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Good Enough

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Manage episode 520406619 series 31291
Content provided by Don McDonald. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Don McDonald or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

You and Tom spend this episode unpacking a surprisingly liberating idea for investors: that average is good enough. Kicking off with your own story about a two-star podcast rating, you two stumble into a bigger truth—most people are chasing a level of portfolio perfection that doesn’t matter. Christine Benz’s Morningstar piece becomes the backbone of the discussion, contrasting “maximizers” (engineers, tinkerers, over-optimizers) with “satisfizers” (simple, diversified, sane). From there you hit Tesla’s trillion-dollar pay package drama, Bito’s goofy “dividends,” SGOV vs. CD ladders, fears about private equity sneaking into retirement plans, and a few classic Don-and-Tom tangents. The message: stop overthinking, build a sensible portfolio, and go live your life.

0:04 Don’s two-star review existential crisis and the epiphany about doing things for joy

1:16 Why being “average” in investing (and life) is perfectly fine

1:45 Elon Musk compensation debate and ETF shareholders not getting a vote

3:12 Don’s “brilliant raving lunatic” take on Elon and Tesla’s dominance

4:38 The kings of tangentiality finally introduce the show

5:55 Christine Benz and the “Good Enough Portfolio” philosophy

6:36 Maximizers vs. satisfizers explained (plus Bogle bobbleheads)

8:53 Why over-optimization rarely improves results

9:56 Happiness and second-guessing: satisfizers win

11:22 Time costs, tax worries, and the illusion of finding a perfect portfolio

12:33 Two-fund vs. ten-fund portfolios and why simplicity works

13:55 Working harder doesn’t usually make you richer—your job does

14:25 Listener letter: long-time fan from Silverdale reminisces about 1988

15:26 Tom recalls being put on the air after several glasses of wine

16:03 Acorns user asks about BITO’s wild “dividends”

18:10 Why BITO’s payouts are actually return of capital and cannibalization

19:58 BITO’s volatility roller-coaster (standard deviation 53)

20:12 SGOV vs. CD ladders for short-term retirement cash

22:07 Why emergency funds shouldn’t sit in a Roth IRA

22:58 Listener concerned about private equity creeping into 401(k)s

23:52 PE risks, political pressure, and greater-fool concerns

25:27 Don thanks listener “AlwaysLearning1953” for the positive review

26:49 Murder of Crows, sound effects, and the power of scary crows

27:36 New Tales Told update—more stories on the way

28:38 Saturday live show reminder and flyover banter

28:58 Don’s Kansas/Leavenworth childhood story detour

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1869 episodes

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Good Enough

Talking Real Money - Investing Talk

164 subscribers

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Manage episode 520406619 series 31291
Content provided by Don McDonald. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Don McDonald or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

You and Tom spend this episode unpacking a surprisingly liberating idea for investors: that average is good enough. Kicking off with your own story about a two-star podcast rating, you two stumble into a bigger truth—most people are chasing a level of portfolio perfection that doesn’t matter. Christine Benz’s Morningstar piece becomes the backbone of the discussion, contrasting “maximizers” (engineers, tinkerers, over-optimizers) with “satisfizers” (simple, diversified, sane). From there you hit Tesla’s trillion-dollar pay package drama, Bito’s goofy “dividends,” SGOV vs. CD ladders, fears about private equity sneaking into retirement plans, and a few classic Don-and-Tom tangents. The message: stop overthinking, build a sensible portfolio, and go live your life.

0:04 Don’s two-star review existential crisis and the epiphany about doing things for joy

1:16 Why being “average” in investing (and life) is perfectly fine

1:45 Elon Musk compensation debate and ETF shareholders not getting a vote

3:12 Don’s “brilliant raving lunatic” take on Elon and Tesla’s dominance

4:38 The kings of tangentiality finally introduce the show

5:55 Christine Benz and the “Good Enough Portfolio” philosophy

6:36 Maximizers vs. satisfizers explained (plus Bogle bobbleheads)

8:53 Why over-optimization rarely improves results

9:56 Happiness and second-guessing: satisfizers win

11:22 Time costs, tax worries, and the illusion of finding a perfect portfolio

12:33 Two-fund vs. ten-fund portfolios and why simplicity works

13:55 Working harder doesn’t usually make you richer—your job does

14:25 Listener letter: long-time fan from Silverdale reminisces about 1988

15:26 Tom recalls being put on the air after several glasses of wine

16:03 Acorns user asks about BITO’s wild “dividends”

18:10 Why BITO’s payouts are actually return of capital and cannibalization

19:58 BITO’s volatility roller-coaster (standard deviation 53)

20:12 SGOV vs. CD ladders for short-term retirement cash

22:07 Why emergency funds shouldn’t sit in a Roth IRA

22:58 Listener concerned about private equity creeping into 401(k)s

23:52 PE risks, political pressure, and greater-fool concerns

25:27 Don thanks listener “AlwaysLearning1953” for the positive review

26:49 Murder of Crows, sound effects, and the power of scary crows

27:36 New Tales Told update—more stories on the way

28:38 Saturday live show reminder and flyover banter

28:58 Don’s Kansas/Leavenworth childhood story detour

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1869 episodes

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