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Talking Real Money - Investing Talk

Seven Serious "Sins"

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5811 Ratings

🗓️ 11 June 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

When it comes to money, we make a lot of investing mistakes. Today, we talk about: 3:30 The Seven Deadly Sins of Wealth Management 14:59 Seeking a Second Opinion 21:05 Not Making Cash the King & Letting Dollars Be Lazy 22:50 The Purpose of Risk in Investing 32:42 Investing as a Means, Not an End 37:24 Importance of Guidance in the Decumulation Phase 38:43 Stop Dreaming, Start Doing 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 we're talking real money welcome to talking real money

0:13.6

the radio show that becomes a podcast i'm don macdonald tom cox over there with me as usually is, but won't be for a very long time upcoming.

0:24.1

You are going to complain about that until the moment I get out of the country, aren't you?

0:28.2

And then I'll even complain about it after you're out of the country.

0:31.4

Then it's a legit complaint.

0:33.2

Yeah, a matter of fact, I might complain even more.

0:36.3

We're here to talk, well, about your money in a really important and really understandable way.

0:43.5

And I want to set your expectations for today's program at a low level.

0:50.5

Like every other program you mean?

0:52.9

No, no, no, no, no, no.

0:54.7

Lower?

0:55.2

Because lower.

0:56.6

Oh, wow.

0:57.0

Because we're, we're, I'm talking to you via 10 cans and strings.

1:02.8

Basically you are.

1:03.8

I saw this can run right into the room here.

1:06.2

So I'm holding firm.

1:07.0

Because, because we, I have a $5,000 device, as does Tom, sitting right here next to us, called a

1:16.0

Tilein Via.

1:18.0

It's a very, very, very expensive device that takes our voices and does something fancy and sends

1:25.1

them over the internet back to the radio station where it gets

1:28.8

turned back into high quality sound at the other end. Well, I overnighted my via last

...

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