Iāve used a Freetrade for around a year now and love it, itās always been a good app run by a good team.
Recently I unfortunately had a serious accident, breaking my spine, neck and skull, along with many other things. This means that for a long time, I can do nothing by lie down and glance at my phone.
As a result, I was wondering if thereās a good place to go to learn about investing. I obviously have no money coming in at the moment so Iām not looking at going into serious investment, but the money in my account is there to play with.
So far Iāve basically plaid it that I learn about a company, I think itās going to do well, I look at how the price has been doing on Yahoo finance, then I decide whether to invest or not. But I know there is a huge amount I donāt understand with regards to shares. I know there are somehow different markets, I have no idea how it physically works (how shares are actually held and transferred etc), what is and isnāt allowed, etc.
So yeah, I guess I was wondering if anyone could suggest links to where I could learn this sort of stuff online?
Hi @ByteSlinger your post must have got lost yesterday as the community normally are happy to help.
First of all I hope having a broken spine is better than Iām imagining but I doubt it. Hope you have a speedy recovery.
Iāve build what ever knowledge I have over years and not from any specific source but if youāre looking for something to occupy your time the videos by Aswath Damodaran are amazingly in-depth - maybe to deep!
If youāre able to read a book, then I would recommend:
One up on Wall Street
Or
Beating the Street
Both by Peter Lynch. Thatās where I learned a lot of my investing philosophy from and it seems to be going well, up about 120% across various different investments over the last few years. You can Google him to find out more about him, he was arguably the most successful investment fund manager, invested in the 80ās and 90ās.
The books are not like boring technical stuff, theyāre meant for the lay person and written in an entertaining way (as interesting as investing can get).
Echoing what some of the above comments have said, but hereās a list of good broadly accessible Youtube channels on investing / personal finance. They are all professionals who wonāt try and sell you a particular investment, avoid the gurus who will try and convince you there is an easy way to beat the market.
Aswath Damodaran has great content with a bit more depth and if you have a few hours to kill you could work through a Valuation 101 series, which basically teaches valuation from the start without much assumed knowledge.