11–20 of 161 posts
http://www.amazon.com/gp/product/0393352242
Edit: WSJ Review: “Talk to 10 money experts and you’re likely to hear 10 recommendations for Burton Malkiel’s classic investing book.”
https://www.amazon.co.uk/The-Naked-Trader-Anyone-Trading/dp/...
Stock market investing reminds me of that insurance commercial with the fishing pole. "you gotta be quicker than that..."
If you want a better investment spend it on educating yourself... or something where you can have inside advantage like your own company.
Well the real question here should be how much pain can you bear to learn the process. Because the term stocks and market covers a big area, you have to select a more specific domain, like bonds,derivatives, stocks, commodities or forex and the learning curve is steeper than the traditional processes like coding or design, plus there is capital involved, if you are a newbie i would advice you to start with "Paper Tra…
If your interest is more the short-term movements, and less investing based on price and intrinsic value, then I'd suggest branching into economics and psychology. The Little Book of Behavioral Investing (James Montier) is excellent.
I think the best way to translate what you're reading to a practical application is a paper portfolio. I wouldn't recommend single-stock selection for your $ portfolio, but researching and following stocks that you pick will make you more aware of the market. As with learning anything, document your decisions (what, when, why) and use that as a feedback loop to improve.
This will give you an idea and maybe whet your appetite about how markets and trading actually work, and all the reasons people use markets. From there you can work towards learning more about actually developing trading strategies more complex than buy and hold.
The Bogleheads' Guide to Investing
A Random Walk Down Wall Street
You will know 99.9% of what you need to know.
Another similar book is How To Read the Financial Pages[1]. Again, probably a little dated, but I don't think much of the terminology has changed.
I would still recommend index funds for the best returns, but if you want to follow the financial news it helps to understand the lingo.
[0]http://www.amazon.com/Street-Journal-Guide-Understanding-Inv...
[1] http://www.amazon.com/Read-Financial-Pages-Peter-Passell/dp/...
Keep putting your money(about 10% or more if you can swing it) in a good index fund and ignore it for 40 years. There's a good chance you'll do about as good as 50% of the stock market investors(or more counting fees lost) and you can do something more productive with your time. Stock market investing reminds me of that insurance commercial with the fishing pole. "you gotta be quicker than that..." If you want a bett…
People tend to trumpet their winnings and not their losses and a shocking number of people don't actually know their rate of return.
I recommend Four Pillars of Investing by William Bernstein (http://www.amazon.com/The-Four-Pillars-Investing-Portfolio/d...). It has a lot of overlap with Malkiel's book and I recommend both of them.
Until you have read at least one of them I recommend you not start investing. The Intelligent Investor is a little optimistic and in later editions even Benjamin Graham admits that maybe active investing is not the greatest idea for most people.