The page numbers in this index refer to the printed version of this book. The link provided will take you to the beginning of that print page. You may need to scroll forward from that location to find the corresponding reference on your e-reader.
account service fees, 107–8
Acorns, 19, 86, 102, 127–29, 134, 181, 206, 214
active management
investment terminology and, 38–40
scams and, 185–86
and starting to invest in market, 100, 103, 105
Afford Anything, 211–12
aggressive portfolios, 36, 58, 64, 73, 129
all-in-one (target-date) funds, 60–61, 64
American Home Mortgage Investment Corporation, 171
annual percentage rates (APRs), 80–81
annual percentage yields (APYs), 9, 71
annuities, 186
apps, see micro-investing apps
art, 199–200
Ascent of Money, The (Ferguson), 214
Ask Jeeves, 169
asset allocation, 61, 113, 154, 175, 215
assessment of, 51–52
investment terminology and, 31, 34–35, 42, 50
asset classes, 32, 34–35, 50–51, 185
assets under management (AUM) fees, 100, 107–8, 143, 184
banks, banking, 18, 41, 122, 145, 179, 181, 195, 197, 214
and case for investing, 8–9, 14–15
market crashes and, 166–67, 171
micro-investing apps and, 127, 131
and starting to invest in market, 93–94, 96, 101, 107–10
Barnes & Noble, 128
on scams, 181–82
on tactics of wealthy people, 206–7
Bear Stearns, 171
robo-advisors and, 140–41, 145–46, 149–51, 154
and starting to invest in market, 102, 105, 109
Betterment, 45, 65, 86, 102, 105, 140–43, 149–50, 192, 215
overview of, 142–43
Bitcoin, 55, 118–19, 129, 179, 185
Black Monday (October 19, 1987), 167–68
BlackRock, 129, 142, 144–45, 180–81
Black Tuesday (October 29, 1929), 11, 55, 166–67
blogs, 14, 30, 94, 214–17, 221
Bogle, John C., 213
bonds, 15, 164, 174, 192–93, 203
investment terminology and, 32–36, 39, 42–43
micro-investing apps and, 131, 134
retirement investing and, 60–62, 64, 75
Bone Fide Wealth, 20, 148, 180
Boneparth, Douglas A.
financial advisors and, 148, 153
and investing while paying off student loans, 84–85
nonretirement account investing and, 71–74
and readiness to start investing, 20–24, 26
scams and, 180–81
and tactics of wealthy people, 204–5
Boneparth’s rule, 20
BP Deepwater Horizon oil spill, 155–56
Brexit, 173
Broke Millennial: Stop Scraping By and Get Your Financial Life Together (Lowry), 1, 14, 25–26
brokers, brokerages, brokerage accounts, 1, 14, 19, 24, 27
impact investing and, 159–60, 162
investing advice and, 213–14
investment terminology and, 36–38, 40–42
micro-investing apps and, 125–26, 131–32, 136
minimum initial investments of, 98–99, 101, 106
robo-advisors and, 140, 142, 148–50
selling investments and, 191, 194
starting to invest in, 94–104, 106–10
stock picking and, 113–14, 119, 121, 124
on impact investing, 161–62
on investing while paying off student loans, 89–90
bubbles, 174
definition of, 43–44
market crashes and, 163–64, 169–70
tulip mania and, 44, 55, 165–66
budgets, budgeting, 5, 20–21, 82, 178, 241
Building Bread, 216
bull markets, bear markets, 43, 48, 83, 85, 163, 166, 168, 172, 175
call options, 130
capital gains, capital gains tax, 44, 190, 192–94, 200
cash, cash accounts, cash equivalents, 37, 64, 70, 80, 86, 122, 149, 203, 205
and case for investing, 12, 16
investment terminology and, 32–35, 41
micro-investing apps and, 130, 133
and readiness to start investing, 21, 23
selling investments and, 191–92
and starting to invest in market, 97, 109
CBS News, 45–46, 51, 70, 83, 165, 179, 204
certificates of deposit (CDs), 33–34, 193
