Any investing Gurus on here? Any book recommendations?
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Stocks, ETF, Funds and General Investing
- Thread starter Porter Rockwell
- Start date
I am not an investing guru, but I have put a lot of reading and effort into figuring out I'm a dummy when it comes to securities. I suggest reading the following:
https://www.amazon.com/Intelligent-...TF8&qid=1522113225&sr=8-1&keywords=ben+graham
https://www.amazon.com/Little-Book-...TF8&qid=1522113255&sr=1-1&keywords=jack+bogle
https://www.amazon.com/Intelligent-...TF8&qid=1522113225&sr=8-1&keywords=ben+graham
https://www.amazon.com/Little-Book-...TF8&qid=1522113255&sr=1-1&keywords=jack+bogle
Awesome you want to gain the knowledge! At 55 I would share 4 things:
1. Pay yourself First...
2. Max out 401K and company matching.
3. Life insurance to protect your family in case of your death.
4. Get a Money Manager...
Based on your age you won’t have to worry about a thing at 55...
1. Pay yourself First...
2. Max out 401K and company matching.
3. Life insurance to protect your family in case of your death.
4. Get a Money Manager...
Based on your age you won’t have to worry about a thing at 55...
Before you do anything else, read this. Pricey, but if you sign up for Audible, your first book is free. I’d recommend this one. Even if your goal isn’t trading for a living, the concepts in this book are must reads for anyone thinking of self-directed investing. This is the updated version.
https://www.amazon.com/gp/aw/d/1118...nder+elder&dpPl=1&dpID=51tkGJGPaaL&ref=plSrch
Beanie Babies
Good grief.
Follow Warren Buffet's advice Low cost index funds. Managed funds can't beat them in the long run. Vanguard funds are rock bottom cost. Your goal should be saving 10% as a minimum.
Dave Ramsey and Clark Howard are good authors about saving and investing.
Dollar Cost averaging, slow and steady win the race. When the market drops don't panic and sell, buy more it's on sale!
All the idiots who jumped out when the market dropped from 14000 to 8200 missed the slow climb back.
Dave Ramsey and Clark Howard are good authors about saving and investing.
Dollar Cost averaging, slow and steady win the race. When the market drops don't panic and sell, buy more it's on sale!
All the idiots who jumped out when the market dropped from 14000 to 8200 missed the slow climb back.
Worked really really well for me...
Had a nice portfolio 8 years ago with Edward Jones an then the great recession took it all away.An yes …If I didn't sell I would have done fine. But who knew…Didn't look to good back then.Get out of debt…that's a quarantee that benefits yourself.
Huge fan of Dave Ramsey, the envelope system as well as LIVING WITHIN YOUR MEANS!!! Poor people act rich and rich people act poor.....
