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Talking Real Money - Investing Talk

Query Day

Talking Real Money - Investing Talk

Don McDonald

Education, Investing, Business, How To

4.5811 Ratings

🗓️ 29 August 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

Don fields listener questions from Asheville in this Friday Q&A edition. Topics include calculating investment returns with XIRR versus simple time-weighted methods, rebalancing U.S. vs. international allocations in a Vanguard portfolio, whether children can have multiple custodial accounts (and why 529s may be better), AVGE versus VT and why factor tilts matter long-term, and a skeptical look at Frank Vasquez’s Risk Parity Radio strategy that leans on commodities and “golden ratio” portfolio construction. 1:03 How to calculate investment returns (XIRR vs. time-weighted) 4:19 Portfolio allocation: VTI + VT + BND vs. simpler mix 7:10 Custodial UTMA accounts vs. 529s 9:24 AVGE vs. VT: expense ratios, factor tilts, long-term logic 15:06 Frank Vasquez and Risk Parity Radio critique Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Reality Radio for a really great future.

0:08.0

We're talking real money.

0:09.9

Yeah, look, it's a Friday.

0:12.2

I think it's, yes, it's a Friday.

0:14.0

I'm pretty sure it's a Friday.

0:15.5

If I sound a little echoy, it's because I'm recording this Friday edition of the Talking

0:20.5

Real Money podcast from a hotel room in Asheville, North Carolina, which was where I had to record it based on my schedule.

0:28.1

So we're going to be doing the thing we do every Friday, and that is taking your questions that were sent in at Talking RealMoney.com on the contact form that you recorded and spoke,

0:40.5

and then answering them on the podcast, which is one of my favorite podcasts.

0:45.3

So send those questions in, Talking RealMoney.com.

0:48.6

Also remember every Saturday, you can call us on the radio when we talk about money on our program

0:53.9

at 855935-Tac-5-935-8-25-5.

0:59.1

Do that on Saturdays at 3 p.m. Eastern Time.

1:02.9

But most of the questions just send in through TalkingRealMoney.com.

1:06.4

You can type them. Can't tell you for sure when we're going to answer those.

1:09.5

Or if you speak them,

1:15.7

I'm pretty confident those are going to get answered on a Friday in the next couple of weeks,

1:22.4

next few weeks. So let's get to our first one for today, which is, well, look, there it is right there.

1:28.5

Hi, Tom and Don. I really enjoy your podcast. Your wisdom has helped me be prepared for my retirement, which I recently pulled the trigger on in my late 50s. I'm comfortable with my retirement plan as I have good

1:33.7

control of my spending, and I built what I think is a comfortable safety factor into my projections

1:38.2

of inflation and investment growth. I'm also quite analytical and enjoy tracking my spending

1:43.5

and investments annually, which brings

...

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