I really want to expand my knowledge to trade successfully. Please help.
I really want to expand my knowledge to trade successfully. Please help.
I really want to expand my knowledge to trade successfully. Please help.
The 28/36 rule is a good starting point for anyone. I would aim to save 25 percent of my gross income annually if starting young for retirement. Once your first purchases are paid off put the money in etf and pay cash for everything going forward.Recommend google search bogelheads forum. Go to start here on the left hand side. That's where I started learning about investing.
Step 1) If you are young in your 20s with very little investing knowledge, you cannot go wrong by putting all your money in VANGUARD TOTAL STOCK MARKET INDEX FUND and stay the course.
Step 2) Spend the next decade or so reading up on investing and planning for retirement. Then you will be ready to rebalance, tax loss harvest, and add some bells and whistle to your portfolio etc...
Thank you for your replies. They are really helpful. But is investment in stock market is better than a mutual funds?
I put as much into retirement accounts as possible each year. The money goes into low cost mutual funds.
I also invest in some individual stocks after thorough individual research in non-retirement accounts. I enjoy it. I generally can beat the market yearly by a fair amount, but I recognize that this is much higher risk and 1 bad choice can ruin it all. I’m ok with the risk.
My biggest play right now is EGY (Vaalco). It is an oil company in the Brent market with no debt and quarterly cash flow trading at a below average P/E. I usually buy healthcare related stocks, but this has good fundamentals. Only time can say whether this will work out.
Vanguard is good, but has few advantages over Fidelity or Schwab. The main one I can think of is the ownership structure (the funds own vanguard, there's no profit motive). OTOH, Fidelity at this point has the lowest expense ratios of any of them and has much better customer service in general.Just wanted to add that I cannot stress enough the quality of mutual fund/ ETF/ company.
Default should always be Vanguard, some may disagree with me.
Index investing is boring but effective.
any good resources/advice for weighing long-term investing on index funds vs. investing the same amount into the real estate market?
O'Shaughnessy: "Fidelity had done a study as to which accounts had done the best at Fidelity. And what they found was..."
Ritholtz: "They were dead."
Why the dead outperform the living