It's Just Capitalism?

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 13 June 2018

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Don’s beef with most of the people, not all of the people, who sell financial services is that they don’t regularly tell the truth, the whole truth and nothing but the truth. The reason being, that they are paid to obfuscate. In this episode, Tom and Don discuss the misleading nature of many of the sales pitches out there today. The phrase, “It’s just capitalism,” so often heard when it comes to shady business dealings, is just no excuse! By the end of this episode, you’ll have some helpful tools in your pocket to help you find out whether you are being bamboozled by your brokers.Misleading financial services sales pitches.Equity index annuities: Are they really that great?Why you need to be aware of surrender charges.Helpful tricks to find out whether you are being bamboozled.Should financial decisions be based on the concept of caveat emptor?Why the phrase “It’s just capitalism” is not excusable.Somebody shouldn’t have to win, somebody shouldn’t have to lose.Tom and Don’s beef with bank brokers and wealth managers.More insights on the 529 GET Plan and DreamAhead program.Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comCaveat Emptor – https://consumer.findlaw.com/consumer-transactions/what-does-caveat-emptor-mean-.htmlTom Cock – https://www.linkedin.com/in/tom-cock-846234b/Bank Rate – https://www.bankrate.com/CNL Bank – http://www.usbanklocations.com/cnlbank-34427.shtmlDreamAhead Plan — https://www.get.wa.gov/savings-plan529 GET Plan – https://www.get.wa.gov/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Oh, that's my prime delivery.
0:01.6	What, already?
0:02.7	Only one thing can match the buzz of Prime's fast delivery.
0:06.2	And that's the buzz of Prime's entertainment.
0:09.0	What are we watching?
0:09.7	Heads of state, that new action comedy with Idris Elber as the Prime Minister,
0:13.3	John Sina as the president, and Priyanka Chopra Jonas, as their only hope.
0:17.0	It looks like a blast.
0:18.3	From fast delivery to explosive entertainment, it's on Prime. For only
0:23.0	$899 a month, join now. Content includes limited ads, subscription or to renews. For more information,
0:28.2	go to amazon.com.uk.U.K. slash prime.
0:35.2	Reality for a really great future.
0:38.2	We're talking real money.
0:42.9	And hi.
0:45.0	Am I there now?
0:47.4	Because I still don't hear me on my headphones, but that's okay.
0:52.2	You don't have mine on either.
0:54.2	Someday. You know. that's okay you don't have mine either we're someday
0:57.3	you know
0:58.2	it we do the best we can
1:01.7	I'm Don McDonald
1:02.9	Tom's not here
	...

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