Hello Blind, I’m a late 20s woman in medical sales. I’m only a year and a half into my career. I would love to start investing in stocks but im so overwhelmed with where to start. I’ve read a lot of articles and I am left even more confused. Any tips on where to start?
Start investing with small amount to learn and practice . The amount can be as small as you are comfortable losing it . Mostly talking about stock market here !! I learnt and practiced by trying few things with small amount of money and later i learnt by doing it !! Be comfortable and learn the company have patience and forget about all maths !!!
I'm generally not interested in learning about stocks and the ins and outs, so I started investing with Wealthfront and am letting their robo-advisor do its thing. Maybe down the line I will do it on my own but Wealthfront and other robo advisors are generally recommended for people who are new and/or dont want to be too involved yet.
Read https://www.nerdwallet.com/article/investing/investing-101 Open a vanguard account and put your money in a Total Market Index fund. Invest more money monthly. If you want to get into individual stocks, only do that after you have done the above and only do it with money you're willing to lose.
1. Read https://jlcollinsnh.com/stock-series/ 2. Go to #1 3. Profit
JL Collins' The Simple Path to Wealth is highly comprehensible if you are based in the US. It helped me a lot to understand the basics of investment. For personal finances, check out Women with Money by Jean Chatzky. She also runs a fb group where women discuss all matters of finance.
You can start with Robo advisors like Wealthfront as it don’t need any investment knowledge. Start learning from it and other mentioned sources. Then you can maintain your own funds portfolio in vanguard.
I second this approach. Just set your risk tolerance level with one of the robo advisors and let them make your first portfolio. Then you can learn and manage your own down the road (or just keep using the robo investors if you’d rather not figure it all out). I’ll add that the robo investors only invest in low cost index funds and ETFs so it is consistent with what others are suggesting in this thread.
Open a trading account. Invest like 1000$ in it.. play around with a 1000$ till you feel comfortable and then once you gain some confidence invest more. Also the more you read about stocks the more confused you'll be. At the end of the day its all pretty much just gambling so do what you feel is best.
Individual stock picking is pretty much gambling but broad market index funds really aren’t — long term average gain of 7% per year over decades
Buy one share of an company’s products you use on an daily basis. That’s a start.
Read the “Intelligent Investor” by Paul Graham before you buy anything
Index funds and chill 😀
Thisssssssssss
And know that you are outperforming the majority of investors ever year -- even those who are way more confident than you