Where can I learn more about investing?
Put down that Suze Orman book and turn off Mad Money on the TV. Don’t worry, you can consult these sophisticated sources later, but first you need to learn general investment concepts. “Once you understand the basics and the vocabulary, then you can move to the next level, which is the philosophy of investing,” says Ruth Hayden, a CFP in St. Paul, Minnesota. You don’t want to blindly follow David Bach and Warren Buffet, you want to be able to understand their points of view and then decide if you agree with them. So start small and surf sites like MSNMoney.com, finance.yahoo.com, and Investors.com. Even big family funds, like Vanguard, TIAA-Cref, and Fidelity, offer basic, neutral stuff you need to know (they push their products elsewhere on the sites but the general info is useful). Flip through magazines like Smart Money and Money and get comfortable with the lingo. Then see what the big names have to say.
by Alonna Friedman
3/3/08
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