Join Jane Barratt for an in-depth discussion in this video DIY options, part of Personal Investing Basics.
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- There's never been a better time to…build your own investment portfolio,…at low or no cost.…However, there's a far greater cost involved…in investing than fees, or cost per trade.…It's the cost of not knowing what you're doing…and letting fear or emotions drive your decisions.…So, what does do it yourself mean?…The official financial industry term…is retail investors.…It doesn't mean that we buy retail stocks,…it means we're buying ourselves through a broker.…Think of the different asset classes.…
From real estate to bonds, or art to funds,…most investments that you buy have a…middle person involved, a broker.…And stocks, bonds, funds, and cash equivalents…are no different.…Even if you're buying and selling yourself,…you generally can't go direct to…your local stock exchange and buy.…For retail investors, the most inexpensive…route to market is through a retail broker,…like Schwab or TradeKing in the US,…or Saxo in Scandinavia, or Monarchs in Japan.…These companies will usually only charge…a cost per trade, so if you're a buy…
Jane is the founder of GoldBean, an online investing platform that helps first-time and experienced investors alike take their investments into their own hands. In this course, she shares her investment strategies with you. She breaks down the market into its five basic building blocks—cash and equivalents, stocks, bonds, funds, and insurance products—and the different vehicles where you can invest these building blocks. She also covers topics such as the importance of a balanced portfolio, understanding and managing your risk, identifying value in the market, and building your "money muscles" over time. Plus, learn how to calculate the rate of return of a portfolio vs. general market performance. Last, Jane outlines the options for DIY investing, when it makes sense to work with an advisor, and how to avoid costly investment fees.
- Why should you invest?
- Understanding compound interest
- Comparing stocks, bonds, and funds
- Managing risk
- Building a portfolio
- Finding where to invest money
- Working with a financial advisor