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Money and Finances
Reply to "Investments 101 - how do I learn how to understand these?"
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[quote=Anonymous]here are some suggestions: Take an investing or personal finance class at your local community center or college. Read well known personal finance blogs: wise bread, get rich slowly, etc. mister money mustache is a little extreme. Read ARandom Walk Down Wall Street, and check out anything in that Dewey decimal section. Other common authors there: Suze Orman, Dave Ramsey, etc. Don't invest in anything you don't understand, especially if you don't understand how much the fees are. Beware if someone who can't easily explain how they are paid or if they say they can regularly outperform the market. Past performance is no guarantee of future return. Investopedia is a helpful site to look up financial terms you don't know. Ask questions, if it's unclear to you than its probably unclear to others. Napfa.org to find a fee-only financial planner. If you are married, have regular conversations about money, and don't let one person do any one money job exclusively. There are podcasts about this too I'm sure. Subscribe to Money Magazine for a year. Thank an intro class in accounting or finance if an investing class per se is not available. [/quote]
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