Reddit Reddit reviews A Beginner's Guide to Investing: How to Grow Your Money the Smart and Easy Way

We found 8 Reddit comments about A Beginner's Guide to Investing: How to Grow Your Money the Smart and Easy Way. Here are the top ones, ranked by their Reddit score.

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A Beginner's Guide to Investing: How to Grow Your Money the Smart and Easy Way
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8 Reddit comments about A Beginner's Guide to Investing: How to Grow Your Money the Smart and Easy Way:

u/Secret_Work_Account · 6 pointsr/investing

Read this First - This is an infograph that summarizes every financial blog/book I've looked at.

Books I've read that have been very helpful

  1. I will teach you to be rich - I've reread this multiple times. Covers almost all things finance that you'll need to know in your 20's + 30's. Totally worth the money!

  2. Beginners Guide To Investing - Breaks down investing in a very straightforward way
  3. Rich Dad Poor Dad - Very Cheesy, but hits some great thoughts on how rich ppl perceive money, are willing to talk about it, and how they grow money faster than the poor and middle class
  4. Your Money or Your Life - Haven't finished (feels a little dated, but hits some really good points on how to think of money and why you should change your habits)

    Books I haven't read but ppl reference:

  5. A random walk down wall street - Why investing in single stocks is foolish
  6. Possum Living - How to live cheaply
  7. Dave Ramsey or Suze Orman - Both have very popular philosophies and spending strategies that are referenced all the time.

    Sites to Reference:

  8. Mr. Money Mustache - All Financial Independence websites reference this site.
  9. Money Under 30 - All things Personal Finance for our age group
  10. Investopedia - Helps with the basics

    Reddit: (Search Top Posts All Time)



u/jerschneid · 3 pointsr/portfolios

Cool, well your learning attitude will serve you well!

As a bit more of an overview, the VT ETF contains 8,116 stocks. That means when you buy that, essentially every working stiff on the face of the planet from the janitors to the CEOs is working to make you rich. You collect value in terms of profits coming back to you in dividends as well as gain in value of the stocks.

You feel passionately about weed stocks, but what if oil has an amazing next five years. What about health care? What about autonomous driving cars? What about energy? What about technology? With VT you own all of it, including the up and coming ones you didn't even know about or predict.

And don't trade or try to time the market. Just buy and hold. Take a look at this portfolio growth calculator. VT will grow about 10%/year over time. Your gains can be massive if you can sock away a little more every month.

And read this book. It's $3 on kindle, $7 on paperback, 100 pages and it will make you a millionaire.

u/InfectedUvula · 3 pointsr/investing_discussion

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Now, I am not going to give you specific tips on investing in financial markets. It’s like telling a 6-year-old; “I see you learned to ride a bike, let’s go see what you can do in an Apache Helicopter.” It might be fun to watch but it really is not a good plan and anything the kid may learn would be lost on him as it crashes to the ground.

You heard the familiar adage about “Give a man fish, you feed him for a day, teach a man to fish…..yadda yadda” Instead I will list a few resources that will make your journey an educational, well informed and hopefully, very profitable one:

Step 1: (estimated time to master:2-3 days of intense reading)

First get an entry level book… you know the type, it breaks stuff down so simply, it is almost insulting…yea that type! Check your library, as although these books are fantastic for the very low level learning, once you master it, you might not refer back to this one too often,
Something like this (not a shill for any author or publisher):

Sure, it may be a bit dry and parts will seem numbingly simple but I guarantee you will learn a few new things, enhance your understanding of things you already know and begin building the most solid foundation you can. Like most things in life, the foundation will determine if your future efforts are sound or just primed for unforeseen disaster.

Step 1a: (estimated time to master:1-2 hours to learn, years of pounding it into your head)

Be able to define and clearly understand the concept of “Compound interest/growth.” I cringe at the number of people who fail to fully grasp this concept and the impact it can have your life and on the value of your portfolio. Study this concept like your life depends on it. Embrace it, love it, make it your bitch. This is the one and true monolith that stands taller than all others when it comes to taking a proper long term view of your investments. It is Wonka’s Golden Ticket. Once you think you are a Comp-Int ninja, learn it some more. Never lose sight of the goal and the primary mechanism that is going to get you to the promised land. Oh, and just to make sure you are beating this concept into your head, learn the meaning of “temporal dissonance” and how it relates to so many others failing to properly reach their goals. 30 years from now, you will thank me.

Step 2. (estimated time to master:1-2 weeks with additional web research to clarify questions and concepts)

Get another book or ten. One is good to start and should be directed more towards understanding actual beginner investment in stock markets.


or find one YOU like…I am not a damn librarian.

When you are finished with this step you should be rather comfortable with most basic stock investing terms. Words like Equity, ETF, Mutual Funds, Preferred stock, Long, short will become part of your conversations at happy hour, chicks will dig you and guys will want to be like you. (I’m sorry, I just assumed your gender and orientation, please reverse that last phrase if it better suits your lifestyle). You will dream of S&P gains and have nightmares about the words: bear, correction and SEC investigation. In other words, you are now shaping up as a solid investor with years of prosperity in front of you. Alas, you are not there yet grasshopper…


u/drysalami · 1 pointr/personalfinance

Hi baldeagle1776! I'm going to throw out my meager recommendation in hopes of drawing out better ones from other people :)

Personally, I think this subreddit's FAQ section is a fantastic place to start - it's one of the best "overviews" of PF information I've seen anywhere.

Not sure if you're looking for introductory books or a deeper dive into topics, but my only other recommendation is "A Beginner's Guide to Investing" by Alex Frey.

And I'm eagerly awaiting other people's recommendations here :)

u/ThuFugitiveMind · 1 pointr/personalfinance

If you already don't have debt, I recommend Beginners Guide to Investing. The philosophy is, spending 4-5 hours a year is all you need to invest well. Short quick read.

u/Gmcgator · 1 pointr/StockMarket

I have etrade. If they were added by the company then there shouldn't be transaction fees. A brokerage account at etrade charges 7.95 per trade. If you do more than 30 trades a quarter then they'll drop that to 4.95. With that little in the account right now, 7.95 is a lot and will eat away at your money quick if you get into trading too much.
Someone else mentioned taxes, which will also erode your money if you sell before a year and a day. Long term capital gains mean you pay less in taxes on the money you make.
Now to the important part - this is your first stock experience, and you can get AAPL regularly at a 15% discount at a time when it's trading at a discount -- Do nothing, seriously. Lose your password and keep contributing to that purchase program. When you get about 5-10k in there, sure, diversify by adding a few good stocks or maybe an index fund.
You've got a great company at a great price; all you should be thinking about is buying more. Apple stock rewards the patient. Look back in a year or two and you'd kick yourself for selling in the 160s.
I've owned shares since about mid 2017. My first purchase of 30 shares was not even at as good a price as you got, i was in the 150's. Then it ran up to 225 or so last year, I sold half my position and took some profits up about 45%. It dropped in q4, so I stocked back up to just over 50 shares, again in the 150's. This is a stock that will come in and out of favor. But low, wait a year or two, sell high, repeat.
Finally here's a great entry level book on investing. Its short, cheap and has solid advice.
sorry for such a long post, but you've got a good opportunity here and it sounds like you just need a little knowledge & patience. Good luck!