Hello all!
I'm 26, I studied economics but I don't know why I'm not much into investing/trading. Someone else like this?
I recognize this is not a very good approach for someone with money "knowledge" and I would like to change this mindset. My main weakness is that I easily get bored of following the market and that I do not see big opportunities. Any advice?
Where to start learning, general advice for LT and ST investments, things you learnt, books that changed your pov on the topic etc.

Thx!

like
Posting as :
works at
You are currently posting as works at

First thing to know is that you don’t need to follow the markets for long term investing. Daily / weekly / monthly market movements are just noise. The best approach for long term investing is to set a schedule of contributions into your chosen investing options, automate it and let it continue.

For money you are saving for big purchases in near future - put that in HYSA /CDs or even IBonds (at least 1 year)

For emergency and regular cash flow - next 3 to 6 months money - keep in HYSA / checking etc.

That’s all there is to it. No rocket science. People would make it look like there is a lot to it because they fiddle too much with it. It’s not needed

like

Love this

Yeah.

Honestly, if you aren't intrinsically interested, then mutual fund. That actually is an economically grounded recommendation, as even if you love economics, you will not do as well as all of the people who love economics and are passionate about investing. So, just weight to the market with an index.

like

I think you are asking advice on how to get interested in investing but not specific investing advice is that correct? I personally like podcasts as I can explore a lot of surface and find what interests me without having to get bogged down in books. Once I find a podcast topic that strikes my interest then I get the books to get into the weeds. For investing I personally enjoy podcasts like modern finance and we study billionaires but those are more focused on crypto world so if that’s not your thing then probably won’t interest you much. You can also try an app like Uptime which gives very short summaries of books which makes it fun to find books you want to dive more into. Good luck!

like

College teaches you nothing about actual investments and generating wealth. You gotta do it on your own. Please do it now…today! Don’t wait till you are in your 40s like me.

Start with Random Walk Down Wall Street and YouTube.

like

Your economics course hopefully also taught you that long-term, your best odds are index fund/mutual fund/ETF, not picking individual stocks or following markets closely and knowing exactly when to buy or sell to get rich.

There is no magic formula. There is no secret or hard-to-learn strategy of knowing certain information and acting on it at the right time to always make gains, or even make gains most of the time. There is no secret.

The only “secret” is just a mantra that is easy to ignore when emotions run high: invest slow and steady overtime, and don’t sell in a panic when the market slumps (like now). If the rest of the details don’t interest you, don’t worry about them. Just stick to that simple strategy and you’ll be fine.

like

VTI and forget

like

Related Posts

Hey all
I am writing a book about value creation in real estate (commercial). Chapters would include
-investing
-Acquisition
-Financing and underwriting
-development
-refurbishment
-leasing
-operating (tenant management)

Is anyone interested in being involved?

like

Investment banking Associate (15 months)
Roles:
• Creating detailed company profiles, pitch books, management biographies and industry overview 
• Preparing biotech Newsletter on weekly basis for senior management for strategic advisory
• Relative valuation including comparable and precedent transaction analysis
• Hands on experience with financial databases including Capital IQ, Merger Market, & Thomson Reuters

Kindly refer

like

Does anyone have a good practical guide / book on getting started with small multi family real estate investing? I’m in Canada and am looking to avoid hype books to get to the practical need to know details. I have between 250-350k to invest and looking to scale as quickly as possible.

like

Newbie to investing. What are good online courses / books to get smart on investing?

like

Is there a good single source or book that’s worth reading when first getting into commercial real estate investing? Looking to ramp up on the DD process and what to look out for

like

Does anyone have any recommendations on books or online courses I could invest in to help me be a more confident/effective salesperson?

like

Trying to get into habit of reading. Have never read any books and would love some recommendations
General interest include investment, trchnology, short stories with moral, entrepreneurship,business

funny

Best books to give to new young client who genuinely wants to grow and develop his interest & understanding of finance, doesn’t want to be bored, & cares about his investment accounts?

like

Anybody reading books about real estate investment or related topics? Drop your recommendations! (Except Rich Dad, Poor Dad 🙄🤢)

like

Hey FB fam. I’m putting together Financial success resources. If you have any books, articles or podcasts in relation to personal investments or real estate you recommend, please feel free to share 🙃

like

Trying to get into habit of reading. Have never read any books and would love some recommendations
General interest include investment, trchnology, short stories with moral, entrepreneurship,business

likehelpful

What are some good books for learning about finance? I don't know almost anything about the stock market, investing, managing money etc.

like

Best book(s) to get started in real estate investing?

