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Re: playing the stock market(books)
| quote: | Originally posted by ASFSE
i was wondering if anyone could recommend a good book that would help one learn about the stock market, and how it all works. i'm curious about the subject and i always wondered how it all goes 'round...and possibly i would like to invest in it as well. i know it takes money to make money, and that it does take work and patience for anything to go in your favor, so you don't have to tell me that.
if you have any knowledge, or if you could recommend some good reading, that'd be most super! |
Billionaire Warren Buffet whose stock Berkshire Hathaway sells for over $100,000 each, called The Intelligent Investor the best book on stock investment ever written. Like the bible of stocks.
I'm an amatuer stock trader, and it's taken me months of teaching myself through lots of internet research, and mostly through raw experience with a practice portfolio.
$50,000 Practice Portfolio
I've made about 17%. But it's taken me some time to develop a workable strategy based on the companies 'fundamentals'. I like to use more fundamental analysis with some 'technical analysis' sprinkled in. Every strategy is different.
If you want to get started, I suggest you research these things in order. Sources include: MSN Money, Yahoo! Finance, Investopedia, Wikipedia. These sites are great places to start.
1. Stock market - How it works.
2. Strategies - Fundamental & Technical Analysis
3. Famous Investors - Warren Buffet
Once you learn enough, then you can practice what you've learned on a practice portfolio. Once you 'get it', then you have the confidence to invest real money. You educate yourself if you want to personally manage your portfolio. If, like most people, you don't have the time, or the know-how, or motivation to educate yourself, buy mutual funds or hire a financial advisor.
I on the other hand, I want to do this as my career, so this is what I do all day.
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