Personal Finances for New Investors With Guest Bob Corker

In the second episode of The Strong Mind Strong Will Podcast, Adam Interviews Bob Corker about personal finances for new investors.

0:01: Introduction.

0:36: Disclaimer.

1:13: Bob Corker Introduction/Background.

2:26: Investing tips for those just beginning their journey.

4:10: Importance of understanding your income and expenses.

4:59: How to save as a young person.

5:40: Biggest mistake new investors make.

6:50: Why you shouldn’t try and time the market.

9:35: Adam's personal experience with day trading.

11:12: How much do new investors need to know about taxes before investing?

15:57: The significance of companies matching investors' contributions.

17:26: The best way for new investors to increase returns in their portfolio without increasing risk too much/significance of investment diversification.

19:02: How correlation between asset classes affects investments.

22:02: Should new investors buy their own stocks or participate in a managed fund?

22:34: The best way for new investors to become more knowledgeable about investing.

26:49: How investing has changed over the decades as well as its overall impact on modern-day society.

28:15: Bob’s worst and best investments and what he learned.

34:23: How new investors should think about highly leveraged investments.

37:30: Investment targets for new investors.

40:36: Wrapping up and coming full circle.