If investing is a confusing subject for you, full of jargon and infinite complexity, you are not alone. According to a survey by Ally Bank, 61% of adults believe that investing in the stock market is limited or intimidating. This problem is compounded by the importance of the investment. In the same survey, most Americans (and 70% of millennials) admit that they will one day have financial security, but do not know how to get there.
The solution to both problems is to learn to invest. Here, we’ve gathered some of the best resources to learn how to invest, including online resources, books, and podcasts. Many of them are a great source of investment for beginners, while others deepen their investment knowledge or serve as a comprehensive reference.
If you are intimidated by the investment, this is the place to start.
Online resources to learn how to invest
This collection of the best online resources for learning to invest includes videos, online classes, and written materials that you can use for free.
Online investment resources for beginners
If you are a novice investor, start with some of these options.
• BYU Personal Finance for Self-Reliance is an online course that demonstrates some basic personal finance concepts as the basis for some of the following investment-oriented lessons. Make your financial course wiser about money.
• You can also use The Simple Dollar’s Teen’s Guide to Investing in Stocks and ETFs – this is the perfect choice for young investors who want to take the first steps to make their money work for them.
• Udemy’s Investment Fundamentals course covers investment ideas and translates them into practical steps.
The Financial Planning Course for Young Adults at the University of Illinois is a general introduction to personal finance and investment in particular. The cover material was only fully activated in the sixth module, but it is wonderfully based on the previous concepts.
If you are specifically looking for a place to start investing on your own, we can help you list the best online brokers for beginners and the best investment programs.
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Investment resources for online brokers
If you’re comfortable with the basics of investing, check out some of these free resources.
• BYU’s Intermediate Investment Course is an excellent next step in financial learning, as an investment is approached from a principled perspective. Continue with the Advanced Investment Course and the Retirement Planning Course.
• Morningstar Investment Classroom is an excellent versatile choice, with topics starting at the beginner level and constantly shifting to more complex topics.
• TD Ameritrade’s exciting investment history is an excellent bridge to more advanced financing topics, such as investing in options and futures.
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Invest in books
Your local library is full of books with big investments. Here are some excellent options for learning the best of the written word.
The best investment resources for beginners in the library or bookstore
Look for these three books to get started.
• Investing for Dummies, by Eric Tyson, is an excellent book for versatile beginners on investment topics. It covers everything from stocks to real estate, wealth creation, and early retirement to retirement planning.
• Matthew Kratter’s “Stock Market Beginner’s Guide” specifically focuses on stock market investment and uses an excellent learning perspective from the first page.
• “Investindo 101”, by Michele Cagan, will address some more advanced topics at the end, but the whole book is written in a beautiful and practical way that will click very well for those who learn best through example.
The Best Book Resources for Intermediate Investors
Those who understand all the basics of investing can consult these books.
• “The Bogleheads’ Guide to Investing,” by Larimore, Lindauer, and LeBoeuf, is a comprehensive guide to investing in low-cost indices, with a lifelong approach that starts with lifestyle choices.
• “The Simple Way to Riches” by J.L. Collins breaks the fine line between beginner and intermediate, and Collins’ accessible voice is a great way to clarify the more complicated aspects of investing.
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Invest in podcasts
Perhaps you learn best by listening and want the material to listen to while you travel or walk. While the audiobook versions of the above books are great, consider choosing one or two podcasts as well. Here are two great options that were on our list of the best financial podcasts for 2021.
• “Chit Chat Money,” presented by Brett Schafer and Ryan Henderson, dedicates each section to exploring a fundamental investment topic or using previous delivery arguments in a specific investment with a big, cheerful, and conversational voice.
• “Wealth, Taxes and Finance,” with John Cindia, talks about investment issues from two main angles – pensions and taxes – but turns these complex issues into simple statements that feel like fresh air.