Understanding investments/stocks and shares
Discussion
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.Thanks
https://www.amazon.co.uk/dp/B07GDPW18K/
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.https://www.amazon.co.uk/dp/B07GDPW18K/
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.
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...
For what you're aiming to learn, well worth the tenner imo.
https://www.amazon.co.uk/Millionaire-Teacher-Wealt...
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...For what you're aiming to learn, well worth the tenner imo.
https://www.amazon.co.uk/Millionaire-Teacher-Wealt...
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.
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.
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.Don't buy individual shares
Aim to minimise fees paid
Don't trade frequently
https://www.futurelearn.com/courses/investment-the...
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
Here's a summary of it: How to own the World
Edited by GliderRider on Thursday 15th November 21:11
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