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The Investing for Beginners Podcast - Your Path to Financial Freedom

IFB297: Listener Q&A - Is It Ever Too Late to Start Investing?

The Investing for Beginners Podcast - Your Path to Financial Freedom

Andrew Sather

Investing, Business

4.1 • 1.5K Ratings

🗓️ 31 July 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

Welcome to the Investing for Beginners podcast! In today's episode, we have a bunch of great listener questions and this time its from Spotify! A great feature to connect listeners and hosts so keep the questions coming! The episode today will revolve around a few important topics namely the timing of your investments, time horizon, portfolio allocation and more so listen on! Timestamps of the episode: -Is it too late to invest in your Roth IRA? [02:10] -Your investment time horizon dictates your portfolio mix. [05:40] -Being scared in investing vs investing the money you can't afford to lose. [08:38] -Is there even a safe way to invest? [12:51] -There is no magic number in portfolio allocation. It is whatever that makes you sleep well at night. [15:17] -It's always the consistent habit of putting money to work that compounds wealth. [20:13] -Taking profits out of your ROTH IRA's, is it sensible to do it now? [20:42] Note: Timestamps may differ and are approximate, depending on your podcast player. For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com  Today's show is sponsored by: Rocket Money: Stop throwing your money away. Cancel unwanted subscriptions – and manage your expenses the easy way – by going to RocketMoney.com/BEGINNERS. Babbel: Get 55% off your Babbel subscription at Babbel.com/BEGINNERS. Shopify: Sign up for a one-dollar-per-month trial period at SHOPIFY DOT COM SLASH “beginners”, ALL LOWERCASE. Go to SHOPIFY DOT COM SLASH “beginners” to take your business to the next level today. SUBSCRIBE TO THE SHOW Apple | Spotify | Google | Stitcher | Tunein You can find the transcript of today's show below: IFB297-Listener-QADownload Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is a Glass Rocks Media Podcast.

0:30.2

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0:36.0

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1:02.0

Look for on-pack info and coca for how to enter and tease and seize. Entrance must be 18 plus.

1:07.6

What's the best way to get started in the market? Download Andrew's ebook for free at stockmarketpdf.com.

1:19.6

Love this podcast because it crushes your dreams and getting rich quick.

1:22.8

They actually got me into reading stats for anything.

1:25.2

You're tuned in to the Investing for Beginners Podcast.

1:29.0

Led by Andrew Saither and Dave Ahern.

1:32.5

Step by step premium investing guidance for beginners.

1:36.4

Your path to financial freedom starts now.

1:40.1

Start now.

1:42.3

All right folks welcome to Investing for Beginners Podcast.

1:53.4

Today we have episode 297. Today we're going to answer four great listener questions we got from

1:59.2

Spotify. Spotify allows you to ask us questions and we can answer them.

2:04.0

So here we're going to go answer those questions.

2:06.0

So I'm going to read the first one without any further ado.

2:09.9

So hello I started investing early 2020.

2:13.5

My 60 year old mom asked me about investing because someone at work told her about it.

...

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