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Stock market/investing gurus, how did you get started or teach yourself how/where to invest? I’m finally making good money with no debt and want to start building something. Any help, books to read or direction would be helpful.
Thanks!

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Stocks only go up! I started in 2012 with $200 (cash I was willing to lose) and did some research. I ended up finding two companies, a tech start up (FB) and an unknown automaker (TSLA)—at the time both were $25-30 a share. Hold until you feel they are overvalued and then repeat.

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Buy whatever the Fed is buying, simple as that

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I read articles on Nerd Wallet. Free resource, super easy to understand and expands all aspects of investing/saving/retirement accounts, etc.

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Thank you! I’ve seen a few things on nerd wallet too. Seems like a good resource for info on “how to”

Check out the investment bowls on FB too- lots of good tips for newbies (am one myself).

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Simple investing using mutual index funds started when Jack Bogle, founder of Vanguard, invented the low fee index mutual funds that are core components of any retirement or investment portfolio today. Fans of this philosophy, investing in low cost index funds and never timing the market, maintain a forum and easy guides to set up your portfolio allocation and keep investing simple: https://www.bogleheads.org/wiki/Main_Page

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👀

I’m sure someone far more versed will comment below me but I think in general right now Is a great time to be a first buyer. Not a fun time for those who have been in the game for years or decades.

Also depends on how active you want to be, would you rather be more passive and focus on longer term gains or will you be taking advantage of the current market volatility?

A lot of stocks right now could do both for you. A lot of safe blue chip options are trading below their pre covid price and could be a good option. ETFs as well as mentioned by other posters. I would avoid the travel sector although it could yield great returns but I think there is a lot of luck involved but we don’t know how covid will play out ultimately.

Just buy stocks, they only go up. Pick some from hot industries like solar, batteries, tech, marijuana/hemp, pharma, whatever really. Check ETFs in that industry to see what they invested in for ideas, or just invest in popular indurstry ETFs. Better yet YOLO everything you got on far OTM SPX options cause obviously nothing’s bringing that bad boy down. Don’t need to read a book.

Only Brrrrrrrrr..no stonks?

Thanks all! Some helpful tips to get me thinking and started. Nice to hear there are a few newbies still trying to work it out too.

It’s something you figure out yourself at some point. It takes a certain personality to be a good trader.

I would just buy sp500 index fund.

Stocks don’t always go up and you could lose a lot.

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