Everytime I sit down hoping I'm ready to make the plunge and put money into an investment, I end up having more questions than answers (if any answers at all).
I went through the beginning of this tutorial, but felt kind of overwhelmed with all the reading and wanted to just start. But when I go online and go through a simpler guide, I end up going through a rabbit hole: tax-loss harvesting leads to ETFS which leads to index funds, and I feel like there's no foundation to pick things off of.
Is the simplest thing to do to just bear through the sotck tutorial or read a book? Or is there a simple to follow beginner guide that can at least give me the headspace of knowing I can make an investment that's not totally stupid.
My investment strategy at the moment is basically a two headed snake: some of my investment money is gonna go to 'safe' stocks that go to mutual funds, etfs, or roboadvisors (low risk low reward stocks). And then after enough studying and research I'm gonna try to hand pick a high risk high reward portfolio, maybe using somehting like robinhood. And of course I don't expect to get a single penny back from all these investments.
What do you guys suggest I do to just put a dollar down? I feel as if there's so much information coming from a bunch of different angles that it's hard to create foundational picture of how to make the smartest investments I can. Everyone I ask gives me different advice (either yes or no to roboadvisors, lazy portfolios, etc.) that I just want to sit down, use the pareto principle to get the best information I can for the least amount of time, and start my investing journey from there.
Thanks in advance!
Submitted July 07, 2018 at 07:01PM by KingShindo https://ift.tt/2zq8ATw
