{"product":{"product_id":"0857198084","title":"How I Invest My Money: Finance experts reveal how they save, spend, and invest","price":"17.99","image_url":"https://m.media-amazon.com/images/I/41Xm8uK3rzL._SL500_.jpg","url":"https://www.amazon.com/dp/0857198084"},"comments":[{"body":"My takeaway is that anyone, regardless of how much starting capital they have, can still invest simply thru index funds (or insert a target date fund) and keep up with the big fish (while saving on fees).\r\n\r\nWorking in finance and reading thru the Bogleheads wiki has only solidified my conviction to continue to index for most of my stock exposure.\r\n\r\nThe Redditor's experience also reminded me of this book I was browsing one day at a nearby Amazon book store about how many of the current wealth managers and talking heads in financial media themselves keep it simple by investing in index funds:\r\n\r\nhttps://www.amazon.com/How-Invest-My-Money-Finance/dp/0857198084/ref=nodl\r\n\r\nAn observation about the wealthy: When hitting a certain net worth, they have access to private equity, which a small fish like me would like to have access to.","subreddit_name":"Bogleheads","author":"4pooling"},{"body":"My takeaway is that anyone, regardless of how much starting capital they have, can still invest simply thru index funds (or insert a target date fund) and keep up with the big fish (while saving on fees). \r\n\r\nWorking in finance and reading thru the Bogleheads wiki has only solidified my conviction to continue to index for most of my stock exposure. \r\n\r\nThe Redditor's experience also reminded me of this book I was browsing one day at a nearby Amazon book store about how many of the current wealth managers and talking heads in financial media themselves keep it simple by investing in index funds:\r\n\r\nhttps://www.amazon.com/How-Invest-My-Money-Finance/dp/0857198084/ref=nodl_\r\n\r\nAn observation about the wealthy: When hitting a certain net worth, they have access to private equity, which a small fish like me would like to have access to.","subreddit_name":"M1Finance","author":"4pooling"},{"body":"Everyone's upbringing, knowledge, privilege, luck, etc is all so personal. \r\n\r\nHindsight is always 20/20. \r\n\r\nJust my POV: A financial advisor (fiduciary standard and NOT suitability standard) in this day and age is only necessary if you have  $10 million and up. \r\n\r\nMy lens: 31 now. Working in finance since 2018 and have read thru the Bogleheads wiki. \r\n\r\nIndexing literally is the simplest and most effective approach for long term investing. \r\n\r\nI've spoke to numerous portfolio managers at my firm and even flipped thru the following book and it's comforting to know so many wealth managers also just index for their own personal portfolios. \r\n\r\nhttps://www.amazon.com/How-Invest-My-Money-Finance/dp/0857198084","subreddit_name":"Bogleheads","author":"4pooling"},{"body":"You're welcome. Given that you're going into a heavy quant field there is no reason why you couldn't do finance classes on the side. I'm pretty sure they are a lot easier than the physics ones. And you'll start to understand some business stuff on the side.\r\n\r\nInvesting in stocks can be done well with arithmetic at a small level. It's the other stuff that matters. Here are some books you might consider to educate you on the subject at a macro level. None are really theoretical and probably will help you understand what really matters. (The first one is most contemporary, the middle one is probably for people who want to understand the big time guys, and the last one is a good framework for diligence at a high level.)\r\n\r\nhttps://www.amazon.com/How-Invest-My-Money-Finance/dp/0857198084/ref=mp_s_a_1_3?dchild=1\u0026amp;keywords=josh+brown+how+i+invest+my+money\u0026amp;qid=1611991848\u0026amp;sprefix=josh+brown+\u0026amp;sr=8-3\r\n\r\nhttps://www.amazon.com/Money-Masters-Time-John-Train/dp/0887309704/ref=mp_s_a_1_1?dchild=1\u0026amp;keywords=money+masters+john+train\u0026amp;qid=1611991824\u0026amp;sr=8-1\r\n\r\nhttps://www.amazon.com/Common-Stocks-Uncommon-Profits-Writings/dp/0471445509","subreddit_name":"smallstreetbets","author":"LavenderAutist"},{"body":"Here is my general [advice](https://www.reddit.com/r/investing_discussion/comments/lyp347/Hey_newbie_here_and_I_need_advice_./gpu3lv9/?utm_medium=android_app\u0026amp;utm_source=share\u0026amp;context=3) for novices. (Not sure if this is specific to you, but for most young people it makes sense).\r\n\r\nI assume you're an average novice young investor since you seem to post to r/gme a lot, so I would recommend Josh Brown's [book](https://www.amazon.com/How-Invest-My-Money-Finance/dp/0857198084) for you to think about how to invest. (Most people shouldn't be managing thier own account and choosing stocks.)\r\n\r\nIf you really want to start to understand fundemental analysis I would recommend Phil Fisher's books ([best one](https://www.amazon.com/Common-Stocks-Uncommon-Profits-Writings/dp/0471445509/ref=mp_s_a_1_3?dchild=1\u0026amp;keywords=common+stocks+and+uncommon+profits+by+philip+fisher\u0026amp;qid=1616890944\u0026amp;sprefix=uncommon+profits\u0026amp;sr=8-3) and [another one with both books combined](https://www.amazon.com/gp/aw/d/B008847LKW/ref=dbs_a_w_dp_b008847lkw)). A video to watch is something like [this](https://youtu.be/oMmocnLnVgQ) is good to understand the investing mindset at a cursory level.