For idiots who do it wrong: "If you look at the markets this morning you may get a churning feeling in your stomach. It's red across the board."

"If you look at the markets this morning you may get a churning feeling in your stomach. It's red across the board."

These people are doing it wrong. When the stock market is going up that means my shares will be worth more, not that I care. When the stock market goes down, that's wonderful news because it creates buying opportunities. If the stock market crashes bad that's even better because it creates excellent buying opportunities.

I buy only extremely safe dividend paying stocks which have a very long history of raising the dividend every year no matter what the stock market is doing. I will never sell any shares I own. I keep everything for life as I watch my income grow, thanks to annual or quarterly increases in the dividend, thanks to reinvesting the dividends, and thanks to me using my own money to buy more shares.

Market is crashing? Fine with me. Only people who don't know what they're doing, including the "experts", have to worry about what the stock market is doing.

"how would one go about investing in such a way without prior investing experience?"

Charles Schwab is best broker. Everything can be done on the internet, humans are not necessary but they are available if there are questions.

I suggest just buy Kinder Morgan and AT&T (stock symbols KMI & T). If you want to diversify there are many other excellent dividend paying stocks, but in my opinion KMI & T are the best.

It's all very simple. Open a brokerage account & checking account with Charles Schwab. You could use the checking account you are using now, but it's more convenient to use the Schwab checking account because you can transfer cash from checking to brokerage account in one second. The checking account is totally free (just like LIchess), there are no fees, they don't nickel and dime you like the banks do. The fee for buying shares is $8.95 no matter how many shares you buy, that's very reasonable and it's only a one time expense. If you want you can reinvest the dividends for free, just one mouse click is all you need to set that up.

When you see the screen for buying stocks it's easy to understand. Any words you don't understand you can use google to look it up.

Buy this stuff for life. Never sell no matter what. You don't care if the stock price goes way down, and that's the point, you have nothing to worry about because the dividend is safe, and you don't care if it goes up or down because you're never going to sell anything for capital gains. I love stock market crashes because I can then buy more stuff at very cheap prices. As the price goes down the dividend yield goes up and that's a good thing.

Beware of companies that have an extremely high divided yield because it's probably not safe. KMI & T dividends are rock-solid safe.

When people get started they notice they are not making very much income, but over a long period of time the income grows at a faster and faster pace. Starting at a very young age is the way to go.

http://en.lichess.org/forum/off-topic-discussion/how-to-make-money-without-a-real-job?page=2