The answer to every “how to invest” question ever.
I keep seeing this come up over and over again. Blind is good for comparing salaries, not the best place for a nuanced discussion of a complex topic. Here are the top 2 resources for learning about investing in all categories: Websites: Bogleheads wiki Bogleheads forum Newsletters: Capital Minded - http://capitalminded.com Money stuff - link is on Bloomberg Books: Random Walk Down Wall Street The Four Pillars of Investing Podcasts: Bloomberg - Trillions. https://www.bloomberg.com/podcasts/decrypted1 Financial Times - Alphachat
Capitalminded
r/financialindependence
Reddit can be hit or miss. They’re really good for basic stuff like “what’s the best rewards credit card” or “how do I pay off my student loan” but when it comes to hard knowledge of financial theory and investing I’ve seen some pretty stupid (and flat out wrong) stuff upvoted there.
For books, I'm not a big fan of Random walk.. I know many people like it, but the author, Malkiel has not been very consistent in his teaching over the years. The intelligent investor is probably one of my favorites, followed by the "bogleheads guide to investment" and "all about asset allocation"
Intelligent investor is always a classic. I usually recommend Random Walk for beginners since it’s an easier read and the first couple of chapters do a good job of hammering home the passive philosophy.
Pretty much everything listed here is great. Also Mr. Money mustache.
MMM is great community if you’re into the FIRE philosophy. However he’s not very well versed in investing topics beyond simply “stay passive, buy index funds.” Which is still good advice. But your understanding of markets will quickly surpass his if you read a couple of books.
If you are just beginning,I think it's better to start with 'The Richest Man in Babylon', it doesn't cover anything extraordinary but it explains few simple things which everyone overlooks.
How is Jim Cramer’s stuff?
Terrible. I mean, he’s an entertaining guy but the entire thesis of his works is flat out wrong. His philosophy is “anybody can beat the market by just spending a few hours a week researching 5 stocks.” Over the last 40 years academics have conducted studies in stock markets around the world, and “beating the market” consistently is a statistical near-impossibility, especially in developed economies. For those that do, you can basically chalk it up to probability and luck. See warren buffets hedge fund bet and the efficient markets hypothesis for more info. Also holding 5 stocks exposes you to significant individual company risk (ie. One lawsuit, data breach, or bankruptcy can derail your entire portfolio).
The Millionaire Next Door for basic sense about Saving and living within ones own means or much lower
+1 for bogleheads Whitecoatinnvestor is another great blog resource
Whitecoatinvestor is definitely good. I tried to keep it to the top 2 in each category but since you mentioned blogs, philosophical economics is great if you want to dive deeper into the more technical/theory aspects of finance.
Subscribed to capital minded, checking out philosophical economies. Was not aware of both, thanks!