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Comment by pdimitar | Hacker News Reader

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pdimitar·

Literally everything you said rings no bells at all. That's definitely not beginner-friendly or small!

What does "focus on investments" even mean?...

Like, imagine being me. Just a hard-working guy all his life. ZERO CLUE about financial markets. Null. Nil. Void.

How do you start them up?

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I'm saying you cant eat an elephant at once so start with the first bite. This will be a decades long journey since it's probably the problem man spends the most time thinking about. Don't worry about where you are, just try to break it down in to topics of relevance. Like there are some financial principles that apply more universally than others and I'm suggesting starting with topics most useful for the initial creation of wealth. Then as your nest egg grows, you can learn more refined tricks to keep more of what you earn.

Okay, that sounds better.

But... I don't even know HOW do you increase your wealth. I suppose speculation but outside of that I have zero clue. I am aware that people "buy low, sell high" but beyond that, nothing. Plus, there's a ton more out there compared to the normal stocks, no?

Where can I learn about various entry-level wealth increase techniques?

i am just a random internet person and definitely not a financial advisor. i did find this really helpful when i didn't know much about wealth over long time horizons.

https://jlcollinsnh.com/manifesto/ - skim this, see if it's interesting to you

follow up with https://jlcollinsnh.com/stock-series/ if so

Much appreciated.

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