This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies.
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. Over three weeks, we’re diving deep into investing to talk through what you need to know about getting started with investing, choosing your own investments and building wealth over time.
This week’s episode starts with a discussion of how investing can help you build wealth. We also discuss a few of the most popular types of investments, how risky they are and how to fit them into your portfolio depending on your personal risk profile.
At the end of each episode we leave you with some nerdy homework so you can uplevel your investing game.
Check out this episode on any of these platforms:
Committing to investing may be the first step, but what comes next can be even scarier: deciding what exactly you’re going to invest in. There are a lot of choices, but choosing one and getting started can help you outpace inflation and build wealth.
Bonds typically offer more security in exchange for lower potential returns. Individual stocks can have higher returns — but they also have higher risk. Regardless of your investment vehicles, they will all benefit from , which helps your money grow over time.
isn’t as complicated as it sounds, and it is often tied to how close you are to retirement (or whatever your investing endgame is). If you have many years to ride out the highs and lows of the stock market, you may be able to afford to take more risk. If you plan on using your investment funds soon, it’s often advisable to take less risk.
However you divide up your portfolio, the sooner you start investing, the longer you have to start .
Have a money question? Text or call us at 901-730-6373. Or you can email us at . To hear previous episodes, go to the
This post was originally published on Nerd Wallet
