Question: Good books on investing?
Anyone know of any Good books on investing in stocks for beginners? I've been trying to get some practice trading stocks on wallstreetsurvivor.com and I think it's helped some but mostly I've just realized that it's a bit more complicated than I originally thought. Anyways, thanks in advance for the help. -Rob
Answer:
Your original question asks about "investing."
Then your explanation further says, "I've been trying to get some practice trading ..."
Which is it, trading or investing? They are two entirely different fields. The books offered here on "value investing" might be of little use to a trader.
You have to decide which before anyone can help you.
Article: Trading is Timing
http://www.investopedia.com/articles/tra…
Commodity ETF’s
http://seekingalpha.com/article/30369-a-…
http://etf.stock-encyclopedia.com/catego…
Before you decide to become a day trader, check out these articles, first by the SEC (Securities & Exchange Comm), second by the FTC (Federal Trade Commission, and third by the Motley Fool:
http://www.sec.gov/investor/pubs/daytips…
http://www.ftc.gov/opa/2000/05/daytradin…
http://www.fool.com/investing/small-cap/…
You really need to learn more about trading before you start making decisions about a system ... I would suggest initially exploring these sites and authors ...
http://www.iitm.com/ (Van Tharp)
http://www.hardrightedge.com/ (Alan Farley)
http://www.elder.com/
They each have books on amazon, which you can review before purchasing.
Also: New Trading Systems And Methods by Kaufman
About.com: 'Becoming a Day Trader'
http://daytrading.about.com/cs/education…
Just asked this question myself.
http://answers.yahoo.com/question/index?qid=20111021191817AAQdnhn
Jeffrey Laguna gave a nice list.
1. Rich dad, Poor dad (must read for every business major)
2. Business stripped bare
3. How to become rich (by felix dennis)
4. Delivering Happiness
5. Start something that matters
6. Predictably irrational
7. Own your own corporation
8. Outliers
9. 4-hour work week
10. Think and grow rich.
here's a list of some classics...
http://www.make-money-stock-value-invest…