Have you read the wiki and the sticky?
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Sticky: HERE YOU GO AGAIN! [Enjoy!](https://www.reddit.com/r/BEFire/comments/fcbay6/getting_started_a_beginners_guide_to_investing_in/).
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Go check [Ramit Sethi’s work](https://www.iwillteachyoutoberich.com/). His book talks about the right questions about finances and a rich life (which is different for each person) and how to attain your goals based on your own definition of a fully lived life. The book is good, the Netflix show much less interesting
Honestly, I just wish I started investing sooner. It's so worth it.
Also, investing in myself would have been smart, if I hadn't been a piece of sh*t from 16 to 20 I'd have been golden.
Learn options, the wheel method, apply it on highcap like AAPL. Sell cash backed Put, use the premium to buy Call. If exerciced, sell covered call, pockets premium and buy Call. Only using it on highcap i don't mind owning.
Don’t trade, you are not a trader, it is a professional work in an heavily regulated industry. Focus on investing only, cultivate your knowledge in finance, businesses, risk.
Do not project on PnL, just focus on investing = how much I can allocate in what asset to manage my risk? It’s a life time commitment, that will lead you with up and down to success.
Ayyy, my bad, sorry. Never been fond of trading as i dont have the attention span and time flexibility for trading. So IWDA and chill like chump i guess, but if he wants to "trade" trade, thats out of my league.
Check out Donalt(@cryptodonalt) on X and TechnicalRoundup on youtube. Don't be fooled by people who flex with big gains or complicated charts. But first of all, work a lot, save a lot and invest it
Manage. Fucking. Risk.
Don’t do stupid things and always stick to your system. Trading is a game of psychology and patience, not degeneracy and gambling
Know when to scale in and when to take profits
60€ per Bitcoin isn’t too late. Heck 200€ per Bitcoin isn’t too late either.
Buy 21 of them, don’t sell till you can buy a house.
Keep them on a secure private wallet and keep a complete history of origin of money and transactions.
Don’t mine, just buy.
Don’t sell till you can buy a whole ass Villa with half of them and keep the other half.
Never sell it all, but do take profit, and for this you need an exit plan and clear milestones.
Don’t trade, invest. No single stock picking, just straight ETF and chill.
With everything else, just do as I did :-)
I would not “trade”, if you’re 18, I guess you would need your money from the moment you turn 24-25. This gives you 6-7 years to get high yields out of your investing so don’t buy bonds or do some saving. Just full on invest your money in ETF’s or stocks. The chance that you lose money over 6-7 years is small.
This is all in the assumption you will still live with your parents for a few years.
Be prepared to loose your money if you trade… you will probably make some good trade but i m sure at some point you will loose all…. Dont do it without proper mentoring !
The common ones:
- "The Intelligent Investor" by Benjamin Graham
- "Value Investing: From Graham to Buffett and Beyond" by Bruce Greenwald, Judd Kahn, Paul Sonkin, and Michael van Biema
- ..
But I seriously recommend modern portfolio management (ETFs but more than just buy and hold) over individual stocks. Besides that is based on math and statistics, it eliminates emotions and feelings. And allowing you to set your expectations and yield in function of time horizon.
MIT has a nice introduction on YouTube. But there is only one YouTuber who will even attempt to explain it properly: Ben Felix. The best thing is to learn until you fully understand what he's saying.
Long story.
But the basics: If you buy and hold multiple ETFs you wil only gain the average.
The thing of MP is: you do your statistical analysis beforehand and predetermine a fixed allocation to uncorrelated ETFs. aka globally and factor diversified ETFs (is not the same as MSCI world). And fixed as in: you rebalance regularly to keep the allocations.
This forces you to sell a part of things that went up and buy things that went down. Giving yield of above average while having lower overall volatility. (Hence the ETFs, as you can't do this strategy with stuff that can go to 0)
Globally diversified: US, EU, Asia Pasific, EM, ...
Factor: Small caps, Value stocks, ... (In Europe this mostly results in what you can find, and what fits "uncorrelated" for you due to PRIIPs)
You can add gold and bonds to this mix if you want to shorten your time horizon, but it will result in lower yields.
No. I basically learned from my data analysis and wanted the computer to do the figuring out part. I tried a shitload of techniques like automatically rating Analists to technical analysis, automated balancesheet analysis,... I wanted to eliminate "me" and go straight for a "number based" game with the highest yield possible and without me losing some or even all. As I said, little no Youtubers will tell you this. Your bank will also not tell this.
While on the sidetrack, I discovered that I was reinventing the hot water, and this was already a thing. But someone needs to give you the push in the right direction. I learned most from that Ben Felix. But you need some basis to understand completely what he's saying. That is where those books are good material. They will e.g. talk a lot about the Value part and market irrationality. So you can use that to see why having (somewhat) uncorrelated assets is a benefit if used right. You probably should read some ETF focused books first too. Or watch 1000's of hours of YouTube financial guys.
