Your 5 Monthly Investing Resources (April 2021)

Your 5 Monthly Investing Resources (April 2021)

 

I consume a ton of content – articles, podcasts, videos, apps, etc. I’ll be sharing a list with you each month of the best resources I’ve found that will help you on your journey to becoming a better investor. 

 

Here are 5 great resources for April:

 

• Resource 1: PSA: understand the stages of investor psychology – This Reddit page reminded me a lot of the cycle of emotions I know every investor has experienced at some point. Here’s a fun reminder that you’re not alone in feeling the ups and downs of an emotional rollercoaster while investing. Enjoy this light, witty read.

 

• Resource 2: Stock Analyst Accuracy – Why Ratings Can Be Wrong & When to Listen – Analysts are consistently wrong with their predictions (as I’ve written about previously). Despite their iffy track record, their opinions hold enormous sway over the market. This MoneyCrashers article takes an in-depth look at what analysts do and why you shouldn’t blindly follow their ratings.

 

• Resource 3: The Robinhood Generation Is Debating Old School Investors on Trading Stocks – Experienced investors are troubled by the risky strategies young investors use when dabbling in the stock market. This fascinating article shines a light on the thought-process of the “new-school” and the generation gap between investors, some within the same family.

 

• Resource 4: Shopify: The E-commerce On-Ramp – Patrick O’Shaughnessey is one of the best financial commentators on Twitter. He recently launched a new venture, Colossus, that provides deep dives into the world of business.

The premier episode of the Colossus podcast covers Shopify, a company that has boomed during the pandemic. You can listen, read the transcript or explore additional content on his site.

 

• Resource 5: One Up On Wall Street: How To Use What You Already Know To Make Money In The Market – “One Up On Wall Street” holds a special place on my bookshelf.

My father gave me this as my first book on investing and the stock market. He told me to read it and come back to him to discuss some investing ideas. I’ve been referring to Peter Lynch’s methods ever since.

This is the granddaddy of investment books for the individual investor. Its popularity is due to its readability and accessibility for an investor just starting out or even a seasoned vet. It gave people the tools and confidence to invest themselves and not rely on a mutual fund or money manager. Lynch touted the “invest in what you know” concept, which became extremely popular.

“One Up On Wall Street” breaks down different industries and financial metrics while guiding the reader toward intelligent ways to find value in investments. His tone makes this an entertaining, straightforward and essential read.

 

What are the best resources you’ve come across recently? Whether it’s a website, book, podcast, video, or app, I’d love to hear about it and may even feature your pick in a future email!

 

Let me know in the comments below…