Bogle in the Streets, Batnick in the Sheets | The Compound & Friends #17

On this week's episode of The Compound & Friends, Michael Batnick, Dan Egan, and Downtown Josh Brown discuss: economic growth after Delta, excessive bubble talk, the Betterment platform, when investors freak out, Beijing's behavioral finance, fractional shares and direct indexing, target date funds, what offices are good for, live-streaming Ray-bans, and more!
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[@LB-sj3li]

You guys have put together a really terrific conversation! Excellent!

[@TheCompoundNews]

Appreciate it!

[@babuthambidurai6734]

The best episode !! Church of finance, Advisor/Investor behaviours in Dips, Nudges to investors, Fed and Interest rates & 8000 Unicorns.. Seriously!! the best episode.

[@BlueMaserati]

First - shout-out to Josh and Michael, the goats 🐐 🐐

[@arimichael2499]

THIS IS ONE OF THE BEST EPISODES EVER. CHURCH CASINO ANALOGY. THE CHANGING THE RULES OF THE GAME AND USING A DIFFERENT PLAYBOOK. THE BUBBLE HISTORIAN IS TEMPTED TO SEE THEM TOO OFTEN. STRAIGHT FIREEEEEEEEEEEEE....ALSO BATNICK IS WEARING A JOHN STARKS JERSEY. #KNICKSTAPE

[@kid_a6859]

Sorry if this has already been asked but how come your KZbin vids don’t include all the content that then podcast includes? Keep up the great work fellas!

[@markmonfort29]

I am genuinely curious about that too

[@samchahl4018]

It forces you to listen to the podcast separately

[@nick6584]

@Bartleby well, it is true, alot of podcasts do the same thing, its one of those greed things you see from content people in their early days when they get a bit obssessed with the numbers and dont yet realise its a bad long term strategy

[@keithiliffe4016]

@Bartleby I k I think kwe just got I igot Kiki KO in kv Kuhn but B

[@ThaboHermanus]

The Compound And Friends is a podcast. Some people have their podcast on KZbin, audio only without video production, some people do great video editing teaser of a podcast, which targets an audience that will listen, and use the teaser to give you a highlight of what you would experience if you listen. If the content creators move away from focusing on what they are discussing, to what they are discussing and how they look, it changes the offer we get, and I like the podcast from a “learning” perspective

[@benbirnbaum3413]

I listened to this purely based on the title. I don’t regret it.

[@frenchpressfinance]

Mike: "Bogle in the Streets, Batnick in the Sheets" Josh: "I'm gonna vom ..." 😂🤣

[@upchuck8605]

Phenomenal episode dudes

[@asasnider1361]

Yes, josh! He's talking about--and actually practicing--helping people learn and become better investors. big firms lie about this (or don't try very hard, i work for one of them, education is more just there to prevent us getting sued, but we do not seem to care about actual investor returns). Next account i open is on betterment

[@rainerluthershelley5131]

That was a GREAT show guys. Thank you. BTW I believe behaviors are the same but the tools of the game have changed and will continue to change as we go forward depending on the situation. Sold out 100percent on the 2nd day of the correction in March 2020 and bought 1 day after the bounce into VFIAX and BRKB. Sold BRKB at 293$ later. Looking to take some profit out of VFIAX shortly. Just saying not bragging. I was fortunate to a degree. Thanks again and will be watching later.

[@ChristianRodriguez-tv4ct]

If my house doubles in value, I can't do much with that. Most people don't take out more debt on that rise. Most people won't leave their job to move to Ben Carlson's farm town and pocket the difference. So household net worth going up based on real estate has zero tangible impact for most people working a 9 to 5 outside of higher yearly home taxes.

[@RomilCPatel]

You could sell the land and take a ground lease

[@brandonreed09]

Zero impact until you sell. But you really should take out a heloc since that is some of the cheapest debt financing you can get.

[@stevenoliver9728]

I think the key word here is "tangible". The wealth effect of a rising home value leading to consumer spending is more of an intangible.

[@dentonjordan6992]

@@brandonreed09 assuming that you need debt finance…

[@SoDakJason]

@@stevenoliver9728 This exactly. Your home is worth more, so you "feel" richer, or more financially secure so you spend more. Maybe you go out to eat more, and charge more on your credit card.

[@KL-nj9oe]

You guys are in the top 10%. The other 90% doesn't have that much disposable income. Crypto has great yields. I'm getting 4-18%.

[@KL-nj9oe]

@@VacouverCanucks By staking your helping the network security and some of the fees pay for it.

[@RussMP]

Great episode fellas. Vanguard-A Cathedral to rational, emotionless investing…love it!!!! Need a t-shirt.

