Discover the risks and rewards of active investing, and when to consider calling in professionals for trading decisions. If you’re ready to take your investing game to the next level, then listen as NerdWallet’s Sean Pyles and Andy Rosen discuss the ins and outs of advanced investing strategies. They tackle the topic of autonomy over your investments, examining the rewards and risks that come with managing your own portfolio. They discuss how to assess your risk tolerance so you can make more informed decisions, then introduce some of the diverse strategies people use to invest. Sean and Andy then demystify the world of active trading and explain how paper trading can help you test your investing skills without risking any of your hard-earned money. You’ll walk away with a better understanding of the motivations and potential outcomes of active trading, no matter what types of investments you’re considering making. In their conversation, the Nerds discuss: investing strategies; technical analysis; advanced investing; day trading; swing trades; exchange-traded funds (ETFs); risk tolerance; active trading; DIY investing; professional financial management; portfolio allocation; robo-advisors; index funds; trading risks and rewards; buying stocks; paper trading; commodities; and when to consider working with an investment advisor. Please take our listener survey at https://nerdwallet.com/podsurvey to help us improve the show! Survey participants will be automatically entered into our Smart Money Podcast Sweepstakes for a chance to win a $100 Amazon gift card when you complete and submit the survey form. The Sweepstakes period is from June 19, 2023, to August 7, 2023. Limit One (1) Entry per person. No purchase necessary to enter or win. Odds of winning will be determined by the number of eligible entries received. Read the Official Rules for more details. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.