Money For the Rest of Us

How economic wars, pandemics, and worker shortages could lead to years of high structural inflation. What needs to happen to avoid this dire inflation scenario.Topics covered include:What are the three inflation lessons Federal Reserve Chair Jerome Powell sharedWhat is inflation anchoringWhat caused the current period of high inflationHow China and Russia contributed to low inflation and why those trends have reversedHow behavior changes and productivity improvements can contribute to lower inflationHow to invest for an extended period of high inflationFor more information on this episode click here.Thanks to Policygenius for sponsoring the episode.Show NotesMonetary Policy and Price Stability, August 26, 2022, byChair Jerome H. Powell—Board of Governors of the Federal Reserve SystemFed's Kashkari: 'happy' with market reaction to Powell speech by Ann Saphir and Matthew Lewis—ReutersWar and Interest Rates by Zoltan Pozsar—Credit Suisse2nd Quarter Market Commentary, July 2022—Horizon KineticsBP Energy Outlook 2022Investments MentionedInvesco DB Commodity Tracking ETF (DBC)Horizons Kinetics Inflation Beneficiary ETF (INFL)Related Episodes342: Is Another Great Inflation Coming?384: Has a Commodities Bull Market Supercycle Started? If So, How Do You Invest in It?395: How Population Trends Will Impact Growth, Inflation, Investing, and Well BeingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We explore examples of positive and negative unintended consequences, what causes them, and how to navigate a world where unanticipated things happen all of the time.Topics covered include:What leads to unintended consequencesWhat are some unintended consequences of QE and stimulus, price controls, tax incentives, gun legislation, and marijuana legalizationHow positive unintended consequences and order can arise from the bottom upHow recent climate legislation could lead to unintended consequencesWhy customers don't always know what they wantFor more information on this episode click here.Episode SponsorsLinkedIn – Post your job for freeShow NotesLarge rent increases squeeze metro Phoenix tenants by Associated Press—The Journal RecordUnintended Consequences by Karras Lambert and Christopher J. CoyneThe Seen, the Unseen, and the Unrealized: How Regulations Affect Our Everyday Lives by Per L. BylundNorway reconsiders electric car privileges by Chris Randall—electrive.comMore Guns, More Unintended Consequences: The Effects of Right-to-Carry on Criminal Behavior and Policing in Us Cities by John J. Donohue, Samuel Cai, Matthew Bondy, and Philip J. CookMarijuana Legalization and Fertility by Sarah PapichJapan’s latest alcohol advice: please drink more by Leo Lewis and Kana Inagaki—Financial TimesThe Poverty of Historicism by Karl PopperHow the New Climate Bill Would Reduce Emissions by Nadja Popovich and Brad Plumer—The New York TimesDemocrats Designed the Climate Law to Be a Game Changer. Here’s How. by Lisa Friedman—The New York TimesEconomists’ Statement on Carbon Dividends; The Largest Public Statement of Economists in History—Climate Leadership CouncilWhy We Don't Have a Carbon Tax by Paul Krugman—The New York TimesLean Startup and the Business Model: Experimentation Revisited by Teppo Felin, Alfonso Gambardella, Scott Stern, and Todd ZengerRelated Episodes158: How To Invest Like A Cockroach236: How Investors Cope With Radical UncertaintySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We analyze two listeners' portfolios. One who is close to retirement and considering hiring an outside money manager. The second is 45 and just sold a business and is trying to decide whether to fire Schwab's robo-advisor service and manage his portfolio on his own.Topics covered include:What elements are part of a financial planWhat to consider when researching an investment advisorWhat is a core-satellite investment approachWhy Schwab was fined $180 million for misleading its clients about the cash balance in its Intelligent Portfolios serviceHow to decide if an investment advisor is a good fitWhy no portfolio can be on autopilot, but they can be as simple as two ETFsFor more information on this episode click here.SponsorsExpress VPN - get three months free on VPN serviceMasterworks - Invest in contemporary artShow NotesSchwab Subsidiaries Misled Robo-Adviser Clients about Absence of Hidden Fees—SECCease-And-Desist Order Against Charles Schwab & Co, June 13, 2022—SECRelated Episodes92: What Robo-Advisors Recommend248: How to Avoid Investment Fraud303: How To Do Financial PlanningSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This episode edits and remasters two earlier episodes on investing based on cycles to focus on timeless investing principles.Topics covered include:What are different types of cyclesWhy do cycles have subjective start and end dates.Why do coincidences happen so often.How to position investment portfolios based on cycles.How luck and skill play a role in investing.Why it is better to invest based on calibrating risk rather than prediction.For more information on this episode click here.Show NotesWeiss ResearchWeiss Research SEC ActionFoundation For The Study of CyclesFluke: The Math and Myth of Coincidence by Joseph MazurA Spectral Analysis of World GDP Dynamics – Andrey V. Korotayev and Sergey V. TsirelHoward Marks – Yet Gain?Mastering The Market Cycle by Howard MarksRelated Episodes173: Should You Invest Based On Cycles224: Mastering the Market Cycle – Howard MarksSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why it is challenging to distinguish a legitimate multi-level marketing company from a pyramid scheme as hedge fund billionaire Bill Ackman found out in his losing campaign against Herbalife. How Forsage has taken pyramid and Ponzi schemes to a whole new level, and why the regulators can't shut it down.Topics covered include:What are multi-level marketing companies and how most MLM distributors are unsuccessfulWhat is the difference between a pyramid scheme and a Ponzi scheme and what are some examplesHow hedge fund Pershing Square Capital Management took on Herbalife and despite FTC and SEC actions, Herbalife continues to thrive.Why Forsage, a pyramid and Ponzi scheme on the blockchain, continues, despite SEC regulatory actionsWhy Bitcoin isn't a Ponzi schemeFor more information on this episode click here.SponsorsPolicygeniusMoney For the Rest of Us PlusShow NotesHerbalife Settlement With F.T.C. Ends Billionaires’ Battle by Matthew Goldstein and Alexandra Stevenson—The New York TimesMulti-Level Marketing Businesses and Pyramid Schemes—Federal Trade CommissionHerbalife International Settlement ComplaintHerbalife Settles With S.E.C., but Too Late for Hedge Fund Investor by Matthew Goldstein—The New York TimesConsistency is Key! Make Money Podcasting by Elsie Escobar—LibsynNovember Stats From Rob Walch—Podcast Business JournalFederal Trade Commission Returns More Than $149 Million To Consumers Harmed by AdvoCare Pyramid Scheme—Federal Trade CommissionFederal Trade Commission Returns More Than $23 Million To Consumers Deceived by Online Business Coaching Scheme MOBE—Federal Trade CommissionFTC Shuts Down Credit Repair Pyramid Scheme Financial Education Services, Which Bilked More Than $213 Million from Consumers—Federal Trade CommissionInvestor Alert: Ponzi Schemes Using Virtual Currencies—U.S. Securities and Exchange CommissionWhat is Forsage?—Forsage SupportRelated Episodes248: How to Avoid Investment Fraud253: Are IPOs the New Ponzi Scheme?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Discussing how slowing population growth and an eventual peak will impact competition for foreign workers, inflation, and transitioning to a steady-state economy. Exploring the implications of longevity and birthrates on population growth, the need for more immigrants in high-income countries, and the shift towards a focus on well-being over constant growth.

