Money For the Rest of Us

I provide a short update on Money for the Rest of Us and introduce our listener survey. All survey participants will get access to an exclusive podcast episode on my worst investing mistakes and what I learned.
Take the Money for the Rest of Us Listener Survey
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, we explore why the income we earn isn't the same as the return. We show how option income strategies work, what their historical returns have been, what drives the return, and what reasonable return expectations are.
We show why option income strategies have a positive expected return while sports betting has a negative expected return.
Finally, we look at other areas where we confuse income with the total return.
Sponsors
Money for the Rest of Us Retirement Investing Cohort
Delete Me – Use code David20 to get 20% off
Our Premium Products
Asset Camp
Money for the Rest of Us Plus
Show Notes
Episode slide deck
Variance Risk Premia by Peter Carr and Liuren Wu—NYU
Cross section of option returns and idiosyncratic stock volatility by Jie Cao and Bing Han—The Journal of Financial Economics
The Price of Correlation Risk: Evidence from Equity Options by Joost Driessen, Pascal J. Maenhout, Grigory Vilkov—SSRN
Cross-section of option returns and volatility by Amit Goyal and Alessio Saretto—The Journal of Financial Economics
The Art of Put Selling: A 10 Year Study by John Marshall, Krag Gregory, Katherine Fogertey—Goldman Sachs
Low Stress Bets
Related Episodes
557: Don’t Fall in the Dividend Trap
549: Why Catastrophe Bonds Are Yielding 12%, and Should You Invest?
544: Sports Betting Is Not Investing
Article: Tail Events and Tail Risk
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Bad actors will use AI to disrupt the financial system, transportation networks, and utilities. We should prepare now for this inevitability. We share how in this episode. We also explain why the bull market in gold will likely continue.
Topics covered include:
Why the OpenAI agentic AI breach is so disturbing
How do we prepare for cyberattacks
Why gold should be one of the assets we hold apart from the financial system
How the historical relationship between gold and real interest rates has broken down
To what extent are central banks selling dollars to buy gold
How gold ETF flows influence the gold price

Sponsors
Get the free guide from NetSuite: Aligning for the Agentic Era: How AI Is Changing Everyday Work
Delete Me – Use code David20 to get 20% off
Our Premium Products
Asset Camp
Money for the Rest of Us Plus

Show Notes
Episode 564 Slide Deck with Charts
Gold's Run Isn't Yet Done - Bhanu Baweja - Financial Times
Brief independent investigation of agents’ behavior, reasoning and collaboration in the OpenAI / Hugging Face hacking incident
Are Central Banks Moving Out of Dollar Assets? - Linda S. Goldberg, Oliver Hannaoui, and Sneha Parthasarathy - Federal Reserve Bank of New York
Related Episodes
541: Debasement Fears or Meme Fever? What’s Driving the Gold and Silver Rally
563: Why Interest Rates Keep Rising and What to Do About It
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The national debt exceeds $40 trillion, U.S. long-term Treasury yields are at 19-year highs, the U.S. Treasury Department is intervening in currency and bond markets. We unpack it all in this episode and show you how to position your investment portfolio to lock in higher yields and protect yourself from falling bond prices.
Sponsors
Try NetSuite for Free
Delete Me – Use code David20 to get 20% off
Our Premium Products
Asset Camp
Money for the Rest of Us Plus
Show Notes
Episode 563 Slide Deck
Debt to the Penny - U.S. Treasury
Historical debt and budget tables - U.S. White House
Average U.S. national debt interest rate - U.S. Treasury
Treasury Announces Increased Sizes of Nominal Long-End Liquidity Support Buybacks Beginning September 9 - U.S Treasury
America’s Risky Debt: What Markets See That Policymakers Don’t - Hanno Lustig
Related Episodes
525: No More AAA – What the U.S. Debt Downgrade Means for Investors
463: How to Lock in Higher Yields
464: More Ways to Lock in Higher Yields
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What are the steps to simplify your portfolio, given that it is likely spread across multiple accounts? We focus particularly on retirees, who have to weigh additional considerations like withdrawals, Roth conversions, and required minimum distributions.
We also explore which areas of the stock and bond markets are attractive right now as you seek to simplify and/or rebalance your portfolio.
Sponsors
Try NetSuite for Free
Delete Me – Use code David20 to get 20% off
Show Notes and Related Content
A Complete Guide to Investing in I Bonds and TIPS (2026)
550: Asset Location: Where You Invest, Where You Live, What You Can Access
Free Investment Strategy Report
Insiders Guide Email Newsletter
Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter
Our Premium Products
Asset Camp
Money for the Rest of Us Plus

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.