Beginner Investor Resources
Welcome to the world of investing. If you want to learn how to take one dollar and multiply that single dollar several times, investing can help you.
Whether you have an interest in studying investing or you just want to learn enough to get your finances on track to multiply, you are in the right place.
This section answers to the question, “How can I take my hard earned dollars and invest them to make more dollars to spend in the future?”
This section keeps your investing information pared down to just the essential. As Greg McKeown discusses in Essentialism, prioritize only what is absolutely essential with your precious time and energy. Learn enough to invest well, according to modern investing research, and then move on to the priorities of living your life.
It’s too easy to get overwhelmed with excess information, let’s keep the beginning investing information really simple, easy to digest, and implement.
Don’t run off to multiple websites and add to the confusion. Stay here and go through this page step by step. You’ll learn the basics without getting distracted by excess noise. By allowing yourself to focus on the “best practices” investing research, you’ll find your financial security and confidence improve.
Step 1: Start here
Download and read the Investing Cheat Sheet; 14 Investing Rules for Building Wealth. This download includes a personal story and a quick introduction to investing.
Step 2: Ready to dig in further?
How to Get Rich (my Amazon book) will teach you money basics in one quick read. This lifestyle money book teaches you how to free up cash for investing and wealth building.
“Friedberg’s book provides valuable, jargon-free advice to beginners who are foraying into money management for the first time. Her book is well-researched and backed with numbers, studies and data, and the information is presented in a way that’s conversational and friendly. Give this book as a gift to the friend or relative who can’t seem to hold on to a dollar.” Paula Pant, Afford Anything.com
Step 3: Save to Invest
Start your wealth building journey with saving. Read these timely saving guides first.
Wealth building isn’t rocket science. Learn how to tweak a few habits, without changing your quality of life, and transfer your savings into investment dollars for later.
The government is giving us money help with their investment options. It’s time to take advantage. The I bonds are one of the best places for your short term cash because it’s safe, easy to access, and the value keeps up with inflation.
This quick read lays a foundation for smart money strategies. It’s a quick read with advice from one of the wisest investors.
Step 4: Investing 101
The best place to start with investing is choosing a diversified portfolio of low cost index funds for your first investments. 3 Reasons to Choose Index Funds explains why that is the preferred investing approach.
Want a quick and dirty investing approach that works? This is it. In this introductory article you’ll dig in to the what and whys of index funds and how to narrow down your fund choices. You’ll get the names of specific low cost mutual funds and an investing plan of attach in the article.
See one of my favorite charts with historical annual returns for stock, bonds, and cash. Peak under the hood of bonds and how they differ from stocks. You’ll even learn a bit about a few types of investing risk.
This is a good introduction to the concept of risk tolerance and asset allocation. The idea is that you don’t want to invest too much money in riskier assets if you are older or terrified of a drop in value of your investments is explained. But of course, you’ll learn that a totally “safe” portfolio doesn’t offer as great returns as one with a bit more risk.