Entering the World of Equities Investing
Have you repeatedly heard that investing is the key to long-term financial wealth, yet, you have no idea where to begin? If so, then this post is for you! Below are some wonderful resources for learning and developing a better knowledge of equities investing, so that you can decide if it's right for you.
Books
There are hundreds of great books to help you get started, from basic ones to more advanced ones. A quick Google search for "best investment books" will reveal countless titles but I've cut through and selected some that have proven themselves to be well worth the time. These are great books to begin your research without immediately getting into information overload.
Databases
As you begin learning and becoming more comfortable with different types of investments, you’ll want to educate yourself more on the companies and industries that you may be investing your money into. Research companies can do a lot of the homework for you, though subscriptions to these services generally have a fee associated with them. Luckily, with that Toronto Public Library card in your wallet, you have access to some great business and investing databases – for FREE! I’ve highlighted some databases below. Click their logos to get more information about them.
Online Resources
There are many resources available online that serve to educate and teach visitors about investing. General investing information can be applicable to everyone but it’s always important to understand if the provider is writing for an intended audience (i.e. Canadians, Americans) as laws can vary between countries. Here are some online resources that provide general information or information from a Canadian perspective.
A website from the Ontario Securities Commission (OSC) providing unbiased and independent financial tools to help you make better financial decisions.
A Canadian online personal finance magazine published by Rogers Publishing Limited.
This website focuses on investing education and financial news. Keep in mind that it is an American company, so some of the content will cater more toward an American audience.
In-Person Education
Sometimes the best way to learn something is to sit in on a class or a workshop. Luckily, Toronto Public Library offers personal finance classes and workshops, so do check back regularly so that you don't miss anything! Toronto Public Library also offers one-on-one meetings through our Book a Librarian service. You can use this service to learn more about our resources and available databases.
In the world of investing, it really can pay to build a strong knowledge foundation. Combine this with an attitude of continuous education and you'll be well on your way to creating a strong investment portfolio.
What is one piece of advice that you would share with somebody who wants to get into equities investing?
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