Welcome to the Investing for Beginners podcast. In today’s show, we discuss:

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How to save money over a short period of time with zero volatility
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How taxes work for a brokerage account, and other styles of brokerage accounts such as a solo 401k
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Things to consider when looking to invest in real estate
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Deciding what kind of investor you are and then building your portfolio to match that profile.
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The benefits of using a stock advisor service.


For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com

Today’s show is sponsored by:

Masterworks.io/IFB

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Transcript

[00:00:00] Dave: All right, folks. Welcome to Investing for Beginners podcast. Tonight, we have episode 209, and we are going to go back to the well and answer some great listener questions after taking a break to talk to Braden and Simon last week with a Canadian investor podcast, which was a really fun conversation.

So if you guys haven’t checked that out, go back and listen to the archives. The last week’s episode was it was awesome. So I’m going to go ahead and read our first question. So we’ve got this great question here. I thought it was appropriate because it talks about something Andrew and I both really like a lot.

So here we go. Hi Andrew, I’ve been listening to the podcast now for close to a year and love and appreciate all the advice. I’ve really learned a lot about investing, which. I was curious about and interested in, but too scared to actually ever look into it. Now I have the mindset of looking to make money work for me, which brings me to my point.

So this is a really cool point. So I am the commissioner of a 12 team fantasy football league. Our buy-in is a hundred dollars a person. I’ll be holding that money for the next six months and distributing all the winnings to the winner of our league. But is there a way to make money off that money?

In the meantime, I remember listening to your podcast where you two had mentioned commercial paper, and after looking into it a bit, these stocks do not appear to be

Too volatile. I was thinking of investing the $1,200 and collecting dividends till the end of our season. Now I understand I will not be making a lot of money, but I thought I could generate a little bit more than I could then reinvest into my personal portfolio afterward. Does this sound like a good idea, and what are some possible pitfalls that I might not be seeing?