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/biz/ - Business & Finance

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20603504 No.20603504 [Reply] [Original]

I know absolutely nothing about finance. I don't have a financial mind. I work as an architect and read history and philosophy books in my free time. The farthest I got in that mindset is studying early modern economic history and saving money. However I want to earn some extra income and start making investments. My plan is to learn as much as I possibly can about one specific industry (construction and development for me), one I already enjoy learning about, and trade options based on my daily readings. Stay out of everything else I do not have deep knowledge in(don't shill me coins). I'm not going to be chasing the next Facebook or whatever either
How dumb is this for a complete beginner? If it is, what's a better way to get started?

>> No.20603827

>>20603504
nice blogpost fag. back to plebbit with you

>> No.20603906
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20603906

>>20603504
dr;ns

>> No.20603933

>>20603504
Absolute state of this virgin post. You must go back.

>> No.20603964

>>20603504
>I am stupid
>I know how to save money though and have studied some history
>how do I make more money
>please only suggest shitty ways to slowly lose money, thank you

>> No.20603984

>>20603504
knowledge ≠ wealth. YOU could know a shitload about some specific area - say, electric car batteries, how to price vehicles, how to build them, etc. The market DGAF. It will just shower money on idiots like Musk anyway. If learning everything about construction etc is good for your day job, good for you. But don't expect to be able to easily leverage that to making money. The market can always be dumb, irrational or plain fucking retarded.

>> No.20603985

>>20603504
youtube is your friend
learn option strategies and how to read charts if you want to day trade

>> No.20604516

>>20603985
This.

Else, you'll be making 10% a year.