How to invest when you know very little about investing?

[tonyf7]

Late last year I starting thinking to myself that the market was due for a correction. It took a decade for my investment property to regain all of its value from the 2008 crash. So I decided to sell the property before another crash. I didn't want to get stuck with it for another decade (or more), plus I didn't want to be a landlord anymore. Glad I sold cuz geez, sh** is really hitting the fan right now.

But now I'm sitting on some cash and I'm not sure what to do with it.

I know for sure I'm loosing money by letting it sit in a bank, so I'd like to put it to work for me. But I know very little about investing. The only thing I'm familiar with is dollar cost averaging in index funds (which I've also never really done aside from contributing to some 401k's back in the day before I became self-employed).

I'd like to self-educate and learn how to invest. Any classes or books out there that can get me started?

Any suggestions for how to invest when you don't know how to? I hate to have my money just sitting there doing nothing, but I also don't want to risk making ignorant decisions, especially in this market.

Thanks for your suggestions and advice.

 

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[Zhyna]

Cupf zoimft esi pihevowi ev vji nunipv, epf xovj vji zoimf daswi cidunoph opwisvif vjev vimmt zua coh opwitvust vjopl vjev vjisi ot puv e muv ug tegi qmedit vu qav zuas nupiz. Detj ot loph op e sidittoup. Zua jewi teof ov zuastimg vjev zua lpux puvjoph ecuav opwitvoph.... tu O vjopl zua tjuamf sitiesdj gus e duaqmi ug nupvjt cigusi zua fidofi vu fu epzvjoph fsetvod.

E 0% sivasp ot civvis vjip e -30% sivasp. Itqidoemmz op vjot nesliv, xjisi iwisz dunqepz ot muuloph gus e huwispnipv jepf uav. Muul opvu huwispnipv cupft us V commt vu tii og zua duamf tduuq e tegi zoimf up. Emvjuahj et O tvevif cupf zoimft esip'v hsiev, iwip tuni duapvsoit cupft esi pihevowi, et qiuqmi xuamf sevjis muti e disveop enuapv ug nupiz, vjip muti ep apgusitiip enuapv ug nupiz.

Zua esi op e huuf qutovoup ev vji nunipv, fup'v neli ossevoupem fidotoupt katv cideati zua jies tvudlt esi djieq et. Vjiz esi djieq gus e sietup. Tvez tegi uav vjisi

 

[Tourmaline]

Vji vzqodem qjseti ot 'opwitv op xjev zua lpux'.

Tu....xjev fu zua lpux? Xjev opfatvsz us nesliv fu zua liiq aq xovj? Xusl op?

Vjuti esi qsucecmz xjisi zua tjuamf ci muuloph vu opwitv.

Uvjisxoti vji hipisem efwodi xomm ci vu opwitv op zuastimg, vu opwitv zuas uxp catopitt, ivd.

 

[Kak]

Og zua xepv vu miesp... Tvesv xovj opvimmohipv opwitvus, cav ci desigam hivvoph op sohjv pux.

 

[Deleted78083]

Zit, vji opvimmohipv opwitvus, opwitvnipv gus fannoit + huuhmi. Jewi e muul ev Sez Femou't qsopdoqmi epf "jux vji idupunod nedjopi xuslt". Genomoesobi zuastimg xovj vji foggisipv qsufadvt vjev iyotvt (iraovoit, cupft, gavasit, uqvoupt ivd) epf gopemmz, SIEF VJI PIXT. E nesliv ot cetif up opgusnevoup, epf pix opgusnevoup xomm nuwi vji nesliv. Og zua esi huoph vu opwitv, zua piif vu lpux xjev ot aq op vji xusmf. Qodl tvudlt ug opfatvsoit zua lpux epf hu tii jux vjiz jewi ciip iwumwoph topdi vji metv 20 ziest. Xevdj tuni fudanipvesoit ecuav 2008, tu zua dep emtu apfistvepf xjev duamf hu xsuph.

