Investing 101 Q&A: Best Apps, Risks & How to Get Started | xoreni

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  • เผยแพร่เมื่อ 30 ก.ค. 2024
  • In this video, we answer some of the most common questions about investing, including where to begin, what are the best apps to use, and what are the risks involved. Whether you're a beginner or an experienced investor, this video has something for everyone.
    We'll cover the basics of investing and provide tips to help you get started. We'll also discuss some of the most popular investment apps available today and the risks associated with investing.
    If you're interested in learning more about investing, be sure to subscribe to our channel for more tips and tricks.
    Thanks for watching. I hope you enjoy the video!
    Please like, subscribe & comment. Let me know what you want to see next!
    ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡
    CONNECT WITH ME ON INSTAGRAM ‣ / xoreni
    THE BASICS OF INVESTING ‣ • Stock Market Investing...
    REDDIT THREAD ‣ / personalfinancecanada
    HOW TO INVEST ‣ www.fool.com/investing/how-to...
    0:00 - Intro
    0:46 - How much to put down as a beginner?
    2:03 - Should one invest in small increments or all at once?
    3:21 - What are the best investing apps for Canadians?
    3:55 - What are the risks of investing?
    7:04 - Where do you research companies to invest in?
    8:01 - Swing trading vs. day trading vs long-term investing?
    9:45 - Why doesn't everyone invest?
    10:22 - If you have multiple investment options but can only choose one, which do you pick?
    11:29 - What are key ways to keep track of your investments?
    12:38 - Success stories?
    Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.
    xo, Reni ♡

ความคิดเห็น • 99

  • @buchinwaghodo4580
    @buchinwaghodo4580 4 ปีที่แล้ว +7

    Dad dropping straight wisdom, and some great quotes

  • @kanyin442
    @kanyin442 3 ปีที่แล้ว +12

    I love your content, I must say you inspire me and I commend your parents for all they have taught you. I would like to encourage you to keep putting out content about finances in Canada, there are not many channels focused on Canada. It is a great resource for newbie immigrants and very soon, your channel will become the go-to for financial intelligence and investment tips in Canada. Great job!

    • @xoReni
      @xoReni  3 ปีที่แล้ว +1

      Thank you so much Kanyin! 😁

  • @desireemckenzie2046
    @desireemckenzie2046 3 ปีที่แล้ว +4

    Thank you, Dad, you and your daughter have given me some encouragement to try the stock market. I will definitely make some personal time and check it out. Thank you guys great job explaining and recommending.

    • @xoReni
      @xoReni  3 ปีที่แล้ว

      Thank you Desiree! Let me know if you need any help 😊

  • @emioduntan
    @emioduntan 4 ปีที่แล้ว +8

    “It is what it is” 😂😂 I loved the questions selected and how you both answered it with practical examples. Literally made investing easier. Thanks for all the meaningful contents 💯

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Thank you Emi! 🥰

  • @ona8055
    @ona8055 4 ปีที่แล้ว +4

    Your video are so creative and inspiring.... keep it up 😁😁

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Thank you for your support! 😊

  • @bmastarr
    @bmastarr 3 ปีที่แล้ว +2

    I wish I had this information when I was younger but I'm thankful cos it's not too late to start.
    Thank you and Thanks to your dad as well 🙏🏽❤️

    • @xoReni
      @xoReni  3 ปีที่แล้ว +1

      Never too late! Thank you for watching 🤗

  • @milembe9417
    @milembe9417 4 ปีที่แล้ว +9

    This motivated me to invest more, would love to see a video on how you purchased your first home!

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Glad you’re starting so young!! Great idea, video coming soon! Thank your for watching🥰

    • @rosettahutchinson7808
      @rosettahutchinson7808 3 ปีที่แล้ว

      @@xoReni I I’ve for you to do a show how to show kids how to invest 13to 16 or 16 to 18 I just find you and I am amaze wow

    • @xoReni
      @xoReni  3 ปีที่แล้ว

      @@rosettahutchinson7808 thank you!!

