui master specifically for love and Money (09:19) Charmaine's Personal Miracle Moments (15:35) Why is she in Bali? (21:05) Charmaine's Clients Miracle Moments (22:35) Borderline “Clearing is really one of the most powerful things, especially just to have a consistent practice of releasing clutter and creating that space - opens up space for new possibilities, new miracles to come in abundance. -Rae Irelan Connect with Rae: Receive your free gift, the 2021 Integration Journal Prompts! https://www.raeirelan.com/integrate-2021 Join the Queen Freedom FB Community: https://www.facebook.com/groups/291492482050794 Find me on Instagram: www.instagram.com/raeirelan Website: www.raeirelan.com Who is Charmaine Mitchell? She is Feng Shui Coach for Love and Money For the Woman who is ready to receive it ALL Connect with Charmaine: https://linktr.ee/charmainemitchell Find Charmaine on Facebook: https://www.facebook.com/charmaine.mitchell.589 Follow Charmaine on Instagram: https://www.instagram.com/charmainemitchell/
We hear a lot about how your portfolio should have both stocks and bonds — because they typically move opposite to each other. The theory is that when stocks go down, bonds should protect your principal. The problem? Every once in a great while, stocks and bonds both tank. For example, this year, 2022. As of May 10, the S&P 500 is down 16%. At the same time, rising rates have crushed bonds, with some down 20% or more. So, what the heck are you supposed to do when there's nowhere to run, nowhere to hide? Let's find out. Stacy Johnson, financial journalist Miranda Marquit and producer Aaron Freeman to talk about what's going on in the stock and bond markets, what's ahead and what you should be doing. This week's special guest is David Stein, a former institutional fund manager and the author of Money For the Rest of Us. How to invest when the stock market is down. Stacy offers a special look at what to do with your portfolio when things are scary. Hoping to avoid investing in stocks right now? Here are seven ways you can invest without relying on stocks. Do you want to invest in bonds? Check out this comprehensive bond investing guide from our guest David Stein. What about crypto? Sorry, crypto bros. It looks like cryptocurrencies are pretty correlated to the stock market. The Wall Street Journal also has some ideas for investing when stocks and bonds are falling. Meet this week's guest, David Stein. David Stein is the founder of the Money For the Rest of Us investment education platform. Since 2014, he has hosted the Money For the Rest of Us investing podcast and led the Money for the Rest of Us Plus membership community. David's podcast reaches more than 40,000 listeners per episode and has close to 20 million downloads. He is the author of Money for the Rest of Us: 10 Questions to Master Successful Investing, which was published by McGraw-Hill. Previously, David was an institutional investment advisor and asset manager. He was a managing partner at Fund Evaluation Group, LLC, a $19 billion investment advisory firm. At FEG, David served as Chief Investment Strategist and Chief Portfolio Strategist. Retire on your own terms with help from this course. The Only Retirement Guide You'll Ever Need gives you the knowledge you need to retire on your own terms. Sure, you can pay a financial adviser, but this online course gives you total control to create a customized retirement plan around the things that matter to you — without the fees you can expect from financial firms and advisers. You'll get expert, personalized advice. You'll have access to the latest tools. You'll have ongoing support. And when you've completed the course, you'll be ready to approach your retirement with confidence and with peace of mind. It's time to plan the best years of your life. Let's get started. Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories. Become a member: https://www.moneytalksnews.com/members/ See omnystudio.com/listener for privacy information.
Why food costs are soaring and what we can do about it. Why inflation rates could start to drop. Why commodity futures, including agriculture futures, have been lousy inflation hedges, and what has worked better.Topics covered include:Previous investment recommendations by Money For the Rest of Us to combat inflationWhy commodity futures hedge against unexpected inflation but have underperformed inflation over the long-termA recommended ETF for investing in commodity futuresWhat is causing the jump in food prices and fertilizerWhy the risk of food shortages is increasing and what are remedies to solve itWhy agriculture price increases don't always lead to higher food costs at the storeWhy inflation rates could slow in the coming monthsFor more information on this episode click here.Episode SponsorsComposer automated trading platform Policygenius Show NotesUkraine War Threatens to Cause a Global Food Crisis by Jack Nicas—The New York TimesRussia's invasion of Ukraine is causing record-high food prices—The EconomistAs sanctions bite Russia, fertilizer shortage imperils world food supply by Tom Polansek and Ana Mano—ReutersAll That's Stopping a Full-Blown Food Crisis? Rice by Javier Blas—The Washington PostPackaged-food firms are running out of room to raise prices—The EconomistProspective Plantings, March 31, 2022—USDARelated Episodes232: Is It Time To Invest In Commodities?309: Investments to Fight Financial Repression312: What the Federal Reserve's New Policies Mean For Your Finances336: Own What Is Real338: The National Debt, Inflation, and the U.S. Dollar—What Could Go Wrong?342: Is Another Great Inflation Coming?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How different asset classes and investment strategies have performed during periods of unexpectedly high inflation. While trend and momentum strategies have performed the best, what are some of the challenges with implementing those strategies.Topics covered include:What has led to today's high inflation environment and why it is uniqueHow current demographic and technology trends are disinflationaryHow many inflationary regimes have there been in the pastHow stocks, residential housing, commodities, collectibles performed during high inflation environments.How trend following and momentum have been the best performing strategy during high inflation environments.Which trend following and momentum approaches have worked best for individual investors.How managed futures strategies workThanks to OurCrowd and Egnyte for sponsoring the episode. Here is more information on Money For the Rest of Us Plus.For more information on this episode click here.Show NotesUS Budget Deficit Hits $2.77 Trillion in 2021, 2nd Highest by Associated Press—U.S. News & World ReportIndia says nationwide birthrates drop below key ‘replacement rate' by Gerry Shih—The Washington PostThe Best Strategies for Inflationary Times by Henry Neville Et al. Trend Following: Equity and Bond Crisis Alpha by Carl Hamill, Sandy Rattray, and Otto Van HemertAQR hedge fund suffers $10bn in outflows by Laurence Fletcher—Financial TimesIs There a Replication Crisis in Finance? Theis Ingerslev Jensen, Bryan T. Kelly, and Lasse Heje PedersenRelated Episodes266: Using Momentum Investing and Trend Following342: Is Another Great Inflation Coming?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
GROW Greatness Reached over Oppression through Wisdom I gotta get the message through!Here is Hope. God has sent Hope in the Plan to GROW. If it ain't got God then it ain't Right and should be Left.For the Love of Money“For the love of moneyPeople will steal from their motherFor the love of moneyPeople will rob their own brother For the love of moneyPeople can't even walk the streetBecause they never know who in the world they're gonna beatFor that lean, mean, mean greenAlmighty dollar, moneyFor the love of moneyPeople will lie, Lord, they will cheatFor the love of moneyPeople don't care who they hurt or beatFor the love of money…I know money is the root of all evilDo funny things to some peopleGive me a nickel, brother can you spare a dimeMoney can drive some people out of their minds”The Mighty O'Jays. , the Kings who show us Love and not the Love of money, is the way to GROW.People don't let money or the things in this World change you.You can have the money, Bling Bling and Everything; the things of this World but it is not the BreaK Through; God is.Sow Love, not matter what gets in front, the side or behind me, In God I trust, In God I must GROW
