too many books on the shelf , confusing Which is the best painting in the world?
too many paintings on the walls, confusing
Depends on whether you want to learn or not. There is no one book, there is no one scheme or style or indicator, and there is no pot at the end of the rainbow.
If investing isn't interesting enough to you, then invest in a Mutual Fund or ETF and let it ride. Unless you're willing to devote yourself to the work of investing, you're spinning your wheels.
Most people don't care about all the ups and downs and girations or want to get involved night and day. The work a real job, have a family, and don't have time. But just a little knowledge, and a few hours on weekends to determine the trends and a few significant points of Support and Resistance for price, and you can do better than most Mutual Funds, because you can get out of the market at high risk points, and you can use Protective Stops.
Otherwise, use the Unified Theory, and forget it
Unified Theory of Everything Financial
Revealed in Dilbert and the Way of the Weasels
By Scott Adams
1.Make a will
2.Pay off your credit cards
3.Get term life insurance if you have a family to support
4.Fund your 401k to the maximum
5.Fund your IRA to the maximum
6.Buy a house if you want to live in a house and can afford it
7.Put six months worth of expenses in a money-market account
8.Take whatever money is left over and invest 70% in a stock index fund and 30% in a bond fund through any discount broker and never touch it until retirement
9.If any of this confuses you, or you have something special going on (retirement, college planning, tax issues), hire a fee-based financial planner, not one who charges a percentage of your portfolio
Check the bottom line: A portfolio with an asset allocation of 70% in Vanguard's Total Stock Market Index (VTSMX) is doing just fine, performing remarkably close to the S&P 500 index. Moreover, that simple two-fund portfolio is perfect for the vast majority of America's 95 million investors who are passive much as Adam's Dilbert character.
The truth is, most investors have little or no interest in Wall Street's casino action; all the time-consuming research, the sophisticated stock-picking tricks, the costly trading necessary to play in a market drowning in 10,000 stocks, 18,000 funds and more than 100,000 bonds. Most investors have jobs and kids as their top priority. Moreover, Dilbert's simple two-fund portfolio compares favorably with our other lazy portfolios.
Beginner鈥檚 Books on Investing
"Which Is Better, Buy-and-Hold or Market Timing?"
"Do You Have What It Takes to Be a Market Timer
The Beginner's Bible in Technical Analysis is:
Edwards & McGee"Tech. Anal. Of Stock Trends"
Droke, ClifTechnical Analysis Simplified
Kahn, Michael N.Tech. Anal. Plain & Simple
Kamich, Bruce M.How Technical Analysis Works
Lefevre, EdwinReminiscences of a Stock Operator
Lofton, ToddGetting Started in Futures
Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist
O'Neil, William J.How to Make Money in Stocks
Oz, TonyHow to Make Money From Wall Street There's a book I read called 'Investing made Easy'. I can't remember who it was by, but it was good. Tell me I could do with the advise as well !!!!
Good luck... "Missed Fortune" by Douglas R. Andrew
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Good Luck and Best Wishes! That is one of the advantages of libraries. You can try the books out with no up front cost.
Heck, I do not know what book is the best. However, I do know some good ones.
For a beginner that knows nothing.
"Investing for Dummies" A good book to give one a basic understanding.
"The Intelligent Investor" B. Graham This is a classic as is his other book "Security Analysis".
"Technical Analysis of Financial Markets" John Murphey. This book covers the A to Z of technical analysis.
"Stocks for the Long Run" J. Siegel. A good book.
"Common Stocks for Uncommon Profits" P. Fisher. Another classic on investing.
Those will get you started.
Dealing just with mutual funds and important sub-catagory of investing.
"Mutual Funds for Dummies" another good get you started book.
"The Morningstar Guide to Mutual Funds"
Most libraries carry the Morningstar Guides and also other stock market references the Zulu Principle by Jim Slater There is no best book, however I can recommend several books that are considered classics and should be read by every one planning to invest in the Markets:
The Intelligent Investor by Benjamin Graham
The Battle for Stock Market Profits (and his other titles) by Gerald Loeb
Liars Poker by Michael Lewis
One Up on Wall Street by Peter Lynch
A Random Walk Down Wall Street by Burton G Malkiel
Wall Street The Other Las Vegas (and his other titles) by Nicolas Darvis
Good luck with your investing and start slowly. |
