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Hey everyone! Merry Christmas to you!
On Monday I sent a question out to my mailing list and asked you to let me know if you had any solopreneur questions for me. Boy, did you! Below is a partial list of the questions on the show. As always, I love the feedback. Let’s keep it coming, and finish 2015 STRONG!
Just listened to this episode – terrific as always!
About halfway through you mentioned a guy named Aaron asking about where to get started on investing. The short and unsexy answer is to use mutual funds, and specifically, index funds. You could open a Vanguard account today, put half your money in an S&P index fund and the other half in a total bond fund index, forget about it, and do just fine long term.
Jason Zweig of the Wall Street Journal is great at breaking down investing into basics that are easy to follow.
William Bernstein is a master at explaining the use of index funds to create relatively simple or fairly complex portfolios.
John Bogle’s (who founded Vanguard mutual funds) Little Book of Common Sense Investing is a great place to start and end. There is a website of his followers, called Bogleheads. Bogleheads.org is the place to get financial questions answered, whether about investing or general finance. They also have a book called the Boglehead Guide to Investing that is excellent, excpecially for someone new to investing.
The Dough Roller Money podcast by Rob Berger is one of my favorites – Rob talks about investing from all different perspectives, including individual stocks, real estate, mutual funds, and peer-to-peer lending. He has an easy to follow style and knows what he is talking about.
Investing is much like the world of becoming a solopreneur – you can spend loads of time and money on the wrong things. Sometimes, the best answers are really simple and boring, but get you the best results and allow you to focus on the areas where you can help others.
I hope this helps. I am not a financial professional. I have no vested interest other than I know a bit about investing (real estate and the stock market) and can’t stand to see people get taken advantage of when they decide to get their financial and investing affairs in order. I’ll do my best to answer any questions I can or to point you in the right direction.