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Talking Real Money - Investing Talk

Magical Thinking?

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5811 Ratings

🗓️ 11 January 2023

⏱️ 20 minutes

🧾️ Download transcript

Summary

A few mutual funds turned a profit in 2022. Are the managers magicians? Investors need to face reality. No one has a secret (legal) way to make you lots of money in good markets and lose you nothing when they turn bad. Plus, a listener wants to know the best way to build the best portfolio in his 401k? 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

0:24.6

on Disney Plus.

0:27.0

18 plus subscription required

0:28.5

Teas and C's apply.

0:34.9

Reality radio for a

0:36.7

really great future.

0:38.0

We're talking real money.

0:41.2

Do you, do you, do you, do you believe in magic?

0:46.8

I don't think you really do.

0:50.2

I mean, a few of you might.

0:52.0

A few of you, you know, I mean, illusionists don't believe in magic.

0:56.3

It's not magic. It's an illusion. It's a trick. But I guess a couple of people, and I don't want to offend you, but a couple of people who really haven't thought things out. That's the nice way I, yeah, yeah, that's the nicest way to put it. You really haven't thought things out. A few people believe in magic, but most of us do not,

1:15.1

except when it comes to managing money. For some reason, we believe that there are people with

1:24.5

magical powers that can, in a bad year make money.

1:32.1

Now, there are people who in a bad year made money last year, 2022, but what was, was it skill or was it dumb luck?

...

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