I know nothing!!!!!

[ArtSchlichter]

Literally know nothing about the market. I finally am making 100k a year now and its time to learn and invest. Guys just give me 30 seconds of your time and post your best piece of advice.

Books...web sites...classes...whatever.
Thanks in advance.

 

[TKE683]

If you don't want to think to much, find a good mutual fund.
I've been in the Mutual Series, they do very well.
Stocks, just like gambling, money to be made and lost but you gotta do your own research.

 

[ArtSchlichter]

Ok...thats a start...thanks...but where to research?...Im headed to library tomorrow...any good books?

 

[PercocetThreat]

Ok...thats a start...thanks...but where to research?...Im headed to library tomorrow...any good books?

Best advice I can give you is to learn how to read SEC filings, but I cannot offer any books that help you do that.

 

[Alvan9]

I watch CNBC constantly. Squawk box, morning bell ect. But I've actually learned the most from Jim Cramer's show, Mad Money. I've also learned alot from his books. Real Money: Sane Investing In an Insane World. And his new book: Mad Money: Watch TV, Get Rich.

 

[ArtSchlichter]

Thanks!!:toast:

 

[jarhead60]

A real investment approach is highly personal. It depends on your abilities, your time, your assets, amount of money to invest, life style, goals, etc. One size doesn't fit all.

One way to start is to read everything you can, and don't believe everything you read.

Start out with a "finance for dummies" type book. I would stay away from the TV shows...they are mostly hype and entertainment.

All that being said, basic standard advise is (1) own your home and (2) tax deferred IRA's in no load mutual funds.

Good Luck.

 

[Hawklet2]

1. Buy one share of Berkshire Hathaway (BRKA) per year.
2. ????
3. Profit!

 

[amhlilhaus]

if you want to invest on your own read peter lynch's books, and I also read and use bill o'neils books, 'how to make money in stocks'.