Smart Thinking On Investing – June 17
Smart Thinking On Investing – June 17
Deepak Nautiyal shares his beginner’s tips to investing in order to gain maximum returns at InvestorGuide.com. And to round out this week check out comedian John Oliver’s video on your retirement plan; his guide to avoiding mistakes for your financial future.
Millennials and Money
- Millennials have not had it easy; they’ve survived a collapsed economy, government cuts, and are witnessing dwindling pension fund schemes
- A generation of spenders and not savers it is up to you to take charge of your own financial future
- Avoid credit cards, take control and account for all your income and outgoings, and above all start to save as a contingent for the future
Green Investing
- Millennials priorities are in the environmental and social impacts of their chosen investments
- Top concerns for their investing strategies are education, healthcare quality, and environmental sustainability
- Look at publicly-traded stocks for companies undertaking social missions and investing in funds that deal with socially responsible assets—ethical bond funds for example—as a diverse approach to impact-investing portfolios
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Thou Shalt…
- …have a financial plan, keep your finances straight, and don’t just accept a financial ‘expert’s’ word as law
- …avoid following the herd, exercise patience, and be humble if you succeed where others don’t
- …be moderate when investing, refrain from tweaking your portfolio consistently, not idolize great investors too much, and balance your risk taking
Maximize Your Investing Returns
- Financial media distorts the truth occasionally; don’t take everything at face value
- Keep your emotions out of your finances and your investment decisions
- Avoid popular trends; tempting as it might be to follow the crowd, they can lead you astray
‘Last Week Tonight’s’ Financial Advice
- Start saving ten years ago—if you can’t time-travel, begin investing for your retirement as soon as possible
- If you’re going to take financial advice, outside of this from John Oliver, check if they’re a fiduciary
- “Even one tenth of one percent can really f— you,” so keep your fees under 1%
- And be smart with your money buy into a low-cost index fund rather than a certification for elf-spotting
Do you want to start investing on your own, but don’t know how?
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