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Talking Real Money - Investing Talk

Myths, Lies, and Mistakes 1-5

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2680 Ratings

🗓️ 13 November 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

In part one of our two-part special: 0:33 Introduction to Myths, Lies, and Mistakes 4:26 Myth One: I Got a Guy 5:21 Myth Two: The Future Can Be Predicted 11:00 Myth Three: Starting Too Late 14:47 Myth Four: Wealth Without Risk 19:02 Myth Five: Believing in Individual Stocks 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.

0:27.0

18 plus subscription required season C's apply.

0:34.9

Reality radio for a really great future.'re talking real money the money industry is well

0:43.0

confusing and it promulgates all manner of myths myths easy for me to say lies and mistakes

0:53.0

and we want to share ten of those with you over the next two

0:59.4

special episodes of the Talking Real Money podcast. Hi, I'm Don McDonald, along with Tom Cock,

1:07.7

and this is a really important topic.

1:11.2

It's a huge topic.

1:12.7

It's one, we have talked about this many times before, that if you can eliminate the

1:18.2

mistakes, just don't do the bad stuff, you'll probably be okay.

1:23.6

You don't have to be a genius in picking stocks or knowing, you know, whatever, all, whatever knowledge you might know, just eliminate the bad stuff.

1:32.0

You probably make money, you have less stress, and you have a decent retirement.

1:35.9

And, you know, the financial services industry is rife with mythology.

1:42.3

It really is.

1:43.6

I've often compared it to alchemy uh uh divination uh it's it's it's

...

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