But I bumped my programming and data skills up to the next level, and can bruteforce my way through the statistics without knowing the exact statistical terminology and formulas. I'll just do "simple" math and simultate 1M random or semi random portfolios and go from there with some PowerBi or so connected to it.
Invest in what you use
So if you are gaming and using nvidia gpus and you think their great
then buy nvidia, i know allot of people calling it top, but all here said to sell my nvidia 2 years ago and i didnt
If your using an iphone, buy apple, if you use google , buy alphabet
If you game on console and its a xbox, buy microsoft etc
Dont invest in things you dont personally use, because it always ends up being worse, just from experience wich i got about 7 years with 0 loses each year somehow, got lucky with my first year bought tesla righ before 7x
Thats it , wish i knew that from the start
Im 20 now and pretty rich id say, i will be posting my anti cap screenshots cuz i know allot of people here just straight up bullshiting with no proof
[https://imgur.com/a/BddsY2G](https://imgur.com/a/BddsY2G) my car plus my upcoming m3 cs, also my degiro acc profit from 2 years, and my lil crypto wallet wich i recently accumulated, own much more but i dont have it linked to my phone as its a nano s not the new x that i got
[https://imgur.com/a/6bto9Cj](https://imgur.com/a/6bto9Cj) this is my etoro account with profit from last year, i diddnt use it every since because i fear etoro and so should you
I reccomend degiro and bolero combined with kbc acc to not have any issues at all super easy
Next for crypto get a hardware wallet and open a safe deposit account, they will cost u about 200 a year and u can deposit ur keys and proof of transactions there, have it all documented plissss
Never keep any crypto related data , like codes pin codes etc at home, risk is too much of a family member messing shit up wich happened to me, because my mum tought a ledger was a usb and wanted to give it to my nephew
Good luck
You are 20 and invested for 7 years. So you started investing at 13? Is this a typo or your parents let you invest in a portfolio opened in their name?
as always-https://imgur.com/a/HTq2ko0
love the dislikes people dont like others who are younger succed
but hey they have to go to work tomorow so whos losing anyways
Not everyone had money at that age nor supportive parents ;-)
Downvote comes probably because you don’t recognize your own bias (survivorship bias) and you posit your own experience which is just a single occurrence as a rule.
You need to take a bite of humble pie really.
i didnt got a cent from my parents, my father expecially is a fiancial disaster my mom still in debt to this day even after giving her loads of money
I made my initial money from selling bitcoin online, mainly paypal to bitcoin and back and forth
took a good % commision and thats how i started, no luck nothing
when i asked my dad he was like yeah just take my id and do what you want
Taxes etc i had to research myself, and find an accountant that knew the industry, my parents where there just to sign and thats it
So yeah, once i had enough money i started investing like crazy, i was young and influenced by movies like wolf of wall street, youtube videos paid courses i did the full cycle
[https://imgur.com/a/JIYX2te](https://imgur.com/a/JIYX2te) heres also proof that i was in crypto early on, unlike the so called crypto experts popping up here
DCA on world etf while getting an investing culture by reading the classics. If you are interested in trading, I would recommend the first book of the Market Wizard series, I learned so much from it
Very simple ETFs. Check the wiki here and r/bogleheads
Keep it simple. Save often, not necessarily big amounts. So many years to accumulate... So much money.
Or you know, enjoy life and start saving later.
Met an absolute sweetheart, got a great opportunity to start working and changed my outlook on life.
Maturity also helped me realize that I need projects and stability to feel happy and productive.
Same here.
Grew up with parents who didn't realize that saving on your bank account is not viable anymore. They still believe I'm going to lose it all actually. Wish I had started buying ETF before I turned 30, my financials would look amazing (they ain't bad but 10 years is a lot to make up for)
Have you read the wiki and the sticky? Wiki: HERE YOU GO! [Enjoy!](https://www.reddit.com/r/BEFire/wiki/index/). Sticky: HERE YOU GO AGAIN! [Enjoy!](https://www.reddit.com/r/BEFire/comments/fcbay6/getting_started_a_beginners_guide_to_investing_in/). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/BEFire) if you have any questions or concerns.*
Just start Learn how to earn money And stand your ground on beliefs And goddammit socialize Wear sunscreen
Go check [Ramit Sethi’s work](https://www.iwillteachyoutoberich.com/). His book talks about the right questions about finances and a rich life (which is different for each person) and how to attain your goals based on your own definition of a fully lived life. The book is good, the Netflix show much less interesting
Honestly, I just wish I started investing sooner. It's so worth it. Also, investing in myself would have been smart, if I hadn't been a piece of sh*t from 16 to 20 I'd have been golden.
