Avoid Bad Advice

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 18 May 2018

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Don and Tom want to keep you from falling victim to a Ponzi scheme or greedy stock brokers. Their advice: Stick to fee-only fiduciaries and keep those investments as diversified as possible. We look at how to check up on possible advisors using BrokerCheck, answer some questions on stable value funds and bonds indexes, look at the state of pensions in Seattle and advise that if you want to play the market you might as well head off to the casino.The reason why people like Bernie Madoff are not more uncommon.Using BrokerCheck to your investment advantage.Do not get caught out by the multitude of Ponzi schemes out there.A reminder about the Vestory risk quiz and how easy it is to take it.Don looks back on his dark history as a broker.Some traveling advice on shuttles from Don and his trip.A strange similarity between index funds and Uber rides. The differences between a fee-only fiduciary and a stock broker. Choosing between a stable value fund and a bond index fund. Is there an alternative to equities?Seattle’s pension problems and what this shows us. Why picking stocks is no better than going to the casinos. How to get ready for retirement the smart way. Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comThe Science of Retirement Investing - http://www.talkingrealmoney.com/new-events/2016/6/3/lunched-the-science-of-retirement-investing-portlandRetiremeet North — http://www.retiremeet.com/Johnny Cash — http://www.johnnycash.com/Bernie Madoff — https://www.biography.com/people/bernard-madoff-466366BrokerCheck — https://brokercheck.finra.org/Knowles Systems — https://knowlessystem.com/Charles Ponzi — http://mentalfloss.com/article/20377/who-was-ponzi-what-was-his-schemeUlysses S. Grant — https://www.biography.com/people/ulysses-s-grant-9318285Emirates — https://www.emirates.com/Uber — https://www.uber.com/MarketWatch — https://www.marketwatch.com/Alternative to Equities Article — https://www.marketwatch.com/story/theres-finally-an-alternative-to-equities-says-billionaire-fund-manager-2018-05-11Seattle Times — https://www.seattletimes.com/Seattle Times Pension Article — https://www.seattletimes.com/seattle-news/seattles-retirement-fund-was-mismanaged-now-taxpayers-are-paying-the-price/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Oh, that's my prime delivery.
0:01.6	What, already?
0:02.7	Only one thing can match the buzz of Prime's fast delivery.
0:06.2	And that's the buzz of Prime's entertainment.
0:09.0	What are we watching?
0:09.7	Heads of state, that new action comedy with Idris Elber as the Prime Minister,
0:13.3	John Sina as the president, and Priyanka Chopra Jonas, as their only hope.
0:17.0	It looks like a blast.
0:18.3	From fast delivery to explosive entertainment, it's on Prime. For only
0:23.0	899 a month, join now. Content includes limited ads, subscription, or to renews. For more information,
0:28.2	go to amazon.com.uk.U.K. slash Prime.
0:33.7	Reality for a really great future. We're talking real money.
0:40.2	So after this station, which one do we go to next?
0:43.0	I think you go three doors down the left.
0:45.3	And we do the rock and roll show.
0:47.9	I brought my 78s.
0:49.9	I got a bunch of eight tracks.
0:51.6	I'm ready to go, man.
0:52.8	Is there a country station in the building?
0:56.3	I think that's the other end of the building.
0:58.4	You go, anyway, you go past the Amazon rally, and you keep going.
1:01.7	I was feeling the need to do my draw.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Don McDonald, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Don McDonald and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.