ALL
ALL RIGHT
ALL RIGHT GUYS 4@ WELCOME BACK. IT IS TIME NOW FOR YOUR SUNDAY MONEY 4@TODAY F
OUR SEGMENT WE'VE GOT SOME
VIEWER MAIL A VIEWER WROTE 4@OU
GRANDS4@ON IS A FRESHMAN AT USC
AND HE WANTS TO INVEST IN THE
STOCK MARKET SHOULD I BE
CONCERNED. A VERY INTERESTING
QUESTION ONE I'M INTERESTED IN.
WE'VE GOT OUR MONEY THAT PAUL
FAN PRESIDENT OF ASSET PLANNING
QUESTION ONE I'M INTERESTED IN. WE'VE GOT OUR MONEY THAT PAUL FAN PRESIDENT OF ASSET PLANNING@
RATIO HERE TO ANSWER THAT
QUESTION WITH HIS THOUGHTS.
PAUL THANKS FOR BEING HERE.
SURE. INTERESTING QUESTION.
WHAT'S GOING ON. YEAH YEAH. CEO
AS A PARENT AS A GRANDPARENT. I
GET IT. YOU KNOW SOMETHING
SOMETHING 4@NEW OFTEN SCARY SO
GRANDPARENTS WORRIED THAT YOU
KNOW THEIR GRANDCHILD MIGHT
START INVESTING IN LOSE MONEY
OR 4@THAT THEY'RE REALLY DON'T
KNOW WHAT THEY'RE DOING OR 4@YO
KNOW MAYBE EVEN BE CONCERNED
ABOUT GETTING SCAMMED OR CAUGHT
IN SOME TYPE OF FRAUD. MAKES
SENSE. YOU KNOW I CAN IMAGINE
SO 4@TO ME IT DOESN'T SOUND LIK
THERE'S THERE'S REALLY ANY
INAPPROPRIATE 4@AGE HERE. I MEA
YOU CAN TEACH SOME LESSONS
RIGHT. I THINK I THINK YOU'RE
ABSOLUTELY CORRECT. THE EARLIER
START YOU START LEARNING ABOUT
YOU KNOW IT'S GOOD SPENDING 4@
HABITS SAVINGS THEN INVESTING
AND IT STARTS WITH JUST
LEARNING WHAT'S THE DIFFERENCE
BETWEEN A STOCK AND A BOND 4@IN
THE MONEY FUND OR AN INDIVIDUAL
STOCK VERSUS A STOCK 4@4@MUTUAL
FUND AND LEARNING THE
IMPORTANCE OF LONGTERM
INVESTING HABATAT LONGTERM
PERSPECTIVE WHERE YOU GET THE
POWER OF COMPOUNDING WORKING
FOR YOU AND I THINK WOULD BE
SURPRISING. DO YOU THINK THAT
MOST YOUNG PEOPLE 4@ACTUALLY EN
UP MAKING GOOD INVESTMENTS.
WELL YOU'RE NOT TALK OFF TO THE
MOST YOUNG PEOPLE 4@ACTUALLY EN UP MAKING GOOD INVESTMENTS. WELL YOU'RE NOT TALK OFF TO THE@
SIDE OFTEN. I'M THRILLED THAT
YOU'RE YOU KNOW DIGGING 4@
INVESTMENT WORLDS. I SAY THIS
WITH ALL DUE RESPECT TO THE
YOUNG PEOPLE IN GENERAL THINK 4@
THINK A HIGH4@ SCHOOL OR A YOUN
TEEN IN COLLEGE TEND TO BE A
LITTLE OVERCONFIDENT VARIOUS 4@
BUT VERY ENTHUSIASTIC. THERE
TENDS TO BE 4@A LITTLE BIT OF
IMPATIENCE SEAN. I MEAN JUST
THAT THAT DESIRE TO MAKE MONEY
MAKE QUICKLY HAVE A LOT OF
SUCCESS. SO IT LEADS TO SOME
MORE SPECULATIVE MINDSET AND
MAYBE BEING 4@A LITTLE MORE
SUSCEPTIBLE TO THE HOT TIP. YOU
KNOW WE'VE SEEN THAT WITH
THINGS LIKE BITCOIN AND
MARIJUANA STOCKS AND THINGS
LIKE THAT. I THINK YOUNG 4@PEOP
HAVE TO EXPERIENCE SUCCESS AND
FAILURE 4@ON THEIR OWN. THAT'S
PART OF THE GREATEST LESSON.
