[Broke Millennial 02] • Broke Millennial Takes on Investing · A Beginner's Guide to Leveling Up Your Money, A Beginner's Guide to Leveling Up Your Money by Lowry, Erin -- Read -- Imperial Library of Trantor

Index

Cover Praise for Erin Lowry Title Page Copyright Dedication Contents Preface: Is This Book Right for You? Introduction: The Case for Investing

WHY YOU NEED TO INVEST YOUR MONEY A LOVE LETTER TO YOU, FROM THE STOCK MARKET WHY I’M THE ONE TALKING TO YOU ABOUT INVESTING FULL TRANSPARENCY ABOUT ME DISCLAIMER ON INVESTING ADVICE— BECAUSE IT’S A SENSITIVE SUBJECT FEELING MOTIVATED TO GET STARTED?

Chapter 1: But Are You Ready to Start Investing?

INVESTING ISN’T JUST FOR WEALTHY PEOPLE INVESTING ISN’T JUST FOR OLDER PEOPLE PUTTING ON YOUR FINANCIAL OXYGEN MASK AM I TOO MUCH OF A BROKE MILLENNIAL TO START INVESTING? HOW THIS BOOK IS ORGANIZED

Chapter 2: Let’s Establish a Common Language

AN APOLOGETIC DISCLAIMER WHAT YOU ABSOLUTELY NEED TO KNOW THINGS WORTH KNOWING ONCE YOU GET STARTED RETIREMENT TERMS LET’S TALK ABOUT INVESTING THEORIES

Chapter 3: Grabbing the Bull by the Horns When You’re Risk Averse

YES, YOUR INVESTMENTS WILL GO DOWN AT SOME POINT HERE’S AN IMPORTANT SECRET TO KNOW WHY ASSET ALLOCATION AND DIVERSIFICATION ARE YOUR BESTIES HOW DO I KNOW MY RISK TOLERANCE AND ASSET ALLOCATION? HOW OFTEN SHOULD I CHECK ON MY INVESTMENTS? HOW TO PROTECT YOURSELF FROM YOURSELF WHAT IF YOU JUST CAN’T HANDLE ANY RISK?

Chapter 4: I Have a 401(k)—Do I Need to Do More Investing?

NOT SAVING FOR RETIREMENT YET? SETTING UP YOUR FIRST RETIREMENT PLAN RETIREMENT TERMS YOU NEED TO KNOW WHAT HAPPENS WHEN YOU CASH OUT A RETIREMENT ACCOUNT EARLY? THE CASE FOR INVESTING IN MORE THAN YOUR RETIREMENT ACCOUNTS GOAL SETTING WHEN SHOULD YOU BE INVESTING FOR YOUR GOALS? SHOULD YOU MAX OUT RETIREMENT ACCOUNTS BEFORE INVESTING IN ANYTHING ELSE?

Chapter 5: Should I Invest When I Have Student Loans?

STEP ONE: DO THE MATH ON YOUR INTEREST RATES STEP TWO: AT LEAST INVEST IN RETIREMENT VEHICLES WHAT’S YOUR DEBT TOLERANCE?

Chapter 6: I Want to Put Money in the Market—How Do I Start?

OKAY, BUT SERIOUSLY, THEN—HOW DO I GET STARTED? WHAT YOU NEED TO OPEN A BROKERAGE ACCOUNT WHAT YOU SHOULD DECIDE BEFORE YOU BEGIN OTHER QUESTIONS YOU MAY BE ASKED WHILE SETTING UP YOUR ACCOUNT WHICH BROKERAGE SHOULD I USE? PICKING YOUR INVESTMENTS UNDERSTANDING THE FEES IS MY MONEY PROTECTED?

Chapter 7: I Like Gambling—Isn’t That Like Individual Stock Picking?

PICKING INDIVIDUAL STOCKS . . . IF YOU MUST HOLD UP, IS INDIVIDUAL STOCK PICKING LIKE GAMBLING? HOW IS STOCK PICKING DIFFERENT FROM OTHER TYPES OF INVESTING? PUTTING YOUR TOE IN THE WATER WITH FRACTIONAL SHARES DECIDING WHICH STOCK TO PICK WHAT YOU NEED TO KNOW IN ORDER TO BUY A STOCK GETTING SOME EXPERIENCE BEFORE YOU TRULY COMMIT SHOULD I PURCHASE MY EMPLOYER’S STOCK? WHERE CAN I BUY STOCKS?

Chapter 8: Investing—Of Course There’s an App for That

WHAT IS MICRO-INVESTING? WHAT YOU NEED TO KNOW AND SHARE BEFORE YOU START A LOOK AT MICRO-INVESTING APPS AN IMPORTANT POINT ABOUT COST COMMON MISCONCEPTIONS ABOUT MICRO-INVESTING JUST BECAUSE YOU CAN, DOES THAT MEAN YOU SHOULD? LITTLE BITS HELP, BUT YOU NEED TO DO MORE

Chapter 9: Robo-Advisor or Human Advisor—Which Is Better?

WHAT IS A ROBO-ADVISOR? IS ROBO-ADVISOR EVEN THE BEST TERM? WHAT EXACTLY WOULD I BE SIGNING UP FOR? CAN’T I JUST DO IT MYSELF? IS IT SAFE TO USE A ROBO-ADVISOR? THE PERKS AND PITFALLS OF USING A ROBO-ADVISOR WHEN ARE YOU READY TO USE A ROBO-ADVISOR? THE BROKERAGE I ALREADY USE OFFERS A ROBO-ADVISOR IS IT TIME TO SPEAK TO A HUMAN? WHERE TO SPEAK TO A HUMAN ARE ROBO-ADVISORS AND HUMAN ADVISORS MUTUALLY EXCLUSIVE?

Chapter 10: Impact Investing—Making Money Without Compromising

ARE YOUR INVESTMENTS REALLY LIVING UP TO YOUR STANDARDS? WHAT IS IMPACT INVESTING? WHAT IS SOCIALLY RESPONSIBLE INVESTING? HOW TO CHECK UNDER A COMPANY’S HOOD INVESTING WITH RELIGIOUS BELIEFS IN MIND CAN I STILL MAKE A DECENT RETURN ON MY INVESTMENTS?

Chapter 11: Riding Out the Panic of a Market Crash

A HELPFUL HISTORY LESSON PLAYBOOK FOR HANDLING A DOWNTURN

Chapter 12: Sniffing Out a Scam

WHAT THE EXPERTS HAVE TO SAY VETTING FINANCIAL ADVISORS AND PRODUCTS INVESTMENTS YOU SHOULD QUESTION

Chapter 13: So, You’re Ready to Sell an Investment

WHEN TO SELL AN INVESTMENT HOW TO SELL AN INVESTMENT DO YOU NEED TO BUY NEW INVESTMENTS TO KEEP YOUR PORTFOLIO DIVERSIFIED? THE TAX IMPLICATIONS OF SELLING OR MAKING A WITHDRAWAL WILL YOU OWE ANY FEES?

Chapter 14: Tactics the Wealthy Use to Make and Preserve Money

Chapter 15: Where Can I Get More Investing Advice

HIGHLY TECHNICAL SITES MEDIA OUTLETS PODCASTS BOOKS RESOURCES FROM BROKERAGE FIRMS, ROBO-ADVISORS, AND APPS ONLINE RESOURCES COURSES FIND THE THING THAT SUITS YOU BEST

Conclusion: Now It’s Time to Level Up! Acknowledgments Notes Index About the Author Also by Erin Lowry