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Reply #27: In addition to the books mentioned by LoZoccolo the book [View All]

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slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-15-07 05:02 PM
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27. In addition to the books mentioned by LoZoccolo the book
"How to Make Money In Stocks" by William O'Neil was helpful to me. Also the Edwards and Magee book is excellent and worth the investment IMO.


And I agree what was said here...

"The best way to start is promise yourself not to jump in for a set time period.

Edited on Sat Dec-15-07 07:43 PM by LoZoccolo

One of the more valuable lessons to learn is when to sit out. The great trader Jesse Livermore said "There is time to go short, time to go long, and time to go fishing."

Spend a set amount of time studying, say a year, before you do anything. It will teach you the skill of waiting and watching for a good opportunity, rather than trying to force one..."


Then just use common sense and since you mentioned gold some people were discussing gold in 1999 and 2000. Which is a better buy stocks at a 20 year high or gold at a 20 year low?

http://stockcharts.com/charts/historical/djiagold1980.h...


Also within the past month or so there have been more articles in the mainstream press about the collapse of the dollar while in reality it has been falling for years. When an idea becomes popular it should signal a caution sign.

http://stockcharts.com/h-sc/ui?s=


Become familiar with the big market picture/trend first as most stocks will follow the larger trend.
Read the column "The Big Picture" in Investor's Business Daily when you are at the bookstore.







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  -How Do I Start Investing in Stocks? Bullet1987  Dec-15-07 11:41 AM   #0 
  - Check out stocks that do DRIP -- You can buy your stocks directly from the corporations  1monster   Dec-15-07 11:53 AM   #1 
  - I just asked my husband, who has been doing it for a long time--  ginnyinWI   Dec-15-07 11:53 AM   #2 
  - Mutual funds are good. Start with index funds.  backscatter712   Dec-15-07 04:45 PM   #24 
  - Go Green?  jwirr   Dec-15-07 11:56 AM   #3 
  - And not make a single cent?  Squatch   Dec-15-07 04:10 PM   #19 
  - I remember experiments  Warpy   Dec-15-07 11:57 AM   #4 
  - This is a great post, so I'll try to help you out....  peacetheonlyway   Dec-15-07 12:07 PM   #5 
  - By reading the biography of Mark Twain.  L. Coyote   Dec-15-07 12:08 PM   #6 
  - Consider Social Investing  OutNow   Dec-15-07 12:08 PM   #7 
  - one more good Mutual Fund  peacetheonlyway   Dec-15-07 12:18 PM   #8 
  - Those are class A shares... Did you consider the load you paid in that return?  high density   Dec-15-07 01:32 PM   #10 
     - it was a schwab NO LOAD fund  peacetheonlyway   Dec-15-07 01:55 PM   #13 
        - Whatever floats your boat  high density   Dec-15-07 04:06 PM   #18 
  - Open an account at Vanguard.com  high density   Dec-15-07 01:21 PM   #9 
  - I agree with this  W_HAMILTON   Dec-15-07 10:00 PM   #42 
     - ALSO,  W_HAMILTON   Dec-15-07 10:13 PM   #43 
  - The best way to start is promise yourself not to jump in for a set time period.  LoZoccolo   Dec-15-07 01:36 PM   #11 
  - I agree with you...  slipslidingaway   Dec-15-07 05:05 PM   #28 
  - Meet With Financial Planners  KharmaTrain   Dec-15-07 01:40 PM   #12 
  - If a financial advisor doubles as a tax preparer, then  Yupster   Dec-15-07 11:10 PM   #45 
  - Put $100 aside NOW every month  peacetheonlyway   Dec-15-07 01:58 PM   #14 
  - Low cost mutual funds and DRIP's. Only trade individual stocks once you have serious experience.  BadgerLaw2010   Dec-15-07 02:09 PM   #15 
  - I'd listen to those who seem to know what they're doing and have experience  DFW   Dec-15-07 02:28 PM   #16 
  - 12 Timeless Rules of Investing  edhopper   Dec-15-07 02:37 PM   #17 
  - Some good points, but also questionable ones for novice investors  high density   Dec-15-07 04:37 PM   #21 
     - Let's see  edhopper   Dec-15-07 04:59 PM   #25 
        - In all likelihood it's impossible to determine when "always" applies and when it doesn't  high density   Dec-15-07 05:44 PM   #31 
           - Agreed about off the street  edhopper   Dec-15-07 07:53 PM   #38 
  - Bookmarking for a later, more thorough read. Lots of info here. nt  riderinthestorm   Dec-15-07 04:22 PM   #20 
  - First, get a dartboard, then a copy of WSJ.... nt  Ravy   Dec-15-07 04:39 PM   #22 
  - About gold-  dantyrant   Dec-15-07 04:45 PM   #23 
  - Microsoft, ICICI bank, Comcast, Toyota  lynyrd_skynyrd   Dec-15-07 05:02 PM   #26 
  - ICICI bank??  high density   Dec-15-07 05:46 PM   #32 
     - Why not?  lynyrd_skynyrd   Dec-15-07 05:57 PM   #33 
        - Same idea, but different region is Banco Itau.  Zynx   Dec-15-07 06:43 PM   #35 
  - In addition to the books mentioned by LoZoccolo the book  slipslidingaway   Dec-15-07 05:02 PM   #27 
  - safest and easiest way to double your money is to  PCIntern   Dec-15-07 05:19 PM   #29 
  - Great advice in this thread guys...thanks...  Bullet1987   Dec-15-07 05:34 PM   #30 
  - Dow Jones Industrial Average (1900 - 2007 Monthly)  slipslidingaway   Dec-15-07 06:33 PM   #34 
  - First off, don't listen to Cramer  zagging   Dec-15-07 06:49 PM   #36 
  - Benjamin Graham: The Intelligent Investor  zagging   Dec-15-07 06:55 PM   #37 
  - I would do dollar cost averaging  Dorian Gray   Dec-15-07 08:38 PM   #39 
  - Gold isn't safe?  Horse with no Name   Dec-15-07 08:39 PM   #40 
  - If your company offers a 401(k) option  Mutineer   Dec-15-07 09:25 PM   #41 
  - Go see a financial advisor like Dean Witter..  B Calm   Dec-15-07 10:22 PM   #44 
     - Best advice on the thread  Yupster   Dec-15-07 11:15 PM   #46 
 

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