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Talking Real Money - Investing Talk

Old Fund Idea Fails

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5811 Ratings

🗓️ 7 August 2024

⏱️ 41 minutes

🧾️ Download transcript

Summary

Don joins Tom from a dairy farm in Elk, Washington to explore the history and structure of closed-end funds. They discuss a recent fund by Bill Ackman, highlighting high fees compared to ETFs. Listeners seek advice on simplifying their portfolios with recommended funds like AVUV, AVGE, and VT. Don and Tom suggest allocation strategies based on risk tolerance and financial goals, stressing the importance of comprehensive planning with varied income sources. The conversation shifts to retiremen...

Transcript

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0:00.0

Reality Radio for a really great future.

0:08.0

We're talking real money.

0:10.6

Hello again and welcome to the show again.

0:12.9

I'm Don McDonald.

0:13.8

This is Talking Real Money on the road again, or still on the road.

0:19.0

Today, coming to you live from the Dairyland Farms in beautiful Elk Washington.

0:25.4

I had never heard of Elk Washington until yesterday.

0:28.4

And now you're going to milk it for all its worth, apparently.

0:34.0

Well, yeah, it's telling people where we are on the road.

0:41.9

Oh, a joke. Oh, I get it dairy farm tom is so funny he is so funny thank you hope you can call us and take him on at 8555-935

0:52.2

talk that's 855 9355-8255 but I wish you the best because I've tried for years and

0:59.4

that's had no impact whatsoever so I'm leaving it all up to you 855 935 talk give us call

1:05.8

we've got definitely got lines open and this is simmer simmering summer summer summer standard this is the summer

1:15.2

standard for the show because it's not raining in the seattle metro area today no and none even

1:22.4

forecast right now if you look 10 days out or two weeks out or whatever, none. It's warm. It's warm. Yeah. But not killer warm. So in this hour, in this episode,

1:34.4

we want to talk about something that has been around for a long time, a long time. I mean, a really long time, a type of investment vehicle that dates back to the middle of the 19th century.

1:56.5

Seriously.

1:58.0

Has it been that long?

1:59.3

Wow.

1:59.8

Yeah.

2:01.4

There's a company by the name of Adams Express.

2:05.8

Its symbol is ADX.

...

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