On today's show, Stig Brodersen has invited back David Stein. David is a former chief investment strategist for Fund Evaluation Group, a $70 billion investment advisory firm. In this episode, David will break down what is going on in China and whether we as investors should be concerned about a stock market collapse.IN THIS EPISODE, YOU'LL LEARN:(01:07) How are Chinese stocks valued historically?(05:37) How to think about stock market valuations in the US vs. China.(09:04) Why are some investors like Charlie Munger, bull on Chinese equities?.(13:36) Why are some investors bear on Chinese equities?(17:50) What is the true debt situation in China?(24:31) Can Evergrande lead to a stock market collapse? (28:03) What happens to investors' ADRs if they get delisted in the US? (33:03 ) What is happening in the tech sector from an investing and regulatory perspective? (37:11) What is the intention behind common prosperity? (44:23) What are the known knowns and known unknowns when investing in China? (48:03) What are the implications of the new Chinese currency? (53:20) How to position yourself when investing in China.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Listen to David Stein's podcast, Money For the Rest of Us.Visit David Stein's Website.Visit David Stein's YouTube channel.Preston, Trey & Stig's tool for picking stock winners and managing our portfolios: TIP Finance Tool.Read the 9 Key Steps to Effective Personal Financial Management.Updating your wardrobe with Mizzen+Main. Use promo code WSB to receive $35 off any order of $125 or more.Have high-quality, sustainably sourced Wild-Caught Seafood delivered right to your door with Wild Alaskan Company. Order today and get $15 off your 1st box of premium seafood.Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.Get help writing your emails, reports, presentations, resumes, blogs today with WordTune.Communicate your ideas in the best way possible with Canva.Join OurCrowd and get to invest in medical technology, breakthroughs in ag-tech and food production, solutions in the multi-billion dollar robotic industry, and so much more.Start feeling better with a single message. Match with a licensed therapist with Talkspace and get $100 off your first month with the promo code WSB.Connect with other users - friends, other members, and notable investors with Public.com. Use code BILLIONAIRES and get up to $50 in free stock to get started in growing your portfolio. Valid for U.S. residents 18+. Subject to account approval. See Public.com/disclosures. Not investment advice.Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today.Browse through all our episodes (complete with transcripts) here.Support our free podcast by supporting our sponsors.HELP US OUT!What do you love about our podcast? Here's our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The risks and opportunities of investing in startups on equity crowdfunding platforms.Topics covered include:Why do individual investors now have more access to startup investmentsWhat has been the historical performance of venture capital fundsHow most startups fail, leaving only a few startups to offset portfolio lossesWhat factors to consider when deciding on which startups to investWhy do startups have so many different share classesWhat platforms are available for individuals to invest in startupsWhy indexing by investing in every credible startup deal can lead to better performance than hand-selecting a few startupsBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month. Subscribe here.Thanks to Streak and Masterworks for sponsoring the episode.Show NotesSquaring Venture Capital Valuations with Reality by Will Gornall and Ilya A. StrebulaevHow Do Venture Capitalists Make Decisions? by Paul A. Gompers, Will Gornall, Steven N. Kaplan, and Ilya A. StrebulaevWhat Are SPACs and Should You Invest in Them?—Money For the Rest of UsFirst Quarter 2021 Private Capital Quarterly Review—Fund Evaluation GroupFourth Quarter 2020 Private Capital Quarterly Review—Fund Evaluation GroupThe Pervasive, Head-Scratching, Risk-Exploding Problem With Venture Capital by Kamal Hassan, Monisha Varadan, and Claudia ZeisbergerVenture Outcomes are Even More Skewed Than You Think by Seth Levine—VC AdventureVenture Returns With Abe Othman of AngelList by Collin West—Kauffman FellowsPaul KedroskySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this episode, Tim and Lisa discuss diversity of investments. Every investor needs to determine what kind of diversity they want and feel comfortable with. Some investors are content to invest only in the stock market, or only in real estates. And of course, there are a million combinations of investments that can work.Tim and Lisa share their personal approaches to diversity both in their real estate portfolios and in their overall financial portfolios.Some additional links that may be of interest to you:Money For the Rest of Us Podcast by David SteinThe Millionaire Real Estate Investor (book) by Gary KellerRich Dad Poor Dad (book) by Robert KiyosakiMasterworks (Invest in Fine Art)Set for Life (book) by Scott TrenchThe Psychology of Money (book) by Morgan Housel
Offering a membership site can be a profitable decision, but the benefits of this model are entwined with its unique challenges. How should we go about deciding whether a membership site is suitable for our business and navigate the teething troubles of adopting this model? In this episode, Sarah Li Cain speaks with David Stein, the founder of Money For the Rest of Us, about the intricacies of operating a membership site and the steps he took to set his membership site up for success. Episode highlights How David came up with his pricing model How David marketed his membership site The systems David set in place to operate his membership site smoothly How David converts podcast listeners to membership and forum subscribers How David responds to the biggest challenges in operating a membership site For more information, visit the show notes at https://plutusfoundation.org/2021/paid-subscribers-membership
How convertible bonds work, why they gained 50% in 2020 and outperformed stocks over the past five years. Why Vanguard shut down their convertible bond mutual funds.Topics discussed include:How big is the convertible bond marketWhy companies issue convertible bondsHow convertible bonds work and how to analyze themWhy convertible bonds have performed so wellWhat is a reasonable expected return for convertible bonds and what are the risksWhat are ways to invest in convertible bondsThanks to Netsuite for sponsoring the episode. Take the Money For the Rest of Us listener survey.Show NotesA Plunge and a Recovery Drives a Top-Performing Year in Convertibles by Andrew Bary—Barron'sConvertible Bond Indices: An Overview by SPDR EMEA ETF Strategy Team—State Street Global AdvisorsCONVERTIBLE SECURITIES: Structures, Valuation, Market Environment, and Asset Allocation by John P. Calamos, Sr with contributions from Eli Pars—Calamos InvestmentsTesla, Inc. 2.00% Convertible Senior Notes due 2024 (the “Convertible Notes Offering”) Issuer Free Writing Prospectus—U.S. Securities and Exchange CommissionRisk and Return in Convertible Arbitrage: Evidence from the Convertible Bond Market by Vikas Agarwal, William Fung, Yee Cheng Loon, and Narayan Y. NaikThe Fluctuating Maturities of Convertible Bonds by Patrick Verwijmeren, and Antti YangConvertible Bond Arbitrage by George Long—Eureka HedgeFor more information on this episode click here.Please go here to take the Money For the Rest of Us listener survey and enter to win a copy of my book Money for the Rest of Us – 10 Questions to Master Successful InvestingAlso, go here to learn more about Money For the Rest of Us Plus membership.