certified financial planners (CFPs), 14, 101, 143–44, 148, 151–52, 183
checking accounts, 24
micro-investing apps and, 127, 129, 131
and starting to invest in market, 96, 107
Cisco, 113
cliff vesting schedules, 63
climate change, 157
colleges, college, 18, 49, 75, 129, 156, 217
and case for investing, 3–4, 11, 13
financial advisors and, 150–51
and starting to invest in market, 93, 96, 110
and tactics of wealthy people, 195–98, 201
See also student loans
financial advisors and, 151–52
investment terminology and, 36, 40–42
and starting to invest in market, 100, 104, 107
stock picking and, 122–24
investment terminology and, 32, 43–44
market crashes and, 165–66, 175
micro-investing apps and, 129–30
stock picking and, 118–19
for-profit and nonprofit, 62, 103–4
impact investing and, 144, 155–60
and investing while paying off student loans, 84, 86–91
investment terminology and, 32–33, 35–36, 38, 41
market crashes and, 164–65, 175
micro-investing apps and, 127, 130, 132
researching of, 118, 123, 159–60
retirement investing and, 57–60, 62–63, 66–71, 76
scams and, 179–81
stock picking and, 113–14, 116–19, 122–23, 130, 175
and tactics of wealthy people, 196–97, 199–202, 205, 207
See also employment, employers
compound interest (compounding), 133
and case for investing, 7–9, 10n
investing advice and, 210
and investing while paying off student loans, 88–90
retirement investing and, 60, 68
conservative portfolios, 36, 64, 73, 129
Consumer Price Index Inflation Calculator, 8
credit, credit scores, 72, 84, 172
credit cards, 72
investing while paying off, 80–81, 86
micro-investing apps and, 127, 133
and readiness to start investing, 22, 24–25
cryptocurrency, 27, 43, 129, 181–82, 185, 212
custodial accounts, 126, 131–32
day only purchasing requests, 121
retirement investing and, 65–66
investment terminology and, 33, 39
nonretirement account investing and, 71–72, 77
and readiness to start investing, 18, 20–24
scams and, 177–78
selling investments and, 189–90
and tactics of wealthy people, 195–98, 202, 205
See also loans; student loans
derivatives, 180
discount brokerage firms and accounts, 37, 101–2, 140
Discover, 81
and case for investing, 5, 9, 12
impact investing and, 160, 162
investment terminology and, 34–35, 39, 45, 50
micro-investing apps and, 127, 131
robo-advisors and, 142–44, 146
selling investments and, 191–92, 194
and starting to invest in market, 103, 105, 110
stock picking and, 113, 115–18
and tactics of wealthy people, 202–4
dividend reinvestment plans (DRIPs), 41, 97
investment terminology and, 32, 41
micro-investing apps and, 132, 134
selling investments and, 192–94
stock picking and, 115, 121–22
Dodd-Frank Wall Street Reform and Consumer Protection Act, 172
Dogen, Sam, 216
dollar-cost averaging, 45, 54, 176, 191
Dow Jones Industrial Average (DJIA)
investment terminology and, 38, 43
market crashes and, 164–65, 168–71, 173
Dumb Things Smart People Do with Their Money, The (Schlesinger), 46, 51, 70, 83, 165, 179, 204
Dumpster Dog Blog, The, 216
and case for investing, 3–4, 11–13
investing advice and, 210, 212, 214
micro-investing apps and, 128, 131, 137
nonretirement account investing and, 71–73
and starting to invest in market, 93–94, 96, 110
and tactics of wealthy people, 195–98, 201
See also colleges, college; student loans
Einstein, Albert, 7
Ellevest, 85, 102, 185, 201, 217
overview of, 143–44
emergency funds, 5, 53, 86, 93, 210
nonretirement account investing and, 69, 77