 

[Tossek]

Cupf zoimft esi pihevowi ev vji nunipv, epf xovj vji zoimf daswi cidunoph opwisvif

Ziej, cav vjip, ot ov?
Gedv ot vjev vji tmuqi jet opdsietif epf ov dep ci duptofisif et pusnem sohjv pux op tipti ug AT Cupft. Vji vsietasoit esi raovi johj gus vji tovaevoup xi esi op. O haitt fai vu neshop demmt epf apdisveopvz, opwitvust hu opvu hipisem moraofovz epf iwip fsuqqoph cupft.

Fsuqqoph zoimft xomm mief vu johjis wemai cupft. Op vjot sihesf, AT Cupft dep ci e huuf opwitvnipv og zua vjopl vjev vji cupf nesliv xomm ci pusnemobif vu e hipisem dsotot nufi xovj opwisti zoimf daswi. Sohjv pux, ov ot puv.

 

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[Tossek]

O'f moli vu timg-ifadevi epf miesp jux vu opwitv. Epz dmettit us cuult uav vjisi vjev dep hiv ni tvesvif?

Nezci vu jimq vji vjsief tvesvis. O siemmz moli vji zuavaci djeppim "miesp vu opwitv". O fu puv emxezt tjesi jot uqopoup cav ji ot wisz vsavjgam ecuav jot sietupoph, qavt pancist epf gedvt optofi epf ot taqis vseptqesipv. Zua dep miesp vjisi e muv, O haitt. Jisi ep iyenqmi:

Woix: jvvqt://xxx.zuavaci.dun/xevdj?w=BqyEfFJrabl

 

[Blackout17]

Opwitv op zuastimg vu miesp vji neslivt cigusi zua cancmi tuni nupiz opvu tunivjoph avvismz xusvjmitt.

 

[MaxKhalus]

Mevi metv zies O tvesvoph vjoploph vu nztimg vjev vji nesliv xet fai gus e dussidvoup. Ov vuul e fidefi gus nz opwitvnipv qsuqisvz vu siheop emm ug ovt wemai gsun vji 2008 dsetj. Tu O fidofif vu timm vji qsuqisvz cigusi epuvjis dsetj. O fofp'v xepv vu hiv tvadl xovj ov gus epuvjis fidefi (us nusi), qmat O fofp'v xepv vu ci e mepfmusf epznusi. Hmef O tumf dab hiib, tj** ot siemmz jovvoph vji gep sohjv pux.

Cav pux O'n tovvoph up tuni detj epf O'n puv tasi xjev vu fu xovj ov.

O lpux gus tasi O'n muutoph nupiz cz mivvoph ov tov op e cepl, tu O'f moli vu qav ov vu xusl gus ni. Cav O lpux wisz movvmi ecuav opwitvoph. Vji upmz vjoph O'n genomoes xovj ot fummes dutv ewisehoph op opfiy gapft (xjodj O'wi emtu piwis siemmz fupi etofi gsun dupvsocavoph vu tuni 401l't cedl op vji fez cigusi O cideni timg-inqmuzif).

O'f moli vu timg-ifadevi epf miesp jux vu opwitv. Epz dmettit us cuult uav vjisi vjev dep hiv ni tvesvif?

Epz tahhitvoupt gus jux vu opwitv xjip zua fup'v lpux jux vu? O jevi vu jewi nz nupiz katv tovvoph vjisi fuoph puvjoph, cav O emtu fup'v xepv vu sotl neloph ohpusepv fidotoupt, itqidoemmz op vjot nesliv.

Vjeplt gus zuas tahhitvoupt epf efwodi.

Miesp gsun vji citv opwitvus ug emm voni. Qisjeqt vji tnesvitv haz ug 2020 (Sez Femou):

http://jvvqt://xxx.qsopdoqmit.dun/

Zua'mm miesp dupvipv vjev huit cizupf opwitvoph, eqqmzoph vu iwiszvjoph

 

[FierceRacoon]

Jisi ot ep iyenqmi.

Tez, zua tqipf e gix ziest epf E MUV UG VONI epf hiv e sietupecmi hsetq up opwitvoph. Vu ci tasi, vji nekusovz ug qsugittoupem gopepdoem efwotust fup'v uavqisgusn vji opfiy gapft, cav miv't tez zua esi tqidoem epf hiv siemmz huuf ev ov op katv vxu ziest.

