Personal Finances for New Investors With Guest Bob Corker

29/03/2023 41 min Temporada 1 Episodio 2
Personal Finances for New Investors With Guest Bob Corker

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Episode Synopsis

In the second episode of The Strong Mind Strong Will Podcast, Adam Interviews Bob Corker about personal finances for new investors.0:01: Introduction. 0:36: Disclaimer. 1:13: Bob Corker Introduction/Background. 2:26: Investing tips for those just beginning their journey. 4:10: Importance of understanding your income and expenses. 4:59: How to save as a young person. 5:40: Biggest mistake new investors make. 6:50: Why you shouldn’t try and time the market. 9:35: Adam's personal experience with day trading. 11:12: How much do new investors need to know about taxes before investing? 15:57: The significance of companies matching investors' contributions. 17:26: The best way for new investors to increase returns in their portfolio without increasing risk too much/significance of investment diversification. 19:02: How correlation between asset classes affects investments. 22:02: Should new investors buy their own stocks or participate in a managed fund? 22:34: The best way for new investors to become more knowledgeable about investing. 26:49: How investing has changed over the decades as well as its overall impact on modern-day society. 28:15: Bob’s worst and best investments and what he learned. 34:23: How new investors should think about highly leveraged investments. 37:30: Investment targets for new investors. 40:36: Wrapping up and coming full circle.

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