Picking individual stocks may be fun and exciting, but it usually generates a much lower return than simply investing in low-cost, index mutual funds.Read More
A short list (and overview) of some favorite investing books:
- Elements of Investing
- Common Sense Investing
- Winning the Loser's Game
In this final note of the series, I’ll explain an effective, but simple, way to begin investing. Here are the steps we’ll take:
- Open an online brokerage account
- Link your checking account to the brokerage account
- Set up an automatic monthly transfer of a fixed amount to your brokerage account
- Set up automated recurring investment into just one or two mutual funds
The stock market continually moves up and down in value, sometimes significantly and rapidly. No one, despite what they may say, can consistently and accurately predict stock market movement.Read More
Most millionaires in the U.S. are everyday people who followed simple guidelines for saving, spending, and investing. They accumulated their wealth rather than inheriting it. You can follow in their footsteps if you will do three things.Read More
Before you begin investing, you must be able to answer three questions:
- How much time do you want to spend monitoring investments?
- When will you need the money?
- How much risk can you live with?
Before you invest anything at all, there are two pre-investing steps I strongly encourage you to take.Read More