Well, I’m 16 years old and I have been interested in the whole concept of buying and selling shares and how it works and the factors that affect its price.
I wanted to start learning young so, when I am actually old enough I have a really solid foundation.
Are there any books you recommend I read first and foremost.
For a first book I want one that explains everything in general I was looking at “Investing in Shares for Dummies by David Stevenson” just to start with.
Once I have the fundamental knowledge I would move on to something more hefty.
Also have you just got any genuine tips?
These should keep you busy for awhile, but at least you will be learning
24 Essential Lessons for Investment Success by William O’Neil
Beating the Street by Peter Lynch
Common Stocks, Uncommon Profits, by Philip A. Fisher
From Riches to Rags, by I.C. Freeley
How to Make Money in Stocks” by William O’Neil
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
The Battle for Investment Survival, Gerald Loeb
The Intelligent Investor, by Benjamin Graham
Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.
What Works on Wall Street by James O’Shaunessey
You Can Be a Stock Market Genius by Joel Greenblatt
Your Money and Your Brain by Jason Zweig
Here’s some websites that will also help
Investors Hub – http://www.investorshub.com/
Investopedia – http://www.investopedia.com/
Investors Business Daily – http://www.investors.com/default.htm?fro…
MSN – http://money.msn.com/investing/stockscou…
Naveller – http://navelliergrowth.investorplace.com…
1 Source For Stocks – http://www.1source4stocks.com/info/stock…
Schaeffer’s http://www.schaeffersresearch.com/
Smart Money – http://www.smartmoney.com/
Trading Markets – http://www.tradingmarkets.com/
Yahoo Finance – http://finance.yahoo.com/
Good luck, study hard and you’ll invest well
learning the mechanics of buying and selling shares is easy – you can write it on 1 sheet of paper (A5)
But what to buy and when to buy/sell is the difficult bit
Books can adciseyou what to look out for in shares, and what indicators to look out for that indicate when to buy/sell
But in reality the ONLY thing that can decide any of it is you and YOUR research
You cannot LEARN any of it.
Many years ago I heard a quote and you would be well advised to bear it in mind
“you can read as many books on golf as you like, they WONT make you a good golfer”
buying and selling shares is exactly the same (in this case a good sharedealer is one who makes money and dont lose it)
A second thing to bear in mind
The ONLY money in the stock market comes from the people buying and selling shares
THAT means that for somebody to make a £million other people in the stockmarket MUST lose a £million
The last thing to bear in mind is
You might think you are a certain type of person (a “risk taker” for example) But once you put your own money at risk and see your shares drop by say 50% in value, then you will REALLY find out what type of person you are.
There is nothing wrong with whatever type of person you are, but its REALLY important you find out asap before you lose all your money, or give yourself a heart attack. Once you know then you can plan your strategy accordingly.