So I've gotten to a point in my life that I need to start changing things. I have my 401k, two checking accounts, two savings accounts. The 401k is really the only thing used for long term anything, the checking and savings are set up for specific purposes, including my emergency fund.
But what I'm looking for is to really understand what's going on when I send my money to the 401k. And start using that information for my own personal investing. I've read a whole lot of books on personal finance, and there's really nothing new in any of them. It's all the same crap by different authors, really. What I'm most interested in is how to really understand what a P/E ratio is, how its calculated, and what it really means. Things of that nature. I ask around the guys who I work with, and it just seems that most of them look at a couple of graphs and make an educated guess at whether or not it will go up or down. I'm not so much into guessing about this kind of thing, but it seems like its working for most of them. Is that all there really is to this stuff?
If anyone here does any investing on their own, not just paying someone to buy mutual funds for them, could you point me to some kind of book or series of articles to help me teach myself how to choose stocks and bonds? Much appreciated.
J
But what I'm looking for is to really understand what's going on when I send my money to the 401k. And start using that information for my own personal investing. I've read a whole lot of books on personal finance, and there's really nothing new in any of them. It's all the same crap by different authors, really. What I'm most interested in is how to really understand what a P/E ratio is, how its calculated, and what it really means. Things of that nature. I ask around the guys who I work with, and it just seems that most of them look at a couple of graphs and make an educated guess at whether or not it will go up or down. I'm not so much into guessing about this kind of thing, but it seems like its working for most of them. Is that all there really is to this stuff?
If anyone here does any investing on their own, not just paying someone to buy mutual funds for them, could you point me to some kind of book or series of articles to help me teach myself how to choose stocks and bonds? Much appreciated.
J