For those into the stock market, i need some help

[Z370Z011]

Hey guys! So ive been into investing in the stock market for a little over a year. I don't invest much at all because i don't understand it enough. At most ive made about 100$ lol.
But it is something id like to learn more about, and with so many false info on the internet these days, its hard to trust my money based on a couple of articles. I know I cant ask you guys to teach me, but for those into this, what books would you guys recommend for me to study? And what else would you recommend for me to do so that i can really understand how the market works and how to make an educated investment.

Ive tried to ask around, but unfortunately I don't anyone that knows anything about stocks. This forum has a lot of great people so i thought id ask you guys for some advice.
Thanks

[Z370Z011]

theres gotta be someone into stocks here

[kenchan]

my pops does and does stock as a hobby along with golfing and farming... and hiking, and...

he once told me, 'ken, you need at least $100K of disposable cash you dont care to loose before you start.'

[Z370Z011]

Originally Posted by kenchan

my pops does and does stock as a hobby along with golfing and farming... and hiking, and...

he once told me, 'ken, you need at least $100K of disposable cash you dont care to loose before you start.'

Well, problem is if i had 100k i wouldn't know how to invest it. How did your father learn?

[tibal]

Hey man!

Check this out..

Stocks Investing MONEY : Education?!! Pinkys : OTC

[N0SL3N]

Lots of good information on this site: Seeking Alpha - Stock Market News & Financial Analysis

If you want a good book on the stock market I would recommend The Intelligent Investor by Benjamin Graham, and to get even further into the details I would recommend Security Analysis also by Benjamin Graham.

[Haboob]

I went to a local Edward Jones office and the guy there is really cool and helped me put some money into the market, IRAs, etc. to grow.

I put a little into a Roth and a little more into some stocks - they pull about $50 each month from my account to invest. Pretty much anything I make gets reinvested - I have it set for high risk, since I'm young I could recover anything I lost over time (which I have not put everything I have into this investing, just a bit to get me started).

I'd rather have some of my money out there making me money than sitting in my account and making me maybe $1 and change each year.


That being said, since I went off on a tangent, I don't know much either, but he taught me quite a bit about it to get started and is always there if I have questions, etc.

You may want to look up some local (or semi-local) classes. I have a friend that's done that and he does well in the market.

[kenchan]

Originally Posted by Z370Z011

Well, problem is if i had 100k i wouldn't know how to invest it. How did your father learn?

he's been retired for over a decade now, but he was a long time successful businessman. he is good at reading the financials and projections, etc. from wat i see.

on the contrary, ive known a few economy majors thinking they were some hotshots that failed miserably at stock.

[NickTurnon]

Buy FNMA & FMCC/

Last month they were at $0.25 a share. Now they are at $.88.

One day a couple weeks ago they went up to $1.18 a share.

I technically couldv'e sold my shares and made $1,500 but i just kept them and hoping for the stock to go back up to $30 where it was before 2008.

[cptspeed]

If you don't have a lot of cash, try mutual funds and don't forget to check their track records. If you want to try stocks, spread it out among the larger companies with a long history. Buy low and sell high still works to this day. Just do your research, and determine at what value you will cash in and at what value you will cut your loss and sell. If you are doing this with each investment, you will be doing better than the average investor.

[cptspeed]

All that being said, I pay an advisor.

[Waiz]

I watch both Fast Money on CNBC & Nightly Business Report on PBS everyday it it keeps me updated on happenings in the business world and the market

I then got into a stock of a company that I know really well which back in 2006 was Apple Computer aka Apple INC

Since that time I have made a boatload of cash from Apple and also spent time on other stocks and listened to conference calls, read analyst reports, and studied companies to udernstand their strengths weaknesses and opportunities

What I always tell everyone who wants to get into investing is to start slow or even use a tool like Google finance that allows you to enter trades into a watch list and you can start to see a trend with a certain stock. Then once you feel comfortable you can make an account with Etrade and start to trade shares of a company that you know well

At the end of the day there really is no bulletproof strategy but there are things you can do to reduce your risk

[bucketman]

One of the best books on investing is "The Millionaire Next Door". Not so much a nuts and bolts type book on investing, more of psycology(sp) on how to become one. It includes investing strategy. Just a real eye opener. Just my 2 cents.

[Z370Z011]

Originally Posted by Waizzz

I watch both Fast Money on CNBC & Nightly Business Report on PBS everyday it it keeps me updated on happenings in the business world and the market

I then got into a stock of a company that I know really well which back in 2006 was Apple Computer aka Apple INC

Since that time I have made a boatload of cash from Apple and also spent time on other stocks and listened to conference calls, read analyst reports, and studied companies to udernstand their strengths weaknesses and opportunities

What I always tell everyone who wants to get into investing is to start slow or even use a tool like Google finance that allows you to enter trades into a watch list and you can start to see a trend with a certain stock. Then once you feel comfortable you can make an account with Etrade and start to trade shares of a company that you know well

At the end of the day there really is no bulletproof strategy but there are things you can do to reduce your risk

There are so many old companies that have made a lot of people great amounts of cash. Hopefully ill find me the next apple INC
Ive been investing with share builder, and for the most part they don't charge me much of anything. Not sure what the differences between etrade and share builder are though.

thanks for the tip and to the rest of you as well
i appreciate all the responses. like i said, i try not to trade in large amounts since i really dont know much about the market. so far the only ones that I've been able to make some money with is KOF and BAC.

[Z370Z011]

Originally Posted by bucketman

One of the best books on investing is "The Millionaire Next Door". Not so much a nuts and bolts type book on investing, more of psycology(sp) on how to become one. It includes investing strategy. Just a real eye opener. Just my 2 cents.

thank you, i enjoy reading so ill definitely take a look at it.