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Are you a new investor? If so, this episode is for you! Many first-time investors tend to jump into the investing world without any preliminary knowledge about how the stock market works, which can create some misconceptions about returns, risk tolerability, and more. That's why in this first episode of Your Next Money Move podcast, we provide you with an Investing 101 crash course. At the end of this episode, you will be able to understand the basic core theories of investing and feel more confident about investing terminology. What we discuss: 00:55: How did we end up in financial planning? 07:25: What does "fiduciary" mean? 08:19: Why would one go for a CPA designation? 11:27: Why should one invest at all? 16:05: What are the options for investing money? 22:14: Active vs passive - what's the difference? 28:55: How can funds be segmented out? 35:44: What are ESG funds? 38:26: What about crypto? 41:47: What are commodities? 43:06: What is an investment policy statement (IPS)? 48:25: What does it mean to "time the market"? 53:19: What are some good practices for investors? Connect with us: Website: https://yournextmoneymove.com/ Instagram: https://www.instagram.com/yournextmoneymove/ Twitter: https://twitter.com/nextmoneymove
By Derek Lawson PhD, CFP® and Trent Porter CPA, CFP®Are you a new investor? If so, this episode is for you! Many first-time investors tend to jump into the investing world without any preliminary knowledge about how the stock market works, which can create some misconceptions about returns, risk tolerability, and more. That's why in this first episode of Your Next Money Move podcast, we provide you with an Investing 101 crash course. At the end of this episode, you will be able to understand the basic core theories of investing and feel more confident about investing terminology. What we discuss: 00:55: How did we end up in financial planning? 07:25: What does "fiduciary" mean? 08:19: Why would one go for a CPA designation? 11:27: Why should one invest at all? 16:05: What are the options for investing money? 22:14: Active vs passive - what's the difference? 28:55: How can funds be segmented out? 35:44: What are ESG funds? 38:26: What about crypto? 41:47: What are commodities? 43:06: What is an investment policy statement (IPS)? 48:25: What does it mean to "time the market"? 53:19: What are some good practices for investors? Connect with us: Website: https://yournextmoneymove.com/ Instagram: https://www.instagram.com/yournextmoneymove/ Twitter: https://twitter.com/nextmoneymove