The best ways to start building wealth early.

Aug 22

In this episode: More calls! Don and Tom advise a father who wants to help his daughter begin her investing journey on the right foot and explain why families should make payments to young people’s Roth IRAs instead of giving gifts. Callers also ask about owning individual stocks, the poor state of the current market and whether it’s best to invest in gold or bonds. Tom and Don also talk about the new “best interest” rules by the SEC and remind readers about being wary of steak dinner sales pitches for indexed annuities with horrifically high fees.

Acorns and other advice for an 18-year-old who wants to get into investing.

Giving gifts in the form of payments into a young person’s Roth IRA.

The percentage of income you are allowed to contribute toward a Roth IRA.

Why you should rather sell your individual shares.

Keeping in mind that your investments are about you and not about the world.
What about investing in gold?

Don’s definition of active investing.

The weak attempt at new “best interest” rules by the SEC.

Asking advisors about surrender charges.

Vestory — https://vestory.com/

Acorns — https://www.acorns.com/

Vanguard — https://investor.vanguard.com/corporate-portal/

United Technologies Corporation (UTC) — https://investor.vanguard.com/corporate-portal/