Book excerpt: The Diary of a Novice Investor
“Now I had to figure out what I was going to buy. Based on my limited experience, I already had some ideas of what I wanted. Also, I was already looking at online resources like The Wall Street Journal, Morningstar, The Street, Yahoo Finance, Investor’s Business Daily, and others. I had two primary objectives for differentiating my portfolio from Mom’s: 1) Have a greater diversity in the types of stocks and 2) don’t buy the same ones she owned. I really wanted to develop my portfolio from scratch, so this experiment became a valid test of my skills.”
You have to start sometime, somehow, with something. Identify your objectives and what you want to accomplish. Yes, you can do this and be more financially secure.