Investment book recommendation? (bonds, trade options, mutual funds, dividend)
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Can someone recommend a good book, blog, website, etc for learning basics on how the stock market works & investments, in general, for a newbie? I don't care if the reading is dry & encyclopedic... I just want to learn. Thank you.
A Random Walk Down Wall Street by Burton G. Malkiel
The Intelligent Investor by Benjamen Graham
The Four Pillars of Investing by William Bernstein
The Bogleheads' Guide to Investing by Taylor Larimore and Mel Lindauer
I've never read a book about investing before and I've been very successful for a long time.
Best way to learn is to just do it, you can open a play account if you want. Use google as your teacher. Let's say you open your fake account and now you begin your journey, google "what are the mutual funds for retirement, what are the best dividend stocks for 2017, etc" Take everything you read with a grain of salt, the purpose of doing this is that you will learn along the way. You can also google more technical stuff like, "how do I place a limit order" etc
A Random Walk Down Wall Street by Burton G. Malkiel
The Intelligent Investor by Benjamen Graham
The Four Pillars of Investing by William Bernstein
The Bogleheads' Guide to Investing by Taylor Larimore and Mel Lindauer
These are great books! Especially Graham's book, excellent advice in chapters 8 and 20 (per Buffett) even though with now badly outdated examples (but that does not detract from the book's overall quality.)
If you want to learn about different types of investments etc, the "Investing For Dummies" is not a bad start. Simple and sensible. (I hope you don't think there is some kind of stigma about reading "Dummies" books.)
I've never read a book about investing before and I've been very successful for a long time.
Best way to learn is to just do it, you can open a play account if you want. Use google as your teacher. Let's say you open your fake account and now you begin your journey, google "what are the mutual funds for retirement, what are the best dividend stocks for 2017, etc" Take everything you read with a grain of salt, the purpose of doing this is that you will learn along the way. You can also google more technical stuff like, "how do I place a limit order" etc
I disagree strongly. You just won't know basic "good stuff" like why (ceteris paribus) bonds are better in tax-sheltered accounts vs stocks in taxable; or how ETFs beat mutual funds on tax efficiency; or why huge dividend yields are bad, not good; etc etc. Google is extremely inadequate and noisy for that kind of education - you need a good book if you are a beginner.
If you want to learn about different types of investments etc, the "Investing For Dummies" is not a bad start. Simple and sensible. (I hope you don't think there is some kind of stigma about reading "Dummies" books.)
It's even better when used in conjunction with "Personal Finance for Dummies." And only REAL dummies think those two books are only for dummies!
I disagree strongly. You just won't know basic "good stuff" like why (ceteris paribus) bonds are better in tax-sheltered accounts vs stocks in taxable; or how ETFs beat mutual funds on tax efficiency; or why huge dividend yields are bad, not good; etc etc. Google is extremely inadequate and noisy for that kind of education - you need a good book if you are a beginner.
You will come across all of that on your own, depending on what you kind of investments you want to make. There is no reason to read a large book when maybe only 5% applies to you. I learned all those things you mentioned on my own from google when the time came. I even learned how to trade options through google. Most books are written by billionaires and read by people investing $10,000. There is a big disconnect between the two.
You will come across all of that on your own, depending on what you kind of investments you want to make. There is no reason to read a large book when maybe only 5% applies to you. I learned all those things you mentioned on my own from google when the time came. I even learned how to trade options through google. Most books are written by billionaires and read by people investing $10,000. There is a big disconnect between the two.
I totally agree with cfa-ish. Random Walk Down Wall Street and Four Pillars of Investing are not so much "how to" books as basic information to get you going. Another rather basic book is Stocks for the Long Run by Jeremy Siegel.
Half the problem with learning anything new, and especially investing, is not knowing what are the right questions to ask. Once you know, then as you said, you can Google it or whatever.
There is a lot of disinformation out there and a lot of biased opinions on what one should do. This is true here and on about any Internet investing forum. You see some screwy stuff being said. I think reading a couple of books will help any new investor navigate the barrage of information out there.
Can someone recommend a good book, blog, website, etc for learning basics on how the stock market works & investments, in general, for a newbie? I don't care if the reading is dry & encyclopedic... I just want to learn. Thank you.
I have read many. I recommend:
1. "A Fool and his money" by John Rothchild
2. "Reminiscences of a stock operator" by Edwin Leferve
Whatever you decide, at least read "A fool and his money"
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