How to learn trading better?

New / Mktg
FANorAC

New Mktg

PRE
IBM
BIO
Trying to be discreet 🧐
FANorAC
Apr 8 18 Comments

I am 30, and I feel I have very negligible savings.
I want to do better with my personal finances and learn to invest properly.

Can someone please suggest good resources to start with, for learning how to trade and make other investments.
I do Robinhood a little bit, but not regularly.

Thank you

TC: 100k
#personalfinance #investments

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TOP 18 Comments
  • Shopify / Eng
    stonkify📉

    Go to company page Shopify Eng

    stonkify📉
    It's so easy. I am an expert.
    Buy high sell low.
    Apr 8 2
    • Shopify / Eng
      stonkify📉

      Go to company page Shopify Eng

      stonkify📉
      Jokes aside,
      I recommend follow akshath srivatsava in youtube. He give nice tips.
      Apr 8
    • New / Mktg
      FANorAC

      New Mktg

      PRE
      IBM
      BIO
      Trying to be discreet 🧐
      FANorAC
      OP
      Thank you, will look him up!
      Apr 8
  • New
    pAWt67

    New

    pAWt67
    Check out the personal finance subreddit and bogleheads. Absolute easiest path is throwing money into a target date fund. Next easiest would be something like a 3 fund (domestic stocks, international stocks, bonds) portfolio. Stick with low fee index funds for investing.

    If you are looking to have fun actively trading, go for it but I'd hesitate to call that investing as it is often just speculation.
    Apr 8 2
    • This is correct. Expected value from actively picking stocks is negative, extra negative if you really try to time the market or start dabbling in options. Boring is better
      Apr 8
    • Google
      18dummy

      Go to company page Google

      18dummy
      Came here to say the same thing. If you want to actively trade, allocate a small percentage (~5%) to learn. Otherwise stick to boring stuff like index funds and forget about it.

      And if you want to be really lazy, go with a robo investor.
      Apr 8
  • New
    tigerbl00d

    New

    tigerbl00d
    I have been active in the stock market for over 20 years. The best advice I can give you is to buy stocks in a few companies you believe in, regularly (monthly or quarterly) add to your positions, and don't worry about trying to time entries and exits.

    Buy and hold is the best strategy for long term. As long as you are not buying penny stocks and other speculative companies, it is hard to lose money over time following such a strategy. You can literally just buy SPY every month and you will have a solid profit after a few decades.

    Yes, there is more money to be made by being more active in managing your positions and selecting more speculative investments. There is also an equal, if not greater chance to lose money investing like this as well.

    It is very beneficial to forge habits of consistency and discipline in the start by investing using a buy and hold strategy. Once these habits are ingrained, you will find that allocating a minority percentage of your portfolio to speculative investments will be far more lucrative than if you started speculating in the beginning.

    Also, it is highly advisable to stay away from margin and options in the start. Only invest with cash you own and stick to major companies with tangible goods and services which you can experience for yourself. There is a lot of BS and fraud on the internet, so take everything you read with a grain of salt. The only real information is what is in a company's financial disclosures, and some companies even lie in these documents as well. That is why investing in penny stocks and no-name companies with some random product that is not even for sale yet usually results in huge losses for so many amateurs.

    Protect your funds and grow them slowly and steadily. Don't try to beat the market because there are many, many people and organizations with more knowledge, experience and resources than you and they will be happy to be on the winning side of the trade while you go bankrupt.
    Apr 8 3
    • New
      tigerbl00d

      New

      tigerbl00d
      I don't disagree, but it should be pointed out that I am giving them advice on how to get started, not how to manage a large portfolio - which is a task beyond the capability of someone just beginning.

      And yes, there are various risks beyond the ones you pointed out for this, and any other strategy under the sun. One of the first rules of investing is to never invest more than you are willing to lose. This varies from person to person, org to org, and once a strategy is implemented, it is simply a game of continuous risk management.

      As I suggested, buying into a fund that tracks a large number of companies is one of the safest routes to take in the start. Diversifying a sub six figure portfolio is much different than diversifying a six figure portfolio which, in turn, is far simpler than diversifying seven and eight figure portfolios. Once you reach that range, it is usually more efficient to give your money to professionals to manage unless you have enough knowledge and time to dedicate to portfolio management.
      Apr 8
    • New / Mktg
      FANorAC

      New Mktg

      PRE
      IBM
      BIO
      Trying to be discreet 🧐
      FANorAC
      OP
      Thank you for SUCH a detailed message, I appreciate your inputs very much ✅
      Apr 8
  • Meta
    Chris Rock

    Go to company page Meta

    Chris Rock
    Truth is you can’t. Majority of people end up losing money because wins make them feel like they’re smarter and better which they’re not. Index funds and time is the way to go
    Apr 8 1
    • New / Mktg
      FANorAC

      New Mktg

      PRE
      IBM
      BIO
      Trying to be discreet 🧐
      FANorAC
      OP
      I agree, I did invest a little in index funds too
      Apr 9
  • Financial Service Company / Data
    anonaccoun

    Financial Service Company Data

    anonaccoun
    A Random Walk Down Wall Street
    Apr 8 1
    • New / Mktg
      FANorAC

      New Mktg

      PRE
      IBM
      BIO
      Trying to be discreet 🧐
      FANorAC
      OP
      Ya, I did that, and found Leonardo DiCaprio screaming at me
      Apr 9