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Talking Real Money - Investing Talk

Reverse Realities

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2680 Ratings

🗓️ 19 July 2018

⏱️ 32 minutes

🧾️ Download transcript

Summary

A caller’s reverse mortgage problems.How to invest some extra money.Determine your risk tolerance.Only buy the best stocks.Picking stocks is not the same as drafting sports players.Taking out the elements of luck and prediction in investments.Your risk tolerance should guide your investments.Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comBetter Retirement Guidebook — https://www.retirebetterbook.com/Acorns — https://www.acorns.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Your guides to a really great financial future.

0:05.6

Tom and Don are talking real money.

0:08.9

855-935-8-25-5-9-35-5-2-5-tall-tall number 8-55-5-9-3-5.

0:15.4

And let's see, let's go to the phones.

0:18.9

Pat, you're up next.

0:19.8

Welcome to Talking Real Money.

0:21.9

Well, hello.

0:23.6

Hi.

0:24.7

I didn't know I'd get on so fast.

0:28.0

Hey, we don't mess around.

0:30.3

Hey, you're okay.

0:32.9

I'm calling about, I got a reverse mortgage from Wells Fargo about turning radio down

0:41.6

it'll help about eight years ago and I got a full um as much money as I could get

0:51.9

out of it and it was for the divorce my ex told me to get a

0:56.7

reverse mortgage so he would get some money and I would get some money because the

1:01.3

house needed repairs and you didn't think we could sell it okay all right so now yeah

1:10.4

now now what's my turn or yours it's yours All right. So. Now. Yeah.

1:12.7

Now what's the... Is it my turn or yours?

1:13.9

It's yours.

1:14.9

It's yours.

1:15.9

What it is is, well, Fargo has sold my reverse mortgage to champion mortgage.

1:24.1

Mm-hmm.

...

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