Investing Resources

Summary

• Books: Building a Solid Knowledge Base

• Apps and Websites: Staying Updated and Organized

• YouTube Channels: Learning Through Visual Content

  • General Overview

• Useful Links

Welcome back, fellow rookie investors!

Investing can be a scary world to walk into, especially if you're new to finance and feel overwhelmed by the endless options. However, just like any other topic, the key to success lies in preparing and gaining as much knowledge as possible before taking any drastic decision. Entering the world of investing without prior research is similar to letting a child decide your financial future, meaning it’s unpredictable and risky. Fortunately, there are a lot of free resources available to help you make informed decisions and create a smooth path towards your future.

In this article, we'll explore different free resources that can provide you with valuable insights and guidance as you start your journey. We will cover insightful books and apps, as well as videos that have helped me create an idea of how broad this topic actually is, but at the same time, how effective investing can be for you. So without further ado, let’s jump into it!

Books: Building a Solid Knowledge Base

Books are a very important and effective research tool for gaining deep insights and understanding complex topics. Here are some must-read books that can offer you different perspectives on managing finances and shaping your investment strategy:

• Atomic Habits by James Clear - This book jumps into the science of habit formation and how small changes can lead to remarkable results. Understanding these principles can help you develop disciplined investment habits.

• Think and Grow Rich by Napoleon Hill - This is a classic in personal finance literature because it explores the mindset and principles that can lead to wealth accumulation.

• The Subtle Art of Not Giving a F*ck by Mark Manson - While this book is not a traditional finance book, it provides valuable insights on prioritizing what truly matters, which can be applied to making focused and meaningful investment decisions.

And on the other hand, some books that I still haven’t gotten the chance to read but are on my wishlist are:

• The Psychology of Money by Morgan Housel - This book offers profound insights into how emotions and psychology impact financial decisions.

• Never Split the Difference by Chris Voss - Here, they show you how learning negotiation skills can be incredibly useful in the investment world.

• Rich Dad, Poor Dad by Robert Kiyosaki - This book is an iconic book that contrasts different approaches to wealth building and financial independence.

Apps and Websites: Staying Updated and Organized

In today's world, apps and websites can be your best allies in tracking the market, staying informed, and organizing your investments. Here are some of the apps and websites I use to keep up with all the changes happening around the world every day:

• SeekingAlpha - This platform offers market news, analysis, and investment research, making it a comprehensive resource for investors of all levels.

• JustETF - This site provides detailed information and comparison tools. It’s ideal for those interested in Exchange-Traded Funds (ETFs).

• Financial Times - A reputable source for global financial news and market trends, essential for staying updated on economic developments that could impact your investments.

• Getquin - This app not only helps you track your dividends but also connects you with a community of investors, allowing you to share insights and strategies. We already mentioned it in previous blogs so be sure to check them out!

YouTube Channels: Learning Through Visual Content

Sometimes, watching and listening can make complex topics easier to understand. YouTube offers some channels dedicated to investing, where investors and people sharing a passion for finance can come together by sharing their knowledge and tips. Here are some channels worth subscribing to:

• Smart Money with Kai - Kai provides straightforward advice and strategies for managing and growing your investments. He also has an open portfolio so everyone can see what decisions he makes.

• Mark Tilbury - Known for his practical tips and engaging content, Mark offers advice on various aspects of investing and financial management.

• Iman Gadzhi - While Iman is primarily focused on entrepreneurship, his content also covers investment strategies.

• Humphrey Yang - Humphrey simplifies complex financial concepts and offers practical advice for new investors.

• Mitch Investing - Mitch’s videos are all about sharing insights on stock picking, market analysis, and personal finance.

• Damien Talks Money - Lastly, Damien's channel covers a broad range of financial topics, making it a great resource for comprehensive financial education.

Diving into the world of investing without proper preparation can lead to uncertainty and potential losses. However, with the right resources, you can navigate this journey with confidence and clarity. By utilizing these free resources, you'll be better prepared to make better decisions, develop effective strategies, and ultimately, achieve your financial goals. Remember, investing is a marathon, not a sprint. Take the time to educate yourself and build a strong foundation for long-term success.

Next week, we will talk Why Early Investing Matters. Without further more, keep smiling, keep learning, and I'll catch you next time!

Trevor

Disclaimer: This post is NOT financial advice. It is intended for educational purposes only. Investing involves risks, and there is a possibility of losing capital. Always conduct thorough research and consider consulting with a financial advisor before making any investment decisions. Your financial well-being is important, so please invest responsibly.

General Overview

Useful Links

Be sure to check the following website, where you'll find various links to the apps and websites I use daily. All these resources are free to use, and by utilizing my links, you'll not only support Dividend Rookie but also elevate your financial game to new heights!

Check it out HERE!

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