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What are good mentors, youtubers, or podcasts to obtain more knowledge of the stock market?

I know a few about the stock market but I want to be able to have the required amount of knowledge of the stock market to be confident in the investments I will be putting in. #business #career #finance #investment-management

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Nicole’s Answer

Hi Raymundo P. Thanks for this awesome question!

Investing....so the good news is there is no shortage of advice floating around about how, where, when to invest...umm...and that could also be the bad news :).

I share with you that my first engineering job was actually for an investment bank. One of my first tasks in that role was to do some reading...about the stock market. I highly recommend this book "The Wall Street Journal Guide to Understanding Money & Investing". It isn't a long read and depending on your level of experience in investing, it could be great start to understanding the fundamentals of how the stock market works. I knew nothing about the stock market when I took on my first job but my decision to start my career in that area was one of the best decisions I ever made.

An additional piece of information... there is a whole cable news channel that is dedicated to the news, views and details around stocks and companies, along with company current and future plans for growth. This cable news channel has a long history of sharing information with the everyday investor and invites company CEOs, CFOs and stock advisors to give their perspectives on performance and future trends.

May be worth taking the time to do a bit more research and understanding. I suspect that in getting a handle on some of these more basic elements of information, you will get some more informative direction on what podcasts, etc will benefit you.

Best of luck to you!
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Mark’s Answer

Raymundo,

I love this question. In my opinion, the earlier you start to understand the stock market, and the earlier you start to invest, the better off you will be later in life. Yes there are risks, but time is on your side with the stock market.

I highly recommend a few things:
1. Read the book "How to Make Money in Stocks" by William O'Neil. The updated fourth edition. This book has a wealth of knowledge. Much of it is difficult to grasp, but I have used it multiple times for specific scenarios and it always teaches me more.

2. If you are on Twitter, follow the following professionals:
@Trendspider_J
@Trendspider
@HeroDividend
@Dividend_Dollar
@BahamaBen9

3. Read often articles on The Motley Fool website www.fool.com.

4. Learn how to chart and do analysis. www.TradingView.com is a free resource that I use daily.

I strongly encourage you to start out with ETFs which hold many stocks vs simply diving in to more complex areas like individual stocks or options. But start early even if putting $10/mo or more. You can invest in fractional shares even with minimal money.

Best of luck!!
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Marcel’s Answer

Hi,

YouTube channels that are helpful: MIT Open Courseware (Corporate/Business finance course), Money and Macro is another channel with good macro data.
Books: Market/Hedge Fund Wizards. Good stories about portfolio managers.
Online Courses - Free websites: checkout accounting and finance courses on Coursera or EDX.
Online Courses - Paid: Brilliant has good math and finance intro courses. You can also checkout Code Academy, they have finance related programming courses that you may find interesting (some are free others are paid).
Podcasts: Odd Lots, Exchanges at Goldman Sachs, The Economist Podcast.

Hope this helps!
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Phil’s Answer

For personal finance, The Psychology of Money by Morgan Housel and The Millionaire Next Door by Thomas J. Stanley are absolute must-reads!

Also, another vote for Howard Marks' memos!
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Patrick’s Answer

I was asking myself this exact same question over Christmas time this past year, so I decided to look into it. YouTube is a great resource for a few reasons. You can visually learn as well as audibly learn. Since your hashtags deal with finance, I would suggest literally typing your question into YouTube and watching the first few videos to find some information about what you're searching for. One of the best pieces of advice I've ever heard came from this exact process from an extremely well known investor. I won't tell you what he said, but it was Warren Buffet. The people who are famous in their industry are famous for a reason, so when they speak about their area of expertise, just listen. It might not be relevant to you, but you might find something else that is. I personally also listen to Barron's Podcasts, Daily Stock Market Update, and read research I can find online.
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Noah’s Answer

Check out Warren Buffett and Charlie Munger's videos on Youtube (from their annual shareholder meetings). Their annual letters to shareholders are also freely available online and are a great read.

Secondly I would recommend Howard Marks' memos to Oaktree Capital shareholders (also available for free online).
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David’s Answer

A classic book for aspiring traders is Market Wizards by Jack Schwager. It gives a first hand account of a few all time great traders. For something more recent, the Odd-Lots Bloomberg podcast is excellent.
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