and readiness to start investing, 18, 21–22, 25
employment, employers, 17–18, 47, 127, 179
and case for investing, 3, 9–11, 13–14
investing advice and, 215–16
and investing while paying off student loans, 82–83, 86–91
market crashes and, 165–66, 170–72
matches by, 9–10, 13, 23, 25–27, 57–60, 62–63, 71, 76, 83, 86–91
and readiness to start investing, 18, 21, 23, 25–27
and retirement accounts and investing, 9–10, 23, 25–27, 57–60, 62–71, 76, 82–83, 86, 122, 149
self-employment and, 13–14, 21, 66–67, 88, 91, 197
and starting to invest in market, 93, 95–96
stock picking and, 113, 122–23
and tactics of wealthy people, 195–98, 201, 206–7
unemployment and, 11, 44, 165–66, 171–72
See also companies
energy, 35, 111, 144, 157–58, 191
entrepreneurship, 196–97
environmental, social, and governance (ESG), 157–60, 162
equities, see stocks
ethics, 41, 144, 155–56, 158, 160–61
exchange-traded funds (ETFs), 40, 62, 181, 210
impact investing and, 156, 159
micro-investing apps and, 125–26, 129, 131–32, 134
robo-advisors and, 142–43, 150
selling of, 193–94
starting to invest in, 94, 99, 103–4, 107
stock picking and, 116–17, 123
investment terminology and, 30, 38–40, 42
micro-investing apps and, 133–34
and starting to invest in market, 100, 104, 106, 108, 110
financial advisors and, 150–51
and investing while paying off student loans, 82–83
and readiness to start investing, 18, 21–22, 25
investing advice and, 213, 215
nonretirement account investing and, 72, 74–75
and tactics of wealthy people, 195–98, 203
Fanger, Dave, 157–61
Federal Deposit Insurance Corporation (FDIC), 109, 167
Federal Home Loan Mortgage Corporation (Freddie Mac), 171
financial advisors and, 151–52
investment terminology and, 36–37, 41–42
micro-investing apps and, 130, 133, 137
robo-advisors and, 142–44, 147–49
and starting to invest in market, 93–94, 100–110
stock picking and, 122–24
Ferguson, Niall, 214
Fidelity Investments, 31, 36–37, 49, 65, 98, 101–2, 123, 151, 172–73
investing advice from, 214
robo-advisors and, 142, 144–45, 150
fiduciary, fiduciary standard, 41, 158
financial advisors and, 151–52
scams and, 184–85
and starting to invest in market, 100, 107
fill or kill purchase requests, 121
financial advisors, 27, 72, 85–86, 150–53, 179, 191, 204, 213
and case for investing, 6, 10, 13
feeling comfortable with, 151–52
investing advice and, 216–17
investment terminology and, 34, 37
questions to ask potential, 183–85
and readiness to start investing, 20–24, 26
retirement investing and, 60–61
and starting to invest in market, 95, 100–102, 105–8
what you need to know about, 151
where to speak with, 152–53
See also robo-advisors
financial goals, 219–21
and case for investing, 8–10
indentifying, quantifying, and prioritizing in, 71–72
investing advice and, 215–16
and investing while paying off student loans, 80, 83–84, 88
investment terminology and, 34, 42
micro-investing apps and, 126, 128, 131, 136–37
nonretirement account investing and, 70–74, 76–77
and readiness to start investing, 18, 20–22, 24–25
retirement investing and, 8, 76–77
robo-advisors and, 139, 142–44, 150–51
and starting to invest in market, 93, 95–97, 103, 110
and tactics of wealthy people, 195, 197–98
when to invest for, 73–74
Financial Industry Regulatory Authority (FINRA), 42, 130, 145, 210
and starting to invest in market, 95, 108–9
Financial Samurai, 216
fixed income investments, 33–34
flexible spending accounts (FSAs), 66
foreign stocks, 194
and case for investing, 9–10, 13