\r\n\r\nIf after that you think it is something you want to continue to doon your own, then you can easily find other recommendations on here that are more complex and deal more directly with valaution. \r\n\r\nI hope that helps. Good luck.","subreddit_name":"stocks","author":"LavenderAutist"},{"body":"Item | Current | Lowest | Reviews\r\n:-- | :-- | :-- | :--\r\n[How I Invest My Money: Finance experts reveal how…](https://smile.amazon.com/dp/0857198084) | - | - | 4.3/5.0\r\n\r\n\u0026amp;nbsp;\r\n\r\n^[Item\u0026amp;nbsp;Info](https://price-spider.com/compare/US:0857198084)\u0026amp;nbsp;|\u0026amp;nbsp;[Bot\u0026amp;nbsp;Info](https://price-spider.com/info#reddit-bot)\u0026amp;nbsp;|\u0026amp;nbsp;[Trigger](https://www.reddit.com//r/testingground4bots/comments/ptrjuh/price_spider_bot_testing/hgm36n2/)","subreddit_name":"testingground4bots","author":"price-spider-bot"},{"body":"Item | Current | Lowest | Reviews\r\n:-- | :-- | :-- | :--\r\n[How I Invest My Money: Finance experts reveal how…](https://smile.amazon.com/dp/0857198084) | - | - | 4.3/5.0\r\n\r\n\u0026amp;nbsp;\r\n\r\n^[Item\u0026amp;nbsp;Info](https://price-spider.com/compare/US:0857198084)\u0026amp;nbsp;|\u0026amp;nbsp;[Bot\u0026amp;nbsp;Info](https://price-spider.com/info#reddit-bot)\u0026amp;nbsp;|\u0026amp;nbsp;[Trigger](https://www.reddit.com//r/testingground4bots/comments/ptrjuh/price_spider_bot_testing/hghon7r/)","subreddit_name":"testingground4bots","author":"price-spider-bot"},{"body":"Item | Current | Lowest | Reviews\r\n:-- | :-- | :-- | :--\r\n[How I Invest My Money: Finance experts reveal how…](https://smile.amazon.com/dp/0857198084) | - | - | 4.3/5.0\r\n\r\n\u0026amp;nbsp;\r\n\r\n^[Item\u0026amp;nbsp;Info](https://price-spider.com/compare/US:0857198084)\u0026amp;nbsp;|\u0026amp;nbsp;[Bot\u0026amp;nbsp;Info](https://price-spider.com/info#reddit-bot)\u0026amp;nbsp;|\u0026amp;nbsp;[Trigger](https://www.reddit.com//r/Bogleheads/comments/q6txiy/uswingtrader79_shares_some_insight_on_how_simple/hge5f63/)","subreddit_name":"testingground4bots","author":"price-spider-bot"},{"body":"Hmm I see. \r\n\r\nA financial advisor / CFP that's not a fiduciary (or fee based) may try to sell you instruments that fill their own pockets before filling yours.  Be careful out there.\r\n\r\nBesides reading thru most of whitecoat investor's website, you could consider checking other subreddits like r/financialindependence, r/fatfire, r/whitecoatinvestor, especially on the subject of financial advisors. \r\n\r\n[https://www.whitecoatinvestor.com/financial-advisors/](https://www.whitecoatinvestor.com/financial-advisors/)\r\n\r\nI'll say it differently this time: \r\n\r\nMany Wall Street hedge fund managers, leaders, talking heads, etc just opt for cheap index funds themselves for most of their stock exposure. Some of them have access to private equity. I was browsing this book at a nearby Amazon bookstore: [How I Invest My Money: Finance experts reveal how they save, spend, and invest](https://www.amazon.com/How-Invest-My-Money-Finance/dp/0857198084)  \r\n\r\nYou can learn the basics of investing on your own, not thru a financial advisor. Read thru the Bogleheads wiki and other various blogs. It makes sense to look for a CPA / tax attorney that will help guide you thru tax savings thru your future business and how to diversify your wealth (real estate, stocks, bonds, cash, art, precious metals like jewelry, estate planning, etc).","subreddit_name":"Bogleheads","author":"4pooling"},{"body":"You're welcome. And I appreciate you appreciating the candor and time spent responding.\r\n\r\nAs for people to read and follow, I would suggest this guy generally. \r\n\r\n[Website series](https://jlcollinsnh.com/stock-series/)\r\n\r\n[Interview at Google](https://youtu.be/T71ibcZAX3I)\r\n\r\nI think he would be consistent with what I said about indexing. He does not really have an agenda and anyone of any income level could do what he suggests.\r\n\r\nAs for book to read about investing and life and things like that, here is [one](https://www.amazon.com/How-Invest-My-Money-Finance/dp/0857198084/ref=mp_s_a_1_3?dchild=1\u0026amp;keywords=josh+brown+how+i+invest+my+money\u0026amp;qid=1615532935\u0026amp;sprefix=josh+bro\u0026amp;sr=8-3). It's just different perspectives from people. It'll probably rhyme with what I've already communicated.\r\n\r\nIn this game of stock picking you're either all in or you're buying lottery ticket scratchers. Reading a lot and learning fundementals is very important. It takes years to understand the basics and longer than that to get any good at. The best find people more experienced and knowledgeable then them to learn from. And even then it is very hard. And the things you may learn are counterintuitive at first.\r\n\r\nProbably the biggest issue people have is about when to enter and exit one's investments. If you want to learn some more, here's another [book](https://www.amazon.com/Money-Masters-Time-John-Train/dp/0887309704).\r\n\r\nHope it is helpful to you. Feel free to reach out again and respond to this post if you have a question in the future. If I'm still on Reddit I'll respond.","subreddit_name":"stocks","author":"LavenderAutist"}]}