Starting on the Right Path - Is You House in Order
Before you start to think about investing you have to ensure your financial house is in order. The first thing you need to do is get rid of any credit cards debts.
If you can't pay them off right now, then you need start by paying off the card with the highest interest rate. When you;ve paid off the highest rate start paying off the next card and so on. MORE on this soon.
- The Motley Fool's Investing Basics covers all the basics and more. The Fool covers all the key concepts from the power of compounding, paying yourself first and different investment vehicles through to analysing stocks and building a portfolio.
- Rightside Education Basic Investing Course formerly known as 21st century investor education. This site requires a free registration to access course. I have not looked at this investing basics course, but their options course is excellent.
- Once you have either or both of those course under your belt then you should check out 13 Steps to Investing Foolishly
- A site I like for a good overview on investing is Stock Value Investing. If you are starting out on your investing path this site provides a good well structured starting point.
- If you get frustrated by all the terms that investor toss around then head to the Investopedia dictionary for all the answers.
Online Calculators and Tools
- Moneychimp provides some good financial calculators