Sam Marks and Johnny FD are self-made entrepreneurs who invest their own money and use modern technology to invest like a boss. During this episode, Sam and Johnny FD provide their perspectives on managing investments at different wealth levels as the COVID-19 pandemic progresses. They’ll share an update on how their portfolios have been performing over the last quarter.

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – North Carolina / IG @imsammarks

Sponsor:

Support the Show: Join our Patreon
Sponsor: Boardwalk Wealth

Discussed:

Book: Unshakeable Book
Book: Simple Path to Wealth
Interactive Brokers
Johnny's Investing 101 Blog Post
ILAB 125: Vetting Real Estate Deals Terms, with Omar Khan
ILAB 112: FIRE – Financial Independence, Retire Early

Like these investments? Try them with these special ILAB links:

ArtofFX – Start with just a $10,000 account (reduced from $25,000)
Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
Betterment – Get up to 1 year managed free
Wealthfront – Get your first $15,000 managed free
PeerStreet – Get a 1% yield bump on your first loan

*Johnny and Sam use all of the above services personally.

Time Stamps:

05:37 - Investing in individual stocks vs investing in index funds
10:15 - "You are not investing in stocks to make 10x, you are investing in stocks to make 8% over the next 20-30 years." - Sam Marks
10:23 - Understanding investment fees
15:05 - Creating an emergency saving fund before investing
21:45 - Books to read before investing
25:00 - How much money should you invest
27:00 - "If you put the money all at once and the market is going down, you are losing in total value, but if you are putting money each month, you are actually buying when it's going down and it's gonna benefit you in the long-run." - Sam Marks
30:22 - Index funds to choose for first-time investing
35:00 - Advice for investors outside of the USA
40:00 - Situation with stocks right now
43:43 - "And the reason why we know the economy is going to recover, it's because it always has." - Johnny FD
47:58 - Stocks vs bonds
50:00 - Taxable and Non-Taxable accounts in the USA
55:46 - Websites where you can invest

If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2020. All rights reserved. Read our disclaimer here.

142: Q1 Investment Updates – The 2020 Downturn 01:07:08 Share

Invest Like a Boss

Shownotes Transcript

142: Q1 Investment Updates – The 2020 Downturn