In this bonus episode, David visits with Bill Yount and Becky Heptig of the Catching Up to Fi podcast in a wide-ranging discussion on investing using a systematic checklist approach. Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code LinkedIn Jobs – Use this link to post your job for free on LinkedIn Jobs Money Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation.&nb...
Nov 22, 2023•1 hr 19 min•Ep 456•Transcript available on Metacast What are the economic and cultural benefits of tourism. What are the downsides to too much tourism. How to find the right balance. Topics covered include: How short-term rentals have changed tourism How cities grapple with too many short-term rentals What is the outlook for short-term rentals How much does tourism contribute to economic output How can tourism be harmful and helpful The example of Cuba Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Co...
Nov 15, 2023•26 min•Ep 456•Transcript available on Metacast What are the pros and cons of partially funding retirement expenses with an inflation-indexed bond ladder versus an immediate annuity? There is a big downside to TIPS ladders that many investors don't realize. Topics covered include: Why the stock market is more risky than many people realize Is it too late to invest in TIPS as one advisor suggests How TIPS and TIPS ladders work How immediate annuities work The pros and cons of a TIPS ladder versus an immediate annuity Sponsors NetSuite – Get yo...
Nov 08, 2023•28 min•Ep 455•Transcript available on Metacast We discuss ten rules of thumb for individual investors to consider when saving and investing for and in retirement. Don't use institutional hand-me-downs Stay close to home base Beware of dragon risk Mind your investment seasons Catch the popping corn Watch for market swarms Track the economic winds Follow the traffic lights Diversify your baskets Don't burn your ships Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code Monarch Money – Get an extende...
Nov 01, 2023•29 min•Ep 454•Transcript available on Metacast Interest rates have been sliding for seven centuries. Dive into the historical forces driving this trend and examine whether the recent interest rate spike is just a blip on the radar. Topics covered include: How the supply of savings and the demand to borrow impact interest rates Why have interest rates been falling for over 700 years, and what might have changed recently to propel rates higher How lower rates have helped households increase their net worth and reduce their financial vulnerabil...
Oct 25, 2023•25 min•Ep 453•Transcript available on Metacast Why investing in non-investment grade bonds, leveraged loans, and preferred stocks is potentially more compelling than investing in common stocks at present. Topics covered include: Why Howard Marks told institutional clients to sell stocks and buy high-yield bonds instead The contractual agreements comprising bonds, leveraged loans, and preferred stock give them an advantage relative to common stocks How preferred equity exhibits attributes of both bonds and common stocks What is the expected r...
Oct 18, 2023•30 min•Ep 452•Transcript available on Metacast Our allocation to risky assets should vary based on the expected return, volatility, risk aversion, and how much we can earn risk-free. That means we should be taking less risk right now. Listen to learn why. Topics covered include: Why there are so few billionaires Why the hedge fund Long Term Capital Management imploded Why how much to invest is more important than where to invest How the Merton share formula can assist with determining what percent of our wealth to invest in risky assets Why ...
Oct 11, 2023•28 min•Ep 451•Transcript available on Metacast We explore six impacts of higher interest rates on housing, capital projects, stock buybacks, excess returns for stocks, bonds, and other asset classes, and individual opportunity costs. Topics covered include: Where current interest rates stand Central banker predictions for how long cash yields will stay this high Why housing is the least affordable since the early 1980s Why new apartment building construction has collapsed What has been the excess return for stocks, bonds, and other asset cla...
Oct 04, 2023•29 min•Ep 450•Transcript available on Metacast What are the economic and financial system early warning signs that we should heed rather than get caught up in fearmongering? When should we start to worry about ballooning budget deficits, the national debt, a currency collapse, or the stock market? Topics covered include: Signals to monitor to see if things are falling apart How much government debt is too much and why interest rates are key Why central banks don't control the stock market Why the dollar remains dominant, and what has to chan...
Sep 27, 2023•27 min•Ep 449•Transcript available on Metacast Why you might want to lock in higher yields now, given real interest rates are the highest they have been in 15 years. Topics covered include: What was covered this year at the Federal Reserve Jackson Hole Symposium What are the primary policy actions central banks take, and how do they influence interest rates What is the neutral real rate of interest, and why is it important Why new ideas are central to an increasing standard of living What would drive interest rates higher or lower from curre...
