What is the best way to begin learning about personal finance and investments?
It is a truly scary and daunting subject that I must learn about even though I don't like the subject matter much and basically have trouble understanding. Where do I start and to whom do I listen ? Everyone has an opinion but everyone also has their own agenda. I need to learn this from the bottom up and would like to learn it from an unbiased source. Any thoughts?
Public Comments
- Start with one of the "for Dummies books." it will be well organized and written in a non-scary fashion.
- Get involved and hands on. In order to learn faster and get a hang of it, open a trading account, read personal finance and investment journal more often. Choose an industry that you can understand better before you invest. Learn more about the industry trend, like oil and gas is different from technology stock. Hands on, do more research like an Investment Analyst as if you have a billion dollar to buy over a business and run it your self. Some investors even visit the factories, outlet and etc of the business that they plan to invest. Read Warren Buffet books, sign up a mock trading account to see how it works, understand the brokerage charges, understand the settlement rules and cycle. Reading financial stmt may not be enough, as many organizations are very creative in their accounting. Good Luck, and wish you prosper from your investment
