Do you know where your money is? Maybe it’s stashed away in a safe or in a bank.
Hopefully, it’s not under your mattress.
Here’s a question for you, “What is your money doing?” If the answer is” nothing,” you’ve got a problem.
It’s the same problem that millions of Americans face every day. What to do with their money?
Should you buy a house or continue renting? Should you put your money in an IRA or invest in cryptocurrency? How will you retire, and when?
The key to financial freedom and retirement is investing.
But what should you invest in, and how much? You’ve never invested before, and you know nothing about it. Where do you begin?
You begin here.
We’ll show you 18 awesome resources for learning how to invest that make it simple to find the best options for growing your money, saving for retirement, and achieving financial success.
This is going to be a breeze!
Let’s jump right in!
I Thought Only Rich People Could Invest.
It used to be that way.
But nowadays, companies want everyone to be able to invest regardless of their wealth. The more investors in the stock market, the better it is for business development and growth.
Development and growth lead to more job creation and strengthen the economy.
Today, companies are making it easier than ever before to get involved in learning how to invest for as little as $5.
Can You Bank On It?
Banks are indeed the best place to keep your money physically safe. But account interest rates alone are not a great investment strategy.
Savings Account interest rates today are under 1%. So, let’s say you start saving $500 per month at age 30 with an interest rate of 1%. If you retire at 65, your balance would be just over $251,000 (including a 3% average cost of living adjustment).
However, the average return on investment for stocks is 13.8%. For the argument, let’s say that the same $500 per month earns 7%. The age 65 retirement balance would be over $860,000.
You can see from this example that investing is the best option.
Don’t Get Left Out in The Cold (Literally).
Planning for retirement is a necessity, not a privilege. You need to set a goal for how long you’ll work and what age to retire.
That takes planning. Simply “winging it” is not a recipe for success.
Poor planning could leave you struggling to survive later in life. Not a pretty picture.
Ask yourself a few questions so you can imagine life at age 65;
- How much will my rent or mortgage be at 65?
- What will property taxes be when I retire?
- What will my health be like later in life?
- Will I need medication or be disabled?
- What will the cost of living be in 30 years?
Sound investments can lead to a worry-free retirement; you need to create a plan that addresses every possible scenario and eliminates potential hardships. Learning how to invest early is the smartest strategy.
When Should I Start Investing?
The longer you wait to invest, the more you could potentially lose.
Even if you invest $100 a month now, it’s a start. You can adjust your investment amount when you get promotions, change jobs, and increase earnings. The main point is to get started as soon as possible.
“Invest in yourself or no one else will-stop being afraid of what could go wrong & start getting excited about what could go right” Tony Robbins.
What Types of Investments are There?
This article will show 6 major investment strategies, how they work, and their potential for profit vs. risk.
Stocks are investments in individual companies. A company sells a portion of its earnings to raise funds for growth and development. When the company’s value goes up, the stock increases in value. But when the company loses value, stocks become worthless.
Some stocks pay dividends to their investors at set intervals. Dividends are a portion of the profits the company earns. Shares of Stock can be sold between investors when the stock price increases, and so do the profits.
A Bond is like a loan you make to a company or government. The issuer of the bond uses your money to grow and invest. They agree to pay back the loan at specific intervals until the bond is paid in full or matures.
Bonds are less risky than most investments, so the interest is lower. The risk is if the company defaults, the bonds become worthless. However, U.S.Government Bonds are low-interest but fully backed and guaranteed by the United States.
- Mutual Funds
Mutual Funds consist of purchasing many investments in a single transaction. The investments can include stocks, bonds, or other assets. The “Fund” is controlled by a professional manager who invests the money pool following specific strategies and trends.
Each fund has its own risk. Investment managers are paid fees for operating this service. How much depends on the investment pool. Investment firms offer information on Mutual Funds and their average interest gains and risk level, so you can determine the best strategy that works for you.
