There are 2 main ways to get started on investing as a beginner:
Index Investing, also known as passive investing (Check out my article on it here)
Roboadvisors
Both are great ways and are low cost and well-diversified. For passive investing, you'll also need a broker. My pick to start out is Tiger Brokers or Moomoo, but if you wish to consider other brokers, do consider checking out my comparison article here!
As for Roboadvisors, my current picks are Syfe or Endowus. Both are great in their own ways. Check out their site to find out more and see which one you prefer, if you choose to go down this path.
However, if you are more looking to stock picking:
I do agree with the two other answers, although I do feel that intelligent investor is a bit dry and hefty for a first or second read. One Up on Wall Street is great though: easy to read, enjoyable and gets to the point.
Reading financial statements is a must too. If you're not sure how, just get an accounting textbook somewhere online and you're good to go. There are websites that summarise a lot of the data for you (morningstar, finviz are my favourites), but it's important to be able to know where these numbers are derived from to understand what they really mean.
But on top of all of these I think really the key is to try it out for yourself. Look at some companies that you're familiar with. Look through their finanicals, understand how they make their money. Companies like Microsoft, Apple, Amazon. Companies that are strong and steady growers. Once you look at enough companies you'll start to see things that you want in an investment.
Beyond financials, don't forget to also look qualitatively, such as how the industry as a whole is doing, how the product actually is, potential headwinds/tailwinds for the company.
You can take a look at some of my past stock analyses here:
Sea Ltd ($SE): https://tortoisemoney.com/sea-ltd-stock-analysis/
Cloudflare Inc. ($NET): https://tortoisemoney.com/cloudflare-net-stock-...
I know it's a lot to take in now, but you've got time on your side now. Start with index ETFs/robos then use a small amount to stock pick if you wish to do so. All the best and feel free to contact me if you have any other questions! When I started out, I would've liked to have someone guiding me on the way as well! :-)
There are 2 main ways to get started on investing as a beginner:
Index Investing, also known as passive investing (Check out my article on it here)
Roboadvisors
Both are great ways and are low cost and well-diversified. For passive investing, you'll also need a broker. My pick to start out is Tiger Brokers or Moomoo, but if you wish to consider other brokers, do consider checking out my comparison article here!
As for Roboadvisors, my current picks are Syfe or Endowus. Both are great in their own ways. Check out their site to find out more and see which one you prefer, if you choose to go down this path.
However, if you are more looking to stock picking:
I do agree with the two other answers, although I do feel that intelligent investor is a bit dry and hefty for a first or second read. One Up on Wall Street is great though: easy to read, enjoyable and gets to the point.
Reading financial statements is a must too. If you're not sure how, just get an accounting textbook somewhere online and you're good to go. There are websites that summarise a lot of the data for you (morningstar, finviz are my favourites), but it's important to be able to know where these numbers are derived from to understand what they really mean.
But on top of all of these I think really the key is to try it out for yourself. Look at some companies that you're familiar with. Look through their finanicals, understand how they make their money. Companies like Microsoft, Apple, Amazon. Companies that are strong and steady growers. Once you look at enough companies you'll start to see things that you want in an investment.
Beyond financials, don't forget to also look qualitatively, such as how the industry as a whole is doing, how the product actually is, potential headwinds/tailwinds for the company.
You can take a look at some of my past stock analyses here:
Sea Ltd ($SE): https://tortoisemoney.com/sea-ltd-stock-analysis/
Cloudflare Inc. ($NET): https://tortoisemoney.com/cloudflare-net-stock-...
I know it's a lot to take in now, but you've got time on your side now. Start with index ETFs/robos then use a small amount to stock pick if you wish to do so. All the best and feel free to contact me if you have any other questions! When I started out, I would've liked to have someone guiding me on the way as well! :-)