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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What is compounding?
Vanguard VOO Top 500 American Companies
Buying a Foreclosed House
Becoming Your Own Banker: Unlock the Infinite Banking Concept
(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
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.