Guidance for a young investor

what is the best thing I can do now to further expand my knowledge of the investing world.
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Check out the book 'Devil take the Hindmost' . It is a fascinating read about the history of speculating/trading/investing through history - it covers all the big bubbles, manias, bull & bear markets, fraud/scandals, government interventions, and how the cycles replay over and over for centuries now. It gives you a whole new perspective and you will learn a lot about how the various trading instruments evolved - a must read for anyone really into the markets.
 
"Wealth management is 80% sales and 20%. Your goal is to generate revenue not multiply money." - never thought about it like that before. It really changes my perspective on wealth managers!
 
Yeah, it is all about increasing revenue for the company you work for... in most industries. I'm sure the goals are aligned with the clients half the time or even the majority of the time. But they are always looking for more revenue... that is what their pay is based on. Just my opinion but I believe it is true.
 
comagnum said:
what is the best thing I can do now to further expand my knowledge of the investing world.
_____________________________________________________________________________

Check out the book 'Devil take the Hindmost' . It is a fascinating read about the history of speculating/trading/investing through history - it covers all the big bubbles, manias, bull & bear markets, fraud/scandals, government interventions, and how the cycles replay over and over for centuries now. It gives you a whole new perspective and you will learn a lot about how the various trading instruments evolved - a must read for anyone really into the markets.
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Agree, great book. That and fooled by randomness are life changing when combined.
 
joarbana said:
So here's the scoop,

I have been involved with investing (well more like speculating) with stocks for about 2 years now. My account is relatively small (bouncing between 1k to 4k) and I've had a few successful trades and a few unsuccessful to go along with it. I tend to get better the more I dive into it, but at the moment I'm currently tied up in DHT which I bought for 4.40 and has plunged to 3.90. So while I wait around for that stock to rebound or make my decision on when to sell I wanted to keep on learning as much as possible about the stock market/bond market.
I plan on going to school for finance which Is all paid for thanks to the military and pursue a career in Investment/Wealth management. I've read up a lot on the philosophy of investing (a lot of ben graham books) and stuff here and there. I understand stocks/etfs/etns fairly well and am fairly knowledgeable about bonds. Options I understand but I feel like I have so much to learn.
My question to anyone reading this is what are good resources and reliable places to look for information on todays investing world and where to learn more in depth on things such as options. And what is the best thing I can do now to further expand my knowledge of the investing world. Id also love to learn about how all the taxes work behind it.

So in summary, Moderate knowledge, I just want more in depth. I know how everything works for the most part just not the inner workings of a lot of things.

Thanks!
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I suggest you concentrate on trading, and trade small. You have a lot to learn. Learn how to trade well, and don't worry about making money. Making money is almost automatic if you trade well. Trading well means being patient, and taking only good setups. Cheers!
 
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