learning about shares.

rugrat

rugrat

I was wondering if anyone knew any good forums or websites to learn about dabbling in the share market. I have been thinking about buying some shares for a while, but I want to do it myself, not just rely on a financial adviser. But at the moment I really know next to nothing about investing in shares, so need direction on how best to educate myself before jumping in the deep end. ;)
 
rugrat, I recommend reading the book One Up On Wall Street by Peter Lynch. It is, in my opinion, the best book for the beginner share investor by about a bazillion miles. Seriously, nothing else I have read has even come close to being as good. You should have posted this a month ago, I would have given you my copy, but I just gave all my books to Vinnies.

Once you have a basic understanding of the concept of the markets, you should also read The Intelligent Investor by Ben Graham.
 
At the risk of sounding like a fanboy for recommending it multiple times:

Value.Able by Roger Montgomery
 
Aussiestockforums isn't a bad forum, though most forums expect you already know a lot about the market

Re: Books, I liked:

A Random Walk Down Wall Street
The Four Pillars of Investing
The Essays of Warren Buffett

I'd also like to read One Up On Wall Street, Beating the street and Valu.Able
 
datto said:
How much dosh are you willing to lose?
Click to expand...

Rule No. 1 - Never lose money.
Rule No. 2 - Don't forget Rule No. 1.

- Warren Buffett

Investing in shares isn't hard. Identify strong businesses with good management and financials and buy when the shares are cheap, then hold forever. It's not rocket science.

This is why I recommended One Up On Wall Street. It's the premise that Lynch covers and he writes in such a way that someone with no market experience can understand it.
 
For chat and sensible discussion ASF

http://www.aussiestockforums.com

Nick Radge at The Chartist also had a good reputation but is more of a signal service with free educational stuff, worth a contact just to get on their free email list. If it doesn't suit just unsubscribe they are not spammers or such. He also writes books that are Very popular with traders, sells thousands of them.

https://www.thechartist.com.au/

Roger Montgomery also has a good rep but haven't had much to do with him.
 
Shopping for shares by T Edwards. Great for the novice and beginner - a short book and easy to read.

And then paper trade for a few weeks and then you will learn a lot from actual trading. Losses are inevitable - consider them as tuition fees.
 
Stock market is a massive market with many participant, many techniques and vast array of investment/trading choices

you probably need to work out which area you want to be in and build knowledge in that area so that you can withstand the scary headlines and array of problem throwing your way.

start off learning the basics, most of the jargon of the stock market can be learn from here

http://www.investopedia.com/

http://www.aussiestockforums.com/

is a very good forum with very knowledgeable people, ask your questions there or do some searching.

there is no clear winning strategy, the only winning strategy is the one that works for you, the TA guys will you that the only way to go, the FA guys will tell you their ways is better and the FX guys will tell you dozen other advantages and the options traders will tell you the same :)

Here are some books that guide you on how to spot potential business
if you into buying them for long term to generate dividend and capital gain.
If you into trading there are other books as in options or fx or future or commodity.

http://www.amazon.com/Common-Stocks...&sr=8-1&keywords=common+stock+uncommon+profit

http://www.amazon.com/One-Up-Wall-S...-1&keywords=peter+lynch+one+up+on+wall+street

http://www.amazon.com/New-Buffettol...id=1409370924&sr=1-1&keywords=new+buffetology

Stock market is not an easy subject thought it is not that hard that a person with average intelligent cant acquire the knowledge and be a successful participant.

All you need is time, patient, willing to learn and certain temperament and hopefully one day it becomes an easy stress free way to generate very good income.
 
rugrat said:
But at the moment I really know next to nothing about investing in shares, so need direction on how best to educate myself before jumping in the deep end. ;)
Click to expand...

A very very simple way is set up some watchlists on the "ASX" ,IT'S FREE,,
break it down into 4 levels,the top 20 listed,the top 50,top 100,top 200,
then have another that tracks all the upcoming soon to be listed company floats and watch the companies you think may be 10-baggers,that goes from 20 cents into and above 50 cents,then back too zero..

http://www.asx.com.au/education/myasx-watchlists.htm

http://www.asx.com.au/education/get-the-basics.htm

But if you want to learn about the "Trader-Elite" spend the time and read and study the mindset of these
"MEN"..IMHO..
http://www.blackswanreport.com/blog/

http://www.econ.yale.edu/~shiller/books.htm

http://www.booktopia.com.au/renton-...l?source=pla&gclid=CMGm_YXgusACFVgAvAodvCUAiA
 
Hi Rugrat

I initially signed up with Comsec as an online broker, purchased a few Blue chips, IPO's and speculative shares on a hot tip or 3 and learnt a lot along the way. In fact there is one share chart which shows I am an absolute genius in market timing if you turn it upside down
 
redwing said:
No one's ever willing ;)

Though I did hear a quote once that a true gambler goes to the casino to lose (It's not like they never go back if they have a big win).
Click to expand...

My point was that if properly educated and executed, a shares strat should be making money.

We don't ask that same question of people learning about property. Why would that be any different?
 
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