smart tips for investing
TRANSCRIPT
Smart Tips for Investing
#CreditChatWednesdays | 3 p.m. ET
Join our #CreditChat every Wednesday at 3 p.m. ET. This week, the community shared some tips about how to get
started and be smart with investing.
ex.pn/investing
Why is investing important?
#CreditChatWednesdays | 3 p.m. ET
Investing is important because it has the potential to create financial freedom. It can allow your hard-earned money to
keep up - or exceed - inflation.
#CreditChatWednesdays | 3 p.m. ET
Brad Sherman@shermanwealth
Investing, when handled properly, can be a great way to accumulate
wealth and fund some of your long-term financial goals!
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Leslie H. Tayne, Esq@LeslieHTayneEsq
Investing is the best way to build savings for retirement.
“
#CreditChatWednesdays | 3 p.m. ET
”
Rod Griffin@Rod_Griffin
Investing is the best way to build savings
for retirement.
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Rod Griffin@Rod_Griffin
Investing gives you the opportunity to grow your money. It can create passive income streams and boost
your net worth.
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Kasasa@Kasasa
When should people start investing?
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Start investing ASAP - the sooner the better.
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Debt Free Guys@DebtFreeGuys
Always start investing as early as possible to reap the rewards of
compounded interest.
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Brad Sherman@shermanwealth
Start investing as soon as possible. Even a little adds up to a lot over a
long time.
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Rod Griffin@Rod_Griffin
Start early! Not only does this give you more potential to earn,
but if there is a learning curve get it out quickly!
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Kasasa@Kasasa
Matching contributions aside, typically investing begins after
an emergency fund is established and goals are
accounted for.
“
#CreditChatWednesdays | 3 p.m. ET
Douglas A. Boneparth@dougboneparth
”
Matching contributions aside, typically investing
begins after an emergency fund is
established and goals are accounted for.
#CreditChatWednesdays | 3 p.m. ET
Douglas A. Boneparth@dougboneparth
What are different ways to invest?
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You can invest in stocks, bonds, mutual funds, CDs and more. You
can control it all or work with a broker.
#CreditChatWednesdays | 3 p.m. ETSoutheast Financial
@SFCUNews
Start with your company’s 401k; Auto deduction, free money if
matched, and you don’t need to be an expert.
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Rod Griffin@Rod_Griffin
Investing in real estate is one of the most stable long-term investments
one can make!
“
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”Wise Bread@Wisebread
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CapWest Mortgage@CapWestMortgage
Investing in real estate is one of the most stable long-term
investments one can make!
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CapWest Mortgage@CapWestMortgage
#CreditChatWednesdays | 3 p.m. ET
It Pays Dividends @ItPaysDividends
Don’t forget about investing in yourself through conferences,
networking, extra education, etc.
Invest in professional help. Don’t try to be an expert, just work with a
great one!
#CreditChatWednesdays | 3 p.m. ETRod Griffin
@Rod_Griffin
What are some mistakes to avoid when investing?
#CreditChatWednesdays | 3 p.m. ET
Avoid concentrating your investments in one place, especially your own
company’s stocks. Diversity is key.
#CreditChatWednesdays | 3 p.m. ETSoutheast Financial
@SFCUNews
It’s important to know your risk tolerance, investment goals,
investment objectives, and time horizon.
#CreditChatWednesdays | 3 p.m. ETDebt Free Guys
@DebtFreeGuys
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Cinfed Credit Union @CinfedCU
Invest it and forget it - don’t jump off the ride when the market dips. It will come back. You just have to
wait.
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Don’t lose sight of common sense and be realistic of your financial
boundaries when investing.
#CreditChatWednesdays | 3 p.m. ETVouch
@vouch
Make sure you pay attention to taxes and the tax implications of
your various investments!
#CreditChatWednesdays | 3 p.m. ET Brad Sherman
@shermanwealth
Don’t buy cheap stocks just because they are cheap. They are
probably cheap for a reason.
“
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” Cinfed Credit Union
@CinfedCU
Don’t buy cheap stocks just because they are cheap. They are probably cheap
for a reason.
#CreditChatWednesdays | 3 p.m. ET Cinfed Credit Union
@CinfedCU
What are some simple ways to get started with investing?
#CreditChatWednesdays | 3 p.m. ET
Podcasts can also be a great tool for learning about investing,
understanding the basics, and discovering what’s best for you.
“
#CreditChatWednesdays | 3 p.m. ET Leslie H. Tayne, Esq
@LeslieHTayneEsq
”Podcasts can also be a great tool
for learning about investing, understanding the basics, and
discovering what’s best for you.
#CreditChatWednesdays | 3 p.m. ET Leslie H. Tayne, Esq
@LeslieHTayneEsq
Self-education. Plenty of blogs and books from the library. Start with
virtual trading to gain some practice.
#CreditChatWednesdays | 3 p.m. ET Cheapsters
@Cheapsters
Easiest way to invest is through the workplace. Sign up for 401k or
open an IRA.
#CreditChatWednesdays | 3 p.m. ET Jamie Kalamarides
@kalamarides
Talk with a good adviser. They can help determine strategies that fit
our personality and goals.
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Rod Griffin@Rod_Griffin
How do you decide how much should go toward investing vs. paying off debt?
#CreditChatWednesdays | 3 p.m. ET
Pay off debt - then invest.
“
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”
Cinfed Credit Union@CinfedCU
Pay off debt - then invest.
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Cinfed Credit Union@CinfedCU
If your company matches, always invest at least to the match. Use
the rest to pay down debt.
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Rod Griffin@Rod_Griffin
It’s generally a good rule of thumb to save the heavy investing until
after you’ve paid off debt.
#CreditChatWednesdays | 3 p.m. ET
Kasasa@Kasasa
Difficult, personal choice, but have no credit card debt and your
emergency fund before investing!
#CreditChatWednesdays | 3 p.m. ET
Cary Carbonaro, CFP@CaryCarbonaro
Have an emergency fund, pay off credit card debt, and then look at risk tolerance to decide investing
vs. paying off other debt.
#CreditChatWednesdays | 3 p.m. ET Kevin C. Swanson
@kevincswanson
Any final tips for those interested in investing or making more investments?
#CreditChatWednesdays | 3 p.m. ET
The earlier you start, the more mistakes you can make and still
end up on your feet. Fail early for future success!
#CreditChatWednesdays | 3 p.m. ET
Compare Cards@CompareCards
Educate yourself and don’t be afraid of making a mistake or two along the
way.
#CreditChatWednesdays | 3 p.m. ETSoutheast Financial
@SFCUNews
There is no better day than today to invest. Procrastination is not
wise when it comes to investing.
“
#CreditChatWednesdays | 3 p.m. ET
Cary Carbonaro, CFP@CaryCarbonaro
”There is no better day than today to invest. Procrastination is not
wise when it comes to investing.
#CreditChatWednesdays | 3 p.m. ET
Cary Carbonaro, CFP@CaryCarbonaro
Don’t try to time the market. Investing is about TIME IN the
market not TIMING the market.
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Debt Free Guys@DebtFreeGuys
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