I’m in IT, SWE - and I’m good at that. I feel finance is a whole new world and should be left to experts. If I want to get in to finance I will go all the way down, but I really don’t have time and passion for it, at least for now. And financial services aren’t cheap either. So I’m left out with default 401k, rsu and stocks. I barely do any other investments in stocks, bonds and commodities because I’m scared due to lack of knowledge and most importantly lack of information or trust worthy resource. When I see people around me with same backgrounds talk about stocks and market make me wonder, from where they are getting all this - which one to buy and sell, market will go up and down, Invest in technology vs pharmaceutical vs airlines. Do anyone feel this way, or am I the only one? What do I need to do to catch up so I can also make some extra bucks and invest with some logic behind it. Thank you!!
Put in 5k into Robinhood and play with it. Nothing teaches better than practical.
Paper trade before even that, or might as well just give the $5k to everyone on this thread directly
I find there’s still a big difference between paper trade and real money. You learn a lot more of how to deal with things psychologically when you practice with real money.
“If I want to get in to finance I will go all the way down, but I really don’t have time and passion for it, at least for now.” that doesn’t help. next time you hear people talk, ask where they got that from. it might not always be as logical as you suspect
Investopedia and paper trading. Experiment with fake money first, treat it as a game
Check out Bogleheads. Ignore other advice in this thread.
This. Stay far away from options trading like others are suggesting
Little book on common sense investing. That's all you need to be filthy rich one day
Read A Random Walk Down Wall Street
Tack on Rich dad poor dad, Richest man in Babylon, intelligent investor, and more