INT7. 5 Popular Misconceptions Part 2

There are many misconceptions around saving and investing, and even how difficult it is (or is not). Here are some (Part 2).

Category:

Education

Tags:

• saving
• investing
• savings
• investment
• compounding
• book
• money
• finance
• stocks
• bonds
• save
• invest
• wealth
• misconceptions
• business
• economics
• economy

[OneLineNowMan]

I have a question about the value of the U.S. dollar, If I had one dollar worth of buying power in 1913, how much would that buying power be today in 2008 U.S. dollars?

[savingandinvesting]

If you had the buying power of a 2008 dollar in 1913, it would mean having approximately $28 today. In other words a dollar in 1913 had as much buying power as $28 today. So you would have needed to earn a return on that one dollar - otherwise it would buy you a lot less! (Inflation was about 3.3% between 1913 and 2008). Best regards, Michael

[oleak]

I live in barbados and i have bought some shares already (real estate) what advice would you give me? I'm only 18 and interested in mutual funds

[savingandinvesting]

Best advice I can give you is to learn as much as possible about investing and company whose shares you are buying. Sepcific answer depends on your total situation - bear in mind: long-term, diversification, tax issues, transaction costs and at your age esp. compounding for long-term. All the best.

[freezazoid]

oh, shut up this video is great. I agree that he talks at the speed of light often times, but the info is priceless... this guy is awesome.

[freezazoid]

there's a great website called inflation calculator. check it.

[Courmayeur1]

Well done old bean! I'm in my early thirties and have been working in the city (ldn) for over 10years and what you give is someone to listen to - regardless of whether or one agrees - you're providing the exercise of 'thought'! I've personally raised in excess of 10bn(GBP) in equity capital (IPO and secondaries...and thankfully, CAGR is c23% of all those investments) and love to hear what other experienced practitioners and/or observers of the market have to say. So again, pls keep it up. R

[mckronic]

love all your videos thanks alot

[terek66]

Are you in a hurry or something? You taking like a rocket! This particular video sucks. Yup. It just not good at all. When you teach, you teach, not just say the words like a man in a hurry.

Slow down a bit. And everything is gonna be just fine.

[prokkets]

great videos, thanks very much. I added all of these to a playlist and litsen to them. I will definately listen to more if you post more.

[noraklagrangian]

The reason why you should do it by yourself is that you can't trust anyone else with your money because they might have motives contrary to your own. But that doesn't mean you can't consider advice from others. Just don't be too trustworth and have a healthy skepticism.

[noraklagrangian]

Investing is financial sacrifice because by investing you give up wealth now for more wealth in the future. So what you are sacrificing is current wealth. Whether this is good or not for an individual depends on his valuation of current wealth compared to future wealth.