Hello 🐠fam! Making a career transition where excellent communication via writing can be of paramount importance. Think of it as writing for large audiences.

Would like to invest in my writing skills as much as possible. Any suggestions on classes / tutors / books / workshops / techniques / or anything else that may help?

That’s be highly appreciated.

like

Best book about investing for beginners?

like

Hi everyone, can anyone recommend books on organizing personal finances that goes beyond the basics but is still easy to understand?

I should be good at this stuff, I have no debt, a decent salary, and I stick to a pretty strict budget… but the ins and outs of different investment and savings options confuse the hell out of me every time. What should I do with my money? Advice appreciated :)

like

I have a 19 year old niece I am going to help set up her first investment account. (I’m a proud Aunt!). She wants to put some money she has saved up - about $5k- into a mutual fund that “is environmentally conscious”. I was going to chip in a bit more for her Christmas gift and help her identify a fund that she would like to pick as her first.
Any recommendations on “environmentally conscious” funds? Or also any book or website geared toward her demographic (19 year old )? Thank you!

like

What are your best personal finance tips and sources of information? I’m the household CFO by default, and I need to get more savvy about budgeting / planning / investing so my money works harder for me.
Any good programs, books or courses you’ve taken? Any good tips or hacks you want to share? Teach me your ways!

like

For those that invested in real estate rentals, how did you systematically approach finding a good property? Realized most of my stock investments was just gambling and I don’t want to gamble on a RE investment. Read a few books but none of them go into how to actually find a good deal/city.

like

Does anyone know any great books on real estate investing? For big investments not for house flipping

like

More Posts

Is moving from Seattle worth it? I've heard the freeze is still in affect in Portland but I'm more worried about prices. I WFH mostly and pull down like 120k a year, Seattle is getting crazy expensive rent wise and crazy full. I'd like to find somewhere new but stick to the PNW.

like

How is the Deloitte MATS group? Hiring in nyc/pay for a senior 1?

Any data analysts at MSFT willing to have a quick networking call? Want to learn more about your day to day and company culture.

like

Anyone from DUSI Tax consulting CLM?

Best place for a fancy night out on the town in Philly? Ideally dancing, live music, theater, something like this, where it's not inappropriate to be dressed to the nines.

like

Wondering what would be the starting salary for a Customer Care Coordinator, essentially an Appointment Scheduler. I have over 25 year in phone customer service, I’m fully bilingual English and Spanish.

like

EY MD Poll: Before unlimited vacation we had 28 days (25 + 3). By closing the office in July and December they added 6 more days off , so apples to apples it’s 22. How many vacation days do you typically take in a year now?

like

गम है......
तेरे चले जाने का,
तुमको ना पाने का,
अकेला हो जाने का,

अफसोस है......
गम से ना उभर पाने का,
इस गम अपने अंदर दबाने का,
वक्त रहते सच ना देख पाने का,

पर सकून है.....
तेरे खुश हो जाने का,
धन दौलत का ख्वाब पाने का,
मेरी तरह गमों में ना बह जाने का,

उम्मीद है........
अब travel वाले अरमानों का गला नहीं घोटते होगे,
Pretty dress को लेने से पहले प्राइस price tag नहीं देखते होगे,
Latest iPhone सबको दिखा के खूब फेंकते होगे,
Luxary staycations पे अच्छी धूप सेकते होगे,

आशा करता हूं......
(Ctd..)

likehelpful

For those of you that aren’t consulting lifers, what made you go into industry? You were able to get those jobs without doing consulting first sometimes, so why consulting?

like

Having offer of Techm-15ctc Inc variable and Accenture-10fixed. Pls suggest which to opt. Tech- sap consultant ......Accenture Tech Mahindra Deloitte Cognizant

Can anyone tell me how is the work culture at Tiger Analytics? And how much I should expect with 5 YOE.Tiger Analytics

like

Designers can easily make a side hustle work for their books. What do you do to build up your book on the side when you don't have a designer to partner with?

like

Booz fish that are part of the Strategic Innovation Group (SIG)... What do you do exactly?

