I need to make my money work but I don’t have enough knowledge about the topic to do smart things with it, but I love studying and learning new things.
What would you recommend to learn how to administer money in the best way possible?
I found a 2008 edition of the Finance Theory I [1] course on MIT OpenCourseWare , would it make sense to learn from there?
For context I studied computer science with a focus on artificial intelligence, machine learning and data science.
Also context, I am in the EU (Italy).
Find an ETF index fund that’s highly diversified across both sectors and regions, with total expenses under 0.5%, and set up an automatic monthly investment into it. It’s the boring way to invest - but unless you’ve got a crystal ball and can predict the future, I wouldn’t start gambling on individual stocks. This is basically the same advice Warren Buffett would give you.
Unlike most things in life, putting more effort into investing will lead to worse results.
I recommend the Bogleheads forum at bogleheads.org or reddits r/personalfinance prime directive: https://www.reddit.com/r/personalfinance/wiki/index/
This flowchart will set you right. https://i.imgur.com/lSoUQr2.png
For a more approachable flowchart I like the bogleheads one to get you started- https://www.bogleheads.org/wiki/Prioritizing_investments