[@eddierosario1537]

Love this show 🔥

[@TheCompoundNews]

Thanks, Eddie!

[@Bkberliner007]

Your best show yet!

[@ananovo8662]

A+ title :D

[@chrisdeantonio1498]

OVER. THE. TOP. !!!

[@Hawking1969]

Great episode. My notes: ^Josh needs to have a seat belt installed on Michael's chair. His over excitement, while adorable, looked dangerous. ^ Churches and casinos: great analogy ^ "Experts in a previous version of the world: great call for us old folks to stay humble ^ I've been damn lucky. Just started buys QQQ in 2001 and haven't stopped.

[@BryanRink]

Bogle in The Street, Batnick in the pinksheets

[@kallonso]

Great episode!

[@brunomanco7529]

Wich percentage of people refi and cashs out theyr home equity? And wich percentage of that goes to reinvest in like a sp500 etf, and wich percentage goes to consumer spending?

[@cwag8225]

Betterment's solution to getting clients to not sell out is ONLY because the market went down and "V" bottomed right back up in a short period of time. Had the market gone down for 2 years, initially saying you will pay this much in taxes would work in getting them to not sell. Eventually, their system would say you don't have to pay any taxes if you sell because the stocks crashed below the clients buy price. At that point the client would be down another 20% to 50% from when they wanted to sell and will then sell.

[@TheDeni993]

Hi guys can you please upload the full video content that is in the podcast?

[@lurkingcaro]

Dunc first thing. Ok 👌🏼 I see you

[@kadie1414]

Buy high, sell higher

[@commycomentor9695]

That open is just SO DAMN GRITTY... I'm in Michigan... but I can just hear NEW YORK

[@chrisdeantonio1498]

Spend one hour on learning Morningstar’s model saver portfolios and you’ve tackled replacing your target date fund.

[@matthiasstepancich]

25:00 gold

[@WillingNAbelVids]

This is a good video! Everything I’ve been thinking put into words

[@zendenbali]

You should have called the show "this is holy grail shit".

[@harlyslamm2888]

The market WILL never ever go down...there I said it

[@crustybread9286]

How do I get the Contra t shirt man!?!?

[@powderdropzone]

How much money in cash did Michael have? If you have a 4-6 month emergency fund in cash "rate less than inflation" don't matter. What matters is having access to the money for the emergency.

[@grodge61]

Come on guys. $142T divided by 150,000 households would $1M per household. Math.

[@objectivethinker3225]

Josh "hopefully there's not like a new creative way to kill us on the way"... CCP - hold my bat.

[@dentonjordan6992]

Neegan style

[@secondsandcents2479]

One of your best episodes. But not mentioning crypto and inflation today...

[@grodge61]

LOL. Your guest (name?) says incredulously, Wait, Ben is a believer??? Derp. Like it's some kind of heresy. Haha.. All Ben says is that the economy is doing okay so maybe the Fed is smarter than everyone realizes, but Ben doesn't need me to defend him. Powell didn't decide to run up the deficit with tax cuts and ignore covid.

[@walnutinvesting689]

The asset allocation debate is interesting. In my opinion I wouldn't even consider bonds if you've accumulated millions in stocks. Even if the market crashes and you're living off stocks, the dividends alone at that point should cover your cost of living for most people. In that scenario you wouldn't care so much about the risk of bear markets durring retirement because you would never have to sell any shares.

[@bensheklesteinmcgoldberg6668]

2% is inflation? Not anytime soon

[@jamessykes249]

The Stark dunk was overrated.

[@Tendomcgoobin]

It's all Knicks fans really have other than Ewing and Jeremy Lin's run

[@johncellucci3024]

100 year US bond. 2.5% Get it done government . Oh wait...................................

[@jluther1755]

There's only like 3-4 trillion in Cash. Having 130+: trillions of wealth is uhm funny math}:‑)

[@daze_jamz]

One of the biggest reasons I left finance. It didn’t make sense, feels like a house of cards when you take a birds eye view

[@paulsommerhalder9049]

The rubbing of the beard....it's an addiction 🙂

[@stardestroyer44]

2% inflation wont be the standard going forward

[@Zippezip]

He is an NFT

[@kurts6741]

Nothing personal but any non-player wearing a team jersey over age 18 looks ridiculous.

[@BlueMaserati]

Hater

[@kurts6741]

@@BlueMaserati Nah. Nothing personal just a grown-up opinion.

[@Tendomcgoobin]

Batnick has that fellow kids energy

[@jedpittman6739]

i’m thinking that batnick (and the rest of the compund folks) are: smart enough, confident enough, rich enough to not give a flip about what any of us on the internet think of their wardrobe.

[@BlueMaserati]

@@kurts6741 so powerful. Not just an opinion. This is a grown up one.