Before you commit your money, you need to answer the question, what kind of investor am I? Some investors want to take an active hand in managing their money's growth, and some prefer to “set it and forget it.” These resources all give you a birds-eye view of investing, so you can decide the path to take that works for you.
- Read — Investopedia: How to Start Investing in Stocks: A Beginner's Guide
This article offers a bird's eye view of common investment strategies.
- Watch — Everything You Need to Know About Finance and Investing in Under an Hour
This video sets a solid foundation for how you should view investing, as told by one of the most successful investors ever. Bill Ackman is one of the top investors in the world, and he's said that he's aiming to have “one of the greatest investment track records of all time.” But before he became one of the elite, he learned the basics of investing in his early 20s.
- Learn — Take Jason Leavitt's Free Masterclass in Trading Course
First, the essence of good trading is discussed with several examples from other fields, namely business, sports, and gambling, along with trading and investing. Then a discussion of where alpha comes from follows. Sector rotation and relative strength are at the heart of narrowing the universe of stocks to the best candidates. Building on previous lessons, the nuts, and bolts of market analysis and group strength is then taught. The index charts, breadth indicators, sector rankings, relative strength charts, among other topics are used to teach stock selection.
- Read — Start voraciously reading classic investing books
1. The Little Book That Still Beats the Market
2. Simple Steps to Create Your Intelligent Portfolio
3. The Intelligent Investor