I'll be honest, I don't know much about them but I am looking to learn more. Any good guides or publications I can start with? I've started talking with a financial advisor too. I've always heard the Wall St. Journal is good. Anything else?
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Join updown.com - start with play money and even though they give you $1,000,000 to start with - only use as much as you'd really have to invest to try to keep some realism in your attempt. -
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Yeah. the WSJ is required daily reading. I also read the Financial Times which is excellent.
Read Graham's book "The intelligent Investor". Graham was Buffet's mentor. The zweig version is good if just starting.
You are buying fractional ownership of businesses so learn abour businesses. Read annual reports; as many as you can. Good to start in one industry. Read the last few annual reports for the top 5 companies in any one business. Learn a LOT this way.
skype = "adultdatelink"Comment
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Buy an account at stockcharts.com...
Spend a few months learning chart analysis and technical indicators:
http://stockcharts.com/school/doku.php?id=chart_school
Once you learn how to read charts, you can pretty much predict the future. It's a skill that can save/earn you thousands of dollars.Comment
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It appears to be a pretty daunting thing to fully understand. Any business you guys would recommend following that may have an easier "learning curve" so to say?Comment
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watch "Mad Money" on CNBC - you will learnComment
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I would STRONGLY recommand you stay out of the markets right now.. as the best of the best are getting raped!
Cash is king right now.. stay on the sidelines for the next couple of months and like the fellow above mentioned.. grab some books on technical analysis... read and paper trade!Comment
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If it were easy, then everyone would be a millionaire.. personally I don't care much about long term charts, I trade by momentum. Typically I find a few stocks I like and watch and learn them. After a while you get a feel for it's day to day trading.
Once you do that, you know when to buy if it's at a low and just sell it once it goes back up. You can do this over and over again with the same stocks, it's how day traders make their living.
Just look for small safe gains and then do it repeatedly.In November, you can vote for America's next president or its first dictator.Comment
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Don't get me wrong, I'm not dumb enough to get into the markets right now just from watching all the chickens I see running around with their heads cut off. Every neighborhood I drive past has 10 realtor signs staked in the ground at the entrance. I would just like to learn how it all works and not feel like an idiot when I hit terminology that I don't know the meaning of.Comment
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babypips.com is great if you want to learn about forex.Comment
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buy high sell low - simple
For coding work - hit me up on andy // borkedcoder // com
(consider figuring out the email as test #1)
All models are wrong, but some are useful. George E.P. Box. p202Comment
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If you're investing, there's only one way to invest - buy low. Buying low mean buying at a price that is below what the intrinsic value of a business is based on it's book value and present value of future cash flows. Start with industries that are interesting to you.. learn about the business on a "where the rubber meets the road" kind of level. "Toll collector" businesses (build it once, get paid every time someone uses it) are a favorite of value investors be cause they are generally simple business models and have predictible cash flows. Amex and Microsoft are examples of toll collectors.
For trading, personally, I don't even want to know the chart im looking at.. take a look at Efficient market theory to understand why. The coles notes being: all information about any given company is known by everyone who trades the stock, therefore, it's pointless to do your own research.. it's already been done and it's reflected in the price of the stock. If you trade emotionless on technical signals alone you WILL make money.I died.Comment
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always play the market with one rule in mind:
Warren Buffett's rule for investing: don't lose money
now is the perfect time to get in if you know some good sectors...Comment
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I have a few 100 titles at home but these are the ones that come to mind.
Beating the Street - Peter Lynch
One Up On Wall Street - Peter Lynch
Intelligent Investor - Ben Graham
You Can Be A Stockmarket Genius - Greenblatt (Stupid title. Good book)
Margin of Safety - Klarman (cost you about $1000 for the book but you can find bootleg copies on net)
Learn to read financials.
Income Report
Cash Flow Report
Balance Sheet
See: How To Read A Financial Report
Berkshire Hathaway Shareholder Letters
Read Annual Reports
Market history is good to know too:
Bull. - A History of the 80s,90s bull market and bust
When Genius Failed (Long Term Capital Management)
Panic of 1907
skype = "adultdatelink"Comment
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Ohhh.....Someone used to be a broker!!! LOL
Spot on.
Though Jimmy Goldsmith found many corps worth raiding as a result of non marking up for appreciation of US property on balance sheet. ;)
"Inside Information illegal???!!! Jesus Christ , what do you think you pay a broker for!"Skype - NickatilynxComment
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Kirk Kerkeorian has the best advise for the market...
sell everything too soon and you will be fine....Comment
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Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com -
recent work - About meComment
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great thread thanksComment
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Watch Bloomberg and youll figure it ...."In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George OrwellComment
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