Legal Loan Sharks

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5 • 811 Ratings

🗓️ 18 January 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

We're all over the fiscal place today. After an ad during our radio show we look at the horrible and yet perfectly legal predatory predatory short-term loan business. Then, we try to understand why experts are still advising investors to try to find the right time to buy stocks and consider the psychological effect of bad markets. Plus, we compare whether it makes more sense to buy gold bars or freeze-dried emergency food at Costco. A listener looks for advice on taking a lump-sum distribution or a monthly pension. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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.
0:27.1	18 plus subscription required.
0:28.6	Teas and Cs apply.
0:35.1	Reality radio for a really great future.
0:38.1	We're talking real money.
0:40.8	You know, I was just curious.
0:42.5	We haven't talked about this in a long time,
0:44.5	but I was just curious because I heard a commercial for kind of a payday loan company
0:48.0	or a personal loan, no signature company.
0:50.6	And I wanted to see what the rates were, the interest rates.
0:53.4	How much?
0:54.2	Well, I was just looking at Nerd Wallet, and there were a couple of options there.
0:58.7	One of them has an estimated annual percentage rate, APR, of 160%.
1:04.8	The other is just 91% to 250%. You know, and you wonder how people get stuck and never get out of it.
1:17.4	At 250%.
	...

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