Investing is the art of putting your money to work for you, and at the very least, you should know the basics of this useful skill.
The issue is that investing seems like an enormous amount of work, and to someone who has not done it before, it looks quite intimidating.
The truth is that investing is like anything else, which means that it can be learned with a little bit of effort.
Consider these low-cost sources for learning how to invest:
1. Investopedia. When you want a thorough and free education regarding investments, make sure that you consider checking out Investopedia. This is the perfect tool for someone who is interested in the basics, and you will find that it can make a big difference to your understanding.
2. The Motley Fool. When you want to learn more about the market the way it is and in real time, The Motley Fool is one of the best sources around. This site has been around for many years, and it is one that attracts both newcomers and old pros.
3. Stock Simulators. If you want to learn about how you would do in the stocks game, make sure that you start looking into stock simulators. You can use imaginary money to play the real market, showing you what you would have made if you had actually invested that cash.
4. CNN Money. CNN Money has many resources for financial causes of all kinds. They address investing in a serious way, and they tailor their work for people who have never spent any time in finance at all. This is a fine option when you are looking for something fairly basic.
5. Investing for Dummies. The ‘for Dummies’ books are iconic at this point, and if you are someone who is not always comfortable reading things online, Investing for Dummies is a great starting point. Consider this book when you want to dip your toe in the water.
6. Investor.gov. At Investor.gov, you will find a government sponsored website about the basics of investing. This is a great website, though compared to the others it is a little bit dry. Consider using this site and one of the more exuberant beginner sites to get the right feel for what you can expect from investing. This is another good source of information that can help you get the basics down.
7. Take a Class. There are many community college courses out there that are devoted to the idea of helping you make the money that you need. These courses tend to be less expensive than university courses, and on top of that, they can give you access to more tools on top of the ones listed above.