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Talking Real Money - Investing Talk

Real Investing is Hard

Talking Real Money - Investing Talk

Don McDonald

Investing, Education, Business, How To

4.5810 Ratings

🗓️ 13 December 2023

⏱️ 42 minutes

🧾️ Download transcript

Summary

A new academic study concludes that you might be better off avoiding bonds. Tom and Don discuss whether a strategy that potentially risky makes sense for you. We discuss the sorry state of most investing advice, including that from financial psychics. Then, we hear from listeners: Is gold a good investment? What do we think of the "investment" advice provided at a free Italian dinner? Learn more about your ad choices. Visit megaphone.fm/adchoicesQuestions? Comments? Click!

Transcript

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0:00.0

Reality Radio for a really great future.

0:08.0

We're talking real money.

0:10.9

You know, there was once a play, a musical, movie, with a song about money.

0:27.7

And it very aptly stated that it is money that makes the world go around. Money makes the world function. We don't... We don't... We don't barter. We do not barter much. I mean, you know, if you live

0:41.9

in a farm, you might barter a little, but we use money for everything. And yet, we do not devote

0:50.3

the time or the effort needed to truly understand it.

0:55.1

We just take what we believe are experts' word for it, and we follow their advice

1:04.0

sometimes blindly into a giant crevass or crevice or a cave or big hole in the ground or

1:14.1

cave i prefer cave i like cave i'm good with cave into a pit into a pit and um we read all that

1:21.5

stuff we try to read a lot of that stuff so that we can call them out on it on it.

1:29.3

But one of the things that...

1:30.3

It's a lot there.

1:31.2

Yeah, lately, there have been a lot of scrooges.

1:35.2

And you, you, all of you may be among them when, you know, you are saying, bonds, humbug.

1:43.5

I don't need no stinking bonds in my portfolio.

1:47.2

What are they good for?

1:48.6

Just give me stocks.

1:50.4

And then, of course, you get experts coming out and saying,

1:53.6

Wait, wait, experts.

1:55.7

Okay, people who think they know a lot coming out and telling you,

1:59.8

you're right.

2:03.5

We call that pandering, but they're telling you you should be just in stocks.

...

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