Finally, an in-depth episode on INVESTING!

Kosher Money was graced with the presence of Eli Fried, author of GeltGuide.com, a helpful finance blog that we highly recommend you check out and subscribe to.

We covered a lot of ground in this episode, though we couldn’t get to everything. Perhaps a Part 2 episode in the future? Stay tuned!

Here are some of the books and links mentioned in the episode:

GeltGuide –

The Third Door book –

50 Cognitive Biases –

Investing for Dummies book –

Personal Finance for Dummies book –

Charlie Munger on Real Estate –

Oh, and all investment strategies and investments involve risk of loss. Nothing contained in this episode or any of our episodes and videos should be construed as investment advice.

Enjoy!

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Investing: Smart Ways To Grow Your Money (with Eli Fried) | KOSHER MONEY Episode 18

In a world where financial security is becoming increasingly crucial, learning how to invest your money wisely is a skill that can greatly benefit your future. Growing your money through investments allows you to generate passive income, build wealth, and secure a comfortable retirement. In this episode of KOSHER MONEY, host Eli Fried dives deep into the realm of investing, offering smart strategies for those looking to make their money work for them.

One of the fundamental aspects of investing is understanding the power of compound interest. Compound interest is the concept of earning returns not only on your initial investment but also on the accumulated interest over time. By reinvesting your earnings, you can exponentially grow your wealth in the long run. Eli explains how starting early and reinvesting your returns can help you achieve financial independence.

Another critical factor when it comes to investing is diversification. Putting all your money in a single investment avenue can be risky, as it exposes you to significant losses if that particular investment underperforms. Eli emphasizes the importance of spreading your investments across various asset classes, such as stocks, bonds, real estate, and even alternative investments like precious metals or cryptocurrencies. Diversification helps mitigate risk and ensures that even if one investment falters, others may generate positive returns to balance it out.

Understanding your risk tolerance is also paramount when venturing into investment. Different people have varied levels of comfort with risk. Some investors prefer low-risk, low-reward options, while others are willing to take bigger risks for potentially higher returns. Eli advises listeners to assess their financial goals, time horizon, and risk appetite before embarking on any investment journey. Determining your risk tolerance helps you tailor your investment portfolio to align with your comfort level and financial objectives.

While investing is a proven way to grow your money, it is crucial to approach it with a long-term perspective. Eli stresses the importance of patience and discipline in any investment strategy. As tempting as it may be to chase quick profits or react impulsively to market fluctuations, successful investing requires a calm and strategic approach. Regularly reviewing your investments and making adjustments as needed is vital, but knee-jerk reactions to short-term market movements can often lead to poor decision-making.

Eli also touches upon the power of passive investing through index funds or exchange-traded funds (ETFs). These investment vehicles offer broad market exposure, enabling you to invest in a diversified portfolio of stocks or bonds without needing to research and select individual investments. Passive investing keeps costs low, provides liquidity, and has historically offered respectable returns over the long term.

In summary, investing is a key tool in building a secure financial future. Eli Fried emphasizes the importance of understanding the power of compound interest, diversification, risk tolerance, long-term perspective, and passive investing. By following these prudent strategies, individuals can intelligently grow their money over time, achieving their financial goals and securing a comfortable retirement. So, take the leap into the world of investing, and watch your money work for you.