What books would you recommend to a beginner in investing?
Similar books to "investing for dummies" e.t.c.
Comments
Well, in my personal opinion, if you are a beginner and are not sure how certain things work, like derivatives and things of that sort, I would recommend A Random Walk Down Wall Street. It gives you very useful information that is practical today, without boring you (but realize that an investing book can only be so interesting).
For trading stocks etc. I highly recommend you read ‘The Profit Magic of Stock Transaction Timing’ by J.M. Hurst. This was one of the first truly valuable books available on trading stocks from a market timing perspective.
Regards,
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I’m really surprised at the crappy answers you’ve gotten so far.
1.Your first answer: he recommends A Random Walk. Geez, what a stupid book on theory; a complete waste of time. We can debate theory your whole life. Just google this theory and see the wide debate yourself. It’s not worth the time it takes to read it.
2.Second answerer says MANY investing books are outdated. Well, maybe the crappy ones, but a good book is timeless. Further, he recommends free websites. Geez, this guy is directionless and contradicts himself. He even states (about investing books) “you would not know just what is correct at present”. Wouldn’t this apply to “free websites?” As a novice, how are you going to tell the good info from the shysters? How can you check the track record of a blogger? Every jerk that thinks he’s a trader and never made a consistent dime puts his opinions out there. Are you going to waste your time weeding through unknown people, their beliefs and opinions? Or are you going to find a proven useful book known to be worth it’s weight in gold?
3.Finally, your third answerer answers the question and recommends a decent book.
4.Another answer recommending a website. That’s it? Just read a few paragraphs and you’re good to go? Dude, don’t stop reading books, even after you’ve read a hundred. The websites are just going to confuse you; do this, don’t do that, then the next website reverses it.
There are some good reference websites
http://www.howthemarketworks.com./
http://stockmarket.makemoneyideas.in/
http://simulator.investopedia.com/home.aspx
http://www.top10traders.com
http://investopedia.com (for finance terms and definitions)
http://investing.sitesled.com/
http://www.stockcharts.com
http://www.freestockcharts.com
http://www.fool.com/school/basics/basics...
http://beginnersinvest.about.com/library...
http://www.mysharetrading.com
http://help.yahoo.com/help/us/fin/
And there are some timeless and excellent books
"Which Is Better, Buy-and-Hold or Market Timing?"
"Do You Have What It Takes to Be a Market Timer
Kahn, Michael N.Tech. Anal. Plain & Simple
Kamich, Bruce M.How Technical Analysis Works
Lefevre, Edwin – Reminiscences of a Stock Operator
about Jesse Livermore
O’Neil, William J.How to Make Money in Stocks
Oz, TonyHow to Make Money From Wall Street
Rotella, Robert P.Elements of Successful Trading, The
Schwager, JackStock Market Wizards
Schwager, Jack D.New Market Wizards
Sperandeo, VictorTrader Vic-Methods of a Wall Street Master
Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay
The Intelligent Investor, by Benjamin Graham
One Up on Wall Street, by Peter Lynch
Common Stocks, Uncommon Profits, by Philip A. Fisher
Stocks for the Long Run, by Jeremy Siegel
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
Trading for a Living, by Alexander Elder
From Riches to Rags, by I.C. Freeley
Millionaire Traders, Lein & Schlosberg
July 25th, 2010 at 7:03 pm
the trouble with MANY investing books is that they contain a hell of a lot of outdated information, so just look on free websites – as a beginner – you would not know just what is correct at present and what has been changed SINCE publication….
b2fnow – COPY AND PASTE THIS ****
JUST HOW MANY TIMES A WEEK DO YOU PASTE THAT BOOKS AND WEBSITES ANSWER