Talking Real Money Minute - Investing Advice and Money Musings
82 episodes - English - Latest episode: over 3 years ago - ★★★★★ - 9 ratingsLooking for real investing advice and a fresh financial perspective, but don't have time for a full podcast. Spend a minute (okay, 90 seconds) with 30-year financial talk show host, Don McDonald. Learn how to build the wealth you need for a brighter future based on solid science, not hunches.
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Episodes
Consider the Source
October 13, 2020 21:50 - 1 minute - 1.43 MBHow can a fixed annuity afford to pay more than 3% per year for five years and still be considered "safe?"
Past Tense Market
October 09, 2020 21:37 - 1 minute - 1.43 MBThe markets aren't ever doing something. They have already done it.
Impoverished in Retirement
October 06, 2020 21:14 - 1 minute - 1.43 MBThe Covid crisis has put the retirement millions of Americans at risk at the worst possible time. What can you do to prepare for the worst?
Elections and Stocks
October 05, 2020 20:22 - 1 minute - 1.43 MBWe have enough to worry about without being concerned about the election's impact on our investments.
Seven Investing Rules
October 02, 2020 21:06 - 1 minute - 1.43 MBInvesting isn't complicated. Just follow Don's seven simple rules to investing success without stress.
Trader Theft
September 30, 2020 21:50 - 1 minute - 1.43 MBAnother major Wall Street brokerage firm gets caught illegally manipulating markets. This time they even admitted it. Another lesson on the impotence of the average investor.
Active Keeps Failing
September 29, 2020 21:30 - 1 minute - 1.43 MBThe latest SPIVA Scorcard is out and it shows what it always has. Active utual fund managers fail to beat the market by huge margins. So, why do we keep trying to pick winners?
Easy Financial Protection
September 22, 2020 20:36 - 1 minute - 1.42 MBWhere there is money there will be bad advice or outright fraud. Take a small step to protect yourself by vetting your financial "advisor" at: investor.gov and brokercheck.com Look for "disclosures" in the records avoid those who have misled clients in the past.
Stop Cold Calling
September 18, 2020 22:14 - 1 minute - 1.42 MBThe financial industry is changing and the old brokerage forms need to stop interrupting us at work or during dinner. Who will be the first to publicly eliminate cold calling?
Ignore These "Top" RIAs
September 17, 2020 21:58 - 1 minute - 1.42 MBFocusing more on size, Barron's 2020 Top RIA list fails to find fee-only 100% fiduciary advisors.
Find Out Fees
September 11, 2020 21:27 - 1 minute - 1.42 MBAbout half of all financial advisors charge more than 1% per year. Here are some questions to help you find the right advisor at the best price.
It's Different This Time
September 10, 2020 20:47 - 1 minute - 1.42 MBThere will always be surprises that cause us to worry about the financial future. Yet, time and time again, we have overcome disasters and stock values rise again.
Is Crypto Currency?
September 08, 2020 22:03 - 1 minute - 1.71 MBOne of the most important traits of a currency is stability. No one wants their currency to fluctuate wildly from day to day, yet that's just what crypto "currencies" have done.
Gold Bugs Back
September 03, 2020 20:59 - 1 minute - 1.42 MBYou need to understand one simple fact: Gold is not and never will be an investment. It fluctuates, yet over time has made nothing. So, any money you put in gold is a "bet" that it will rise. That is gambling.
Annuity Exit Issues
September 02, 2020 21:13 - 1 minute - 1.42 MBFor most annuities are best avoided. If you already have one, be wary of those who are trying to get you out.
A Different 529 Isn't Better
September 01, 2020 21:50 - 1 minute - 1.45 MBActive management. Commissions. High fees. With so many inexpensive 529 education plans is there any need for Scholar's Choice from Legg Mason?
But He Was So Nice...
August 28, 2020 21:02 - 1 minute - 1.42 MBAnother group of investors falls prey to a smooth talking salesman who promised more than anyone can ever deliver.
Fees, Returns, and Risk
August 25, 2020 21:55 - 1 minute - 1.42 MBHigh fees can reduce already small returns to less than nothing.
The Right Time to Bail
August 24, 2020 20:57 - 1 minute - 1.42 MBHow will know if Tesla to too high? There's a better way to own hot stocks with less fear: Diversify!
Don't Be the Last One In
August 21, 2020 21:13 - 1 minute - 1.42 MBTwenty years ago the NASDAQ (remenber the "QQQ"?) was all the rage. Then it fizzed for fourteen years. Is history about to repeat itself?
Stock Market Clueless
August 19, 2020 20:49 - 1 minute - 1.42 MBMany believe that the stock market is supposed to reflect the current state of the economy.
Brokers Being Bad
August 14, 2020 22:07 - 1 minute - 1.42 MBDon shares just a few sad headlines from a recent newsletter about financial advisors. No wonder people don't trust brokers.
Panicking Doesn't Pay
August 13, 2020 21:18 - 1 minute - 1.42 MBVanguard studied the results for those investors who panicked and caseh out of stocks in March.
Where's My Check?
August 11, 2020 19:53 - 1 minute - 1.42 MBStill don't have your government stimulus check? Don shares a couple of ways to get help.