employer matches in, 9–10, 13, 23, 57–58, 62, 71, 76, 87–88
and investing while paying off student loans, 82, 86–90
micro-investing apps and, 128, 135–36
in retirement investing, 57–60, 62, 64–65, 67–72, 74
robo-advisors and, 142–43
starting to invest in, 93–94, 96
403(b)s, 60, 62, 64, 68–70, 74n, 86
4 Percent Rule, 75
market crashes and, 175–76
and tactics of wealthy people, 198–201
FTSE All-Share Index, 114
full-service brokerage accounts and firms, 37, 100–101
Garrett Planning Network, 152
Girl$ on the Money, 216–17
good until cancelled purchase requests, 121
graded vesting schedules, 63
Graham, Benjamin, 213
grantor-retained annuity trusts (GRATs), 200
Great Recession, 3, 43–44, 49, 85, 163, 170–72, 174
Hatry Crisis, 166
health, health care, 35, 135, 144, 157, 178, 191
nonretirement account investing and, 74, 76
retirement investing and, 66, 75–77
health savings accounts (HSAs), 57, 77
retirement investing and, 66, 76
Holden, Amanda, 216
down payments on, 35, 69, 73, 82
market crashes and, 170–72
nonretirement account investing and, 69, 72–74, 76
and readiness to start investing, 18, 21–22
retirement investing and, 65, 75–76
and tactics of wealthy people, 197–98
Howard, Clark, 4
immediate or cancel purchase requests, 121
immediate vesting schedules, 63
religion and, 160–61
your standards in, 156
incomes, income, 17–18, 45, 152, 193, 215
and case for investing, 3–5, 9–11, 13–14
and investing while paying off student loans, 84, 87–89
micro-investing apps and, 127, 131
and readiness to start investing, 18, 21, 23
retirement investing and, 58, 62, 65, 67–68, 71, 76
selling investments and, 192–93
and starting to invest in market, 93, 95, 97
and tactics of wealthy people, 196–97, 205–8
index funds, 19, 62, 111–12, 123, 125, 164, 179, 186, 213
and case for investing, 7–8
impact investing and, 156, 160–61
investment terminology and, 30, 32, 37, 40
selling investments and, 191, 193
starting to invest in, 94, 98, 103
See also S&P index funds
indices, 15
investment terminology and, 38, 40, 43
market crashes and, 164–65, 167–69
stock picking and, 113–14
individual (solo) 401(k)s, 67
individual retirement arrangements and accounts (IRAs), 4, 23, 26–27, 90, 142, 190, 204, 215
definition of, 64–65
and micro-investing apps, 128, 131
in retirement investing, 59–60, 64–70, 76
insurance, 66, 109, 145, 167–68, 215
Intelligent Investor, The (Graham), 213
interest, interest rates, 77, 170, 190
and case for investing, 7–9, 12
and investing while paying off credit card debt, 80–81, 86
and investing while paying off student loans, 80–87, 91
investment terminology and, 34, 40–41
and readiness to start investing, 21–23
See also compound interest
interest income, 192–93
Internal Revenue Service (IRS), 45, 95, 131, 146
retirement investing and, 65, 68, 74n
selling investments and, 192–93
internships, 3–4
investing, investments
automating contributions in, 24, 38, 41, 54, 132, 135, 137, 140, 143, 147, 176
buying, selling, and holding of, 5, 12, 36, 38, 42–45, 49–50, 52, 80, 97–98, 107–13, 115–17, 119–24, 129–30, 147, 165–68, 174, 176, 189–95, 202–3
case for, 3–16
comparisons between gambling and, 114–15
consistency in, 6–7, 40, 45, 54, 82, 134, 153, 175, 207, 220–21
long-term, 5, 12, 22, 43, 48–49, 51–53, 58, 61, 86, 97, 111–13, 149–51, 175, 193
minimums for, 19, 23, 37, 40, 77, 96, 98–103, 105–7, 126, 131, 142–44, 152, 161
misconceptions about, 18–20
readiness to start, 20–26, 149, 153, 219
