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Talking Real Money - Investing Talk

Yield Trap

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5811 Ratings

🗓️ 2 April 2026

⏱️ 30 minutes

🧾️ Download transcript

Summary

This episode opens with a blistering takedown of sensationalized financial media, using a Kiplinger income piece as the latest example of how risky, high-fee junk bond products get dressed up as safe income solutions for yield-hungry investors. Don and Tom explain why bonds are supposed to provide stability, not speculative upside, and why chasing eye-popping payouts usually means swallowing hidden risk, ugly expenses, and stock-like volatility. They then pivot to listener questions on buildi...

Transcript

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0:00.0

Reality Radio for a really great future.

0:08.0

We're talking real money.

0:10.4

There is so much deplorable financial advice, investing advice out there these days.

0:17.9

And I honestly believe it's getting worse and worse and worse with each

0:22.2

passing day as some of the most respected names, once respected names in financial journalism,

0:29.7

are doing anything they can. I'm telling you, if you've ever watched the old Newhart show,

0:35.3

they are Larry, Daryl, and Daryl, they'll do, they're doing anything they can for a buckhart show. They are Larry, Darrell, and Darrell. They're doing

0:38.8

anything they can for a buck these days. They are just telling you some of the worst stuff.

0:43.7

They are selling stuff. They are just not acting in your best interest. And these days,

0:49.2

one of the poster child, children, they can't be childs, they'd be children, for giving out horrible advice,

0:57.5

much of it paid is a publication that we used to respect.

1:02.1

As a matter of fact, we used to talk with the publisher, Knight Kiplinger, regularly,

1:06.7

and that's Kiplinger's magazine or whatever.

1:28.0

Yeah, I don't know if it's called, and And they still have some stuff. I mean, they still have their tax thing. They send out, which I like. But the, but the, the, the publication itself I do not like. I do not respect because there's too much junk like we're about to talk about. Oh, my God. That is really cheesecake.

1:46.3

It's really, sorry, I'm not going to say the other word. It's investment porn. It is. We're no longer on the radio. Oh, that's right. This is a podcast. We can say porn. But that was in the car. No, that was a radio thing. So, yeah, I mean, the thing is, this is only meant to excite. You're going to look at the numbers and say,

1:52.4

give me that. I want to underline that twice and take it home and, oh, we're not supposed to talk about that.

2:04.4

Anyway, I mean, the thing is, this is really bad advice. Yeah, and it comes from a gentleman at, who is supposedly one of their editors. Now, I don't really know what the secret relationship is between him and Kiplingers. My guess, and this is purely a guess,

2:11.2

I don't know anything, but his title is... Hold on, I got to find it.

2:19.1

I don't know how to pronounce his last name, so I'm going to just try.

2:21.6

It's Nosset or Kosset or Kossnet.

2:26.6

Kossnet.

2:27.2

That was it.

...

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