  • @adenike240
    @adenike240 4 ปีที่แล้ว

    WOW!!! Brilliant post..... Dad was bang on “GOOD GETTING BETTER” Thank you and I would love a video about teaching kids to invest PLS

  • @brandnewwineskins
    @brandnewwineskins 3 ปีที่แล้ว +1

    Hi. This video is great. Your dad has done an awesome job creating a legacy. I have been dabbling in investing since the beginning of the year. I started with FOREX through IM academy because a church member told me how it changed her life. Ultimately I decided that the business model that they were pushing was not for me, and I am excited about continuing my journey on my own. Even though I'm in the US I'm going to be watching all of your videos. Thank you for your help.I wish you the best.

    • @xoReni
      @xoReni  3 ปีที่แล้ว

      Thank you so much for watching Ciana! I actually made a video about the Forex and IM Academy - I joined as well and just like you didn’t agree with their business model. I’m glad you were able to get out of that and are still focusing on building wealth 🙌🏾

  • @iamtaijoura257
    @iamtaijoura257 4 ปีที่แล้ว +1

    This video motivated me the most out all of the ones I watched! Thank you so much for this content! ✊🏾👏🏾👏🏾

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Wow thank you girl! 🤎 & thank you for watching😊

  • @LifetotheMaks
    @LifetotheMaks 4 ปีที่แล้ว +1

    SO practical! Thanks for the wisdom -- "it is what it is" LOL

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Hahaha trying to make it as simple as possible! Thank you for watching 😄

  • @bolaosagie1592
    @bolaosagie1592 4 ปีที่แล้ว +3

    Very informative and insightful, thank you Reni & Dad.

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Thank you for watching 😊

  • @bestvickyever
    @bestvickyever 4 ปีที่แล้ว

    glad I came across this, new sub for sure x

  • @andrewpagonis5099
    @andrewpagonis5099 4 ปีที่แล้ว +2

    Super insightful video! I especially like the advice about investing slowly over time - Dollar Cost Averaging is definitely the way to go. Looking forward to following for more videos.

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Totally agree! Glad it was helpful!

  • @guzu_p4360
    @guzu_p4360 2 ปีที่แล้ว +1

    Wow, most of the questions I wanted to ask you were answered in this video; thank you soo much for your time and explicit knowledge on investment .

    • @xoReni
      @xoReni  2 ปีที่แล้ว +1

      So glad it was helpful, thank you for watching!!

  • @watanogetenemy5255
    @watanogetenemy5255 4 ปีที่แล้ว

    thank you for this, reni!!!!!!!

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Thank you for watching, hope it was helpful 💛

  • @TheInteractiveLearning
    @TheInteractiveLearning 4 ปีที่แล้ว +1

    Hi Reni! Your dad seems such a great person and very knowledgeable. Watched your video until the end and is super interesting ✌🏻 great questions asked as well

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Thank you for watching, I appreciate it :)

  • @shanshan2349
    @shanshan2349 4 ปีที่แล้ว +1

    This vid is a gem. Love seeing the black excellence especially here in Canada

    • @xoReni
      @xoReni  4 ปีที่แล้ว +1

      Thank you so much Shan!!

  • @solomonaregbe9994
    @solomonaregbe9994 4 ปีที่แล้ว +1

    Powerful information....thank you

    • @xoReni
      @xoReni  4 ปีที่แล้ว +1

      You are very welcome, thank you for watching!

  • @charlottebarrett8761
    @charlottebarrett8761 4 ปีที่แล้ว

    great value video with useful questions

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Glad it was helpful! Thank you for watching :)

  • @bronphieldhm2417
    @bronphieldhm2417 ปีที่แล้ว

    Came from Nora Gs Nook. Love your page. Especially the finance part of it 💰

    • @xoReni
      @xoReni  ปีที่แล้ว

      Thank you so much!

