E5 - Investing Basics Series - Getting Started
Winning with Money
English - September 18, 2021 13:00 - 24 minutes - 16.6 MBInvesting Business finance money financial coaching personal finance crush debt build wealth investing retirement Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Mike opens up a new chapter in his podcast by starting an "Investing Basics Series" to help investors of all stripes get a good foundation on what investing is and how to do it with success.
Six key takeaways from today's episode:
1. Get educated, establish a plan that includes short and long term goals and enlist the help of an advisor where needed.
2. Save and invest early and often. It's the time in the market, not market timing that will help you build wealth.
3. Put your investments on paycheck withdrawal auto pilot, so you can enjoy the advantages of dollar cost averaging.
4. Keep your costs low by investing in Exchange Traded Funds (ETFs) when possible.
5. Diversify between stock and bond funds. Don't put all of your eggs in one basket.
6. Rebalance your allocations to avoid getting too over weighted in any asset classes to reduce risk.
Have a great day!
You can reach me at:
www.fettermanfinancialsolutions.com
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571-293-1076