03.18.26 Where NOT To Invest - NEVER EVER / The Grandparent Trap

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.6 • 5.2K Ratings

🗓️ 18 March 2026

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today - Clark takes aim at the "monster mega banks" and explains why they are often the worst place for your investment dollars. Major banks are rebranding branches to capture more consumer assets, yet these institutions often lack a fiduciary duty to their clients. You’ve got lower-cost alternatives to help you get ahead. Also, Clark shares an important message for grandparents or anyone who loves and cares about a grandparent - a heartfelt reminder to protect those who have spent a lifetime building their savings, from going broke in their later years. Where NOT To Invest: Segment 1 Ask Clark: Segment 2 For Grandparents: Segment 3 Ask Clark: Segment 4 Mentioned on the show: 3 Places You Should Never Invest Your Money - Clark Howard How To Find and Choose a Financial Advisor / Best Financial Advisors What You Need To Know About the Vanguard Cash Plus Account What You Need To Know About the Fidelity Cash Management Account Best Cash Management Account: Comparing Vanguard, Fidelity, and Schwab How To Open a Roth IRA Zillow - Prepare for your first home with confidence How Much Does It Cost to Be a Grandparent? Why Clark Howard Refuses To Rent a Car From Hertz How Long Should I Save Pictures of My Car Rental? - Clark Howard Why You Should Never Prepay for a Rental Car - Clark Howard 5 Things You Should Re-Shop To Save Money - Clark Howard Clark.com resources: Episode transcripts Community.Clark.com / Ask Clark Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	When the tax year ends on the 5th of April, valuable tax allowances may be lost simply because people left things too late.
0:08.0	Thankfully, Vanguard is here to help you make well-consider decisions, not rushed ones.
0:14.0	Their tax year-end hub is full of clear guidance, helpful tools and timely reminders to help you understand your allowances and give your investments
0:22.5	the best chance to grow. Search Vanguard investor to learn more. When investing, your capital is at risk.
0:28.5	Tax rules apply. Now, are all the traitors present? Let's get started, shall we? From rags to riches.
0:35.9	I'm so sick of this. Working like a dog and being treated worse.
0:39.3	Yorkshire to New York.
0:40.3	Or climbers, you and me.
0:42.3	A life dedicated to revenge.
0:44.3	Let's make this an occasion to remember.
0:46.3	A Woman of Substance on Channel 4.
0:49.3	Stream now.
0:50.3	Great to have you here on the Clark Howard show.
0:57.5	You know, our mission is to serve you with advice and information that empowers you so you make better financial decisions in your life.
1:06.3	Today, why I say so stridently that you should never, never, never, not ever invest with the giant
1:17.8	monster megabanks. Also, I have an important message for you if you are a grandparent
1:25.1	or if you are someone who loves and cares about a grandparent.
1:31.8	So, all right, I am biased.
1:35.1	I am prejudiced.
1:37.2	I have flaws like any other human being, and I'm just going to lay it out.
1:43.1	I despise the market power of the giant monster
1:48.3	megabanks. They wake up every day trying to figure out how to pick your pocket. I don't like it.
	...

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