Your Cheat Sheet For Smarter Investing

Life Kit

NPR

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

4.5 • 4.9K Ratings

🗓️ 29 April 2019

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investing doesn't have to be hard. We explain how to grow a nice nest egg and avoid that four-letter word that starts with F ... fees.

Here's what to remember:
- Don't pick your own stocks.
- Don't sell stocks if the market crashes.
- Diversify your portfolio.
- Don't pay too much in fees.
- Invest in index funds, not actively managed funds.
- Rebalance your portfolio every year — then leave it alone.

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Transcript

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0:00.0	If you save and invest the right way, you can just have an awesome retirement where you travel
0:05.7	and have quality time with old friends and they come by and you can drink champagne every morning.
0:11.6	Okay, maybe not champagne every morning, but you get the idea. And I look some of you are
0:16.2	pretty on top of this whole saving and investing thing. And in this episode, we're going to help
0:20.4	you go farther and learn some really high level stuff. And others of you, you might be feeling a
0:26.0	little bit more like this. Um, I don't even know where to investments. That's probably it, right?
0:34.5	Those rare moments, if you even look at your retirement accounts, if you even have a retirement
0:39.1	account, you see the tangla graphs and ticker symbols of funds that somehow I guess you ended up with.
0:44.7	International FID diversified AF cap world small cap. But I promise that you too, once you know a few
0:53.6	basic principles, you're going to get this. What? I mean, really get it. I need to learn this
1:00.0	not better. That's okay. A lot of people do. We're here to help.
1:07.6	This is your NPR life kit for saving and investing. And in this episode, we're going to talk to one of
1:12.8	the greatest investors on planet earth. He's going to teach us a smart way to invest in a mix of
1:18.0	stocks and bonds and real estate. Call it the cheat sheet to setting up a great investment account.
1:24.0	We're going to learn how right after this.
1:34.1	Support for NPR and the following message come from LinkedIn Learning, which offers more than
1:38.6	13,000 online courses to help you achieve your goals. You can take a course like managing your
1:44.8	personal finances and learn from experts about saving money, managing investments, negotiating a
1:50.4	job offer, preparing for retirement and much more. LinkedIn Learning videos are short, so you can
1:56.4	fit a lesson in over lunch and apply it that afternoon. And life kit listeners get a month of
2:01.7	learning free. Start your free trial at LinkedIn Learning.com slash NPR.
2:07.9	I'm Chris Arnold and I cover consumer protection and personal finance for NPR. And in this episode,
	...

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