• Sharebar

Hi,

I'm currently a freshman in college who is planning on majoring in finance, however I am still very raw. I go to a non-target, but a couple kids a year are able to make it up to high finance each year and there is an investing club most of them are in that I joined.

At meetings they talk about typical stuff: how the markets are doing, networking, commodities, the crisis in Europe, Feds role, etc... A lot of the times I'm not completely clueless but I don't know near as much as even the other freshman, and usually just listen (sometimes the club feels more like a class, which is a good and a bad thing at the same time). I can somewhat follow along with the current event stuff since I read a lot of the headlines and what not but I am horrible with the markets and when they get kind of technical I get lost. Reading WSO helps with some of this stuff, but I am still really ignorant.

What can I do to learn more? Next year I'm thinking about getting a student subscription to the Wall Street Journal, that will help I think. What else can I be doing reading? People say it is as easy as keeping up with the news, but idk it seems harder to me than that.

What beginner finance/investing books can I read? Then progress on to more advanced books. I tried to read "Too Big to Fail" last summer and I couldn't understand a lot of it because of the financial terms and what not. I feel like I should start with a dummies book or something to give me a basic framework.

Any good blogs/websites? Any other tips/advice?

Thanks

The WSO Advantage - Investment Banking

Financial Modeling Training

IB Templates, M&A, LBO, Valuation + Learn More.

IB Interview Prep Pack

30,000+ sold & REAL questions Learn More.

Resume Help from Actual IB Pros

Land More IB Interviews. Learn More.

Find Your Perfect IB Mentor

Realistic IB Mock Interviews. Learn More.

Comments (9)

  • wsrookie's picture

    Haha yeah thanks. I'm very familiar with Peter Schiff and love his videos (starting with the ones with him predicting the crisis to countering the OWS people).

    Thanks, I'll check the other stuff out soon! Good to hear it eventually starts to "click".

  • junior2012's picture

    don't read the WSJ its very low quality
    Bloomberg is just as good and its free

    if you want to get up to speed fast, I would set aside a bit of time each day just to read, depending on how busy you are
    anything you don't understand, google it (usually wikipedia, investopedia are pretty helpful)

    IMO if you want to get a better understanding of whats going on, just following the news (like with the WSJ or FT or Bloomberg) is probably not going to help you much. They tend to report on the daily movements of stuff (which are sometimes important, but are generally not) and give of daily updates on how events are progressing, but without the long-term picture.

    I feel like there are many blogs/other internet resources that you would probably find much more helpful

    some sites I like:
    zerohedge.com (have a strong bearish bias)
    abnormalreturns.com
    calculatedriskblog.com
    creditwritedowns.com
    marketfolly.com (more for stocks)
    globaleconomicanalysis.blogspot.com/
    pragcap.com
    soberlook.com (really good site, lots of original analysis)

    most blogs have an rss feed, so you use an rss reader (like google reader) to accumulate blog entries from them automatically as they get posted. this way they're all in one place

  • Benjammin822's picture

    When you're reading a blog post, news article, etc., if you come across a term or concept you don't understand, look it up on Wikipedia or Investopedia. Investopedia has a lot of good resources if you're just starting to get familiarized with basic terms and concepts.

  • melvvvar's picture

    go ahead and start commenting on financial jobs, the industry and the market. your level of knowledge is on par with 99% of the posters on WSO.

  • wsrookie's picture

    melvvvar:
    go ahead and start commenting on financial jobs, the industry and the market. your level of knowledge is on par with 99% of the posters on WSO.

    lol

    And thanks Ben822, makes a lot of sense.

    Thank you very much junior 2012, thanks for the big list. We talked about zerohedge in my club one time and I follow them on twitter. That list was very helpful!

    And I did not know that about WSJ, and you make a good point about Bloomberg, free is better than paying for a subscription and I could just do what I do now, bum off my friend who subscribes.

    Thanks everyone. I really like finance and am interested in it but I started to question whether or not this was the path I wanted to take because I wasn't really "getting it'. But at the same time I haven't taken the time to learn or educate myself.

    Thanks!

  • guyfromct's picture

    To unlock this content for free, please login / register below.

    Connecting helps us build a vibrant community. We'll never share your info without your permission. Sign up with email or if you are already a member, login here Bonus: Also get 6 free financial modeling lessons for free ($200+ value) when you register!