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The first thing to understand is that in your first 5-10 years of investing, you will do worse, probably much worse, than simply investing in a broad index. In
by Grustaf 5y ago
The first thing to understand is that in your first 5-10 years of investing, you will do worse, probably much worse, than simply investing in a broad index.
Investing, seen as a skill, is pretty unique in being in that you need to become better than most of the others for it to even make sense. You don't need to be better than the median plumber to make good money as a plumber for example.
So if you just want to "learn about investing" in order to make money, I would not bother, unless you want to make this your full time job for the next decade or so.
But every one should learn about economics and the financial system, regardless. I would recommend introductory courses from The Teaching Company/Great Courses. Or indeed a mooc like Coursera, they have some excellent material, not sure why you want to avoid that.
- DeathArrow 5y agoThanks! I do not want to avoid MOOC, it's just that I haven't seen there the kind of stuff I am after. I also consider buying an index as investing, maybe it is a good stating point. I do believe I will make mistakes and I want to avoid the huge ones. Doing some learning will at least help avoid going only on the gut instinct and what I read in the press. I don't plan to make a job from it but I want to get at a better level of understanding the markets and their mechanism than I am now which is zero.
- deleted 5y ago[deleted]