Is there any value for AWS SysOps /w Security certification?

Looking to transition from consulting to secops and this seems like a good path. Any recommendations?

like

On what date/how long into knowing someone did you “know they were the one” or have really strong potential?

like

Interviewed four candidates and really like all 4. It’s going to suck to tell 3 of them that they’re not getting the job.

like

For anyone who has really enjoyed adjusting, what did you also really enjoy after that? I want to move up in my career but I have found a lot of enjoyment adjusting. I just know that can’t be it forever because I need to learn, grow and make more money. And a break from adjusting 🤣

like

I’ve had equity granted to me at startups before, but now I am diving into a public company and their compensation states: Competitive Salary + Bonus + Equity.

My question is, what typically does an equity grant look like at a public company? Is it an exorbitant amount like thousands od options/RSU’s or just like 50 shares? Thank you all in advance!

like

Deutsch LA. What's the latest? Go

like

Everyone has a favorite pen. What’s yours? Post a picture or describe it.

like

Additional Posts in Personal Investment Chatter

Thoughts on ARK innovation ETF?

likeuplifting

Investment newbie - QQQ vis vanguard? .2 expense ratio. Is this higher (than other platforms) bc not a stock or vanguard fund? Stupid to invest thru vanguard or literally no difference?

like

Should you put all your savings (with the exception of emergency fund) into a down payment as a first time homebuyer? Also, if you wanted to buy a home within ~3 years, would you save everything in cash or allocate a % of equities?

like

Recently bought an old house and need to replace most of the windows—going to be a major expense no matter what, so I don’t wanna skimp on quality, but also am hoping that the ~$24K quote for 11 Andersen Renewal windows+installation isn’t truly necessary :-). Would really appreciate any advice from those who have been thru the process!

like

Fishes,
How does 2.625% with 20% down rate sounds for a primary home. Closibg cost 2.5k.
Any thoughts if there are betteroffers that I can explore in the market??

like

Pay off the car early or fund more in 401k?
New job, no prior 401k balance but late career starter at 30 so anxious about retirement. If payoff car loan, I will only be able to contribute 5k to retirement this year (no match 1st year). Car loan is 5.99% and matures 2023. I would divert what would be retirement contributions to paying off the car by Dec this year. This would free up a $540 monthly bill starting Jan 2021. What’s better, higher retirement contributions now, or pay off car now?

like

What happens if I contribute the max amount to a Roth IRA on Jan 1st and my MAGI ends up being more than the income limit?

like

Thoughts on trading with margins?

like

which stonks should I buy? everything seems overpriced lol

like

Adding money monthly, in the long run, wealthfront or s&p 500 ETF?

like

With Lockheed an Raytheon going up after the news of Kim Jong Un being in a coma, I am reminded of the 34th Rule of Acquisition: "War is good for business." Finally RTX is going up!

likefunny

What is happening with the market???

like

Anyone have any experience angel investing?

like

Asking for a friend - contributed full $6k to a ROTH IRA during 2021. Due to RSUs vesting is now above the MAGI limit to contribute to a ROTH IRA. Would the best approach be to have the contributions be reclassified to traditional, and then do a back door Roth? (Currently does not have a traditional IRA balance)

likesmart

Does anyone know what fees are in the Deloitte 401K plan?

like

Anyone else worried about Netflix volatility? They have had amazing growth the last five years,but they seem to only have market penetration in correlated spaces of media production & content delivery

like

A 401k’s individual contribution limit (at least for elective deferrals) is $19k.

401+19 = 420. Coincidence? I think not. 🍁 💨 🔥

Agree?!?! Follow me for more finance & lifestyle hacks.

likefunny

In early Feb, I contributed $6K to a trad. IRA and converted the full amount to Roth IRA (my limit for 2020). In my ‘20 tax return, do I only fill out Part I of form 8606 & report the rollover in ‘21?

like

How severe and how long do you think the coming recession will be? Stocks and bonds have already taken a huge hit; what are the best investment products in the market right now?

like

Are ICLN, ARKK, ARKG still good long term investments for a retirement account?

I know the hype has died down a bit as they haven’t been doing as well recently, but wanted to check if those with long term horizons were still feeling confident about them.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.