Two weeks ago I came across Jack's ideas on index funds by chance, and I realized it has the appearance of an opportunity that is too good to pass. So for the first time I tried to educate myself about financial market investing.
This is where I have an issue. I read the beginner's guide, and have been reading some books that are recommended in this site. It all is great, but I think I've reached a plateau. I don't know where to move, or what to do next. Every time I look at the calendar I feel that I am behind on everything, and my heart wants to rush into investing, but in my spirit I know I need to calm down and set up a strategy and analyze the field.
If you were in my position, what would you do? I just need a few words to be honest--something I could use to lead on and find the way, because I really don't know what to do. Should I just keep on reading? I am also dead-worried about taxation.
A little info about me:
- Early 20s
Single, no dependents
Will earn $45K/year
Can live with $7K/year
No major expenses (only transportation, gym, and food)
No debt of any kind (only car payments, but my prior savings have the full amount covered)
What do you guys think?
I apologize if this post looks like the ramblings of a 20-something year old haha, because that's partly true.
Edit: I just want to thank everyone, this has been helpful and somewhat cathartic? I love this community