MI Rewind: A Guide to Getting Started in Investing w/ Stig Brodersen
发布时间 来源
Episode 设置
以下是将内容翻译为中文：
这期由罗伯特·伦纳德（Robert Leonard）和斯蒂格·布罗德森（Stig Brodersen）共同主持的《千禧一代投资》（Millennial Investing）节目，旨在为希望进入金融市场投资的千禧一代提供一份全面的指南。节目涵盖了基础步骤、各类资产类型、投资策略以及实现长期成功的关键心态。
第一步是**开设一个证券账户**。主持人推荐在线折扣券商，并强调研究低交易佣金（每笔交易约4.95-5美元，对于小额账户来说很快就会累积）以及低或无最低账户余额的重要性。他们以Robinhood为例，指出其提供免费交易且无最低账户余额要求。投资者随后需要在**退休账户**（如401k或IRA，具有税收优惠但资金在退休前受限）和**个人证券账户**（更灵活但收益每年征税）之间做出选择。账户注资通常涉及使用银行路由号码和账号进行电子转账。
接下来，讨论转向**资产类型**。
* **股票：** 代表公司的一部分所有权。回报取决于公司业绩。尽管潜在风险较高，但它通常能提供比其他资产更高的回报。斯蒂格指出，新投资者往往倾向于投资自己熟悉的品牌，但还有更多因素需要考虑。
* **ETF（交易所交易基金）：** 允许投资者购买多元化的股票组合（例如，标普500 ETF提供对500家公司的所有权）。它们通常成本低、税收效率高，并有助于新投资者在市场波动期间管理情绪。斯蒂格建议初学者从ETF开始，学习如何应对市场亏损，然后再选择个股。
* **共同基金：** 与ETF类似，都是汇集资金进行多元化投资，但往往费用更高，税收待遇也不如ETF（可能存在双重征税）。大多数主动管理型共同基金在扣除费用后很难持续跑赢市场。
* **债券：** 代表债务，而非所有权。投资者将资金借给公司或政府，并收取利息支付，本金在到期时返还。美国政府债券被认为是“无风险”的，但回报较低。公司债券风险更高但回报也更高。大多数散户投资者购买的是**债券基金**（ETF），以实现多元化和流动性，而不是单独的债券。债券在千禧一代中不太受欢迎，因为其回报较低，且被认为不如股票“酷”。
* **大宗商品：** 如石油、黄金或白银等资产，通常通过追踪其价值的基金或ETF进行投资，而非实物交割。节目中简要提及大宗商品作为一种选择，但指出其更为复杂。
* **期权：** 复杂的金融工具（看涨期权是买入权，看跌期权是卖出权），赋予持有者在特定价格买卖标的资产的权利，而非义务。主持人认为这些对于初学者介绍来说过于复杂，并承诺会在未来的节目中专门介绍。
斯蒂格和罗伯特都认为，对于千禧一代投资者来说，**股票（或股票ETF）**通常是最佳的起点，因为它们具有长期增长潜力，并且与创造利润的企业紧密相连。
关于**投资策略**，两位主持人都倡导一种**长期买入并持有的价值投资策略**，类似于沃伦·巴菲特（Warren Buffett）的方法。这包括在个股价格低于其内在价值时买入，并有耐心等待该价值的实现。他们强烈警告不要进行**日内交易**和“快速致富”计划，强调这些策略压力大，很少能带来持续财富，并且通常由那些通过销售课程而非交易本身获利更多的“大师”所推广。
节目中分享的一项关键建议是避免“只开户不买入”的错误：仅仅将资金转入证券账户是不够的；**投资者必须积极购买资产**才能使资金增长。留在证券账户中的现金不会产生投资回报。
主持人还解释了**如何下单交易**，区分了**市价订单**（以下一个可用的价格执行）和**限价订单**（以指定价格或更优价格执行）。对于新的、长期投资者而言，市价订单通常就足够了。
**复利的力量**被高度强调为“世界第八大奇迹”，尤其是对于拥有时间优势的千禧一代。节目中举例说明，即使总投入相同，提早开始投资也能因为资金复利的时间更长而带来显著更高的回报。
最后，节目强调了**设定现实期望**的重要性。新投资者不应期望一夜暴富，而应以历史股市平均5-10%的年化回报为目标。他们建议不要受炒作驱动而做出情绪化决策，并鼓励投资者坚持长期策略、保持低费用和持续学习。斯蒂格总结道，他鼓励听众“热爱”在金融世界中学习和成长的过程，因为这种热情是长期成功的关键。
This episode of Millennial Investing, co-hosted by Robert Leonard and Stig Brodersen, serves as a comprehensive guide for millennials looking to start investing in financial markets. It covers foundational steps, various asset types, investment strategies, and crucial mindsets for long-term success.
