How can I begin to take charge of my own financial future?

I am a university student majoring in accounting. One of my biggest goals is to take charge of my personal finances and investments. I currently have an advisor managing them, however, I would like to be able to actively trade and manage my finances without that individual. With that said, I do not know where to start when it comes to investment management and independently dealing with my finances. I can analyze financial statements and have in depth knowledge on accounting, but I would like to read and study material pertinent to investing and independent wealth management. How do I start?

Personal Finance, Investing, Starting Out
Answers
Sort By:
Most Helpful
4 weeks ago
75% of people found this answer helpful

First of all, kudos to you for wanting to be a part of your finances. I'd start with the components of a financial plan (investments are a  piece of it). My suggestion would be to involve your advisor in that process. He/she can teach you what they are doing and why. The advisor can add a lot of value by helping you with an overall financial plan, even if you eventually end up managing the investment piece on your own. Perhaps start small on your own and let the advisor guide you. Then build upon that. Keep learning. I recommend diving into a couple of books or magazines. Investing 101 by Kathy Kristoff and The Intelligent Investor by Benjamin Graham are good books to start with. Kiplinger's Personal Finance is a good magazine. Obviously, Investopedia is a good resource. There are thousands of articles on here.

4 weeks ago
4 weeks ago
4 weeks ago
4 weeks ago