The Power of Luck

Talking Real Money - Investing Talk

Don McDonald

Investing, Education, Business, How To

4.5 • 810 Ratings

🗓️ 19 September 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Don returns to the mic and explains his recent surgical absence (and catches some flack for his disdain for emergency room procedures). Then, we discuss the recent improved performance of active mutual fund managers. Could it simply be luck? Plus, Robin Hood is creating a stupid trader index. From there we take listeners questions: When should a 529 plan be funded? Immediate joint annuity...? Moving money to Fidelity. How should he switch to indexes. Learn more about your ad choices. Vi...

Transcript

Click on a timestamp to play from that location

0:00.0	Reality Radio for a really great future.
0:08.1	We're talking real money.
0:10.4	Well, hello, everyone.
0:12.8	Welcome to the show.
0:15.7	I'm going to explain what's going on.
0:17.6	I'm just going to, I'm going to get to it in a minute.
0:20.2	Hi, everybody.
0:20.6	I'm Don McDonald, on talking real going to get to it in a minute. Hi, everybody. I'm Don
0:21.0	McDonald. I'm talking real money over there in the aircraft hangar in his B-17 t-shirt,
0:27.7	because apparently just got off a mission, is Tom Cock. Hello. How was the weather over Germany,
0:34.2	sir? You have scattered clouds, you know, 30,000 feet. It's cold with no air conditioning. A little flak above. A little choppy. Above Munchen. Hamburg. Anyway, I'm done. That's Tom. This is talking real money. But we're going to talk about something else for a minute, just for a second. We're actually in today's episode going to talk about this.
0:54.8	Luck. There's luck. There's every, luck is part of life. There's good luck and there's bad luck.
1:01.4	My newest motto, stolen from somebody famous, if it wasn't for bad luck, I'd have no luck at all.
1:09.1	Excuse me, apparently in this summer of my discontent, as I'm calling it, because I just want to let
1:15.2	you know a little bit about what's because one of the nice things about talking real money
1:19.1	is that this has always been more familial than financial.
1:26.3	Than financial.
1:26.9	More familial and financial. Is that better? I don't know. I got to take this off for a minute. I have to hold my neck still. First show I've ever done with Darth Vader. You look good, by the way. The reason I'm taking off a neck brace for a minute. Please be careful. It's really, really, really hard to talk with a neck brace on. It holds your mouth. So I'm going to hold my neck really still and hope all the cables. Don't get caught in it. I'm going to reach. I'm going to just hold your head steady. Just a second. I'll tell you a story. Let's talk about luck for a minute. And, you know, you all know my brother died a couple months ago. You went through all that.
2:03.9	Anyway, so I thought, hey, okay, my luck's going to turn. Then Friday morning, Friday morning,
2:08.3	Tom knows this feeling. I knew instantly that I had a retinal tear. You know, you could see the weird stuff.
2:18.5	Yes, it's no fun.
2:20.1	So I called the doctor.
	...

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.