Cash Comeback?

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5 • 811 Ratings

🗓️ 8 March 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Every so often, a group of investing "experts" suggest that investing in cash is better than owning stocks. Last year, with rates near zero, that was terrible advice, but what about now? The listeners ask: How do you calculate the minimum distributions for an inherited IRA? Does using an expensive small-cap value fund in a company plan make sense? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Exclusively on Disney Plus.
0:02.0	It's hard and it's brutal and that's what makes it special.
0:06.0	The multi-award winning series, FX's The Bear, is back for a brand new season.
0:11.0	Upon my signal, unleash hell.
0:15.0	And every second counts.
0:17.0	When that shows zero, this restaurant ceases operations.
0:21.8	FX is the bear.
0:23.1	New season now streaming exclusively on Disney Plus.
0:27.1	18 plus subscription required season C's apply.
0:34.9	Reality radio for a really great future.
0:38.0	We're talking real money.
0:40.5	You know, I know time flies when you get old, but wasn't it just last year that
0:46.4	cash was literally trash?
0:51.1	Cash was worthless.
0:52.6	People were saying, well, why am I in cash? And we would say,
0:55.9	the only reason you should be in cash is for your emergency money. They go, I don't even want
0:59.5	to be in cash for my emergency money. Can't I put it in a junk bond fund? Please, oh, please,
1:03.4	oh, please. So I can make more money. Wasn't it just a terrible investment recently, Tom?
1:07.8	It was horrible. And you were making nothing up till about six, seven,
1:11.7	eight months ago, zero. And then all of a sudden, guess what? Interest rates changed and now you
1:17.1	can make a little bit. So, okay, so you can make a little bit, which I'm doing, by the way,
1:21.8	I've got my emergency money in a nice little high yield savings account at found financial or found bank.
	...

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