Hey guys, my brother and I have been thinking about investing. Collectively we have $15,000 saved, we joke and call it a fund lmao. The one thing we struggle most with is due diligence.
We have no clear cut strategy, other than a consumer based strategy. We want to put money into what we buy and use: Groupon, AMD, Amazon, Walmart, Homedepot etc. But we want to be able to do more than that. The problem is we suck at Due diligence lmao. We’ve watched a ton of Warren Buffet, William Gates videos, Timothy Sykes, as well as some others , don’t remember the names. Our plan is to put 55% into stocks, 30% into ETFs, and the remaining 15% as cash for speculative movements (or play in penny land).
Basically my question to reddit is, how do we go about improving our due diligence? What books or youtube videos best explain the due diligence process? What determines a good investment for you guys? How can we better understand the accounting lingo?
I would love to learn from you all.
Submitted October 06, 2017 at 01:06PM by FatboyPhresh http://ift.tt/2xY3Rqk
