Forums General Discussion How to get started?

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  • Yaswanth ManabotulaYaswanth M Newbie
    Post count: 1

    I’ve been listening to the podcast for a while now and am really excited to start working towards investing in my first company. I’ve listened to some other podcasts regarding value investing and read a few books as well.

    However, I feel like I have major knowledge gaps that I wish to iron out before taking the plunge.

    What are the best resources to stay up to date with current information on public companies?

    Is there an app that can combine articles from Motley fool, seeking alpha etc?

    Are paid for apps worth it to get all the financial information required? Or is there a better method?

    I’ve heard questrade is the best brokerage for my needs, as it’s minimal fees, and I don’t expect to be options trading anytime soon.

    Anyone know details about TFSAs in Canada? I believe it’s tax free on capital gains for a certain amount, is that correct?

    What’s a reasonable percentage of savings to invest? Currently I am still living at home as renting in my area is very expensive and I’d rather just save some money for a while.

    I really appreciate any help. Thanks in advance!

    2 users liked this post.
    Veeral ShahVeeral Shah Aspiring VIP Member
    Post count: 75

    Hi Yaswanth,

    Welcome to the forum.

    You have raised a queries and my first suggestions would be to go through some of the old forum posts as most of the topics have been discussed in the past. The search function may not find all the topics you are looking for however you can start by reading these posts which I think will answer some of your questions:

    As this is a public forum, it is not generally prudent to give person specific recommendation but I would recommend to start reading local weekend edition of Times or Financial newspapers as they normally cover stock, mutual fund, trading, etc platforms related articles.

    If you want to learn more, then feel free to send me your email address as a private reply and I shall forward my contact details.

    Regards

    Rajiv RenganathanRajiv Renganathan Moderator
    Post count: 154

    Hi Yaswanth

    Congrats on the start & all the best. It will take time to learn and find the fine balance between the art & science of investing that works for you. Meanwhile, consider ETFs so you are keeping the compounding machine running.

    Since you are in the early stages, it is important you get your hands on the right books. It can save you a lot of time in course corrections later. I would think a structured investing course may also help. This is a reasonable good & free – https://www.safalniveshak.com/free-course-value-investing-masterclass/ (I have nothing to do with this course or the author, no vested interests πŸ™‚

    This community will be happy to support you in the journey.

    Cheers
    Rajiv

    β€œMen, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.”
    ― Charles MacKay, Extraordinary Popular Delusions & the Madness of Crowds

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