Retiree Ripoffs

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5 • 811 Ratings

🗓️ 6 April 2026

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode shifts from investing to the growing threat of scams—especially targeting older adults—breaking down how common fraud tactics work, from fake virus alerts and spoofed calls to AI-driven voice cloning and recovery scams. Don and Tom emphasize a simple but powerful rule: if you didn’t initiate the contact, assume it’s a scam, and never act under pressure. The conversation then pivots to listener questions, covering how to construct a globally diversified portfolio with proper U.S./...

Transcript

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0:00.0	Your guides to a really great financial future.
0:09.0	Tom and Don are talking real money.
0:12.9	All right, folks, it's time to talk about scams again.
0:15.6	I know we talk about scams every once in a while.
0:18.3	We talk about investing more, though, so this is a change of pace.
0:22.4	And the older we get, it seems the more likely we are to fall for scams. And this, I guess,
0:31.6	comes with the aging process, losing some of our cognitive ability. But these are pretty obvious scams.
0:38.2	And you need to be aware of some of the tricks that these guys and gals, mainly guys overseas,
0:45.1	pull to try to get you to hand over your money.
0:49.1	And darn it if you aren't doing it.
0:51.2	So stop it.
0:52.4	We're going to teach you a lesson.
0:53.8	Welcome to Talking Real Money, the podcast, which is all it is now.
0:59.7	It's not a radio show anymore.
1:02.1	It's just a podcast.
1:03.7	Well, just a podcast is global.
1:06.5	Radio show is local.
1:08.3	Anyway, why am I digressing?
1:10.0	I'm Don McDonald, and that's Tomcock, right there.
1:13.9	That dude in the Seattle, Bellevue area, talking, not at all.
1:21.1	I'm waiting for my time to talk.
1:22.9	I wasn't sure when I was supposed to jump in.
	...

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