David Stein is the founder of the Money For the Rest of Us. Since 2014, he has hosted the Money For the Rest of Us investing podcast. He also oversees Money for the Rest of Us Plus, the premier investment education platform that provides professional-grade portfolio tools and training to help investors manage their investment portfolios. He is also the author of Money for the Rest of Us: 10 Questions to Master Successful Investing. Previously, David was an institutional investment advisor and asset manager.In this episode, Tyler and David's discussion focused on investment philosophy, strategy and REITs. They discussed David's long-term investment philosophy, investment strategy, return drivers, the mindset of the most successful investors, the two types of REITs and the disconnect in cap rates in the private real estate market versus the REIT market.Other topics included cryptocurrencies, the future of the dollar and why it won't be replaced, the emotional transition of leaving a job, applying feedback, a multidisciplinary learning approach and more!Connect with David:moneyfortherestofus.comThe following books were mentioned in the show:The Money for the Rest of Us, by David SteinSoloing, by Harriet RubinUnknown Craftsmen, by Soetsu YanagiApply for coaching with Tyler! The world's top performers in any field have a coach to help them achieve drastically greater results and in less time. The most successful real estate investors are no different. To apply for a results coaching session with Tyler, visit coachwithtyler.com.This episode of Elevate is brought to you by CF Capital LLC, a national real estate investment firm that focuses on acquiring and operating multifamily assets that provide stable cash flow, capital appreciation, and a margin of safety. CF Capital leverages its expertise in acquisitions and management to provide investors with superior risk-adjusted returns while placing a premium on preserving capital. Learn more at cfcapllc.com.
A review of how the pandemic, financial markets, and government policy evolved in 2020 to make for an unforgettable year.Topics covered include:Why the Covid-19 pandemic ranks as the second worst in modern historyWhat is the difference between risk and uncertainty and how our investing should be different when dealing with uncertaintyWhat portfolio changes did David make in 2020 and how should he have invested if he had perfect foresightWhy speculative assets such as gold and cryptocurrencies have performed so well in 2020Why high savings rate and pent up demand provides a tailwind for the economyHow to invest and live when the future is unknowableThanks to Policygenius and LinkedIn for sponsoring the episode.Show Notes286: Coronavirus and the Financial Impact of Pandemics291: How To Survive the Coronavirus (COVID-19) ShutdownMadame Vivelda—Saturday Night LiveWhat Is Risk vs Uncertainty?—Money For the Rest of Us Guide299: Has the Pandemic Changed You?Personal Saving Rate—Federal Reserve Bank of St. Louis302: Investing is Not Knowing310: Why the Stock Market and Economy Are Rebounding So QuicklyHow 700 Epidemiologists Are Living Now, and What They Think Is Next by Margot Sanger-Katz, Claire Cain Miller, and Quoctrung Bui—The New York TimesPaul McCartney Is Still Trying to Figure Out Love by David Marchese—New York Times MagazineFor more information on this episode click here.Please go here to take the Money For the Rest of Us listener survey and enter to win a copy of my book Money for the Rest of Us – 10 Questions to Master Successful InvestingAlso, go here to learn more about Money For the Rest of Us Plus membership.
How the drive for efficiency leads to greater wealth concentration and threatens capitalism. What can be done about it.Topics covered include:Why income growth has slowed for the middle classWhy the economy now follows a power-law distribution rather than a normal distribution, leading to skewed outcomesWhy the economy is a complex adaptive system rather than a machineHow the type of job you have and the company you work for affects your incomeWhy greater efficiency increases the risk of catastrophic collapsesWhat are ways to balance efficiency with resiliencyFor show notes and more information on this episode click here.Please go here take the Money For the Rest of Us listener survey and enter to win a copy of my book Money for the Rest of Us – 10 Questions to Master Successful InvestingAlso, go here to learn more about Money For the Rest of Us Plus membership.
This episode is an interview that Fund Evaluation Group LLC held with David as part of their FEG Insight Bridge podcast series.Topics covered include:What David did and learned at FEGWhat goes into making the Money For the Rest of Us podcastCentral banking and the Federal ReserveInvesting in gold and cryptocurrenciesCurrent investment conditionsFavorite investing books
Today I'm speaking with David Stein about a few of the most important questions to ask yourself when it comes to mastering successful investing. David Stein is the founder of the Money For the Rest of Us investment education platform. Since 2014, he has produced and hosted the Money For the Rest of Us investing podcast and led the Money for the Rest of Us Plus membership community. David's podcast reaches over 40,000 listeners per episode and has over 14 million downloads. He is the author of Money for the Rest of Us: 10 Questions to Master Successful Investing, which was published by McGraw-Hill.
