Gone are the days when you would turn your portfolio over to a stockbroker and hope for the best. This is not your father’s investing environment. The world is more interactive now, and hope has been replaced with control. We all want to have more influence over our financial destiny, and technology has risen to the task in some very practical and productive ways.
Familiar trading platforms such as Schwab, E*Trade, Scottrade and others offer self-directed trades at a discount, but how can new investors learn how to research investment choices, practice these new skills in a risk-free environment, and get ongoing training and support?
Interactive Trader might be the answer for those who are new to the online investing world. Interactive Trader has held events, sponsored by and in partnership with Kevin O’Leary, to help anyone who wants to take trading to the next level. Jeff Tomasulo, Co-Founder of Vespula Capital and Interactive Trader user, explains why investors will want to get up to speed before signing on to one of the trading platforms. “Anyone can tell you it’s easy to safely run your own investments. I’m telling you it’s not,” warns Tomasulo. “Before risking one dollar of your hard-earned money, make sure you get the training (including mock practice sessions), and have access to the continuous education you will need to succeed. The technology, education and support provided by Interactive Trader were all designed for that.”
The combination of technology, education and support described by Tomasulo seems to be working for Interactive Trader and its customers, who now number 6,500. Access to the platform is fairly cheap, at $30 per month. The education and coaching packages are tailored to individual investors, and priced accordingly.
There are, of course, many ways to get up to speed before entering the fast-paced arena of stock trades. Here are three best practices:
Best Practice # 1—Do You Know a Successful Trader?
Maybe your father really is a savvy and successful investor who is more than willing to teach you the ropes. If so, you have found your mentor. Few people would like to see you do well more than he. Maybe it’s an uncle, neighbor or coworker. In any case, you may have someone in your network right now that can help.
Best Practice #2—Read Books
Any of the following links will get you moving in the right direction:
Aug 21, 2016 - The Intelligent Investor: The Definitive Book on Value Investing. The Essays of Warren Buffett: Lessons for Corporate America. Value Investing: From Graham to Buffett and Beyond. Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Run Investment Strategies.
Jun 23, 2017 - These five classic investing books can provide indispensable business and finance insights for young investors. "Rich Dad, Poor Dad" (2000) by Robert Kiyosaki. "The Essays of Warren Buffett: Lessons For Corporate America" (1997) by Warren Buffett. "Beating the Street" (1994) by Peter Lynch.
Mar 14, 2017 - When it comes to learning about investment, the internet is one of the fastest, most ...
The Only Two Investing Books You Really Need to Read ... recommendation is a little devious, because these two books disagree on a pretty fundamental point.
Discover the best Investing in Best Sellers. Find the top 100 most popular items in Amazon Books Best Sellers.
www.marketwatch.com › Investing › BookWatch
Jun 28, 2017 - I get asked all the time by friends and investors variants of the same question: “If you could give someone just one comprehensive book to learn ...
Dec 24, 2016 - Jack Bogle, the father of the index fund, helped revolutionize investing. Bogle has written many books, but this relatively short one contains a ...
Dec 17, 2010 - With analysis and advice that will add to any investors' knowledge, these investing books are investments themselves. Read up!
May 3, 2017 - There are many investing books out there that can help investors expand their stock education. This list highlights 20 great wall street books ...
Jun 26, 2017 - The best investing books for beginners make investing understandable and easy to start. If you want to start investing, check out my top 6 books ...
Best Practice #3—Read Articles
Choose any of the following links that are interesting. They all have merit:
Items 1 - 100 of 1388 - A comprehensive list of Investopedia's educational articles covering the topic of Investing in reverse chronological order by date published.
Read the latest articles and commentary on investing at US News.
Silver isn't likely to offer a great return this year but at under $16 an ounce, investors can afford to stock up on the precious metal ahead of what at least one ...
Forbes is a leading source for reliable news and updated analysis on Investing. Read the breaking Investing coverage and top headlines on Forbes.com.
The Best Investment Advice Of All Time. 1 of 21. Advice From The World's Top Market Minds. Five billionaires. A miser. A Nobel laureate. A Founding Father.
Free investment advice articles teaching the next level beyond 401K's and diversification so that you can invest smarter. Discover proven strategies to...
Aug 30, 2013 - Financial crisis be damned—investors are still making the same mistakes the always have. Here are their biggest blunders and how to avoid ...
The thought of jumping into live trades and risking money without the proper knowledge, experience and tools—to most people—just feels wrong. So, go ahead and get your Schwab or Scottrade account set up, but before your first trade, increase your chances of making more money in the stock market than your father did by getting the right information, team and tools behind you.