How to Start Investing Successfully with Just Two Funds

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 18 May 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The best part about living in 2022 is the fact that you don’t have to know anything about investing to be a successful investor thanks to products like Betterment (and financial technology more broadly). But what if you do want to manage your own investments? Then what? Before I learned about Paul Merriman and Chris Pedersen’s Two Funds for Life strategy, I never really knew what to tell people aside from do your research and best of luck to you, madam. So this week, I’m joined by Chris (who created the Two Funds for Life model) to talk about an amazing 80/20 solution for getting proper, low-cost diversification with only two funds (hence the name). Not only that, but the “rebalancing” is more or less taken care of for you. Follow Along Blog Instagram Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome back rich girls and boys to The Money With Katie Show.
0:11.5	I'm your host, Katie Addie Tossan and this week I wanted to put a lukewarm medium take
0:18.1	out there and it's that investing has never been easier or more important than it is
0:24.5	right now.
0:33.5	After listening to the book The Lords of Easy Money, How the Federal Reserve Broke the
0:37.6	American Economy, where there was a huge focus on the outcomes of quantitative easing,
0:43.6	in other words asset inflation, price inflation and growing wealth inequality, it became relatively
0:49.6	clear to me that investing in assets that are actually gaining value is the best line
0:55.5	of defense we have against the fact that something you wanted to buy last year might cost
1:00.8	9% more now.
1:02.7	So yeah, that's my lukewarm take.
1:05.2	Investing has never been more crucial, more required than it is right now.
1:09.9	Building wealth is honestly no longer an option or a preference for those who are
1:14.4	already wealthy, it's the way normal people can continue to live a good life without feeling
1:20.9	squeezed.
1:21.9	But yeah, it requires two things.
1:25.1	The first, saving enough money each month that you can invest and the second, probably
1:31.3	the harder one, knowing how to invest.
1:34.5	I think most people who are stuck or haven't invested yet or haven't invested as much
1:39.5	as they should yet are finding a challenge in one of those two things that either don't
1:43.9	have enough margin and their monthly income to invest yet or they're sitting on a ton
1:48.8	of cash because they don't know what to do with it.
	...

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