8 Things to Know About Investing in a Brokerage Account
Money Girl
Macmillan Holdings, LLC
4.6 • 1.9K Ratings
🗓️ 11 October 2023
⏱️ 20 minutes
🧾️ Download transcript
Summary
Laura answers a listener question about how to invest in a brokerage account, including the rules you need to know and the best strategy for diversification.
Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.
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Transcript
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| 0:00.0 | Hi, Laura. I'm new to the podcast and I've been going through episodes. I'm looking for |
| 0:11.4 | specific types of advice. I have not invested yet. I am 36. So I know that I'm late to the |
| 0:19.6 | party, but I want to start now and open a brokerage account. I've been trying to figure out which |
| 0:26.9 | is the best option, whether it's fidelity or Vanguard, etc. I haven't been able to find a previous |
| 0:35.2 | episode on that topic and that would be great if you can make a new episode on that. Thank you, |
| 0:41.0 | bye-bye. Anonymous caller, thank you so much for your question. I'll review eight considerations for |
| 0:47.3 | investing in a brokerage account in this show. We'll cover tips for choosing a firm, selecting |
| 0:52.6 | investments and managing money wisely based on your financial goals. Hey friends, welcome back to |
| 0:59.2 | the Money Girl podcast. I'm Laura Adams, an award-winning author and money expert who's been bringing |
| 1:04.8 | you tips and advice weekly since 2008, with over 41 million downloads. My most recent title, |
| 1:12.4 | Money Smart Solo Prenure, a personal finance system for freelancers, entrepreneurs and |
| 1:17.4 | sign hustlers, was a number one Amazon new release. Be sure to check it out if you are thinking |
| 1:24.2 | about starting a small business or you're doing some side work off of your day job or maybe you |
| 1:30.7 | already have a business that you want to take to the next level. If you have a money question or |
| 1:35.9 | a suggestion for a show topic, I'd love to hear it. You can do just like our anonymous caller did |
| 1:42.4 | and call 302-364-0308 to leave a voice message or you can use my contact page at |
| 1:51.0 | LaraDatoms.com to send me an email. All right, if you're like the anonymous caller and you feel |
| 1:58.4 | like you're getting a late start to investing, I want to assure you that you're not. There is |
| 2:06.5 | no wrong time to start investing because everybody is on a unique financial journey. I didn't |
| 2:13.2 | start investing regularly until my early 30s when my husband and I successfully sold a business |
| 2:20.7 | and we had a nice profit that we needed to put somewhere. I think many people procrastinate |
| 2:26.1 | investing because maybe they think it's too complicated or too risky or too time consuming. |
... |
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