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Old 08-27-2012, 04:23 PM
 
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I would appreciate any suggestions for books, videos, blogs, etc that are great for helping someone organize and optimize their financial situation.

I am particularly interested in advice on learning about the stock market and many other financial instruments & transactions.

Thanks.
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Old 08-27-2012, 04:57 PM
 
Location: The Triad
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Start with an Accounting 101 course at the local Community College.
They'll get to stock shares with Acc 102.

With that basic knowledge the rest is mostly about the vocabulary.
The New York Times on the Web: Glossary of Financial and Business Terms
Financial Dictionary | Investopedia
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Old 08-27-2012, 05:48 PM
 
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The "Dummies" series of books is always a good place to start - make sure to buy the most recent version, as they are updated to keep up with the changing times.

Also Investopedia is a good site for learning.
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Old 08-27-2012, 09:03 PM
 
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Best book that I read on investing was Jeremy Siegel's The Future for Investors. It is based upon years of research performed by him and his students at the U of Penn's Wharton School of Business. Many books are just anecdotes from their author's experiences.
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Old 08-28-2012, 11:13 AM
 
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Thanks for the advice guys & please keep it coming.
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Old 08-28-2012, 07:05 PM
 
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The best advice you can ever get is to keep it simple. Build a nest egg over time rather than going for the home run. Don't get caught up in the next bubble and invest in what you know. In looking for the long-term, save at least 10 to 20% of your income and investing it in the stock market in either a mutual fund or diversified ETFs (SPY is a great one to track the market) and you'll do fine.
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Old 08-28-2012, 07:11 PM
 
Location: North of Canada, but not the Arctic
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There are many books that can explain the basics. Might want to go to the library or do a Google search for investment advice.
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Old 08-29-2012, 07:48 AM
 
Location: Baltimore
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"Too Big to Fail" by Andrew Sorkin
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Old 08-29-2012, 09:43 AM
 
Location: Victoria TX
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"Das Kapital", by Karl Marx, too. If you read only books written by cheerleaders, you will not be able to detect the flaws in their reasoning. If you don't want to go that far, at least try something by John Kenneth Galbraith, like "American Capitalism" or "The New Industrial State".

In any case, read the works of academic thinkers on economics, not the ones by billionaires that tell how easy it was to do it. Avoid novels, like Ayn Rand, which are simply fiction that plugs in economic ideas that are barely plausible, and have about as much relevance as Harry Potter.

Also, avoid any of the financial news networks on cable, they're all bullish all the time, and won't let a bear near a microphone, no matter how bad things get.

Last edited by jtur88; 08-29-2012 at 10:05 AM..
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Old 08-29-2012, 11:33 AM
 
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A while back I remember hearing about a financial online news outlet called the Motley Fool.

If memory serves me correct it was supposed to be a great resource for laymen to learn about finance.

Still that was a while back, so if anyone knows of a similar resource/s, please feel free to share.
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