Smart Strategies for Advanced Investing and Active Trading

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 3 August 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Discover the risks and rewards of active investing, and when to consider calling in professionals for trading decisions. If you’re ready to take your investing game to the next level, then listen as NerdWallet’s Sean Pyles and Andy Rosen discuss the ins and outs of advanced investing strategies. They tackle the topic of autonomy over your investments, examining the rewards and risks that come with managing your own portfolio. They discuss how to assess your risk tolerance so you can make more informed decisions, then introduce some of the diverse strategies people use to invest. Sean and Andy then demystify the world of active trading and explain how paper trading can help you test your investing skills without risking any of your hard-earned money. You’ll walk away with a better understanding of the motivations and potential outcomes of active trading, no matter what types of investments you’re considering making. In their conversation, the Nerds discuss: investing strategies; technical analysis; advanced investing; day trading; swing trades; exchange-traded funds (ETFs); risk tolerance; active trading; DIY investing; professional financial management; portfolio allocation; robo-advisors; index funds; trading risks and rewards; buying stocks; paper trading; commodities; and when to consider working with an investment advisor. Please take our listener survey at https://nerdwallet.com/podsurvey to help us improve the show! Survey participants will be automatically entered into our Smart Money Podcast Sweepstakes for a chance to win a $100 Amazon gift card when you complete and submit the survey form. The Sweepstakes period is from June 19, 2023, to August 7, 2023. Limit One (1) Entry per person. No purchase necessary to enter or win. Odds of winning will be determined by the number of eligible entries received. Read the Official Rules for more details. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
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0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
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0:25.3	Prime Video.
0:27.0	Click or tap the banner to find out more.
0:30.1	So you've done some investing for the long term.
0:33.1	Put some money in an index fund, maybe a few bonds, maybe even stuck a toe into an individual stock
0:39.5	investment. But you keep hearing the siren call of the market and you're wondering if there's
0:44.2	more. Investing involves providing money even temporarily to support some kind of economic activity,
0:50.3	the growth of a business, the exchange of an asset, or even just helping the market determine the proper price of an asset.
0:56.4	These activities are essential in society as it's currently set up, so you can think about it as playing a small role in the grand economic picture. Welcome to Nerd Wallet Smart Money podcast. I'm Sean Piles.
1:20.4	And I'm Andy Rosen.
1:21.8	This episode kicks off our nerdy deep dive into next level investing.
1:25.8	We are leaving the land of safety people, so listen at your
1:29.1	own risk and figure out your risk tolerance because we are no longer in the slow and steady lane.
1:35.1	That's right, Sean. Full speed ahead. Well, maybe after you've listened to this series and
1:40.5	after you've put all the necessary funds into your retirement, a college savings account,
	...

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