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Talking Real Money - Investing Talk

Not Very Diversified

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2680 Ratings

🗓️ 12 August 2020

⏱️ 7 minutes

🧾️ Download transcript

Summary

The S&P 500 is not the market. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Rated T for Teen.

0:01.7

Each year, thousands of adults lose their shred.

0:05.1

It's an epidemic simply known as shred loss, but it doesn't have to be this way.

0:09.2

Because rekindling your shred is as easy as playing the new Tony Hawk's Pro Skater 3 and 4.

0:13.7

With new parks, cross-platform multiplayer, and sick new game modes,

0:18.9

we can put an end to shred loss everywhere.

0:21.6

Hit the new Tony Hawk's Pro Skater 3 and 4 and show the world that the shred's not dead.

0:25.6

Pre-order Tony Hawk's Pro Skater 3 and 4 and play the Foundry demo.

0:29.6

Reality Radio for a really great future.

0:37.9

We're talking real money.

0:40.6

Hi, I'm Tomcock.

0:42.2

I read with great interest recently a column at Market Watch.

0:45.4

I can't always say that because I disagree with much that is written there.

0:49.2

But Brett Arendes wrote an article about why he doesn't think you should trust S&P 500 index funds.

0:59.3

He said he doesn't care who knows it.

1:01.6

He also said, I know the Bogleheads will come from my scalp because he knows that index funds make sense in the long haul, but he's worried today for the

1:14.5

following reason, points out that five companies make up 23% of the entire capitalization

1:21.1

of the S&P 500. Let me point that again. Five stocks represent almost a quarter of the capitalization of the S&P 500.

1:30.3

So when you put your money in S&P 500 index funds, you're just putting a lot of it in Apple,

1:37.1

Microsoft, Amazon, Facebook, and Google. You may have already knew that. No, that's still better

1:43.0

than taking a shot at Hertz, hoping they'll recover,

1:47.6

rolling your money at Kodak, speculating there, or buying slices of stocks,

...

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