Your guides to a really great financial future.

Tom and Don are talking real money.

You don't like the rules?

Change the rules.

Apparently that's how rules work these days.

Rules are made to be followed until they're inconvenient or until they

might cost your index some returns. Hi everybody. Welcome to the Talking Real Money, exciting podcast.

I am one of your two hosts. I'm Don. That guy over there who wears a tie to these things. He dresses up for a podcast. He's the only guy in America who dresses for a podcast. Wait, there's nobody watching this? Joe Saul Seahy doesn't. No, there is no one watching this. Oh, that is shocking. I don't know why we record video. We do. We record video, but we never use it.

Tragic.

No, it's definitely not tragic.

We were meant for podcasting.

We are podcast people.

I hope my great grandkids aren't listening to this going, wait, what do they mean by that?

What?

That is meant for podcasting. What the heck is that supposed to mean? It would be your great, grandkids. Your grandkids will know. They'll know. They're growing up with podcasting. Maybe the greats are the great greats. No, I'm saying that they hear the comment that I was made for podcasting, not for television. That's the inference I'm taking from. They know. They know you. They see you. They're listening to this 50 years from back. No, and they've seen you. They've seen you before. They go, they're pictures of grandpa. Yeah. No, you're right. He was made for podcasting. All right. Smart guy. What am I talking about? Making, making rules and then breaking rules. Now, there's this concept that we have sort of been an advocate of, which is index mutual funds, indexed mutual funds, mutual funds that follow a set index. Typically, that index is like the MSCI, the total world market, or the S&P 500, not our favorite, but at least, you know,

these are all rules-based methods to buy investments.

You buy a portfolio that has been created based on a set of rules.

Well, today, apparently, some folks don't like the rules,

particularly when it comes to the S&P 500 and Space X. Well, they don't like it because they

believe it's going to mean the index in my mind, this is why, isn't going to make as much a lot of other people are going to make. They're going to say, wait, the S&P 500 is underperforming this year. This is fascinating because if you ask the average investor, they're going to tell you, I'm in the S&P 500, so I'm diversified. And then you ask them what the S&P 500 holds.

Oh, you know, all the stocks. Yeah, it doesn't. It holds supposedly the largest

companies in America based on market capitalization with a couple of rules. The rules are things like we don't, we have, we wait a year before we let a new stock

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