Work and Money
Some Resources to Get You Started with Smart Investments
Thinking about making small investments but don’t know where to start? You’re not the only one. More than half of Americans don’t invest their money for various reasons. For many, it’s because they lack investing knowledge, are afraid of losing money, or simply don’t know they can start small.
Any financial adviser will tell you not to put all your eggs in one basket. In the same way, when you want to learn more about investments, you shouldn’t concentrate all your attention and efforts on one source of information. You want to rely on multiple resources to make sure you get the bigger picture and listen to various points of view before making any investment decision.
Here’s a list of resources with the basics in order to start making smarter decisions for the future.
If you are starting from scratch, you’ll need to cover the basics before acting on any financial advice you find online. Whenever you don’t understand a term or how an aspect of your financial life can influence your savings, Investopedia is a great place to look for answers.
It’s a collection of more than 36,000 articles that simplify complex financial information. They mix theory and practical examples to deliver complex concepts in ways that are easy to understand even when you don’t have experience in this niche.
YouTube can be an excellent resource when you need answers about investments and financial markets. Sure, not all channels are made equal, and you need to be careful whose advice you follow, but overall, this social network can become your go-to resource when you want to learn investing.
Many finance experts and personal financial planners use Twitter to share their knowledge and grow communities. You can take advantage of this trend to achieve financial literacy, keep up with the latest news, and stay on top of economic trends.
Keep an eye on the #FinTwit hashtag to get you started, then use Twitter Lists to create a list of publications and people whose advice you might be interested in. Twitter shouldn’t be your only source of information, but it can provide the insights you need to identify new topics to learn about.
Another social network where you can educate yourself about investing is Reddit. Like any other social media platform, you must pay attention to who is giving advice and what they choose to share with their peers.
You want to vet each account you follow to make sure you use accurate information to make decisions. Furthermore, you should avoid anonymous accounts and people who would say anything to get engagement.
If you prefer learning from books, Investopedia has a helpful list to get you started. Among the titles recommended for beginners, you’ll find The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books, Big Profits) by John C. Bogle, A Beginner's Guide to the Stock Market by Matthew R. Kratter, and Thinking, Fast and Slow by Daniel Kahneman.
Another easy way to learn about investing is by having valuable content and the latest news delivered right to your inbox. Newsletters are good resources because they give information in small chunks and act as a gatekeeper, providing only the most critical facts and data.
Some newsletters are free, but if you want curated content delivered from experts, you might have to pay a fee for your subscription. You can start with some newsletters from Lyn Alden, Kiplinger, Stansberry Research, Morning Brew, and Forbes.
If you’re always on the run and can’t find time for reading or watching videos, podcasts are an excellent alternative for learning how to invest your money. You can start with For Your Innovation Podcast by ARK Invest, Unchained Podcast by Laura Shin, HerMoney with Jean Chatzky, and Girls that Invest by Simran & Sonya.
Not all resources are equal and you don’t need to dedicate all your free time to learn investing. Start small with one newsletter and one YouTube channel or podcast, and slowly build your library of resources. This way, you can get answers and become more confident in making the right decisions about your money and future.