Podcast listener Eva is interested in opening a Vanguard account. She noticed that people need $50,000 to access their personal advisor services. It’ll take her several years before she can access this. What should she do in the meantime?
Amy, another podcast listener, wants to invest $5,500 into her Roth IRA in 2017. Should she invest the full amount on January 1, or should she spread this throughout the year?
Meanwhile, podcast listener Daniel asks:
- Q1: I’d like to invest in real estate. Where and how should I look for homes, other than Zillow?
- Q2: Why would an investor sell a cash-flowing, profitable investment property? Should I be suspicious about multiunit properties for sale?
Eric, another podcast listener interested in real estate, asks:
- Q1: What are the basic steps for forming an LLC, especially one with multiple partners who aren’t equal investors?
- Q2: How do you go about creating a joint bank account for the LLC? Is it even needed? Should the account be referenced in the LLC documentation?
I answer all of these questions in this episode of Ask Paula.
- Mike Piper’s Blog: Oblivious Investor
- Michael Kitces’ Blog: Kitces.com (Nerd’s Eye View)
- I Don’t Know How to Start Investing, and I’m Afraid of Making Expensive Mistakes (Blog Post)
- Why Dollar Cost Averaging Stinks (Blog Post)
- The Simple Path to Wealth by Jim Collins
- Mike Piper’s Books on Investing
- #24: Ask us Anything: Betterment, Wealthfront, Robo-Investing…What’s the Deal? (Podcast)
- #31: The Simple Path to Wealth, with Jim Collins (Podcast Interview)
- Find an SFR Specialist – National Association of Realtors
I also wanted to take a moment to mention the sponsor for this episode.
If you’ve been listening for a while, you’ve heard me interview many best-selling authors, including Gretchen Rubin, Laura Vanderkam, Cal Newport, Chris Guillebeau, and J.D. Roth. Before I interview these guests, I need to review their books, even if I’ve already read them in the past.
Sitting down to physically read the books can take a long time. That’s why I listen to their audiobooks, and I do this through a subscription I have called Audible. If you want to give them a try for free, head to audible.com/trynow for a free 30-day trial.