Podcast Summary
Comprehensive investment dashboard for stocks, ETFs, and funds: Sharesight offers a user-friendly platform for tracking investment performance, including analyzed reports, dividend gains, and currency impact, with a special focus on encouraging women to invest and bridge the wealth gap.
Sharesight's investment dashboard offers a comprehensive view of financial performance for over 500,000 stocks, ETFs, and funds, integrated with more than 200 platforms. It goes beyond limited brokerage statements to provide analyzed reports, dividend gains, and currency impact through intuitive graphs and visualizations. Moreover, Sharesight encourages investment for women, emphasizing the importance of investing to bridge the wealth gap and generate wealth. Women are good at saving but lack awareness and experience in investing, which can lead to missed opportunities. Sharesight's special deal for annual premium plans is an invitation for investors to explore performance metrics, streamline tax reporting, and share portfolios. Investing is a powerful tool for wealth generation, and Sharesight aims to make it accessible and understandable for all.
Bridging the investing knowledge gap: Only 35% of New Zealanders understand investing, but it's important for financial security and freedom. Debunking common myths about investing can help more people start their journey.
There's a significant knowledge gap when it comes to investing, with only 35% of New Zealanders understanding how it works. This lack of knowledge may be preventing many people from starting their investing journey. The hosts of this podcast aim to bridge this gap by providing educational resources, empowering individuals to make informed decisions about their finances. Money doesn't guarantee happiness, but it does provide choices and options. Having financial security allows people to make decisions based on what they enjoy or what aligns with their values, rather than being tied down by immediate financial needs. In this episode, the hosts debunked the four biggest myths about investing in the stock market to help demystify the process and encourage more people to take the plunge.
Demystifying Investing for Beginners: 62% of surveyed community reported lack of understanding as their main barrier to investing, but investing can be simplified and personalized for anyone
Investing does not require being overly clever or having an in-depth understanding of financial jargon to get started. Many people are deterred from investing due to common myths and intimidating language, but these barriers are not necessary. In fact, 62% of a surveyed community reported not understanding investing as their main obstacle. Women, in particular, may feel the need to fully grasp concepts before diving in. However, investing can be simplified and personalized. It doesn't have to be a complex Wall Street power play. The term "professional investor" is often misconstrued and can be applied to anyone who invests, regardless of their wealth or level of expertise. By demystifying investing and understanding the basics, individuals can take control of their personal finances and start their investing journey.
Average investor traits: Knowledge, plan, discipline: Understanding investing basics, having a plan, and maintaining discipline are essential for building wealth over the long term, despite fear of loss.
Investing is not just about being a Wall Street tycoon or someone who spends hours researching stocks. The average investor is often someone who has a plan and sticks to it, with discipline being the most important trait. This person may only spend a little time each month managing their investments and may not have extensive knowledge about the stock market. A study by Sharesies found that those who know more about investing are more likely to own shares, and this tendency increases with age. However, fear of losing money is a common barrier to investing, and it's essential to understand that investing involves some level of risk. Being informed, having a plan, and maintaining discipline are key to building wealth over the long term.
Accept contactless payments easily with Stripe's tap to pay on iPhone: Stripe's tap to pay on iPhone lets businesses of all sizes accept contactless payments directly from their iPhones, increasing revenue, expanding reach, and enhancing customer experience with a quick and easy setup. Remember, investing involves making informed decisions and understanding risks, while gambling is a bet with no control over the outcome.
For business owners, every transaction represents the culmination of their hard work and dedication to their customers. To make accepting payments more convenient and efficient, Stripe introduces tap to pay on iPhone, which allows businesses of all sizes to accept contactless payments directly from their iPhones without requiring additional hardware. This game-changing solution benefits businesses by increasing revenue, expanding reach, and enhancing customer experience with a quick and easy setup. On a different note, investing and gambling were compared during the discussion. The key difference lies in the fact that investing involves making educated and informed decisions based on research and understanding the risks, while gambling is a bet with no control over the outcome. It's important to remember that losses in investing only occur when you sell your investments or stocks, and the market may eventually recover, allowing you to regain those losses. However, even educated and successful individuals may panic and sell during market downturns, leading to missed opportunities for potential gains.
Don't panic during market downturns, invest early: Starting early investments can significantly increase wealth due to compound interest, while market downturns are opportunities not to lose money but to buy more at lower prices
It's important to resist the emotional urge to withdraw your investments during market downturns and instead wait it out for the market to recover. History shows that the market always bounces back, and you don't actually lose money until you withdraw it. Another myth debunked in the discussion is the belief that one should wait until they're old and rich before investing. In fact, investing in your twenties is the optimal time due to the power of compound interest. Compound interest is essentially interest on top of interest, and it grows exponentially over time. For example, a 20-year-old who invests $10,000 at a 5% rate would have $70,000 by the time they're 60, whereas someone who starts investing at 30 would only have $43,000, and someone who starts at 40 would only have $26,000. Therefore, it's crucial to start investing early and take advantage of the time factor.
Stock market vs Real Estate: Choosing the Right Investment: Individuals should consider their preferences, risk tolerance, and investment goals when deciding between investing in the stock market or real estate. Both have unique risks and benefits, and diversification can help mitigate risk.
Both investing in the stock market and real estate have their unique risks and benefits. The stock market may seem more volatile and risky due to the frequent price fluctuations, but real estate investments come with their own risks such as property damage and market instability. Ultimately, the choice between the two depends on individual preferences, risk tolerance, and investment goals. Some people prefer the tangibility and potential for physical improvement of real estate, while others prefer the potential for higher returns and liquidity of the stock market. It's essential to consider all factors before making a decision and remember that there is no completely risk-free investment. Additionally, many investors choose to diversify their portfolios by investing in both real estate and the stock market.
Learn about different investment opportunities: Educate yourself about real estate and stock market in plain language, make informed decisions, and remember to do your own research before investing.
It's essential to educate yourself about different investment opportunities, such as real estate and the stock market, in a jargon-free and unbiased way, so you can make informed decisions that best suit your needs. It's empowering to have access to information and feel confident in your investment choices. However, it's important to remember that Girls That Invest does not provide personalized investing advice and should not be relied upon to make an investment or financial decision. Always do your due diligence and research thoroughly before making any investment decisions.
