How to Invest Money Like A Pro (Even If You Haven’t Started)

If you want to create wealth, investing is one of the best ways to make it happen, besides winning the lottery or inheriting a fortune, of course. No matter if you’re saving for a luxury retirement, ivy league education expenses, or to pass money to the next generation, investing consistently over time is a wise strategy.

Problem is, investing can be intimidating, and no one wants to lose money, right? Many people never get started, or they have big misconceptions about what good investing really is.

I interviewed Chris Hill from The Motley Fool to chat about common mistakes that new and seasoned investors should avoid. If you haven’t already heard of The Motley Fool, it’s a multimedia financial services company that’s been providing advice for investors since 1993. Chris oversees business strategies and a lot of audio programming at The Motley Fool. He’s the terrific host and friendly voice behind two wildly popular podcasts: Motley Fool Money and MarketFoolery.

Motley Fool Money airs every week on more than 50 radio stations across the United States. It is consistently ranked as a top business and investing show on Apple Podcasts and other podcast sites. Chris interviewed me for the February 28, 2019 episode of the MarketFoolery podcast, which is another top-ranked daily show.

On the Money Girl podcast, Chris and I discuss his background, answers to common questions from his audience, and a variety of investing topics, including:

• Overcoming barriers to getting started with investing and why it’s easier than you may think
• The best account to begin investing with and how to make it automatic
• The only investment fund you may ever need
• Big misconceptions about investing that you should avoid
• How your temperament plays a role in investing success
• Why holding too much cash can be dangerous in the long run
• The “sleep factor” for an investment
• The pros and cons of the robo-investing trend

[Listen to the interview using the embedded audio player or on Apple Podcasts, SoundCloud, Stitcher, and ...

Keep reading on Quick and Dirty Tips