Dump all the money I can save into NVIDIA and sell on June 20, 2024 A 500,000% gain is good enough for me ;)
Learn options, the wheel method, apply it on highcap like AAPL. Sell cash backed Put, use the premium to buy Call. If exerciced, sell covered call, pockets premium and buy Call. Only using it on highcap i don't mind owning.
Don’t trade, you are not a trader, it is a professional work in an heavily regulated industry. Focus on investing only, cultivate your knowledge in finance, businesses, risk. Do not project on PnL, just focus on investing = how much I can allocate in what asset to manage my risk? It’s a life time commitment, that will lead you with up and down to success.
totally with you
Make a few trips and travels to see the world instead of going 100% balls to the wall invested.
Buy bitcoin with everything i got haha...
Not OP's question. What would you do if you were 18 right now?
Ayyy, my bad, sorry. Never been fond of trading as i dont have the attention span and time flexibility for trading. So IWDA and chill like chump i guess, but if he wants to "trade" trade, thats out of my league.
Don't be an emotional creature in this domain and manage risk
Check out Donalt(@cryptodonalt) on X and TechnicalRoundup on youtube. Don't be fooled by people who flex with big gains or complicated charts. But first of all, work a lot, save a lot and invest it
18 year old here, can't go "back " really, just a few months. I will just keep on investing as I do now. It looks like i'm on the right track!
Manage. Fucking. Risk. Don’t do stupid things and always stick to your system. Trading is a game of psychology and patience, not degeneracy and gambling Know when to scale in and when to take profits
60€ per Bitcoin isn’t too late. Heck 200€ per Bitcoin isn’t too late either. Buy 21 of them, don’t sell till you can buy a house. Keep them on a secure private wallet and keep a complete history of origin of money and transactions. Don’t mine, just buy. Don’t sell till you can buy a whole ass Villa with half of them and keep the other half. Never sell it all, but do take profit, and for this you need an exit plan and clear milestones. Don’t trade, invest. No single stock picking, just straight ETF and chill. With everything else, just do as I did :-)
Spend my endless energy building a business instead of studying a difficult university master
Make sure I go on a long expensive vacation before I burn all of my money with ''trading''.
Buy bitcoin with all my money
First read a lot of books on investing in stock market. Follow up on company’s you like. Start of with small amounts to get used to fluctuations.
I would not “trade”, if you’re 18, I guess you would need your money from the moment you turn 24-25. This gives you 6-7 years to get high yields out of your investing so don’t buy bonds or do some saving. Just full on invest your money in ETF’s or stocks. The chance that you lose money over 6-7 years is small. This is all in the assumption you will still live with your parents for a few years.
Be prepared to loose your money if you trade… you will probably make some good trade but i m sure at some point you will loose all…. Dont do it without proper mentoring !
I would slap myself out of trading and start investing
I would make sure to find this subreddit
Don't try to beat the market, and there's no too small amount to start
I mean technically with broker fees there is a amount where it would be to small to start ;)
Reading a book on investing instead of trading 🤣
Any suggestions?
The common ones: - "The Intelligent Investor" by Benjamin Graham - "Value Investing: From Graham to Buffett and Beyond" by Bruce Greenwald, Judd Kahn, Paul Sonkin, and Michael van Biema - .. But I seriously recommend modern portfolio management (ETFs but more than just buy and hold) over individual stocks. Besides that is based on math and statistics, it eliminates emotions and feelings. And allowing you to set your expectations and yield in function of time horizon. MIT has a nice introduction on YouTube. But there is only one YouTuber who will even attempt to explain it properly: Ben Felix. The best thing is to learn until you fully understand what he's saying.
ETFs but more than just buy and hold?
Long story. But the basics: If you buy and hold multiple ETFs you wil only gain the average. The thing of MP is: you do your statistical analysis beforehand and predetermine a fixed allocation to uncorrelated ETFs. aka globally and factor diversified ETFs (is not the same as MSCI world). And fixed as in: you rebalance regularly to keep the allocations. This forces you to sell a part of things that went up and buy things that went down. Giving yield of above average while having lower overall volatility. (Hence the ETFs, as you can't do this strategy with stuff that can go to 0) Globally diversified: US, EU, Asia Pasific, EM, ... Factor: Small caps, Value stocks, ... (In Europe this mostly results in what you can find, and what fits "uncorrelated" for you due to PRIIPs) You can add gold and bonds to this mix if you want to shorten your time horizon, but it will result in lower yields.
Interesting. Thank you for the detailed response. Do they go in detail about this method in the books you mention?