Five ways we can better take and manage risk.Topics covered include:How likely is it that China will invade Taiwan and the stock market will fall 80%Why experts tend to be humble and don't make specific predictionsWhat is the difference between risk and uncertainty, and between loss capacity and loss aversionWhat factors impact our degree of loss aversion and loss toleranceWhy the economy needs more risk takers rather than rentiersFor more information on this episode click here.SponsorsMasterworks - invest in modern artReal VisionShow NotesInvestor Risk Profiling: An Overview by Joachim Klement, CFA—CFA Institute Research FoundationLooming Large or Seeming Small? Attitudes Towards Losses in a Representative Sample by Jonathan Chapman, et al.The Global Impacts of Climate Change on Risk Preferences by Wesley Howden and Remy LevinDoes Mood Take the Front Seat in Determining the Financial Risk-Taking Propensity of Individuals? Evidence from India by Crystal Glenda Rodrigues and Gopalakrishna B. VVenture Capital AUM at Record High of $2tn—Preqin10 Key Facts About the Capital Markets by Katie Kolchin, CFA—SIFMARelated EpisodesWhat Is Risk vs Uncertainty?268: How To Better Manage Risk350: How to Invest in Startups on Equity Crowdfunding Platforms?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How protected are you if the brokerage firm where you hold your stocks, bonds, and crypto assets files for bankruptcy? Why you shouldn't store your crypto assets with an online broker.Topics covered include:How traditional brokerage firms protect their client assets in case of bankruptucyHow cryptocurrency brokers, such as Voyager, mistreat their clients in bankruptcy proceedingsWhat is the safest way to hold cryptocurrencyFor more information on this episode click here.SponsorsKeeper - keep your passwords safePolicygeniusMoney For the Rest of Us PlusShow NotesVoyager To Acquire Circle Invest Retail Digital Asset Business From Circle Internet Financial—CisionWelcome, Circle Invest! Voyager Acquires Circle Invest's Retail Customers—VoyagerCrypto lender Voyager Digital files for bankruptcy by Shivam Patel, Sinead Cruise, and Tom Wilson—ReutersCrypto lender Voyager addresses customer anger in first bankruptcy hearing by Dietrich Knauth—ReutersIf a Brokerage Firm Closes Its Doors—FINRACrypto Broker Voyager Digital Says Three Arrows Capital Hasn’t Repaid $666 Million in Loans by Vicky Ge Huang—The Wall Street JournalFrom $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors down with it by MacKenzie Sigalos—NCBCRopes & GrayUpdate on Customer USD and Crypto—VoyagerInvestors lament potentially lost ‘millions’ on Voyager bankruptcy by Brian Quarmby—CointelegraphCoinbase Quarterly ReportCFTC Charges MF Global Inc., MF Global Holdings Ltd., Former CEO Jon S. Corzine, and Former Employee Edith O’Brien for MF Global’s Unlawful Misuse of Nearly One Billion Dollars of Customer Funds and Related Violations—Commodity Futures Trading CommissionRelated Episodes387: Why Most Money Fails392: What Is Money and How to Use ItSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

David and his son Camden conclude their conversation about money.Topics covered include:A review of money principles discussed in Part 1How money is createdHow money is energyWhy bank runs occurHow cryptocurrency fails as moneyHow money is debt backed by debtFor more information on this episode click here.SponsorsPolicygeniusMoney For the Rest of Us PlusSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

David and his son Camden hold a conversation about money, its attributes, how it's created, and how money differs from investments.Topics covered include:How our earliest money memories impact our views on moneyThe difference between public and private moneyWhat are the two primary attributes of moneyWhy money should be accepted with no questions askedHow some countries use more cash than othersHow money differs from investingWhy private money can be riskyFor more information on this episode click here.Show NotesFree email course and PDF on how to beat inflationSponsorsLinkedIn – Post your job for freeReal VisionSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.