Study common investment terminology.The stock market is rife with complex concepts, so start by getting a grasp of the frequently used terms and concepts. It helps to understand the language of investing, from asset allocation to ETF and beyond. To break it all down, use an online investment dictionary that provides plain-English definitions of common investment terms, or ask your financial advisor to explain them to you.
Enroll in a class.Take advantage of free webinars, seminars, or workshops on investing fundamentals. If you prefer learning in a classroom setting, look for basic courses on investing, how the stock market works, or personal finance at a local college or university.
Follow the news.
Watch investment programs.Public radio and television stations often feature investment programs aimed at new and seasoned investors. Even your local news channels may include a market segment. Be wary of infomercials disguised as informational investment programs, though.
Check out stock market apps.There are hundreds of apps available today focused on helping consumers understand investing. Before downloading an app, check the reviews and opt for those that have been vetted by trusted sources.
Track your favorite companies.To better understand the movement of individual stocks, pick several of your favorite publicly traded companies to follow. Then, check their stock price, company newsroom, and social media accounts each day. Tracking the stocks over time will help you understand how company announcements and actions, such as a product launch or comment by an executive, may affect the stock price.
Work with a financial professional.A professional can help you understand your investment options, and help you make financial decisions that are best for your individual needs. Work with someone who is willing to explain investment concepts and provide educational materials. Tell your professional about your desire to learn more about the market. He or she will likely be willing to send you news articles, add you to a newsletter, or give you a call to discuss market news that may interest you. Ellie Stubbs is a Financial Advisor with Ameriprise Financial Services, LLC, in Barre. She specializes in fee-based financial planning and asset management strategies and has been in practice for 18 years. Contact her at ameripriseadvisors.com/ellie.stubbs, (802) 622-8060, 14 North Main Street, Suite 2001, Barre, VT 05641. This article is distributed by Ameriprise Financial Services, LLC., a registered investment adviser. © 2021 Ameriprise.
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