3 ms·
Most importantly, try not to pick winners. that's a fools errand. Trying to pick winner is fun tought and it's a great way to learn. I don't think that there
by nick__m 4y ago
Most importantly, try not to pick winners. that's a fools errand.
Trying to pick winner is fun tought and it's a great way to learn. I don't think that there is something wrong with having a few percentage (<10%) allocated to play the market like it's a casino.
But start with index and etf because if you start with individual stock you are already over 10% ;)
This series of articles https://www.investopedia.com/articles/basics/11/3-s-simple-investing.asp https://www.investopedia.com/articles/basics/11/3-s-simple-i... gives a good overview of how to start investing. However, it don't cover country specific things like taxes and 401k.
Edit: Disclaimer: I know probablay less than throw8383833jj about finance so This is NOT financial advise.
- imtringued 4y agoThe problem is that uncontrolled emotions can lead to far worse losses than you could possibly gain so most people should just keep their urges in check and follow a boring strategy.