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Investing

Learning How to Invest!

Cityscape of Chicago downtown and Riverwalk.

This site is about learning to invest. Our goal is to help the new investor begin to invest and move forward in becoming a Fiscal Investor. The made goal is to begin to create wealth through investing. This takes discipline, dedication, and education. We will be introducing education, tools, websites and much more to help you become more of a Fiscal Investor. Patience, education and dedication are two most import traits you need to develop. They often say if you read the Wall Street Journal for 15-30 minutes a day for a year, in one year you will have as much knowledge of the market as a Wall Street Professional. I don’t know about that but you will have a great idea on how to begin the journey to be a Fiscal Investor. You complete a marathon 1 step at a time, 1 mile, etc. The goal is to finish at your pace but do it as fast as you can. Still you need patience. It doesn’t happen overnight.

Websites to help you get there. We will be working to educate you on your growth. Start slow, get advice as needed from Financial Advisors, stay consistent and keep educated. Here are some ways to start.

  1. How much can you invest? How much can you start with and how much can you do monthly?
  2. Are you maxing out your 401k or IRA? You should start this ASAP. Give as much as you can, the tax benefits are huge. You will not notice them now but in 10-20 years you will.
  3. If you have less than $10,000 start small. Look at mutual funds or ETF’s. We would suggest S&P 500, Russell 2000, etc. YOU should not be buying stocks until you have at least $10,000 in investable funds.
  4. Stay diversified. This is very important. You should make sure you have 5-10 different style of investments. Don’t go to big in diversification as you need to be educated and follow your investments. Most people can’t follow more than 5-10.
  5. Be consistent. Keep adding to your investment category. More on dollar cost averaging in time.

Here are some great sites to help with investing ideas.

  • Top Sites
    • American Association of Individual Investors (AAII)– Great site for stocks, planning, screening, etc.
    • Morningstar – Great source for Funds and ETF’s.
    • Trading View– This is a great site for technical analysis. More to come on this topic soon.
    • Yahoo Finance– Great for news and portfolio tracking. The portfolio gives you a good idea of premarket opens and easy to follow your stocks on any device you have (mobile phone, desktop and tablet)
    • finviz– Great for stock screening. This is more advanced.
    • Seeking Alpha -Great site for trending ideas (be careful, you should never follow the heard).
    • Investopedia– Great for education. It has a wealth of information.
    • NerdWallet– Great site for financial planning.
    • Bankrate– Great site for Interest Rates on many different financial products.

Tips on Screening Ideas

Please reach out to info@fiscalinvestor.com with any concerns you may have. We look forward to hearing from you.