Myth, Lies, and Mistakes Part 2

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 14 November 2024

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the second past or our special edition: 0:27 Introduction to Myths and Mistakes 3:07 The Importance of Diversification 9:35 Debunking Investment Complexity 12:06 Understanding Risk in Investing 15:26 The Zero Sum Game Myth 17:42 Recap of Key Myths and Mistakes 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 season C's apply.
0:34.9	Reality radio for a really great future.'re talking real money previously on talking real money
0:42.3	i've always wanted to say that uh in the last episode of talking real money we talked about
0:47.9	five big myths wise and mistakes people make when it comes to dealing with or learning about money.
0:57.7	So we had those, I think it was yesterday, previous podcast, look for that one. And this one,
1:03.4	well, in this one we're going to share numbers six through 10. And let me get started. I'm Don
1:09.4	McDonald, Tom's over there. Let me get started with
1:11.7	number six. How many times have you spoken with someone in a particular industry? And I really
1:18.2	don't care what it is. If they believe themselves to be experts in their field, they tell you,
1:26.5	well, you know, you get what you pay for.
1:30.5	Well, folks, in the financial services industry, that is absolutely untrue.
1:36.1	As a matter of fact, the more you pay, generally speaking, the less you make.
1:43.5	Let's just use an example.
1:46.8	Let's say we have a commissioned.
	...

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