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Getting my popcorn ready for the Dave Ramsey club to pop in
Love Dave! Very conservative, long term investing. :-) Still have my “fun” side money for playing with individual stocks.
What do you want to invest in? Stocks are the easiest to access, most liquid & least prep work. Real estate is harder to access, illiquid and more work.
To invest in stocks, the best way I’ve found is:
1. Invest in 401K upto company match. Keep it simple and choose 1 - 3 broad index funds like VTSAX
2. Open Roth IRA (in a broker like Vanguard or Charles Schwab). Invest in broad index funds like VTSAX
3. Max 401K. Same index funds as above
4. Open taxable brokerage account outside of those tax advantaged accounts
This will get you started. When you want to move to individual stocks, go to companies you understand and possibly use.
To learn more, google FIRE (financial independence, retire early). You don’t need to retire early but a lot of investing strategies explained there work well for average investors. Learn about compounding. Learn about how inflation drives asset prices. That’s a good place to start.
Read the updated edition of “The Intelligent Investor” by Benjamin Graham. It’s considered by many as the bible of investing... Warren Buffet wrote the preface on this one and it has updates after each chapter with observations covering more recent market developments. The book covers a lot of ground around value investing and provides many principles. I see it as the foundation to investing for anyone who enjoys the subject. As I read it I made my own notes and observations which I always go back to if I need a refresher.
Subscribe to the High Yield Landlord on SeekingAlpha.
If you’re willing to put in the work (and $45 a month), it will be well worth it.
I’ve read all the books - “The Intelligence Investor” - etc. They are great but don’t help you go into your account and choose stocks.
The “owner” of the HYL gives a portfolio tracker, investment theses, monthly portfolio review, and responds to emails within 12 hours.
It’s not a gimmick. The guy invested
+$100k of his own money and the 2k paying subscribers are investing their own money (many since the channel opened 3 years ago).
It’s no Zachs or Motley Fool where stocks and subscriptions are constantly peddled. It takes work and focus but you can build a portfolio of 10 solid stocks
R/wallstreetbets
No, go there for entertainment if anything