investing

Broke Millennial Takes On Investing

Millennials want to learn how to start investing. The problem is that most have no idea where to begin. There's a significant lack of information out there catering to the concerns of new millennial investors, such as:

  • Should I invest while paying down student loans?

  • How do I invest in a socially responsible way?

  • What about robo-advisors and apps, are any of them any good?

  • Where can I look online for investment advice?

That’s why we’re happy to have Erin Lowry back on the show to discuss her latest book, Broke Millennial Takes On Investing: A Beginner's Guide to Leveling Up Your Money.

In this second book in the Broke Millennial series, Lowry answers those questions and delivers all of the investment basics in one easy-to-digest package.

Tackling topics ranging from common terminology to how to handle your anxiety to retirement savings and even how to actually buy and sell a stock, this hands-on guide will help any investment newbie become a confident player in the market on their way to building wealth.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

CBS This Morning: What Action to Take Amid the Sell-Off

Stock market investors have been enjoying the longest bull market in Wall Street history, but the bulls stumbled badly earlier in the week, before making a slight comeback Friday. All three of the major indexes posted losses of up to four percent for the week, the worst five-day run in six months. I joined CBS This Morning: Saturday to discuss what investors should do next.

Have a money question? Email me here.

How to Invest Extra Money

Having some extra money to invest, and not knowing what to do with it, is what I like to call a good problem to have! That's the case with Kelly in Atlanta, who's sitting on 125k with no short term needs on the horizon.

“Better Off” is sponsored by Betterment.

Have a money question? Email us here or call 855-411-JILL.

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I Love Capitalism with Ken Langone

Every once in a while I chat with somebody who makes me realize just how cool my job really is.

That’s the case this week with Ken Langone, the legendary financier, who helped take a bunch of companies public before co-founding Home Depot. Ken has also became a philanthropist extraordinaire, helping to rebuild the New York University hospital.

Ken dropped by for an in-studio to talk about his new book, I Love Capitalism!: An American Storybut really it was just a fascinating conversation with a guy who grew up in a working-class family on Long Island, put himself through school, and after some hard work and smart decisions and a few guardian angels, became one of the most successful businessmen in the country.

Ken Langone has seen it all on his way to a net worth beyond his wildest dreams, now in excess of $3 billion dollars.

In a series of captivating stories, Langone shows how he struggled in academics, broke into Wall Street, and scrambled for an MBA at night while competing with privileged competitors by day. He also shares how he learned to evaluate the value of a business and apply his street smarts to negotiate enormous deals.

And what happened when Langone was approached by Bernie Madoff for an investment, just weeks before the Ponzi scheme came to light? You’ll have to tune in for that chestnut...

Langone says that the book is his love song to capitalism..."Absolutely anybody is entitled to dream big, and absolutely everybody should dream big. I did. Show me where the silver spoon was in my mouth. I’ve got to argue profoundly and passionately: I’m the American Dream.”

“Better Off” is sponsored by Betterment.

Have a money question? Email us here or call 855-411-JILL.

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"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

Your Money with Ron Lieber

As someone who consumes a massive amount of financial data and then tries to make it palpable to listeners, viewers and readers, I am drawn to those who have an uncanny ability to break through the clutter.

At the New York Times, my-go to writer for personal finance is Ron Lieber. His column, the wildly popular Your Money, covers just about anything and everything that hits you in the wallet, from investing to paying for college to mortgages and homes.

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And that pretty much describes how our discussion went. We bounced around -- from Equifax and Wells Fargo to the cost of college and the fiduciary debate.

Ron is also an accomplished author. His most recent book is The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money.

His latest book project, What To Pay For College, is set to be released in 2020 and will ask college presidents questions that families don’t know (or are afraid) to ask, as well as putting the surprisingly small amount of existing data on this topic into context and pulling the curtain back on how schools set prices which can now top $125,000 for four years of tuition, room and board for state residents.

It’s always a blast to talk shop and the state of the financial services industry with a colleague, especially when it’s somebody you so highly respect.

“Better Off” is sponsored by Betterment.

Have a money question? Email us here or call 855-411-JILL.

We love feedback so please subscribe and leave us a rating or review in Apple Podcasts!

Connect with me at these places for all my content:

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"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

Investing For the World You Want

How can you incorporate your values into your investments? While many of us have principles and views about what is “right” and “wrong”, putting those principles into action within a portfolio can be difficult.

Although hard to accomplish, there are different ways of making an impact. They vary in terms of feasibility, effectiveness, and potential cost.

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When trying to determine the best approach, ask yourself, what am I trying to achieve? What outcome do I want? Is it about making me feel good or are do you seek an impact in the world?

If you’re considering adopting a values-based approach to investing, there are four different options to consider:

  • Divestiture: When you avoid owning the stock or bonds of of a company or issuer.
  • Engagement: Owning company stock, and putting pressure on the board and management through voting.
  • Impact investing: Investments made into companies, organizations, and funds with the intention to generate social and environmental impact.
  • Charity: Giving to the causes you believe bring about the right change.

Of course, all investing involves risk, but the advent of funds that allow screening based on environmental, social and governance (ESG) factors has prompted the Department of Labor to issue some warnings.

“Better Off” is sponsored by Betterment.

Have a money question? Email us here or call 855-411-JILL.

We love feedback so please subscribe and leave us a rating or review in Apple Podcasts!

Connect with me at these places for all my content:

https://twitter.com/jillonmoney

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http://www.stitcher.com/podcast/jill-... 

https://apple.co/2pmVi50

"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

Rooting for a Recession...and a Bear Too!

Rooting for a Recession...and a Bear Too!

I have a confession: I’m rooting for a recession -- and a bear market. Of course I don’t want people to suffer, but the longer both the expansion and bull market continue, the more we tend to forget that they can actually end, leading some to make poor financial decisions.

Inheritance, Retirement Planning, How to Find an Advisor, Investing Extra Money

Another week of calls and emails as we try to clear out the inbox. So far we've barely made a dent.

This week we started the show with Shane from Iowa who recently inherited $500,000 and is looking for some input as to how he should invest it with the goal of early retirement in mind.

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Next up was Alison from Ohio, an awesome saver who only makes $40,000. Just goes to show you that you don't need to make a ton to save a ton. With a little extra to invest, she's wondering what else she should be doing. 

The final call of the first hour came from Jesse in Missouri. Jesse has a 401(k) plan from a former employer and is wondering what he should do with it. Keep it where it is? Or rollover into something else? 

We kicked off hour two with Aaron from North Carolina. As a recent grad with a new job, and making more money than ever, what should he be doing to prepare for retirement down the road?  

Next was Kelly from Virginia who has about $60,000 sitting in a savings account and CDs. Is there a better alternative?  

The final call of hour two was from Marilyn in New York who is having a hard time finding a trustworthy advisor she can work with. Such a great call!  

Have a money question? Email us here or call 855-411-JILL.

Connect with me at these places for all my content:

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.