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Life Kit

Simple Steps to Smarter Investing, Even During COVID-19

Life Kit

NPR

Education, Self-improvement, Health & Fitness, Business, Kids & Family

4.54.9K Ratings

🗓️ 21 August 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

When COVID-19 began, the stock market fell off a cliff — leaving less experienced investors wondering, "should I sell to stop the pain!?" The answer, as it always is, was "NO!" The market has now come roaring back, and analysts are wondering, "Can it last, and should people sell stocks?" In this episode we talk to one of the best investors on the planet about the most successful approach to riding out stock market storms and beyond.

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Transcript

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0:00.0

This is NPR's Life Get and congratulations.

0:07.3

You have made it to the final episode of our personal finance tune up.

0:11.0

I hope you're feeling a little more informed, a little more empowered.

0:14.1

Got that warm glow inside and maybe you even found a little money that you didn't realize

0:19.6

that you had by saving it different ways.

0:21.4

This is all good news and I mean look, I know a lot of people are struggling financially

0:26.0

right now.

0:27.2

If you're lucky enough to still be employed, maybe you have some extra cash coming in.

0:31.5

Cancel vacations and not eating out or going to the movies and this might be a time to

0:35.4

think about your long term future and saving more than you normally would.

0:39.1

But either way, no matter how much you're saving, if you've got a nest egg of any size

0:43.8

and you want to grow it for the future, this is our final box to check off.

0:47.9

And it's actually really my passion personally and all this personal finance stuff, investing.

0:53.4

Because if you save and invest the right way, that money that you've saved, I mean, it's

0:58.6

snowballs, it grows and after a number of years, it's like it gets bigger and bigger and

1:02.9

you watch it and it's really cool.

1:05.1

And you can save enough money to have a great retirement down the road, a retirement where

1:09.3

you'll be able to travel and do all the fun things we really can't do during a pandemic.

1:14.4

And we've also put this together in a way that I know that some people are like super

1:18.2

on top of saving and investing and they like read the Molly Fool and do all these things.

1:22.6

In this episode, we're going to help you go farther and learn some really high level

1:27.4

stuff and others of you, we got your back to what you might be feeling a little bit more

...

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