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Networth and Chill with Your Rich BFF

Investing 101: What To Do & HOW To Do It with Alexa Von Tobel

Networth and Chill with Your Rich BFF

Vivian Tu

News, Business, Careers, Business News, Entrepreneurship

4.41.6K Ratings

🗓️ 6 September 2023

⏱️ 46 minutes

🧾️ Download transcript

Summary

On this week's episode of Networth and Chill, I'm joined by the founder and CEO of LearnVest, Alexa Von Tobel and we are chatting about all things investing. Investing can be a great tool to increase your wealth, but knowing where to start can feel overwhelming. Not only that, but it can feel like a huge risk to put your hard earned money into something that feels risky. Alexa is an expert when it comes to the world of investing, and she is here to break down the basics and walk us through the easiest ways to get started. We talk about the biggest mistakes people make when investing, and how to not let a fluctuating market scare you into making a rash decision. Plus, I ask Alexa what her opinion is on some of the most popular investing categories, from real estate to collectibles to crypto.

Got a financial question you want answered on a future episode? Text me or leave me a voicemail at 908-858-3410.

Special thanks to our sponsors:
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Transcript

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0:00.0

what's up rich friends welcome back to another episode of net worth and chill with me your

0:11.6

host Vivian to aka yearage bf and your favorite Wall Street girly and this week we have a highly

0:17.2

requested topic that is so important to just about everyone but especially you yes you listening

0:24.4

investing and i want to start this episode off with a story as many of you know my junior

0:29.8

year summer i spent 10 weeks interning on the equities floor on wall street and i had a project

0:35.9

where we had to pick an industry and give a presentation first and foremost you know your girl

0:40.4

never backs down from a challenge so i obviously picked the hardest most confusing most complicated

0:46.3

sector biotech and second you know your girl crushed the prezo top intern so after the summer

0:53.8

i'm feeling really good about myself and i thought i knew everything there was to know about

0:58.9

investing and obviously that meant after i left New York that summer when i headed back to college

1:03.5

i thought hmm i should do some investing on my own during my project i researched three major pharmaceutical

1:09.6

companies investing in the biotech space and i really took a liking to one of them so thinking that

1:15.6

i was Warren Buffett junior himself i took all of the money that i had made that summer and put it

1:20.4

into this one stock i'll give you one guess what happened next the modern medical miracle that

1:26.6

this company was developing uh yeah turns out it didn't actually end up working that well and the

1:32.5

stock price halved and since all of my money was in this one stock in our matter of weeks i saw

1:37.5

all of my hard earned internship money have as well and i tell you the story not to scare you away

1:41.9

from investing quite the contrary i want you to invest but i also want you to understand the basics

1:46.8

so that you don't make any unwise decisions like i made today we're going to cover investing

1:51.2

mistakes how to invest and exactly where you can learn more about investing today we're joined by

1:56.2

an expert in the space she's a founder and CEO of learn vest a new york times bestseller and the

2:02.0

founder and managing partner of inspired capital everyone please welcome alexa vantobl um first

...

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