The first step is **opening a brokerage account**. The hosts recommend online discount brokers, emphasizing the importance of researching low trading commissions (around $4.95-$5 per trade, which can quickly add up for small balances) and low or no minimum account balances. They suggest Robinhood as an example for free trades and no minimums. Investors then choose between a **retirement account** (like a 401k or IRA, with tax benefits but restricted access until retirement) and an **individual brokerage account** (more flexible but gains are taxed annually). Funding the account typically involves an electronic transfer using bank routing and account numbers.
Next, the discussion moves to **types of assets**.
* **Stocks:** Represent fractional ownership in a company. Returns depend on the company's performance. While potentially risky, it offers higher returns than other assets. Stig notes that new investors often gravitate towards brands they know, but there's more to consider.
* **ETFs (Exchange-Traded Funds):** Allow investors to buy a diversified basket of stocks (e.g., an S&P 500 ETF provides ownership in 500 companies). They are generally low-cost, tax-efficient, and help new investors manage emotions during market fluctuations. Stig recommends starting with ETFs to learn to cope with market losses before picking individual stocks.
* **Mutual Funds:** Similar to ETFs in pooling money for diversified investments but tend to have higher fees and less favorable tax treatment (potential for double taxation). Most actively managed mutual funds struggle to consistently outperform the market after fees.
* **Bonds:** Represent debt, not ownership. Investors lend money to a company or government and receive interest payments, with the principal returned at maturity. US government bonds are considered "risk-free" but offer lower returns. Corporate bonds carry more risk but higher returns. Most retail investors buy bond *funds* (ETFs) for diversification and liquidity, rather than individual bonds. Bonds are less popular with millennials due to their lower returns and perceived lack of "coolness" compared to stocks.
* **Commodities:** Assets like oil, gold, or silver, typically invested through funds or ETFs that track their value, rather than physical delivery. They are briefly mentioned as an option but noted as more complex.
* **Options:** Complex financial instruments (calls to buy, puts to sell) that give the holder the right, but not the obligation, to trade an underlying asset at a specific price. The hosts deem them too advanced for a beginner's introduction, promising a dedicated future episode.
Stig and Robert agree that for millennial investors, **stocks (or stock ETFs)** are generally the best starting point due to their potential for long-term growth and connection to profit-generating businesses.
Regarding **investment strategies**, both hosts advocate for a **long-term buy-and-hold value strategy**, similar to Warren Buffett's approach. This involves buying individual stocks when their price is lower than their intrinsic value and having the patience to wait for that value to be realized. They strongly caution against **day trading** and "get-rich-quick" schemes, highlighting that such strategies are stressful, rarely lead to sustained wealth, and often promoted by "gurus" who profit more from selling courses than from trading itself.
A critical piece of advice shared is the "don't forget to buy" mistake: simply transferring money to a brokerage account is not enough; **investors must actively purchase assets** for their money to grow. Money left as cash in a brokerage account will not earn investment returns.
The hosts also explain **how to place a trade**, differentiating between a **market order** (executes at the next available price) and a **limit order** (executes at a specified price or better). For new, long-term investors, a market order is often sufficient.
The **power of compounding** is heavily emphasized as the "eighth wonder of the world," especially for millennials who have time on their side. An example illustrates how starting to invest early, even with the same total contributions, leads to significantly higher returns due to the extended period for money to compound.
Finally, the episode stresses the importance of **realistic expectations**. New investors should not expect to get rich overnight but instead aim for historical stock market averages of 5-10% annual returns. They advise against making emotionally-driven decisions based on hype and encourage a commitment to a long-term strategy, keeping fees low, and continuous learning. Stig concludes by encouraging listeners to "love the journey" of learning and growing in the world of finance, as this passion is key to long-term success.
摘要
Robert Leonard talks with Stig Brodersen. Stig is Co-Founder and Co-Host of We Study Billionaires by The Investor’s Podcast Network, a best-selling author, and a former college professor. He has successfully grown We Study Billionaires to the #1 stock investing podcast in the world, while building a platform that is also a leading authority in stock investing.
IN THIS EPISODE, YOU’LL LEARN
00:00 - Intro
01:46 - How to pick a brokerage company to invest with.
06:23 - What stocks, ETFs, mutual funds, bonds, commodities, and options are.
10:17 - How to keep your emotions in check and set realistic expectations.
27:36 - How to actually buy and sell stocks and funds.
35:29 - Different investment strategies that can be implemented.
49:38 - How and why compounding is so important for millennial investors.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Money Under 30 Compounding Example.
Recommended Book: I Will Teach You To Be Rich by Ramit Sethi.
Recommended Book: The Little Book of Common Sense Investing by John Bogle.
Recommended Book: The Education of a Value Investor by Guy Spier.
Recommended Book: The Dhandho Investor: The Low-Risk Value Method to High Returns by Mohnish Pabrai.
Check out the books mentioned in the podcast here.
NEW TO THE SHOW?
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Check out our Millennial Investing Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
Fiscal.AI
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
GPT-4正在为你翻译摘要中......
