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slash setup welcome to the nerd wallet smart money podcast where we answer your

personal finance questions

and help you feel a little smarter about what you do with your money.

I'm Sean Files.

This week, my co-host, Liz Weston, and I answer a listener's money question about how they should start having money conversations with their partner.

But first, an hour this week in your money segment, I'm talking with investing nerd Chris

Davis about the recent stock market shenanigans and what it does and doesn't mean for your finances.

So, Chris, welcome back on the show. Hey, Sean. Good to be back. Good to have you. So let's just dive

into it. For those who are maybe a little bit confused about what's been happening in the stock

market or those who hear

the word Reddit and immediately just tune out. Can you give us a quick recap? Yeah, sure. So from a very

high level, it might be best to start with hedge funds. So hedge funds are basically an investment

vehicle that pools money from wealthy people. And hedge funds are similar to mutual funds,

but they're actually a little

less regulated. And that means the firms that manage the hedge funds, they actually have a little

more leeway in terms of kind of the investment strategies they can use, and they can take on a little

more risk in doing that. One of these strategies is short selling. So basically, if you short a stock, you're betting that the price of that

...