Ups and Downs

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 8 April 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Don and Tom address the market’s recent correction—without ever saying the “D-word.” They explain how global diversification cushions the blow, why balanced portfolios aren’t as battered as headlines suggest, and how reacting emotionally is the real danger. They also dive into classic investing mistakes, like stock concentration and chasing headlines, and share guidance on rebalancing thresholds. Listener questions include when to rebalance, how to strategically tap accounts in retirement, and whether it’s time to break up with Edward Jones (spoiler: it is). 0:04 “D-word” banter and market correction intro 1:24 The $5 trillion “missing” from markets—why it’s not doomsday 2:10 Tariffs, uncertainty, and what markets hate most 3:29 Year-to-date performance: S&P 500, total U.S., and global portfolios 4:56 Diversification works—global value stocks still positive 5:14 Media panic vs. reality—why not watching CNBC is a good move 6:11 Real portfolio check-in: diversified and down just 5% 7:36 What to do when the market drops—don’t panic 8:00 “It’s different this time”—but not really 9:35 Risk check: how much are you really taking? 10:43 Concentration risk: why individual stocks and tech are volatile 11:50 Tesla and Apple tank—example of why you diversify 13:45 Expert noise: Bill Gross vs. Ed Yardeni—ignore both 15:54 Market predictions: why you should tune out “legendary” investors 16:31 Jason Zweig’s pyramid of regret—make small, smart moves 18:28 Tariffs aren’t good, but they’re also not the end 20:19 Listener Patty asks: When should I rebalance? (5–10% rule explained) 25:31 Listener Karen asks: Which account should I draw from in retirement? 33:07 Listener Dan asks: Should I still sell stocks and buy ETFs? (Yes.) 35:21 Listener Frank asks: Is it time to stop trading with Edward Jones? (Absolutely.) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I had the absolute pleasure of speaking to Pamela Anderson.
0:04.2	All thanks to the Dove Self-Eesteem Project.
0:07.1	We speak about the impact Y2K has had on women's body confidence and how Pamela has regained control.
0:12.9	The Dove Self-Esteen project is an amazing initiative supported by science-backed methodology
0:17.8	to help us improve our relationship with our bodies.
0:20.8	To find more body confidence-building exercises, go to dove.com forward slash Y2K.
0:26.5	That's Y2K-Selt W-H-Y2K.
0:34.7	Reality Radio for a really great future. We talking real money don't say it do not say the
0:42.9	d word don't say it we are not going to talk about that little 30 stock thing throughout this
0:49.4	program there will be no mention of the thing they just mentioned in the news at the top of the hour.
0:54.9	There is no, this is a D word free zone.
0:57.9	We can say down, but if it's a word without the end at the end of it, we don't use it.
1:04.1	It ain't the market.
1:05.7	But we are going to talk about the market here on talking real money.
1:08.6	Why?
1:09.4	Well, it is the proverbial elephant in so many
1:14.3	different ways in the room it is it's an elephant of sorts and uh i know that you're thinking about it
1:22.8	we're pretty sure though if you're regular listeners you're not obsessing on it you're just thinking about the fact
1:29.0	that well the market the u.s market by pretty much any measure is in what is called a correction
1:38.5	would that be accurate Tommy that would be accurate I'm been spending a lot of time in my little new office here trying to find the missing $5 trillion that evaporated somewhere.
1:52.9	I thought it was six at a bit of an advantage.
1:55.4	I feel better than I guess.
	...

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