The Power of Long-Term Investing and Compound Interest

Exploring the benefits of long-term investing over day trading, emphasizing compounding as a key wealth-building tool for millennial investors. The chapter cautions against blindly following gurus and stresses the importance of starting early to maximize the growth potential of investments.

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Robert Leonard talks with Stig Brodersen. Stig is Co-Founder and Co-Host of We Study Billionaires by The Investor’s Podcast Network, a best-selling author, and a former college professor. He has successfully grown We Study Billionaires to the #1 stock investing podcast in the world, while building a platform that is also a leading authority in stock investing.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

01:46 - How to pick a brokerage company to invest with.

06:23 - What stocks, ETFs, mutual funds, bonds, commodities, and options are.

10:17 - How to keep your emotions in check and set realistic expectations.

27:36 - How to actually buy and sell stocks and funds.

35:29 - Different investment strategies that can be implemented.

49:38 - How and why compounding is so important for millennial investors.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Money Under 30 Compounding Example.
Recommended Book: I Will Teach You To Be Rich by Ramit Sethi.
Recommended Book: The Little Book of Common Sense Investing by John Bogle.
Recommended Book: The Education of a Value Investor by Guy Spier.
Recommended Book: The Dhandho Investor: The Low-Risk Value Method to High Returns by Mohnish Pabrai.
Check out the books mentioned in the podcast here.

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