In the sixth episode of The College Student’s Guide To Money, Chelsea covers everything you need to know about the basics of investing, from the different types of retirement accounts you can open to what you need to know about diversification.
What is investing?
Why start now?
Stocks:
Bonds:
retirement account basics:
Building a portfolio:
Index funds:
Broker:
Robo advisors:
The Financial Diet site:
Facebook:
Twitter:
Instagram: …(read more)
LEARN MORE ABOUT: IRA Accounts
INVESTING IN A GOLD IRA: Gold IRA Account
INVESTING IN A SILVER IRA: Silver IRA Account
REVEALED: Best Gold Backed IRA
Investing can be a daunting and complicated task, but with the right knowledge and preparation, it can be a lucrative way to grow your wealth. Whether you are a beginner or have some experience in investing, there are key principles and strategies that you should know to make informed decisions and achieve your financial goals. Here is everything you need to know about investing in English.
1. Define your investment goals: Before you start investing, it’s important to define your financial goals. Are you looking to save for retirement, purchase a home, or simply grow your wealth? Understanding your objectives will help you determine the type of investments that are best suited for you.
2. Understand the different types of investments: There are various types of investments available, including stocks, bonds, mutual funds, real estate, and alternative investments such as cryptocurrencies. Each type of investment carries its own risks and potential returns, so it’s essential to do thorough research and understand the characteristics of each before making any investment decisions.
3. Diversify your portfolio: Diversification is a key strategy to reduce risk in your investment portfolio. By spreading your investments across different asset classes, industries, and geographic regions, you can minimize the impact of any one investment underperforming.
4. Consider your risk tolerance: Your risk tolerance is your ability to withstand fluctuations in the value of your investments. It’s important to assess your risk tolerance before investing, as it will help you determine the appropriate investment strategy for your financial goals and comfort level.
5. Keep an eye on fees and expenses: When investing, it’s crucial to be mindful of fees and expenses associated with your investments. High fees can eat into your returns over time, so it’s important to choose investments with low fees whenever possible.
6. Stay informed and be patient: Investing is a long-term endeavor, and it’s important to stay informed about market trends and economic developments that may impact your investments. It’s also essential to be patient and avoid making impulsive decisions based on short-term market fluctuations.
7. Seek professional advice if needed: If you are unsure about investing or need guidance, consider seeking advice from a financial advisor or investment professional. They can help assess your financial situation, goals, and risk tolerance, and recommend investments that align with your objectives.
In conclusion, investing can be a rewarding way to grow your wealth, but it requires careful planning, research, and patience. By understanding your goals, diversifying your portfolio, assessing your risk tolerance, and staying informed, you can make informed investment decisions that help you achieve your financial objectives. Remember to seek professional advice if needed and always consult with a financial advisor before making any investment decisions.
Time is one of the most important things
i.e. is that is
When the market goes down then it's buying opportunity. If the market goes up then you are making money. If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run; however, a severe market correction causes a lot of margin calls and sell-offs, driving the market even lower. currently, I'm up 13% in my diversified portfolio. As crazy as it sounds some still make enormous returns from this seemingly unknown market. gotta be greedy when others are fearful
what is a preset portfolio?
The best way to find that balance between saving and living is by investing, This way you get
to have your saving intact and then live comfortably off the revenue coming in from
your investments. Financial freedom is possible, you just need to know
what to do and when to begin. I am a living testimony.
4:25 or a goldfish vs r/wallstreetbets
The kittens outperformed the brokers. Lol.
This video should be added to the TFD "COLLEGE" Playlist
If you do your own investing, have you ever wondered whether you should turn things over to a professional Financial Adviser ? If you have significant assets, you have probably felt anxiety when making choices with your money. Perhaps you sensed that you might make better investing decisions if you knew just a little more and could invest without emotion. If this is the case, consulting a financial advisor makes perfect sense.
thanks for the video
21 & just started going to college. Got my free stock and another from inviting someone. I’ve just put in 3$ as well into GNUS.
I've started my first bond almost 3 years ago. I give companies money to get solar panels and based to how they deliver my interest is payed.
