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Motley Fool Hidden Gems Investing

Foolish Advice for College Grads

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 13 May 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

Congratulations on finishing up college! So what are you going to do now?   Mary Long caught up with four Fools to get some actionable advice for new college grads. They discuss:  - What to do when you get your first paycheck. - How risk-averse grads can get in the stock market. - Preparing your finances for job hopping.  - The difference between being a Rule Breaker and a Bridge Burner.  Stocks, ETFs mentioned: SPY, QQQ, BRK.B Host: Mary Long Guests: Ron Gross, Alison Southwick, Robert Brokamp, David Gardner Producer: Ricky Mulvey Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

A lot of people, especially younger people, were hearing have not been as positive

0:06.0

understandably. We had our college interrupted by COVID, not as bright-eyed and

0:10.6

bushy tail as maybe graduates of the past, but that's very temporary. And I think

0:15.6

more than anything the key to happiness and thriving is when you feel like you

0:20.9

are aligned with a purpose in the organization for profit or not for profit that

0:25.5

you're working for.

0:27.2

I'm Mary Long and that's Motley Fool co-founder and Chief Rule Breaker, David

0:33.6

Gardner. Commencement season is underway, so I caught up with four fools and

0:38.2

gathered some tips for college grads about investing, budgeting and starting

0:41.9

your career. We kick things off with Motley Fool's senior analyst Ron Gross

0:46.3

for insights about getting into the stock market, even if you don't love risk.

0:53.6

I think if you're the type of investor, certainly at a young age where you're

0:58.9

either wary about the stock market or you're not comfortable with risk. I still

1:04.8

believe the guidance should be getting involved in the stock market at a young

1:09.8

age for a lifetime investing is the way to go, but you can do it in a more

1:14.6

conservative way. You can do it through blue chip stocks, really well-known

1:19.4

mature companies, something like Berkshire Hathaway would come to mind. You

1:22.9

could use exchange traded funds that mimic an index like the S&P 500 or the

1:29.0

Russell 2000. So get invested in the stock market, but if you don't want to take

1:33.5

on a lot of risk, I think that's perfectly acceptable. The past few years have

1:38.9

seen a surge in day trading followed by a general distrust of the market after

1:43.2

that didn't really work out so well. What's your advice to someone who went

...

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