Question Day!

Talking Real Money - Investing Talk

Don McDonald

Education, Investing, Business, How To

4.5 • 811 Ratings

🗓️ 25 July 2025

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Don flies solo for another Question-and-Answer Friday (not Freaky Friday… despite Hollywood’s best efforts). Listener questions cover everything from Roth IRA choices for young investors to tax loss harvesting and reducing portfolio volatility with bond allocations. Don breaks down the pros and cons of popular ETFs, explains the benefits of tilting toward small and value, and gently guides a listener away from a pricey Fidelity fund. He also reaffirms that tax loss harvesting is a two-account job and urges investors to rebalance based on total portfolio risk—not just account type. 0:04 Don rails against yet another Freaky Friday reboot 0:58 Why diversification beats chasing past winners like VTI or VONG 3:41 Small-cap and value tilt: the long-term case 4:45 Why international stocks still matter (volatility control > return chasing) 5:58 Bond options in a 401(k): FXNAX vs. stable value vs. combo 6:59 Should you count brokerage and HSA balances in your allocation mix? 8:20 Stable value is not "guaranteed" value—what you need to know 10:09 Can you tax-loss harvest in two different brokerage accounts? (Yes!) 12:51 FBGRX: Not terrible, just suboptimal. Here’s what to do instead Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Race the rudder, raise the sails, raise the sales!
0:05.0	Captain, an unidentified ship approaching. Over.
0:07.0	Roger that. Wait, is that an enterprise sales solution?
0:13.0	Reach sales professionals, not professional sailors.
0:17.0	With LinkedIn ads, you can target the right people by industry, job title, and more.
0:21.4	To get £100 off your first campaign, go to LinkedIn.com slash lead to claim your credit.
0:26.6	That's LinkedIn.com slash lead. Terms and conditions apply.
0:35.0	Reality Radio for a really great future. We're talking real money.
0:40.3	Well, welcome to another question and answer Friday.
0:45.2	Q&A Friday.
0:47.2	At least it's not Freaky Friday or freaky or Friday.
0:52.5	I just went to see the Superman movie because there really aren't any good movies in the theaters, but it was closest we could get.
1:00.0	And there was a trailer for a sequel to the apparently 1001 Freaky Friday movies.
1:08.4	How?
1:10.1	I just couldn't bring myself. I could not possibly drag myself into a theater
1:14.8	to see that. Do you know how many freaky Friday movies there have been?
1:19.1	First one was in 1976. Since then, there have been a total of seven of them.
1:28.0	We need original ideas.
1:30.5	He says as he gets ready to do another question and answer episode,
1:34.2	just like every other question and answer episode,
1:36.7	except with different questions,
1:38.2	many of which will probably be the same as previous questions.
	...

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