Hosts: John and David Thompson
Episode Summary:
In this episode of SMPL Money, John and David discuss the essentials of investing, focusing on stocks and the equities market. John shares his extensive experience, while David brings a fresh perspective on how younger generations approach investing. They delve into the accessibility of investment tools today, the concept of dollar-cost averaging, and the importance of long-term investment strategies.
What You'll Learn:
- The evolution of investing and how accessibility has changed over generations.
- The concept of dollar-cost averaging and its benefits.
- Long-term investment strategies and the importance of consistency.
- The roles and benefits of financial advisors.
- Key investment principles: safety, liquidity, and return.
- The importance of starting early and being disciplined in investment habits.
- Recommended reading: "The Richest Man in Babylon" by George S. Clason.
Timestamps:
- [00:00] Introduction to the episode and hosts
- [01:00] Early experiences and understanding of investing
- [02:00] The impact of accessibility and technology on investing
- [03:00] Common misconceptions about younger investors
- [04:00] Explanation of dollar-cost averaging
- [06:00] Long-term investment perspectives and goals
- [07:00] The role of financial advisors and their impact on investment performance
- [09:00] Key investment principles: safety, liquidity, and return
- [11:00] Lessons learned from John about investing
- [12:00] Recommended reading: "The Richest Man in Babylon"
- [13:00] Managing and checking your investments: How often is enough?
- [15:00] Final thoughts and advice for investors
Resources Mentioned:
- "The Richest Man in Babylon" by George S. Clason (Amazon Link)
Connect with Us:
Reach out to John and David with your questions or feedback. SMPL Mortgage
Follow us on social media for updates and more insights. @smplmortgage
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