reinvesting and, 41, 97, 121, 132, 134, 143, 176, 193
rules of thumb in, 51–52
selection of, 6, 27, 60–61, 94, 103, 110–24, 126, 129–31, 175, 179, 217
starting early in, 4, 6–7, 9–12, 19–20, 24, 40, 59–60, 89, 117, 135, 195, 202, 204, 207
theories of, 45–46
investing advice, 15, 100, 111, 131, 183, 209–18
books for, 212–14
brokers for, 213–14
courses for, 218
highly technical sites for, 210–11
media outlets for, 211
online resources for, 216–18
Investors Podcast, The, 212
on investing while paying off student loans, 86, 88
on market crashes, 173–75
on retirement investing, 60–61
on tactics of wealthy people, 202–3
Jill on Money, 204
Jlcollinsnh.com/stock-series, 217
JPMorgan Chase, 198
Kennedy, Joseph P., Sr., 55
Kitces, Michael, 217
Krawcheck, Sallie, 217
on investing while paying off student loans, 85–86
on scams, 185–86
on tactics of wealthy people, 201–2
Krieg, Brandon
on tactics of wealthy people, 203–4
on financial advisors, 151–52
on market crashes, 172–75
Lehman Brothers, 171
Lele, Avi, 115–18
lifecycle funds, 61
lifestyles, 21, 23, 74–75, 128, 196, 220
Little Book of Common Sense Investing, The (Bogle), 213
market crashes and, 166, 170–71
nonretirement account investing and, 71–72
and readiness to start investing, 22, 24
scams and, 177–78
selling investments and, 189–90
and tactics of wealthy people, 195–98
See also student loans
Malkiel, Burton G., 213
margin, margin accounts, 37, 97, 130
Marketplace, 212
market sell orders, 191
Matthews, Kevin L., II, 216
maxing out, 1, 67–69, 72, 74–77
MGM Resorts International, 160
micro-investing apps, apps, 1, 19, 27, 45, 51, 125–37, 191, 203, 214
automating contributions and, 132, 135, 137
and case for investing, 14–15
common misconceptions about, 134–35
overview of, 127–33
and starting to invest in market, 99, 102
stock picking and, 123, 126, 129–31
what you need to know and share before starting with, 126–27
modern portfolio theory, 45, 134
modified adjusted gross incomes (MAGIs), 65
Molson Coors Brewing Company, 160
Morgan Stanley Capital International (MSCI), 159, 161
impact investing and, 159–60
and starting to invest in market, 99, 104
mortgages, 10, 21–22, 86, 170–71
mutual funds, 15, 126, 171, 179, 210
buying, selling, and holding of, 108, 189–91, 193–94
impact investing and, 156, 159
investment terminology and, 38–40, 42
in retirement investing, 62, 66
scams and, 180–81
starting to invest in, 94, 99, 103–4, 107–8
stock picking and, 116–17
Nasdaq, Nasdaq Composite Index, 164, 169–70
National Association of Personal Financial Advisors (NAPFA), 152
Nerd’s Eye View, 217
Netflix, 11, 60, 109, 111, 179
net worth, 1, 6, 95, 127, 172, 186
and tactics of wealthy people, 197–99
New Century Financial Corporation, 171
New York Stock Exchange, 19, 170
New York Times, The, 4, 211, 214
9/11 terrorist attacks, 170
NPR, 199n
Nugent, Dave, 114, 140, 147–49, 153
Oblivious Investor, 217
Observer, 113–14
online financial advisors, see robo-advisors
Pant, Paula, 211–12
parents, 1, 11, 17–18, 69, 79, 174, 216
and case for investing, 3–6
micro-investing apps and, 126, 131–32
retirement investing and, 57–58, 66
scams and, 177–78
and starting to invest in market, 94, 99
and tactics of wealthy people, 195–200
passive management, 38, 40, 103, 105
Pets.com, 169
Piper, Mike, 217
plans, planning, 128, 174, 179, 202, 215
investment terminology and, 35–37, 41
and readiness to start investing, 22–23, 25–27
risk and, 54–56
robo-advisors and, 141, 143–44, 148–49
