Im ready to start investing but dont know where to start. Help please!
2007-01-19 06:32:51 · 11 answers · asked by Cuteness 4 in Business & Finance ➔ Investing
Im more interested in investing than trading. Not a big fan of risk taking!
2007-01-19 07:08:24 · update #1
Morningstar.com and the Securities and Exchange Commission websites have some good things for beginners. The Morningstar site will sell you a set of three booklets that cover the bases very nicely. The SEC has some links buried in there (I think one goes to a site called mymoney.com, try that) and it is for free.
What I generally suggest, is got to cnn.com and click the business link, then browse through their Fortune or Money magazine links. BusinessWeek.com (and its magazine) is another source of news about various businesses, most are publicly traded. As you read along, you will find a story about a company that is doing good work or has a new approach or product, etc. If it excites you and you say to yourself, "I want to be a part of that"--then open an account at a brokerage (Scottrade and Sharebuilder are nice, and inexpensive too). But don't get into a hurry, take your time. While the market waits for no one, new opportunities are being minted every day, so go when you are ready. Another thing, there is a difference between investing and trading. Most of the talk around here is on trading. Picture the difference between someone planting a tree (investing) and trying to catch a pig (trading)--both can work but some require more work than others to be successful. Good luck.
2007-01-19 06:52:19 · answer #1 · answered by Rabbit 7 · 1⤊ 1⤋
God no - Rich Dad Poor Dad is not a good investing book. Try The Intelligent Investor by Benjamin Graham. Just google his name. He was Warren Buffet's mentor. It's a bit thick but an awesome book to build a foundation in investing theory because he believes in old school investing vs. speculating. He's actually not a risk taker at all even though he made millions (billions?) in investing. Go figure.
2007-01-19 14:49:42 · answer #2 · answered by escapegrl1 3 · 0⤊ 0⤋
I think the best book for new investors is "The Little Book that Beats the Market" - it clearly explains the fundamentals of value investing. I think the best way to learn about the stock market is to first see what the best traders are buying and selling and why. This is the idea behind the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
2007-01-19 13:24:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Hands down the best books are "the intelligent investor" and "Security analysis" both by Benjamin Graham.
The Intelligent Investor is a great beginner book. Once you understand it completely, you can move on to Security Analysis,( the bible of investing )
2007-01-19 07:43:15 · answer #4 · answered by sirtitan45 4 · 2⤊ 0⤋
You can buy a investing book at www.sharebuilder.com. Just click the retail store link, and check out their stores. You can also buy/sell stocks at there too. It's only $4 to trade!
2007-01-19 10:05:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
None. Nothing you need know. You are correct - invest, don't speculate. Do not misuse the words 'risk' & 'safe', though. It is not safe in a bank as you can be sure you will lose purchasing power vs taxes & inflation in a bank. True safety is a diversified portfolio. ADX PEO IAU EFA EWA SNH - all things to look at. All can be held long term. Feel free to contact me via answers or e-mail if further qs.
2007-01-19 08:03:35 · answer #6 · answered by vegas_iwish 5 · 0⤊ 1⤋
The best book in my oppinion for novice investors is "Investing for Dummies" It is an excellent primer. Amazon has it as do probably your local books stores and perhaps you library. Under $20.
2007-01-19 07:34:22 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Beating the line through Peter Lynch or The liittle blue e book that beats the marketplace through Greenblatt. nonetheless, there are one of those vast quantity of different ones obtainable - complicated to attraction to close the position to commence (good day bypass study the Bershire Hathaway annual comments too). also, memories of a inventory Operator through Lefevre yet this one is really previous and quite dated for information - more desirable basically an noticeably exciting e book.
2016-10-17 02:20:06 · answer #8 · answered by ? 4 · 0⤊ 0⤋
Rich Dad Poor Dad by Robert T. Kiyosaki
2007-01-19 06:36:19 · answer #9 · answered by Love&Confusion 3 · 0⤊ 2⤋
investing for dummies, stocks for dummies, mutual funds for dummies
about the only books i dont like on finance are the Rich dad Poor dad books,
2007-01-19 06:45:36 · answer #10 · answered by swenjj 4 · 1⤊ 1⤋