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Talking Real Money - Investing Talk

You Can't Know

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5 • 811 Ratings

🗓️ 24 March 2026

⏱️ 41 minutes

🧾️ Download transcript

Summary

With geopolitical tension rattling markets and investors stampeding into cash, gold, and energy, Don and Tom step back to deliver a familiar message: nobody knows what’s next—and anyone claiming otherwise is selling something. They walk through the behavioral traps of market timing, explain why diversification (especially beyond U.S. large caps) is quietly doing its job, and highlight the role of small cap and micro-cap stocks as part of a broader portfolio—not a silver bullet. Along the way, they mix in listener calls, practical tips (including liquidity strategies and avoiding irreversible investments), and a running acknowledgment that while their radio era is ending, the core mission—keeping investors from doing something dumb—isn’t going anywhere. 0:04 CBS Radio shutdown vs. TRM leaving radio—industry shift toward podcasts 1:32 War-driven market anxiety: money flows to cash, gold, and energy 2:54 Interest rate expectations flip—uncertainty dominates 3:16 Jason Zweig warning: beware “I know what’s next” pitches 4:24 Market timing trap—getting back in is the real failure point 5:37 Diversification reality—why global exposure smooths outcomes 7:08 Financial Fysics Kindle release and podcast transition reminders 9:53 “Retirement Plan” film event plug and discussion preview 13:37 Listener question: small cap value vs. large cap performance 15:44 Correlation explained—why asset classes don’t move in lockstep 16:29 Small cap value premium—historical outperformance rationale 21:49 Micro-cap ETF discussion (DFMC)—extreme diversification option 24:47 Caution: aggressive funds are optional, not necessary 27:52 Listener success story—laddering cash with CDs for caregiving 33:40 Core advice: avoid irreversible financial decisions 34:49 Liquidity matters—dangers of annuities and illiquid investments 35:55 Wall Street “new ideas” skepticism—most benefit the seller 36:21 Final push: transition to podcast-only format 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.

0:09.6

Well, apparently CBS did not like being upstaged by Don and Tom of talking real money.

0:18.3

So, I mean, we announced that we're going to be leaving the radio at the end of March,

0:23.6

and then CBS Radio announces their ending CBS News Radio at the end of May.

0:31.0

Yeah.

0:31.7

Much bigger than the loss of Tom and Don, I think.

0:34.9

I don't know that I'd say that, but okay, I'll allow you to.

0:37.3

We're on one station there on how many?

0:39.1

Oh, it's like 700.

0:41.6

700, just 700.

0:44.0

Man, that even makes my days on business radio network look tiny.

0:48.4

When I was at 90 stations, I thought I was on a lot.

0:51.2

And I'm a piker.

0:53.0

Anyway, things change. Things do change. And that is the topic of our

0:58.0

program, changing. Hi, everybody. Welcome to Talking Real Money. I'm Don. That's Tom, the guys who

1:04.3

were leaving the radio at the end of March, but not leaving your hearts and minds because we're just going to make a

1:12.9

couple of extra podcasts and we'll have five podcasts a week.

1:15.8

And your hearts and minds and your ears will be continued to be used in the possible

1:19.5

Yeah, that's right.

1:21.2

So listen carefully.

1:22.4

Assaulting your senses.

...

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