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Old 12-23-2014, 11:09 AM   #1
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New to Investing

Im 23 years old and I'm new to investing and looking for any tips, or advise. I started a 401k with my new job and started looking into investing in stocks.

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Old 12-23-2014, 01:41 PM   #2
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I'd advise you to start with this excellent online investing guide: Road Map for Investing Success | An Investing Primer

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Old 12-23-2014, 02:58 PM   #3
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Give me a forum ...
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REW has given you a good primer. If you want more, same investing philosophy:


Investment Books

It takes some work to learn, but it's not that difficult if you invest for the long term and you devote as much time to the discipline of investing (understanding market history/behavior). Where people get in trouble is just relying on "tips, or advice" (brother-in-law, friends), thinking they can pick winning stocks/brokers (about 95%+ can't) and or time getting in or out of the market (again 95% can't - and too many people convince themselves they're among the 5% who can).
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
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Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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Old 12-23-2014, 04:14 PM   #4
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First, good for you that you are trying to learn and understand. The key is to start when you are young and you will have all those years for compounding and growing the savings. You are ahead of probably 80-90% of your peers just by doing what you are right now.

Since you have many years to go, a simple stock index with low fees type strategy for most of your portfolio is going to work best for you. You need to just do the max withdrawal you can, keep investing and don't worry about the dips and volatility. Just stay the course and keep up the investments. This is the pay yourself first model. Evaluate your risk tolerance and choose what investments you like.
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Old 12-23-2014, 06:53 PM   #5
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Welcome to the forum!

Start investing in index funds, stocks are fun but risky. Learn to do that after you have started index investing.

Capture your company match in your 401k. Then invest in a Roth IRA, followed by additional investments in your 401k. You might also want to have additional after tax savings for a house down payment.
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Old 12-24-2014, 01:09 AM   #6
Confused about dryer sheets
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Thank you all for the advice. If you have anything more please let me know or where I can learn it from.
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Old 12-24-2014, 08:54 AM   #7
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I'm a big fan of the book "The Millionaire Teacher" for folks just getting started. It's an easy read and covers the concepts well. Check your local library for a copy.

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Old 12-24-2014, 01:45 PM   #8
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Originally Posted by fumanshoee View Post
Thank you all for the advice. If you have anything more please let me know or where I can learn it from.

If you are like me you will find that reading over this site along with bogleheads will answer 99.9% of any questions. I find I post very little but read very much
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Old 12-25-2014, 07:28 PM   #9
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Building on Midpack's Boglehead suggestion, here's a link to 10 short videos on their simple investment principles (scroll down). Each video is only 5 minutes long and designed for beginners.
The Big Lebowski: Are you employed, sir?
The Dude: Employed?
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Old 12-26-2014, 07:23 AM   #10
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buy a subscription to Money or Kiplinger's magazine. You'll learn a lot of everyday stuff through either of them. good luck
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Old 12-26-2014, 08:41 AM   #11
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I would second the recommendation for Millionaire Teacher. This book was my Christmas gift to my two older kids (22 and 17). You are starting at such a great age with lots of time to compound. Awesome!

This is no social crisis, just another tricky day for you...
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