I have a lot of money invested in a 401k account through JPMorgan, this is for my retirement so it means a great deal to me. I was recently looking at all the paperwork about what’s invested where and the gain/loss and rates of return and realized I have no idea what any of this really means. Please refer me to a book that teaches about investing but in a less complicated way.
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Comment by
?ßû??? v? ßè????
1 Dec 2009
first, get this book “Understanding Wall Street, 4th ed” this book will get you started with pretty much all the basics you need to know about stocks and stock market.
then buy Jim Cramer’s Mad Money on how to trade, invest, the right away.
also, watch CNBC Fast Money they give you news and feedbacks and recommendation on whatever is going on during trading days with great insight from 4 analysts.
While you learn all the stuff from above sources, create an account at http://vse.marketwatch.com for a virtual stock exchange which acts just like a online trading account with $100,000 imaginary dollars so you can get a feel on how to trade and what it’s like.
Good Luck.
Comment by
Tuxster
1 Dec 2009
Hi,
For beginners, you can’t go wrong with the “Dummies” series.
For a good over view, I highly recommend “Investing for Dummies” by Eric Tyson. It is a rather easy read, while at the same time highly informative.
Many people look down on the “Dummies” and “Idiot” series of books, because they believe them to be too easy and not very helpful. This simply isn’t true.
The writers of these books are usually experts in their fields, and they know how to make th topic both fun and informative.
So, for an absolute beginner, this title is a good place for you to start.
I hope this helps.
Good luck with your investing!
Comment by
jai
2 Dec 2009
just go http://www.nse.com from the site u down load NCFM module and u just play the virual games that are avialable to see how much returns u r going to earn.www.moneybhai.com,www,moneycontroll… are some of the sites.
Comment by
ryan e
2 Dec 2009
this is not a book about stocks but if you are young enough i would read a book called “The Automatic Millionaire” it is a book that will teach you how to build wealth over a period of 10-30 years. great book.
Comment by
Guillermo R
2 Dec 2009
To learn about investing in fix income (bonds) get Frank Fabozzi. To learn about securities get Aswath Damodaran.
Comment by
tmore1
2 Dec 2009
Investment know-how sure works for me and its free go to http://www.sitm.com.au and they will send it to you for free. on on yahoo type ’safety in the market’ and you will be o the right track.
Comment by
jonnyrze
2 Dec 2009
Try looking for a book called “the future just happenend”. It has a great story about stocks.
Comment by
Ron Berue
3 Dec 2009
Suggestion #1: Before running out or ordering any book, check with your broker about the restrictions you have on your 401(k) account. You might be able to take-out some of the money, BUT you may pay a penalty for doing it.
Suggestion #2: IF you don’t have any trading experience or knowledge, ask the broler for a very basic book about how to understand the market and how it works.
There IS “Investing for Dummies”. BUT I don’t know if this is too elementary or “newbie” for you.
Regardless of the book you read, mark in it, wriote in it, highlight those passages which apply to you.
You don’t have to read the whole book in a few days. 5 pages each day is what your goal should be. There will be days when you’ll feel like reading more.
There will be days when you won’t want to read at all.
In the beginning you’ll be bombarded with material to read and digest. You’ll pick and choose which you prefer to use.http://finance.yahoo.com is also recognized by Y! A as a “Featured Knowledge Partner”.
If you want examples:
A] Go to the yahoo finance site.
B] Under the “HOME” tab is a blank box. Begin typing the symbol or the company’s name. As you are typing a drop down menu will appear with symbols.
C] When finished click on the “GET QUOTE” button. The quote for that stock should be displayed.
Another free site: http://investopedia.com . It’s also recognized by Y! A as a “Featured Knowledge Partner”.
As you are doing research about the investments you are interested in, sometimes you’ll come across a financial or investment term you never heard before.. You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to Investopedia’s dictionary.
It probably won’t be long when you’ll feel you’re ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in. It also has a free, paper trading platform. You can set up a virtual account and almost trade as though you were trading with real money.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
Comment by
kckid2
3 Dec 2009
There are many many fine books… but far more bad ones.
Here’s a name I trust: Author Larry Swedroe.
Check him out. He’s the real deal.
Comment by
victor m
3 Dec 2009
I suggest the books that wrote by Warren Buffet’s Guru who is the richest man in the world by accumulating his wealth through investing in stock. The books are Intelligent Investor by Benjamin Graham and Common Stocks and Uncommon profits by Philip Fisher. Or, you can try that books that written by Peter Lynch, who is one of the top fund manager in the world. His books includes Beating the Street, Learn To Earn and One Up On Wall Street.