Have you often thought that you would like to get into investing, but you are afraid because you don’t know the first thing about it? Don’t worry, because you are in the same boat as millions of other first-time investors. You just need to have the right information. You need to use the best resources that will help you learn about investing.
Before you download an investing app, read up on how to actually invest with these eight online resources:
Investopedia’s Investing 101 Tutorial
Here is a website that will really help you to learn a lot about the world of investing. This is an eight-part tutorial that is loaded with information for beginning investors. It starts at the start, with the “What is Investing” section, and goes into much more detailed information as the lessons go along. This is ideal for those who don’t know a lot about investing, but want to start.
BlackRock Blog
This website is a blog that goes hand-in-hand with the asset manager BlackRock. You will find a variety of topics surrounding investing that are written by CFA’s, as well as other professionals. Basically, you will be getting loads of expensive, expert advice, at no cost whatsoever. This is good for those who have a bit of knowledge about investing, and want to learn even more.
Wealthfront
This is a great tool for the beginning investor, and any investment below $15,000 is managed absolutely free. The minimum balance you can have is $500 instead of charging a high percentage fee, which turns off a lot of first-time investors. They will make sure your losses offset your gains, so there is the potential to profit, even if you are only investing the minimum.
Motley Fool
This is another website that you should check out if you want to start investing. You will find a ton of great resources, including the website itself, books, a newspaper column, a newsletter, and even a radio station. This is a tool for investors of all levels, and there are even free features like a stock-rating service.
The Money-Guy Show
This podcast from Brian Preston and Bo Hansen, certified financial planners with Preston & Cleveland Wealth Management, covers loads of topics about investing and other personal finance issues. Podcasts focus on such topics as robo-advisors to the stock market to mistakes that are made by even the most experienced investors.
Good Financial Cents
This is another podcast you should check out. Hosted by certified financial planner Jeff Rose, this podcast covers such topics as investing, personal productivity, and a whole lot more. You can even learn about things about insurance and credit, as well as other aspects of wealth management.
The Intelligent Investor
This book by Benjamin Graham is considered to be the “greatest book on investing ever written”, according to Warren Buffet. It will teach you how to value all types of assets, how to take advantage of inefficient financial markets, and more. In the book, you will be introduced to “Mr. Market”, a character that makes daily offers that you have to choose to accept or not. You will learn about the importance of daily market fluctuations, and much more.
The Dhandho Investor: The Low Risk Value Method to High Returns
Here is another must-read for anyone who is interested in investing. Written by Mohnish Pabrai, a Warren Buffet disciple, this book lists the principles that other investors use to build their wealth. You will learn how to use these principles to your own advantage, so you can become just as successful with investing. This book stresses about investing in your best ideas, and it is a very interesting read. It isn’t long, just 200 pages, so you can read it in a few hours.