Where to Do Your Investing

In the previous post, I wrote about the “what” and “why” someone would want to do investing of savings on their own rather than through financial advisors or pre-packaged bank products like Guaranteed Investment Certificates (GICs) or mutual funds. Some might be good for diversification of your portfolio, yes, though if you had time on your hands to let those savings grow, they’re not the best bets. Index funds or Exchange Traded Funds (ETFs) that basically give you a sample of the stock market that always outrun inflation and even 92% of financial advisors, as well as mutual funds that are some “average” of some investing by others, minus fees by the bank or institution offering them, are your best option with time. Then there’s the riskier stock picking, of course. But index funds, ETFs, and stocks, how do you do this on your own?

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The Surest Bets of Stock Market Investment

As mentioned yesterday, I’ve not been writing lots, poetry or prose, due mostly in part to power learning investing in the stock market. It’s long, long overdue I should have done this and lost a lot of opportunities in not having done it earlier, if I had generally taken the “safe” route. Mind you, what I learned recently wasn’t easily, and possibly as nicely, available just several years ago, so I might have been disastrous at it for all I know. Hence, I won’t berate myself too much on the cost of my procrastination as lately as the winter of 2020 when I was going to do this, and ended up learning all the world art history available on Khan Academy. But now that I feel I have a good grasp of things, I’m going to write about it. Why? CERTAINLY NOT to give advice! That’s for sure! No. Why I’m going to be writing about it is from a Chinese philosophy near and dear to my heart, which says you don’t truly know something until you can teach it. Now, I’m not going to “teach” all of investing in this and future posts about investing. No. Far from it! There are great full courses online likeĀ Wall Street Survivor where you can get all the info. I’m just going to “teach” my approach, which pulls out the most essential information from all that craziness, and why it’s “good”. Hopefully, with time, I’ll also be able to prove it with data on my outcomes, because getting rich slowly isn’t hard. It’s only trying to get rich quickly that is. So let’s get started!

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