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Chief
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
Conversation Starter
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.
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!
Conversation Starter
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.
Rising Star
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.
VTI and forget