What is the best book to read for beginner in stock investing

jonj123

Hi,

I'm a beginner to stock investing and was wondering what would be a good book to read?

Thanks

TrustyOven

jonj123 wrote: »

Hi,

I'm a beginner to stock investing and was wondering what would be a good book to read?

Thanks

Search the forum

TrustyOven

jonj123 wrote: »

Hi,

I'm a beginner to stock investing and was wondering what would be a good book to read?

Thanks

So a few mins of searching, yields these threads. Take a look, and remember to buy the books cheaply so you have more money to invest

https://forums.moneysavingexpert.com/discussion/5436802

https://forums.moneysavingexpert.com/discussion/5404830

https://forums.moneysavingexpert.com/discussion/4532371

https://forums.moneysavingexpert.com/discussion/5043692

https://forums.moneysavingexpert.com/discussion/4752194

https://forums.moneysavingexpert.com/discussion/5486686

Happy reading!

BLB53

I'm a beginner to stock investing and was wondering what would be a good book to read?

Tim Hale 'Smarter Investing' - brief summary on diy investor

http://diyinvestoruk.blogspot.co.uk/2015/09/smarter-investing-review.html

ps I borrowed a copy from local library!

Apodemus

While nearly everyone will recommend Tim Hale's Smarter Investing, I'm afraid it just didn't work for me. To me, it was clear from page 1 that it is a polemic. Whether I agree with its conclusions or not, reading a polemic always makes me nervous.

If i was new to investing I would want something a bit more general and balanced, that explained about different markets and products and talked about how different investors vary in their aims, ambitions and attitude to risk.

I'm afraid I can't offer an alternative title. When I was much younger, during a period of boredom in the university library when I should have been studying, I found a wee book written in the 1920's that was much more enlightening and inspirational for me than Tim Hale. Of course, the market is radically different from what it was either in the 1920's, when the book was written, or the 1980's when I read it!

bigadaj

Smarter investing is fine, it is very passive biased but explains overall investing principles and once people see the basics they can do their own research in the passive versus active debate.

No different to monevator really, and it would be stupid to ignore monevator just because they are a bit cost obsessed.

Pincher

What a coincidence. It's Sunday, so you can get the Sunday Times, which has a Money section simple enough for anybody.

To do it the MSE way, you should get it for nothing by spending £10 with a Waitrose card.

Strangely enough, freebies COUNT towards the £10, so I get the £2.50 Sunday Times, AND the free £2.15 coffee, so I only have to spend £5.35.

Don't forget to scan the Waitrose card.

This can be further reduced by using the TSB 5% cashback for Contactless transaction. Or 1.25% Amex Reward card, or 1% Santander 123 credit card.

Waitrose sells the Investor's Chronicle, too.

bottleandahalf

How To Own The World isn't a bad read.

SailorSam

Rather than just reading, open a practise account and you can learn while using monopoly money.

TrustyOven

SailorSam wrote: »

Rather than just reading, open a practise account and you can learn while using monopoly money.

I wouldn't recommend that.

That'd be the same as:
- Practice driving on a Playstation racing game so you get practice of real world driving when you come to do the test, skip all the driving lessons, because you have your PS4 game.

- Practice flying airplanes by playing fighter sim games, so when you get to fly your first Cesna light aircraft with no normal flying lessons, you can have 100% confidence that you will do ok because of your flight sim experience.

Bad idea.

You won't gain actual experience and learn from mistakes until you do it for real, with your own real money, where you have to actually make choices and think about things.

With no actual risk (to your money), there's no challenge, no driver for change or learning or getting better or mastery.

It's the same if I start up a new game of Warzone2100 and select all the CPU players to be on the most difficult level and I type the "research all" and "superpower" cheat codes... I can win the game in like 5-10 minutes. And after that... What have I really learnt? What have I really achieved?

** Edited to add: Definitely do read books and forums and blogs. It will help you understand what is happening, and help you plan.

Alice_Holt

Not up to date, but I found this useful:

https://www.amazon.co.uk/How-Fix-Your-Finances-Financial/dp/0471967025

Stephen Lofthouse also wrote:
http://eu.wiley.com/WileyCDA/WileyTitle/productCd-047149237X.html
Investment Management, 2nd Edition