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Talking Real Money - Investing Talk

Black Friday Q&A

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5811 Ratings

🗓️ 28 November 2025

⏱️ 19 minutes

🧾️ Download transcript

Summary

A light Black Friday edition tackles four listener questions covering Vanguard’s Digital Advisor, the timing of Social Security versus IRA withdrawals, whether to swap target-date funds for a VT/BND mix, and the wisdom (or lack thereof) of adding managed-futures ETFs. The show ends with a look at whether international bonds meaningfully improve diversification (answer: barely). The through-line? Keep investing simple, avoid expensive complexity, and stick with risk-appropriate, broadly divers...

Transcript

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0:00.0

Reality Radio for a really great future.

0:08.0

We're talking real money.

0:10.2

Well, I've been sitting here in my office slash studio debating with myself whether or not to do this Friday edition of talking real money.

0:20.9

Why am I debating it?

0:23.1

Well, because this Friday, aka Black Friday, is a pseudo-holiday.

0:32.6

Basically, not a lot of people work on the day after Thanksgiving because it's a Friday between Thanksgiving and a weekend.

0:41.6

So it becomes a four-day weekend.

0:44.1

So I was going, gee, do I want to do a Q&A podcast when the audience is likely to be pretty small?

0:51.1

It's one of the reasons we don't do holiday podcasts. We, you know, we didn't do one for

0:55.9

Thanksgiving because who's going to be listening to our podcast? Just not very many people.

1:02.0

Plus, we need a break every once in a while, too. So I thought, maybe I'll just save the questions

1:06.5

and not do a Black Friday podcast. But I thought, eh, I'll keep you company as you go out doing whatever crazy things you do on this day after Thanksgiving with a few questions and answers.

1:20.6

So I'm going to do fewer questions.

1:22.2

I'm just going to do four today so that even if we don't get a lot of questions over the holidays,

1:28.3

we'll still have enough for next week's episode.

1:30.6

So, we'll get to the question in a minute.

1:33.8

Let me remind you how to ask your questions.

1:36.6

You go to talking realmoney.com, our website,

1:39.9

and there's a button that says contact us,

1:42.2

and you click on that, and it brings you to a form.

1:44.3

The form has a place where you can type a question or a little microphone thing where you can record a question using your computer mic or your phone mic or whatever.

1:54.9

The recorded ones go on this show, the Friday show.

...

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