  • @enemodeh5061
    @enemodeh5061 4 ปีที่แล้ว +4

    “Think longterrrrrm” yassss

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      maaaajor key!!!

  • @julianaakinlabi8992
    @julianaakinlabi8992 3 ปีที่แล้ว

    So informative. Thank you !

    • @xoReni
      @xoReni  3 ปีที่แล้ว

      Thank you for watching 🤗

  • @tayo_a8826
    @tayo_a8826 4 ปีที่แล้ว +1

    Really informative, I looove it . Please I would love to see a story video on how you bough your first home, since when you started preparing for it and factors you considered when choosing the location and prices. Thank you Reniii

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Thank you gf! 🤎 I will definitely do a video about that 😊 thanks for watching!!!

  • @solomonaregbe9994
    @solomonaregbe9994 4 ปีที่แล้ว +1

    Another re enforcement today on Casa fond...platform. TFSA with dividend stocks is still the best out there. Thank you again guys

    • @xoReni
      @xoReni  4 ปีที่แล้ว +1

      TFSA is without a doubt one of the best vehicles to grow your money 🙌🏾

  • @monsweetpetiteinc
    @monsweetpetiteinc 3 ปีที่แล้ว

    This is fantastic wonderful learning from this amazing team thank you

    • @xoReni
      @xoReni  3 ปีที่แล้ว

      Thank you for watching!!

  • @keanuleachay3866
    @keanuleachay3866 4 ปีที่แล้ว

    Nice vid, keep it up

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Thank you for the support, much appreciated!

  • @kensonsunbernade1649
    @kensonsunbernade1649 4 ปีที่แล้ว

    Well done!

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Thank you!!

  • @TheOneCurly
    @TheOneCurly ปีที่แล้ว

    I appreciate your video so nice to see your relationship with your father and how he has educated you. If you can do a video about how to do research on a stock you're interested or how you analysis the market.

    • @xoReni
      @xoReni  ปีที่แล้ว

      Great suggestion, Chenika! I will add this video to my list!

  • @dchrysostom
    @dchrysostom 2 ปีที่แล้ว

    Thanks for a great video. I’m in Canada and loving to invest.
    Thank you

    • @xoReni
      @xoReni  2 ปีที่แล้ว

      Great to hear! Thanks for watching!

  • @adeoluwabadejo3460
    @adeoluwabadejo3460 4 ปีที่แล้ว

    Thank you for the practical steps

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Thank you for watching! 😊

  • @kn2156
    @kn2156 4 ปีที่แล้ว

    Love it. Great info!

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Thank you 😊

    • @kn2156
      @kn2156 4 ปีที่แล้ว

      @@xoReni Info request. Investing in pre market companies and/or IPOs (not exact if these are the exact same thing). If possible of course. Thank you!

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Hmm I actually don’t know much about that topic but I’ll do some research 😊

  • @lespouesse
    @lespouesse 4 ปีที่แล้ว

    Great video. I like that you put the emphasis on how investing is not a get rich quick thing and that you must think long term. I had a very similar experience with Amazon. I also couldn't agree more with the comment that you must first clear your debts. This is the ultimate starting point and many don't understand how being debt free (not including a mortgage) can get you closer to financial freedom. Thank your for sharing this valuable information!

    • @xoReni
      @xoReni  4 ปีที่แล้ว +1

      Thank your for watching! Debt free is definitely the way to be if you want to build generational wealth. We want to leave a legacy, not a burden 🙌🏾

    • @hearthrob300
      @hearthrob300 4 ปีที่แล้ว

      How about student loan debt?