David Stein shares his expertise as a money manager to help us make better investment decisions based on timeless principles. Take away: David shares a principled based way to invest. Action step: Try something new! Money Learnings: David bought a course at age 11 to learn how to make money. He had to learn about money on his own. He read many self-development books at a kid. He teaches his kids that money flows. Bio: David Stein helps individuals become more confident investors via audio, video, and books. For the past five years, he has hosted the weekly personal finance podcast Money For the Rest of Us. The show has more than 250 episodes and over 12 million downloads. David is the author of Money For the Rest of Us: 10 Questions to Master Successful Investing. Previously, David was Chief Investment Strategist and Chief Portfolio Strategist at Fund Evaluation Group, LLC, a $70 billion institutional investment advisory firm, where he co-headed the 21-person research group. Highlights from this episode: Episode page Time versus Money David was a finance major and he learned to like it. He retires from a finance career in his mid-forties. Settled work. Do what you enjoy! Learn how to help people. The book - Money for the Rest of Us. Understand the principles of investing. Bad outcomes are sometimes the result of good decisions. Return drivers: Cash flow, cash flow growth, how do investors value that cash flow. David focuses on assets classes versus individual stocks. Investing / Speculation / Gambling The inherent value of bitcoin. Future predictions of stock and bond returns. Create the work you love to do. You can find David at: https://moneyfortherestofus.com/ Richer Soul Life Beyond Money. You got rich, now what? Let’s talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let’s figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It’s about personal freedom! Thanks for listening! Show Sponsor: http://profitcomesfirst.com/ Schedule your free no obligation call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes https://www.facebook.com/richersoul http://richersoul.com/ rocky@richersoul.com If you like the show please leave a review on iTunes: http://bit.do/richersoul Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.
David Stein was Chief Investment Strategist and Chief Portfolio Strategist at Fund Evaluation Group, LLC, a $70 billion investment advisory firm, where he co-headed the 21-person research group. He hosts the "Money For the Rest of Us" podcast with over 12 million downloads, the podcast reaches 45,000 listeners per episode and has been featured in Business Insider, Forbes, Inc., The New York Times, The Chicago Tribune, The Motley Fool, and U.S. News & World Report. His book "Money for the Rest of Us – 10 Questions to Master Successful Investing" was published by McGraw-Hill and is available in hardcover and e-book formats as well as an audiobook. Brought to you by Haberland Group (HaberlandGroup.com) and Hardy Haberland's Programs (HardyHaberland.com). This podcast is brought to you by Haberland Group. Haberland Group is a global provider of marketing solutions. With multidisciplinary teams in major world markets, our holding companies specialize in advertising, branding, communications planning, digital marketing, media, podcasting, public relations, as well as specialty marketing. If you are looking for a world-class partner to work on marketing programs, go to HaberlandGroup.com and contact us. This podcast is also brought to you by Hardy Haberland's Programs. Hardy provides educational programs for high performers who want world-class achievement, true fulfillment, and lasting transformation in their lives. He also provides consulting for established brands and businesses that have generated a minimum of $3 million in annual sales. If you need a catalyst for transformation and a strategist for success at the highest level, go to HardyHaberland.com and apply. If you enjoyed this episode, please consider to rate, review, and subscribe on Apple Podcasts/iTunes. It takes less than 60 seconds and it really makes a difference. Rate, review, and subscribe at HardyHaberland.com/iTunes.
David Stein was Chief Investment Strategist and Chief Portfolio Strategist at Fund Evaluation Group, LLC, a $70 billion investment advisory firm, where he co-headed the 21-person research group. He hosts the "Money For the Rest of Us" podcast with over 12 million downloads, the podcast reaches 45,000 listeners per episode and has been featured in Business Insider, Forbes, Inc., The New York Times, The Chicago Tribune, The Motley Fool, and U.S. News & World Report. His book "Money for the Rest of Us – 10 Questions to Master Successful Investing" was published by McGraw-Hill and is available in hardcover and e-book formats as well as an audiobook. If you enjoyed this episode, please consider to rate, review, and subscribe on Apple Podcasts/iTunes. It takes less than 60 seconds and it really makes a difference. Rate, review, and subscribe at HardyHaberland.com/iTunes.
David Stein is the host of the Money For the Rest of Us podcast and the author of Money for the Rest of Us: 10 Questions to Master Successful Investing. David was an institutional investment advisor who managed money for endowments, foundations, and financial planners. Eventually, he knew that he wanted to branch out on his own, and he started Money For the Rest of Us. According to David, his new book distills the financial information that he has been talking about for the last 20 years. He breaks the chapters down into 10 questions that we can ask to build a framework for investing. He says that we don’t have to be experts to invest, but having a plan and a framework to work through can help us ask the right questions to discover which investments are right for us. He says that portfolios don’t have to be complicated and can be as simple as two or three funds. In this episode, David walks us through his 10 questions and shares insight and wisdom from his financial experience. He shares the difference between optimzing and diversify and why you can think of your portfolio as a flower garden with a diverse range of plants. He also gives his advice for people who are just starting out with investing and saving. Highlights from This Episode [00:44] David was an institutional investment advisor for about 17 years. He managed money for endowments, foundations, and financial planners. [01:02] When he was in his mid-forties, he realized he wanted to do something else. [01:16] He now works for himself and runs the Money for the Rest of Us Podcast where he teaches people about investing and how money works. [01:58] David Stein is the author of the book Money for the Rest of Us: 10 Questions to Master Successful Investing where he has distilled everything he has been talking about for the last 20 years. [02:40] His book is geared towards individual investors to give them a sense of confidence. [03:13] David wants to help individual investors find a way to analyze all of their options. This book will help them decide how to make decisions around investing and what to invest in. [04:08] The book does include some tactics but those are to reinforce the strategic plan. [04:35] The book is structured with each chapter having a question to ask ourselves before we invest. Together these questions form an investment discipline. [05:45] Question 1 begins with what is it. If we can explain what we're investing in then it may not be the best option. [07:22] Question two asks whether it's investing, speculation, or gambling. Is there an income component? Will the return be positive or negative? Gambling has a negative expected return. We do it for entertainment value. [09:24] We should be spending money on things that help us figure out our purpose in life. When people leave the military they are often not sure what to do next. [11:18] Be aware of the return on your investment whether it's college or another investment. [12:54] The next two questions are what is the upside and the downside. Investments can be broken down into cash flow, how the cash