How to Start a Business on a Budget
Episode 119: Wondering how to start a business on a budget? We’ve got you covered. On today’s episode of 2 Frugal Dudes, we’re talking about starting a business on a […]
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How to Get Started with Social Investing 2 Frugal Dudes
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How to Get Started with Social Investing
2 Frugal Dudes
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Episode 120: What is social investing? What are investment clubs? Learn how to get started with social investing with Thomas Beattie of Voleo. Tune in to take advantage of free training!
On today’s episode of 2 Frugal Dudes, we’re talking to Thomas Beattie. With over 15 years of experience in the capital markets, Thomas was once an investment banker and now the CEO of Voleo. Thomas helps people by educating the public on social investing, investing clubs, and financial literacy.
About Thomas
Thomas has had the entrepreneurial spirit since he was a small child. As he grew, his interest in business grew. He became an investment banker then later took that knowledge to venture out on his own.
Thomas stumbled upon Voleo along the way and loved the idea. He decided to take up the reigns and share this information with the world. Thomas’s advice for those seeking financial independence is to do what you feel is right while on your journey.
Why Investing Matters
The biggest asset any of us has is time. So, the sooner you start putting money away, the better. It doesn’t need to be a lot, just start somewhere.
Starting investing is like planting a tree– the best time to start was twenty years ago, the second-best time is today. Regardless of age or financial situation, start small and do what works for you.
Why Choose the Markets for Investing?
The markets have long been proven as a place to generate solid returns over the long run. Sure, there are blips and issues, but you know that when you buy stocks you are participating in the economy. Not only are you enjoying the returns yourself, but promoting overall economic growth in your area.
Investing in stocks and bonds is a multi-faceted approach to preparing for your future.
How to Get Started with Investing
Most new investors start by going to the bank. While it’s great to have an emergency fund in the bank, it’s not an effective way to stimulate growth.
Money, time, knowledge, and fear are the limiting factors that most would-be investors face. Starting with Voleo makes it easy to break down these barriers and start investing.
What is Social Investing?
The theory behind Voleo is that it will take less money, knowledge, time, and fear to get started when doing so with friends. Voleo creates an easy-to-access platform that allows people to start small. You can start investing with as little as $50.
With Voleo, you can start as an individual and build a team. Everyone pools their money, and the app tracks how much everyone has contributed and when. That way, if someone joins a few months after you’ve started to see returns, their cut is proportionate to the rate when they started investing.
Once you start to see returns, you can vote on where the money goes. If someone votes not to put their money somewhere that someone suggests, the app will track what would have happened if you had invested. This is the “I Told You So” function that makes Voleo a lot of fun.
What’s interesting is that the average performance of these groups is 2% better than individuals. Crowds tend to make better decisions and there’s wisdom in groups.
Free Trading with Voleo
Get three months of free trading with Voleo for you and your friends using the special promo link below!
Show Links & Related Episodes
Music: https://www.bensound.com/royalty-free-music
Disclaimer: Kevin and Sean are not professional financial advisors. Do not take any advice they give without first speaking with a professional and performing your own due diligence.
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