Investing - where to start

[Army of GOD]

So I figure I should start learning about investing/investments/vaginas. I have a basic concept of stock trading (buy low, sell high, selling short, what the f*ck a dividend is) but don't know much about basic strategy and gameplan.

Anyone have any good books or podcasts that talk about that shit? I'm familiar with Mad Money but I remember that whole John Stewart hates Jim Cramer thing.


inb4 BBS and Phatscooter

[Lootifer]

Currently I would not invest in anything other than bluechip or similarly solid investments as things will continue to be volatile and distorted for a while. Thou you are young so you can afford to play a little riskier.

Oh and I would avoid geared investment if I were you. You f*ck up and you can put your self in a big ole hole. Then again I just bought a house with a huge mortgage.... so maybe I should just shoosh.

[BigBallinStalin]

Become a Yeoman.

[Army of GOD]

Become a Yeoman.

WOODRUFF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[BigBallinStalin]

lrn2finance?

You can start tooling around with whatever little money you've got, but that'll only be worth the learning experience (and maybe not because if you don't know what you're doing, then you'll probably be wasting your time. The people with the good advice would rather not talk about it because then their strategy spreads, so there would be less arbitrage opportunities for them).

If you want to earn more money, then (1) you'll need more money (i.e. get a better paying job), and then (2) invest it yourself after fuckin' up with the learning curve, or (3) benefit from the gains of trade (e.g. outsource to... oh I dunno, a guy who trades for a living?).

lrn2STATA + finance too.

[nietzsche]

yessss yesssss worry about your retirement yessssss

save

mortgage

credit card

wife

kids

mid life crisis

one more !!




what the f*ck, spent every little dime you get in beers and trips you fucking twat, youa re like 22

[Army of GOD]

yessss yesssss worry about your retirement yessssss

save

mortgage

credit card

wife

kids

mid life crisis

one more !!




what the f*ck, spent every little dime you get in beers and trips you fucking twat, youa re like 22

Less worrying about retirement and more I-want-enough-money-so-I-can-hire-your-family-for-2-cents-an-hour.

[nietzsche]

yessss yesssss worry about your retirement yessssss

save

mortgage

credit card

wife

kids

mid life crisis

one more !!




what the f*ck, spent every little dime you get in beers and trips you fucking twat, youa re like 22

Less worrying about retirement and more I-want-enough-money-so-I-can-hire-your-family-for-2-cents-an-hour.

Please bitch, I already hire your sister for what I do in the first 5 minutes of my day.

[BigBallinStalin]

Don't be spiteful because you need the job, nietz.

[nietzsche]

Don't be spiteful because you need the job, nietz.

I'll hire your sister next if you keep backing him up.

[BigBallinStalin]

I've scratched your name off my "Mexicans for Hire" list, and have placed you on the "Mexicants" list.

For shame.

[Gillipig]

I'll have your sister nietzsche, I'll pay decently for her but I can't promise I won't knock her up.

[thegreekdog]

AoG - do you have the time or desire to day trade? I've heard that can be lucrative.

[Dukasaur]

Invest in the means of production.

Booze will never go out of style. If you invest in some good quality glassware and copper tubing you can be producing a valuable product regardless of whether the economy is good or bad.

[Army of GOD]

lrn2finance?

You can start tooling around with whatever little money you've got, but that'll only be worth the learning experience (and maybe not because if you don't know what you're doing, then you'll probably be wasting your time. The people with the good advice would rather not talk about it because then their strategy spreads, so there would be less arbitrage opportunities for them).

If you want to earn more money, then (1) you'll need more money (i.e. get a better paying job), and then (2) invest it yourself after fuckin' up with the learning curve, or (3) benefit from the gains of trade (e.g. outsource to... oh I dunno, a guy who trades for a living?).

lrn2STATA + finance too.

You like contradict yourself. First paragraph: don't invest if you don't know what you're doing because you'll waste time. Second paragraph: invest and you'll learn.

There's no literature you can't point me to that talks about strategies or whatever?

AoG - do you have the time or desire to day trade? I've heard that can be lucrative.

Desire, yes. Time, probably not. Capital, not at all right now.

I'm graduating in the spring of next year so I'm eventually going to have the capital (hopefully), but at this point I just want to learn basic gameplans for investing. That way when I do make money I can invest it properly and not spend it all on nietzsche's famous prank condoms.

[loutil]

AoG - do you have the time or desire to day trade? I've heard that can be lucrative.

Actually, no. Most day traders go broke. Primary reason is that they only know how to make money when the market is going straight up.

AOG: start with the basics. Buy a few ETF's and try to diversify a bit if you can. Here is an example of a well diversified conservative growth allocation:
DBL = 5%
EFA = 10%
EEM = 10%
IYE = 8%
IYF = 8%
HYG = 5%
IWB = 30%
PFF = 5%
IJR = 5%
KBWD = 5%
cash = 10%

[Army of GOD]

AoG - do you have the time or desire to day trade? I've heard that can be lucrative.

Actually, no. Most day traders go broke. Primary reason is that they only know how to make money when the market is going straight up.

AOG: start with the basics. Buy a few ETF's and try to diversify a bit if you can. Here is an example of a well diversified conservative growth allocation:
DBL = 5%
EFA = 10%
EEM = 10%
IYE = 8%
IYF = 8%
HYG = 5%
IWB = 30%
PFF = 5%
IJR = 5%
KBWD = 5%
cash = 10%

Might have to explain some acronyms...

[nietzsche]

An ETF is already diversified, don't be a pussy get 1 or 2 ETFs not more.