Sep 20, 2023•29 min•Ep 448•Transcript available on Metacast David shares how thieves recently tried to smash and grab his luggage from his car while he was still inside it. He then explores property crime trends, whether they are increasing or decreasing, and why. Topic covers include: How thieves have stolen luggage from the same gas station multiple times per day What have property crime rates been in the U.S. over the past few decades and since the end of the pandemic What are reasons property crime rises and falls What is inventory shrink and how is ...
Sep 13, 2023•25 min•Ep 447•Transcript available on Metacast How to balance saving, investing, and spending for a fulfilling life. Why you will probably reach your peak net worth sooner than you think and should start drawing down your nest egg earlier. Why we can't optimize for a fulfilling life but can still have one. Topics covered include: How to estimate how much to spend from your retirement assets so you die with zero What is time bucketing and why it doesn't work for everyone How to balance the fear of making a change with the fear of missing out ...
Sep 06, 2023•27 min•Ep 446•Transcript available on Metacast Three additional insights to help you confidently invest in fixed income. First, what are the different measures of bond yields, and which is best? Second, how to estimate the return for a bond ETF or fund and how long do you have to own it to achieve that annualized return? Finally, we explore a bond type that yields more than U.S. Treasuries, has never defaulted, and has the implicit guarantee of the U.S. government. See Privacy Policy at https://art19.com/privacy and California Privacy Notice...
Aug 30, 2023•33 min•Ep 445•Transcript available on Metacast How badly has China's stock market performed except for one remarkable decade What are the economic and governance factors that contributed to the underperformance Why it's too soon to write off China despite the structural headwinds What are the factors that contribute to economic growth and a robust stock market, and which emerging market countries display those factors What are some ETFs to invest in countries with favorable economic tailwinds Sponsors Use code MONEY10 to get 10% off on your&...
Aug 23, 2023•29 min•Ep 445•Transcript available on Metacast From raging wildfires to devastating floods, how are these natural events reshaping our financial landscape? What if anything, should we be doing with our investments as a result? Topics covered include: The devastating Maui wildfire: What are the factors that led to one of the deadliest wildfires in US history. Global wildfire trends: Are they really increasing? The data might surprise you. The role of insurance companies: Learn how the giants of the reinsurance world, like Swiss Re and Munich ...
Aug 16, 2023•27 min•Ep 444•Transcript available on Metacast We share five things we have learned about stock index valuations, earnings, currency, and why value investing isn't dead. Topics covered include: How index providers divide the stock universe into large and small, growth and value The difference between the price-to-earnings ratio and earnings yield and which is better How earnings volatility can impact annual earnings growth and what to use to estimate future earnings How value stocks often grow earnings faster than growth stocks How value has...
Aug 09, 2023•30 min•Ep 443•Transcript available on Metacast Given climate change and other risks, how should you invest for the next forty years? Topics covered include: What predictions from the last forty years came true and which didn't Why the next forty years will have a lot of similarities to the last forty years despite the promise of AI Why the scale and complexity of the world make big transitions away from oil, cement, and natural gas unlikely Why economic growth and consumption will likely continue leading to positive investment returns How sh...
Aug 02, 2023•27 min•Ep 442•Transcript available on Metacast In 2005, Congress debated giving U.S. workers private savings accounts to invest their Social Security contributions in the stock and bond markets. Sixteen years later, we review how that would have worked out for workers. Other topics discussed include: How the public and private sectors are both critical for a functioning social security systems Which countries pay the highest social security benefits How have other privatized social security plans worked out around the world How workers prefe...
Jul 26, 2023•29 min•Ep 441•Transcript available on Metacast How to mitigate the risk of investing on crowdfunding platforms where there is little transparency on the underlying financial health of the platform company. Topics covered include: What is the platform economy How blitzscaling and an over-reliance on venture capital funding led to Peer Street's bankruptcy What happens next for investors on Peer Street's platforms How individuals and businesses can mitigate the risk of investing or conducting business on platforms Sponsors Madison Trust Self-Di...
Jul 19, 2023•26 min•Ep 440•Transcript available on Metacast AI models like ChatGPT could lead to massive productivity gains, accelerated economic growth, and higher stock returns. Here's how to invest in AI. Topics covered include: How workers are already using AI models like ChatGPT to boost productivity Why ChatGPT is better at search than Google for certain queries How AI models will change the economic narrative What are ways to invest in AI, including specific ETFs For more information on this episode click here . Sponsors NetSuite – the leadi...
