TIP568: Current Market Conditions, Alternative Assets, & AI w/ David Stein

<p>Clay Finck chats with David Stein about current market conditions, the role of international stocks in a portfolio, whether investors should get exposure to AI stocks or not, if GDP is an outdated metric, the role of alternative assets in a portfolio, and David’s guide to living a richer, wiser, and happier life.</p><p>David Stein is the Host of Money For the Rest of Us, a weekly personal finance podcast with over 20 million downloads. He’s also the co-founder of Asset Camp, a fintech platform of dynamic data-driven research tools focused on asset classes.</p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p>00:00 - Intro.</p><p>02:10 - Why we should care about current market conditions as long-term investors.</p><p>09:27 - David’s assessment of current market conditions and the Fed’s job in managing inflation.</p><p>13:08 - How long it takes for interest rates to flow through to the broader economy.</p><p>16:49 - The role international stocks can play in a portfolio.</p><p>26:47 - If investors should care if the US has the reserve currency or not.</p><p>33:28 - Ways in which investors can get exposure to AI.</p><p>38:41 - The potential long-term impacts of AI on our financial system.</p><p>42:09 - Whether GDP is an outdated and misleading metric or not.</p><p>46:42 - The role that crowdfunding platforms and alternative assets can play in a portfolio.</p><p>55:51 - How the venture capital playbook works.</p><p>58:28 - How David thinks about the expected returns for alternative assets.</p><p>75:00 - David’s thoughts around aligning his finances with living a good life.</p><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out our newly released&nbsp;<a href="http://theinvestorspodcast.com/mastermind" rel="noopener noreferrer" target="_blank"><strong>TIP Mastermind Community</strong></a>.</li><li><strong>Check out our recent episode covering&nbsp;</strong><a