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You are here: Home / Archives for rules of thumb

498: What I Learned Investing in the Past Decade

October 23, 2024 by Camden Stein · Updated November 14, 2024

David shares how his investing has changed over the past ten years and lessons you can apply to your portfolio. Here are the ten lessons: Document Your Journey Keep Experimenting Be Willing to Adopt New Asset Classes Be Very Patient Trade Less, Focus On Long-term Drivers Monetary Diversification Don't Focus on Relative Performance Ignore the Noise Take Your Time There Is No Right Way to Invest Show Notes The Investor Podcast 668: What I Learned … [Read more...]

Filed Under: Podcast Tagged With: investing rules, rules of thumb

454: How To Invest – Ten Rules of Thumb for Individual Investors

November 1, 2023 by David Stein · Updated November 11, 2023

We discuss ten rules of thumb for individual investors to consider when saving and investing for and in retirement. Here are the ten rules of thumb: 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 Show Notes How to Invest Money … [Read more...]

Filed Under: Podcast Tagged With: investing rules, rules of thumb

376: What Investment Style Fits Your Personality?

February 23, 2022 by David Stein · Updated March 15, 2022

How to decide the investing scale and timeframe that works best for your temperament. Topics covered include: How stocks perform in the days and weeks following catastrophic eventsWhat are some potential financial impacts of Russia's invasion into UkraineHow complex systems operate at different scales and timeframesWhat are examples of different scales and timeframes for investingHow tactical asset allocation strategies workWhy schema and rules of thumb develop and how do they get … [Read more...]

Filed Under: Podcast Tagged With: investing rules, investment philosophy, investment styles, panarchy, rules of thumb, time

354: Now Is the Best Time Ever to Be an Individual Investor

August 18, 2021 by David Stein · Updated September 8, 2021

What are the advantages and disadvantages individual investors have relative to professional investors. How individual investors can capitalize on their advantages without being overwhelmed by too many choices. Topics covered include: How much have fees and commissions dropped for individual investors in the past two decadesHow the overall objective of individual investors differs from professional investorsWhy the smaller scale at which individual investors operate provides an … [Read more...]

Filed Under: Podcast Tagged With: fees, investing rules, investment philosophy, Kahneman (Daniel), rules of thumb

274: 10 Questions to Master Successful Investing

October 23, 2019 by David Stein · Updated May 20, 2021

What are the timeless principles we can follow in order to become better investors? In this podcast episode you’ll learn: How a book's permanence makes it different from a podcast.How David's book got written and published and why his publisher just recalled the hardcover version of the book.What are the 10 questions we should answer before we invest in anything. Show Notes Money for the Rest of Us book Thinking in Bets: Making Smarter Decisions When You Don't … [Read more...]

Filed Under: Podcast Tagged With: asset allocation, investing rules, rules of thumb

265: Invest Like A Tesla

August 21, 2019 by David Stein · Updated May 20, 2021

How the composition of Tesla's autopilot software gives clues to how we should invest, recognizing there are no perfect algorithms for driving or investing. In this episode you’ll learn: Why Americans are afraid of self-driving cars.How autonomous automobile software works.Why people reject even the best possible algorithms.What are examples of safety features and rules of thumb we should build into our investing process.Why does everyone think a recession is coming soon even … [Read more...]

Filed Under: Podcast Tagged With: AI, algorithms, artificial intelligence, rules of thumb, Tesla

236: How Investors Cope With Radical Uncertainty

January 16, 2019 by David Stein · Updated August 24, 2022

How heuristics, filters and reasonable stories help us cope with radical uncertainty and have the courage to make investment decisions. Photo by Tom Grimbert In this episode you’ll learn: Strategies for coping with uncertainty.How to avoid being caught up in a bubble or mania.Why even central banks need a coping strategy.How money helps hedge against an uncertain future. Show Notes Centralverse.org The End of Alchemy: Money, Banking, and the Future of the Global Economy by … [Read more...]

Filed Under: Podcast Tagged With: filters, heuristics, King (Mervyn), rules of thumb, Tuckett (David), uncertainty, unpredictable events

229: Stop Maximizing Your Returns Using Modern Portfolio Theory

November 7, 2018 by David Stein · Updated May 26, 2021

Why modern portfolio theory is a defective way to build out an investment portfolio. This episode explains a better approach to asset allocation. In this episode you’ll learn: What are the inputs needed to compile an asset allocation using modern portfolio theory.What are the defects with modern portfolio theory.Why we should be minimizing our maximum regret rather than maximizing our returns.A more flexible approach to asset allocation that isn't reliant on modern … [Read more...]

Filed Under: Money Plus, Podcast Tagged With: asset allocation, asset allocation assumptions, expected returns, Hunt (Ben), investing rules, modern portfolio theory, MPT, rules of thumb, tail events, tail risk

156 Plus: Early Retirement, Income Portfolios and Taxes

May 6, 2017 by David Stein · Updated May 24, 2021

This week May 6, 2017 on Money For the Rest of Us Plus we profile a member who is contemplating early retirement and discuss whether he has enough assets. We discuss the use of income portfolios in retirement Finally, we develop a rule of thumb for whether an investor should sell an investment and take the tax hit versus continuing to hold the investment to defer taxes. … [Read more...]

Filed Under: Uncategorized Tagged With: early retirement, FIRE, income portfolio, investing rules, rules of thumb, taxes

152: You Know Less Than You Think

April 5, 2017 by David Stein · Updated September 25, 2023

How simple rules, just-in-time learning and checking your understanding can help you make better financial decisions. In this episode you'll learn: How we rely on the environment and other people to think. Why we aren't overwhelmed by complexity. What are the downsides of drawing on a community of knowledge and to mitigate them. The importance of simple rules and just-in-time learning. Show Notes The Stranger in The Woods: The Extraordinary Story of the Last True … [Read more...]

Filed Under: Podcast Tagged With: complexity, Fernbach (Philip), financial rules, knowledge, rules of thumb, Sloman (Steven)

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