Show Notes
How do you start investing when you are worried about making the wrong first move? Before choosing an investment, consider what the money is for, when you may need it, and how much risk you can realistically take.
In this episode of Fool Disclosure, Bill Mann and Shelby McFaddin discuss how beginners can start investing based on their goals, time horizon, and financial situation. They explain the difference between risk tolerance, how much risk feels comfortable, and risk capacity, how much risk your circumstances allow you to take. Bill and Shelby also compare active and passive investing, explore diversified index funds and Roth accounts, and discuss how much money someone may need to begin. They examine how emotions, upbringing, financial security, and past experiences can influence investment decisions.
Bill and Shelby discuss:
How to start investing when you are new to the stock market
What to consider before choosing your first investment
How much money you may need to begin investing
The difference between risk tolerance and risk capacity
How financial goals and investment time horizons affect risk
And more!
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LinkedIn: Shelby McFaddin
More from Fool Disclosure
What separates successful long-term investors from everyone else? It often isn’t having more information. It’s knowing what deserves your attention and what doesn’t.
Welcome to the Fool Disclosure podcast with Bill Mann and Shelby McFaddin from Motley Fool Asset Management.