How to determine whether you should invest in a complex investment such as an actively managed ETF that uses option strategies. Topics covered include: Show Notes ETF Launches by Heather Bell—ETF.com New Versions Of ‘QQQ’ Add Twist by Cinthia Murphy—ETF.com Runaway ETNs Trap Traders in ‘Wild West’ of Index Investing by Michael Wursthorn and Mischa Frankl-Duval—The Wall Street Journal Innovator ETFs IVOL ETF Analysis and Review Episode … [Read more...]
306: Three Approaches to Asset Allocation
What are the three primary ways to allocate assets and build a portfolio when saving for retirement or living in retirement. Topics covered include Show Notes Jiro Dreams of Sushi—Magnolia Pictures Portfolio Charts Episode Sponsors NetSuite The Great Courses Plus Learn More 201: Is Your Portfolio Unbalanced? 229: Stop Maximizing Your Returns Using Modern Portfolio Theory 254: Should You Be 100% Invested In Stocks? 255: With Interest Rates Falling, … [Read more...]
195: Has A Trade War Begun?
Why duties and other actions are necessary to address trade disputes, but across the board tariffs are a blunt instrument that can lead to a devastating trade war and global recession. In this episode you’ll learn: Show Notes ‘Trade Wars Are Good,’ Trump Tweets - Wall Street Journal Trump’s Tariffs Prompt Global Threats of Retaliation - New York Times The Effect of Imports of Aluminum on the National Security - U.S. Department of Commerce Section 232 Historical … [Read more...]
158: How To Invest Like A Cockroach
How reserves, slack and simple rules of thumb help us deal with radical uncertainty. Why the next financial crisis is unlikely to be like the last one. In this episode you’ll learn: Show Notes The End of Theory: Financial Crisis, the Failure of Economics and the Sweep of Human Interaction - Richard Bookstaber Where the Water Goes: Life and Death Along the Colorado River - David Owen Sponsors Filter Buy 10% Discount Sanebox Health IQ Summary Article How To … [Read more...]
152: You Know Less Than You Think
How simple rules, just-in-time learning and checking your understanding can help you make better financial decisions. In this episode you'll learn: Show Notes The Stranger in The Woods: The Extraordinary Story of the Last True Hermit by Michael Finkel The Knowledge Illusion: Why We Never Think Alone by Steven Sloman and Philip Fernbach How to Talk About Books You Haven't Read by Pierre Bayard When a Storm Is in the Offing: Fundamental Growth in the U.S. Equity Market - … [Read more...]
129: Finding Simplicity On The Other Side of Complexity
Why we need to embrace complexity in order to find lower cost, less stressful solutions to challenges including with investing. Plus is investing moral? In this episode you'll learn: Show Notes In Defense of Food by Michael Pollan The Wall Is A Fantasy - New York Times The drug industry’s answer to opioid addiction: More pills - Washington Post Cooperation In Evil - Archdiocese of Philadelphia Retire A Millionaire On Just $35 A Week - Dave Ramsey Blog Summary … [Read more...]
100: Navigating a Negative Carry World
What Harrison Ford can teach you about investing and living in a radically unpredictable, low investment return world. In this episode you'll learn: What is the primary narrative driving markets today.What are the two things that never change with markets.What is positive and negative carry.Why central banks implement negative interest rates.How low are interest rates around the world.How do we invest and live in a radically unpredictable, negative carry world. Show … [Read more...]
63: Alarmists and the Economics of Collapse
Why economic alarmists are dangerous, and what has to happen for the financial system or economy to collapse. In this episode you'll learn: What is an alarmist.What is confirmation bias.What is the velocity of money what influences it.What are purchasing manager indices (PMI) and how do they correlate to the direction of the economy.What is the cyclically adjusted price-to-earnings (CAPE) ratio and how long has it taken for markets sell-offs to occur after CAPE ratio exceeded … [Read more...]
MNY058 Plus: Complexity, ETFs and the Midnight Sun
In this week's Money For the Rest of Us Plus episode, I discuss Cod fishing in the dark. The midnight sun. Non-linearity, networks, genes and genetically engineered crops. The complexity of ETFs The episode length is 12 minutes. … [Read more...]
MNY031 Plus: Luck versus Skill
In this week's Money For the Rest of Us Plus episode, I discuss: Boethius' view on luck, skill, fate and providence from his book written in the early Middle Ages and how he foreshadowed complex adaptive systems. How complex systems have local uncertainty and global certainty. What is a narrative fallacy. How creativity functions within a complex adaptive system. The episode length is 17 minutes. … [Read more...]
