Investing often seems more complicated than needed, so we’re explaining some key terms to help you better navigate the investing and financial world more confidently. We share which ones we think matter the most and what you should focus on as an investor.
Andrew joins this week’s podcast as we talk about:
– The difference between a stock and a bond and the historical performance of each
– The difference between ETFs, index funds, and mutual funds
– Market vs. limit orders and which one you should focus on
– Why target date funds in your 401K and 529 plans aren’t ideal and what to do instead
– Which brokerage firms and accounts we like the best and why
– Expense ratios, Dividends, Dollar-cost averaging, and more!
Show References:
- Inside Out Money episode #003 – How and why to invest in index funds
- Inside Out Money episode #039 – What’s in our wallet? Our index funds, accounts, and more!
- Inside Out Money podcast #052 – Simplifying our finances – How we’re saving $20K by ditching robo-investing
- friends on FIRE podcast #090 – Why you don’t need a financial planner
- Inside Out Money podcast #058 – Breaking up with your financial planner – Why and how to do it
- Book: The Simple Path to Wealth
- Book: Boglehead’s Guide to Investing
- Andrew Knight’s Blog: Dollar cost averaging the worry-free way to invest
- Inside Out Money episode #022 – How much do you need to retire? Flaws in the 4% rule
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