More Money Q&A

Talking Real Money - Investing Talk

Don McDonald

Investing, Education, Business, How To

4.5 • 810 Ratings

🗓️ 14 November 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Don fields a full slate of listener questions on everything from SGOV vs. high-yield savings accounts to the differences between AVUV and DFSV, why international stocks belong in a portfolio (but shouldn’t dominate it), and whether equal-weighted funds solve the “Magnificent 7” concentration problem. He digs into target-date and bond-fund suitability for short-term money, clarifies what “rules-based” really means for Avantis and Dimensional, and gently deflates misconceptions about long-term international outperformance. Along the way he riffs on talk radio’s decline, teases Tom’s dad jokes, and reinforces the core message: diversify, know your time horizons, and don’t overthink what good academic research already tells us. 0:04 Don opens Q&A Friday and reflects on radio’s slow fade 2:20 SGOV vs. high-yield savings accounts for emergency cash 5:13 Why AVUV and DFSV only overlap ~40% despite similar factors 8:43 Which fund is “wilder”: AVUV vs. DFA small value 9:54 Why international stocks belong in a portfolio—but not overweighted 11:41 Long-term U.S. vs. international return history 14:51 S&P 500 concentration and equal-weight ETF considerations 18:44 Equal-weight vs. small-value tilt vs. rules-based funds 20:07 Where to put 2–3 year money: savings, CDs, BND, or a near-dated target-date fund? 23:13 Better language than “active”: rules-based vs. systematic Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Why are businesses like HelloVet choosing Apple products and services?
0:04.8	So we started the business two years ago.
0:07.2	We had a few people who were used to PCs and this was their first foray into Macs.
0:12.5	But it's been super smooth getting everyone onto those devices and everyone seems really, really happy.
0:18.0	Find out how Mac can help you run and grow your business at apple.com forward slash
0:23.6	HelloVet.
0:31.0	Reality Radio for a really great future. We're talking real money.
0:36.4	Well, it's my favorite day of the week of the podcast week,
0:40.1	and apparently it's also Tom's grandchildren's favorite day of the podcast week for some
0:45.0	strange reason. Yes, ladies and gentlemen, TGIQAF. Not TGIF, but TGIQAF question and answer Friday.
0:56.7	I'm Don McDonald.
0:58.0	So glad you could join me on our little get-together on the Internet, the modern version or the soon-to-be modern version of radio.
1:09.5	Radio, I'm telling you, radio is, it slipsliding away, particularly talk radio.
1:15.9	There's so much more talk and information and conversation and stuff, just great stuff to be
1:23.5	listened to on podcasts, that it has to be hurting informational radio.
1:32.6	And then, of course, Apple Music and Spotify have to be hurting music radio.
1:39.0	So radio is hurting.
1:42.3	There's just so many great things to listen to.
1:45.1	So that's why I love doing the podcast,
1:46.7	and I love this one in particular,
1:48.2	because this is when you get to send your questions in,
1:51.7	and then I get to answer them,
	...

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