Fee Clarity is Critical

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 16 May 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A major new study found that investors care more about fee transparency than the return from their investments. It turns out that investors want the truth from their financial advisors. Yet, the financial industry continues to lie and obfuscate. Then, after Tom suffers a technical breakdown, Don takes calls: Is there a way to set up a 401k transfer before leaving a firm? How can misplaced IRA funds be recovered? Where are all the jobs? Thanks for a great show. Would the total market or a small-cap value fund be a better investment? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

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.
0:27.0	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	Hello everyone and welcome to talking real money.
0:43.9	I'm Don McDonald and this is the place where we try to make money just a teeny tiny
0:49.2	bit easier to understand and deal with.
0:51.7	And if you have a question that has something to do with money,
0:56.2	or you'd like to share something that you think is amazing, that's financial, give us a call at
1:01.8	855-935-935-8-5-935-825. So it's that easy. And Tom's right there. I'm over here. I'm Don McDonald. That's Tomcock. And you're there. We appreciate you being there. And we have been, well, we've talked about a huge facet of the financial services industry, a huge part of it for a very, very long time.
1:30.0	It's the fees. You know, you have to pay somebody to do stuff for you. It's just the way the
1:37.1	world works. Used to be barter. Used to be somebody to give you a little advice, you give them a chicken
1:41.5	or some eggs or some milk. I might take that
1:45.8	at this point. And you didn't have to pay taxes on it. Then the government figured out, hey,
1:50.1	if we make money, then they have to pay taxes on it. No, I don't think that was the reason.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Don McDonald, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Don McDonald and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.