Investing 101

Chris has an insightful and educational conversation with Mike Finley. Author of the books Financial Happiness, What Color is the Sky, Graduation, and Now What. Mike and Chris go through some of the most important principles of investing no matter what your age is. One of the key topics is the importance of being extremely cautious of who you work with in the financial industry. Ask the right questions as you consider “helpers” with your financial investments. Here are some key questions to ask any financial advisor that is helping you with your investing: 

1. Are you a fiduciary?

2. Are you receiving any compensation from the products you are providing me?

3.How are you compensated from these investment products?

4.How much are you making from the products you are providing me annually?

Mike and Chris go on to discuss the importance of understanding fees and the impact they have over the long-term robbing you from much of your potential earnings. Be wary of who is truly “helping” you with your investments! 

Additionally they go on to discuss the value of no load index funds And how limiting fees can help you grow your investment portfolio.