Scott Adair, a financial advisor associate, gives us the skinny on what we should all be doing to prepare for retirement. He tells us the difference between a stock and a bond and why investing in gold is probably not smart, talks about index funds, gives us strategies to get over fear of saving money and educate ourselves about investing with sites like investopedia. He also talks about socially responsible investing (SRI, investing strategies that consider both financial return and social good (e.g., green companies, companies that pay equally). We also talk about Wall Street, Gordan Gecko, and The Wolf of Wall Street, and learn why hiding money in your mattress isn't a good a investment strategy but could be a good idea if you're mattress needs extra support.
