8 Resources That Will Make You Smarter About Investing (2024)

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8 Resources That Will Make You Smarter About Investing (1)

Flickr / Tony Alter

Investing can be a daunting concept.

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But it's not like there aren't enough resources out there to help.

The problem is choosing which ones to use.

After weeding through numerous investing apps, podcasts, websites, and books, here are some of our favorite resources to help nearly any investor build their expertise.

It's not an exhaustive list, by any means — but it's a good place to start.

1. WEBSITE: Investopedia's Investing 101 tutorial

Why we like it: Their complete guide to online brokers offers comprehensive details for investors of all experience levels.

Best for: People with little or no background knowledge when it comes to investing, who want to educate themselves before getting started.

2. WEBSITE: Motley Fool

Why we like it:Motley Fool'sgoal is to build "the world's greatest investment community." It has a variety of resources to choose from, including a website, books, a newspaper column, a radio station, and a newsletter.

Best for:Motley Fool offers something for every kind of investor. They have free features such as a stock-rating service, or fee-based services (their newsletter), so you can choose exactly how you want to learn.

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3. WEBSITE: BlackRock Blog

Why we like it: BlackRock is an asset manager, but The BlackRock Blogcovers a wide range of topics under the investment umbrella. Its posts are written by CFAs and other professionals, so you're getting expert advice for free.

Best for:People with a grasp on investing, who want to get more in-depth with their discussion of strategies and products.

4. APP: Yahoo Finance
Yahoo Finance / iTunes

Why we like it:This appallows you to create a personalized list of the stocks you want to watch most closely. It then provides you with a personalized news stream, along with real-time stock market quotes.

Best for:People who are looking for an easy and streamlined way to stay on top of both specific investments and the state of the market.

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5. PODCAST: The Money Tree Investing Podcast

Why we like it:This weeklypodcastfeatures a panel of four investing experts who interview a special guest each episode about something related to investing, passive income, or personal finance. The panelists then discuss the interviewee's responses. Recent guests include Preston Pysh, founder of investing strategy site BuffettsBooks.com, and Lauren Brouhard, the senior vice president of retirement solutions at Fidelity Investments.

Best for:People who want a lot of different, educated perspectives on investing. It's also great for those who want to learn when they're on the go (like during a commute).

6. BOOK: 'MONEY Master The Game,' by Tony Robbins

8 Resources That Will Make You Smarter About Investing (3)

Amazon

Why we like it: Life coach Tony Robbins talked to over 50 personal finance legends — think Warren Buffett and Carl Icahn— for research for this book. He then created a seven-step plan that anyone can use to achieve financial freedom.

For a preview, check out Robbinsdebunking investing mythsfor Business Insider.

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Best for:People with some time on their hands for reading, and who want to learn from other people's experiences. You'll walk away withinvesting tipsand life tips.

7. BOOK: 'The Little Book of Common Sense Investing,' by John C. Bogle

Why we like it:This book, endorsed by Warren Buffett, explains specifically how to use index funds to build wealth. Author John C. Bogleis the founder of the Vanguard Group and creator of the world's first index mutual fund.

Best for: People who want to learn why relatively straightforward index funds can be so effective, with an in-depth analysis of investment strategy.

8. BOOK: 'The 5 Mistakes Every Investor Makes And How To Avoid Them,' by Peter Mallouk

Why we like it: This book, which Business Insider has written about,points out some of the most common mistakes investors make — and their serious financial consequences. Mallouk is a certified financial planner, asset manager, and the president and chief investment officer of a leading fee-only wealth management firm.

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Best for:Investors who are interested in the psychology behind investing, and don't want to let themselves get in the way of growing their wealth.

Sarah Schmalbruch

Sarah writes for the travel vertical at Business Insider. She graduated from Syracuse University with a degree in magazine journalism and German. She is from Chicago, and currently lives in Brooklyn.

8 Resources That Will Make You Smarter About Investing (2024)

FAQs

8 Resources That Will Make You Smarter About Investing? ›

The main sources of investment resources include: profit, depreciation, IPO, long-term loans of banks, issuance of long-term bonds, leasing.

What are the best resources to invest in? ›

Overview: Best investments in 2024
  1. High-yield savings accounts. Overview: A high-yield online savings account pays you interest on your cash balance. ...
  2. Long-term certificates of deposit. ...
  3. Long-term corporate bond funds. ...
  4. Dividend stock funds. ...
  5. Value stock funds. ...
  6. Small-cap stock funds. ...
  7. REIT index funds.

