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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: The Simple Path to Wealth with JL Collins (Investing Podcast)

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 3 September 2021

⏱️ 75 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 6:39 - What to do if you have debt and if you should pay off your debt before investing 25:16 - How people can invest in both a bull market and a bear market  30:53 - Why you might want to keep your investing simple and invest in index funds 46:17 - What factors to consider when choosing a brokerage firm 66:55 - What the biggest mistake new investors make And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. JL Collin’s article “You, Too, Can Be Conned” JL Collin’s article “Why I Don’t Like Dollar Cost Averaging” JL Collin’s article “Too Hot. Too Cold. Not Pure Enough.” Vanguard Total Stock Market Index Fund (VTSAX) Vanguard S&P 500 Index Fund (VOO) Rick Ferri’s book The Power of Passive Investing Joel Greenblatt’s book The Little Book That Still Beats the Market Daniel Crosby’s book The Behavioral Investor Mohnish Pabrai’s book The Dhandho Investor All of Robert’s favorite books SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with JL: Website | Twitter   Connect with Robert: Website | Twitter | Instagram  HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.0

So of course this is scary and of course it feels different.

0:06.0

They always do, but they never are.

0:09.0

And if someday comes where it truly is different and the market doesn't recover,

0:14.0

you've just witnessed either the end of the United States as a viable country or the end of civilization overall.

0:24.2

On today's show, we continue to revisit some of my favorite podcast from the past in this

0:30.0

millennial investing rewind. If you've missed our previous rewind episodes, we've started to

0:35.6

reshare some older episodes that are my favorites for a few

0:39.3

reasons. One, we get a bunch of new listeners each week, so the new listeners may not have

0:44.6

heard this episode before. Two, even if you've been listening for a while, you may have missed

0:50.1

this episode when it originally came out. Or three, even if you've heard it before,

0:55.2

it can be a great episode to learn from again. If you've already heard this episode or you're

0:59.9

not interested in hearing it, feel free to just skip it. There's no harm in that, and you

1:03.7

can pick up with our new episodes next week. Also, if you've been listening for a while,

1:09.0

you know about the fee for this show. And if you're new, I want to let you know that we do have a fee for listening to the Millennial Investing and Real Estate 101 Podcasts. It's not a monetary fee. I don't want you guys to have to pay me anything to listen to the show. I'm actually happy and proud to be able to bring this to you guys for free and provide all of this content

1:27.9

for free. But what we ask for the fee is for you to share this show with one friend. For every

1:35.0

episode that you like the show, just share it with one friend. I'd love it if you shared this

1:39.4

across social media and told hundreds of people, but you don't have to do that. You can satisfy

1:43.9

the fee by

1:44.5

just sharing every episode that you like with one person. If an episode makes you think of something

1:50.2

in a different way or teaches you something new, just share that episode with a friend. And we've

1:55.5

made it easy for you to do that by creating what is called starter packs. So what we've done to make it easy for you guys to pay

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