- Index Funds
Index Funds are like Mutual Funds, but they follow an index, like the S&P 500. So, if the stocks and bonds of the index rise, then profits go up. The difference is that there is no professional management cost; however, the risk depends on the stocks within the investment.
Investors make money through dividends or by selling their shares when the Index rises. There are costs involved with Index Funds, but they tend to be lower than Mutual Fund management.
- Exchange-Rated Funds (ETFs)
ETFs are a hybrid of an Index and a Mutual Fund. They try to mirror positive index performance but without management costs. ETFs are purchased and sold throughout the trading day, whereas the price for Index and Mutual funds are set at the day’s end.
Options are contractual agreements to buy stocks at a set price by a specific date. When you buy an option, you pay for the contract, not the stocks. You can then purchase the stocks according to the contract or sell the option to other investors.
Options can be complicated. You’re buying an Option based on the expectation that the stocks will rise, so many risks are involved.
Is investing a Risky Business?
All investments require some risk-taking — the lower the risk, the lower the return on investment.
This does not mean that you have to gamble with your hard-earned money. By following this guide and learning how to invest in the awesome resources we provide, you will better understand which options work best for you now and in the future.
Can I Hire Someone to Help Me Invest?
Absolutely. Hiring a Money Manager or Investment broker is always an intelligent choice. They can meet with you in person or virtually to explain different investment strategies and create a working plan to follow long term.
Choosing the firm to manage your investments will depend on the investment strategy, so you will have to decide after learning about the different options, but your financial future is worth it.
18 Awesome Resources for Learning How to Invest in 2022.
Best investment websites;
Nerdwallet’s comparison feature allows you to see a side-by-side comparison of top brokers to determine which investing account work best for your goals.
The Nerdwallet site, as a whole, is an awesome resource for reading informational articles about investing, credit cards, and wealth management and finding top financial advisors.
Investopedia is your one-stop destination for all things related to money. You can find information on various topics like credit cards, insurance, taxes, retirement planning, and investing.
The website offers stock market news and insights and has a Podcast with the Editor in Chief of Investopedia, Caleb Silver.
This website is a fantastic place for learning how to invest. They offer great tutorials on “How to” and “What to” invest in and where you can find the best brokers and learn the ins and outs of the stock market.
Best apps for investing;
The Acorns app is an awesome resource for beginners starting their investing journey. The app offers automation for linked debit and credit cards that you can integrate to add funds to your account from “rounded-up” charges on purchases.
There are no investment minimums, and fees are usually between $1 and $5 per month, depending on the type of account. Also included are the following;
- Five Portfolio types
- Auto rebalancing
- Family spending account option
- 24-hour customer support by phone and chat
Stash is a great app for beginners. It uses educational content and games to make investment topics easier to learn. They also offer the following;
- No inactivity fees
- $5 minimum investments
- Educational support
- Fees are from $1 to $9 depending on the type of account
- Visualization tools
- Options for investing in stocks and ETFs
Public is another option for learning about investing. Their platform allows you to invest in EFTs, stocks, crypto, art, collectibles, and more.
Public has many $0 fees for various transactions, and some notable points are;
- Accounts protected up to $500,000
- They don’t sell your trades to third parties
- Zero $ commissions on stock trades
- A premium plan for $10 per month
Best books for learning how to invest;
7. One Up on Wall Street by Peter Lynch
Lynch took Fidelity’s Magellan Fund from $18 Million in assets to over $14 Billion, making it the most successful Mutual Fund in the world.
The book is for amateur investors to learn advice about how to identify fast-growing companies and what kind of returns they should look for from their investments. Lynch explains why inexperienced investors have the edge over professionals who must follow specific rules and regulations.
8. The Intelligent Investor by Benjamin Graham with comments by Jason Zweig
Graham explains how he started investing in 1914 and what he did to survive the stock market crash of the 1920s
Warren Buffet recommends this book and states that it changed how he viewed and invested in the stock market.
