Getting Started, Opening Your First Investment Account - a podcast by Justin Bridges
from 2020-09-02T18:57:39
#23: A major component to learning is practical knowledge. This episode is about setting up your first investment account. You can follow along with me, so check the links in the show notes below.
During this show I cover the following topics: 1) Setting up an account, 2) Taking an investor questionnaire/ risk assessment test, 3) Picking and implementing a basic portfolio allocation. [Recorded 9/01/2020]
Episode Timecodes:
05:00 - Setting up an account at Betterment (and Vanguard)
13:00 - Walking through an Investor Questionnaire/Risk Assessment on Vanguard's site.
22:00 - An introduction to Core-4 for DIY investors. Portfolio selection, portfolio allocation and fund selection.
35:00 - Types of accounts you should consider: Traditional IRA, Roth IRA, SEP IRA, or Regular Brokerage Account
41:15 - IG Live Question: What are capital gains, and what is the difference between long-term and short-term capital gains?
44:00 - IG Live Question: How do I decide my portfolio allocation between equities and bonds?
Helpful Links:
Comparing Betterment and Wealthfront
Vanguard Investor Questionnaire
Alternative Risk Assessment Test
Core-4 - Sample Portfolios to Model Your Portfolio
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*DISCLAIMER* This podcast is for educational and entertainment purposes only. Please make sure to consult a licensed and registered investment advisor or tax professional for specific recommendations or advice regarding your personal situation.
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