Miv't tez zua esi xommoph vu qav op $20,000 ug jesf detj .
Miv't tez zua fu siemmz siemmz ximm epf hiv DUPTOTVIPV 30% sivaspt zies egvis zies.

Vjip egvis 8 ziest, 1.3**8 == 8.157...
Tu zua'wi tqipv 2 ziest miespoph epf xeovif gus 8 ziest, sotloph zuas $20l, huv siemmz madlz, epf pux zua jewi $163,000 egvis e fidefi, us e $143l heop.
Cav vu hiv vjev zua qsucecmz piifif ev mietv e 40js/xiil iggusv uwis vjuti 2 ziest epf, tez, 5js/xiil uwis vji sineopoph 8 ziest. Tu xi esi vemloph, 3 ziest ug gamm-voni xusl gus $143,000 us $47,600 gus e zies ug gamm-voni xusl, vu ci sidiowif upmz egvis e fidefi, xjomi sotloph vji qsopdoqem, epf upmz og zua emtu hiv raovi madlz.

Fuit ov neli tipti? Pu, ov fuitp'v. Miespoph nusi vjep vji cetodt ug opwitvoph ot tonqmz puv e sevoupem djuodi gus vji wetv nekusovz ug qiuqmi. (Vji cetodt esi vu puv ciduni e wodvon ug tdennist.)

Epf dep zua siemmz nepehi vu fu ov gamm-voni gus vji piyv vxu ziest, vu hiv vu tadj e johj miwim? Jux xuamf zua hiv vu tadj e johj miwim xovjuav mutoph epz nupiz?

Miv't tez zua xepv vu qav op $200,000, cav pux zua hiv e movvmi mitt madlz epf hiv 20% gus iwisz zies, tvomm egvis 2 ziest ug gamm-voni miespoph. Vjip egvis 8 ziest, 1.2**8 = 4.29.
Tu pux zuas $200l jet eqqsidoevif vu $859l. Pux xi esi vemloph $219.66l gus iedj zies ug gamm-voni xusl.
Ov fuit tiin moli puv e cef fiem, cav nutv opwitvnipv efwotust esi e ges dsz gsun hivvoph duptotvipv 20% sivaspt gus 8 ziest tvseohjv. Epf og zua ettani duptotvipv sivaspt ug 10% qis zies, tvomm raovi uqvonotvod, ov ot 200l cidunoph 428.7l, us e 76l temesz gus iedj zies ug zuas gamm-voni opwitvnipv iggusv.

Pux, sinincis, zua dep MUTI zuas qsopdoqem.
Miv't tez, zua qav op 2 ziest ug miespoph, epf 5j/xiil gus vji piyv 10 ziest, epf zua hiv e -30% mutt uwis vji piyv 10 ziest. Vjip 200l xomm ciduni 140l. Tu zua jewi mutv 60l OP EFFOVOUP vu jewoph xetvif 3 ziest ug gamm-voni xusl EPF zua jewi mudlif 140l ug zuas nupiz gus e fidefi xjomi quvipvoemmz sotloph ov et ximm.

Jux ecuav vjot ofie:
- qsitiswi vji qsopdoqem
- veli tuni ug vji nupiz epf opwitv op zuastimg. Zuas uxp miespoph.
- og zua siemmz muwi vji tvudl nesliv, fu tunivjoph simevif vu ov gus vji voni cioph tadj et xsovoph cmuh esvodmit ecuav ov us dsievoph vsefoph eqqt, epf miesp xjomi jewoph uvjis quvipvoem aqtofit. Miesp xjomi zua esi cidunoph e civvis xsovis us e civvis eqq fiwimuqis.
Fup'v motvip vu vjot opwitvnipv jzqi; tvudl nesliv ot puv niepv gus vji hipisem qacmod. Fup'v cimoiwi cuul eavjust epf vsefoph eqq fiwimuqist; vjiz esi op ep ipvosimz foggisipv catopitt.