The W
Views: 98513393
Main | FAQ | Search: Y! / G | Color chart | Log in for more!
29.8.07 0718
The 7 - Print - Can anyone recommend a dummies guide on the stockmarket for a new investor... Register and log in to post!
(188 newer) Next thread | Previous thread
User
Post (5 total)
LionJeetSingh
Chourico
Level: 36

Posts: 264/282
EXP: 306771
For next: 1342

Since: 3.3.03

Since last post: 3250 days
Last activity: 3077 days
#1 Posted on 22.2.05 1231.34
Reposted on: 22.2.12 1234.10
Something that gives a newbie good a vast knowledge and helpful tips.
Promote this thread!
NickBockwinkelFan
Frankfurter
Level: 57

Posts: 568/773
EXP: 1445581
For next: 40356

Since: 10.4.02
From: New York City, NY

Since last post: 867 days
Last activity: 1 day
#2 Posted on 22.2.05 1316.17
Reposted on: 22.2.12 1316.22
This seems so obvious, but who better to give financial advice than the current WWE Champion?


Have More Money Now : A Common Sense Approach to Financial Management
By John Bradshaw Layfield

(image removed)

http://www.amazon.com/exec/obidos/ASIN/0743466330/qid=1109099639/sr=2-1/ref=pd_bbs_b_2_1/102-0359537-3563324


(edited by NickBockwinkelFan on 22.2.05 1441)
Mr. Boffo
Scrapple
Level: 114

Posts: 869/3844
EXP: 16059223
For next: 250394

Since: 24.3.02
From: Oshkosh, WI

Since last post: 396 days
Last activity: 357 days
#3 Posted on 22.2.05 1547.48
Reposted on: 22.2.12 1548.16
From Scott Adams' book, "Dilbert and the Way of the Weasel."

"Everything You Need to Know about Personal Investing
Make a will.
Pay off your credit card balance.
Get term life insurance if you have a family to support.
Fund your company 401K to the maximum.
Fund your IRA to the maximum.
Buy a house if you want to live in a house and can afford it.
Put six months' expenses in a money market account.
Take whatever money is left over and invest 70 percent in a stock index fund and 30 percent in a bond fund through any discount brokerage company and never touch it until retirement.
If any of this confuses you, or you have something special going on, hire a fee-based financial planner, not one who charges a percentage of your portfolio.

Everything else you might want to do with your money is a bad idea compared to what's on my one-page summary. You want an annuity? It's worse. You want a whole life insurance policy? It's worse. You want to invest in individual stocks? It's worse. You want a managed mutual fund instead of an index fund? It's worse. I could go on, but you get the point."
Shem the Penman
Toulouse
Level: 71

Posts: 759/1267
EXP: 3061364
For next: 105765

Since: 16.1.02
From: The Off-Center of the Universe (aka Philadelphia)

Since last post: 208 days
Last activity: 7 days
#4 Posted on 22.2.05 1635.40
Reposted on: 22.2.12 1636.33
Yeah, that pretty much sums it up. Unless you have inside information, picking individual stocks is usually more risky than it's worth (although if you're young, there's nothing wrong with taking a risk, as long as you don't bet the farm on it).

I've found the Motley Fool (www.fool.com) a fairly good source of information and advice on stuff like how to read a company's financial statements, but don't buy any of their reports, and for Goddess's sake don't put any credence in anything you read on the message boards.

(edited by Shem the Penman on 22.2.05 1736)
Von Maestro
Boudin rouge
Level: 47

Posts: 283/512
EXP: 722321
For next: 43888

Since: 6.1.04
From: New York

Since last post: 169 days
Last activity: 6 days
#5 Posted on 22.2.05 1948.36
Reposted on: 22.2.12 1949.01
    Originally posted by LionJeetSingh
    Something that gives a newbie good a vast knowledge and helpful tips.


Basically, if you have money to invest, you're better off looking for a quality investment management guy (or gal), rather than trying to navigate the market on your own.
As Shem alluded to, you're basically on the lowest end of the totem poll with regards to the availability of information & the ability to act on it.

If you're looking to just play with a few dollars & want to learn how the market works that's one thing, but if you're seriously looking to start investing your money for the long-term you should seek out a good money manager.

Good luck!
ALL ORIGINAL POSTS IN THIS THREAD ARE NOW AVAILABLE
Thread ahead: The Complete Calvin & Hobbes
Next thread: Hunter S. Thompson - Dead at 67
Previous thread: Popstar 'Tiffany' no longer '...alone now'!
(188 newer) Next thread | Previous thread
The 7 - Print - Can anyone recommend a dummies guide on the stockmarket for a new investor...Register and log in to post!

The W™ message board - 7 year recycle

ZimBoard
©2001-2014 Brothers Zim
This old hunk of junk rendered your page in 0.207 seconds.