MTI106: Listener’s Letters – Beginning with Robinhood, Acorns and Betterment

Today we answer listener letters from Shylowe, Christopher, Michael and Justin.

Shylowe is living paycheck to paycheck and wants to learn about investing. He uses Acorns and Robinhood because they really have no barrier to entry, has had some success, but wonders if there is more to be done.

Christopher is also squirreling some money away with Acorns while beginning to invest outside of his work’s 401(k) plan. He started with Betterment, but is about to move the money into a Vanguard brokerage account with six ETFs. Would that be enough diversification or too much?

Michael asked to have a turnkey real estate investor on the show and Justin wonders why he shouldn’t have 100% of his 403(b) account in stocks if he has 30 years until retirement.

Send us your questions for a future Listener Letters episode

 

Today’s Panelists

Joe Saul-Sehy | Stacking Benjamins
Doug Goldstein | Rich As a King
Linda P. Jones | Be Wealthy And Smart
Doug Goldstein | Profile-financial.com
Miranda Marquit | Planting Money Seeds

 

For a quick bio of each of our show participants, head on over to our panelists page.