Stocks, ETFs & Bonds: The Basics Every Parent Should Know | Mark McGrath

Stocks. ETFs. Mutual funds. Bonds.These are words we hear all the time when people talk about investing, but do you actually know what you’re buying or how these investments fit together?In this episode, Christi sits down with Mark McGrath, a Certified Financial Planner, co-founder of Finance (an advice-only financial planning firm for Canadian physicians), and co-author of Wealthier: The Investing Field Guide for Millennials, to break down the investing basics every parent should understand before teaching their kids.You’ll also learn:What you are actually buying when you purchase a stockWhy owning individual companies is different from owning the marketHow ETFs and index funds workWhy lower fees matter when investingWhat bonds are and why they still have a role in a portfolioWhy bond ETFs can go up and down in valueHow to think about building a simple first investment portfolio for your kidsWhether you’re opening your first investment account, managing an RESP, or simply want to feel more confident talking to your kids about money, this episode will help you build the foundation you need.Because before we can teach our kids about investing, we need to understand it ourselves.Show Notes:LinkedIn: https://www.linkedin.com/in/markmcgrathcfp/IG:https://www.instagram.com/markmcgrathcfp/FB: https://www.facebook.com/mark.mcgrath.3597Website: https://www.phynance.ca/Book: Wealthier: The Investing Field Guide for Canadian MillennialsChapters:00:00 Understanding Stocks and Ownership02:15 The Allure of Individual Stocks03:42 The Case for Diversification06:33 Exploring ETFs and Index Funds09:10 The Rise of ETFs12:02 Mutual Funds vs. ETFs12:29 The Impact of Fees on Investments18:45 Understanding Fees and Financial Products21:12 Demystifying Bonds: A Complex Investment24:01 Bonds vs. Bank Loans: The Strategic Choice27:01 Bond ETFs: Understanding Volatility31:25 The Current State of Bonds: Are They Dead?32:33 Building a Balanced Portfolio: Stocks, Bonds, and More33:45 Investment Advice for Beginners: Starting Young36:33 The Importance of Diversification in Investing