How can I get smart about investing? ›

Sign up for Kiplinger's Free E-Newsletters
  1. Do your research first. “I would advise newbies to do thorough research before investing. ...
  2. Develop a sensitivity to fees. ...
  3. Learn about different risk/reward profiles. ...
  4. Avoid acting like a trader. ...
  5. Understand the benefit of dollar cost averaging. ...
  6. Seek out professional help.
Jan 4, 2024

What are resources in investing? ›

The main sources of investment resources include: profit, depreciation, IPO, long-term loans of banks, issuance of long-term bonds, leasing.

What are 2 things to keep in mind when you start investing money? ›

  • Have a Financial Plan. ...
  • Make Saving a Priority. ...
  • Understand the Power of Compounding. ...
  • Understand Risk. ...
  • Understand Diversification and Asset Allocation. ...
  • Keep Costs Low. ...
  • Understand Classic Investment Strategies. ...
  • Be Disciplined.

What is the smartest thing to invest in right now? ›

11 best investments right now
  • Money market funds.
  • Mutual funds.
  • Index Funds.
  • Exchange-traded funds.
  • Stocks.
  • Alternative investments.
  • Cryptocurrencies.
  • Real estate.
May 6, 2024

What are the 3 most common investments? ›

There are many types of investments to choose from. Perhaps the most common are stocks, bonds, real estate, and ETFs/mutual funds.

What is a smart investment? ›

This means holding a variety of investments across asset classes – mutual funds, gold, stocks, bonds, real estate, etc. The intention behind diversification is that if a single product doesn't deliver the expected output, another one will, keeping the market's volatility in mind.

What is a smart investment plan? ›

A smart investment plan is an investment option which allows you to hit multiple targets with a single investment. You can also use different features of the smart plan to achieve different goals. ULIP Investment Plan for Smart Investment.

How to wisely invest $100? ›

18 Best Ways to Invest 100 Dollars Right Now
  1. Invest in Rental Homes. ...
  2. Invest in Local Businesses. ...
  3. Invest in Real Estate Investment Trusts. ...
  4. Micro-Invest. ...
  5. Invest in Crypto. ...
  6. Build a Blog. ...
  7. Buy Quality Books. ...
  8. Invest in Relationships.

What are the 7 main resources? ›

Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water. Animals, birds, fish and plants are natural resources as well. Natural resources are used to make food, fuel and raw materials for the production of goods.

What are the four types of resources? ›

Economic resources can be divided into four categories: labour, land or natural resources, capital, and entrepreneurship (entrepreneurial ability). Labour refers to human effort and talent. Natural resources are resources, such as land, oil, and water.

What are these resources? ›

Resources are anything that has utility and adds value to your life. Air, water, food, plants, animals, minerals, metals, and everything else that exists in nature and has utility to mankind is a 'Resource'. The value of each such resource depends on its utility and other factors.

What is the secret to investing? ›

By saving regularly and invest ing regularly in these and other investments, you too will be able to claim your rightful share in the ownership, growth, and rewards of the economy. In addition to work ing hard and saving regularly, the biggest secret of getting ahead is investing in ownership.

What should a person do before investing? ›

How to start investing
  • Decide your investment goals. ...
  • Select investment vehicle(s) ...
  • Calculate how much money you want to invest. ...
  • Measure your risk tolerance. ...
  • Consider what kind of investor you want to be. ...
  • Build your portfolio. ...
  • Monitor and rebalance your portfolio over time.
Apr 24, 2024

What's the best investment to invest in? ›

10 ways to invest money for beginners
  1. High-yield savings accounts. A high-yield savings account enables you to earn far more interest than you could with a traditional savings account. ...
  2. Money market accounts. ...
  3. Certificates of deposit (CDs) ...
  4. Workplace retirement plans. ...
  5. Traditional IRAs. ...
  6. Roth IRAs. ...
  7. Stocks. ...
  8. Bonds.

What is the most profitable to invest in? ›

The 10 best long-term investments
  • Bond funds.
  • Dividend stocks.
  • Value stocks.
  • Target-date funds.
  • Real estate.
  • Small-cap stocks.
  • Robo-advisor portfolio.
  • Roth IRA.

Where to get 10 percent return on investment? ›

Summary of the best investments with 10% ROI
  • Private credit.
  • Individual stocks.
  • Real estate.
  • Fine art.
  • Debt.
  • A business.
  • Private startups.
  • Cryptocurrencies.
Jan 4, 2024

What is the safest investment with the highest return? ›

Overview: Best low-risk investments in 2024
  1. High-yield savings accounts. ...
  2. Money market funds. ...
  3. Short-term certificates of deposit. ...
  4. Series I savings bonds. ...
  5. Treasury bills, notes, bonds and TIPS. ...
  6. Corporate bonds. ...
  7. Dividend-paying stocks. ...
  8. Preferred stocks.
Apr 1, 2024

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