The Power of Cash

Talking Real Money - Investing Talk

Don McDonald

Investing, Education, Business, How To

4.5 • 810 Ratings

🗓️ 3 October 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

We start with Don's update on Hurricane Ian, the we consider the many imroved opportunities for investing you short term cash. After that, we are innundated with questions: How can a 401k be slowly liquidated when an employer requires the whole account be closed? What should be done with some old American fund shares in IRAs? My advisor forgot to send some paperwork. Is there a cure for a bad case of 'hodgepodgitis?" How should a TSP portfolio be allocated? Plus, Tom feels compelled to...

Transcript

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0:00.0	Reality Radio for a really great future.
0:08.1	We're talking real money.
0:10.4	Yeah, if you're one of those like Tom who is whining about no rain in your part of the country,
0:16.5	we're sorry, we took it all.
0:19.3	We got every single bit of rain that was allocated for the entire North American continent, and we dumped it all on Florida.
0:27.7	It's all right here.
0:28.2	And you did it all in like 18 hours or something.
0:30.8	One day.
0:31.6	One day we got so much at my house, we got about 16 inches of rain in one, count them, one day.
0:41.3	And is that the reason that stocks went down so much this last week, last month, last quarter to?
0:48.2	Yeah.
0:48.6	I'm just trying to make sure they were waterlogged.
0:50.3	They can't float.
0:51.4	They can't float.
0:52.4	They couldn't float.
0:53.3	No lift.
0:53.9	No, they went down, straight down, sunk to the bottom of the Gulf of Mexico.
0:57.1	Absolutely.
0:59.8	That explains everything.
1:01.4	So you've pretty much broken the code and explained the entire financial industry to our listeners.
1:07.9	So thank you all for making a part of the program.
1:10.3	I'll see you later.
	...

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