Investing 101: Basic Tips on How to Start Investing

What the Why

Ceci and Bryson discuss investing and provide tips on what to do and what not to do. They define investing as putting money into a bucket to grow further and emphasize the importance of looking at investments as a long-term strategy. They highlight four dumb things people do when investing: expecting to get rich quick, not dollar cost averaging, thinking they need a lot of money to start, and letting emotions get in the way. They also answer a listener's question about investing outside of traditional corporate offerings.

Investing Tips:
- Investing is putting money into a bucket to grow further and should be viewed as a long-term strategy.
- Avoid expecting to get rich quick and focus on dollar cost averaging, which involves investing a fixed amount regularly regardless of market conditions.
- You don't need a lot of money to start investing; even small amounts can make a difference.
- Don't let emotions guide your investment decisions; treat investing as a black and white, emotionless process.
- Consider high yield savings accounts and Roth IRAs as alternative investment options outside of traditional corporate offerings.