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

Pincher

bottleandahalf wrote: »

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

There seems to be a video course:

https://www.youtube.com/watch?v=wOFx-5nQiB4&list=PLrDZqw9Hf97YSy2e-BmsYsUSw0xwBdEhz

I'm going to set it up to put me to sleep.

BananaRepublic

TrustyOven wrote: »

I wouldn't recommend that.

No, no, no. Let the OP pretend to invest for 5 years, the minimum realistic long term investment period, and then at the end see what they would have made had they invested, and compare that to the pathetic gains they actually made by leaving the money in a bank account. Errr, maybe not, okay, I think you are right.

Linton

I suggest you dont just read one book. If you are reading about investing, read several with opposing ideas. Its all too easy to read one persuasively written book and feel you now know THE way to success.

Also I suggest you ensure you have the basic education needed for investing.....

1) Basic maths: familiarity with calculating compound interest, familiarity with concepts of risk and probability
2) Understand how companies work. What are shares, what are dividends, how can you value a company. Many years ago there was a book called "How to read the financial pages". The copy I have is very out of date, but there may be a later edition. Being rather dense, it's not suitable for bedtime reading but is a good reference for all the technical terms you may meet.
3) Understand the way markets work. I found "The Undercover Economist" very interesting - nothing about the stockmarket but a lot about how supply and demand works.
4) Read the business pages of quality newspapers so you know what is happening in the financial world.

Once you have done all this continue reading very widely. Knowledge is power.

bowlhead99

Linton wrote: »

Knowledge is power.

- France is Bacon

SailorSam

OP i've had an email from Moneywise this morning offering this free download. I've not looked at it yet, whether it's any good i don't know.
But you may want to have a read and see what you think.


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DrSyn

1.Instead of buying a book you could look at some websites.

Examples
http://monevator.com/highlights/
http://meaningfulmoney.tv/category/investment/#


2. Go to you tube.com and in the search box type investing. You will find various videos on the subject.

Example These 5 videos give just one approach
http://monevator.com/this-former-hedge-fund-manager-reveals-how-you-can-invest-for-life-in-five-quick-videos/

3. As for a book "Smarter Investing by Tim Hale". I have never read it, but may people seem to think it's good. Below is a review

http://monevator.com/review-smarter-investing-by-tim-hale/

A lot will depend on how deeply you want to go into investing. You can make it as simple or as complex as you like.

muhandis

Only advice I'd give is -

1. Don't buy any books, borrow them for free from local libraries. If you really really like them and want a copy at home as a manual or reference, then consider buying a (used) copy.

2. Read a few books which offer differing viewpoints, I'd argue that the mind-set with which you invest is harder to get right than the mechanics which can be learnt.

Don't wait to know 'everything' before dipping your toes and trying things out, good luck!

1393jason

Winning the losers game - sorry I do not remember the author.

A couple of nice podcasts to listen to:

Wake up to money
This is Money