Episode 89: Today’s show answers listener questions about investing a small portfolio. This is a follow up to Episode 16: Saving vs Investing.
My philosophy is much different than most in the Investment Industry- I don’t think you should Invest until you’ve built a substantial Savings nest egg. You should first learn to EARN (ie get a job or start a business), then SAVE, then INVEST.
Put your effort into what has the most payoff- which in the beginning will be EARNING and SAVING. The Investment Industry wants you to “invest” so that they can charge you fees. The deck is stacked against people with small portfolios.
Everyone asks me how to make a good $1k investment…but no one ever asks where they can buy a nice BMW with $1k. Because they KNOW you can’t buy a nice BMW with a small sum of money…the same is true of investment opportunities.
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Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.
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Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.