ITT Things that should be on a sticky but aren't because

basically copy the reddit personal finance sidebar

>what is the difference between trading and investing?
>why does everyone here use the terms interchangeably?

>>1025045

I know nothing about any of this shit and even I ca ntell you that trading is very short term (buy & sell for profit) whereas investing is over a long long period of time to benefit from dividends, and also usually diversified to minimize risk. right??

>>1023919
>finance or accounting
>is x a meme degree
>is my resume ok
>youtube career

Just by looking at the catalog

>>1025057
This is a "suggestions for sticky" thread.
Not the "I have questions about the market" thread.

>>1025298
>>1023919
What's the point of a suggestions for sticky? If you aren't prepared to write some of the FAQ yourself it's pretty pointless.

>is a degree worth it
>i need x amount of money by the end of y
>is frugality worth it

>>1025326
>If you aren't prepared to write some of the FAQ
Probably because I'm aware of how many people read it.
Or even know that there is one.

>>1025365
>there is a faq

show me

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3MB, 1544x1080px

Someone smart write one

wrote this a while ago, trying to revise and rewrite it down to the most important points expressed in the most concise manner

asking "how do i get rich /biz/" is like asking /ck/ "how do i cook"

asking "i have $300 what do" is like asking /g/ "I have 100 gb, what do"

>Scams
there are many scammers out there be careful

pump and dump scams: taking a penny stock or a cryptocurrency and making outlandish claims about how it is going to the moon to get others to bump up the price

multi-level marketing scheme: People are brainwashed into thinking they can make a lot of money buying overpriced energy drinks, health foods, knives and such and try to sell them or enlist other people as "distributors".

pyramid/ponzi schemes: In a pyramid scheme new members must pay a fee and people make money recruiting other members, in a ponzi scheme people are promised returns on their investment but the only money going into the pot comes from recruiting new members with hilarious consequences

Gambling: the stock market can be used as a platform for gambling or to lure people into scams, people with gambling addictions should avoid trading on the stock market for the months needed for such a psychological problem to heal. FOREX scams and Timothy Sykes spring to mind.

The stock market

It is very difficult to beat the market, often "hot stock tips" are already priced in, for instance if someone predicts a stock will go from $10 to $15 by the time most people have figured this out the stock may already be over $15. In this way you are competing with other investors to make predictions about the stock market.

Risk is as important as returns. Even if the information you have indicates the price will go up to $15 there are always things you could not possibly know which might crop up unexpectedly. Rather than put all your eggs in one basket you ought to diversify your investments, a large proportion of your investments should be in low risk stocks and funds.

Investors can only valuate a company and the price of its stock to a certain degree of accuracy, for instance a conservative estimate of the price might be $13 and a liberal estimate might be $18, within this range the price will move randomly in a "random walk".

There are various different kinds of financial intruments and investments besides stocks.

what are the most common financial instruments? put call long short options, derivatives, ETFs, ETNs, futures

>>1025446
>show me
You show me.
Being that I work with financial markets on a daily basis, I have no need for fundamental info, and as such have never been to this rumored faq.

>>1025485
>how many people read it
>or even know that there is one
>using present tense

You said there is one, not me.

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>>1023919
I wouldn't actually recommend beginning with the Intelligent Investor. The core principles are key but a lot of the general content was lost on me, and likely a lot of other newbies.

Some great quotes from it:

>The amount of return the investor seeks is not equivalent to the amount of risk he is willing to take, but rather the effort he is willing to put into his stocks.

>There is only one kind of investor, the long term investor

>(Jason Zweig): IPOs - Its Probably Overpriced

>You should only invest in a stock if it is a cheap way to own a desirable business

>People who invest make money for themselves; people who speculate make money for their brokers

>invest only if you would be comfortable owning a stock even if you had no way of knowing its daily share price

>>1025516
No one reading it and it not existing is a difference without distinction.
Either way, my time is wasted writing one.

>>1025519
>No one reading it and it not existing is a difference without distinction.

No shit. Just admit that you formed your sentence a little awkward instead of sperging out.

>Either way, my time is wasted writing one.

Good for you.

>>1025524
>sperging out
Says the guy who needs "people don't give a shit about the faq" spelled out for them.

>>1025530
>i dont give a shit
>therefore, people don't give a shit

Why are you using singular and plural forms interchangeably?

>>1025518
>self-employed inherently makes more than being an employee per unit of time

But that isn't true at all.

>>1025518
jesus that hack rich dad ripped off so much shit from this but turned it into garbage

also, here's what i read: How An Economy Grows and Why It Crashes

some rich dad shit. some of it was ok, a lot of it was worthless

currently on How To Make Money In Stocks. this book does NOT fuck around. it's purely technical advice, none of that motivation/frame of mind/blablabla shit. just pure knowledge. reccommend for anyone who wants to get into stocks (proper investing, not /biz/ daytrading memes)

>>1025536
Because the fact that it doesn't exist is all the evidence I need that hardly anyone gives a fuck about it.

>>1025540
Take it further and you could find a employee making more than all three categories.