Taking your finances into your own hands and start investing can be overwhelming, so in this video I will give you the basic knowledge and action steps to go on your own journey with investing your money.

Watch next
Simple ETF Fund Strategies: https://youtu.be/OIZzzaRSIJI


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FOR FREE 💸

📃 My free Checklist for Financial Security: https://sophia-fin.ck.page/checklist-financial-security
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MY FAVORITE FINANCE BOOKS 📚

The Richest Man in Babylon - probably the oldest and a classic https://amzn.to/3t5CYPP
Rich Dad Poor Dad - an all-time classic in personal finance https://amzn.to/484p0fM
Secrets of the Millionaire Mind - my secret for a better money mindset https://amzn.to/3TCZief
Money Master the Game - this book has everything, mindset, practical advice, investments https://amzn.to/47JyX2L
I will teach you to be rich - practical and funny at the same time https://amzn.to/47JTyUo
The Little Book on Common Sense Investing - from John Bogle, the father of index investing https://amzn.to/46PWH3H

See more books: https://www.sophiafin.com/booknotes/

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MY FILMING GEAR

🎥 Camera - https://amzn.to/3TJansP
💡 Light - https://amzn.to/49o7Xpl
🎤 Microphone - https://amzn.to/3vD0q8u
🪜 Tripod - https://amzn.to/3U7FpMI

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WHO AM I

I’m Sophia, a doctor based in Europe and I love to talk about all things money, wealth, investing and the psychology behind it. I’m also intrigued by the idea of financial freedom - would love for you to join me on that journey :)

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GET IN TOUCH 🔗

💌 Sign up for my Newsletter - https://sophia-fin.ck.page/newsletter
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📸 My Instagram - https://www.instagram.com/thesophiafin

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DISCLOSURE + DISCLAIMER 🔎

I do not provide tax, insurance or investment advice. This content is for educational and entertainment purposes only. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative for future results. Investing of any kind involves risk, including the possible loss of principal. Please always do your own due diligence before making any investment decisions.
Some of the links in this description are affiliate links, which means if you click on them and make a purchase I may receive a small commission without additional cost for you.


⌚ TIMESTAMPS
00:00 Intro
00:23 Who is this video for?
01:28 KNOW THE BASICS
01:55 What is an asset?
02:52 What is an investment?
03:04 Is an investment risky?
03:18 What is the risk-return-tradeoff?
03:38 Reduce risk with diversification
04:23 Asset allocation
04:40 What is an index?
05:13 What is a fund? Mutual funds and index funds
07:16 Reduce risk with time horizon
08:32 What is compound interest?
09:09 Why should we invest?
09:17 What is inflation?
10:01 Investment strategies
11:58 3 most important factors for private investors
12:19 STRATEGIZE (5 steps)
12:23 Analyze your finances
12:46 Set a savings rate
13:16 Secure (insurances, emergency fund, debt)
14:50 Set an asset allocation
17:50 When is a good time to invest?
18:22 How much should I invest?
18:38 AUTOMATE
20:31 IMPORTANT PRINCIPLES
21:56 NEXT ACTIONS


#investing #investingforbeginners