Jan 24, 2022
In the final installment of the Money Moves series on earning, saving and investing, Daniel breaks down the 6 fundamental elements of a portfolio that has both stability and tremendous growth potential.
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Resources Mentioned
What
is compounding?
https://www.investopedia.com/terms/c/compounding.asp
Vanguard ETFs
https://investor.vanguard.com/etf/list#/etf/asset-class/month-end-returns
Vanguard VOO Top 500 American
Companies
https://investor.vanguard.com/etf/profile/VOO
Fidelity ETFs
https://www.fidelity.com/etfs/overview
Buying a Foreclosed
House
https://www.investopedia.com/investing/buying-foreclosed-home/
Becoming Your Own Banker: Unlock
the Infinite Banking Concept
https://www.amazon.com/Becoming-Your-Own-Banker-Infinite/dp/B001NZO1DS
Timestamps
(02:55) The magic of compounding and the rule of 7. How
much would a penny be worth in a few years if you simply let it
compound?
(09:54) Crypto will be the current generation’s gift to
the monetary
system
(12:32) Where
to buy individual stocks: Vanguard, Fidelity, Robinhood and others.
Pros vs cons.
(18:35) What
are ETFs and how do they work? How are they different from
individual stocks and mutual
funds?
(26:09) Real-estate
investing: some high-level ideas. Buying foreclosures, apartment
units (house hackings) and more.
(33:40) Some
general portfolio tips: stay balanced, but keep growing! What is
the “Infinite Banking” system? Using your life insurance policy to
lend money to yourself
(37:36) Liquidity: what does it mean? What are the most
liquid assets?
(39:00) Closing
thoughts/Summary
Disclaimers
None of the contents of this show should be
taken as financial or legal advice. The New Wave Entrepreneur is
educational and entertainment content only. Remember: always
DYOR!
Podcast production by Risko
S.