jd_ Posted January 17, 2018 Report Share Posted January 17, 2018 Does anyone have any recommended books for starters? I won't have much to start with, but thinking of taking $500 from tax returns to start investing some. Other than my 401k, I don't have anything going on, and I just selected some pre-set options, so I'm not actually telling it where to go. It's doing well enough, so I don't want to mess with it. I'm just looking to get a little more informed and see how a few very small investments go. If you have any recommended readings or tips for a beginner, I'd appreciate it. Also, what would be the best place to sign up for that has lowest fees and best for someone without much money to invest. Thanks in advance. Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 17, 2018 Report Share Posted January 17, 2018 You can do your own search for co's, but you shouldn't pay more than 9.95 to trade, and can easily find places for $5 -6. $500 aint gonna cut it however, Assuming you've maxed out your 401k(meaning you're getting the max co match), i'd take that $500 and put it in a mutual fund. Keep in mind too, now is prob not the time to jump into the market, it's sky high and way overdue for a correction. Quote Link to comment Share on other sites More sharing options...
jd_ Posted January 17, 2018 Author Report Share Posted January 17, 2018 You can do your own search for co's, but you shouldn't pay more than 9.95 to trade, and can easily find places for $5 -6. $500 aint gonna cut it however, Assuming you've maxed out your 401k(meaning you're getting the max co match), i'd take that $500 and put it in a mutual fund. Yes, I do the full company match. I know $500 isn't going to do anything, I just wanted to really learn more about the market and all that and if I made a few bucks in the meantime, fine. In a couple of years, I hope to be in a little better shape to have more money to invest. By then, I'd just like to be more informed and able to make smart investments. Quote Link to comment Share on other sites More sharing options...
jd_ Posted January 17, 2018 Author Report Share Posted January 17, 2018 I was wondering if there was a "go-to" or recommended reading to help get a better idea of everything. Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 17, 2018 Report Share Posted January 17, 2018 Yes, I do the full company match. I know $500 isn't going to do anything, I just wanted to really learn more about the market and all that and if I made a few bucks in the meantime, fine. In a couple of years, I hope to be in a little better shape to have more money to invest. By then, I'd just like to be more informed and able to make smart investments. Ok, but what I'm saying is that generally speaking the fee's to trade mean nothing, but for you it would be huge, if you bought and sold, a $20 trading fee would be 4% of your money. Quote Link to comment Share on other sites More sharing options...
zzmocashzz Posted January 17, 2018 Report Share Posted January 17, 2018 Investopedia has good info, TD Ameritrade has videos webcasts and educational material. Also khan academy has free courses in personal finance Quote Link to comment Share on other sites More sharing options...
IAG Posted January 17, 2018 Report Share Posted January 17, 2018 You can do your own search for co's, but you shouldn't pay more than 9.95 to trade, and can easily find places for $5 -6. $500 aint gonna cut it however, Assuming you've maxed out your 401k(meaning you're getting the max co match), i'd take that $500 and put it in a mutual fund. Keep in mind too, now is prob not the time to jump into the market, it's sky high and way overdue for a correction.That’s what I was told when BTC was at 1800. Just sayin. Time value of money. JD is young. Good thread JD. Ironically. I park a lot of money in cash because I didn’t want to get in the stock market because it was “too risky.” Ha! Then I got into crypto and all bets were off.... it’s funny because I generally have a very high risk tolerance, but had bad experience with stock market years ago and gun shy now. But now I want to take some of that crypto profit and put it into something a little more traditional. Look forward To some solid contributions froom those versed in that arena. Quote Link to comment Share on other sites More sharing options...
IAG Posted January 17, 2018 Report Share Posted January 17, 2018 I was wondering if there was a "go-to" or recommended reading to help get a better idea of everything. There are books like “stock market for dummies,” “investing for dummies.” That sort of thing. I have a couple around here but they are way too outdated to be helpful Quote Link to comment Share on other sites More sharing options...
jd_ Posted January 17, 2018 Author Report Share Posted January 17, 2018 Ok, but what I'm saying is that generally speaking the fee's to trade mean nothing, but for you it would be huge, if you bought and sold, a $20 trading fee would be 4% of your money. Investopedia has good info, TD Ameritrade has videos webcasts and educational material. Also khan academy has free courses in personal finance That’s what I was told when BTC was at 1800. Just sayin. Time value of money. JD is young. Good thread JD. Ironically. I park a lot of money in cash because I didn’t want to get in the stock market because it was “too risky.” Ha! Then I got into crypto and all bets were off.... it’s funny because I generally have a very high risk tolerance, but had bad experience with stock market years ago and gun shy now. But now I want to take some of that crypto profit and put it into something a little more traditional. Look forward To some solid contributions froom those versed in that arena. Thanks all. I just want to learn more about things and hopefully be able to invest in a smart way a few years down the road should I be able to get some money back to do so. Quote Link to comment Share on other sites More sharing options...
