Are there simple walkthrough references for beginning investing?
I have failed to take sensible actions a few times with my savings because I’m stuck on stages like, how do I transfer money between my bank account and investment account, or how can I be confident that the investment I’m making is the investment I think I’m making. These are things that could probably be resolved in ten minutes with someone experienced.
Maybe I should just consult a financial advisor? In which case my question becomes how do I identify a good one/a reasonable fee/which subreddit should I look at for this first five minutes kind of advice?
Transferring money is usually done via ACH bank transfer, which is usually accessed in the “deposit” tab of the “transfers” tab of your investment account.
I’m not sure how to be confident in the investment in general. One simple way is to double-check the ticker symbol, e.g. MSFT for Microsoft, actually corresponds to the company you want. For instance, ZOOM does not correspond to Zoom Technologies, rather ZM is the correct ticker.
Talking to a financial advisor might be helpful. I have been told r/personalfinance is a reasonable source for advice, although I’ve never checked it out thoroughly.
I’m less concerned about ticker symbols and more concerned about things like shorting an industry and what defines that industry, or buying treasury bonds on the right timescale based on what my guesses on volatility are.
Are there simple walkthrough references for beginning investing?
I have failed to take sensible actions a few times with my savings because I’m stuck on stages like, how do I transfer money between my bank account and investment account, or how can I be confident that the investment I’m making is the investment I think I’m making. These are things that could probably be resolved in ten minutes with someone experienced.
Maybe I should just consult a financial advisor? In which case my question becomes how do I identify a good one/a reasonable fee/which subreddit should I look at for this first five minutes kind of advice?
Transferring money is usually done via ACH bank transfer, which is usually accessed in the “deposit” tab of the “transfers” tab of your investment account.
I’m not sure how to be confident in the investment in general. One simple way is to double-check the ticker symbol, e.g. MSFT for Microsoft, actually corresponds to the company you want. For instance, ZOOM does not correspond to Zoom Technologies, rather ZM is the correct ticker.
Talking to a financial advisor might be helpful. I have been told r/personalfinance is a reasonable source for advice, although I’ve never checked it out thoroughly.
I’m less concerned about ticker symbols and more concerned about things like shorting an industry and what defines that industry, or buying treasury bonds on the right timescale based on what my guesses on volatility are.