Look Farther

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 18 April 2018

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tom continues talking with securities attorney, Lawrence Cock. In this episode:The problem with short term, actively managed funds.Some information on home equity lines of credit and refinancing real estate.How to make decisions around housing when approaching retirement.Waiting on social security collection and weighing the benefits. Choosing between credit card debt and taking out a second mortgage. Clarifying the concept of capital gains. Inheriting benefits from IRAs and the social security grace period. And much more!Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRetiremeet North — http://www.retiremeet.com/Warren Buffett — https://www.biography.com/people/warren-buffett-9230729Lawrence R. Cock — https://www.corrcronin.com/profiles/lawrence-r-cock/HELOC — https://www.bankrate.com/finance/topic/heloc.aspx Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Reality Radio for a really great future.
0:08.2	We're talking real money.
0:10.9	Talking real money dedicated to you each and every week to help you get it right about your money, whether it's saving it, spending it, investing it, throwing it off the cliff.
0:22.4	No, we hope you're not doing that.
0:23.6	We're here to try to help you make common sense decisions about all this.
0:27.6	We try to give you straight up answers without saying, call us and we'll help you.
0:33.2	And we try to do it in kind of a fun manner.
0:36.5	So we're here every week.
0:37.9	Let me give you the telephone number.
0:39.4	It's 855-935-825-825-8-25-9-35-tall-5-tall-9-35 talk.
0:47.8	Now, one of the things that comes up regularly when it comes to your money is,
0:50.8	how much money should I be making on my money?
0:54.1	What should I expect?
0:55.6	You know, and so I'm fascinated when I get to talk to many of you and you say, I want to fire that
1:02.3	guy because I've only made 5%. Okay, 5% over what period of time? Well, I don't know. I made about 5%.
1:09.6	Everybody else made more than I have,
1:11.2	so I got to fire him. That's somewhat of a problem. Then I also ask, well, how much of your money
1:17.0	is sort of out in riskier things like stocks and less risky things like maybe bonds? I don't know,
1:24.2	but I only made 5%. I really got to fire that guy because he doesn't know what he's doing
1:28.1	because my neighbors are all making 10 to 15 or 20 percent. It's easy. Uh-huh. So, and I just met with
1:34.2	somebody very recently who said, I'm going to stick with you guys because you made us 6%. He didn't
1:40.3	know about the 5% conversation. And I said, well, what does that have to do with anything?
	...

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