How to Invest for Retirement | The Communist Manifesto for Personal Finance
Channel: Longmont Public Media
Date: 2022-12-29

In our second episode on retirement, we explain Retirement Investing 101.

In "Chapter 1: What is Investing?" we explain the basics of investing using our old standby...potatoes. 

In "Chapter 2: Why You should Invest" we tell you why leaving your money in the bank is not a smart idea if you want to retire comfortably. Spoiler alert, it's because of inflation.

In "Chapter 3: How to Invest" Comrade Rourke and Bolshevik Bunny go into the the nitty gritty of investing and explain how you can invest in the stock market without subscribing to the Wall Street Journal (which nobody enjoys reading.) 

Other topics covered in this episode include:

-Index Funds
-The definition of stocks and why they're the same thing as shares.
-The Vicious Cycle of Greed and Fear
-Why it's bad to speculate in the stock market cough Gamestop
-Active vs Passive Investing
-Why an actively traded mutual fund could be costing you money
-Why you should never hire a stock broker
-Pokemon Cards
-C-SPAN
-Orifices
-And so much more!

Books: "The Simple Path to Wealth" by JL Collins
          "The Elements of Investing" by Burton G. Malkiel and Charles D. Ellis

The Communist Manifesto for Personal Finance is the only program that teaches you how to seize your means of production. We synthesize personal finance advice with Communist Doctrine to help you survive the burning hellscape that is late stage capitalism. 

Want to know how to create a budget? What a credit score is? How to get out of debt? We'll answer all these answers and give you the means to fight back against the capitalist pigs. Subscribe now!

If you have questions, comments suggestions for future episodes, or would like to buy some first edition Pokemon cards, please email us at communistfinance@gmail.com