Sky High Stocks

Talking Real Money - Investing Talk

Don McDonald

Investing, How To, Education, Business

4.5 • 810 Ratings

🗓️ 25 September 2018

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Tom is joined by securities attorney, Lawrence Cock (yes, they are brothers). Today we discuss the Dow’s all-time high at the end of last week, and look back at some of the times in history it plunged. We also talk about financial fraud and avoiding Ponzi schemes. Learn more about your ad choices. Visit megaphone.fm/adchoicesQuestions? Comments? Click!

Transcript

Click on a timestamp to play from that location

0:00.0	Hey Spotify, is Dampson Idris here to celebrate Tommy Hill Figures Apex GP collection.
0:06.0	Fuelled by the thrill of speed and the power of style, Tommy Hill Figures capsule collection merges performance-driven design with limitless confidence.
0:13.0	This isn't just a lot. It's the uniform for those on a journey to achieve their dreams.
0:18.0	Discover Tommy Hilfiger's limited edition, Apex GP Collection, inspired by F1, the movie, only in cinema's June 25th.
0:29.6	Reality Radio for a really great future.
0:35.6	We're talking real money.
0:41.5	Welcome to Talking Real Money. Glad to be here. Tom Cock on duty. Don McDonald. Well, you know, Don has worked every Saturday, basically since
0:48.3	Jimmy Carter roamed the halls there in the White House. So he deserves a day off. He is out with his family today,
0:56.2	actually taking a day to do some stuff with them. So he has, he's just a perpetual worker.
1:02.8	He's always doing something. Today's his day to get out of here. But if you've got questions
1:07.8	about your money, your retirement, anything related to your finances,
1:11.9	I'm right here to answer them. And here's the phone number, 855-935-935 talk. For those of you
1:19.7	are challenged with your phones, like I am, 855-935-825-825-8-258-255-8-25-5. Now, there are those among you who are shaking today because the Dow Jones Industrial Average closed yesterday at 26,743.
1:40.5	Why is that a big deal? Because that's the all-time high. So for the all-time high means the market has to go down from here, right?
1:47.7	It can't sustain itself.
1:49.4	There's all kinds of bad news out there every day.
1:53.1	And in addition to that, September and October are very scary.
1:57.6	Yes, I know Halloween is still over a month away, but this is the season to be
2:02.3	spooked. Let's give you some numbers here. September 1869. This is the original Black Friday.
2:08.9	That's 1869. I wasn't available. Then price of gold down 20 percent stock market went right down with it.
2:16.2	Probably not that many of you can remember that. But how about 1873?
2:20.2	Jay Cook, big financier, said can't pay the bills. That set off one of the worst depressions in
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Don McDonald, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Don McDonald and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.