Don flies solo for another Question-and-Answer Friday (not Freaky Friday… despite Hollywood’s best efforts). Listener questions cover everything from Roth IRA choices for young investors to tax loss harvesting and reducing portfolio volatility with bond allocations. Don breaks down the pros and cons of popular ETFs, explains the benefits of tilting toward small and value, and gently guides a listener away from a pricey Fidelity fund. He also reaffirms that tax loss harvesting is a two-account job and urges investors to rebalance based on total portfolio risk—not just account type.

0:04 Don rails against yet another Freaky Friday reboot

0:58 Why diversification beats chasing past winners like VTI or VONG

3:41 Small-cap and value tilt: the long-term case

4:45 Why international stocks still matter (volatility control > return chasing)

5:58 Bond options in a 401(k): FXNAX vs. stable value vs. combo

6:59 Should you count brokerage and HSA balances in your allocation mix?

8:20 Stable value is not "guaranteed" value—what you need to know

10:09 Can you tax-loss harvest in two different brokerage accounts? (Yes!)

12:51 FBGRX: Not terrible, just suboptimal. Here’s what to do instead

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