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Started By
Message
Young Investor starting advice
Posted on 10/27/13 at 9:28 pm
Posted on 10/27/13 at 9:28 pm
I just graduated college with a degree in engineering, and I am looking into getting started investing. I have invested in mutual funds since I was 15, never really did anything my own. Took my money to my local EdwardJones advisor and told her to do the work for me. But i would like to learn about all of it myself and maybe start investing in individual stocks. Are there any good resources out there for investing beginners to start learning the ropes?
Thanks
Thanks
7
Posted on 10/27/13 at 9:33 pm to jtayl71
quote:I wouldn't have
Took my money to my local EdwardJones advisor and told her to do the work for me.
quote:FIFY
But i would like to learn about all of it myself and maybe start investing in index funds
Posted on 10/27/13 at 9:36 pm to jtayl71
Become an absolute freak in terms of consuming as much material as possible. Start off with books geared towards the basics and continually ratchet the material up towards more sophisticated material as your understanding grows. Being a good investor is first and foremost about consuming and prudently processing as much material as possible. You can master the consumption part now (even if you don't understand everything at first, the more important lesson is to teach yourself to have an unquenchable desire for data). The prudent processing will come with time.
Posted on 10/27/13 at 10:16 pm to jtayl71
Posted on 10/27/13 at 10:19 pm to Ace Midnight
interested also...
Posted on 10/28/13 at 12:19 am to jtayl71
quote:
Took my money to my local EdwardJones advisor and told her to do the work for me.
You'd be better off buying index funds.
Advisors are a rip off.
Posted on 10/28/13 at 12:24 am to SpidermanTUba
because your advisor is going to buy an index fund if he is smart 
Posted on 10/28/13 at 1:04 am to jimbeam
quote:
because your advisor is going to buy an index fund if he is smart
More like index funds usually beat advisors.
Posted on 10/28/13 at 3:46 am to jtayl71
A lot of investing books/money books are online as pdfs. 
Posted on 10/28/13 at 7:55 am to Old Money
quote:
online as pdfs
Such as?
Posted on 10/28/13 at 9:03 am to jtayl71
quote:
But i would like to learn about all of it myself and maybe start investing in individual stocks
I am only a few years in the investing game, and I only put money in one stock, because it pegged literally every buy alarm in my head. Circumstances behind it were essentially once in a life time.
Get started buying in etfs or mutual funds. You want those to be your core.
Step one in investing isn't learning what to buy and when to sell.
Its attaining personal financial discipline. You are going to frick yourself over buying something as volatile as individual stocks only to want to liquidate it because you want to buy something....and you have the money right there after all.
Posted on 10/28/13 at 9:46 am to SpidermanTUba
quote:
You'd be better off buying index funds.
Advisors are a rip off.
You are an idiot.
Posted on 10/28/13 at 9:54 am to SpidermanTUba
quote:
You'd be better off buying index funds.
Advisors are a rip off.
I see you carry your shitty posting from the political board to here.
Posted on 10/28/13 at 9:57 am to Janky
quote:
I see you carry your shitty posting from the political board to here.
No worries, he will probably try to do his own dental work at some point and hit an artery. He's one of "those" people
Posted on 10/28/13 at 10:00 am to Broke
quote:
No worries, he will probably try to do his own dental work at some point and hit an artery
Posted on 10/28/13 at 11:12 am to jmtigers
quote:
quote:
online as pdfs
Such as?
Here's one (HTML rather than PDF, but all one page, so you can download and convert if you want):
Memoirs of Extraordinary Popular Delusions and the Madness of Crowds
And here's another:
Reminiscences of a Stock Operator
Posted on 10/28/13 at 11:14 am to Broke
Because dental work and the average man's investing are similar...
Posted on 10/28/13 at 11:50 am to NukemVol
I don't usually advise picking stocks as a long term finance solution for a good chunk of your wealth. But I do recommend that if you do, try and specialize in a certain sector. Its hard enough to know enough about a whole sector much less the entire market.
Posted on 10/28/13 at 11:59 pm to barry
Some people can do quite well without an advisor.
This post was edited on 10/29/13 at 12:00 am
Posted on 10/29/13 at 5:48 am to jtayl71
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