reality radio for a really great future we're talking real money hey thank you for being part of

talking real money here every week to help you better understand money investing how to spend it

how to save it and how to have a grow for your future. I'm Tom Cock. Don McDonald has the day off as he visits his mom, which if we can do that, we all should do. So he should be praised for that. Or maybe he just got tired of being here every Saturday with me. I don't know. But he'll be back next Saturday. It's a holiday weekend, but we'll both be here to

talk with you about money. And if you have any of those questions, I'd love to be the guy that

talks to you. 855-935-935 talk. It's a little less crowded in here. Maybe you can get a few more words

in edgewise. 855-935825.

And before we get to the calls, and I want to thank Rich for hanging on, we'll get to you in just a couple minutes here.

But all this discussion about alternatives and private investments and non-traditional assets and this stuff that the president has now signed an order, allowing 401Ks to put this into their plans,

which you've heard me before say, I do not favor.

I don't think it's something you need, and I don't think it's something you want to invest in. But it brings beyond the risk of those investments, and by their very nature nature they need to be riskier than publicly

traded investments right because these are things that have locked up your money and you can't get

at it that's the part that i think people have a tendency to forget and you're seeing that now

and an interesting piece if you're a reader of the wall street Journal, Jason Zweig, who's one of our favorite writers, yesterday came out with a piece that talked about major colleges and universities.

With endowments of $5 billion or greater have two-thirds of their money in these alternatives, private funds, non-traditional assets.

And guess what's going on right now with the president threatening to cut off their funding,

these elite institutions such as Brown, Columbia, Cornell, Harvard, Northwestern, are having to go out and borrow money,

even though, listen to these endowment sizes.

I had no idea that they'd gotten this big.

It's the, Harvard has an endowment of $50 billion, northwestern, $14.3 billion, but they don't

have enough to come up with $500 million.

Now, some of the endowments obviously can only pay certain things.

They can't pay into the general fund.

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