Did you ever ask yourself how to invest money? Are you a Young Professional and wonder how you should save and invest your money? Are you not sure if the stock market is worth it or if you should just save the money? In this video I give you an introduction into investing. I cover the investing 101, talking about why it is so important to save and invest and what my first investments were. I discuss common stock investing strategies such as buy & hold, market portfolio theory and a simple ETF market portfolio consisting of 70% MSCI World and 30% MSCI Emerging Markets. To get started, Exchange Traded Funds (ETF) are a very suitable financial instrument to use. I am also talking about common investing mistakes that Young Professionals make. This includes falling for the trap of lifestyle inflation, as well as the phenomenon of high income, low net worth. In the video, I explain why net worth is the most important metric to track in the personal finance sphere and how you can measure your net worth. I am discussing the most common financial mistakes of people in their 20s and 30s. You will also learn why it is important to start early when investing. Learn how to invest in stocks and other personal finance basics, especially relevant for Young Professional investment.
Disclaimer: I am not a finance professional and do not give investment advice. Investing can be risky and you might lose your money. Please do your own research before buying any financial product or conduct other investments.
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# BOOK RECOMMENDATIONS*
The Hard Thing About Hard Things – Ben Horrowitz
https://amzn.to/3aYseE8
Extreme Ownership: How US Navy Seals Lead and Win – Jocko Willink
https://amzn.to/3d32sAE
The McKinsey Way – Ethan Rasiel
https://amzn.to/38SQarl
Influence: The Psychology of Persuasion – Robert Cialdini
https://amzn.to/2wUI4Bd
Incerto: Fooled by Randomness, The Black Swan etc. – Nassim Taleb
https://amzn.to/38UhKUZ
How a Diet can be a Game Changer in Life – Marie Mirrlees
https://amzn.to/2MUyfIh
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All views expressed on this channel are private opinions of this channel’s creator Heinrich. This is NOT an official channel of any consulting firm.
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