In total, I saved around $10,000 from investing on my own instead of paying a financial advisor. That's when I realized I was the best person to manage my own money and have been doing so on my own for the last several years. Over time, I noticed consistency in the advice I kept coming across, which gave me more confidence in what I was doing. So I began to educate myself by reading as many books as possible over the last seven years.
I wanted to understand the different types of investments, such as individual shares, mutual funds, index funds, ETFs, and bonds, as well as the monetary difference between active and passive investing. I knew I needed to learn how the stock market worked before I could make any big decisions, advisor or not. Friends recommended me to their financial advisors, but after several meetings discussing my investing goals (and risk aversion), I left feeling uncomfortable and confused because I didn't understand the jargon. Blue Chip Kids: What Every Child (and Parent) Should Know About Money, Investing, and the Stock Market. When my dad passed away, I decided it was time to take control of my finances. For every parent who wants their children to develop the skills they need for investing wisely and becoming responsible money managers, compounding investors, and making money while they sleep. I didn't look at my account for several years because I was afraid of what I didn't understand. I abided, though my small form of resistance was to quickly bury my head in the sand. Investing was never on my radar - that is, until my Chilean father encouragingly obligated me into opening an account with some of my savings when I was 23 years old.
Since I was a teen, the stock market always seemed complex.
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