by Erin Lowry
reinvesting and, 41, 97, 121, 132, 134, 143, 176, 193
rules of thumb in, 51–52
selection of, 6, 27, 60–61, 94, 103, 110–24, 126, 129–31, 175, 179, 217
starting early in, 4, 6–7, 9–12, 19–20, 24, 40, 59–60, 89, 117, 135, 195, 202, 204, 207
terminology in, 30–46, 50
theories of, 45–46
investing advice, 15, 100, 111, 131, 183, 209–18
books for, 212–14
brokers for, 213–14
costs of, 209, 217–18
courses for, 218
highly technical sites for, 210–11
media outlets for, 211
online resources for, 216–18
podcasts for, 211–12, 218
Investopedia, 122, 210
Investor.gov, 10n, 210
Investors Podcast, The, 212
Jaconetti, Colleen
on fees, 104, 106
on investing while paying off student loans, 86, 88
on market crashes, 173–75
on retirement investing, 60–61
on stock picking, 113, 123
on tactics of wealthy people, 202–3
Jill on Money, 204
Jlcollinsnh.com/stock-series, 217
JPMorgan Chase, 198
Kennedy, Joseph P., Sr., 55
Kitces, Michael, 217
Krawcheck, Sallie, 217
on investing while paying off student loans, 85–86
on scams, 185–86
on tactics of wealthy people, 201–2
Krieg, Brandon
on Stash, 130–31, 133–35
on tactics of wealthy people, 203–4
Lannan, Kelly, 31, 49, 98
on financial advisors, 151–52
on market crashes, 172–75
Lehman Brothers, 171
Lele, Avi, 115–18
lifecycle funds, 61
life insurance, 177–78, 186
lifestyles, 21, 23, 74–75, 128, 196, 220
limit orders, 120–21, 124
Little Book of Common Sense Investing, The (Bogle), 213
load funds, 42, 108
loans, 68, 97, 130
market crashes and, 166, 170–71
nonretirement account investing and, 71–72
and readiness to start investing, 22, 24
scams and, 177–78
selling investments and, 189–90
and tactics of wealthy people, 195–98
See also student loans
Madoff, Bernie, 145–46, 181
Malkiel, Burton G., 213
margin, margin accounts, 37, 97, 130
market orders, 120–21, 124
Marketplace, 212
market sell orders, 191
Matthews, Kevin L., II, 216
maxing out, 1, 67–69, 72, 74–77
MGM Resorts International, 160
micro-investing apps, apps, 1, 19, 27, 45, 51, 125–37, 191, 203, 214
automating contributions and, 132, 135, 137
and case for investing, 14–15
common misconceptions about, 134–35
costs of, 129–30, 132–34, 137
overview of, 127–33
and starting to invest in market, 99, 102
stock picking and, 123, 126, 129–31
what you need to know and share before starting with, 126–27
Microsoft, 117–18, 132
moderate portfolios, 36, 129
modern portfolio theory, 45, 134
modified adjusted gross incomes (MAGIs), 65
Molson Coors Brewing Company, 160
money market funds, 181, 193
Morgan Stanley Capital International (MSCI), 159, 161
Morningstar, 1, 118, 210
impact investing and, 159–60
and starting to invest in market, 99, 104
mortgages, 10, 21–22, 86, 170–71
mutual funds, 15, 126, 171, 179, 210
buying, selling, and holding of, 108, 189–91, 193–94
impact investing and, 156, 159
investment terminology and, 38–40, 42
in retirement investing, 62, 66
scams and, 180–81
starting to invest in, 94, 99, 103–4, 107–8
stock picking and, 116–17
Nasdaq, Nasdaq Composite Index, 164, 169–70
National Association of Personal Financial Advisors (NAPFA), 152
Nerd’s Eye View, 217
Netflix, 11, 60, 109, 111, 179
net worth, 1, 6, 95, 127, 172, 186
investing advice, 212, 216
robo-advisors and, 145, 149
and tactics of wealthy people, 197–99
New Century Financial Corporation, 171
New York Stock Exchange, 19, 170
New York Times, The, 4, 211, 214
9/11 terrorist attacks, 170
no-load funds, 42, 108
NPR, 199n
Nugent, Dave, 114, 140, 147–49, 153
Nuñez, Mabel, 213, 216–17
Oblivious Investor, 217
Observer, 113–14
online financial advisors, see robo-advisors
options, 129–30, 180, 204
Pant, Paula, 211–12
parents, 1, 11, 17–18, 69, 79, 174, 216
and case for investing, 3–6
micro-investing apps and, 126, 131–32
retirement investing and, 57–58, 66
scams and, 177–78
and starting to invest in market, 94, 99
and tactics of wealthy people, 195–200
passive management, 38, 40, 103, 105
patience, 11, 31, 205, 207
Pets.com, 169
Piper, Mike, 217
Planet Money, 199n, 212
plans, planning, 128, 174, 179, 202, 215
investment terminology and, 35–37, 41
and readiness to start investing, 22–23, 25–27
risk and, 54–56
robo-advisors and, 141, 143–44, 148–49
scams and, 183, 186
and starting to invest in market, 94, 105
See also retirement, retirement plans
Pocket Idiot’s Guide to Investing in Stocks, The (Burgess et al.), 213
