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Finance & Stock Groups Forum Index » Financial Planning » Resources for a Beginner
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| Guest |
 Posted: Mon Jul 02, 2007 3:27 pm |
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I'm looking to get into the market, but have little knowledge of where
to get some sound advice, data, statistics ,etc.
I recently subscribed to the WSJ for news and basic info, but really
want to find some books or resources that actually explain how to
invest.
I was thinking about signing up for Morningstar premium, but after
reading all the bashing about their gold star system, i'm rethinking
that option.
What are you suggestions for a beginner on where to start. |
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| Guest |
| Posted: Mon Jul 02, 2007 3:27 pm |
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roflraffe@gmail.com writes:
Quote: I recently subscribed to the WSJ for news and basic info, but really
want to find some books or resources that actually explain how to
invest.
I've recommended it here many times before, and no surprise,
once again: Personal Finance for Dummies by Eric Tyson.
It's about more than just investing - it also covers things
like assessing your current personal "balance sheet",
prioritizing things like paying down credit cards, etc,
getting adequate insurance, etc.
He's also got a very good Investing for Dummies, but I
definately would start with Personal Finance if I
I were starting completely from scratch.
Quote: I was thinking about signing up for Morningstar premium, but after
reading all the bashing about their gold star system, i'm rethinking
that option.
I subscribe to MStar, but not entirely for their star
ratings. Their articles and discussions are very good,
and way more useful than star ratings.
Quote: What are you suggestions for a beginner on where to start.
To be quite honest, the WSJ is not the place. I'd start
with Kiplingers and/or SmartMoney, I think, as far as
subscriptions to periodicals goes. And I wouldn't
worry about individual stocks but rather, start with
a bigger picture - the whole debts, assets, figure out
your goals and plans and situation thing. Then, at
least to get going, almost certainly use a very small
set of funds - for which research at MStar is quite
helpful.
I would definitely not start with "analyzing a stock"
kind of stuff. There are lots of other things to
take care of first.
And ask questions here. There are some very bright
and knowledgeable and experienced folks on this newsgroup.
The more detail you can post, the better answers you'll
get.
--
Plain Bread alone for e-mail, thanks. The rest gets trashed.
No HTML in E-Mail! -- http://www.expita.com/nomime.html
Are you posting responses that are easy for others to follow?
http://www.greenend.org.uk/rjk/2000/06/14/quoting |
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| Andrew Koenig |
| Posted: Mon Jul 02, 2007 3:28 pm |
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Guest
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| PeterL |
| Posted: Mon Jul 02, 2007 9:02 pm |
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Guest
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On Jul 2, 6:50 am, roflra...@gmail.com wrote:
Quote: I'm looking to get into the market, but have little knowledge of where
to get some sound advice, data, statistics ,etc.
I recently subscribed to the WSJ for news and basic info, but really
want to find some books or resources that actually explain how to
invest.
I was thinking about signing up for Morningstar premium, but after
reading all the bashing about their gold star system, i'm rethinking
that option.
What are you suggestions for a beginner on where to start.
The bashing of their gold star system came from someone who didn't get
his gold star. I subscribe to Morningstar stock investor. So far so
good. But a bull market makes everyone a genius. If you are
interested in buying stocks buy their book on stock investing (Five
Rules for Stock Investing, or something like that). |
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| CIL |
| Posted: Tue Jul 03, 2007 3:13 am |
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Guest
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I have learned more from this group, reading Kiplinger's and Smart Money
than you can imagine.
Not sure what your age, marriage status, vocation etc - But if you share
with the group you will get better directed answers. This group is seen by
many and the folks that answer are on target. The Moderators keeps all on
the straight and narrow as well.
Good Luck, and I assume by the question that you are fairly young. GOOD
Don't wait until you get older, start now....
cil
<roflraffe@gmail.com> wrote in message
news:1183383707.380940.60100@57g2000hsv.googlegroups.com...
Quote: I'm looking to get into the market, but have little knowledge of where
to get some sound advice, data, statistics ,etc.
I recently subscribed to the WSJ for news and basic info, but really
want to find some books or resources that actually explain how to
invest.
I was thinking about signing up for Morningstar premium, but after
reading all the bashing about their gold star system, i'm rethinking
that option.
What are you suggestions for a beginner on where to start.
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| joetaxpayer |
| Posted: Tue Jul 03, 2007 3:16 am |
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roflraffe@gmail.com wrote:
Quote: I'm looking to get into the market, but have little knowledge of where
to get some sound advice, data, statistics ,etc.
Data and statistics are available on many sites, already mentioned by
others.
http://www.joetaxpayer.com/book.html is my list of recommended reading,
it covers quite the range of authors and topics. 'Personal Finance for
Dummies' as another poster mentioned, is a great start, covering a broad
range of topics, but not able to do too deep a dive on many of them.
"Security Analysis" by Graham & Dodd is the bible for those who wish to
understand stock selection, while for others, "A Random Walk Down Wall
Street" by Burton Malkiel 'proves' one cannot really beat the market,
and you are therefore better off investing in index funds, as John Bogle
would agree.
JOE |
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| Will Trice |
| Posted: Tue Jul 03, 2007 3:16 am |
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roflraffe@gmail.com wrote:
Quote: I'm looking to get into the market, but have little knowledge of where
to get some sound advice, data, statistics ,etc.
I like Yahoo! Finance for data and statistics.
Quote:
I recently subscribed to the WSJ for news and basic info, but really
want to find some books or resources that actually explain how to
invest.
In addition to the periodicals Bread suggested, I'd add Money and
BusinessWeek.
Bread's book suggestions were also good, and if you are interested in
individual stocks, I'd add Peter Lynch's books (starting with _Learn to
Earn_ and moving backwards in publication order), and Benjamin Graham's
_The Intelligent Investor_ to the list.
-Will |
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| Elle |
| Posted: Tue Jul 03, 2007 4:15 pm |
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<roflraffe@gmail.com> wrote
Quote: but really
want to find some books or resources that actually explain
how to
invest.
I particularly like the books that joetaxpayer recommends at
his site (see his post). These are going to take a while to
skim and digest. When you need a break from all the verbage,
experiment with the interactive asset allocation tools
linked at http://home.earthlink.net/~elle_navorski/id8.html
. They will introduce you quickly to a standard
recommendation when investing: Diversify. Of course, then
understanding why one should diversify is the question you
want to ask and have answered. Do lurk here as well. |
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