Put your money to work while you sleep.
You need to invest your money, you can't afford not to. Investing is the easiest and most effective way to grow the money you've already saved. Sure, savings accounts grow but over a 30 year period, the market average will outperform a savings account by over 19,000%. Yes, that's nineteen-thousand percent. Chew on that for a moment.
Most people won't invest because they're afraid they'll lose their investment. We've all lived through dramatic market crashes. As a result, there is nothing we get asked more than "Is now the best time to invest or should I wait?". Well guess what? We can't see the future either.
The good news is, you don't need to be able to see the future to invest well. Actually, all you need to be is average at investing because in this case, average is actually pretty good. Like early retirement good. The best way to invest your money is simply.
There are no tricks here, we're just looking to ride the market average of 7% a year. Fun fact, a 7% average yearly gain will double your investment money in 10 years. Slow, steady, consistent wealth building - that's what we're all about.
Step away from the cliff, put down your anxiety medication and realize that it's not hard to be average. We're going to show you how to invest money.
There's a common saying in finance: Bulls make money, Bears make money, Pigs get slaughtered. Bulls are people who invest in growth, Bears in declines. Pigs, they're greedy ill informed gamblers trying their damnedest to get rich quick. Pro Tip: You can only get poor quick.
The Stock Market can be a casino if that's what you're into - we're not. Throwing your money at the market and hoping for a big win is not the best way to invest. We believe that if you're investing your hard-earned cash, it's important to understand what you're investing money in and why. Why do savings accounts lose money over the long term? How much money should go into Stocks and how much into Bonds? Lost money on an investment, should you sell now or when you break even? What's a bad investment look like? These are all key questions investment that we'll answer for you.
In addition to understanding the fundamentals of what you're doing and why, you need to do your research. The market is filled with tons of highly sophisticated investors with more knowledge and man-power (and woman-power) than you. It's important to only invest in what you understand and stick to areas where the balance is tipped in your favor. We'll break down where you can win with investing and when you're done you'll understand why.
When it comes to investing, education is always the answer.
You've done your research and diligently saved - now you're eager to get started investing. As you suspected there are many ways to do things but not all of them are efficient with your time or resources. Before you invest a dollar it's important to come up with a plan. Then, when you find yourself with cash to invest you just need to pull the trigger. Measure twice, cut once.
We're all different so there are no "one size fits all" investment strategies. A 20 year old will invest differently than someone who is 30 just like those with less time or interest will invest differently than those who want to be more hands on. A big part of your strategy will be self reflection and honesty. There are no wrong decisions in what we outline but a well thought out strategy will definitely advanced your goals quicker and reduce your stress.
You'll find plenty of sources that promise the 'next big thing' stock-wise, or 'buy this bond now' pitches - that's not how we roll. We're more interested in teaching you how to recognize long-term value and create investment strategies that put your money to work for you. You should feel confident in the decisions you're making with your money - and that you're able to take advantage of yearly gains you won't see with a savings account.
Now, if you resonate with Listen Money Matters and our approach it's likely that you'll also resonate with other people who feel the same way. That's why we created our Community. It's a place to run your strategies and ideas past like-minded people. Nothing beats a meaningful discussion with people who care.
Technology is necessary for success and when it comes to investing, there are plenty of tools to choose from. Whether you're a DIY Investor or a Hands-Off investor, the use of the right tools will make a serious difference on how quickly you can grow your wealth.
We use everything discussed and go to great lengths to breakdown every tool and explain why it's important. Dive deep on the below tools to automate your investing, allocate your investments appropriately and eliminate obscure fees that are dragging on your investment growth.
We'll say it again, using the best tools - particularly when you're new to investing - really is crucial. It's literally the difference between stumbling around in the dark and enjoying a sunny day. You'll have access to the metrics you need to make smart decisions with your money - and you can customize your portfolio to maximize your gains with a mix of investments that you feel confident and comfortable about.
Before committing to a tool, be sure to check out any retirement-related features that are available. This is one area that we receive a lot of questions on, so let these tools work their technological magic to make investing for your retirement much clearer.
A note: if you have any investment or retirement accounts not with a Robo-Advisor than you need Personal Capital. The tool adds a free layer of intelligence that is invaluable.
To say we're obsessed with managing money would be an understatement. We've created hundreds of articles and episodes to share what we've learned. They range from the basics of how to invest money and core concepts of investing to the sticky details like the backdoor IRA strategy.
While we encourage you to subscribe to our podcast and listen to our episodes in order, if you're looking to cover your bases on a specific investing topic than we created these classes for you.