flow is growing, and what are investors paying for that cash flow stream. [14:35] The downside is the maximum potential lost that could happen and what the impact of that would be. [15:30] Understanding how to measure risk helps us to make allocation decisions. [17:18] We've been in a 10-year bull market with stocks. Don't assume recent events are going to continue. [19:33] The next question is who's on the other side of the trade. Knowing who's selling something and why can be valuable information, because you'll know how motivated they are. [22:46] Trading is a zero-sum game and there's a loser for every winner. When you trade Forex or options you're competing against institutions. Those institutions know more about trading and the flow of the orders and the drivers of the market. [29:14] Question number seven is what does it take to be successful. In real estate, you need to separate the underlying expenses and cash flow. [31:00] Question eight is think about who's getting a cut of the return. A lot of the return can go to taxes. Recognize taxes and fees. Having to pay taxes does mean you've been a successful investor. [32:22] Question nine is how does it impact your portfolio. This comes down to asset allocation. Think of it as a flower garden that you want to diversify. You don't optimize your garden, you diversify it. [35:33] Question 10 is should you invest. [37:24] Answering these questions will help you form an investing discipline. [37:34] David's book was endorsed by Annie Duke. We shouldn't beat ourselves up for the outcome of our decisions. [38:15] Professionals have a framework or checklist to guide them. [39:45] Thrift Savings Plans have the G fund which is a government bond fund. It has a higher yield than many bond funds. The price won't fall as interest rates rise. [40:42] You could invest in a TSP and then put your taxable money into an ETF or Index Fund. [41:37] Portfolios don't have to be complicated. Investing can be as simple as owning two or three funds. [45:54] Start small with investing and about investing. You'll always be learning more. Set the discipline to start saving. Try to allocate 15 to 20% to savings. Links and Resources Money For the Rest of Us Money for the Rest of Us: 10 Questions to Master Successful Investing David Stein on LinkedIn Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts
In this episode, you'll learn:How to construct the optimal portfolioHow to determine the expected return, upside, and downside of an asset classIf you should ever be 100% invested in stocks?Why you should consider owning more than a dozen asset classes.Ask The Investors: How should I rebalance my portfolio? BOOKS AND RESOURCES MENTIONED IN THIS EPISODEDavid Stein’s book, Money For the Rest of Us – Read reviews of this bookDavid Stein’s Podcast, Money for the Rest of UsSign up to the TIP live event in Los Angeles with Stig and David by emailing stig@theinvestorspodcast.comJoin the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting Download your free audio book at Audible.Find the best job candidate at Ziprecruiter.Increase the efficiency of your web team with Pantheon.Be prepared for the unexpected with AirMedCare Network.Move your business to the cloud with Netsuite.Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
Why some analysts believe the Consumer Price Index formula understates inflation while others believe the CPI formula overstates inflation. What really matters to us individually when it comes to inflation.Topics covered in this episode include:What is inflation and what causes it.How is the Consumer Price Index calculated and how has the CPI formula changed over time.What are examples of different CPI measures.Why do some analysts believe U.S. inflation is higher than what CPI states while others believe inflation is lower than what the Consumer Price Index shows.How inflation calculations impact the measurement of other economic data such as the rate of poverty and the growth in real wages.What are consumer attitudes toward inflation and why do central banks worry about changes in household and business inflation expectations.How individuals can monitor and improve their cost of living.Thanks to Sleep Number and Money For the Rest of Us Plus for sponsoring the episode.For show notes and more information on this episode click here.[0:18] Traditional methods of measuring inflation.[4:00] The CPI has changed from a fixed-basket approach to a consumer-representative approach.[6:39] The controversy concerning the accuracy of CPI measurement.[9:11] Is inflation overstated because of how the CPI-U is calculated?[11:23] Rwanda case study: the connection between inflation and poverty.[15:17] Why governments care so greatly about the public’s view of inflation.[17:31] How inflation expectations are measured.[18:52] How do we calculate the desired standard of living?[20:41] The CPI isn’t an accurate depiction of the standard of living.[24:20] Are you satisfied with how you spend your money?
David Stein helps individuals to become more confident investors via audio, video, and books. For the past five years, he has hosted the weekly personal finance podcast, Money For the Rest of Us. The show has more than 250 episodes and more than 10 million downloads. David’s upcoming book, Money For the Rest of Us: 10 Questions to Master Successful Investing, will be published by McGraw-Hill in October 2019. Previously, David was chief investment strategist and chief portfolio strategist at Fund Evaluation Group a US$70 billion institutional investment advisory firm, where he co-headed the 21-person research group. David’s former institutional clients include The Texas A&M University System, the University of Puget Sound, and the Sierra Club Foundation. He lives in Phoenix and Idaho. “And so I started trading and quickly found that it’s not that easy.” David Stein Support our sponsor Today’s episode is sponsored by the Women Building Wealth membership group, the complete proven step-by-step course to guide women from novice to competent investor. To learn more, visit: WomenBuildingWealth.net. Worst investment ever David’s worst investment occurred during the transition period after he had quit the investment business and was trying to decide what he wanted to do in “retirement”. He had set up then shut down a few websites and had reached the point where he thought that even though he had retired, he could be a trader. He was experienced. At his prior firm, he was joint chief of investment researchers and money managers and trading was just part of what he and his team did, which included hedge funds and private equity. As his group’s head strategist, he would go to New York once a year and meet hedge fund managers, because he liked to see what they were thinking, to learn from their successes and mistakes and to see their take on the world. Visit to hedge fund piques interest in trading About a year or before he retired, he went to a commodities trading hedge housed in a Connecticut mansion. He met the founder and went to the trading floor. It grabbed his attention immediately. The floor was separated, with quantitative traders on one side and discretionary traders on the other. He said you could tell where the quants sat and where the discretionary traders say because the latter were messier and their desks less organized, but it looked like a fun and cool place to work. Then once he saw them at their desks trading, David got the idea that trading wasn’t that hard as he had had 15 years of investment experience. Trading turns out to be a lot harder than he had thought So a year after he quit his job, he decided to be a trader in commodity futures, currencies, options just to see how it would go. He knew enough to know that he would not be risking all his money into it, because he had known many people who had suffered huge losses in trading commodities. But he thought with his experience that he knew enough. He had economic models to use, and other investing tools, so he started trading and quite quickly found that it was not nearly as easy as he had suspected it would