Tom Cock takes the mic solo (with Don recovering from a “procedure”) and brings in advisor Roxy Butner for a special live episode. They reflect on Warren Buffett’s decision to retire in 2025, discussing lessons from his value investing strategy and massive cash holdings. Listener questions roll in on topics like compound interest assumptions, the risks of holding company stock, ETF mechanics, and how best to diversify for retirement. They also recommend the YouTube documentary Tune Out the Noise, tackle behavioral finance biases, and offer free portfolio reviews—including Tom’s upcoming in-person trip to Oregon.

0:05 Tom hosts solo, Don out recovering, show call-in number shared
0:53 Warren Buffett announces 2025 retirement; lessons from his investing style
2:49 Value investing, risk tolerance, and why most portfolios ignore value stocks
5:05 Buffett’s ultimate advice: low-cost index funds, tune out the noise
7:09 Guest Roxy Butner joins the live show for the first time
7:28 Listener Q: YouTube doc Tune Out the Noise and Dimensional Fund Advisors
8:44 Listener Q: Using 7% return assumptions—how conservative is that?
10:53 Monte Carlo simulations vs. flat-rate assumptions in planning
12:32 Saving percentages, lifestyle choices, and setting early-retirement goals
14:04 You can't count on future returns—only saving and diversification
15:22 Company stock danger: bias, volatility, and concentrated risk
17:51 Behavioral finance: home bias and overconfidence in familiar firms
20:32 Listener Q from Orlando: DFIV vs. VEU, building a smart ETF mix
23:30 Discussing stock/bond ratios, fund tilts, and tax efficiency
25:34 Roxy’s advice: multiple funds offer tax flexibility in taxable accounts
27:16 Listener Q from Ottawa: Do ETF trades affect prices of underlying stocks?
29:59 ETF structure explained, flash crash risk, and long-term thinking
34:17 Listener wants a Talking Real Money nickname—challenge accepted
34:44 ETF vs. mutual funds in taxable vs. retirement accounts
36:19 Free portfolio reviews and Tom's May 21 visit to Lake Oswego
38:29 Roxy's biggest mistake she sees: U.S. large-cap overconcentration

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