ILAB 142: Q1 Investment Updates – The 2020 Downturn

“You are not investing in stocks to make 10x, you are investing in stocks to make 8% over the next 20-30 years.”

Sam Marks

Sam Marks and Johnny FD are self made entrepreneurs who invest our own money and use modern technology to invest like a boss. During this episode, Sam and Johnny FD provide their perspectives on managing investments at different wealth levels as the COVID-19 pandemic progresses. They’ll share an update on how their portfolios have been performing over the last quarter.

Listen to ILAB 142 on iTunes here or subscribe on your favorite podcast app.

ILAB 142 Show Notes


Where we are:

Sponsor:

Discussed:

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Time Stamps:

  • 05:37 – Investing in individual stocks vs investing in index funds
  • 10:15 – “You are not investing in stocks to make 10x, you are investing in stocks to make 8% over the next 20-30 years.” – Sam Marks
  • 10:23 – Understanding investment fees
  • 15:05 – Creating an emergency saving fund before investing
  • 21:45 – Books to read before investing
  • 25:00 – How much money should you invest
  • 27:00 – “If you put the money all at once and the market is going down, you are losing in total value, but if you are putting money each month, you are actually buying when it’s going down and it’s gonna benefit you in the long-run.” – Sam Marks
  • 30:22 – Index funds to choose for first-time investing
  • 35:00 – Advice for investors outside of the USA
  • 40:00 – Situation with stocks right now
  • 43:43 – “And the reason why we know the economy is going to recover, it’s because it always has.” – Johnny FD
  • 47:58 – Stocks vs bonds
  • 50:00 – Taxable and Non-Taxable accounts in the USA
  • 55:46 – Websites where you can invest

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