Ask HN: Investing - where to Start in 2024?

https://news.ycombinator.com/item?id=40828989

by iansowinski • 2 years ago

4 3 2 years ago

news.ycombinator.com

Hi HN,

I’m looking for recommendations on the best resources to get started in investing. What books, blogs, or services would you suggest for a beginner? What were your experiences when startin, and what challenges did you face in first year of this adventure?

richrichie• 2 years ago

Just buy units in a low cost index fund every month.

The average investor must hold the market portfolio. Anything else is a zero sum game. So figure out why you are different than average. (If you think you're smarter than average, note that they think they're smarter than you.) The result encapsulates some ancient advice: Buy stocks for the dividends, broadly interpreted. Take risk you are well-positioned to take. If stocks have great value to other investors for reasons either technical (liquidity, short-sales constraints, etc.) or behavioral, avoid them. [1]

[1] https://johnhcochrane.blogspot.com/2022/01/portfolios-for-lo...

timonoko• 2 years ago

Dont buy funds. Make your own. Buy 100 stocks every year for few euros and sell those that have no life.

Five years ago I sold such dead duck at enormous loss. I bought NVIDIA, because maybe those Bitcoin-nuts support it.

Also very similarly I bought 1992 almost bankrupted NOKIA, because it was so deeply in government contracts that it cannot go bust.

All other stuff in the 100 papers portfolio have been quite uninteresting.

The lesson I making here is this: If you buy funds, the fund manager is BY LAW obliged to balance the bucket. She cannot let those few winners run their due course and you will never get truly rich.

caprock• 2 years ago

The bogleheads resources are probably a good place to start:

https://www.bogleheads.org/wiki/Main_Page

https://www.bogleheads.org/wiki/Getting_started

Ask HN: Investing - where to Start in 2024?

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