A Kodak Trading Moment
August 10, 2020 21:05 - 1 minute - 1.42 MBAfter a news report, Kodak's stock went on a wild and crazy ride that made a few people richer and many more poorer.
More Respectable Gambling?
August 06, 2020 22:33 - 1 minute - 1.42 MBIsn't it time to be honest with yourself. Betting on stocks is gambling, not investing.
I'll Need How Much?
August 05, 2020 20:33 - 1 minute - 1.42 MBDetermining how much money you'll need in retirement can be tricky. It's not an exact science. However, the longer you wait to invest the harder it will be to save enough.
Virtual Steak Dinners
August 04, 2020 20:29 - 1 minute - 1.42 MB...brokers can now bring the sales dinner to you.
Deciphering Dollar's Dive
August 03, 2020 19:50 - 1 minute - 1.41 MBDon explores a few of the effects that a cheaper dollar might have on you and your investments.
Gold Can't Grow
July 31, 2020 18:58 - 1 minute - 1.41 MBGold is not, and never will be, an investment. Yes, it's price does fluctuate, but it pays no dividends, can't get larger, and there are no magical fowl laying eggs of gold.
Identify Bad Brokers
July 27, 2020 20:49 - 1 minute - 1.41 MBBefore you hand money over to a "financial advisor" (broker) you'd be wise to check their disciplinary history a brokercheck.finra.org.
Buffett vs. The Market
July 24, 2020 20:47 - 1 minute - 1.41 MBMany consider Warren Buffett to be the best stock picker of all time. So, he must beat the dull, boring market, right?
Diversification vs. Timing
July 23, 2020 21:14 - 1 minute - 1.41 MBIs it a good time to be in growth stocks or value? Are U.S. stocks going to rise faster than international issues?
Smart or Dumb Risk?
July 21, 2020 21:48 - 1 minute - 1.41 MBAre you taking more risk than you should with your investments? Greed can make us do dumb things.
Buy What Rises
July 20, 2020 21:53 - 1 minute - 1.41 MBIn the ongoing battle between growth and value investing, beware of playing on the winning side.
Pay Off Mortgage?
July 16, 2020 19:58 - 1 minute - 1.41 MBShould you work to pay down your mortgage? Don explores the pros and cons.
Too Late to Profit
July 13, 2020 22:12 - 1 minute - 1.41 MBIf someone has a system for beating the market it is bound to stop working as more people use it.
Better Tax-Free School Savings
July 06, 2020 21:16 - 1 minute - 1.41 MBDon briefly explains how 529 plans work and the new rules that allow them to help pay of student loans and more.
Dangers of Going Naked
June 22, 2020 22:55 - 1 minute - 1.41 MBWhen you gamble your losses are limited, unless you're gambling on some options, where losses are potentially unlimited.
Dave's 12% Obsession
June 19, 2020 22:56 - 1 minute - 1.41 MBDave Ramsey seems fixated on 12% as the return you can expect from investing in the stock market. Not only is that not an accurate historical figure, it is an expectation that will likely leave many sorely disappointed.
Hertz Might Hurt You
June 18, 2020 21:21 - 1 minute - 1.41 MBHertz Car Rental is in trouble. There stock has plunged. They have billions in debt. They have filed for bankruptcy. Yet, they want to offer you new shares of stock. What's in it for you? Danger.
Stocks as Sport
June 16, 2020 20:19 - 1 minute - 1.41 MBWith no sports to be on, bored sports gamblers have chosen to lose their money day-trading stocks. Losing is still losing and luck rules the game.
Market Mind Games
June 12, 2020 21:36 - 1 minute - 1.41 MBIf you want to keep both your sanity and your money you need to find a way to avoid the market's tricks.
Let the Dow Die
June 10, 2020 22:03 - 1 minute - 1.41 MBDon hates the Dow Jones Industrial Average. Not only is is not an index, it only represent about 0.002% of all the stocks traded in the world. Can't we start calling something else "the market."
Cash Out Issues
June 08, 2020 21:52 - 1 minute - 1.41 MBOver $1 trillion was moved into cash. Why that's a mistake in more than one way.
Annuities: You Usually Lose
June 06, 2020 01:01 - 1 minute - 1.41 MBImmediate annuities seem like a nice safe way to guarantee income, but the insurance company will almost always win the bet.
Getting Breaks for Your Broker?
June 04, 2020 21:12 - 1 minute - 1.41 MBMost loaded mutual funds offer lower commissions for larger amounts invested, but many brokers advice against these breakpoints to pad their pockets.
How Much Are You Paying?
June 03, 2020 20:38 - 1 minute - 1.4 MBThe survey says that most people either don't know how much they pay for advice or actually believe they're paying nothing. The truth is far different. Check out our advisor cost comparisons at talkingrealmoney.com/compare.
Traders Can't Win
June 02, 2020 21:13 - 1 minute - 1.4 MBWant to make money in the day-trading business? Then sell people fake trading classes, because you're unlikely to make much, if anything, trying to trade securities.
Undervalued Value?
June 01, 2020 20:01 - 1 minute - 1.4 MBSome pundits want you to believe that value investing no longer works. Just because something hasn't been successful lately doesn't mean it won't come back.