Freshman starting a brokerage account?? How to start Investing ?What to do?
First year at college studying applied mathematics and data science as it seems to be the best bet for the future and considering how the world is changing even though I want to become a businessman/Investor.
I have already read a lot of investing books,letters to shareholders(Buffet) and Howard Marks investment memos,financial reports,10K's . I have started a brokerage account to start investing.But I am stuck .There is so much confusion about the economy,pandemic,stocks are at high valuations (In my country they are at all time high).And I don't think I know enought to invest in individual stocks ,so should I just invest in an ETF for now ?What to do .The more is learn ,the more I think I dont know so I'm stuck in analysis paralysis.Moreover I dont want to lose money by being stupid??
What to do ?
Oh great another FRESHMAN
Put money into rainy day fund in case shit hits the fan, pay off student loans or save up to pay loans and then after you have done all of that allocate a % of money into a broad index and dollar cost average. Paper trade for now and follow the markets on a daily basis given your limited capital.
If you don’t know where to start...two words: index ETF.
I think an interesting route to take is to invest in ETFs surrounding certain industries you may find interesting (say, semiconductors), research and keep up with the industry, and then as you become more comfortable with the area you can begin identifying potential alpha within those industries. just an idea though! Also, there is no better teacher than having skin in the game (money).
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