Seasoned investors can spend hours debating what stocks to buy and sell.
But Josh Brown, CEO of Ritholtz Wealth Management, says new investors need to focus on understanding how money works, and why they want to invest, before they even can begin to think about picking stocks. "I see a lot of people start with 'Is Google a better stock than Apple?' That's the junk food," Brown said. "And there's nothing wrong with it, but the vegetables, the protein? That is understanding money, understanding why you need to put it to work."
Knowing how the market works will help you set realistic goals for your money. And according to Brown, setting specific goals is the most important step for new investors. Check out this video to learn Brown's other tips and what he says every investor needs to know before getting involved in the stock market.
ReformedBroker acorns Instead of Super Investors if Graham and Dodsville we now have Super Investors with no track recordville (who can tweet)
ReformedBroker acorns And the Fed is the equivalent of 7-11...
ReformedBroker acorns I beat this guy in a stock picking duel 🥇
ReformedBroker acorns ReformedBroker riteaid Square Snapchat long term 🤺
ReformedBroker acorns ReformedBroker I challenge you to a stock picking duel 🤺 whoever wins is the better investor. I’ll let you make the rules 😎
ReformedBroker acorns He had this thought 💭 while eating junk food, most likely. 🥨🍫🧁🍩🍟🌭
acorns CNBC should have rules to protect their audience. your advisors recommend stocks they own, their contract should force them to hold stock for least 6 month. Some have SOLD stocks weeks after recommending it on CNBC!? What stock did Josh recommend/Sold just before buying Disney?
acorns Great advice Josh, however, when I finish building my time machine you’re coming along to show me on how to invest my settlement I received when I was a kid. Students should take a finance and investing course in high school, I bought a book that helped, investing for beginners.
acorns i'm not interested in markets, i'm interesting in developing startups on issues such as logistics with blockchain etc.
acorns Check out Finance Bros Podcast!
acorns and I'm sure the sugar crash will be interesting, pun intended.
acorns $sbux max pain 87.50
acorns I'm essentially looking for an assistant that can talk to my wealth manager. I'd also like to know my net worth I suppose.
acorns Yes your analysts have been saying that for three years, we are waiting 🤔