No Way to Know

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 26 February 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Overconfidence is a financial killer. Far too many of us are certain that we know the direction of interest rates because there are just two choices: up or down. But, it's still just guessing. You can't know any part of the future. Then, listeners ask: What is the maximum number of clients an advisor can properly service? What do we think of Phoenix Capital Group? 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.
0:34.7	Reality Radio for a really great future.
0:38.0	We're talking real money.
0:40.3	Are you fed up?
0:42.3	Are you fed up to hear with the Fed, fiddling around with your funds?
0:49.9	Are you sure that interest rates are going to go some way, that way, or maybe it's that way?
0:57.0	Are you absolutely positive that the Fed is going to do X, Y, or Z?
1:02.0	Don't know what Z.
1:02.6	Well, I guess Z would be just not do anything.
1:04.6	No, X is raise rates.
1:06.1	Y is keep them the same, and Z is lower them.
1:09.5	Everybody seems to have an opinion about the Fed and interest rates.
1:15.5	And, you know, love them or hate them, the Fed does impact very short-term interest rates.
1:24.2	Let's make that perfectly clear from the get-go.
	...

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