You Can't Win

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 2 October 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

The evidence continues to show why most "expert" money managers fail to beat their benchmarks. Don and Tom share some powerful academic reasons why money managers (and you) are unlikely to beat the market over time. Plus, those once-hot NFTs have turned icy cold, losing billions of dollars. Then, we take some questions: Is the I-Bond early-withdrawal interest penalty from early interest or the latest amount? With Social Security in trouble, what is the best age to take withdrawals? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Exclusively on Disney Plus.
0:02.0	It's hard and it's brutal and that's what makes it special.
0:06.0	The multi-award winning series, FX's The Bear, is back for a brand new season.
0:11.0	Upon my signal, unleash hell.
0:15.0	And every second counts.
0:17.0	When that shows zero, this restaurant ceases operations.
0:21.8	FX is the bear.
0:23.1	New season now streaming exclusively on Disney Plus.
0:27.0	18 plus subscription required season C's apply.
0:34.9	Reality radio for a really great future.
0:38.0	We're talking real money.
0:40.9	Welcome to talking real money again.
0:43.7	I'm Don.
0:44.4	Tom's over there, and we're here to set the record straight.
0:48.3	To tell you the honest truth about money and particularly about investing, because, well, investing is the land of
0:58.7	misperception, outright lying, fibbing, exaggerating, not telling the truth, pushing things that
1:08.7	make somebody else money and not you, and we want to tilt
1:13.1	that playing field a little more toward you, just a little bit towards you. Okay, maybe a lot bit
1:20.0	towards you. Now, when it comes to investment accounts, most of us do not, and should not, by the way,
1:29.7	manage our own portfolios of individual securities. It is really hard to do, and the way we want you to do it is almost
1:36.3	impossible to do as an individual. So a lot of people go to the experts. They go to private wealth
1:43.7	managers or in most cases, just mutual funds
	...

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