The Money Pig Podcast28 Aug 2023

The Basics. How to buy Stocks.

Episode 25
Reid Trego, the host of the Money Pig Podcast, is joined by Tim Goodwin, founder of GIA. They discuss investing basics and how to buy stocks. They explain why stocks exist and why some companies decide to go public. They also talk about the risks associated with individual stocks and recommend investing in mutual funds instead. Mutual funds are explained as a pool of money from multiple investors that is managed by professionals to invest in various securities based on specific objectives.
Tim discusses the two main types of mutual funds: active and passive. Active mutual funds are managed by individuals or teams, while passive index funds track an index. He explains that index funds are generally less expensive because they don't require individual management. Tim also talks about different indexes, such as the Dow Jones Industrial Average and the S&P 500, which measure various industries and sectors. He mentions that index fund changes occur based on the issuer's schedule and highlights the ease with which these changes can be made in a fund. Tim recommends having a diversified portfolio of broad-based funds with low costs for long-term investment strategies. He mentions that sector-specific investments can be considered but should not make up a significant portion of one's portfolio unless there is a specific reason for it, like excess savings or play money. Lastly, he emphasizes the importance of understanding investments before investing in them.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(120)

Financial Freedom Reimagined- Happy 250th USA

In this special Fourth of July edition of The Money Pig Podcast, hosts Tim Goodwin and Joe Beckford tackle one of the biggest questions in personal finance: what does financial freedom actually mean—a...

4 Jul 25min

What's the Point of Money if you Never Enjoy it?

In episode #118, “What’s the Point of Money If You Never Enjoy It?”, Tim and Joe explore a question many diligent savers and high earners eventually face: what is the point of building wealth if you n...

23 Jun 29min

Why Am I So Burned Out Even Though I’m Successful?

In episode #117, “Why Am I So Burned Out Even Though I’m Successful?”, Tim Goodwin and Joe Beckford unpack a question many high achievers quietly ask themselves: why do I feel exhausted when my career...

9 Jun 23min

The Cost of Always Being the Responsible One

In “The Cost of Always Being the Responsible One,” Tim Goodwin and Joe Beckford talk about what it means to be the person everyone depends on. Whether you are the one managing money, planning family e...

26 Mai 23min

Is Your Financial Advisor Saving You Enough in Taxes?

Maximize Your Tax Savings with Strategies You Need to KnowUnderstanding how to manage taxes efficiently is crucial to growing wealth—whether you're investing, planning for retirement, or managing dist...

19 Mai 26min

You Don’t Need More Advice — You Need This

Why Human Behavior and Accountability Drive Lasting ChangeIn this episode of the Money PIG podcast, co-hosts Tim Goodwin and Joe Beckford explore why information alone is insufficient for driving chan...

19 Mai 22min

Why AI isn't Your Life Coach

In this episode, we explore the limitations of AI as a life coach and highlight the irreplaceable value of human mentorship. While AI tools like ChatGPT can assist with decision-making and emotional r...

19 Mai 17min

You’re Not Behind — You’re Just Playing the Wrong Financial Game

In Episode 112 of the Money PIG Podcast presented by Goodwin Investment Advisory, Tim Goodwin is joined by his newly promoted co-host Joe Beckford. This episode blends practical wisdom with a friendly...

19 Mai 24min