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Location: Stock Market
Discussion: Keen to learn more.
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moniker |
1. RE: Keen to learn more.
Apr 4 2009, 11:56 AM EDT
I'm new here ... so ..But you want to know more? Is it stocks you're interested in? Then read. Do your homework. It isn't an option anymore if you want to save for retirement to invest passively, or to let someone else do your stock picking for you. Find me a fund where the fund manager is fully invested in the fund they manage and I might change my mind. Start with the book, "One Up on Wall Street" by Peter Lynch. It's an easy read and laugh out loud funny, and filled with sage advise. The turn your attention to the fundamentals, sources like Graham's "Intelligent Investor" A bit more laborious to read, but worth every minute you devote to it. Study that book. Move on to "Securities Analysis" by Graham and Dobb. Even more laborious, but you should know the fundaments of reading a balance sheet and an Annual Report. Last, after you understand the fundamentals, look at "technicals", but be on your guard that technical indicators are just using the past to predict the future with complex math. A bit like reading tea leaves. Folks who follow the "technicals" are like race track handicappers, only there's more to profit form race track handicapping. Technicals could be important only because so many people pay attention to technicals that it gives you the advantage of knowing what the crowd is going to do, and that in itself can allow you to make very short term predictions about the overall direction of a particular stock. Now is a scary time to invest, and it's the best time to invest. As Warren Buffett said, be a contrarian. Buy when everyone is selling and sell when everyone else is buying. Maybe you're already savvy to all I have said, and if that is the case, forgive the intrusion. Do you find this valuable? |
