Best Ignored

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 7 February 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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 "investment" vehicles. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Forgot your wallet?
0:02.3	No problem.
0:04.5	With Samsung wallet, everything you need is already on your phone.
0:08.4	Store your loyalty cards, earn rewards when you spend,
0:11.4	and keep your travels smooth with boarding passes and train tickets ready to go.
0:15.9	You can even tap in on public transport, no unlocking, no digging around.
0:20.1	And yes, your payment cards can live here too.
0:23.1	Safely stored and ready when you need them.
0:25.6	Trouble Light, live smart.
0:27.3	Set up Samsung Wallet today.
0:34.9	Reality Radio for a really great future.
0:38.0	We're talking real money.
0:40.4	Hey everybody.
0:41.9	Welcome to Talking Real Money.
0:44.1	So glad you could join me, me, as Tom is away this weekend.
0:50.8	He has taken a little birthday trip with his wife to Las Vegas where he saw Carlos
0:56.0	Santana last night and is going to see a comedian tonight and then he told me he was going to go
1:01.5	gamble. And Tom's not a big gambler, but there is one area on which he'll gamble and that is
1:09.8	sports, I think. I'm sure he's
1:12.4	over at the sports book. That's what he said he was going to do. He was at least going to gamble for
1:16.1	somebody else. He probably won't for himself. I wouldn't. I just don't. I'm a terrible gambler.
1:23.3	I lose money all. Whenever I gamble, I lose money. I just don't like it. I don't enjoy losing. I mean, I don't, 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. Gambling is a losing proposition.
	...

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