  • @keanuleachay3866
    @keanuleachay3866 4 ปีที่แล้ว

    Another way to keep track of your stocks, is to put in price alerts, most platforms will allow for this but yahoo finance app will do the same. Putting in price alerts at key/relevant prices based off say 3/6/12months highs and lows, possibly percentages away from your own average price at +\- 10%/20% etc, prices far enough to tell you something relatively important without annoying you with micro time frame action (if investing)

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Great point! Forgot to mention this 😊

  • @alexzander7143
    @alexzander7143 3 ปีที่แล้ว +1

    such knowledge and wisdom in this video , especially as a beginner helped me so much , hopefully one day i can pass this on to my kids like your parents as.

    • @xoReni
      @xoReni  3 ปีที่แล้ว

      Your kids will be lucky to have you 😊

  • @regkev
    @regkev 4 ปีที่แล้ว

    Thank you ! 🙏🏽

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Thank you for watching! 😊

  • @petraanagor8759
    @petraanagor8759 4 ปีที่แล้ว

    Please do a video on what you should teach your kids about money. Like practical tips and examples! Also any apps or games that encourage this for kids. Thank you for making great content x

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Hi Petra! Thanks for watching 😊 this video should help: th-cam.com/video/58j2a6P8Nvc/w-d-xo.html
      It is filled with practical examples!
      I will also do look into a resource list of apps and games, thanks for the idea.

    • @petraanagor8759
      @petraanagor8759 4 ปีที่แล้ว +1

      @@xoReni thank you x

  • @keanuleachay3866
    @keanuleachay3866 4 ปีที่แล้ว

    Try Interactive Brokers, better than paying $5/10 per ticket, like Questrade and major banks. Assuming most ppl aren’t pushing 5/6 figure lots, but even if you are you can actually change your commission pricing plan depending on volume and activity. Anyway just wanted to say IB will probably save you much more money and also better conversion rate if your moving CAD to USD they’ll save you some more money there too. For your channel you can probably get an affiliate link for them and rack in some change.

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      I’ve never heard of it! Thank you for the suggestion I will look into it and look into getting an affiliate link thank you 😁

  • @nursebondemcanada
    @nursebondemcanada 3 ปีที่แล้ว

    Very informative

    • @xoReni
      @xoReni  3 ปีที่แล้ว

      Thank you 🙌🏾🙌🏾

  • @akinze3244
    @akinze3244 4 ปีที่แล้ว

    Thank you

    • @xoReni
      @xoReni  4 ปีที่แล้ว +1

      Thanks for your support 🙌🏾

  • @victobelle4222
    @victobelle4222 4 ปีที่แล้ว

    Yea for the kids video

    • @xoReni
      @xoReni  4 ปีที่แล้ว

      Here you go! th-cam.com/video/58j2a6P8Nvc/w-d-xo.html

  • @hearthrob300
    @hearthrob300 4 ปีที่แล้ว

    How about Commission free investment apps?

    • @xoReni
      @xoReni  4 ปีที่แล้ว +1

      I haven’t used any but I’ve heard Quest Trade is a great one!

  • @Jamzz0rMeakz
    @Jamzz0rMeakz 4 ปีที่แล้ว

    Did your parents invest your money from the beginning or when you reached 18?

    • @xoReni
      @xoReni  4 ปีที่แล้ว +1

      My dad invested a little on my behalf as birthday presents, but when I turned 18 everything in my savings went into investments.

  • @Lade.A1
    @Lade.A1 3 ปีที่แล้ว

    can i give your dad all my money to invest on my behalf?! been binging some of your videos and you guys are so graceful I love it!

    • @xoReni
      @xoReni  3 ปีที่แล้ว

      Lol 😂 that would be great wouldn’t it!!
      Thank you for binging 🥰

  • @shawty3150
    @shawty3150 ปีที่แล้ว

    Your face has changed, you look like a baby here 😊

    • @xoReni
      @xoReni  ปีที่แล้ว

      Hahaha it was a while ago 😆

  • @alphafoxcreative1731
    @alphafoxcreative1731 ปีที่แล้ว

    Daddy ese gan.

    • @xoReni
      @xoReni  ปีที่แล้ว

      🙏🏾🙏🏾