As investing becomes increasingly popular and accessible, especially with cryptocurrency and NFTs, young adults and students are becoming more interested in making a passive income. But should you really be investing while in school? If so, what are the best ways to invest as a student?
Join Rob Bertman, CFA, CFP®, and Molly Laughter, MBA CFA, CFP®, to discuss whether or not investing while in college is a good idea, and how to approach investing, saving, and budgeting the right way.
In today's episode, you'll find out:
- How to lower your student loans in medical school
- Benefits of investing early in life
- Pros and cons of investing as a college student
- What you need to know about compounding interest and your "time horizon"
- Easy and efficient ways to invest and the best investing platforms and apps
- How roboadvisors work – Should you use a roboadvisor?
- Why investing and stock trading could decrease your productivity and performance in school
- Tips for budgeting, saving, and leveraging credit as a student
- Why you shouldn't use your student loans to fund investments
- Should you invest in a Roth IRA or stocks while in college?
- Our candid thoughts on Acorns and similar money-saving apps
- How to select the best types of investments that suit your goals and lifestyle
Links mentioned:
Fidelity Reviewed Which Investors Did Best and What They Found Hilarious
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