Investing For Beginners: Where To Start

Honest Money

On today’s podcast, Warren Ingram welcomes Tami Dal from the Honest Money content team to discuss tips for first time investing. Where to start, advice around Tax-Free Savings Account Investments vs ETFs, the ratio split between local vs international investments, what companies to invest in & more.
Questions/ Topics:

1. I've downloaded EasyEquities, what is the first investment I need to make? Shares vs bonds
2. How do I know when to cash out my investments? Is there a rule of thumb or something I need to watch to make sure I don’t lose on my investments
3. World index vs Top 40 index investments and investment ratio between the two (50/50)
4. How do I know which businesses to invest in? Should I stick to companies I know?
5. How much money should I start investing with? Do I gradually do it or should I invest the full amount of my expendable income?
6. TFSA vs ETFs? How much should I invest in each, what should the ratio split be?

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Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on ([phone] and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod