Word. I'm thinking of investing next year. Somethings I know so far:
Currently reading this:
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Recommended from Buffet:
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Also, read Warren Buffet annual letter. You might want to search around for that.
Go to seminars whenever you can.
First thing. Before investing, make sure you educated on the stock market. (Important) Diving in the market without knowing what you doing can cause you to lose money.
Key things to know before investing:
- Acknowledges that investing is not gambling.
- Positive attitude
- Have your house in order. Take care any debt or bills.
- Separate accounts. You don't want to mix your earnings with your stock account.
- Invest a minimum of a $1000 to get started.
- Take your time, you will get there.
Just the important shit. As a beginner, start with penny stock since they value $5 or something. Diversify your investments. Research. Yahoo is recommended to research companies. Example: Twitter:
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Try Robinhood app as a starter since there are no fees, but there is a limit on how many times you can invest I think.
"Buy low, sell high'