LateInvestor.com

Getting Started With Beginner Investing Research, Reading Investing Online for Dummies

Posted on the May 19th, 2009 under Beginner Investor, Beginning Investment Strategy by Jeff the late investor

Day 1 I’m starting out with NO prior knowledge of investing, and almost no financial knowledge at all. As I said, I started my research at the library: The book I’m going to start with is ‘Investing Online For Dummies’ . I’ve never been a big fan of the ‘for Dummies’ line for learning computer programming, but I figured that since my ‘cup is empty’, something so popular geared toward a rank amateur such as myself would at least give me the basics to build on.
I can say I’ve already learned a couple little things about beginning investing, and 1 big thing for the beginner investor from it. It’s not a terrible read, it’s a little dry, which is to be expected, but more importantly is the big thing about beginner investing that I learned right off the bat. There are 2 kinds of investors - which type of investor you are will determine how much money you make. That’s about the simplest I can put it. Red the rest of this post to find out which type of investor I am, and which kind you are. This is dead simple and this basic beginner investor step could seriously determine your investing for the rest of your life.

Active Investor:
This is what I think of when I think of ‘Day Trader’. That may or may not be totally accurate, but I can remember a couple people I’ve known who would moan and groan about how much they had lost on the markets, and then see them feverishly chasing their losses by doing a lot of trading all at once to try and either take their mind off their losses, or make it back quickly,

Passive Investor:
As soon as a read the description of a passive investor, I knew this would be for me. Why? Because like too many people these days, I don’t have very much money to invest! This makes me particularly risk-averse.

Come back tomorrow to continue reading along with my research into how to start investing for total beginners.