and starting to invest in market, 94, 105
See also retirement, retirement plans
Pocket Idiot’s Guide to Investing in Stocks, The (Burgess et al.), 213
podcasts, 30, 204, 211–12, 218
Pokémon cards, 163
portfolios, 11
impact investing and, 158, 160–62
investing advice and, 215–16
and investing while paying off student loans, 82–83, 86, 91
investment terminology and, 31–32, 34, 36–40, 42–43, 45
market crashes and, 168, 171–72, 174–76
micro-investing apps and, 126–29, 131–34, 136
minimum initial investments for, 98, 100, 102–3, 105, 107
retirement investing and, 58, 61, 64, 71, 75, 129
risk and, 48, 50–53, 55–56, 73, 75, 105
robo-advisors and, 140–44, 147–48, 153
scams and, 184–86
selling investments and, 190–92, 194
stock picking and, 113–17, 122–23
and tactics of wealthy people, 196–97, 200, 205
practice accounts, 122
private equity companies, 181, 199
public, publicly traded, 32–33, 38, 169
purchase fees, 108
Random Walk Down Wall Street, A (Malkiel), 213
real estate, 11–12, 31–32, 35, 50, 143, 191, 197, 202, 212
rebalancing, 52, 61, 64, 134, 175, 220
definition of, 42–43
robo-advisors and, 140–41, 143, 145, 147, 154
selling investments and, 190–91
and starting to invest in market, 102, 105, 110
and tactics of wealthy people, 202–3
recessions, 3, 74, 85, 110, 163, 165, 170–72, 174, 176
investment terminology and, 43–44
risk and, 49–50
redemption fees, 108
religion, 160–61
required minimum distributions, 69
retirement, retirement plans, 57–77, 171, 190, 215
and case for investing, 4, 8–10, 12–13
employer matches in, 9–10, 13, 23, 25–27, 57–60, 62–63, 71, 76, 83, 86–91
investing outside of, 57, 69–77
and investing while paying off student loans, 79, 81–83, 86–91
investment terminology and, 30, 34–35, 42–43, 45
micro-investing apps and, 128–29, 131–32, 135
and readiness to start investing, 23–27
selecting investments for, 60–61, 122
setting up of, 60–61
and starting to invest in market, 96, 110
and tactics of wealthy people, 196, 201, 206–7
terminology specific to, 62–68
25 Rule and, 75–76
withdrawals from, 65, 68–69, 74–77
returns on investments (ROIs), 147, 163
and case for investing, 7–9, 14
and impact investing, 161–62
and investing advice, 217–18
and investing while paying off credit card debt, 80–81
and investing while paying off student loans, 82–83, 85–87
and investment terminology, 38–41
and micro-investing apps, 133, 137
and readiness to start investing, 21, 25
and retirement investing, 59, 76
and scams, 186–87
and starting to invest in market, 106, 108–9
and tactics of wealthy people, 206, 208
risk, risk tolerance, 18, 46–56, 190, 219–20
asset allocation and, 50–52, 56
and case for investing, 3–4
and checking on investments, 47, 52
diversification and, 50, 54, 56, 105
impact investing and, 160, 162
inability to tolerate, 55
investing advice and, 209, 216
and investing while paying off student loans, 83–84, 91
investment terminology and, 31, 33–36, 42–43
micro-investing apps and, 51, 126–27, 132, 134
nonretirement account investing and, 72–74
and protecting yourself from yourself, 53–56
and readiness to start investing, 20–21, 24
retirement investing and, 60–61, 75
robo-advisors and, 142, 144, 147, 154
and starting to invest in market, 93–94, 103, 105, 107, 109–10
stock picking and, 113–15, 120
and tactics of wealthy people, 198, 203
Robbins, Tony, 206
Robinhood, 102, 123, 129–30, 132
robo-advisors (online financial advisors), 14, 45, 123, 126, 136, 139–54, 160, 215
overview of offerings of, 142–44
