I don’t know very much about personal finance except for the mistakes I’ve made. Blogging about it has forced me to learn more and to understand more.
I recently asked a friend of mine to give me his two cents on trading and investing.
What questions do you have? What expertise can you share?
1. Are there certain basics you think people should know before they even start investing or trading?
Yes. I think they should know certain concepts like the differences between a growth and value investor. They should know how to place a call order for stocks and how to automate it. They should know how to read a stock chart and what the numbers mean. Those are just a few things that come to mind.
[See also: Stock Market Basics: What Beginner Investors Should Know]
[See also: Stock Trading: How to Begin, How to Survive]