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I am at a point where I know nothing of finance and investing, but would like to get some general knowledge and even start my own portfolio. Can someone suggest presentations/short videos/short articles to watch& read to get a general idea of the topic? Preferably something at a "for dummies" level, using non-specialized language. Based on my research, it sounds like mutual funds are good path to go, if you want to balance risk and returns, but I don't know where to start.
Please suggest education materials on this topic. Thank you!
Investing is easy. A 3rd grader can do it. Decide how much risk you should take (based on such factors as your age) then buy, hold and rebalance stock and bond index funds like a total stock market index fund (I own VOO, which is actually an S&P 500 index fund) and a total bond market index fund (I own AGG). Stocks are risky. Bonds are slow and boring. Own them both to control risk. Index funds are passively managed, which makes them super low cost. All they do is seek to replicate an index. There's no "experts" attempting to pick and choose good investments nor are they trying to time the market. That's a good thing.
Jim Cramer's general bond / stock allocation ratio recommendation: Younger than 30 - No reason to own bonds In your 30's - 10% - 20% bonds In your 40's - 20% - 30% bonds In your 50's - 30% - 40% bonds 60 to retirement - 40% - 50% bonds
not investing for your future is the riskiest bet of all .
a penny saved is a penny earned but it will always stay a penny unless compounded on by your investing it .
nothing is guaranteed in life but you have to run with what gives you the highest odds .
you need to find a level of volatility you are comfortable with -period . turn off all the noise about how much you should have at any given age in any type of investment .
that is bull and results in folks bailing and losing money more often then not because they exceeded their own comfort level because of poor advice .
my opinion is commit a small amount to a balanced portfolio and see how you take to the market swings . as you know yourself more and more you can season to taste and add the rest of the money ,. ,.
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