perks of, 146–47
pitfalls of, 147–49
safety of, 145–46
selling investments and, 191–92
and starting to invest in market, 102, 105
what they are, 140–41
Roth accounts
and investing while paying off student loans, 90
IRAs and, 4, 64–65, 67, 76, 128, 131, 215
micro-investing apps and, 128, 131
in retirement investing, 57–58, 62, 64–65, 67–68, 74, 76
withdrawals from, 68
impact investing and, 156, 161
investment terminology and, 38, 43
market crashes and, 164–65, 170, 172
S&P 500 index funds, 19, 30, 32, 37, 81–82, 103, 116
impact investing and, 160–61
and case for investing, 3–4, 9
and investing while paying off student loans, 79–80, 82–83, 86, 88, 90–91
investment terminology and, 30, 44
market crashes and, 166–67
micro-investing apps and, 134–36
nonretirement account investing and, 69–70, 72–73
and readiness to start investing, 18–19, 21, 23, 25
retirement investing and, 58–59, 62, 75–76, 88, 90–91
robo-advisors and, 140, 145, 150–51
and starting to invest in market, 94, 99, 110
and tactics of wealthy people, 196, 202–5, 207
savings accounts, 25–26, 53, 107, 193
and case for investing, 4, 8–9, 12
and readiness to start investing, 18, 21, 25
retirement investing and, 66, 71
scams, 177–87
experts on, 179–82
financial advisors and, 180–85, 187
investments you should question and, 185–86
life insurance and, 177–78, 186
and questions to ask about products, 184–85
Schlesinger, Jill, 45–46, 165, 204, 212, 219
and investing while paying off student loans, 83, 91
micro-investing apps and, 135–36
nonretirement account investing and, 70–71, 73
scams and, 179–80
Charles Schwab & Co., Inc., 8, 36–37, 48, 65, 101–2, 123, 215
robo-advisors and, 142, 144–45, 150
Schwab-Pomerantz, Carrie, 8, 48–50, 52, 54–55
sectors, 8–9, 35, 39, 103, 117, 158, 160, 162, 165, 191–92, 203
securities, 33, 39, 115, 117, 130, 161–62, 166, 171, 182, 184
Securities and Exchange Commission (SEC), 10n, 118, 130, 210
robo-advisors and, 145–46
and starting to invest in market, 95, 107, 109
Securities Industry and Financial Markets Association (SIFMA), 210–11
Securities Investor Protection Corporation (SIPC), 109, 127, 145
shareholders, stockholder, 32–33, 38, 41, 193
shares, 107–9, 126, 130, 145, 161, 179–80
investment terminology and, 32–33, 38, 41, 44–45
market crashes and, 165n, 169, 176
stock picking and, 111, 115–22
Shin, Laura, 212
Simple Path to Wealth, The (Collins), 213, 217
simplified employee pension IRAs (SEP IRAs), 66–67, 128
socially responsible investing (SRI), 157–62
See also impact investing
social media, 15
Social Security, 76, 95, 97, 110, 126
solo (individual) 401(k)s, 67
speculation, 43, 55, 166, 169, 182, 187
stock market
and case for investing, 5–6, 9, 11–13, 15
corrections of, 43, 47, 50, 74, 85, 110, 147, 163–64, 168, 173, 184
crashes and volatility of, 5, 11, 34, 44, 49, 55, 83, 163–76, 217
impact investing and, 155, 161
investing advice and, 209, 210–11, 213, 217
and investing while paying off credit card debt, 80–81
and investing while paying off student loans, 83, 85–87, 91
investment terminology and, 30–31, 33–36, 38–39, 43, 45
love letter from, 11–13
micro-investing apps and, 130, 134–35
nonretirement account investing and, 72–74
and readiness to start investing, 18–19, 22, 24–26
recoveries of, 164, 167–68, 170–72
robo-advisors and, 140–41, 145, 147, 153
scams and, 184–85
selling investments and, 191–92
starting to invest in, 2, 93–110
stock picking and, 113–16, 120
and tactics of wealthy people, 202–3