podcasts, 30, 204, 211–12, 218
Pokémon cards, 163
Ponzi schemes, 145–46, 204
portfolios, 11
impact investing and, 158, 160–62
investing advice and, 215–16
and investing while paying off student loans, 82–83, 86, 91
investment terminology and, 31–32, 34, 36–40, 42–43, 45
market crashes and, 168, 171–72, 174–76
micro-investing apps and, 126–29, 131–34, 136
minimum initial investments for, 98, 100, 102–3, 105, 107
retirement investing and, 58, 61, 64, 71, 75, 129
risk and, 48, 50–53, 55–56, 73, 75, 105
robo-advisors and, 140–44, 147–48, 153
scams and, 184–86
selling investments and, 190–92, 194
stock picking and, 113–17, 122–23
and tactics of wealthy people, 196–97, 200, 205
practice accounts, 122
private equity companies, 181, 199
prospectuses, 104, 106–7, 159
public, publicly traded, 32–33, 38, 169
purchase fees, 108
Random Walk Down Wall Street, A (Malkiel), 213
real estate, 11–12, 31–32, 35, 50, 143, 191, 197, 202, 212
rebalanc
ing, 52, 61, 64, 134, 175, 220
definition of, 42–43
robo-advisors and, 140–41, 143, 145, 147, 154
selling investments and, 190–91
and starting to invest in market, 102, 105, 110
and tactics of wealthy people, 202–3
recessions, 3, 74, 85, 110, 163, 165, 170–72, 174, 176
investment terminology and, 43–44
risk and, 49–50
Reddit, 30, 217
redemption fees, 108
refinancing, 84–85, 170
religion, 160–61
required minimum distributions, 69
retirement, retirement plans, 57–77, 171, 190, 215
and case for investing, 4, 8–10, 12–13
employer matches in, 9–10, 13, 23, 25–27, 57–60, 62–63, 71, 76, 83, 86–91
investing outside of, 57, 69–77
and investing while paying off student loans, 79, 81–83, 86–91
investment terminology and, 30, 34–35, 42–43, 45
micro-investing apps and, 128–29, 131–32, 135
and readiness to start investing, 23–27
risk and, 50, 53–54
robo-advisors and, 142, 149
selecting investments for, 60–61, 122
setting up of, 60–61
and starting to invest in market, 96, 110
and tactics of wealthy people, 196, 201, 206–7
terminology specific to, 62–68
25 Rule and, 75–76
withdrawals from, 65, 68–69, 74–77
returns on investments (ROIs), 147, 163
and case for investing, 7–9, 14
and impact investing, 161–62
and investing advice, 217–18
and investing while paying off credit card debt, 80–81
and investing while paying off student loans, 82–83, 85–87
and investment terminology, 38–41
and micro-investing apps, 133, 137
and readiness to start investing, 21, 25
and retirement investing, 59, 76
and scams, 186–87
and starting to invest in market, 106, 108–9
and stock picking, 112, 114
and tactics of wealthy people, 206, 208
risk, risk tolerance, 18, 46–56, 190, 219–20
asset allocation and, 50–52, 56
and case for investing, 3–4
and checking on investments, 47, 52
diversification and, 50, 54, 56, 105
impact investing and, 160, 162
inability to tolerate, 55
investing advice and, 209, 216
and investing while paying off student loans, 83–84, 91
investment terminology and, 31, 33–36, 42–43
market crashes and, 171, 174
micro-investing apps and, 51, 126–27, 132, 134
nonretirement account investing and, 72–74
and protecting yourself from yourself, 53–56
and readiness to start investing, 20–21, 24
retirement investing and, 60–61, 75
robo-advisors and, 142, 144, 147, 154
scams and, 181, 185
and starting to invest in market, 93–94, 103, 105, 107, 109–10
stock picking and, 113–15, 120
and tactics of wealthy people, 198, 203
Robbins, Tony, 206
Robinhood, 102, 123, 129–30, 132
robo-advisors (online financial advisors), 14, 45, 123, 126, 136, 139–54, 160, 215
costs of, 142–44, 147–50
human vs., 139–40, 148–54
overview of offerings of, 142–44
perks of, 146–47
pitfalls of, 147–49
readiness for, 149, 153
safety of, 145–46
selling investments and, 191–92
and starting to invest in market, 102, 105
what they are, 140–41
rollovers, 65, 96
Roth accounts
401(k)s and, 58, 62, 67
and investing while paying off student loans, 90
IRAs and, 4, 64–65, 67, 76, 128, 131, 215
micro-investing apps and, 128, 131
in retirement investing, 57–58, 62, 64–65, 67–68, 74, 76
withdrawals from, 68
S&P 500 index, 49, 72, 147
impact investing and, 156, 161
investment terminology and, 38, 43
market crashes and, 164–65, 170, 172
S&P 500 index funds, 19, 30, 32, 37, 81–82, 103, 116
impact investing and, 160–61
savings, saving, 190, 219–20
