How I Achieved an 814 Credit Score

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4 • 823 Ratings

🗓️ 11 April 2017

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’re joined by a Motley Fool analyst who will share his story of how he went from a lousy credit score to a stellar one. We’ll also answer your question about when to tell if you’re over-concentrated in a sector and play a round of “Can I throw it out already?!”

Transcript

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0:00.0	This week's episode of Motleyful Answers is brought to you by Rocket Mortgage by Quicken Loans.
0:03.9	When it comes to the big decision of choosing a mortgage lender, work with one that has your best interest in mind.
0:09.1	Use Rocket Mortgage for a transparent, trustworthy home loan process that's completely online at quickenloans.com slash fool.
0:18.6	This is Motleyful Answers. I'm Alison Southwick, and I'm joined as always by Robert Brokamp,
0:22.8	personal finance expert here at The Motley Fool. In this week's episode, we're joined by a Fool,
0:27.3	who is going to share the path he took to achieving an impressive 814 credit score. We're
0:32.7	also going to answer your question about how much to invest in each sector and play a rousing
0:36.9	game of,
0:37.6	can I throw it away already?
0:39.7	All that and more on this week's episode of Motleyful Answers.
0:43.5	It's time for Answers!
0:44.7	And today's question comes from Christian on Twitter.
0:47.8	His handle is at Christian MPT.
0:49.8	He writes, any suggestions or resources for what percentages to invest into each industry sector?
0:56.0	I feel overweighted in tech.
0:58.0	Well, Christian, let me start by parsing out the terms.
1:02.0	Actually, sector and industry are different.
1:06.0	Sector is sort of the big umbrella term, and most people consider the sectors that have been identified by the
1:11.3	global industry classification standards, a joint project of Morgan Stanley and S&P.
1:16.7	There are 11 sectors.
1:19.4	Underneath those sectors is where you get industries and sub-industries.
1:23.0	So there's actually 24 industry groups and 157 sub-industries.
	...

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