Structured Products (Plus Just Keep Buying with Nick Maggiulli) | Rational Reminder 255

Structured products can offer unique investment opportunities and customization but also come with risks and complexities. It is vital to thoroughly understand the product's structure, risks, and potential returns before investing. In this episode, we delve into the value of structured products and recap a past episode about the philosophy of money before continuing our focus on reading and finance by diving into the book, Just Keep Buying by Nick Maggiulli. Nick is a highly regarded author known for his insightful and engaging works on finance and investing. With a passion for demystifying complex financial concepts, Nick has earned a reputation for his ability to present information in a clear and accessible manner. His ability to blend storytelling with data-driven insights made his articles immensely popular among readers of all backgrounds. We discuss the pros and cons of financial products, why investors prefer them, the dark side of structured products, and what investors need to avoid. We recap a past episode with Barry Ritholtz about the philosophy of money and the main takeaways from our conversation with him. Then, we delve into Just Keep Buying and the invaluable lessons and uncover hidden gems it offers readers before speaking to Nick about savings and investing. We discuss the best strategies for investing, how to spend your money comfortably, why you should never wait for the markets to dip, and much more. To learn everything about structured products and valuable insights about saving and investing, tune in now.

0:00 Intro
3:19 Main Topic: Structured Products
6:07 Background
9:11 Biases
14:12 Complexity
17:57 Empirical Evidence
22:03 Persistence Despite Poor Performance
29:06 Episode 57: 60 Seconds
32:05 Book Review: Just Keep Buying: Proven Ways to Save Money and Build Your Wealth
35:51 Special Guest Nick Maggiulli
58:29 Aftershow

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Book From Today’s Episode:
Just Keep Buying: Proven ways to save money and build your wealth — https://amzn.to/3qh1cF7

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Rational Reminder Website — https://rationalreminder.ca/
Shop Merch — https://shop.rationalreminder.ca/
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Follow us on Twitter — https://twitter.com/RationalRemind
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Nick Maggiulli on Instagram — https://instagram.com/nickmaggiulli
Benjamin on Twitter — https://twitter.com/benjaminwfelix
Cameron on Twitter — https://twitter.com/CameronPassmore
Nick Maggiulli on Twitter — https://twitter.com/dollarsanddata
Nick Maggiulli — http://ofdollarsanddata.com/
'The dark side of financial innovation: A case study of the pricing of a retail financial product' — https://doi.org/10.1016/j.jfineco.2010.12.006
'Engineering lemons' — https://www.sciencedirect.com/science/article/abs/pii/S0304405X21001653?via%3Dihub
'Ex Post Structured-Product Returns: Index Methodology and Analysis' — https://www.pm-research.com/content/iijinvest/24/2/45
'Catering to Investors Through Security Design' — https://academic.oup.com/qje/article-abstract/132/3/1469/3057435
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