Impress People at Parties With Your Investing Knowledge
Motley Fool Answers
The Motley Fool
4.4 • 823 Ratings
🗓️ 20 January 2015
⏱️ 24 minutes
🧾️ Download transcript
Summary
Matt C. has a confession: "When my friends start talking about investing I just nod my head and pretend to know what they're talking about... I'm too embarrassed to admit that I don't know the difference between a stock, a bond and a mutual fund." You're in a safe place with us, Matt. We'll help you - and others - hold your own the next time the topic arises.
Transcript
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| 0:00.0 | Hey there, this is Motley Fool Answers. I'm Allison Southwick, and I'm joined as always by Robert |
| 0:08.7 | Brokamp and Deanna Yocum, personal finance experts here at the Motley Fool. Today, we're going to |
| 0:15.7 | head to the mailbag to answer a question that maybe even you might be too embarrassed to ask, but that's okay, because |
| 0:22.6 | this is a safe place, unless you're wearing clogs, in which case Deanna is going to make fun |
| 0:28.0 | of your footwear, even though they are very comfortable, and you have a long walk to work |
| 0:32.4 | every day. Yes. I don't think I've ever worn clogs, actually. Good for you. Yeah, I'm not to try them. Do you have crocs though? Do you have no? No, you don't have house shoes? No, I have homie simpsons slippers, actually. Does that count? That's cool. Yeah, I'm cool. Now I know what to get Allison for her birthday. Different shoes? Yeah, just, but mostly Homer Simpson's Lipplers. |
| 0:55.3 | Bury me and my clogs. |
| 0:56.5 | They're fun. |
| 0:57.1 | All right. |
| 0:57.4 | So let's just get to today's question. |
| 1:00.0 | And this comes to us from Matt C. |
| 1:03.1 | When my friends start talking about investing, I just sort of nod my head and pretend to know what they're talking about. |
| 1:08.9 | I've been doing this for so long. |
| 1:10.4 | I'm too embarrassed to admit that I don't know the they're talking about. I've been doing this for so long. I'm too |
| 1:10.9 | embarrassed to admit that I don't know the difference between a stock, a bond, and a mutual |
| 1:16.5 | fund. Help me sound smart. Now, to be fair, this is not a question, and a please would go a long |
| 1:22.9 | way, but we are here to help you, and all of you listeners, not just Matt C, sound smart. So we're going to start with some basics here. And we are here to help you and all of you listeners not just mat C sound smart so we're |
| 1:30.4 | going to start with some basics here and we're going to define stocks bonds mutual funds and we're |
| 1:35.0 | going to make you sound smarter at cocktail parties or at least know what other people are talking |
| 1:38.5 | about actually one of my favorite parts of andrew tobias's book the only investment guide you'll |
| 1:42.7 | ever need is a chapter buried at the end |
| 1:45.2 | that says basically lines you can use at a cocktail party to sound impressive. |
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