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A Good Book to Learn about Investing?

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http://www.iwillteachyoutoberich.com/

Awesome and easy to implement guide to investing and getting your finances in order. Buy the book, immediately. The author really helps you take control of your debt (if you have any) and employs a "set it and forget it" mentality which works pretty well for most people...In other words, get most of the way with the last amount of effort and upkeep.
 
Read "A Random Walk Down Wall Street." It teaches some useful concepts, and debunks some myths.

Edit: Just my 2 cents: I started investing recently and I've been fairly successful, except for one shitty investment. The key is to invest in the company, not the stock graph. Look at the fundamentals, figure out how they make money and if it's sustainable, and don't get emotional.

Edit 2: I also look at www.seekingalpha.com a lot for general advice. Some good stuff, some bad; take with a grain of salt. I try to steer clear of chartists (people who try to predict based on graphs).
 
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rocadelpunk said:
http://www.iwillteachyoutoberich.com/

Awesome and easy to implement guide to investing and getting your finances in order. Buy the book, immediately. The author really helps you take control of your debt (if you have any) and employs a "set it and forget it" mentality which works pretty well for most people...In other words, get most of the way with the last amount of effort and upkeep.
Click to expand...
Read a lot of good stuff on Amazon about that.

I can tell you there are two ways: Set it forget it OR (and of course you can do both) start a business and make it grow and get rich. Don't for a second think you can start stock picking, commodities, currency trading or any other such flashy bullsh*t, you can't.
 
Doppel said:
Read a lot of good stuff on Amazon about that.

I can tell you there are two ways: Set it forget it OR (and of course you can do both) start a business and make it grow and get rich. Don't for a second think you can start stock picking, commodities, currency trading or any other such flashy bullsh*t, you can't.
Click to expand...

A lot of people get pretty rich off "flashy bullshit." It's just not most peoples' main source of income.
 
rocadelpunk said:
http://www.iwillteachyoutoberich.com/

Awesome and easy to implement guide to investing and getting your finances in order. Buy the book, immediately. The author really helps you take control of your debt (if you have any) and employs a "set it and forget it" mentality which works pretty well for most people...In other words, get most of the way with the last amount of effort and upkeep.
Click to expand...

I clicked the link. Where is the investing advice?
 
If you want to learn about value investing, which can be summarized as the process of carefully analyzing undervalued companies and investing in them for the long haul, get The Intelligent Investor by Ben Graham.

After reading that, realize that if investing is anything other than your primary career focus or a very serious hobby and invest-and-forget in indexed mutual funds from a company like Vanguard.
 
Don't buy a book that teaches you about technical analysis.

Instead, try books that explain how balance sheets, income statements, and cash flow work to start.
 
I see an other thread in the near future..from the OP.. After he loses some money after investing. "ATOT gives awful investment advice."
 
Doppel said:
Read a lot of good stuff on Amazon about that.

I can tell you there are two ways: Set it forget it OR (and of course you can do both) start a business and make it grow and get rich. Don't for a second think you can start stock picking, commodities, currency trading or any other such flashy bullsh*t, you can't.
Click to expand...

This.

For most people, investing is no different than gambling. They buy some stock at some price with a "feeling" that it'll go up (number 27, number 27, c'mon lucky number 27!).

The main difference between stocks and the casino is the odds are in your favour with stocks. Yes, you will likely make money, but the question is: After factoring in transaction costs, will you do better on your own than just buying an index fund?

This is where the answer is no, and the stock market starts to look like a casino with the odds against you.

In Vegas, if you walk into a casino with $500 and play blackjack perfectly (without counting cards etc), on average, you will walk out with less than $500. If you break even or do better, you beat the odds.

With stocks, the average return is about 10% per year. If you invest $500 in an index fund, on average you will end up with $550 at the end of the year. Going on your own, you have to do better than 10% in order to beat the odds. Oh, and it costs you money every time you make a trade.

So yes, you will come across people who do well in the market, but most of the time it is just luck. After all, you will occasionally hear of people who win big in Vegas too.
 
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