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You are here: Home / Archives for David Stein

544: Sports Betting Is Not Investing

November 12, 2025 by David Stein · Updated November 22, 2025

Can you really make money sports betting on low-risk, high-probability events? Topics covered include: Show Notes How Do Betting Odds Work? by OC Staff—oddschecker Senate Commerce Committee Wants Answers on NBA Gambling Scandal—Senate Commerce Committee "US sports betting crisis grows as MLB’s Clase and Ortiz indicted over alleged rigged pitches" by Tom Lutz—The Guardian ESPN Will Not Let Failure Push It Out Of The Gambling Business by Chris Thompson—Defector 22% of … [Read more...]

Filed Under: Podcast Tagged With: gambling, sports betting, zero-sum games

543: Hoarding, FOMO, and Zcash: A Private Bitcoin

October 29, 2025 by David Stein · Updated November 11, 2025

What’s the difference between hoarding and investing? There’s a reason markets built on productive assets—like stocks and bonds—are far larger than hoarding markets such as gold and cryptocurrency. In this episode, David explores why that is, and shares why he recently bought Zcash, and how it’s both similar to and different from Bitcoin. Show Notes Zcash CoinGecko The Largest Companies by Market Cap in October 2025—The Motley Fool (Accessed October 2025) DOJ Seizes $15 … [Read more...]

Filed Under: Podcast Tagged With: Bitcoin, cryptocurrency, hoarding, speculations, zcash

Portfolio Trade: Took Profits in Gold

October 21, 2025 by David Stein · Updated October 21, 2025

Become a Member If you would like to read about this portfolio trade, consider joining Money For the Rest of Us Plus. Learn More About Membership » Today, David sold 2% of his gold coin holdings. Gold hit a record high on Monday and began to sell off on Tuesday, at which point David decided to take some profits. Most of his position is stored at a safe deposit box in Idaho, but David had a small amount of Canadian Maple gold coins with him that he sold on Wednesday morning, October … [Read more...]

Filed Under: Portfolio Insights Tagged With: gold

Model Portfolio Changes: New Models, New Structure

October 10, 2025 by David Stein · Updated May 9, 2026

Today, we implemented substantial changes to our model portfolios, providing more options and converting them to all ETFs instead of using mutual funds. We discuss these changes in more detail in Plus episode 540. Become a Member If you would like to read about this change to the Money For the Rest of Us Model Portfolios, consider becoming a member of the Money For the Rest of Us Plus. Learn More About Membership » Here is the list of changes: … [Read more...]

Filed Under: Portfolio Insights

Portfolio Trade: Adding to Stocks and Selling DSL

August 19, 2025 by David Stein · Updated August 19, 2025

Become a Member If you would like to read about this portfolio trade, consider joining Money For the Rest of Us Plus. Learn More About Membership » Today, David made several changes to his portfolio to reduce fixed income while increasing stock exposure. First, David sold the DoubleLine Income Solutions Fund (DSL). He purchased this fixed income closed-end fund in December 2020 at a 6% discount to NAV. Today, the fund is selling within a few cents of its net asset value. 35% of … [Read more...]

Filed Under: Portfolio Insights

Portfolio Trade: Reduced Bitcoin and Ether Exposure

August 1, 2025 by David Stein · Updated August 2, 2025

Become a Member If you would like to read about this portfolio trade, consider joining Money For the Rest of Us Plus. Learn More About Membership » This week, David reduced his exposure to Bitcoin by 20% and to the Ether token (i.e. ethereum) by 40%. He sold Bitcoin outright and donated Ether to charity by establishing a donor-advised fund at Fidelity Charitable. Ether jumped 50% in July and 140% since April. Bitcoin increased 10% in July to reach an all-time high. It has risen 60% … [Read more...]

Filed Under: Portfolio Insights

Portfolio Trade: Reducing Preferred Stock Holdings and Adding a Baby Bond

July 7, 2025 by David Stein · Updated July 11, 2025

Become a Member If you would like to read about this portfolio trade, consider joining Money For the Rest of Us Plus. Learn More About Membership » Today, David sold three preferred stock positions to raise funds to invest in Oxford Lane Capital Corp. 7.95% note due 2/29/2032 (OXLCG). OXLCG is a baby bond, as discussed in Plus episode 529. The note is yielding 8% and is not callable until February 28, 2030. Oxford Lane Capital Corporation is a closed-end fund that invests in CLO … [Read more...]

Filed Under: Portfolio Insights

Portfolio Trade: Adding CLO Closed-end Fund and Exiting Individual REITs

June 14, 2025 by David Stein · Updated June 14, 2025

Become a Member If you would like to read about this portfolio trade, consider joining Money For the Rest of Us Plus. Learn More About Membership » Yesterday, David purchased Eagle Point Investment Company (EIC) a closed-end fund that invests primarily in BB collateralized loan obligations and CLO equity. He also sold three individual equity REITs: American Homes 4 Rent (AMH), Invitation Homes (INVH), and Sun Communities, Inc. (SUI). EIC recently reduced its monthly dividend to 13 … [Read more...]

Filed Under: Portfolio Insights

Portfolio Trade: New Asset Based Lending Investment

April 30, 2025 by David Stein · Updated April 30, 2025

Become a Member If you would like to read about this portfolio trade, consider joining Money For the Rest of Us Plus. Learn More About Membership » David recently provided a mortgage loan to a family member that was funded by reducing his cash balance and by selling some exposure to Treasury Inflation Protection Securities. Similar to other asset-based lending David has pursued, the loan is secured by a deed of trust on the underlying property. The loan will be reflected on … [Read more...]

Filed Under: Portfolio Insights

Portfolio Trade: Exiting MCI

February 19, 2025 by David Stein · Updated February 19, 2025

Become a Member If you would like to read about this portfolio trade, consider joining Money For the Rest of Us Plus. Learn More About Membership » Today, David sold his position in the Barings Corporate Investors fund (MCI) as its premium to net asset value rose to 36% compared to less than a 5% premium in August 2024. When David purchased MCI in March 2022, it was selling at a discount to net asset value of 12%, MCI primarily invests in privately placed, below-investment … [Read more...]

Filed Under: Portfolio Insights

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