Help

How do I start to invest n stocks? I have a heavy background on maths and statistics but I'm clueless on finances and I want to give it a try

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buy high sell low

This and n e v e r do what Jow Forums tells you to do.

Math matters a whole lot less than you would think it does when it comes to finance. The best thing you can do is open a brokerage account with TD ameritrade and use all their learning tools to get a basic understanding of the market and system. From there you'll realize that a good understanding of history and current events is just as valuable as number crunching.


TL;DR just watch/read the news and try to guess what companies/industries will do well in the future and invest in those.

Don't trade, buy index funds because you are HIGHLY unlikely to beat the market consistently.

>understand your risk tolerance
>expose yourself to a portfolio which matches your risk tolerance

It’s as easy as that. Here’s a sample spectrum for low to high risk:

single s&p index fund —> varied indices with proven track record —> varied blue chip portfolio —> varied stock portfolio of blue and non blue —> growth stocks only —> single growth stock —> retarded options contracts

Obviously there’s a very wide range of things outside of these but just to give some perspective. Read.

I was just sticking my money in dividend aristocrats or companies trying to become aristocrats and sticking my dividends in a DRIP, but I think we are crashing soon so I left the DRIP and am waiting for a crash to buy some stocks on fire sale.

I use a roboadvisor, pretty comfy.

Make a Vanguard or schwab account and invest in a index fund from them, dump a consistent amount of money into it while ignoring the current price of stocks, do not sell, do not time the market.

Thanks I assumed that by the fact that finances uses numbers my background would give some kind of advantage. Sadly no. I'm well aware of the current mundial affairs as I read a lot of news every day. Right now I only read The New York Times and The Guardian on a daily basis any suggestions on what should I be reading to become successful in this career?

Wealthfront or Schwab Intelligent?

Thanks, as I am new I think I will go for low risk, once I have understood the mechanics I will move forward. How many time would it take to a normal person to understand how all this works?

Depends on a lot of factors. Like your dedication to research, ability to grasp concepts, ability to recognize patterns/situations, and the motivation to learn more. Generally, I'd say it's impossible to put a time on how long it takes for the general person to 'understand' the mechanics of this. Totally depends on the person, and I'll also add that there are some things you can only learn by witnessing market cycles for yourself, which will benefit you in the future when something relatively similar repeats itself. Good luck op.

>any suggestions on what should I be reading to become successful in this career?

Nothing specific really. It pays to have a broad scope of knowledge/sources because you're going be to reading the news and current events and trying to make money off them. For example if there is a new war in some random African country, it may seem irrelevant to us, but that country might be a top miner in some precious metal or resource.

Health care is also a good to invest in because people always get sick and die, and boomers are doing a lot of that now that they are all nearing retirement age. You also want to remember that the stock market is complimentary income in addition to your wage/salary. You probably won't get rich off it, but it will help you build your net worth and store your savings long term. Think of it like a much riskier savings account with the potential to double, triple, or even quadruple in value.

Alteryx is the best stock

>im well aware of current affairs
>because I read the New York Times daily
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH get the fuck out you're a fucking idiot who's gonna lose all his money

Watch Martin shkrelis investing videos on his channel. Considering he has handled over a billion dollars he'll open up your world.

Also read Snowball by Warren Buffett.

That doesn't mean anything you won't beat the market consistently. Even the smartest pportfolio managers in the world don't beat it.

Future Advisor and Vanguard...each has half of my shekels.

>but I'm clueless on finances

They say: "A clueless on finances and his money quickly part away".

>what is crypto

don't trade,hold every stock you have

Thanks.

Ok I think I should be studying by now, thanks