Allan Sloan digs into how much money Elon Musk has lost on Twitter

Financial journalist Allan Sloan, a seven-time winner of the Loeb Award -- business journalism's highest honor -- discusses his recent Fast Company column sizing up just how much money Elon Musk and his investors have lost in his dalliance with Twitter, and while the huge losses won't impact Musk's net worth, how bad deals like this do impact real people and ordinary investors who fall for the hype of a successful entrepreneur. Bryce Doty, senior portfolio manager at Sit Investments, returns to the show discussing closed-end funds and the massive discounts on muni funds -- currently at roughly 13.5 percent, compared to a historic average of about 4 percent -- and what has to happen for investors to profit from those discounts narrowing. Also returning to the show, Nancy Tengler, chief investment officer at Laffer Tengler Investments, who today discusses "The Women's Guide to Successful Investing," which she recently updated with a second edition. Plus, Ed Slott of IRAhelp.com is back to answer another question from a Money Life listener.