Even 500 Is Too Few

Talking Real Money - Investing Talk

Don McDonald

Investing, Education, Business, How To

4.5 • 810 Ratings

🗓️ 18 February 2026

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Don and Tom tackle S&P 500 concentration risk and the dominance of the Magnificent Seven, explaining why diversification still matters despite compelling active management narratives. They clarify the difference between currency and investment in a pointed Bitcoin vs. U.S. dollar discussion, then pivot to fixed income strategy—highlighting why low-cost, large-scale bond funds like BND often outperform higher-fee “active” alternatives that quietly take more credit risk. Listener calls cove...

Transcript

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0:00.0	Reality Radio for a really great future.
0:08.0	We're talking real money.
0:10.3	Hello everyone.
0:11.7	Welcome to talking real money.
0:14.1	What do we talk about?
0:15.6	Well, money.
0:17.1	Really?
0:18.0	I'm Don McDonald.
0:19.8	Tom Cox over there somewhere. I'm pointing over somewhere and he can't even see me. We are having, well, this fits perfectly into the day I've been having all day. So it's just one more thing. Technical difficulties, bizarre stuff, problems, just stuff, just things. We're just...
0:44.3	We're here to alleviate your financial problem. Not mine, but yours.
0:50.6	I have no time for that, but others. But here's the thing.
0:56.0	It's really easy to get us to help, even if the other stuff doesn't work.
1:00.6	It should be really easy because all you have to do is call us at 855-935-8-255, which,
1:09.7	making it even easier, that spells talk.
1:12.6	T-A-L-K.
1:14.2	So, let's talk about your money, about investing it, about spending it, about saving it, about
1:19.2	how you earn it, how you can earn more of it, how you can invest it better.
1:22.9	We do a lot of investing better.
1:24.8	One of the biggest reasons why we do a lot of talk about investing better is because
1:30.1	there's so much information out there.
1:34.1	There's a lot of misinformation out there about investing.
1:38.9	And one of the areas where we kind of get a little frustrated with investing is this whole concept of the S&P 500,
	...

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