In my previous post, I mentioned that S and my timeline for us having kids and wanting to move to Milwaukee is in about three years. I am hoping that between now and then, we can pay off all debt except for mortgage and also for me to come up with an alternate source of income so that I can be a stay at home parent. I also mentioned that I have been interested in stock investing.
I am an average investor when it comes to stocks. My ROTH IRA has some dividend and blue chip stocks, with some mutual funds in international growth funds. I like the level of control you get by owning stocks rather than mutual funds through stop-loss, but that’s as far as I know. I have heard a lot about Options, but I do not understand how it works nor have I tried Options. Based on my very preliminary review, it seems like Options is the most common way a stock trader is able to make money and minimize risks.
With that, I have decided that now is the time to start getting educated on Options. I have signed up for an online course through a local community college for $99 that will be 2x a week for the next 6 weeks. I am hoping to learn the basics of it through this course, then continue on to more complex programs.
Unfortunate thing about investing is that this isn’t something that we were taught in school (at least, I wasn’t) and there’s a lot of companies that seem to exist to just take advantage of folks who want to learn but don’t know where to start. I hope to outline my plan of attack here as well as what I discover of those investing programs that are out there.
If you have any suggestions on options programs, books, etc. please share. I can’t wait to hear from you!