Talking Real Money Minute - Investing Advice and Money Musings

82 episodes - English - Latest episode: over 3 years ago - ★★★★★ - 9 ratings

Looking 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.

Investing Business Education advisor bonds fiduciary investing investments long-term low-fee money mutual funds planning
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Episodes

What's Average, Isn't

May 29, 2020 21:25 - 1 minute - 1.4 MB

While the stock market may post impressive averages, you're unlikely to see that return in a particular year. To get the "average" you must accept the ingoing fluctuations.

Anything For a Buck?

May 27, 2020 22:03 - 1 minute - 1.4 MB

Despite the fact that they are being sued by the Washington State Attorney General, Dave Ramsey continues to recommend a time share exit firm that has almost 360 complaints with the Better Business Bureau and 78 one-star reviews on Yelp. I wonder if he'd still reccomend them if they didn't pay him?

Six Percent With Safety?

May 26, 2020 21:16 - 1 minute - 1.61 MB

An online column recently touted an investment retirement income yielding 6%. Can you really get that much income safely?

How Much to Retire?

May 21, 2020 20:48 - 1 minute - 1.4 MB

Here's a simple (albeit not easy) way to determine how much money you might need to retire comfortably.

Why Annuities?

May 20, 2020 22:32 - 1 minute - 1.39 MB

Except is a very few cases an annuity is probably one of the worst investment choices you can make. So, why do we buy them?

Returns Require Risk

May 19, 2020 21:54 - 1 minute - 1.4 MB

Wall Street lies. Insurance agents lie. There is aboluetly no way for you to enjoy high investment returns with little or no risk, no matter how badly you want it.

The Oracle vs The Index

May 18, 2020 20:40 - 1 minute - 1.4 MB

Many in the press are critical of Warren Buffett's recent stock picking problems. They forget that he has always said that investing in a diversified, low-cost portfolio makes more sense than stock picking.

Seeing the Forest for the Trees

May 15, 2020 20:37 - 1 minute - 1.39 MB

Even though the near future looks bleak eventually the economy will come back.

Exchange Traded Gambles

May 14, 2020 19:06 - 1 minute - 1.4 MB

The exchange traded fund industry is concerned about speculative ETFs sullying the industry's name and want the riskier stuff to go by another name.

Telling the Truth Hurts

May 13, 2020 16:16 - 1 minute - 1.4 MB

It appears that most of those providing financial advice have issues with honesty. They worry that if you knew the truth you wouldn't give them your money. They're probably right.

Retirement Investing Made Simple

May 12, 2020 21:28 - 1 minute - 1.39 MB

Investing for retirement is far easier than Wall Street would like you to believe. They want you to think you need them, when you don't.

Miss a Day, Miss a Lot

May 11, 2020 21:17 - 1 minute - 1.39 MB

So you got out of the market. Lucky you. Now, when do you get back in?

Covid Home Office Deduction?

May 08, 2020 22:38 - 1 minute - 1.4 MB

Now that you're stuck working from home can you deduct anything?

Worse Than Flipping a Coin

May 01, 2020 20:51 - 1 minute - 1.4 MB

No one can preduct the financial future, but many still pretend to be able to do so, Many of us keep believing despite evidence to the contrary. Flip a coin instead.

One Size Doesn't Fit All

April 30, 2020 21:27 - 1 minute - 1.39 MB

Not everyone of a ceratin age shares the same tolerance for risk. That's why target-date funds may not be the best investing solution for everyone. Discover your own risk tolerance at talkingrealmoney.com/risquiz

Better Emergency Fund Returns

April 29, 2020 21:05 - 1 minute - 1.39 MB

The current crisis has illustrated the need for an emergency fund, but where can you park it to earn more than your bank's pathetic savings yield?

Four Percent Rule Alternative

April 28, 2020 20:58 - 1 minute - 1.39 MB

The 4% Rule isn't really a rule. It's a starting point. The key to retirement income while maintaining your asset base is flexibility.

Financial Media Lies

April 28, 2020 20:55 - 1 minute - 1.39 MB

Marketwatch continues to play fast and loose with the facts. Example: A recent headline that portays a permanent-bear with a pricey newsletter as a stock prediction genius.

96% Losing Over $100,000

April 24, 2020 20:45 - 1 minute - 1.39 MB

A new study found that 96% of Americans have taken Social Security at the wrong time leaving trillions of dollars on the table.

Getting Oil For Less Than Nothing?

April 20, 2020 21:08 - 1 minute - 1.39 MB

The US crude futures contract for May 2020 dropped below $0 per barrel for the first time ever. How can that happen?

Bad News and Bears

April 17, 2020 21:31 - 1 minute - 1.39 MB

Humans have a tendency to be overly negative. Yet, despite all the bad things that have happened the world continues to spin.

"Freedom Checks" Aren't Free

April 16, 2020 17:49 - 1 minute - 1.39 MB

There are some very creative sales pitches out there for some really bad financial products like MLPs (master limited partnerships). Beware of "investments" that are good for the sellers and bad for you.

Bad Investments Take Time to Fail

April 15, 2020 19:52 - 1 minute - 1.65 MB

Non-publicly traded REITs sound so good, promising big income with little risk. All "hot" investment sound great until they prove to be little more than a compelling story. It's something investors only discover after a crisis has occurred.

How Long Will This Last?

April 14, 2020 17:46 - 1 minute - 1.39 MB

While it seems like the coronavirus crisis has been going on forever, it's only been a few weeks. How long will our isolation and economic crisis last? We will recover. We always have. But the process of doing so will feel too long for those of us living through it, but looking back it won't seem as bad.

Pick Your Stock Market Advice

April 13, 2020 22:11 - 1 minute - 1.39 MB

Don shares five stock prediction headlines so you can choose the one that fits your perosnal belief. Good news: You have aabout a 50% chance of picking the right advice. Bad news: You have about a 50% chance of chooing the wrong advice.

Forebearance Not Foregiveness

April 10, 2020 15:54 - 1 minute - 1.39 MB

Those struggling with mortgage payments have an opportunity for some temporary relief, forbearance. Don explains what forebearnce is and isn't and what might hapen once your payment suspension ends.

Whose Advice Should You Take?

April 09, 2020 14:46 - 1 minute - 1.39 MB

The airwaves and Internet are filled with money advice and market forecasts. Some say the financial future looks bleak, others predict stocks will dazzle. Who should you believe?

Time to Cut Your Losses?

April 08, 2020 17:55 - 1 minute - 1.39 MB

Don talks about the high cost of letting our emotions control our investing decisions.

Here Come the Stimulus Scams

April 07, 2020 15:36 - 1 minute - 1.39 MB

Where there are potentially billions of dollars flowing into the hands of potentially gullible Americans there are bound to be phone and phishing scams. Learn what to watch for and how to avoid getting your stmulus check stolen. Report IRS scams to [email protected].