YEAH. WELL THAT KIND OF LEADS
INTO THE NEXT QUESTION. YOU
KNOW WHAT DO YOU THINK ABOUT
ADVICE FOR MAYBE A BEGINNER
MAYBE 4@BEING SO SPECULATIVE.
YEAH WELL WHILE YOU'RE IN THE
PROCESS OF 4@LEARNING AND THIS
COMPLETELY BORING LOOK INTO 4@A
STOCK INDEX FUND LIKE THE S&P
500 FUND VANGUARD FIDELITY
SCHWAB ALL THESE PLACES
BROKERAGE FIRMS HAVE WON THEIR
DIVERSIFIED THEIR LOW COST.
THEY HAVE LOW MINIMUMS. IN
OTHER WORDS AND DON'T HOLD ME
EXACTLY THIS CHECK WITH EACH
MUTUAL FUND COMPANY 4@PERHAPS F
50 OR 100 DOLLARS A MONTH ON A
REGULAR AUTOMATIC CONTRIBUTION
BASIS. YOU CAN BUY YO4@U KNOW A
PIECE OF 500 OF THE BIGGEST
COMPANIES IN THE U.S. 4@AND
EXPERIENCE THAT THAT THAT
LONGTERM GROWTH. WELL YEAH AND
IT'S 4@GOOD I KNOW FOR ME
SPECIFIC SPECIFICALLY IT'S
DIVERSIFICATION. YOU KNOW WHEN
YOU WANT HAVE PIECES OF A LOT
OF THINGS RIGHT. RIGHT. RIGHT.
AND THE FEWER 4@PIECES THAT YOU
HAVE THE FEWER STOCKS THAT YOU
HAD THE MORE SPECULATIVE
INVESTMENT 4@GOTCHA GOTCHA. OK.
FAST MARKET FACT IT IS CATCH
US. GOOD JOB GUYS 4@4@THOUGH IS
YES A FAST MARKET FACT. WELL
WHAT YOU GOT FOR US. WELL
LET'S. I THOUGHT IT WOULD BE
IMPORTANT TO UNDERSTAND AS
INVEST4@ORS PARTICULARLY YOUNGE
INVESTORS WE'RE INTERESTED IN
THIS STORY WHETHER IT'S
FACEBOOK 4@WE MENTIONED MARIJUA
STOCKS OR AMAZON OR APPLE. WHEN
YOU OWN A PIECE OF THE S&P 500
INDEX FUND 4@YOU'RE PARTICIPATI
IN SOME OF THE MOST EXCITING
COMPANIES IN AMERICA. SO YOU
STILL 4@CAN TRACK THOSE COMPANI
AND SEE HOW THEY'RE DOING. THE
TOP 10 HOLDINGS IN THE S&P
INCLUDE APPLE AMAZON FACEBOOK 4@
JOHNSON AND JOHNSON A DRUG
COMPANY. MR BUFFETT'S BERKSHIRE
INCLUDE APPLE AMAZON FACEBOOK 4@ JOHNSON AND JOHNSON A DRUG COMPANY. MR BUFFETT'S BERKSHIRE@
HATHAWAY'S NUMBER SIX. NUMBER
10 PROCTER AND GAMBLE MAKES A
LOT OF CONSUMER PRODUCTS. SO
YOU CAN STILL TRACK INDIVIDUAL
STORIES 4@THESE ARE 25 PERCENT
THE INDEX. SO THERE THEY'RE
GOING TO IMPACT YO4@UR MONEY 4@
STILL EXPERIENCED SOME OF THE
LEARNING THAT GOES ON WITH WITH
INDIVIDUAL STOCKS BUT DOING A
MUTUAL FUND SETTING VERY
BASKETBALL. TH4@ANK YOU SO MUCH
YOU HAVE A QUESTION FOR OUR
MONEY MAN PAUL FAN