Today is the first birthday of this podcast. My name is Phil Muscatello. I want to thank you for your kind words and comments, your feedback and most of all for just listening. I've learnt a lot. I hope you have as well.
This episode is dedicated to all the people who are starting out on their investing quest. It's a long road but that's where your advantage lies.
Spotify have recently allowed podcasters to access listener data. I get useful demographic information.
Listeners of this podcast are mostly under 44. Which means that you have the most valuable investing tool available - time.
I wanted to pass on to you some advice that I wish someone had whacked me around the head with when I was younger:
SPEND LESS THAN YOU EARN
INVEST THAT MONEY
DON'T TOUCH FOR 20-30 YEARS
I talk about the book The Making of an American Capitalist a biography of Warren Buffett. He would look at every dollar not as a dollar now, but what it will be worth in the future with careful investment.
I also speak about John Cowley, the CEO of the Australian Shareholders' Association. You should join. I say that without hesitation. They are a fine organisation committed to looking after the interests of shareholders.
Which brings me to a listener question from Ryan who writes:
My partner and I have currently saved $40,000 towards a home deposit target of $100k+. Our savings are currently sitting in a "first home bonus saver account" at 1.75% p.a bonus interest rate.
We are looking to purchase our first home no sooner than 2 years from now. We have considered investing some or all of this money to help us boost our savings a little more aggressively and to become more familiar with investing for the future. What would you recommend? Thanks, Ryan.
Thanks again, and I look forward to bringing you some more great episodes.
Get in touch on social media on Twitter @phil_muscatello, Facebook @sharesforbeginners or with the hashtage #sharesforbeginners.
We just sent you an email. Please click the link in the email to confirm your subscription!