Best Ignored

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5 • 811 Ratings

🗓️ 7 February 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy to see Jason Zweig back from his sabbatical, Don shares his WSJ article on the wisdom of ignoring the stock market's fluctuations. Tom calls in from Vegas to explian his five-second $100 loss. Listeners ask: What should a house rich person do to create a decent retirement income? Is moving 401k money into an indexed annuity a wise move? This call sets Don on a rant against the horrible "advisors" who will say almost anything to sell these high-commission, complex insurance-based "inv...

Transcript

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0:00.0	Reality Radio for a really great future. We're talking real money.
0:10.4	Hey everybody. Welcome to talking real money. So glad you could join me, me, as Tom is away this weekend.
0:20.5	He has taken a little birthday trip with his wife to Las Vegas where he saw Carlos Santana last night
0:27.6	and is going to see a comedian tonight and then he told me he was going to go gamble.
0:33.6	And Tom's not a big gambler, but there is one area on which he'll gamble, and that is sports, I think. I'm sure he's over at the sports book. That's what he said he was going to do. He was at least going to gamble for somebody else. He probably won't for himself. I wouldn't. I just don't. I'm a terrible gambler. I lose money all. Whenever I gamble, I lose money. I just don't like it. I don't. I'm a terrible gambler. I lose money all.
0:55.6	Whenever I gamble, I lose money.
0:57.9	I just don't like it.
0:59.4	I don't enjoy losing.
1:10.6	I mean, I don't enjoy losing ever, but I just don't enjoy losing money that has really very little chance of going the other way and making me money.
1:12.0	Gambling is a losing proposition.
1:14.4	855 935 Talk is our phone number here.
1:18.2	That's 855-9358255.
1:23.8	The topic is money, but the subjects really do run the gamut.
1:31.8	There are so many things that involve money in your life from earning a living to spending that living to hopefully saving some of it and then investing it for for your your later
1:48.5	years in life and that's why we've been doing this show for a very long time to help you do
1:59.0	to do better with that money 855 935 talk is our phone number
2:05.7	855 9355-935 8255 actually it's my phone number today so it'll just be you and me and it's
2:12.5	absolutely positively free and speaking of being old well this is a roundabout way. I love, love, love Jason
2:20.3	Zweig. Tom and I talk about Jason's Wig all the time. However, last May, Jason Zweig vanished for a long
2:30.8	time. Turns out he was writing a book. He's a columnist for the Wall Street Journal.
2:37.1	And he, his first column back from his book writing Sojourn was about the stock market.
2:50.7	And he discovered something really, really interesting. Right. was about the stock market.
	...

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