Hacker News new | ask | show | jobs
by botskonet 3071 days ago
I've been using Stash to invest in some EFTs. I've only put in $50 to date and will put in more since the market is doing well but I did it more as a learning experience.

What would be the best way to learn, for someone looking to invest $500+, who's never done much investing before?

Outside of ~10 shares of Starbucks stock given to me when I worked there in 2001, this has been my only experience.

P.S. Those Starbucks shared have been long-lost - somehow they moved them from Schwab to another company and no one told me where/how). I forgot about them until today.

EDIT: Looking at my docs, I bought 7 shares at $18.275 in April 2001. The stock price is $60.55 today. I need to figure out who holds these and see what I can do to reclaim them.

EDIT2: I found them. I found where the original account was, called them and got the details. Sadly, the account was marked as dormant and I learned about "Escheatment". The stocks were cashed and the amount is now held by my state and I have go through several hoops to reclaim.

2 comments

There are two main schools for investing/stock trading. "Value investing" which is trying to buy company stocks that are undervalued and generally seeks to hold these stocks for a long time, and "technical analysis" which is focused more on predicting future stock price moves based on reading charts and is focused more on short time frame. Value investing is a more well-respected style but people have made enormous amounts of money from both. If you're interested in value investing I would just read everything warren buffett and charlie munger have ever created. For technical analysis I would just google it and explore and watch out for BS. Investopedia is a great beginner's resource for both.
To piggy-back on the other reply, since he went on recommending material for fundamental analysis, I'll go the other way and go on recommending material for technical analysis. If you're completely unfamiliar with the TA environment, I'd recommend heading over to https://www.babypips.com/learn/forex which is absolutely fantastic in your development of trading vocabulary.

After that, I would recommend reading Technical Analysis of the Financial Market by John Murphy, and books tailored to specific indicators (you can write me back if you wish and I can go more specific).

All the best!