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I have some money saved up, and a paid off home. Work isn't going too well and I'd like to find another source of income at this point.

But I'm really anxious when it comes to risking my money in investing, probably cuz I don't know anything about where to even start.

So I wanted to know if you guys have any resources or suggestions or guides or links or anything you can share with me that might help me avoid this rut I feel like I'm heading into.

I have some money saved up, and a paid off home. Work isn't going too well and I'd like to find another source of income at this point. But I'm really anxious when it comes to risking my money in investing, probably cuz I don't know anything about where to even start. So I wanted to know if you guys have any resources or suggestions or guides or links or anything you can share with me that might help me avoid this rut I feel like I'm heading into.

(post is archived)

[–] [deleted] • 1 pt (edited )

Banks suggest paper trading.

I just jumped into it. I loaded my direct investing account and said fuck it. Let's give it a go. And learnt on the way. The rule is buy low sell high. That never changed. But it quickly gets more complicated.

Cam the man does daily breakdowns after the trading day. And clay trader breaks down a lot of terms very well.

I'm still very fresh. I don't touch options or short selling because... I am too stupid to manage that type of risk.

Those guys from the raging bull will have live webinars and show you what they look for in a specific type of trade and then they will show you what they are buying. They are smart but expensive products.

Also I made a stocktwits account and read the bants between bears and bulls on some popular stocks.

[–] • 0 pt

I didn't get most of what you said but at least this gives me a starting point of what to look up.

Thank you

[–] [deleted] • 1 pt

Highlight what points went over your head and I can help you. Be a good student.

[–] • 0 pt

ok idk what paper trading is, don't get what an investment account is.

I get "buy low, sell high" but where do you even go to do this, and are there fees involved to consider? I can't imagine it's just shots in the dark, so how do you determine when something is low and will go high?

I don't wanna say hold my hand through all this since I know these are basic questions, so I was just gonna look into it myself. These are just the things that popped into my head when I read your comment.

[–] • 1 pt (edited )

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