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Every time i read these threads i feel criminally incompetent in finance. You would think that putting your money to work for you would be incentive enough to
by jcims 7y ago
Every time i read these threads i feel criminally incompetent in finance. You would think that putting your money to work for you would be incentive enough to dig deep, but i don’t seem to have the mental stamina to figure it all out. There’s probably a latent fear that I’ll also realize just how much money i haven’t made and regret that too.
I need a course or something that i can walk into with $20k or whatever and do all the things. Self-directed education doesn’t seem to help and Edward Jones just wants to sell me their shit.
- thekingofh 7y agoThe game wasn't designed for you and me. It was designed for the ones that can take advantage of it with massive amounts of cash, connections, and staff to exploit it for them. Bet on the companies to figure it out for themselves and just stick to index funds over the long haul. That way at least you're not playing a game that was designed to take your money.
- 0x262d 7y agothis is good advice but also ordinary people should be able to understand why the economy is breaking. most economists treat it as a mystical thing only they can divine the meaning of, so it can be pretty hard to find clearly written stuff for lay people.
- rwmurrayVT 7y agoI'm sure there are many courses available at your local convention center where they'll be happy to tell you what to do with your $20k!
- scresswell 7y agoI was in a similar position. The following helped. https://www.amazon.co.uk/Millionaire-Teacher-Wealth-Should-Learned-ebook/dp/B01NADAJ3X https://www.amazon.co.uk/Millionaire-Teacher-Wealth-Should-L... https://canadiancouchpotato.com/ https://canadiancouchpotato.com/
- sigstoat 7y agobogleheads. https://www.bogleheads.org/wiki/Main_Page https://www.bogleheads.org/wiki/Main_Page not flawless, but way better than anything else you're going to get without effort.