I made my first Investing mistake - here’s how to avoid it
6/15/202638 min
Jess just made her first investing “mistake”. A purchase she made, regretted and then almost immediately sold. She thought starting investing was the hard part! It turns out that staying invested- despite what life or the market throws at you- is the hardest part.
To avoid making the same mistake again, Jess wants to automate the investing process.
To find out how, she sat down with Jess Brady, a former financial adviser turned money educator and author of Get Growing. They walk through how to set up systems and techniques to help you stay invested long term.
Plus friend of the show and thrifty Aussie investor- Bree on a Budget pays Jess a visit! They chat through Bree’s best frugal tips to keep the space in your budget to stay investing consistently.
Chapters:
00:00:00 Staying Invested Is The Real Challenge
00:03:03 The Question Every Investment Needs
00:07:12 Automate Investing And Avoid Mistakes
00:11:44 Prepare For The Bear
00:17:21 How Often Should You Check?
00:20:38 When Life Changes The Plan
00:27:38 Spending Habits That Build Wealth
Links mentioned in this episode:
📩 Sign up to the Get Started Investing newsletter here
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🎟️ FinFest tickets - Buy early bird tickets here
👋 Check out Jess’ new book, ‘Get Growing’ here, or follow her instagram or website
👋 Hear more from Bree on instagram or TikTok
Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing – we’ve got you covered.
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Thanks to Betashares Direct for sponsoring this series and helping us keep our content free.
Betashares Direct is giving Jess Gets Investing listeners $25 to invest in Betashares ETFs and portfolios. It's an easy way to test the platform, see how it feels to own a piece of the market. Enter JESS25 once you sign up at betashares.com.au/direct (the redeem a code section is in account settings)
Betashares Capital Ltd (ABN 78 139 566 868 AFSL 341181) is the issuer of the Betashares Funds, as well as Betashares Invest, the IDPS-like scheme available via Betashares Direct. Read the relevant Product Disclosure Statement and Target Market Determination, available at www.betashares.com.au, before making an investment decision. This information is general in nature and doesn’t take into account any person’s financial objectives, situation or needs. You should consider its appropriateness taking into account such factors and seek professional financial advice. Customers are not permitted to participate in more than one Betashares offer, promotion or incentive at the same time. If you are currently participating in, or have accepted, any other Betashares offer, you will not be eligible for this offer unless expressly stated otherwise. The $25 will expire in 60 days from receipt if not used to make an investment.
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In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
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Get Started Investing is a product of Equity Mates Media.
This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.
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Clips
Transcript preview
First 90 secondsSpeaker 10:00
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Speaker 20:33
[gentle music] Everything you're about to hear is for education and entertainment purposes only. Whilst we are licensed, we're not aware of your personal financial circumstances. Any advice is general advice. Equity Mates operates under Australian Financial Services License 540697.
Jess· Host0:51
I've spent this whole series trying to figure out what to invest in, but apparently that's not the hard part. Everyone keeps telling me the hard part is staying invested. And considering I've already bought and then sold an investment in the same week since starting my portfolio, I think we should probably talk about how I can stay invested over the long term.
Speaker 21:08
[upbeat music] This episode is brought to you by Betashares Direct.
Jess· Host1:13
Welcome back to Get Started Investing, a show that helps you make the most of your money. I'm Jess, and in this series I'm getting invested from scratch. In the last episode, I got a crash course in individual stock picking from a pro. Today I have the pleasure of speaking to Jess Brady.