/liberty/ - Liberty

>>61830

You can read some books on the manner? I mean investing and saving are not hard concepts to understand. To save money, you go and earn it and then proceed to keep it for a future project, and maybe even invest some of that money later on when you've got enough of it.

Set up a Roth IRA.

>>61855

Do you have any good books on this particular subject. I don't want to retire with no savings at all.

>>61878

The first and most important thing you can do is to educate yourself. However, this doesn't mean just grabbing any investment book and attempting the methods provided. There are many investment avenues from standard stocks and bonds, to commodities, real estate, options, currencies, crypto-currencies etc. Start with a place with a well-rounded approach for beginners such Investopedia. They have a free online academy, as well as a stock and forex simulator.

http://www.investopedia.com/

You could also just pop in to visit your employer's 401k advisor down in HR or even see a financial advisor. However, the advice they give you may not always be beneficial to you in the long run or even met your risk needs. Plus you can save a lot of money just by learning what to do and what not to do on your own without the need for paying for a financial advisor. You most definitely should be jumping into your employer's 401k, a roth 401k may be the best bet for you if you like the idea of putting away already taxed income in order to grow tax free from then on out. A roth 401k is also good if you are starting young and plan to have your salary increase over time. If your employer matches your contribution up to a certain percentage, make sure you at least contribute up to that level or you will be missing out on free money.

Down the road if you find finance really interesting and fun (which it is) you may want to broaden you knowledge and I recommend checking out the American Association of Individual Investors. They contain a wealth of knowledge on their site, plus they put out a monthly journal full of invaluable information.

http://www.aaii.com/

>live with family members to cut costs

>have stable source of income

>open Robinhood acct. if poorfag, Vanguard if slightly more richer

>Invest in blue chip stocks (ex. Home Depot, Wal-Mart, Rockwell Auto.)

>Invest in ETFs and Bonds, slow but much safer incase of a recession or in sudden unemployment

>continue investing, the compound interest will eventually kick in harder than VTec

>If investment dividends can loop itself, cash out certain amounts into a local bank/credit union account, like a CD, Money Market, or good-ol' Savings account. Consider Ally Bank incase if your local banks/unions suck ass.

also consider buying a smarter investment book, like that one the Vanguard/Boglehead founder wrote down a few years ago.

>>62411

>a smarter investment book

"A Random Walk Down Wall Street" is a pretty good one. I picked up a copy because it was the only investing book in my local book store that wasn't shilling some get-rich-quick scheme, and I was pleasantly surprised by it. There's a pdf of the 1999 edition here: ( http://site.iugaza.edu.ps/wdaya/files/2013/03/A-Random-Walk-Down-Wall-Street.pdf ). I haven't been able to find any newer editions online, but the general principles haven't changed much at all.