and case for investing, 3–4, 9
and investing while paying off student loans, 79–80, 82–83, 86, 88, 90–91
investment terminology and, 30, 44
market crashes and, 166–67
micro-investing apps and, 134–36
nonretirement account investing and, 69–70, 72–73
and readiness to start investing, 18–19, 21, 23, 25
retirement investing and, 58–59, 62, 75–76, 88, 90–91
risk and, 49, 53, 55
robo-advisors and, 140, 145, 150–51
and starting to invest in market, 94, 99, 110
and tactics of wealthy people, 196, 202–5, 207
savings accounts, 25–26, 53, 107, 193
and case for investing, 4, 8–9, 12
and readiness to start investing, 18, 21, 25
retirement investing and, 66, 71
scams, 177–87
experts on, 179–82
financial advisors and, 180–85, 187
investments you should question and, 185–86
life insurance and, 177–78, 186
and questions to ask about products, 184–85
Schlesinger, Jill, 45–46, 165, 204, 212, 219
and investing while paying off student loans, 83, 91
micro-investing apps and, 135–36
nonretirement account investing and, 70–71, 73
risk and, 51, 53, 55, 73
scams and, 179–80
Charles Schwab & Co., Inc., 8, 36–37, 48, 65, 101–2, 123, 215
robo-advisors and, 142, 144–45, 150
Schwab-Pomerantz, Carrie, 8, 48–50, 52, 54–55
sectors, 8–9, 35, 39, 103, 117, 158, 160, 162, 165, 191–92, 203
securities, 33, 39, 115, 117, 130, 161–62, 166, 171, 182, 184
Securities and Exchange Commission (SEC), 10n, 118, 130, 210
robo-advisors and, 145–46
scams and, 183, 187
and starting to invest in market, 95, 107, 109
Securities Industry and Financial Markets Association (SIFMA), 210–11
Securities Investor Protection Corporation (SIPC), 109, 127, 145
shareholders, stockholder, 32–33, 38, 41, 193
shares, 107–9, 126, 130, 145, 161, 179–80
fractional, 115–17, 132
investment terminology and, 32–33, 38, 41, 44–45
market crashes and, 165n, 169, 176
stock picking and, 111, 115–22
Shin, Laura, 212
Simple Path to Wealth, The (Collins), 213, 217
simplified employee pension IRAs (SEP IRAs), 66–67, 128
socially responsible investing (SRI), 157–62
See also impact investing
social media, 15
Social Security, 76, 95, 97, 110, 126
solo (individual) 401(k)s, 67
speculation, 43, 55, 166, 169, 182, 187
Stash,
102, 130–35, 203, 215
stock market
and case for investing, 5–6, 9, 11–13, 15
corrections of, 43, 47, 50, 74, 85, 110, 147, 163–64, 168, 173, 184
crashes and volatility of, 5, 11, 34, 44, 49, 55, 83, 163–76, 217
impact investing and, 155, 161
investing advice and, 209, 210–11, 213, 217
and investing while paying off credit card debt, 80–81
and investing while paying off student loans, 83, 85–87, 91
investment terminology and, 30–31, 33–36, 38–39, 43, 45
love letter from, 11–13
micro-investing apps and, 130, 134–35
nonretirement account investing and, 72–74
and readiness to start investing, 18–19, 22, 24–26
recoveries of, 164, 167–68, 170–72
risk and, 47–51, 54, 56, 74
robo-advisors and, 140–41, 145, 147, 153
scams and, 184–85
selling investments and, 191–92
starting to invest in, 2, 93–110
stock picking and, 113–16, 120
and tactics of wealthy people, 202–3
ups and downs of, 5–6, 9, 12, 15, 34–36, 43, 46–52, 54, 56, 73, 83, 85–86, 91, 109–10, 113, 115, 141, 147, 163–66, 168, 170–76
Stock Market Investing (Nuñez), 213
Stockpile, 115–16, 132–33
stocks, 165n, 192–94, 199
buying, selling, and holding of, 97, 107, 112, 115–17, 119–24, 168, 170, 174–76, 185, 193–94
and case for investing, 5, 9, 15
fractional shares of, 115–17, 132
gifting of, 132–33
investing advice and, 213, 217
investment terminology and, 32–33, 35, 38–44
market crashes and, 164, 166–67, 174–75
micro-investing apps and, 126, 129–34
picking of, 27, 94, 103, 110–24, 126, 129–31, 175, 179, 217
retirement investing and, 60–62, 64, 75
risk and, 49–52, 55, 73, 75, 103
starting to invest in, 94, 97, 103–4, 107, 109
things to know before buying, 119–22
types of orders for, 120–21, 124
ups and downs of, 112, 114, 123–24, 179
stop-limit orders, 121, 124
stop-loss orders, 120–21, 124
student loans, 39
debt tolerance and, 90–91
investing while paying off, 2, 79–91
nonretirement account investing and, 71–72
and readiness to start investing, 22, 24
refinancing of, 84–85
scams and, 177–78
selling investments and, 189–90
and tactics of wealthy people, 195–96
subprime mortgage crisis, 170–71
suitability, suitability standard, 42, 100, 107, 151, 158, 184–85