Talking Real Money - Investing Talk
Talking Real Money - Investing Talk
Don McDonald
Avoid Complexity
29 minutes Posted Aug 11, 2025 at 6:35 pm.
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Show notes
Don opens with a rant about Wall Street’s love of unnecessary complexity, focusing on “structured equity products” and other layered investments that promise protection but deliver lower returns at higher costs. The discussion covers the deceptive pitch, the billions invested in these products, and why a straightforward stock/bond mix is usually better. Larry Swedroe’s principles for prudent investing are highlighted, along with a reminder about diversification beyond the S&P 500—especial...