[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 59 KB, 741x741, swagcat.jpg [View same] [iqdb] [saucenao] [google]
24100314 No.24100314 [Reply] [Original]

Trying to get into investing and such. I'm trying to start with stock market simulators, but I just don't understand anything. Whenever I try to look for advice online it's really vague and it seems like there are a whole bunch of different things I have to get the hang of. Are there not any good books on understanding the basics? And by that I mean really basic, fundamental shit. I am a retard when it comes to economics.

>> No.24100346
File: 66 KB, 672x960, 1605816281364.jpg [View same] [iqdb] [saucenao] [google]
24100346

>>24100314
All on red

>> No.24100363

>>24100314
all in yfi

>> No.24100373

>>24100314
Dan of Capital by Mark Spitznagel
Incerto by Taleb

You now have mental models to understand money and investinf

>> No.24100527

>>24100314
Buy when things are low, sell when they are high again.

>> No.24100531

>>24100346
>>24100363
?
>>24100373
Thank you for the recommendations but all I'm really looking for is a cursory guide.

>> No.24100583

>>24100314
You can beat the market by aggressive risk management and use of leverage alone. Trying to time the direction and magnitude of a market swing is a fools errand.

RISK MANAGEMENT
RISK MANAGEMENT
RISK MANAGEMENT

>> No.24100664
File: 106 KB, 768x1024, 1548106413951.jpg [View same] [iqdb] [saucenao] [google]
24100664

>>24100314
Go to the /smg/ thread and read some of the stuff in the sticky. There are also YouTube videos available. First you need a brokerage, Robinhood is common for beginners. Then once you link your bank account and deposit some money, you can pick stocks. How you pick those stocks is up to your own discretion, and generally it isnt wise to trade/invest based off other people's advice. Having said that, common wisdom is, if you're in it for the long haul, investing a good amount into an S&P 500 ETF/Index Fund (look it up), like SPY or VOO, is a good idea. Historically these stocks increase in value by about 7% per year. After that though, your strategy is really all up to you,. There are millions of diffrent methodologies and stuff you could employ depending on a bunch of different factors, one of the most notable being risk.

>> No.24100803

>>24100664
I meant the OP not the sticky, forgive my retardation. I am very sleepy.

>> No.24100923

>>24100664
not op but robinhood vs tradng 212 which is better? im using the trading 212 practice account to get my bearings and it seems pretty straightforward and intuitive so far. also im in the uk if that makes any difference

>> No.24101055

>>24100664
Thank you anon but as I said I am very new to this and I can't even grasp a stock market simulator. Do you have any good book recommendations that give some basic insight?

>> No.24101420

bump

>> No.24102124

>>24100314
TD ameritrade has and education tab and the customer service can help you find all sorts of shit education wise

>> No.24102145

>>24100531
DO NOT QUESTION NORMAN JUST DO

>> No.24102238

>>24102124
Also investopedia it's a fantastic wiki of investment terminology

>> No.24102823

>>24100314
Start slow. If you go red, either stop at 5% or hodl and DCA.

Look into oracles like DIA that are on a -75% discount and wait a year.