Sunday, December 27, 2009

What is a good book to read for a total beginner to the investing in stocks?

that is also interestingWhat is a good book to read for a total beginner to the investing in stocks?
You need to see what you really know in order to make money by investing stock. That's always simple. Experienced investors are finally going back to basic. You know why? Just keep the following chart in your mind, then you will never lose your money at all. The more you learn, the more you lose.


http://www.digcent.com/ChartReading.htmWhat is a good book to read for a total beginner to the investing in stocks?
Interesting is more a matter of personal taste. ';Investing for Dummies'; is a good beginning book.
N C has a good suggestion





1. The wealthy barber - even though its about mutual funds and not specifically the stock market, i'ts still a good book to learn how to manage money and become wealthy





2. Learn to Earn by peter Lynch, the title sounds a little corny but peter lynch is a very interesting writer. Peter Lynch was also one of the top money mangers in the U.S. He ran the magellan fund for fidelity and returned 29% a year and held over 1000 stocks in his portfolio. Very interesting read and meant for beginners.





Here is a website you can start to learn about the stock market with: TheMapleInvestor.com
Start with any investment books by Andrew Tobias. Then look for a copy of ';The Millionaire Next Door';, and ';The Millionaire Mind';.





Also - if you're in high school or college, be sure to take an economics class. Classes in finance and accounting would be helpful, too.
Screw Stocks... investing in stocks is like gambling in Las Vegas.





Invest in tax liens.





The interest rates are between 16% and 25% in most states. You can't lose. If the person pays their property tax.. you get your money back PLUS interest. If they don't pay their tax... the property goes into forcloser and YOU GET THEIR HOUSE.





Once you have the house you can sell it. Most houses cost between $100,000 to a million dollars each. Since there is no loan or mortgage.. when you sell the house you get ALL the money.. minus broker fees and taxes.





You sell a house that costs $200,000 and you can walk away with a minimum of $150,000 in CASH.





Do this over and over and you can quit your job.





The stock market is for people who are already rich and can gamble their money. If your still poor.. start with tax liens. Its safer and you don't have to worry about losing your money.
Anything by David Bach. He is a really good writer and knows how to keep you reading. His books are pretty basic, but they touch on a lot of key and interesting subjects.
The Wealthy Barber by David Chilton





http://www.amazon.com/Wealthy-Barber-Upd鈥?/a>
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