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![]() In total, I saved around $10,000 from investing on my own instead of paying a financial advisor. That's when I realized I was the best person to manage my own money and have been doing so on my own for the last several years. Over time, I noticed consistency in the advice I kept coming across, which gave me more confidence in what I was doing. So I began to educate myself by reading as many books as possible over the last seven years. I wanted to understand the different types of investments, such as individual shares, mutual funds, index funds, ETFs, and bonds, as well as the monetary difference between active and passive investing. I knew I needed to learn how the stock market worked before I could make any big decisions, advisor or not. Friends recommended me to their financial advisors, but after several meetings discussing my investing goals (and risk aversion), I left feeling uncomfortable and confused because I didn't understand the jargon. When my dad passed away, I decided it was time to take control of my finances. The Dhandho Investor by Mohnish Pabrai 7. I didn't look at my account for several years because I was afraid of what I didn't understand. I abided, though my small form of resistance was to quickly bury my head in the sand. ![]() ![]() Investing was never on my radar - that is, until my Chilean father encouragingly obligated me into opening an account with some of my savings when I was 23 years old. 5 Passive Income Investment Ideas 1 A Beginner’s Guide to the Stock Market How to make money on the stock market, if you have never traded before Well, why not start from Kratter’s A Beginners Guide to the Stock Market which will give you a basic rundown on everything you need to know when you first start trading on the stock market. Since I was a teen, the stock market always seemed complex. ![]()
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