Talking Real Money - Investing Talk
Talking Real Money - Investing Talk
Don McDonald
Worried About Inflation?
32 minutes Posted Jun 4, 2026 at 4:00 pm.
Inflation and Magical Thinking
The Cost of Inflation Hedges
Risk Tolerance at Fifty
Roth, Taxes, and Flexibility
Foreign Taxes Explained
Podcast Milestone and Farewell
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32:19
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Show notes
Don and Tom tackle investors’ obsession with inflation protection and the financial industry’s willingness to sell expensive products that promise impossible outcomes. Using PIMCO’s Inflation Response Multi-Asset Fund as a case study, they explain why complex, high-cost inflation hedges often create more problems than they solve. The discussion explores historical inflation, why stocks remain the most effective long-term defense against rising prices, and the dangers of chasing investment mag...