The Investing for Beginners Podcast - Your Path to Financial Freedom

The Investing for Beginners Podcast - Your Path to Financial Freedom


IFB211: Brokers, Index Funds, and Cash Flow Statements

October 28, 2021

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

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Finding and choosing the best brokerage account for you, especially ones that offer no fees, partial share purchasing, and DRIP options
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The different options to build a portfolio using ETFs and some of the important details to look for when choosing different ETFs
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The impact of the cash flow statement and some different items to look for and how to read the story they are telling


Today’s show was sponsored by:

Koch Industries – Good Profit

Wealthfront.com/investing

Charityvest.org/ifb

Nordpass.com/ifb

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

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Transcript

I love this podcast because it crushes your dreams and getting rich quick. They actually got me into reading stats for anything you’re tuned in to the Investing for Beginners podcast led by Andrew Sather and Dave Ahern with a step-by-step premium investing guide for beginners. Your path to financial freedom starts now.

[0:33] DAVE:  All right, welcome to Investing for Beginners podcast. Tonight we have episode 211. We’re going to go back to the well in terms of requests for questions that we got recently. So, without further ado, I will go ahead and read the first question, and then Andrew and I will do our usual give and take.

So here we go. Hi, Andrew, I just started listening to the investing for beginners podcast, and I didn’t know where else to get in contact with you. My wife and I have a TD Ameritrade and were wondering, the recommendation is Different for every trade and is that the same across all brokerages. Thank you, Christian. So Andrew, what are your thoughts on Christians questions. 

[00:39] ANDREW: The brokerages I use or do not charge me to make trades. So you know, obviously, you want to open a brokerage account if you want to buy stocks, you want to invest in the stock market, buy ETFs, anything of that sort. And so, the ones that I use personally are Fidelity. I use Merrill Edge; I use ally invest. One more than something like Schwab. So they all work pretty well, but none of them charge. Are you getting charged to charge?

[01:12] DAVE: No, I am not getting charged. I use Fidelity and Schwab, and I do not get charged for it. So I strongly, strongly recommend both of them. They’re both super easy to use, easy to open the accounts and do the funding,