Getting into investing

[Anonymous No.18851655]

I would like to invest money but I have no idea where to start. What are some essential books that helps you start?
>inb4 /biz/
They told me to come here.

[Anonymous No.18851686]

>>18851655
Benjamin Graham's 'intelligent investor' is a classic starter, never read it just know that it's a classic and considered good for value-investing. Or his 'asset analysis' or something like that too.

[Anonymous No.18851687]

Just put your money in a globally diversified index fund. Don't waste time trying to pick good socks, and don't ever try to time the market.

[Anonymous No.18851755]

Go to Adam Khoo's youtube channel. His free content is better than any book on investing i've seen.

Also check out Sven Carlin's channel.

[Anonymous No.18851946]

Antifragile

[Anonymous No.18852639]

>>18851655
Start with the Greeks

[Anonymous No.18852654]

>>18851655
invest into agricultural land and machinery, DO NOT INVEST OR TRADE WITH ANYTHING BACKED BY BANKS (FIAT) OR GOVERNMENTS (CRYPTO SERVERS ARE 90% IN CHINA), the more useful physical stuff you own (which can be used as agricultural capital, namely tools and machinery) and the bigger your family is the better off will your legacy be

[Anonymous No.18852655]

>>18851655
Griffin's Jekyll Island

[Anonymous No.18852660]

>>18852654
yes crypto will go bankrupt in the face of the central banks digital currency.

[Anonymous No.18852687]

>>18852654
yes central bank digital currency will reign in absolute control for central bankers
yes central bankers will be able to determine what you can or cannot purchase dependant on your carbon credit score
yes carbon credit score will exist within ten to fifteen years
yes we are in the midst of a civilizational uprooting for this new centralized system
yes the only answer is to purchase physical items and to invest in the people within your local communities

[Anonymous No.18852692]

>>18851655
just do the opposite of whatever /biz/ says and you'll be rich

[Anonymous No.18852710]

>>18851686
Good for the start, can't hurt.

>>18851687
This will only give you around 6 - 12% a year, if you are fine with this then take this advice.

>>18851946
Won't be good for the start.

[Anonymous No.18852823]

>>18851655
>Update
Hi anon I saw your thread over at biz and came over here like they said hoping I'd see something new. I am sorry neither have been more helpful, the people at /biz/ are particularly anti-newfriend. What I do is I look through the catalog and archive at /biz/ every week or so for "lit" or "books" and over here at /lit/ for "finance" "crypto", etc. Generally there are a few anons with some suggestions who respond every so often. Thank you >>18851755 anon for suggesting those youtubers.

If you want typical, practical investing advice I'd recommend making an account at TD Ameritrade as they have a lot of free investing education just for registering. Even if you plan on using a more user-friendly interface like Robinhood, TDA has a lot of good materials. Investopedia is a good general reference if you have a specific question. I really like JL Collins' "The Simple Path to Wealth" which you can find for free via googling (its his blog in a book form) or buy it. Basically he says you can never beat the Vanguard market index (VTI or VOO) historically over time. It's basic, boomer advice but it works - my entire 401k is in VTI. I also enjoyed A Random Walk Down Wall Street which talks about a similar train of thought as Mr. Collins.

If you want to trade crypto you will want a crypto wallet, I like Trinity but there is a difference between "hot" and "cold" storage so look that up. You can trade certain coins on exchanges like Binance (in certain US states), Coinbase, and Robinhood. Robinhood is probably the most user friendly but has the most limited amount of coins (BTC, Ethereum, and DOGE last I checked). If you want to trade more coins, look into MetaMask (a browser plugin for your active wallet) and UniSwap for a decentralized exchange. On Uniswap you will have to pay "gas" for the transaction which fluctuates wildly and can be high. On an exchange you will pay a flat exchange rate based on what you're buying. I know nothing about crypto fundamentals other than to avoid most of the coins shilled on /biz/ and that each coin has a value proposition that allegedly makes it useful to a certain userbase. None of it makes much sense to me but I hope it is useful for you.

[Anonymous No.18852856]

Honestly any microeconomics textbook you can find is going to be outmoded on arrival. We are rapidly entering the era of dumb money and crypto is poised to shake up the entire world financial system.
You'd be better off unironically just jumping on the bandwagon of the top crypto movements and meme stocks and riding the rollercoaster than trying to learn last century's economic system and missing the entire carnival.
Will it be optimal? No. Is it high risk? Potentially if you can't resist the urge to YOLO. But you're going to completely lose whatever time you spend learning stock analysis and dollar-cost averaging strategies.

[Anonymous No.18852864]

>>18852710
Intelligent Investor is relatively out of date but its good to pick up basic stock terminology and safe investment practices. Or just use Investopedia and Youtube - the info in Intelligent Investor is so foundational its regurgitated by every single financial education source.

[Anonymous No.18853076]

>>18851655
should have put 400k into doge years ago, sucker

[Anonymous No.18853083]

>>18851655
Bitcoin Standard by Falafel Ackbar
Knowledge and Decisions by Thomas Sowell

[Anonymous No.18853089]

>>18851687
Based.
If youre not in telecoms and in rich social circles capable of influence you're not going to "time" the market

[Anonymous No.18853111]

>>18851686
>The Intelligent Investor
Is there a condensed list of the finance-specific lessons in that book somewhere that some anon could point me to? I tried to read it but there seemed only to be a market-specific piece of knowledge spread out across 20 pages of telling me things about mindset I already knew (such as, "by intelligent, he doesn't mean that said investor necessarily has an abundance of intellect") and it got boring really fast.