Jul 12, 2023•26 min•Ep 439•Transcript available on Metacast Camden and Bret sit down with Ramit Sethi, host of Netflix’s hit show, “How to Get Rich”, author of the New York Times bestseller, “I Will Teach You To Be Rich” and host of the popular “I Will Teach You To Be Rich” podcast. He is known for his unconventional insights on money psychology and his no-nonsense approach to designing and living a rich life. Ramit’s financial philosophy is centered around several key principles, including the importance of automating your finances, using money ps...
Jun 28, 2023•48 min•Ep 438•Transcript available on Metacast How to create and sustain a life of freedom and happiness you don't want to retire from. Topics covered include: What are the physical and mental aspects of living like you are already retired What is the good life, and what are the basic goods that contribute to it How we handle time is the key to the good life and living like we are already retired For more information on this episode click here . Sponsors Money Pickle – Schedule a free 45-minute video chat with a vetted financial adviso...
Jun 21, 2023•27 min•Ep 437•Transcript available on Metacast We review the performance and investment prospects for carbon, SPACs, silver, convertible bonds, and frontier markets. Topics covered: What has been the performance of these five asset types since they were discussed on the podcast two to three years ago What are the underlying performance drivers and expected returns going forward Which asset types are most and least attractive For more information on this episode click here . Sponsors Masterworks – invest in contemporary art Masterworks ...
Jun 14, 2023•29 min•Ep 436•Transcript available on Metacast How to decide whether to rent a house or apartment or purchase a home or condo. What has been the financial return from owning a house? Topics covered include: How much have home prices increased in major cities since 1980 What drove the greater than 50% jump in home prices in some U.S. cities since 2020 Why there aren't more new starter homes What will it take for the housing shortage to abate so houses can be more affordable Why now could be a more advantageous time to rent versus buy What aca...
Jun 07, 2023•27 min•Ep 435•Transcript available on Metacast Why equity real estate investment trusts should be part of your investment portfolio despite the office sector's struggles. Topics covered include: Why some office REITs are down 30% in 2023, and owners are walking away from buildings How commercial mortgages differ from residential mortgages The broad sector diversification found within equity REIT ETFs What have equity REITs performed long-term and what drove those returns What is a reasonable return expectation for equity REITs Why equity REI...
May 24, 2023•23 min•Ep 434•Transcript available on Metacast What are the grave consequences if the U.S. debt ceiling isn't increased and the government defaults? What would the Federal Reserve and the Executive Branch do to prevent default if Congress doesn't act? Topics covered include: What are the potential impacts of a U.S. default on the stock and bond markets, and the overall economy What causes the U.S. to have a perennial debt ceiling crisis Why it is uncertain when the U.S. government would run out of money to meet its obligations What the Biden...
May 17, 2023•27 min•Ep 433•Transcript available on Metacast Does there need to be a loser for every winner when it comes to investing and economic growth? Topics covered include: What are zero-sum games How trading can be a zero-sum game Why active management and seeking excess returns through security selections or country weights are zero-sum games Why the U.S. stock market has outperformed the rest of the world Why economic growth overall is not a zero-sum game, but some aspects of the economy are zero-sum games For more information on this episode cl...
May 10, 2023•28 min•Ep 432•Transcript available on Metacast Why you should allocate a small percentage of your assets to gold. Topics covered include: What is money, and how does gold fit with that definition Why central banks bought more gold last year than at any time since 1967 Which central banks own the most gold and which are increasing their gold holdings How fast is the gold supply growing compared to the U.S. dollar money supply How financialization, greater leverage, and contagion risk should motivate us to consider gold For more information on...
May 03, 2023•28 min•Ep 431•Transcript available on Metacast How we measure wealth, riches, abundance, and well-being is more important today than ever. Topics covered include: How late 18th century philosophers Adam Smith and the Earl of Lauderdale defined wealth and the role of capital. Why they worried about income inequality and excess profits What led to the dramatic increase in life expectancy and wealth in the 20th and 21st centuries How a long life expectancy and well-being can be attained at much lower levels of wealth Why John Maynard Keynes was...
Apr 26, 2023•28 min•Ep 430•Transcript available on Metacast With a total U.S. inflation rate of 14% in the past two years, we review how various inflation hedges performed over the past twenty-four months. Topics covered include: What were investors' and the Federal Reserve's inflation expectations two years ago What led to the big inflation increase Why was the Federal Reserve forced to raise its policy rate by almost 5% in a year How successful were inflation-index bonds, stocks, commodities, and real estate in beating inflation over the past two years...
Apr 19, 2023•27 min•Ep 429•Transcript available on Metacast 
