In this 10 part video series, Jim Collins shares his advice about investing in the stock market. He’s been investing for over 40 years and financially independent for 25.
Today’s topic: Why you should expect several major stock market crashes in your lifetime and that’s OK 🙂
We were thrilled with all of the questions we got from teenagers wanting to invest in the stock market after our last video. Instead of answering everyone individually, we decided to make a video about it!
In the video we discuss how we would invest in the stock market if we were under 18. Keep in mind, we’re not qualified to give you this kind of advice. We just remember being young and confused. All we wanted was someone to spell out ONE WAY of investing, just to show how it works.
UPDATE: You need what’s called a “custodial account” at vanguard if you’re under 18. You have to call them to set it up.
More Info: https://personal.vanguard.com/us/insights/article/teen-roth-072014
Why Don’t They Teach This in School – https://goo.gl/wrDl29
12% Returns – https://goo.gl/y1XZJf
Vanguard – www.vanguard.com
Further Reading – http://jlcollinsnh.com/stock-series/
Dave Ramsey says you can expect a 12% return from the stock market. Naysayers say you can expect zero and the economy is about to collapse. We say….it’s probably somewhere in the middle.
This is a follow-up to our unintentionally controversial video last week about the power of compound interest.
Why Don’t They Teach This in School? – https://goo.gl/kAYaEM
IndexView – http://thume.ca/indexView/
Mr. Money Mustache 7% – http://goo.gl/fz18DG
Simple Dollar 7% – http://goo.gl/xyvTuf
The question we get asked most often is ‘how do I get income from my retirement accounts into my checking account when I retire’? Most people understand the 4% rule, but few ask how investments pay the bills.
The reason is likely because phrases like withdrawal and drawdown strategy are not very sexy. Well, this isn’t going to be sexy. But it will be short and to the point.
The second most popular question is, ‘what about penalties if I retire before 59.5’? That will have to wait until next week!