you are 24..
you should take risk.
Xiaomi 1810...
you are 24..
you should take risk.
Xiaomi 1810...
Last edited by nivek2046; 23-12-2020 at 11:06 PM.
Read Rich Dad, Poor Dad. Learn things which are ethical and stay away from anything dodgy....
https://www.businessinsider.com/pers...ruptcy-2012-10
Play the piano by reading all the books first? Seems a weird idea.
To the OP, the stock market is not quite the same as the Mark6 Lottery, but some would have you think so. You can control risk/reward to a great extent. And those 2 notions of risk and reward, also known as fear and greed, play in every investors hand.
Sure, there are many subtle, even obscure, factors in the world of finance and investing but if you KISS (Keep It Simple Stupid) then you can/might find rewards.
I'm a novice but can recommend this website, run by devotees of John Bogle, inventor the first index fund and founder of the Vanguard Group, a giant investing firm. Bogleheads, those who follow Bogle's plan, avoid single stocks and focus only on big broad market funds, both mutual funds and ETFs and LONG TIME NO TOUCH. Simple me, i view the game as a either a big ocean liner or fast speedboat. One much safer but slower and hard to move off course, the other much faster offering lots of 'fun' in a hurry but prone to disaster. The same with big funds like VOO, SPY, QQQ,etc, compared to TSLA, APPL, and ZOOM, etc.
On the Bogleheads forum you can ask any Q on investing and be offered highly pertinent opinion by knowledgeable folks. Lots to read there too.
https://www.bogleheads.org/forum/vie...49f7d3dbc18f52
Read some books on investments within 4 months and make your own notes:
https://www.thebalance.com/best-book...esting-4155082Rich Dad Poor Dad (1997) by Robert Kiyosaki. Buy on Amazon. The Essays of Warren Buffett: Lessons for Corporate America (1997) by Warren Buffett. Buy on Amazon. Beating the Street (1993) by Peter Lynch. Buy on Amazon. The Intelligent Investor (1949) by Benjamin Graham. Buy on Amazon. Think and Grow Rich (1937)
Upon completion, buy a few stocks for a few months
Study for CFA/CIIA Level 1...
Buy/sell another round of stocks for a few months.
Study for CFA/CIIA Level 2.
Buy/sell another round of stocks for a few months.
Study for CFA Level 3
keep buying/selling stocks.....
Study for FRM...
At age 24, other than being committed to an occupational pension, I would be saving up for a mortgage, spending on travel and enhancing qualifications. Slow saving would not be the focus, but up to you.......
+1
And for anyone who thinks Rich Dad, Poor Dad is good advice:
https://johntreed.com/blogs/john-t-r...oor-dad-part-1