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I’m trying to learn more about investing and the stock market. Anyone know some good books that break down the lingo and what everything means? Its kinda hard to research or learn when your having a hard time understanding it all. Thanks!
So you say you want to learn how to invest in the stock market.
Education is the key ingredient. Read all you can get your hands on about investing and the stock market. Knowledge is power, so become an educated invest before making your first buy.
You could start here: www.investopedia.com
I recommend a starter book called “The only investment guide you’ll ever need” by Andrew Tobias http://en.wikipedia.org/wiki/The_Only_Investment_Guide_You%27ll_Ever_Need
If you want to become a member, this is another good Organization to learn from: www.betterinvesting.org
Your next task is to figure out 4 things.
The amount of risk you’re willing to take?
No risk, Low risk, Medium risk
You get the picture.
What kind of investor do you want to be?
Saver, Speculator or Specialist
How long to want to invest?
Day trader, Short term, Long term or Life long
What do you want to invest in?
Stocks, Bonds, Coins, Precious metals, Money Market, Real Estate,Etc.
There are different styles of investing so learn them all and then pick the one that suits your risk tolerance and tastes.
I chose to be a Dividend Investor. I do reinvest my dividends and that buys me more stock. Since I’m in it for a life time I do not let the roller coaster ride of the stock market influence my decision to sell. I have set up an excel spread sheet of stocks that I have considered to buy and loaded them on to a portfolio on yahoo finance. When I copy and paste the current prices into spread sheet my excel spread sheet tell me when to buy, hold, or sell. It does this by the criteria that I set up in the formulas I created in my spread sheet. I research all the companies before they go my spread sheet.
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read comments (6)
December 2nd, 2010 at 11:06 pm
"One Up on Wall Street"
"Liar’s Poker"
"Bogle on Mutual Funds"
References :
December 2nd, 2010 at 11:51 pm
start with something like "learn to earn"
References :
December 2nd, 2010 at 11:56 pm
"Investing For Dummies"
References :
December 3rd, 2010 at 12:32 am
Check out Cramer’s "Getting back to even".
References :
December 3rd, 2010 at 12:48 am
So you say you want to learn how to invest in the stock market.
Education is the key ingredient. Read all you can get your hands on about investing and the stock market. Knowledge is power, so become an educated invest before making your first buy.
You could start here: http://www.investopedia.com
I recommend a starter book called “The only investment guide you’ll ever need” by Andrew Tobias http://en.wikipedia.org/wiki/The_Only_Investment_Guide_You%27ll_Ever_Need
If you want to become a member, this is another good Organization to learn from: http://www.betterinvesting.org
Your next task is to figure out 4 things.
The amount of risk you’re willing to take?
No risk, Low risk, Medium risk
You get the picture.
What kind of investor do you want to be?
Saver, Speculator or Specialist
How long to want to invest?
Day trader, Short term, Long term or Life long
What do you want to invest in?
Stocks, Bonds, Coins, Precious metals, Money Market, Real Estate,Etc.
There are different styles of investing so learn them all and then pick the one that suits your risk tolerance and tastes.
I chose to be a Dividend Investor. I do reinvest my dividends and that buys me more stock. Since I’m in it for a life time I do not let the roller coaster ride of the stock market influence my decision to sell. I have set up an excel spread sheet of stocks that I have considered to buy and loaded them on to a portfolio on yahoo finance. When I copy and paste the current prices into spread sheet my excel spread sheet tell me when to buy, hold, or sell. It does this by the criteria that I set up in the formulas I created in my spread sheet. I research all the companies before they go my spread sheet.
References :
December 3rd, 2010 at 1:10 am
The Only Investment Guide You’ll Ever Need – Andrew Tobias (understanding financial markets and investing – easy to read with some humor… his latest editions get a bit political unfortunately it detracts from the message.)
I also highly recommend The Millionaire Next Door – Darko/Stanley (understanding traits of wealthbuilders)
and The Richest Man in Babylon – (philosophy of saving and wealthbuilding)
References :