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You guys are awesome--thank you! Please don't think that just because I'm not responding it means I'm not here trying to take this all in. I'm just sitting back and listening for now. Not quite ready to swim (or discuss) with the big fish yet. Thanks again for all your help.
Morningstar
Value Line (can get reports for the 30 DJIA free on their website)
Forbes and Fortune
It's fine to read the WSJ for a while. Get a 6-month or 12-month subscription. You will learn a lot at first, but it's really too much (at least for me) to try to keep up with, unless perhaps if one is retired and enjoys it.
It takes a long time to learn. If you only have enough money to buy one stock then I'd suggest starting out with a mutual fund. Unlike most of the folks here, I do think that studying and buying stocks is a worthwhile activity.
No matter which route you take (stocks or funds, or some of each) it's very important to have some understanding of what you own and why there is value in owning it at the current price. If you buy something simply because it "went up" in the past, you will have no idea what to do when the price drops. Stocks have value because of their assets, and the ability to turn those assets into profits. If you haven't read any of Peter Lynch's books yet, try "One Up on Wall Street". If you are only going to read one of his books that's the one I recommend.
Morningstar Value Line (can get reports for the 30 DJIA free on their website)
Forbes and Fortune
It's fine to read the WSJ for a while. Get a 6-month or 12-month subscription. You will learn a lot at first, but it's really too much (at least for me) to try to keep up with, unless perhaps if one is retired and enjoys it.
It takes a long time to learn. If you only have enough money to buy one stock then I'd suggest starting out with a mutual fund. Unlike most of the folks here, I do think that studying and buying stocks is a worthwhile activity.
No matter which route you take (stocks or funds, or some of each) it's very important to have some understanding of what you own and why there is value in owning it at the current price. If you buy something simply because it "went up" in the past, you will have no idea what to do when the price drops. Stocks have value because of their assets, and the ability to turn those assets into profits. If you haven't read any of Peter Lynch's books yet, try "One Up on Wall Street". If you are only going to read one of his books that's the one I recommend.
Almost all libraries have a Value Line subscription as well. I just used ours last week.
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