Seriously, if you have money to spare and you really feel old, put it on blue chips.

I'd invest it on certifications. You are inclined to programming? Get one of those expensive certifications from MS. Yes, they suck and you could learn all of it from the web, but the persons that hire you are suckers, you put that on your resume and you have an advantage to get the job and better pay for sure.

Trading is a dangerous place if you don't know what you are doing, unless you really can take the time to go over the sec fillings and actually understand them with relationship to what they mean in the old world, the current world and the future world, you'd be taking intuitive decisions. Play reoulette instead.

[thegreekdog]

AoG - do you have the time or desire to day trade? I've heard that can be lucrative.

Actually, no. Most day traders go broke. Primary reason is that they only know how to make money when the market is going straight up.

I know only two day traders and they both made money. In any event, my comment was more tongue-in-cheek than anything else.

[Timminz]

You're in university: take a few finance courses.

The first course or two won't really teach you much about investing in the real world, but they'll give you a foundation of knowledge that will be useful.

Or, just read up online. Use investopedia to look up terms you don't understand.

[AndyDufresne]

I use to day trade all the time.




--Andy

[BigBallinStalin]

lrn2finance?

You can start tooling around with whatever little money you've got, but that'll only be worth the learning experience (and maybe not because if you don't know what you're doing, then you'll probably be wasting your time. The people with the good advice would rather not talk about it because then their strategy spreads, so there would be less arbitrage opportunities for them).

If you want to earn more money, then (1) you'll need more money (i.e. get a better paying job), and then (2) invest it yourself after fuckin' up with the learning curve, or (3) benefit from the gains of trade (e.g. outsource to... oh I dunno, a guy who trades for a living?).

lrn2STATA + finance too.

You like contradict yourself. First paragraph: don't invest if you don't know what you're doing because you'll waste time. Second paragraph: invest and you'll learn.

You're overlooking important key words like "can," "probably," and "maybe." I bolded them for you, AoG!

There's no literature you can't point me to that talks about strategies or whatever?

STATA
Data Analysis Using STATA

Layman stuff (Not sure if at all good, but it's probably useful for better understanding the Basics and Advanced):
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition)

Basics:
Essentials of Corporate Finance (Ross)
Financial Institutions, Markets, and Money (Kidwell)
Principles of Money, Banking, and Financial Markets (Ritter)
Fundamentals of Investments, Valuation and Management (Jordan & Miller)
Analysis for Financial Management (Higgins)

More Advanced:
Intermediate Financial Management (Brigham)
Case Studies in Finance--Managing for Corporate Value Creation (Bruner)
Financial Reporting, Financial Statement Analysis, and Valuation:
A Strategic Perspective (Wahlen)

Real Estate:
Real Estate Investment (Phyrr)

International:
International Financial Management (Madura)


Good luck!

[Army of GOD]

lrn2finance?

You can start tooling around with whatever little money you've got, but that'll only be worth the learning experience (and maybe not because if you don't know what you're doing, then you'll probably be wasting your time. The people with the good advice would rather not talk about it because then their strategy spreads, so there would be less arbitrage opportunities for them).

If you want to earn more money, then (1) you'll need more money (i.e. get a better paying job), and then (2) invest it yourself after fuckin' up with the learning curve, or (3) benefit from the gains of trade (e.g. outsource to... oh I dunno, a guy who trades for a living?).

lrn2STATA + finance too.

You like contradict yourself. First paragraph: don't invest if you don't know what you're doing because you'll waste time. Second paragraph: invest and you'll learn.

You're overlooking important key words like "can," "probably," and "maybe." I bolded them for you, AoG!

There's no literature you can't point me to that talks about strategies or whatever?

STATA
Data Analysis Using STATA

Layman stuff (Not sure if at all good, but it's probably useful for better understanding the Basics and Advanced):
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition)

Basics:
Essentials of Corporate Finance (Ross)
Financial Institutions, Markets, and Money (Kidwell)
Principles of Money, Banking, and Financial Markets (Ritter)
Fundamentals of Investments, Valuation and Management (Jordan & Miller)
Analysis for Financial Management (Higgins)

More Advanced:
Intermediate Financial Management (Brigham)
Case Studies in Finance--Managing for Corporate Value Creation (Bruner)
Financial Reporting, Financial Statement Analysis, and Valuation:
A Strategic Perspective (Wahlen)

Real Estate:
Real Estate Investment (Phyrr)

International:
International Financial Management (Madura)


Good luck!

Thanks BBS you're the bestest!

[loutil]

An ETF is already diversified, don't be a pussy get 1 or 2 ETFs not more.


S

Seriously? You clearly have no idea of what you speak. ETF's are not diversified by their nature. You should study correlations. Especially with equities. This lesson was learned quite well back in 2008/2009. Large cap, mid cap, small cap, domestic, international, value, growth...it did not matter. All those classes of stock went down approximately the same. That is NOT diversification. Non correlation is the only real way to diversify in the market.

[loutil]

AoG - do you have the time or desire to day trade? I've heard that can be lucrative.

Actually, no. Most day traders go broke. Primary reason is that they only know how to make money when the market is going straight up.

AOG: start with the basics. Buy a few ETF's and try to diversify a bit if you can. Here is an example of a well diversified conservative growth allocation:
DBL = 5%
EFA = 10%
EEM = 10%
IYE = 8%
IYF = 8%
HYG = 5%
IWB = 30%
PFF = 5%
IJR = 5%
KBWD = 5%
cash = 10%

Might have to explain some acronyms...

Those are just symbols for different ETF's. Use Yahoo finance or google finance to look them up.