Your Questions About Investing For Dummies

0
0
0
0
0
0
0
0
0
or copy the link

William asks…

Is “Investing for Dummies” a good book to get a glimpse of everything?

i’m a stock market beginner and I don’t really know where to educate myself broadly on various subjects. I’ve looked at the table of content, seems decent. You think?

financi4 answers:

I read “Stock Investing for Dummies” (the title sounds so demeaning lol) and in all honesty, it starts off very well, but during the course of the book, seems to banter and garner a more “trite” and “dry” tone. Not only that, but it does not feature charts of any sort, perhaps so that it could appeal to the lowest common denominator. Because of this, you may find that understanding the two main branches in stock investing (Fundamental Analysis and Technical Analysis) is fairly difficult without referring to a third-party source such as Investopedia.

What book one wishes to recommend to you firstly depends on how much knowledge you are wishing to acquire. If you want to ”test the waters” rather quickly and not get bogged into reading the meteorological charts and so forth, then CliffsNotes “Investing in the Stock Market” [Amazon: http://www.amazon.com/Investing-Stock-Market-Cliffs-Notes/dp/0764585185 ] may be a good option for you. Its very concise, brief and pertinent. Mind you of course, that there are many things that are missing as a consequence of its brief nature. “Learn to earn – A beginner’s guide to the basics of business and investing” by Peter Lynch and John Rothchild [Amazon: http://www.amazon.com/Learn-Earn-Beginners-Investing-Business/dp/0471180033/ref=sr_1_1?ie=UTF8&s=books&qid=1249245480&sr=1-1 ] is somewhat good as well, but if I were to criticize it, I would say that it is way too engrossed with American history that it renders it a difficult read for Non-Americans.

If you wish to acquire much more “high-brow” knowledge, “The Five Rules for Successful Stock Investing: Morningstar’s Guide to Building Wealth and Winning in the Market” by Pat Dorsey [Amazon: http://www.amazon.com/Five-Rules-Successful-Stock-Investing/dp/0471686174/ref=sr_1_1?ie=UTF8&s=books&qid=1249245531&sr=1-1 ] is extremely well written and doesn’t omit mathematical information out of fear that it may ”scare” potential investors, keeping its overall flavour strong without dilution of egalitarianism. “Understanding Stocks” by Michael Sincere [Amazon: http://www.amazon.com/Understanding-Stocks-Michael-Sincere/dp/0071409130/ref=sr_1_1?ie=UTF8&s=books&qid=1249245662&sr=1-1 ] is brilliant as well.

Of course, reading one book won’t make you become an expert in the markets. I hope you do acknowledge that first before buying . . .

John asks…

Should i read these 2 investing books (for dummies)?

I already know a quite a bit about the stock market, but i want to start over, and i was wondering if i should buy these two books for starters:
Investing for Dummies
Stock Investing for dummies

And possibly later, mutual fund investing for dummies.

I was sondering if these books were worth my time?

financi4 answers:

They are pretty basic. I would say that you are ready for more in depth material. Personally i think that every new investor should read the rich dad series. They are not how to books per se but they have great lessons on the mindset and philosophy of investing.

David asks…

Is it sereously possible to make money by reading “investing for dummies”?

financi4 answers:

No BUT it helps those that know nothing about investing by giving a good insite into the investment business.

Any knowledge that one receives about investing can only make them a better investor.

So you may not make money investing, but it will help you gain some well needed knowledge for investing.

Daniel asks…

Investing for dummies?

im a complete novice to investing, i am currently reading investing online for dummies, is that a good place to start. i am also planning to read “the intelligent investor” benjamin graham. is that too much of a big leap.

where can i get good real time simulators. and free information on businesses. because you have to pay for FT.com

when you buy shares and make a profit, and then sell does the monye come directly to your account?(is it like paypal, you have to transfer money from online brokerage to bank account)

sorry for all the Q’s thanks

financi4 answers:

I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.

If you are investing, you must have already achieved some degree of financial success, long term stock investing and/or FOREX can help you become much richer than you are today.

My experiences as a Nasdaq Market Maker, Head trader of brokerage firms, and currently as a professional trader
and private hedge fund manager, I can suggest you that:

We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.
Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don’t ever forget that.
Don’t marry a stock, marry the idea of making money trading stocks. That’s the only way to do it.

For me “All stocks are equally worthless”

I don’t hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I could care less which way the market goes. It’s irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.

Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin… That´s why so many new traders (and investors) lose money.

Take a look at any daily chart of any index or stock and you’ll probably see the most volatility and the biggest opportunity for profit during the “First Hour” of the stock market’s opening.

The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.

But if you do, you’ll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their
online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.

It’s easy to see why trading the open is the market’s prime time for profiting from other online traders.
The market’s open is very volatile – that is the perfect environment for LARGE, FAST profits.

Learn to trade as a professional Market Maker ,not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.

There isn’t any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points
in minutes OTHER than during the first hour the stock market is open. That’s why I love trading the open so much.

I trade only when I have an edge and that means “only the fisrt hour the market is open”.

If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.

I can continue giving you a lot of advises about how to make money trading, but if you ask me:
“What is the best thing you can do for me or that I can do for myself?

Go to this “Top Secret” site and get the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen…

Www.onehourtrading.com

After you review this site you won´t need a system, strategy, book, software or mentor to tell you what to do,
you will be able to profit HUGE every day, picking your own stocks to trade.

Trade well,

Jonny

Chris asks…

Can anyone enlighten me regarding the best way to learn investing in the stock market?

I’m hoping to find something to read that is easily understood.
Something besides investing for Dummies.

financi4 answers:

Buy one stock. Follow it daily in paper and on cnbc tv. I bought $200 worth in 1966. Continued to buy as often as could afford and now have millions. Best to start an IRA and all put stocks into that program. That way all taxes are defered. All dividends go to buy more stock.That is called a DRIP program or designation of dividends. Do this. $300 per month until you retire and I can almost assure you that you will be a multimillionare. Disipline is the key. Never make interest payments on anything that will be worth less when you sell than when you bought. Example, Automobile

Powered by Yahoo! Answers