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Talking Real Money - Investing Talk

Protect Yourself

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2680 Ratings

🗓️ 26 September 2018

⏱️ 38 minutes

🧾️ Download transcript

Summary

In this episode, Tom is joined by ConsumerMan Herb Weisbaum in Don’s absence. We talk about pet insurance, free credit freezes and check fraud. In addition, we discuss estate planning and wills; financial advisors, and why you should stick to fee-only fiduciaries. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Reality Radio for a really great future.

0:08.0

We're talking real money.

0:10.5

Welcome back to Talking Real Money.

0:12.3

Tomcock here, Don McDonald, getting a well-deserved day off.

0:17.1

He basically works six or seven days every single week going back 40 or 50 years.

0:25.1

So we decided he should go see his family and that's exactly what he's doing today.

0:29.3

But I am here to answer your questions about all things financial.

0:33.5

Any money related issues you think you have or you're trying to figure out make a decision on something.

0:39.6

You know, it seems like some of the decisions are, I got this money I want to invest.

0:44.2

Should I do this?

0:45.1

Or I'm thinking of hiring this person, should I hire them?

0:48.5

Or I've been told to buy XYZ fund.

0:51.3

Is that a good idea?

0:52.4

We'll try to give you some guidance around all of those areas, and here's the number to do so.

0:57.1

855-935-8-25-8-25-8-55-9-35 talk.

1:05.1

And by the way, we are not here next week, so get your question answered this week.

1:10.2

And I find this fascinating when it comes

1:12.2

to your, and you know who I'm talking to right now, your behavior when it comes to money and

1:17.5

investing. It turns out if you go back a little over 100 years ago, not very many people

1:22.4

invested in the United States. It was like 5%. And there weren't very many things to invest in.

1:29.0

Frankly, you could really only invest in about three things. Canals, railroads, and mines.

1:35.4

I mean, are those things you want to rush out and put some of your money? And most people

...

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