Their Best Advice?

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5 • 811 Ratings

🗓️ 18 January 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The SEC claims that all "financial advisors" are supposed to act in your best interests and fully disclose any conflict of interest (including high fees, commissions, and expenses). Yet, high-cost, dangerous financial products are still being offered by the many billions of dollars. What can be done to protect you? Merv from Denver is back to take Don to task for his "misleading" comments about cryptocurrencies. Surprise, he failed to change Don's mind. In fact, we have even more anti-crypto information. Tangent: What's a Hokie? Listeners ask: Can he still make contributions in a Roth with a 401k? How can massively appreciated stock be sold to avoid taxes? When should money be withdrawn from retirement accounts? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Reality Radio for a really great future.
0:08.0	We're talking real money.
0:11.5	All right, Tom, you've got to do the rest of this hour.
0:13.8	I'm sorry, I have to leave.
0:15.0	I just realized.
0:16.5	Okay.
0:17.4	Ready to go.
0:17.9	Turns out.
0:19.5	You all know I live in Florida, right?
0:22.4	Now, this will only be relevant to those listening live.
0:25.8	If you're listening to the podcast, this already happened.
0:28.2	But at 555, we in the show at 5 p.m. Eastern, 2 p.m. Pacific or at 255 Pacific time,
0:37.1	SpaceX is launching one of their big honkin rockets.
0:43.3	The Falcon Heavy, the Falcon Heavy, which is like huge. And it's at 555. It's 55 minutes after the show.
0:52.1	And to drive from my house to Port Canaveral is an hour and 10 minutes.
1:00.1	They got to hustle a little bit.
1:01.5	I'm not going to make it.
1:03.0	We tried that once.
1:04.5	Remember when I was there?
1:05.3	Yeah, they canceled the launch.
1:07.3	Yeah, I was disappointing.
1:09.0	Not really sad like my career. They canceled the launch. Look, I was disappointing. Not really sad.
	...

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