Every investor understands that one of the greatest assets at their disposal in the financial game is time. The ability to compound your interest over time and let their investments marinate for years allows for amazing financial growth over the long term.
The problem is, many of us don’t have the time (right now) to invest in understanding basic investment strategies. That’s why we’ve compiled this list: to give you a few free resources you can use to take your financial game to the next level.
Renowned for their user-friendly and expert-level material, Khan Academy has been serving the education market for years. Included in a standard membership is access to all of their videos, such as those on macroeconomics, accounting, and investing. The best part of Khan Academy? It’s all free and comes without ads since they’re technically listed as a non-profit.
Mint on Youtube
Of all the budgeting apps out there, Mint is by far one of the best. It’s seamless integration connects their state-of-the-art budgeting software to your bank accounts, giving you unfiltered and real-time updates on your financial health. Their Youtube channel is chock full of budgeting tips and other financial strategies that will help you figure out where you can clear up some loose cash for investing.
This software is already well-known in the financial sector for containing ratings of various mutual funds, but they also have a bevy of educational resources that you can use to learn on your own. From portfolio planning to policy statements, Morningstar delivers on their mission to help transform your investment accounts and give you an idea of what you need to do to achieve your long-term financial goals.
Looking for a way to learn the basics of investing, or need a refresher course on some of the more fundamental concepts? Investopedia has it all, from stocks, mutual funds, bonds, asset allocation resources, and so much more. They have hundreds of articles and videos at your disposal, some of which that are lengthy and go in depth on various topics, while others are only a few minutes long, making it perfect for that morning commute.
FINRA Broker Check
In the event that you decide to hire a financial advisor to manage your portfolio for you, you’ll want to make sure whoever you choose has the background and experience necessary to help you succeed, not to mention trustworthy. That’s where FINRA’s Brokercheck comes in handy. Not only can you do research on all the available advisors in just about any firm, but you can also read if they have any formal complaints against them as well. You don’t have to hire a financial advisor to succeed in investing, but picking the right one can supercharge your portfolio.