9. The Little Book of Common Sense Investing by John C. Bogle
This book explains the basics and differences between actively managed and indexed funds. Bogle, who started and was the CEO of Vanguard, explains how readers should invest in safe, low-cost indexed funds over risky, high-cost, actively managed funds.
Get investment advice from a man that ran a company with over $7 Trillion in assets. Bogle offers tips on what market trends to avoid that usually are a waste of time.
Best online investing forums;
Morningstar’s mission is to empower investment success. Forum topics include retirement, income, personal finance, and more.
Welcome to Investing is a subreddit with over 2.1 million members. This forum lets you get market insights, news, information about stocks, bonds, market trends, and advice.
Get investment advice inspired by Jack C. Bogle. No matter how complex or simple a topic is, you can ask it and get advice on hundreds of thousands of topics and millions of answers and articles.
Best-paid online investing courses;
This course offers;
- Over 3.5 hours of on-demand video
- 8 articles
- 41 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Certificate of completion
Learn the method for profiting from the two fundamental principles behind the most successful investing strategy from two instructors with practical experience.
The course is regularly $49.99, but they offer a 72% discount lowering the price to $13.99. A small price to pay to invest in your future.
14. Beginners Guide to Investing by Erin Lowry
Erin Lowry is the author of the Broke Millenial series of books. She’s featured in the New York Times, the Wall Street Journal, Fox & Friends, CBS Sunday Mornings, and USA Today. Marketwatch named her first book one of the most important money books in 2017.
Erin offers courses on paying off debt, financial planning, investing, and saving money. The lessons start at just $14.
- 12 Video lessons in HD
- 1h 37m of class content
- Exclusive bonus content
- Lifetime access anywhere, anytime
- Streaming access on desktop and mobile browsers
- Download and offline access with class purchase
- Offline sync with our iPhone & iPad apps
- 100% satisfaction guarantee
At $49.99, this course was created for new investors and offers comprehensive coverage on numerous investment topics.
This course will transform a novice into an investment pro. You’ll get advice on the difference between financial products, choosing the best broker, and much more.
- 30-day money-back guarantee
- Pre-recorded video lessons; learn at your leisure
- Full lifetime access to all materials
- Course taught by Jatin Taneja, an investor with years of experience in the Stock Market.
Best free online investing courses;
This Investment Classroom is an awesome resource for learning about investments from the ground up. The courses are simple modules explaining everything from Stocks to Compound Interest.
At the end of each module, there’s a quiz to test your knowledge of the previous topic. Simple to follow and easy to use, this free course is an all-around top-notch resource for learning investment strategies.
17. T.D. Ameritrade
T.D. Ameritrade’s Immersive Curriculum is intuitive and easy to follow. Lessons are broken down so you can deepen your investing knowledge on your own time.
Additionally. T.D. Ameritrade has curated goal-based learning schemes that pair courses with relevant events and webcasts to help you master concepts with the help of an Educational Coach.
Best Investing resource for women;\
18. Female Invest
Female Invest is committed to educating and empowering women to achieve financial success through self-development.
For a $13 membership, you’ll get the following;
- 25+ video lessons, articles, quizzes, templates, and more.
- Access to Live Webinars.
- Connect with like-minded women in a private community.
- A free mini e-book, “A Guide to Investing.”
- Masterclasses from instructors with years of investment experience
Whether you’re a business owner or a novice who wants to accumulate wealth and learn about investing, Female Invest is an awesome resource for women of all ages.
You’re Mattress Just Got a Bit Lower!
I told you it would be a breeze.
No more mattress stuffing. Now you can start making your money work for you!
Now you know more about learning how to invest than ever before. By following this guide, you’ve learned about the types of investments and 18 awesome resources for learning how to invest in 2022.
You’ve just taken the first steps toward saving for retirement and achieving financial success.
You’re ahead of most people because you took the time to learn about investing and plan for the future.
Which resources will you choose?
Let’s get started!