/lit/ - Literature

>>14460152
You don't want Marx's Kapital? Okay. Read the communist manifesto. And Keynes too whole you're at it.

>>14460164
but how would It help me in my particular situation?
Im not wealthy yet, so philanthropic endeavours aren’t my priority right now

Check out Economics in one Lesson by Henry Hazlitt, friend. It's short and to the point.

>>14460152
Just hire a professional you dumb faggot.

>>14461273
do this
unless you have a good mathematical background, perhaps in some engineering or even better in mathematics, dense finance textbooks filled with probability and mathematics won't be of any use to you

>>14460152
/biz/ here.
Buy copper commodities, China is building a new power grid and the price has gone up ~15% the past few weeks. This and the growing switch toward electric vehicle is going to make it's demand go up throughout the 2020s. It is a stable investment with a limited supply. We are in the height of a prosperous time---- this is the lowest it will be going forward, and if there is a recession, expect it to go over $10/kilo.

>>14460152
Ha-Joon Chang wrote a user's guide to economics a while ago, but that's more the former and you should really be focusing on the latter. Try and put it in a low risk fund and read your investopedia articles.

>>14460152
The Intelligent Investor by Ben Graham is considered the most essential work in learning about finance. I recommend that book as a starting point.

>>14461349
This is a good book recommendation, it's not a practical manual but it'll help you understand a lot of whats going on.
Said that, if its truly that much money you should be able to afford a pro.

>>14461349
Ben Graham is just a Buffett meme. It was useful in the times where things were easier and not permanently fucked up with hyper theoretical finance mathematics brought by neoliberal autists. You have to know from expert coding to behavioral psychology in order to understand industry nowadays.

>>14460152
Learn how to read and understand balance sheets

>>14461267
He said finance, I can guarantee you the people that read Hazlitt store gold bars under their bed lol

>>14461376
The purpose of that book isn't to give a total overview of capital markets and trading strategy, but rather to give context to different methods of how to manage a sum of money, which is what OP needs.

>>14460152
my book on financial success and economics (by me)
page 1
be a jew.
the end. this is the end of my book.

>>14461297
>>14461349
>>14461527
thanks for the suggestions so far
Actually I got a lot of free time on my hands so wouldn’t mind textbook or online course (coursersa/udacity) recommendations
Is pic related used in finance classes? (Got it for 5$ at the university flea market)

Also the performance of blue chips and even the s&p 500 (32% up this year) make me quite worried

>>14461904
Meant this with pic related

Why dont you try to stay liquid until the election passes.

Econ 1 by anon
Chapter 1: buy gold
Chapter 2: buy a homestead
Chapter 3: buy books
Chapter 4: invest after the election or buy a bunch of weapons now and resell in the inevitable 2020/2024 panic purchases

>>14461914
That book will teach you the basics of how corporations make allocation and budgeting decisions, starting with the concept of Time Value of Money and discount rates before moving onto ideas such as IRR, NPV, and WACC. The book will round out with some cash flow modeling concepts used for private valuation and possibly some real estate. It will probably be a good book for you if you want to make a career out of this.

The point is, you could proficiently understand every last concept in that book and you would be no closer to figuring out what to do with your money.

t. Charterholder

You won't learn how to invest your money from books.

Besides at the end of the day the consensus view in finance academics is that you should diversify your holdings across assets, i.e. buy the market portfolio (index fund). A Random Walk Down Wall Street by Malkiel is good starting point.

Nassim Taleb's books are good bullshit detector.

>>14461914
I don't know the authors, but those textbooks of corporate finance are a good start if you don't know the basics (things like present value etc). In class they recomended me Principles of Corporative Finance by Brealey, Myers & Allen (though it may be kinda dated). If you want to get some of option trading they also suggested me J. C. Hull "Options, futures and other derivatives" but I haven't read that. The problem with these textbooks is, like I said, that at some point they get pretty mathematical and statistical, because they're designed for students who take courses on maths and algebra. However, reading at least a bit of them it's pretty easy and it will help you, I suppose.

The intelligent investor, a random walk down wall street, Common Stocks and Uncommon Profits, One Up On Wall Street etc.

A Random Walk Down Wall Street
its impossible to beat the market so just buy an index fund

If you want to be responsible then shove it into an S&P 500 index fund and keep doing what you were doing before, there are people with PhD's, CFA charters and 30+ years of experience who still don't manage to beat the index

>>14460152
>...that Yale thing...
What did he mean by this?

>>14462451
>>14460152
unironically this if you want to be rich

/biz/ if you want to be poor

the whole being a closet homosexual and doing a lot of drugs thing

>>14463967
/biz/ is such a missed opportunity. cryptocurrencies should be carved out and made their own board.

>>14460152
Any money you equal value split into Bitcoin, Ethereum and Chainlink will collectively be over 10x before 2024

t. not biz

otherwise ask your bank, don't get into crypto you'll lose money

read fiction, it's more valuable than figuring out how to get rich because you won't succeed and you'll be wasting time and the marginal utility of having money over and beyond financial security is close to zero and in most hands it's harmful

Dump it all in an ETF and retire 20 years earlier than you otherwise would have

>>14464321
I couldn’t agree more. It would get me to fuck off out of /sci and /lit trying to have actual economics discussions

>>14463967
This. Put money in an index a year ago and I'm up 20%. Also put a tiny bit in all the Crypto /biz/ shilled and I'm down on practically all of them

https://www.youtube.com/playlist?list=PLUl4u3cNGP63B2lDhyKOsImI7FjCf6eDW

>>14460152
Vanguard Funds is all you need

>>14461942
The only sensible post so far.

ive been trying to learn economics for the past month but everything goes through the ear and out the other. i feel like an autistic duck left by his mother. yet its funny to me to look out my window and imagine the guys few yards away pressing buttons with numbers (theyre all the same), and to them they know everything that his happening beneath the rug but i still sit here like a peasant

>>14465490
and the funnier thing is while the guys and suits worry about the confusing words to me making less than 500% gains ultimately. the true ironic brainlet thing to do was invest in bitcoin 10 years ago and make 9000% gains

>>14465490

You won't learn to make money by reading economic textbooks. Those bankers and economists don't have themselves clue what is really going on. Economics, especially macro, is bullshit.

Read Taleb for critical view on economics.

>>14461273
The amount of people I know that just hired a professional blind and lost significant amounts of wealth is crazy.

>>14460152
You're better off working out what you can do with it now (find a business you want to start or put it in property or other assets that you have reasonable belief are valuable) and then doing research into different financial instruments to build a robust and well diversified portfolio. Use the knowledge you have to make at least some of it work now, gain the knowledge you need in the mean time for the future.

>>14461311
t. copper futures broker

>>14461311
do not listen to /biz/ shills, all they do is push whatever they are currently invested in, that board is trash