be. Some of the trades went well, and some didn’t. The problem he found mainly with commodities and foreign exchange (Forex), gold, silver, and other precious metals was the volatility. They trade almost 24 hours a day but it is extremely volatile, and there is no rhyme nor reason for that the volatility. Decides to stop trading but forgets to close one trade So he realized that there were things happening that were not at all like the investing he was used to. He had done fine, if fine is losing a little bit of money, but nevertheless he decided to stop trading. What he forgot was that he still had one trade in silver left open. It was a stop-buy order set up so that when silver fell to a certain price, the system would buy an open contract on silver that would go long on silver. He had neglected to close the position, so the trade went as intended: silver fell to the resistance point and the system trading bought him silver (set up to bet that silver would increase in value), but then silver kept falling. Before he realized what had happened, he had lost around US$25,000 in this particular silver contract. Good decisions are so due to processes not outcomes At this point in his story, David is reminded of Annie Duke, who in her book, Thinking in Bets, makes a distinction between decision outcomes and decision processes. A good decision, certainly a good investment decision, doesn’t happen because it has a good outcome, a good decision is the result of a good process, he related, para-phrasing Duke’s argument. He had not had a good process for buying commodity futures and trading because he didn’t understand what the market was like. He thought he knew enough about investing, how commodities work and economic trends, but he admits that he really didn’t. ‘You must know who’s buying or selling and the volume’ He also recalled a professional trader telling him that no one can successfully invest unless they have “border-flow information”. In other words, that the investor knows who’s buying, who’s selling, and how much they’re buying. Even today, the other thing one must ask when they invest: “Who’s on the other side of the trade?” “Who am I trading with?” Benjamin Graham wrote in his classic, The Intelligent Investor, that he was trading with individuals, and that most individual stocks were held by individuals, and so he could get some type of informational insight. In David’s commodities trading career, he said, he was up against institutions, and mostly quantitative “bots”, algorithms that can act very quickly. Sting comes from the fact he should have known better David also recalls a quote from The Wall Street Journal that if a hedge fund that trades in commodities thinks that their competitive edge is that they have a network of people who know what’s going on in terms of order flow, it’s a bit like saying you can deliver a package faster than Amazon. Like maybe you could at one point, but now you’re competing against robots, which excel extremely well in an environment in which there is no rhyme or reason to why things are moving. That’s what David learned. He came out of trading a little wiser, and kept his remaining $25,000. The sting certainly came from losing the money, but in some ways knowing that he should have known better stung more. “(US$25,000) That’s not a huge loss, but it stung because of how I lost it. Annie Duke in her book, Thinking in Bets, distinguishes … a good investment decision isn’t so because it has a good outcome, a good decision is the result of a good process. And I did not have a good process for buying commodity futures and trading because I didn’t understand what the market was like.” David Stein Some lessons No one should be trading commodity futures or Forex Such instruments are speculative - a speculation is when there is disagreement on whether the return will be positive or negative. Individuals should rather be focused on investing Investing has a positive expected return, with usually some income component or earnings component. The key is to focus on investing. It’s fine to have some diversification and speculative forays for hedging. But if individuals bet their retirement on trading, that’s insane, because it is purely speculative, and that means you have to get everything precisely right to make money. Andrew’s takeaways What do you know that the market doesn’t know? Investors in individual stocks must ask themselves that crucial question. Most of the time, the answer is going to be: “Nothing!” It is insufficient to find a company or idea that you like; what is required is to find a company or an idea that you like that the market has failed to notice. Investing in commodities or Forex is extremely risky Such investing is tantamount to a bet against the balance sheet of the banks, a bet against the whims of politicians, and a bet against a central bank’s balance sheets. These factors are overpowering and can shift the market in a minute, which is frightening. When investing in forex, and something, you are definitely mean it, the Fed decides to do something, is there’s nothing you can do but respond to it. And that response may be that it crushes your portfolio. So is there anything you’d add to my takeaways from that? Actionable advice Don’t be a trader But if you do, start off with a very small amount of money, and be prepared to lose it all, because trading is speculation. Use shadow portfolios, don’t risk real money Make sure you understand how it all works. Remember this too: If a person has or is a successful trader, they will not be teaching in a trading academy … they’ll either be working for hedge funds or they’re already retired and living on the beach somewhere. If someone is teaching other people how to trade, they are making their money teaching other people how to trade, they’re not making their money trading. No. 1 goal for next the 12 months To sell enough books so he gets to write another one He enjoyed the writing process of taking five years of podcast episodes and distilling them into the best 60,000 words. McGraw Hill has given him an advance and he wants to go out to sell enough books that he can earn back his advance and do it again because it was fun to do. Parting words “I just enjoyed being on your show. Thanks for having me.” You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr. Deming’s 14 Points Connect with David Stein LinkedIn Twitter Website Podcast Book Connect with Andrew Stotz astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast Further reading mentioned David Stein (for release in October 2019) Money For the Rest of Us: 10 Questions to Master Successful Investing Benjamin Graham (edited by Jason Zweign, Warren Buffett, 2006, first published 1949) The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) Annie Duke (2018) Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts
Welcome back! Today we interview Sonia from the blog Money For the Modern Girl. We discuss the FI hierarchy of needs, what you need to reach FI in London and how to spread the word of financial education. We also talk about: Debts and mortgages Investing strategies Uk’s ISA tax regime Passive income Being an independent contractor The commute factor
#231 Why different occupations pay differently or even the same occupation in different countries. Why the same occupation can pay differently for different companies that reside in the same city.For show notes and more information on this episode click here.[0:12] A bit of background on today’s question for Money For the Rest of Us[2:28] Why do certain occupations pay more than others?[11:36] Wages vary from county to country - here’s why[20:09] Even jobs in the same city pay different wages, and there’s a good reason behind it[25:52] You can do a few things to protect your own employability with respectable wages
On this week's show, we listen to Chapter 21 of the brand new audio-book rendition of the Henry Ford 1926 classic, “Today and Tomorrow” brought to you by Generosity Press. The post Chapter 21 – What is Money For? first appeared on Paul Akers Website | Lean Books | Lean Culture.
