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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI001: A Guide to Getting Started Investing with Stig Brodersen (Investing Podcast)

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6593 Ratings

🗓️ 21 August 2019

⏱️ 57 minutes

🧾️ Download transcript

Summary

On today’s show, I talk with Stig Brodersen. Stig is Co-Founder and Co-Host of We Study Billionaires by The Investor’s Podcast Network, a best-selling author, and a former college professor. He has successfully grown We Study Billionaires to the #1 stock investing podcast in the world, while building a platform that is also a leading authority in stock investing. IN THIS EPISODE YOU'LL LEARN: How to pick a brokerage company to invest with. What stocks, ETFs, mutual funds, bonds, commodities, and options are. Different investment strategies that can be implemented. How to actually buy and sell stocks and funds. How and why compounding is so important for millennial investors. How to keep your emotions in check and set realistic expectations. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. How to buy a stock or ETF – Step-by-step Guide for Robinhood How to buy a stock or ETF – Step-by-step Guide for Fidelity Investments Money Under 30 Compounding Example Download your free audiobook at Audible Ramit Sethi’s book I Will Teach You To Be Rich (I originally thought this book was a scam, too, but I gave it a shot and it’s actually GREAT) John Bogle’s book The Little Book of Common Sense Investing Guy Spier’s book The Education of a Value Investor Mohnish Pabrai’s book The Dhandho Investor: The Low-Risk Value Method to High Returns NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Stig: Twitter|LinkedIn Connect with Robert: Instagram | LinkedIn | Twitter | Facebook Email: Robert@TheInvestorsPodcast.com 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 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP.

0:02.5

My name is Dick Broderson, host of We Study Billionaires by The Investors Podcast Network.

0:07.6

I'm honored to welcome you to our new show, Millennial Investing.

0:11.9

Your host of the show is Robert Leonard, a highly successful millennial stock and real estate

0:16.7

investor who holds an MBA in finance and accounting.

0:20.5

On millennial investing, Robert will every

0:22.5

week talk to successful entrepreneurs, business leaders and investors in aims to help educate and

0:28.4

inspire the millennial generation. On today's show, we talk about the best practices and

0:34.2

provide step-by-step guidance for millennials who like to invest in financial markets,

0:39.5

but are not really sure how to get started.

0:43.0

You're listening to Millennial Investing by the Investors Podcast Network, where your host, Robert

0:48.8

Leonard interviews successful entrepreneurs, business leaders and investors to help educate and inspire the millennial

0:55.6

generation.

1:00.7

Hey, everyone.

1:05.8

Welcome to the show.

1:06.6

I'm your host, Robert Leonard, and I'm excited to have Stig Broderson from We Study Billionaires by the Investors Podcast Network with me today as my co-host. Welcome to the show, Stig. Thank you, Robert, for letting me co-host the very first episode of your new show. I also know that Preston is very excited about co-hosting this second episode with you. And I just quickly wanted to say to your listeners that Preston

1:27.6

I would only co-host the very first two episodes. And then you, Robert, will host the show

1:32.4

alone. And the format of a show is to invite guests who can teach all of us millennials with

1:37.7

a long time horizon how to best invest our money and time. But hey, let's jump right to today's

1:44.0

episode. Sure thing. So I want to

1:46.9

start this episode by talking about the very first step you have to take in your investing journey,

1:51.6

and that is opening a brokerage account. The first thing you have to do is determine which

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