Your Proper Risk

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 16 April 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Don and Tom explore the role of risk, resilience, and rational investing as they tackle stock market uncertainty, Roth conversion confusion, and Robinhood’s attempt to lure new users. They mix in practical advice with plenty of caller questions—plus a detour into air-dried laundry, social media skepticism, and an appreciation for the film Tune Out the Noise. It's Talking Real Money in its purest form: smart, skeptical, and occasionally funny. 0:04 Intro: Making money more understandable 1:09 Tom’s tech issues and growing role of the stock market 2:11 When you should sell stocks in retirement 3:31 Risk capacity vs risk tolerance explained 5:14 Funny promo: Financial Flinch Reflex (FFR) 6:32 Stock market participation then vs now 7:04 Caller: Gratitude for 'Tune Out the Noise' documentary 8:16 The real goal of the show: Tuning out the noise 10:45 Caller Paul on clothesline nostalgia and laundry talk 13:05 Documentary's backstory, David Booth’s art & Dimensional’s origins 14:30 Why market timing makes you crazy and poor 15:57 Caller Tom sees a Facebook Roth ad—what gives? 17:46 Breaking down legitimate Roth conversion strategies 19:31 Don’s rant on Facebook, Tom’s retreat to LinkedIn 20:39 Caller Roger: Can you convert RMDs into Roth? (Spoiler: no) 21:37 Clarifying RMDs vs Roth conversions—rules & misunderstandings 24:14 Direct 401(k) to Roth IRA conversion—confirmed 25:59 Q: Why add bonds if you're 20 years from retirement? 28:03 How real people react to 50% portfolio drops 29:16 The truth about emotional investing and loss tolerance 31:08 Why Robinhood’s "free money" comes at a cost 32:56 Custodians vs Gamifiers: Schwab, Fidelity, and the Robinhood trap Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rated T for Teen.
0:02.0	Each year, thousands of adults lose their shred.
0:05.0	It's an epidemic simply known as shred loss, but it doesn't have to be this way.
0:09.0	Because rekindling your shred is as easy as playing the new Tony Hawk's Pro Skater 3 and 4.
0:14.0	With new parks, cross-platform multiplayer, and sick new game modes,
0:19.0	we can put an end to shred loss everywhere.
0:22.2	Hit the new Tony Hawk's Pro Skater 3 and 4 and show the world that the shred's not dead.
0:26.4	Pre-order Tony Hawk's Pro Skater 3 and 4 and play the foundry demo.
0:34.9	Reality Radio for a really great future.
0:37.8	We're talking real money.
0:40.0	Hi, everybody.
0:41.2	Welcome to the show.
0:42.8	I'm Don McDonald.
0:44.1	This is a place where we can spend a little time trying to make a topic that can drive you a little bit crazy, or lately, crazy more understandable more more more approachable a lot
1:00.1	simpler to deal with because money's so important you need to earn it we hope you save it we
1:07.9	we are all pretty good at spending it uhing it gets a little dicey at times because
1:14.4	we've got so much bad information out there. So let us help you make money more understandable
1:22.3	and then maybe help you make more money. 855-935 Talk is our telephone number here.
1:28.5	That's 855-935-8255.
1:31.9	I'm Don McDonald, along with Tom Cock, who's having some technical difficulties in the new studio right now with his tight line dialing in machine.
1:42.7	So I'm here.
1:43.7	I'm here for you. And one of the things we've been
	...

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