Basic Investing Knowledge
Basic Investing Knowledge
The Basics about Investing: Investing 101: A Complete Guide to Investing Basics – NerdWallet
- Best Sites for Investment Beginners:11 Best Online Stock Brokers for Beginners of January 2024 – NerdWallet
- Robo Advisors – 12 Best Robo-Advisors of January 2024 – NerdWallet
- My Favorite Investment Site and One I Use –Fidelity Investments
- Should I use a Financial Advisor? The Shocking Truth About Professional Financial Advice (thecollegeinvestor.com), Do I need a financial advisor: Is it worth it? | CNN Underscored Money
- What is Financial Freedom? 5 Steps to Financial Freedom | Hawaii State FCU
Cryptocurrency: Cryptocurrency Explained With Pros and Cons for Investment (investopedia.com)
“If you like spending six to eight hours per week working on investments, do it. If you don’t, then dollar-cost average into index funds.”
- The sooner you start, the better
- Live on less than you make
More than 50% of all americans have No Financial Plan
Roughly 27% of Americans have no emergency savings
Investing for the Long-Term: the Power of Long-Term Growth [taxes are not considered in these models]:
- Investing $1,000 for 20 years growing at 8% - $52,238
- Investing $5,000 for 20 years growing at 8% - $261,190
Try Your Own Scenario - Compounding Calculator: Compound Interest Calculator | Investor.gov
The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do—if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit. - Charlie Munger
