Don't Trust, Verify
Talking Real Money - Investing Talk
Don McDonald
4.5 • 811 Ratings
🗓️ 28 May 2024
⏱️ 29 minutes
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Summary
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| 0:00.0 | Reality Radio for a really great future. |
| 0:08.0 | We're talking real money. |
| 0:10.6 | Who can you trust? |
| 0:12.1 | I mean, really, who can you trust when it comes to managing your money? |
| 0:18.6 | We have tried to help you find people that you should be able to trust |
| 0:27.2 | for various reasons, their philosophy, their reputation, whatever it might be. But something's come up. |
| 0:38.9 | We need to talk. |
| 0:40.7 | That's why we do this thing called talking real money. |
| 0:44.3 | Hi, everybody. |
| 0:45.0 | I'm Don McDonald's. |
| 0:47.0 | Joining me, because I can't get rid of him, is Tom Cock. |
| 0:50.9 | You're too far away to really do any damage. |
| 0:52.8 | Every time I do it, every time I do a podcast, there is. So it's right there. She keeps showing up. You just keep showing up. It's right there. There is again. Look, there is. I'm in Florida, though. He's in Bellevue, Washington, and you are wherever the heck you are. And we're glad you are wherever the heck you are. |
| 1:12.6 | So what am I talking about, trustworthiness? |
| 1:16.3 | Well, we tend to, we tend to say, okay, |
| 1:21.0 | you want to work with somebody. |
| 1:23.1 | We think you can probably reasonably trust Vanguard to treat you properly, |
| 1:32.6 | Schwab to treat you properly, |
| 1:34.7 | Fidelity to treat you properly. |
| 1:36.8 | And then from there, it gets more difficult to find people who are big, |
| 1:41.7 | who hold themselves out as fiduciaries as people who are really looking |
| 1:49.7 | out for you. Well, now comes this disappointment. A fidelity broker, which is bad that they |
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