1059: 5 Reasons You Should Include Index Funds In Your 401K Or IRA by The Finance Twins on How To Start Investing

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

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🗓️ 2 February 2020

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Finance Twins share 5 reasons you should include index funds in your 401k or IRA. Episode 1059: 5 Reasons You Should Include Index Funds In Your 401K Or IRA by The Finance Twins on How To Start Investing Camilo and Francisco Maldonado are the Finance Twins. Most people think money is confusing unless you are an accountant. We used to think that too. After working incredibly hard and catching several lucky breaks, we realized so many people are looking for ways to learn about personal finance, how to manage money, and how to get out of crippling debt. They have tons of tools and resources as well as countless articles that have everything you need to start your path to financial freedom. The original post is located here: https://thefinancetwins.com/5-reasons-to-love-index-funds/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily episode 1059.
0:03.8	Five reasons you should include index funds in your 401k or IRA.
0:08.4	By the Finance Twins of the Finance Twins
0:10.9	com. And I'm your host and narrator of this show.
0:13.8	My name is Dan and welcome to another Sunday edition of Optable Finance Daily.
0:18.2	I am here every single day reading to you from some of the best personal finance blogs on the planet, and I'm going to keep this intro nice
0:24.6	and short for you, so let's get right to our post and start optimizing your life. Five reasons you should include index funds in your 401k or IRA by the Finance Twins of the Finance Twins.
0:40.0	30% of millennials surveyed say that cash is their preferred long-term
0:46.1	investment according to bank rate. Why is this? Well some may say that it's
0:50.7	intimidating and overwhelming to decide what to invest in.
0:54.2	Not wanting to make a potentially costly mistake, it may seem easier to stand on the sidelines.
0:59.4	Unfortunately, parking cash in a checking or savings account will simply not make your money work for you in a way that will greatly increase your wealth over the long run.
1:08.0	With an abundance of new and existing asset classes,
1:11.0	Hello Bitcoin, the choice of what to invest in is as complex as it has ever been.
1:16.4	Should today's younger generations be focused on investing in
1:19.3	cryptocurrency? Could picking individual stocks lead to the greatest returns?
1:24.0	It's easy to see how the abundance of choice could make an asset we deal with often, like cash,
1:29.0	seem like the most friendly choice.
1:31.0	It's no surprise that three and five millennials have no financial exposure to the stock market.
1:36.0	Index funds should reign supreme.
1:39.0	However, I firmly believe that passively investing in the stock market with index funds
1:44.4	should be the preferred long-term investment of choice for today's young
	...

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