I’d love to hear discourse on investing with low income. I work as a para make about 30k, not much wiggle room but I am finishing my bachelors so I hope to double my income. But even so I know a lot of graduates are under employed.
I'm 43…is it too late for me?
All video long she remineded me of dying. -Like: save money for retirement; do it asap so you can gain more money before you die. OMG why I am earning money if you always remind me of dying….
Chelsea you have a cute mouth
I do the robo-investing with fidelity for my Roth IRA and I'm pretty happy with it (advising fee taken into account). I just pretend the monthly auto deposits are just another necessary "bill." I'm far from maxing it out, but something is way better than nothing!
Yee I’m 15 rn need to learn more and find mentors tho
One thing to watch out for that wasn’t mentioned.
There is a difference between average return and capital growth. Eg. Your cash goes up 50% year 1 and then goes down 50% year two. If you had 100 dollars then you’d now have 75. Your average return would be 0%. Your capital growth would be -25%.
Equally, this makes it very difficult to judge stocks based on their previous rate of return. A stock that returns a lower average rate may just be less volatile.
Equally, a lot of investors on YouTube have only been investing for years during an upward market and are yet to see a downswing so their success is akin to buying a house, painting a wall, seeing the value triple because the market goes up and claiming that your renovations created the value.
Certainly not suggesting people don’t invest, but understand that it’s more complicated than it appears to be and a lot of you tubers gain exposure from having videos on popular topics such as what index fund should I invest in?
TFD great as always though!
So is it to late for people in their early 50s?
OK, if I ever want to invest and the time comes to pick some stocks, I'm getting a cat. Sounds like a win-win.
So what you're saying is. We should let a bunch of kittens pick out what we invest in
No disrespect to the ever so earnest Chelsea
but the hype of 0:45–0:52 might not work on some of us b/c of the..'design'..of certain social assistance programs and the limitation of what you can engage in. What is more particularly on my mind, is how it would be like for those of uswho are on social assistance programs due to disabilities–in a specific Canadian province, more specifically
Buy JAGX now they will go up to 20$ look it up guys!!!
I was very lucky in that my first job out of college was with a bank and at a branch that held our investment reps. The bank provided a 401k and match up to 5% and during the time I was working there I had plenty of time to build a rapport with the investment rep. So when I decided to pursue graduate school 3years later I had saved about $7000 and I worked with our rep to roll it over to a Roth IRA and it was INVALUABLE to have the money to pull from getting set up with a new job in a new city.
great explanation
Good summary
HAHAHHAHA compounded interest??? Where???
Can you do a video explains what is the impact when file tax with invest earning? Thanks love your video..
Vanguard is owned by the clients. Jack Bogle through the finance industry was not serving the customers. So Vanguard is basically a non profit company.
I still think that these should also be aimed at high school students. Not everyone goes to college.
It’s good to invest where you bountifully earn and have access to withdraw your profits without stress and zero labors, I was an investor of stocks but sold all off and invested on forex, I've been doing well Contact @Carlos_1uptrades on instergram his platform pays for real.. I’m very happy and it feels like am the only one enjoying this although there are people still testifying about this platform it’s legit and pays for real …
I’m opening junior investment ISAs for my 6 and 4 year old as soon as their dad starts paying child maintenance. I hope that will inspire them to keep investing when they come of age
I’m started my junior year of high school (I’m 15) and my father convinced me to start investing this year. I am doing all the research required now. My parents have an investment manager who I’m learning from regularly and since I don’t have an allowance per se, my father is providing me with the corpus money! I am very excited! If you have any tips, please reply to this comment.
Started doing some research for a stock portfolio in January, which included using the guidance strategy of a stock expert. I had some free time due to preparation of my masters thesis (with which I'm almost done now), and thought it would be a good time to start investing. I think I stepped in at one of the craziest times possible, and it turns out to be a quite well-spent January in hindsight. TSLA was my largest position and I earned up to $450K in profit.. Hard to believe but don't fool yourself, there's money in the market
Bill Ackman has 8 major principles for Successful Investing -> https://youtu.be/AAEuTvSp85A
I get investing. But I still have no idea how to actually get started.