Want to learn more about Investing

[monosy]

Hi all
I’m 17 and want to start investing for both short term savings and long term. I’m considering just opening a shariah compliant savings account for the short term, however I know barely anything about long term trading and so would like to learn more. Does anyone know any simple resources which I could use in order to learn more about investing?

 

[sbmor777]

@monosy Check out Islamic finance guru website and YouTube channel. They have lots of 101 and beginner guides.

 

[annodynamic]

@monosy We talk about how we structure our portfolio in this article.
https://open.substack.com/pub/theis...re-my-stock-portfolio?r=33y3eb&utm_medium=ios

It is part of our newsletter where we aim to help Muslims invest in the stock market. Consider subscribing to support our work.

For beginners it is certainly a good idea to have a 6m short term ‘emergency’ fund which you can park in a shariah compliant savings account and get a good rate pretty much risk free. And then it is worthwhile incrementally investing (not trading) in the stock market. To start you can invest in a halal index fund/ETF which gives you exposure to halal companies across a specific geography or even the world. We are planning to write an article on the popular halal funds currently in the market.

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