Understanding investments/stocks and shares

[colin86]

Looking for advice to see where is best to look or if there is any books to buy ? Read rich dad poor dad and the advice of people on here and was really interesting read .

Thanks

[Derek Chevalier]

colin86 said:

Looking for advice to see where is best to look or if there is any books to buy ? Read rich dad poor dad and the advice of people on here and was really interesting read .

Thanks

I've not read it yet but Pete's had a podcast for a while and is held in high regard.

https://www.amazon.co.uk/dp/B07GDPW18K/

[Ginge R]

I was going to steer you in Pete’s direction but noticed that Derek had just done so. A nice bloke with a justifiably loyal following. And he’s not one of these ‘gurus’ that infest the arena with idiocy. The book is well worth a few quid - and catch his podcast.

[Terminator X]

You may as well flip a coin imho as the stock market is random / chaotic.

TX.

[timbo999]

Derek Chevalier said:

I've not read it yet but Pete's had a podcast for a while and is held in high regard.

https://www.amazon.co.uk/dp/B07GDPW18K/

He also has a 10 day 'getting started' series of emails if you sign up to his web site, which I found quite useful but you may find a bit basic... they are more about money management than investment strictly but still of use to me.

[xeny]

Terminator X said:

You may as well flip a coin imho as the stock market is random / chaotic.

.

Yes, it is random/chaotic, but there are still steps you can take to optimise your risk/reward ratio. e.g.

Don't buy individual shares - consider starting with an index tracker.

Aim to minimise fees paid

Don't trade frequently

http://monevator.com/series/buying-index-trackers/ may be a useful starting point.

[Thou]

I read Millionaire Teacher, again off the advice of this forum and thought it was absolutely brilliant. It provides you with a real world strategy and referenceable sources, rather than just being a motivational 'you are in control of your own destiny' type book.

For what you're aiming to learn, well worth the tenner imo.

https://www.amazon.co.uk/Millionaire-Teacher-Wealt...

[JaredVannett]

Thou said:

I read Millionaire Teacher, again off the advice of this forum and thought it was absolutely brilliant. It provides you with a real world strategy and referenceable sources, rather than just being a motivational 'you are in control of your own destiny' type book.

For what you're aiming to learn, well worth the tenner imo.

https://www.amazon.co.uk/Millionaire-Teacher-Wealt...

Looks a good read that, btw latest edition is here: https://www.amazon.co.uk/Millionaire-Teacher-Wealt...

[joema]

It's a pretty unsettled market at the moment and likely to suffer a downtown at some point as it does from time to time.

It depends what you want to do though. Increase your capital slowly through investment funds or gamble more on stocks or trades.

Just be careful of getting sucked into social media hype if investing in shares looking for a quick buck.

Always do your own research and have a strategy i.e. long term holding/short term, how much risk you're prepared to accept (higher risk, higher reward). Small caps have risk but potential big upsides if they deliver to large cap major companies (less risk/ less reward but steady). lots of tips out there on blogs.

And you have to be resilient to ride out the dips. If the fundamentals stay the same the share price will recover.

Just be careful of people ramping stocks.

[colin86]

Thanks for all reply’s so far going to buy both books suggested . Also not sure what a want to invest in yet want a good understanding of it all but investment funds look like a good route to go down .

[anonymous-user]

xeny said:

...there are still steps you can take to optimise your risk/reward ratio. e.g.

Don't buy individual shares

Aim to minimise fees paid

Don't trade frequently

^^^ This, this and this.

[rdjohn]

rockin said:

xeny said:

...there are still steps you can take to optimise your risk/reward ratio. e.g.

Don't buy individual shares

Aim to minimise fees paid

Don't trade frequently

^^^ This, this and this.

If you would rather learn this a much longer way you could enrol for this free course
https://www.futurelearn.com/courses/investment-the...

[GliderRider]

Following advice on this forum, I bought 'How to own the World' by Andrew Craig. I'm only on the first chapter, but from what I've read so far he makes a lot of sense.

Here's a summary of it: How to own the World

Edited by GliderRider on Thursday 15th November 21:11