How to get educated in personal finance management and investment?

Netflix
kGuS10

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kGuS10
Dec 26, 2017 7 Comments

Iโ€™ve been slacking in planning for the savings, investments and long term retirement plans. What are some advises how I can get started? What are a few great books? How can I find a good financial advisor to talk to? Other resources? Thanks

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TOP 7 Comments
  • Nvidia
    zVEC05

    Go to company page Nvidia

    zVEC05
    My favorite resources:
    - The Wealthy Barber - David Chilton
    - Rich Dad, Poor Dad - Robert Kiyosaki
    - Money Guy podcast

    Advice:
    - Start saving ASAP, start by maxing employer match, then max the 401(k).
    - Watch fees, stick with low cost index funds.
    Dec 26, 2017 3
    • Netflix
      kGuS10

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      kGuS10
      OP
      And what would be good places to look at available index funds?
      Dec 26, 2017
    • Nvidia
      zVEC05

      Go to company page Nvidia

      zVEC05
      Fidelity & Vanguard both have very low cost index funds. So any of their funds are a good bet. Some do have minimums so you may need to save up 2k or so for those.

      For a 401(k) you may be limited initially to funds your plan supports. But a lot of plans offer a self directed option that let you buy any stock or fund you want. Once you save up 50k or so that can be a good way to shave off a percent or two.

      Also forgot to mention: Target date funds are awesome. They adjust the investment mix overtime so you don't need to.
      Dec 26, 2017
  • Amazon
    ๐Ÿฅ“ lover

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    ๐Ÿฅ“ lover
    EfficientFrontier.com

    And this free book from that site:

    http://efficientfrontier.com/ef/0adhoc/2books.htm
    Dec 26, 2017 0
  • Google
    L9hQ32

    Go to company page Google

    L9hQ32
    Read the bogleheads wilki. Look up index card financial advice.
    Dec 28, 2017 0
  • I like โ€œA random walk down wall streetโ€
    Dec 26, 2017 0