ups and downs of, 5–6, 9, 12, 15, 34–36, 43, 46–52, 54, 56, 73, 83, 85–86, 91, 109–10, 113, 115, 141, 147, 163–66, 168, 170–76
Stock Market Investing (Nuñez), 213
buying, selling, and holding of, 97, 107, 112, 115–17, 119–24, 168, 170, 174–76, 185, 193–94
and case for investing, 5, 9, 15
fractional shares of, 115–17, 132
gifting of, 132–33
investing advice and, 213, 217
investment terminology and, 32–33, 35, 38–44
market crashes and, 164, 166–67, 174–75
micro-investing apps and, 126, 129–34
picking of, 27, 94, 103, 110–24, 126, 129–31, 175, 179, 217
retirement investing and, 60–62, 64, 75
risk and, 49–52, 55, 73, 75, 103
starting to invest in, 94, 97, 103–4, 107, 109
things to know before buying, 119–22
types of orders for, 120–21, 124
ups and downs of, 112, 114, 123–24, 179
student loans, 39
debt tolerance and, 90–91
investing while paying off, 2, 79–91
nonretirement account investing and, 71–72
and readiness to start investing, 22, 24
refinancing of, 84–85
scams and, 177–78
selling investments and, 189–90
and tactics of wealthy people, 195–96
subprime mortgage crisis, 170–71
suitability, suitability standard, 42, 100, 107, 151, 158, 184–85
Sullivan, Paul, 214
target-date (all-in-one) funds, 60–61, 64
Tax Cuts and Jobs Act, 193n
financial advisors and, 150–51
investing advice and, 215, 217
and investing while paying off student loans, 86, 89–90
investment terminology and, 30, 42, 44–45
micro-investing apps and, 125, 131, 136
nonretirement account investing and, 70, 74, 77
retirement investing and, 57–58, 62, 64–69, 74, 77
robo-advisors and, 140–43, 146, 150–51, 154, 192
selling investments and, 190, 192–94
and starting to invest in market, 94–95, 102, 105, 110
and tactics of wealthy people, 199n, 200, 202, 205, 208
tax-loss harvesting, 190
definition of, 44–45
robo-advisors and, 140–41, 143, 146, 154
and starting to invest in market, 102, 105
Thin Green Line, The (Sullivan), 214
time, time horizons, timing, 121, 216
and case for investing, 4, 6–7, 9–12
and investing while paying off student loans, 79, 82, 84, 87, 89–90
investment terminology and, 31, 34–36, 38–39, 42–43
market crashes and, 167, 173–76
micro-investing apps and, 129, 135
and misconceptions about investing, 19–20
nonretirement account investing and, 72–74
retirement investing and, 58–61, 71, 76
robo-advisors and, 141, 145–46, 149
selling investments and, 190, 192
and starting to invest in market, 2, 93–94, 103, 105, 110
and tactics of wealthy people, 199–200, 204, 207
trading (transaction) fees, 100, 107, 122–24, 133, 142
Trinity study, 75
25 Rule, 75–76
Unchained, 212
UN Sustainable Development Goals, 157–58, 160
USA PATRIOT Act, 95
Vanguard, 36–37, 52, 65, 101–2, 129, 132, 145, 161, 180–81, 213
investing advice from, 214–15
robo-advisors and, 142, 144–45, 150
vesting schedules, 63–64
Virta, Julie, 10, 19–20, 22–24, 48, 85
Volkswagen, 159
Wall Street Journal, The, 11, 211
Wealthfront, 102, 144, 150, 215
Wealthsimple, 102, 114, 140, 149–50, 160
investing advice from, 215–16
overview of, 143
wealthy people, 19, 134, 214, 220
Barrett on, 206–7
Boneparth on, 204–5
Bruno on, 205
Fox on, 198–201
Jaconetti on, 202–3
Krawcheck on, 201–2
Krieg on, 203–4
in protecting assets, 199–200, 207
Schlesinger on, 204
tactics of, 195–208
investing advice and, 210–11, 214–17
micro-investing apps and, 128, 130–31
and starting to invest in market, 95, 99, 104, 107
whole life insurance, 178, 186
wills, 66
XY Planning Network (XYPN), 152