[Anonymous No.18853141]

if you're talking about investing i take it you mean stocks, so while this isnt a literature recommendation it's still useful
Buy commodities or stocks for companies on the commodity market, the obvious ones are oil&precious metals
Also as you might have noticed inflation is kicking off, so if you want to buy a car, either for yourself or to resell it later, do so now or never. With the car example prices have gone up like 42% just this year

[Anonymous No.18854307]

>>18851655
I work at a FinTech company and unless you want investing to take up every waling moment of your day then I would suggest the following:

Avoid:
>Crypto
>Forex
>Futures
>Margin trading
>Stocks (if you are looking only for trade gain)
>Selling options

Get into:
>Bonds
>STIFs
>Buying options
>Prepayers
>Money Market Funds
>Mutual Funds
>Stocks long-term (not for trade gain, but for dividends)

Basically, steady income is your fren and "winning big" or "making power plays" is your enemy.
>But I want to make money fast
Sure, but it's better to make money slowly than to lose a lot of money fast. You have been warned.

[Anonymous No.18854344]

>>18851655
the wiki
https://4chanbiz.fandom.com/wiki/The_/biz/_Books

[Anonymous No.18854357]

>>18851655
If there was a book that could teach anyone how to invest money it would be very expensive and you wouldn't be able to buy it, let alone pirate it, so i doubt a book like that actually exists.

[Sunny !r02sLb16Pc No.18854402]

>>18852710
>Only 12% a year
How deplorable

[Anonymous No.18854408]

3X Leveraged ETFs.

[Sunny !r02sLb16Pc No.18854435]

>>18851655
Buy 10k of bitcoin, daytrade for 1% gains, in two years you'll be completely secure. You're welcome

[Anonymous No.18855581]

i was a lit resident but in the past month i have given up on metaphysical polemics and gone to biz. to the opposite of what biz says though (mostly). once i make it i'll come back to lit

[Anonymous No.18855668]

>>18851655
the bogleheads' guide to investing is all you really need.

[Anonymous No.18856561]

Just buy HBAR and wait 5 - 10 years.

[Anonymous No.18856886]

>>18852655
This and avoid Greider's Secrets of the Temple. It's a long Soap Opera lacking any opinion or insight. Griffin's Creature of Jekyll Island is lucid, purposeful and wastes no space.

[Anonymous No.18856897]

>>18852856
You learn both with one easy book called the Bitcoin Standard. It describes the functions of money and the big ideas of econ.

[Anonymous No.18856925]

>>18854357
This defeatism ignores the great lessons and politic that can be gained. Thomas Sowell's definition of prices as knowledge and Milton Friedman's pencil supply chain talk and Friedrich Hayek's information problem of decisions are all examples of landmark discussions that shook the big house: the campus of The Federal Reserve. The Keynesians got shook. Secrets of the Temple would be a great audiobook to get you up to speed on this Academic Safari. It is hell to sit down and read though. All investing is the fight to use the few communications and exchanges left to preserve any saving of value and light that this guy doesn't dick down into the fecal swamps of mudblood.

[Anonymous No.18856932]

Human action - von Mises
The handicap principal - zahavi

Then buy BSV

[Anonymous No.18856933]

>>18851655
Unironically, look at Martin Shkreli's investing and finance videos on YouTube. He teaches how to make a model for a balance sheet and how to understand what businesses are talking about in press releases and quarterly reports (which he'll explain).
Other than that, take a look at what everyone else has been saying: Intelligent Investor, Common Stocks and Uncommon Profits, etc etc.

[Anonymous No.18856936]

>>18856897
Bitcoin Standard is a good audiobook too

[Anonymous No.18856943]

Triangle Investing by WSP

[Anonymous No.18856956]

>>18851655
good connections by have rich parents

[Anonymous No.18857148]

>>18852856
Bitcoin standard is a good book

[Anonymous No.18857824]

>>18851655
Warren buffet's book is good

[Anonymous No.18857854]

You only need 1 (one) book.

[Anonymous No.18857905]

>>18851655
90% goes to index ETFs/mutual funds 10% you can use for riskier plays. For the 10% you can just use normal stocks I use it for healthcare and banks stocks. Research lab Corp.

[Anonymous No.18858216]

>>18856561
Based Hashchad

[Anonymous No.18858746]

invest in Chainlink lol

[Anonymous No.18858835]

>>18857854
What's the tradeoff of learning ideological cultural sociopolitical vs technical readings?
>>18856925
I'm skeptical of anyone who extremely focuses on only one or the other. There has to be an optimal mix.

[Anonymous No.18858853]

>>18855581
Redpill me on bear markets and bear market investors

[Anonymous No.18859873]

>>18858853
bear markets are always temporary so you can buy solid stocks on sale while the overleveraged lose their shirt cashing out

[Anonymous No.18859900]

>>18851687
it's fine to gamble with individual stocks as long as you understand that you are, in fact, gambling