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Looking to get into investing...what's some good Investing 101 literature?
Posted on 7/21/14 at 3:55 pm
Posted on 7/21/14 at 3:55 pm
I read a lot of basic stuff several years back (e.g. Rich Dad, Poor Dad & Jim Kramer stuff) which is probably amateur hour stuff on this board, I know. Anyway, I gained basic knowledge and I got interested in investing in general, but I had no money to do anything meaningful with, so I kind of lost interest.
I'm now in a position where I've got a good bit of liquid cash that I need to do something with. I'm looking for something relatively low maintenance in terms of my time (e.g. I don't want to flip houses) but something that will give me a decent return (I don't know...5-15%?). I'm willing to diversify such that I have a good bit of money in high risk and a good bit in safer stuff, so it doesn't need to all be in one place.
My general, uninformed view is that the market is a bubble inflating again, and that I'd buy now just in time for it to pop. That being said, that's based purely on the Dow levels surging based on (from what I know) very little.
Anyway...enough of that. Can you kind folks recommend some reading materials &/or videos or something like that that will get me interested in investing again, and remind me of the basics so I don't get myself in too much trouble.
Is there some kind of professional I need to talk to who will do this for me? How much will they charge and how much do I have to be playing with to garner the attention of a decent one?
Thanks in advance.
I'm now in a position where I've got a good bit of liquid cash that I need to do something with. I'm looking for something relatively low maintenance in terms of my time (e.g. I don't want to flip houses) but something that will give me a decent return (I don't know...5-15%?). I'm willing to diversify such that I have a good bit of money in high risk and a good bit in safer stuff, so it doesn't need to all be in one place.
My general, uninformed view is that the market is a bubble inflating again, and that I'd buy now just in time for it to pop. That being said, that's based purely on the Dow levels surging based on (from what I know) very little.
Anyway...enough of that. Can you kind folks recommend some reading materials &/or videos or something like that that will get me interested in investing again, and remind me of the basics so I don't get myself in too much trouble.
Is there some kind of professional I need to talk to who will do this for me? How much will they charge and how much do I have to be playing with to garner the attention of a decent one?
Thanks in advance.
7
Posted on 7/21/14 at 4:03 pm to PenguinNinja
I'm not sure if we define "decent return" in the same way 
Posted on 7/21/14 at 4:07 pm to PenguinNinja
quote:don't do it
what's some good Investing 101 literature?
Posted on 7/21/14 at 4:07 pm to PenguinNinja
quote:
I read a lot of basic stuff several years back (e.g. Rich Dad, Poor Dad & Jim Kramer stuff) which is probably amateur hour stuff on this board, I know.
Did that include Graham's "The Intelligent Investor"?
Because, if not, that's should occupy you for a couple of months.
Posted on 7/21/14 at 4:29 pm to Joshjrn
quote:
I'm not sure if we define "decent return" in the same way
Am I too timid or too aggressive?
Posted on 7/21/14 at 4:34 pm to PenguinNinja
6% is considered a fairly reasonable return.
Posted on 7/21/14 at 4:43 pm to PenguinNinja
You went to Penn and you're asking for our investment advice?
To earn 5-15% in this interest rate environment will require a considerable amount of risk. I would suggest a mix of ETFs and index funds. If you're under 45, I would suggest keeping at least 80 percent of investable assets in equities. And bonds may actually be riskier now in a rising rate environment.
As always, maintain a nicecash reserve, even though MM yields are atrocious.
To earn 5-15% in this interest rate environment will require a considerable amount of risk. I would suggest a mix of ETFs and index funds. If you're under 45, I would suggest keeping at least 80 percent of investable assets in equities. And bonds may actually be riskier now in a rising rate environment.
As always, maintain a nicecash reserve, even though MM yields are atrocious.
This post was edited on 7/21/14 at 4:45 pm
Posted on 7/21/14 at 9:47 pm to PenguinNinja
Look into Ric Edelman's materials. Lots of overlap in his books but I liked the ones I have read.
Posted on 7/21/14 at 9:53 pm to PenguinNinja
A Random Walk Down Wall Street is a solid intro read that I think brings it down to terms that laymen (like myself) can understand.
Posted on 7/21/14 at 10:05 pm to PenguinNinja
Stay away from those sucker markets and go all commercial real estate
Posted on 7/21/14 at 10:13 pm to PenguinNinja
Don't try to fancy yourself a day trader. There are guys that do that for a living, and they rely on people like you to serve as their sucker. You mentioned Jim Cramer...remember he has talked about the dirty side of investing (and he has been exposed to have been somewhat a part of that -- manipulating stocks, spreading disinformation).
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