Today's guest, joining us today on the Join Up Dots entrepreneur podcast interview is the host of Money For the Rest of Us, one of the most downloaded podcasts for Investing in the world with over 6 million downloads. As he says “I help investors have enough to retire. Managing your own investments can be isolating at times. No one to talk shop with. Cheer you on. Reaffirm you're doing the right thing. Help you not to overreact to the latest financial headlines. While I've managed billions of dollars professionally for institutional clients and co-led a large investment research team, I don't do that anymore. Now my biggest financial challenge is the same as yours: making sure I have enough money to retire and that those resources last. Here's the thing. We are better investors when we have a sounding board— a community to share what we're thinking, what we're learning, the mistakes we make, and what we're doing with our investments. Money For the Rest of Us is for people like you and me who aren't relying on someone else to make sure we have enough to retire. We've taken control of our financial future. But just because you choose to manage your own investment portfolio doesn't mean you have to do it alone. Let's take this financial journey together.” Prior to launching his podcast, he was Chief Investment Strategist and Chief Portfolio Strategist at Fund Evaluation Group, LLC, a $33 billion investment advisory firm, where he co-headed the 21-person research group. He also co-founded the firm's $2.2 billion asset management division where he developed its investment philosophy and process and was the lead portfolio manager. So is it a risky gaming investing, or one built on sure footing? And has a life of travel become the real wealth from creating his online business? Well let's find out as we bring onto the show to start joining up dots with the one and only David Stein Show Highlights During the entrepreneur podcast show we had deep hitting conversations with David Stein around subjects such as: David shares how it took him a few years to find his place in the online world after leaving his home job, and the steps he took to get there. Why David feels that batching his work is not the fit that suits him, although I think it is amazing and should be done at all costs. And lastly…….. We discuss how any coach that is worth their weight in gold should be more focused on teaching more and more to their clients, in effect teaching themselves in the progress.
#224 How to position your investment portfolio based on market cycles. Investing principles from Howard Marks' new book Mastering the Market Cycle. Thanks to CNote and LinkedIn and for sponsoring today's episode.For show notes and more information on this episode click here.[0:11] Howard Marks’ new book is the inspiration for this episode of Money For the Rest of Us[7:13] The first tool in learning how to invest during a market cycle[11:49] The second tool in learning how to invest during a market cycle[18:00] Successful investing involves a mix of skill and luck[25:30] There’s no way of knowing where the bottom of a market may be[26:30] We are not in a period of extreme risk or opportunity in today’s US economy
#217 Which rebalancing strategy is best or should we even bother rebalancing? Should we just exit stocks completely, especially given how overvalued the U.S. stock market it is? And why do companies split their stocks? In this episode, we answer these and other listener questions. For show notes and more information on this episode click here.[0:30] Why this episode of Money For the Rest of Us is a bit different than previous ones[2:15] Is rebalancing your portfolio really necessary?[12:43] Can you use valuations for timing the market?[23:17] Is it possible to use exiting stocks as a way to increase revenue?[33:39] The idea behind doing investing on a sector neutral basis rather than a capitalization weighted basis.[36:20] What factors do companies consider when doing stock splits?
#212 How a complex global trade system has reduced poverty, raised incomes, increased productivity, and lowered prices while a trade war will reverse those trends. You can find show notes and links here. Thanks to Blooom and Wunder Capital for sponsoring this episode.Episode SummaryPresident Trump recently unveiled new tariffs on trade with China, and many fear this decision could lead to a trade war. This 25% tariff on $34 billion worth of Chinese imports into the U.S. and an additional $216 billion of announced tariffs will change the trade landscape in the coming months. On this episode of Money For the Rest of Us, David explains why trade wars tend to increase the prices of goods and the poverty rate. He discusses the consequences attached to global trade tariff decisions and outlines why healthy global trade is successful in reducing poverty. To hear informed information about the complexities of tariffs and global trade, be sure to give this episode your full attention.Why does the US run such a large trade deficit with China? In 2017, China exported over $500 billion worth of goods to the US. In that same year, the US exported $130 billion to China, resulting in a trade deficit of $375 billion. Why is this figure so high? There are three main reasons why the US has such a large trade deficit with China:China has a lower standard of living and pays workers lower wagesTechnology and the internet has reduced the risk to US businesses when importing from ChinaAt times, the Chinese yuan is too weak relative to the US dollarHealthy global trade reduces poverty - here’s whyCountless economists and writers have examined why healthy global trade reduces poverty. In 1981, the percentage of the world’s population living in extreme poverty was holding at 42%. Since then, the number of people living at that level of income has fallen by 1 billion. And in 2013, the most accurate data puts the world’s population living in extreme poverty was 10%. This figure has fallen so dramatically because of trade, specifically because China has significantly ramped up its manufacturing capabilities and exports, increasing household income through higher wages.From 1820 to 1920, in Great Britain the percentage of the population in extreme poverty fell from 40% down to 10% from the 1820s to 1920s. From 1870 to 1970, Japan did the same - taking their poverty population from 80% down to nearly 0%. China is on course to reduce extreme poverty even faster. To hear more about the relationship between poverty and trade, don’t miss this episode of Money For the Rest of Us.Global tariffs can lead to unintended consequencesTrends show that both the US and China are wealthier because of trade. However, trade wars have the power to reverse those trends and increase the level of global poverty once more. There are 2 types of unintended consequences: those that are positive and natural, and those that are negative and disruptive. Positive consequences include developing powerful and beneficial global relationships between countries producing various goods. However negative consequences could destroy a complicated global supply network that has been slowly built, year by year, into the powerhouse that it is today.Companies and industries are adaptable when tariffs are imposed. However, there’s only so much flexibility a company can handle before having to make sacrifices. Moving production facilities, cutting wages, or increasing prices when faced with steep tariffs. These consequences should never be overlooked when considering new tariff plans and laws.Trade wars aren’t the solution to unfair trade practices - but THIS is Trade wars caused by broad based tariffs are not the solution to unfair trade practices. In order to remain globally competitive and productive, US companies need trade deals that recognize the strength that comes from global operations and supply chains. Trade wars are a complex subject, and this need-to-know info is best understood by listening to this podcast episode. Check it out! Episode Chronology[0:42] The Trump administration's recent tariffs could lead to a trade war, increasing prices and poverty[2:24] Why does the US run such a huge trade deficit with China?[6:47] Historical data on tariff rates across the decades[8:38] Trade reduces poverty - here’s why![11:12] Measuring the wealth of a nation is important in the trade wars discussion[15:51] Reducing trade deficits cannot be solved through trade wars[19:08] There are 2 types of unintended consequences[23:30] Companies will adapt to trade tariffs, no matter the circumstances [28:24] Broad-brush trade barriers don’t work![33:40] So what is the solution to unfair trade practice?
