Investing 101, Pt 2: How to Get Started
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 27 September 2021
⏱️ 47 minutes
🧾️ Download transcript
Summary
School is back in session! And today, Jesse and Matthew Amster-Burton are discussing everything you need to do to get started investing for retirement. They break down the different types of investment accounts, mutual funds and index funds, bonds, and a few simple, stress-free strategies for investing.
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Transcript
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| 0:00.0 | Hello, wine average. My name is Jesse Meakum and this is podcast number 531 for Wine |
| 0:09.2 | Ab, where we teach you four rules to help you stop them paycheck to paycheck. Get out |
| 0:12.4 | of debt and save more money today is part two. The final installment of my chat with Matthew |
| 0:18.5 | Amsterdam. He's a Wine Ab team member here and a wealth of investment advice and I shouldn't |
| 0:22.9 | say advice, investment knowledge. We are not here giving investment advice, but you can certainly |
| 0:28.3 | use this as an educational resource. And then of course, as always, do your own very, very |
| 0:34.4 | careful research. Today we talk specifically about mutual funds, what they are, why they exist, |
| 0:40.0 | index funds, target date funds. We jump into 401ks and why they're so great and why if there's |
| 0:45.6 | a match, my word, and jump all over that, we talk about the idea of passive versus active investing |
| 0:53.6 | about how being average is above average. We hit on a point where we, you know, we even touch |
| 0:58.9 | a little bit of the crypto stuff, just a little and actually might dive into that next week. So |
| 1:05.9 | without further ado, this is my conversation with Matthew Amster Burton. At the very end, we talk |
| 1:10.7 | about how you can get started immediately and it is as simple as opening a bank account. I will |
| 1:17.3 | hope that you find something that spurs you to action from these last two episodes. And without |
| 1:22.8 | further ado, here's my conversation with Matthew. Okay, Matthew, welcome back to the Y&M podcast. |
| 1:30.7 | Thank you. We are not done. We're just getting started. Okay, I'm ready. Or maybe this is about |
| 1:36.3 | getting started today. Maybe that's where we're going to take this. So we kind of left in a spot where |
| 1:41.6 | we were saying mistakes people make when they are thinking about investing. And you had mentioned |
| 1:47.4 | specifically a few that like all in our control, you were saying we don't save enough. If you |
| 1:52.8 | want to fix your investment problems, save more. Yep. We try and time the market, think that we're |
| 1:58.2 | smarter than, I don't know. Smarter than the experts really. Like if you want to beat the market, |
| 2:03.8 | you have to be better than people who do this as a job and you're not. And that's not, that's not |
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