General Question

deusexmachina's avatar

Where can I learn how to invest intelligently?

Asked by deusexmachina (170points) January 18th, 2009

Weirdly the “financial crisis” has gotten me really interested in investment. I have an educational IRA my dad started for me (which should roll over), so I guess I want to learn some of the basics.

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11 Answers

kelly's avatar

First DO NOT listen to the talking heads on the cable and TV. Go to a newsstand and buy a copy of Kiplinger or Money magazine. These are written by experts and generally explain the various topics of investing and finance. Good basic info.

Mtl_zack's avatar

Think of money this way: If you get paid 8.50 an hour, and you spend 50 dollars, you have to work 5 hours to regain that money.

Also, every thousand dollars you earn, get a GIC. The thousand will be locked in, so the temptation to spend it will be gone, and your money will grow.

lataylor's avatar

Wall Street Journal is a great source. I use it. I hear Money magazine is good too.

googlybear's avatar

Stay away from guys with Madoff as their last name…Seriously, don’t invest your money until you’ve completely understood what you are investing in and are aware of the risks involved. The Motley Fool at might help give you some insight and has some very insightful articles.

ortise's avatar

Keep that wonderful gift from your father. Advice? Buy “high”...I’m unsure it matters.
Pardon my cynicism.

DrBill's avatar

practice, decide what you want to invest in, then without using money, invest on paper. then track your progress.

Do this several times, then when your ready go for it. Remember to only invest what you can afford to loose.

Snoopy's avatar

If you are needing to start w/ the very basics, get one of the Dummies books (Investing for Dummies or Finance for Dummies). The WSJ and some of the investor websites can be a little overwhelming if you don’t even understand the basic lingo….

TaoSan's avatar

Been preaching it forever, finally it resonates :)

Count me in on the Been with the Gardners for 2 years now, dodged most of the current disasters, thanks to them.

For basic learning, stick with the free content, when you’re ready to invest, get some of the main paid subscriptions.

Only downside, too much offerings of special portfolio subscription this, special program that. Their marketing of constant add-ons can get a bit annoying. Other than that it is currently probably the best source to educate yourself there is (IMHO).

lawdaddy's avatar has a stock simulator.

fino534's avatar

Many companies offer free investment adviser services that come with a sales pitch I.E. Northwestern Mutual or Ameriprise. Working with one of them can really help you get your act together and set a clear focus for investment goal going forward. What are your goals and objectives?

A decent place to start if you have a job is a 401k up to the company match, then roth IRA until the max 5000 contribution, followed up by more into the 401k

I target 15% savings at all times and sock that away via standing money transfers to my Roth account

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