Current Events > Alright, I seriously need to learn about investing

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The_Dan_Haren
01/23/22 10:32:08 AM
#1:


I've read Bogleheads and watched some youtube videos.

Gimme some more books, resources, etc. In about 6 months Ill be making some more money so I'll have spare change to invest and I dunno what I'm doing.
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Ratchetrockon
01/23/22 10:33:15 AM
#2:


Just do gut check. Works sometimes

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AldousIsDead
01/23/22 10:33:34 AM
#3:


Buy doge.

Dude don't come to CE for advice like that.

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R1masher
01/23/22 10:34:30 AM
#4:


Im invested in this topic

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#5
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g980
01/23/22 10:53:32 AM
#6:


the more you learn about it, the more you'll realize you're better off paying a little bit of money for someone else to deal with it

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Pepys Monster
01/23/22 10:53:52 AM
#7:


You'll need at least $1000 to start. Then you should invest in crypto, before moving some gains into stock market ETFs.

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The_Dan_Haren
01/23/22 10:55:21 AM
#8:


g980 posted...
the more you learn about it, the more you'll realize you're better off paying a little bit of money for someone else to deal with it

lmfao, I would never do this. I dont trust anyone else and you shouldn't either.
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rexcrk
01/23/22 11:01:51 AM
#9:




I wish I knew more about it too. I literally know absolutely nothing about investing and Im too much of a scared bitch to really get into it anyway.


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Heartomaton
01/23/22 11:08:17 AM
#10:


You should invest in me.

0% ROI.

Give your money to me.

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Heartomaton for President 2028.
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Jabodie
01/23/22 11:09:59 AM
#11:


A Random Walk Down Wall Street is probably the best introductory book you can find. It will cover the basics of pretty much every investment topic that's relevant to a layperson, and you can decide what you want to research more from there.

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LadyxKiller
01/23/22 11:14:43 AM
#12:


You guys always talking about getting rich and you complain about spending five dollars on a DLC lol

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#13
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Pepys Monster
01/23/22 11:26:07 AM
#14:


The_Dan_Haren posted...
lmfao, I would never do this. I dont trust anyone else and you shouldn't either.

The_Dan_Haren posted...
I dunno what I'm doing.

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Jiek_Fafn
01/23/22 11:35:51 AM
#15:


[LFAQs-redacted-quote]

This is my strategy. The odds of me getting in at the right time for things like gamestop are incredibly low. I just use the safe method. It's not exciting, but whatever.

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CE_gonna_CE
01/23/22 11:38:55 AM
#16:


Simple Plan to Wealth is a good starter read.

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The_Dan_Haren
01/23/22 12:07:23 PM
#17:


Putting everything in index funds is the safest bet but its not necessarily the best. The best is diverse investments where you have a large chunk in index funds but you also have some riskier investments, particularly if you're young. Even bogleheads recommends this. I want to get into real estate as well including REITs. Need to research more about that.
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Jabodie
01/23/22 12:20:20 PM
#18:


The_Dan_Haren posted...
Putting everything in index funds is the safest bet but its not necessarily the best. The best is diverse investments where you have a large chunk in index funds but you also have some riskier investments, particularly if you're young. Even bogleheads recommends this. I want to get into real estate as well including REITs. Need to research more about that.
So long as you stay humble. Where people get in trouble is mistaking their luck for skill, then going deep into a different investment because they believe they have some special talent for it and get big losses. You can also get more "risk" out of riskier index funds or ETFs, rather than buying individual securities.

A Random Walk will introduce you to more risky investments as well, including the basics of derivatives. The only big thing it's missing is crypto, but odds are you will be able to fill in the gaps about the nature of crypto investing.

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#19
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CharlesBronson
01/23/22 12:27:17 PM
#20:


i recommend the golden butterfly portfolio, hope this helps.
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g980
01/23/22 12:34:23 PM
#21:


The_Dan_Haren posted...
Putting everything in index funds is the safest bet but its not necessarily the best. The best is diverse investments where you have a large chunk in index funds but you also have some riskier investments, particularly if you're young. Even bogleheads recommends this. I want to get into real estate as well including REITs. Need to research more about that.


Index funds have built-in diversification

And if you want to go riskier you can track riskier indices

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These old bones live to learn her wanton ways:
(I measure time by how a body sways).
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cuttin_in_farm
01/23/22 12:41:43 PM
#22:


The_Dan_Haren posted...
lmfao, I would never do this. I dont trust anyone else and you shouldn't either.

Spoilers: Investing in itself is already letting someone or something else do the work for you. Assuming youre not buying only individual stocks.

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A show of kindness may not do much help, but a show of cruelty may do much harm.
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dodgefan91
01/23/22 12:47:13 PM
#23:


Leave your retirement account in safe index funds and just set it up for recurring consistent payments. Set it and forget it.

Then have a separate account if you want to gamble on riskier stuff. But for your own sanity and stability, I still like having my "play" account about 50/50 split between index funds and individual investments. Just helps to add some stability.
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