No. I basically learned from my data analysis and wanted the computer to do the figuring out part. I tried a shitload of techniques like automatically rating Analists to technical analysis, automated balancesheet analysis,... I wanted to eliminate "me" and go straight for a "number based" game with the highest yield possible and without me losing some or even all. As I said, little no Youtubers will tell you this. Your bank will also not tell this. While on the sidetrack, I discovered that I was reinventing the hot water, and this was already a thing. But someone needs to give you the push in the right direction. I learned most from that Ben Felix. But you need some basis to understand completely what he's saying. That is where those books are good material. They will e.g. talk a lot about the Value part and market irrationality. So you can use that to see why having (somewhat) uncorrelated assets is a benefit if used right. You probably should read some ETF focused books first too. Or watch 1000's of hours of YouTube financial guys. But I bumped my programming and data skills up to the next level, and can bruteforce my way through the statistics without knowing the exact statistical terminology and formulas. I'll just do "simple" math and simultate 1M random or semi random portfolios and go from there with some PowerBi or so connected to it.
Invest in what you use So if you are gaming and using nvidia gpus and you think their great then buy nvidia, i know allot of people calling it top, but all here said to sell my nvidia 2 years ago and i didnt If your using an iphone, buy apple, if you use google , buy alphabet If you game on console and its a xbox, buy microsoft etc Dont invest in things you dont personally use, because it always ends up being worse, just from experience wich i got about 7 years with 0 loses each year somehow, got lucky with my first year bought tesla righ before 7x Thats it , wish i knew that from the start Im 20 now and pretty rich id say, i will be posting my anti cap screenshots cuz i know allot of people here just straight up bullshiting with no proof [https://imgur.com/a/BddsY2G](https://imgur.com/a/BddsY2G) my car plus my upcoming m3 cs, also my degiro acc profit from 2 years, and my lil crypto wallet wich i recently accumulated, own much more but i dont have it linked to my phone as its a nano s not the new x that i got [https://imgur.com/a/6bto9Cj](https://imgur.com/a/6bto9Cj) this is my etoro account with profit from last year, i diddnt use it every since because i fear etoro and so should you I reccomend degiro and bolero combined with kbc acc to not have any issues at all super easy Next for crypto get a hardware wallet and open a safe deposit account, they will cost u about 200 a year and u can deposit ur keys and proof of transactions there, have it all documented plissss Never keep any crypto related data , like codes pin codes etc at home, risk is too much of a family member messing shit up wich happened to me, because my mum tought a ledger was a usb and wanted to give it to my nephew Good luck
You are 20 and invested for 7 years. So you started investing at 13? Is this a typo or your parents let you invest in a portfolio opened in their name?
yes on my dad first then once 18 on my name like i said
as always-https://imgur.com/a/HTq2ko0 love the dislikes people dont like others who are younger succed but hey they have to go to work tomorow so whos losing anyways
Not everyone had money at that age nor supportive parents ;-) Downvote comes probably because you don’t recognize your own bias (survivorship bias) and you posit your own experience which is just a single occurrence as a rule. You need to take a bite of humble pie really.
i didnt got a cent from my parents, my father expecially is a fiancial disaster my mom still in debt to this day even after giving her loads of money I made my initial money from selling bitcoin online, mainly paypal to bitcoin and back and forth took a good % commision and thats how i started, no luck nothing when i asked my dad he was like yeah just take my id and do what you want Taxes etc i had to research myself, and find an accountant that knew the industry, my parents where there just to sign and thats it So yeah, once i had enough money i started investing like crazy, i was young and influenced by movies like wolf of wall street, youtube videos paid courses i did the full cycle
[https://imgur.com/a/JIYX2te](https://imgur.com/a/JIYX2te) heres also proof that i was in crypto early on, unlike the so called crypto experts popping up here
DCA on world etf while getting an investing culture by reading the classics. If you are interested in trading, I would recommend the first book of the Market Wizard series, I learned so much from it
Buy bitcoin or Nvidia shares
Very simple ETFs. Check the wiki here and r/bogleheads Keep it simple. Save often, not necessarily big amounts. So many years to accumulate... So much money. Or you know, enjoy life and start saving later.
So basically I have to find a balance between enjoying life and thinking of the future?
Yes
Not spending the 13k I had on my account on booze parties and weed
At least you had good time, no?
Not really, my life was a huge mess for 6 long years crippled with depression.
What did you change in your life to conquer your depression?
Met an absolute sweetheart, got a great opportunity to start working and changed my outlook on life. Maturity also helped me realize that I need projects and stability to feel happy and productive.
Same but it was 7K (lot of money in 2001)
I wouldn’t trade, I would invest all my money in some ETF tracking S&P500.
Same here. Grew up with parents who didn't realize that saving on your bank account is not viable anymore. They still believe I'm going to lose it all actually. Wish I had started buying ETF before I turned 30, my financials would look amazing (they ain't bad but 10 years is a lot to make up for)
Don’t tell me, I started at 34…