The Prof G Pod with Scott Galloway Office Hours: The Investing Episode
Aug 30, 2021
Is buying a home a wise long-term investment? Dive into thoughts on the current real estate market, housing stock, and interest rates. Explore the power of compound interest for young investors and the benefits of low-cost ETFs. Gain insights on navigating the volatile crypto landscape and tackling inflation while protecting your investments. Learn about effective strategies for managing inherited wealth and the crucial role of parents in building a secure financial future for their children.
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Transcript
Episode notes
Homeownership Advice
- Consider buying a house if renting is comparable in cost and you have a long-term horizon.
- Ensure you can handle potential price dips and have stable income.
Investing for Beginners
- Invest in low-cost ETFs and diversify across sectors.
- Avoid frequent checking and commit to long-term investing.
Inflation and Investment Strategy
- Inflation is persistent due to supply chain issues and increased demand.
- Invest in hard assets like real estate or gold to hedge against it.