Fazzer Posted January 17, 2018 Report Share Posted January 17, 2018 first 10k in index fund covering broad market. if you have 20 years for a 401k - just put money in....and repeat for 20 years. slow, and steady wins the race. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted January 17, 2018 Report Share Posted January 17, 2018 in simplest terms, stocks trade at multiples of earnings. so if i was going to make $1/share every year from now until eternity, you would give me about $20 for that stream (5%/year or so)... which is a 20 p/e ratio... the higher the number, the more expensive the stock based on earnings. usually the higher the growth, the higher the p/e. since interest rates are low, that makes stock multiples (p/e or price/earnings ratio) high because the alternative is taking 2.5% in a 10-year treasury bond. if interest rates were 10% then nobody would pay 20 years worth of earnings for a company unless they were growing like gangbusters. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted January 17, 2018 Report Share Posted January 17, 2018 I use Scott Trade, $7.99 for online trades. The Motley Fool website is very good for investing information as is BankRate.com. Quote Link to comment Share on other sites More sharing options...
Dingo Posted January 17, 2018 Report Share Posted January 17, 2018 Putting it toward your mortgage is the best advice I could give youBut if you want to invest I buy banks and utilities something that is safe and pays a dividend Dollar cost averaging is a good way to start out buying stocks If you really like to gamble buy weed stocks there in a consolidation stage Quote Link to comment Share on other sites More sharing options...
RudyRuder Posted January 17, 2018 Report Share Posted January 17, 2018 only thing I like about them is that they keep my feet warm in the winter time otherwise pass Quote Link to comment Share on other sites More sharing options...
Colonel Lingus Posted January 18, 2018 Report Share Posted January 18, 2018 "The Intelligent Investor" by Benjamin Graham is a must read for anybody who wants to trade stocks Quote Link to comment Share on other sites More sharing options...
jd_ Posted January 18, 2018 Author Report Share Posted January 18, 2018 Thanks for the links and input to all. I'm mostly just wanting to learn and be informed on things. However, if things go well, I will sponsor the 2024 TGF Treehouse Contest. I ordered TJD's recommendation and another book that was recommended in an article I was reading. Opened a TD Ameritrade account with $100 to open just to see how it works and decide if I want to invest some tax money or just buy scratchers. Thanks again to all for the feedback. If nothing else, I'll at least be a little more educated on things. Quote Link to comment Share on other sites More sharing options...
Colonel Lingus Posted January 18, 2018 Report Share Posted January 18, 2018 let me know how you like the book JD been with AMTD for years, they are excellent they have a referral promo now where both people get 60 free trades but it is probably too late Quote Link to comment Share on other sites More sharing options...
Colonel Lingus Posted January 18, 2018 Report Share Posted January 18, 2018 Charles Schwab is another good brokerage, I use them both here is a $100 bonus for opening an account https://www.schwab.com/public/schwab/nn/refer-prospect.html Quote Link to comment Share on other sites More sharing options...
jd_ Posted January 18, 2018 Author Report Share Posted January 18, 2018 let me know how you like the book JD been with AMTD for years, they are excellent they have a referral promo now where both people get 60 free trades but it is probably too late If you want to PM me what is needed, I'll check with chat/support tomorrow and see if they will still do it. Quote Link to comment Share on other sites More sharing options...
Colonel Lingus Posted January 18, 2018 Report Share Posted January 18, 2018 If you want to PM me what is needed, I'll check with chat/support tomorrow and see if they will still do it. i looked at the fine print and you have to deposit minimum 3 dimes my daughter just did the schwab $100 bonus and it was painless - just fyi Quote Link to comment Share on other sites More sharing options...
jd_ Posted January 18, 2018 Author Report Share Posted January 18, 2018 i looked at the fine print and you have to deposit minimum 3 dimes my daughter just did the schwab $100 bonus and it was painless - just fyi Thanks. I'm actually using it now to sign up. Quote Link to comment Share on other sites More sharing options...
jd_ Posted January 18, 2018 Author Report Share Posted January 18, 2018 TJD, I used the link to schwab and signed up. It's pending the verification of my bank account trial deposits. I said up to 3 business days. I'll let you know when it's done. Thanks for the link. Quote Link to comment Share on other sites More sharing options...
Balco Posted January 18, 2018 Report Share Posted January 18, 2018 Thank Trump again today boys!!!Market over 26k Quote Link to comment Share on other sites More sharing options...
Balco Posted January 18, 2018 Report Share Posted January 18, 2018 Scottrade is the best. Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted January 18, 2018 Report Share Posted January 18, 2018 Tjd coming from the bushes to get those referral bonuses lol... Buy amazon. Fuckers are gonna take over the world Quote Link to comment Share on other sites More sharing options...
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