The His & Her Money Show: Managing Money, Marriage, and Everything In Between
On today’s episode of The His & Her Money Show, we’re glad to have onboard, David Stein, an investment adviser, institutional money manager, and the host of Money For the Rest of Us Podcast to help us to understand investing a lot better! David will give great advice and impart his knowledge on how to start investing in stocks, 401(k)s, and more! WHAT YOU WILL LEARN IN THIS EPISODE David’s transition from the top of his financial journey to early retirement. How to start investing in stocks. Why you should consider investing in the stock market. The best investment options in the stock market. The difference between investing and speculating. What is Asset Allocation? The different types of basic assets for investment. Does investing in stock market affect your taxes. RESOURCES MENTIONED IN THIS EPISODE Money For The Rest of Us THANK YOU FOR LISTENING! Today’s show was sponsored by Teach Me How To Budget. If you are ready to gain freedom in your finances once and for all then enroll in our brand new personal finance course Teach Me How To Budget. Thanks for tuning into the His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post. Also, please leave an honest review of the His & Her Money Show on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show and we do read each and every one of them.
#211 Why housing bubbles can last such a long time and what to do if you really want or need to buy a house in a frothy market. More information, including show notes, can be found here.Episode SummaryNavigating a housing bubble is often on everyone’s minds. With changing family needs, balancing multiple incomes, and varying environmental factors, finding a great house is a struggle most families face. On this episode of Money For the Rest of Us, David responds to a listener’s question of how to navigate a housing bubble. He explains the idea of “economic gravity,” outlines factors that are influencing the global housing market, and offers solutions to the housing bubble crisis.A housing bubble cannot break free from economic gravityDavid discusses the idea of “economic gravity” on this episode. Simply, over the long-term housing prices can't be disconnected from the ability of households to service a level of mortgage debt - to successfully make those payments every month. Nobel prize-winning economist Milton Friedman explains, “When (corporate) earnings are exceptionally high, they don’t just keep booming - they can’t break loose from economic gravity.” The same concept applies to home prices. When prices are high, they can boom for an exceptionally long time. But they cannot break free from this underlying economic concept.Factors that are driving up the global housing marketHousing bubbles are being created across the globe because of a few major factors. Low interest rates, offshore demand for domestic property, influxes in immigration, and interest only loans are all contributing factors to the housing bubble discussed in this episode of Money for the Rest of Us. David draws many parallels between the US housing market and those in Australia and Canada.Housing markets don’t always align with growing family needsJoe, the Money For the Rest of Us listener that submitted the question for this episode, is seeking different housing for his family as it grows and shifts. But he’s finding that unfortunately, housing markets don’t always align with growing family needs. Better school districts, larger homes, easier commutes, etc. are all factors that millions of Americans are seeking for their prospective homes. David encourages listeners to consider what type of housing their family can reasonably afford and still maintain the type of lifestyle they desire. You never want to purchase a house that you cannot comfortably afford. To hear more about the housing market in the US today, data on current housing prices across the country, and even more great information, don’t miss this episode.3 ways you can respond to rising house pricesAfter considering all the data related to the housing bubble and overall market in your area, you essentially have 3 options:You can stay putYou can move to a cheaper localeYou can buy, while being patient and prudentIn order to make the most of the housing opportunities for your family, David encourages every listener to consider their personal affordability and examine their ability to handle unforeseen financial stress (loss of a job, medical emergencies, etc.) Navigating a housing bubble is challenging, but this episode of Money For the Rest of Us can help you make sense of all the angles. Be sure to listen.Episode Chronology[1:05] A listener poses a question about how to handle a housing bubble in his area[6:47] Current data on the American and international housing bubbles[10:02] Is the current housing bubble starting to break?[10:57] What factors are driving the home prices in Australia, for example?[12:41] Comparing the Canadian housing bubble to Australia’s[15:45] So what should you do during a housing bubble?[18:09] Housing markets don’t always align with growing family needs[21:36] How to combat the factors driving up housing prices
Jason and David discuss the difference between investing, speculation, gambling and whether you should use Bitcoin in your investment portfolio. David Stein produces and hosts the investing podcast Money For the Rest of Us where he teaches over 30,000 listeners per episode about money, how it works, how to invest it and how to live without worrying about it. David also provides market insights, asset allocation help, and portfolio guidance to over 800 members of Money For the Rest of Us Plus, an investment education platform. Previously, David was Chief Investment Strategist and Chief Portfolio Strategist at Fund Evaluation Group, LLC (“FEG”), a $50 billion institutional investment advisor. At FEG, David was co-head of the firm's 21-person research team that provides institutional research on private equity, real assets, hedge funds, equity, and fixed income, including topical level and manager specific research. He was responsible for FEG's top-down research including macroeconomic analysis, market sentiment research, model portfolios and capital market analysis. David also co-founded FEG's $2 billion asset management division, developed its investment philosophy and process, and acted as lead portfolio manager for over 9 years. David has spoken at numerous investment related conferences including events sponsored by Morningstar, iShares, TD Ameritrade and Fincon.
Faith: Now Faith is the substance of things hoped for, the evidence of things not seen. Church: And he is the head of the body, the church: who is the beginning, the firstborn from the dead; that in all things he might have the preeminence. Jesus told Peter upon this rock I build my church. Not the church of man but the church of God. Money: For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
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