How to Make Money Trading Stocks

6min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

When you're learning about investment strategies like day trading from quote unquote gurus who are posting ads all over the internet, I find it very important to consider how that guru is actually making their money. The answer to that question can be very telling us whether you should trust them with investment advice or not. Hold that stock or that ETF for years for decades and not jump in and out on an hourly or daily basis. It's hard to do over the long term. You might be able to do it for a short period of time and make a little bit of money, but it's very difficult to do consistently and successfully for a long period of time.

On today’s show, I talk 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:

How to pick a brokerage company to invest with.
What stocks, ETFs, mutual funds, bonds, commodities, and options are.
Different investment strategies that can be implemented.
How to actually buy and sell stocks and funds.
How and why compounding is so important for millennial investors.
How to keep your emotions in check and set realistic expectations.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
How to buy a stock or ETF – Step-by-step Guide for Robinhood
How to buy a stock or ETF – Step-by-step Guide for Fidelity Investments
Money Under 30 Compounding Example
Download your free audiobook at Audible
Ramit Sethi’s book I Will Teach You To Be Rich (I originally thought this book was a scam, too, but I gave it a shot and it’s actually GREAT)
John Bogle’s book The Little Book of Common Sense Investing
Guy Spier’s book The Education of a Value Investor
Mohnish Pabrai’s book The Dhandho Investor: The Low-Risk Value Method to High Returns

NEW TO THE SHOW?

Check out our Millennial Investing Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Stig: Twitter|LinkedIn

Connect with Robert: Instagram | LinkedIn | Twitter | Facebook

Email: Robert@TheInvestorsPodcast.com

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm