In this episode of the Investing for Beginners Podcast, Dave and Andrew tackle a listener question about investing with platforms like Robinhood and how much money is needed to generate good returns with less than $100. They discuss the importance of a long-term investing strategy and consistently investing over time, rather than expecting instant wealth. They also share insights on the risks of speculation and the importance of building investing habits. Tune in to learn more about sustainable investing and how to make the most out of your investment journey, regardless of your initial budget.
00:02:57 Begin investing in Tesla gradually, no need to buy one whole share. Start with a quarter, and steadily increase. Even small monthly investments can add up over time.
00:05:39 Buy what you use for investing success.
00:08:41 Less focus on individual players in fantasy baseball.
00:13:05 Relevance of product in business analysis important.
00:15:39 Understand investing as long-term business ownership.
00:18:10 Unpredictable market fluctuations caused by various factors.
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Today’s show is sponsored by:
Head to factormeals.com/investing50 and use code investing50 to get 50% off.
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You can find the transcript of today’s show below:
