Tips and resources for investing over the long term

Oct 26, 2009 | | Posted in Finances Invest

In these hard times, if you want to invest your hard-earned money, you better start educating yourself about the subject. You must be willing to put in some reading and understanding time, so that you are ready to invest perhaps in stocks, bonds, real estate. You must understand the market and how to put together a portfolio of different investments that can deliver an acceptable balance of risk and reward. You should be able to improve your chances of building real wealth over the long term. Those are the magic words – the long term investments.

There are various resources in the market that you can take advantage of and educate yourself and gain some knowledge of the subject matter. You can start searching in your favorite search engines and look for investing, personal finances, stocks, bonds, etc.

Websites about investing
Money 101 by CNN Money is a good place to start. It talks about a variety of topics some of which are the basics of investing, the lessons on stocks, mutual funds, bonds, and Asset Allocation. The last topic explains the art of combining different types of assets into a portfolio that can generate solid returns without taking outsize risks.

Besides CNN Money, you can sit in free classrooms at Morningstar’s Investing as well as that of the the American Association of Individual Investors.

Books about investing
These books would primarily teach you how to keep costs down,
build a balanced portfolio and avoid Wall Street’s frequent-trading game. Vanguard founder John Bogle’s “The Little Book of Common Sense Investing,”; Money columnist William Bernstein’s “The Four Pillars of Investing“; “The Intelligent Portfolio: Practical Wisdom on Personal Investing from Financial Engines” by Financial Engines chief investment officer Christopher Jones; and, financial planner and sometime Money contributor Allan Roth’s “How a Second Grader Beats Wall Street“.

In a Nutshell
If you are older or younger but new to investing your money, educate yourself and read as much as you can about the subject matter after which you can make that move into stocks and mutual funds.

What do you think?

Information contained herein is general in nature, and is provided for informational and educational purposes only. Past performance is no guarantee of future results. Talk to your financial adviser.

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Shafi enjoys writing articles on a variety of subjects, paying off debt - at present he is debt free - giving to charities, likes dark coffee, and helping people succeed in their finances and careers. Please Contact Shafi to write for this blog. He also owns How to create your first website.