If one of your 2023 goals is to learn how to build wealth through investing, this post is for you. It's my list of the resources that I turn to regularly to help me demystify investing. These books and websites explain terms and concepts, and help me research where to put our money.
- This site has everything: a glossary of terms, recent news, a stock simulator, paid courses, and daily newsletters. I use Investopedia to learn the basics about all manner of financial instruments. Need to know what a Zero-Coupon Bond1 is? Investopedia's got you. Want to play financial advisor? You can do that too. It's a tremendously useful website.
- MarketWatch has some of the most detailed securities information that you can find without having to register for an account or buy a subscription. When I want to do some quick checking, this is where I go.
- In the United States, the Securities and Exchange Commission (the SEC) regulates publicly-traded securities that are bought and sold on exchanges. Corporations have to report insider sales of shares (e.g. when the CEO buys or sells), file quarterly reports (10-Q), annual reports (10-K), and report any other significant events that could affect shareholders (8-K). Want to know when Q-Elon sells more Tesla shares? Use EDGAR to find his Form 4 filings.
- The Little Book of Common Sense Investing
- John C. Bogle founded The Vanguard Group and created the first index fund to track the S&P 500. This book outlines Bogle's investment philosophy, which boils down to: You can't beat the market long term, so buy the whole market through a low-cost index or total market fund. It's not especially well-written, but I find it helpful for staying on track and avoiding my riskier investing tendencies.
- Investing 101
- This book by Kathy Kristof got me past my mental hurdles with regard to investing. Kristof approaches investing as a savings mechanism not as a gambling mechanism, which is the approach so many of us take. Kristof's advice is dated in parts — few brokerages charge fees for online trades anymore, and Yahoo! Finance is not the only game in town — but it's super useful for understanding how to craft a strategy and build a portfolio.
- Motley Fool Money Podcast
This show is all about stocks and investing strategies. It's helped me evolve my approach to investing, and also provided a few tips.