Talking Real Money - Investing Talk
Talking Real Money - Investing Talk
Don McDonald
Invest or Drink?
40 minutes Posted Sep 23, 2025 at 3:00 pm.
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Show notes
This episode of Talking Real Money tackles myths about the Federal Reserve and interest rates, explains why mortgage and Treasury rates don’t automatically follow Fed moves, and reminds listeners that markets usually price in expected changes. Don and Tom then pop the cork on wine investing, showing that after costs it performs about as well as plain bonds—and far worse than a 60/40 portfolio. They compare wine and tobacco “sin stocks,” highlight the volatility of individual compani...