Tips and resources for investing over the long term
Monday, October 26, 2009, 5:29 AM | Leave Comment
In these hard times, if you want to invest your hard-earned money, you better start educating yourself about the subject.
You must be willing to put in some reading and understanding time, so that you are ready to invest perhaps in stocks, bonds, real estate.
You must understand the market and how to put together a portfolio of different investments that can deliver an acceptable balance of risk and reward.
You should be able to improve your chances of building real wealth over the long term. Those are the magic words – the long term investments.
There are various resources in the market that you can take advantage of and educate yourself and gain some knowledge of the subject matter. You can start searching in your favorite search engines and look for investing, personal finances, stocks, bonds, etc.
Websites about investing
Money 101 by CNN Money is a good place to start. It talks about a variety of topics some of which are
The last topic explains the art of combining different types of assets into a portfolio that can generate solid returns without taking outsize risks.
Besides CNN Money, you can sit in free classrooms at
- Morningstar’s Investing as well as that of the
- the American Association of Individual Investors.
Books about investing
These books would primarily teach you how to keep costs down,
build a balanced portfolio and avoid Wall Street’s frequent-trading game.
- Vanguard founder John Bogle’s The Little Book of Common Sense Investing,
- Money columnist William Bernstein’s The Four Pillars of Investing
- The Intelligent Portfolio: Practical Wisdom on Personal Investing from Financial Engines by Financial Engines chief investment officer Christopher Jones and,
- financial planner and sometime Money contributor Allan Roth’s How a Second Grader Beats Wall Street.
In a Nutshell
If you are older or younger but new to investing your money, educate yourself and read as much as you can about the subject matter after which you can make that move into stocks and mutual funds.
