newbie needing help

funnyknife · #1 (**permalink**) 02-23-2010, 08:33 PM

hey! i am 19 years old and i am looking for some advice on investing. I was wondering if anyone could direct me to some literature and/or courses that could help me get informed in all of my options for investment. Like what would be the easiest way to invest. I am totally new to this stuff and do not know practically any lingo with investments. I am pretty good with budgeting but not investing. i would just like for my money to work for me while i am working as well. thanks

sapphirecapital · #2 (**permalink**) 02-24-2010, 01:40 AM

If you are good in budgeting write yourself a plan, determine what you want, why are you investing etc, are you prepared for risk or want low risk etc, principle questions, also look at how much money you want to invest, at your age its probably not that much, also ask yourself how much time to you want to invest every day and so on. These are first steps only

isralexba · #3 (**permalink**) 03-18-2010, 05:41 AM

invest in some good education - you can take a course or read the intelligent investor by Ben Graham (which is mandatory book in my opinion).

michael.smith · #4 (**permalink**) 04-28-2010, 08:26 PM

100% with isralexba about the book

aslater · #5 (**permalink**) 04-29-2010, 12:51 AM

I like Dave Ramsey's book "the total money makeover." Also he has a course called Financial Peace University.

sarenjo · #6 (**permalink**) 05-01-2010, 07:48 AM

1. The Intelligent Investor
2. Financial Shenanigans
3. The Psychology of Investing

Anything published by the CFA Institute

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