Why and How I got Started with Investing

Why and How I got started with stock investing

 

Beginnings:

 

Ever since I can remember, I enjoyed listening to news radio at a very young age. I first began listening to KGO, News Talk 810. For a time, I was content. However, I would often wake up hearing conversations between the radio jockey and listeners. I soon grew tired of that, and searched for a news radio station that would air only news. Turning the dial, I found KCBS and never looked back.

Along with news, there are other clips of presentations which were very interesting. The weather and traffic, cooking tidbits, the Osgood files, and Andy wood with her space information all helped me to relax my mind and let my brain simply absorb the news coming in.

Another tidbit, twice every hour, was the stock market analysis. Though the information was delivered within a minute, I mostly heard numbers. Then I would here letters along with the numbers moving up or down. Occasionally, I would hear individual companies mentioned and their current state. At around eight years of age, the numbers I heard never meant anything to me. Losses of varying percentage in the SP500 (Standard & Poor’s) 500 and the NASDAQ (National Association of Securities Dealers Automated Quotations) MAINLY aided my sleep. It was not until later on that I learned that those names are one of several stock exchanges.

 

For years this went on. It was not until 2007ish did I really take interest in the stock market. I wanted to learn more about what the numbers meant, why they went up and down, and what is meant when the prices of companies fluctuate in the market.

 

I began to read

 

I wanted to learn why people invested, and what the rewards and pitfalls of investing are. But first, I needed to learn the basics.

 

I began my research at Google. I entered the keywords, “investing for beginners”, and clicked the search button. Thousands of results were returned so I focused on the first 10 results. I naturally ignored the paid ads and scrolled down to the organic results. The first in the list was and still is today, Investopedia. There, my education of investing began.

 

The road of Learning

 

The world of investing opened up before me. I learned the meaning of terms like shares, dividends, and equities. Concepts like passive versus active, what is the market, what are bonds and mutual funds, and what are equities became clearer. I learned how a person gets started with investing, what a person needs to get started, and how the investment is funded. I got answers to questions I did not even know I had. I soon understood that, though investing can be very lucrative, and many do get rich doing so, the wrong approach can easily destroy a person’s finances.

Other questions I received answers to were:

  • What are currencies?
  • What is a bull and bear market?
  • What is a 401k, 403B and, an IRA?
  • What is an option?

 

Learning Expanded

 

I then expanded my search to YouTube, where I found thousands of videos describing and teaching a person how to invest, where to invest, and ways to capitalize on varying states of the market. Then I found “the Rule One Investor”, a book written by a New York best seller, Phil Town. In it, be walks a person through, without complex explanation, how to avoid the pitfalls of getting started with investing. Formerly a river guide for ten years, he was taught by one of his clients how to approach investing and successfully amassed a great sum of wealth using what he learned. Desiring to open the world up to the “little guys”, he wanted to guide others to achieve the same or greater success he was fortunate to have.

After reading the “rule one Investor”, I became a little more confident to doing it on my own. However, I did not take action and begin at that time.

 

 

 

Direct Learning

 

In 2015, while browsing online for additional investing training videos, I stumbled on to Phil Town again. This time, he was offering free training on investing. I initially did not believe, but after signing up for additional information, I learned that the training will be in Georgia and not overshadowed by high pressured selling of upsells and coaching. That was the clincher for me. Many seminars “training” are made up of 60to 80 percent of hype, how much money can be made, and why a person needs to sign up and pay thousands of dollars for their “coaching” sessions.

 

Other than the plane ticket, hotel, and meal costs, the seminar was truly free. Furthermore, Phil Town invited all of us, his students, to his estate in Georgia for a BBQ dinner. The experience was amazing. Three days of training, a free BBQ at his estate, and tons of action packed applicable knowledge, I felt ready to jump in to the world of investing.

 

Screen Reader Accessibility Research

 

I sat on this for about six months before I got started. During that time, I researched for the most affordable and most accessible broker that would work with a screen reader. I learned that tools and charts investors use to assist with the entry and exits of equities will be impractical to be made accessible with today’s availability of technology. Also, the demand for this niche is exceedingly small, so that, though accessibility may be possible, the price of implementation would be prohibitively high. Nevertheless, I eventually got started, and I am enjoying both my wins and losses in the market.