Investing for beginers?

gadgetmind

gkerr4 wrote: »

"naked trader" is good - i recommend the audio-book.

I find that I can read about 10x faster than anyone can speak, so I'm much happier with the written word.

I guess it might be different if I spent a lot of time traveling, but most of my trips are by bicycle, and I'm a believer in using all my senses when on two wheels.

gkerr4

ah agreed - i like to read also, but like the audiobook to listen to while travelling - either in the car or on the train.

TDPIX

I quite liked Picking Winning Shares - it given some good tips and tricks.

black_taxi_2

isnt monkey with a pin---putting you off investing

he says cash isas were a better return

MrMalkin

black_taxi wrote: »

isnt monkey with a pin---putting you off investing

There's a lot you can do to avoid the worst of the costs he talks about though, such as using cheap index funds, not trading to much etc...

Not related to investing as such, but The Millionaire Next Door and Millionaire Teacher both talk about the kind of mindset and discipline you have to have in your life to maximise the potential of investing, by following the MSE type of philosophy.

kidmugsy

I'll point to two writers rather than two books.

(i) John Kay (http://www.johnkay.com/): I've read some fine articles of his in the FT. I suggest that you use the web to see what he's had to say and to follow him in future. He's been particularly interested (in the stuff I've read) in diversification of investments, and in keeping down your costs.

(ii) Andrew Smithers (http://www.smithers.co.uk/index.php): his main interest (from my point of view) is in assessing whether stocks (especially on Wall St) are broadly good or bad value. The point is that if you buy 'em when they are pricey you're likely to get a rotten return. You want to buy 'em when they are cheap. How will you know? Smithers is as good a guide as you'll get.

kidmugsy

Oh, a third writer: Stuart Fowler (http://www.fowlerdrew.co.uk/who-we-are/what-investors-need-to-know/). His book Monkey Business is getting on a bit in years - but that just means that you can probably pick up a copy cheap. Read the introduction and see whether you like it (http://www.nomonkeybusiness.co.uk/monkey/wp-content/uploads/introduction-new.pdf).