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- Dec 9, 2014
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It depends on which direction you want to take it. Is there something specific you want to learn about?
If you're looking at how the economy works, watch this:
There are some courses you can take at Kahn Academy on Micro and Macro Economics and Finance and Capital Markets.
If you're looking at the stock market and just want to throw your money in and forget it, then learn about index funds. The other alternative is to take your money, put it into a fastlane business that can generate much higher returns, and and then put it into "slowlane" companies that will throw off dividends (MJ's method).
If you want to take some money and take the time to research real companies to invest in them, say, if you want to start your own investment fund, then start with a book called "F Wall Street" by Joe Ponzio. It's probably the best beginner book I have found on investing. I've read it 3 times and recommended it many more. I wish I got some kind of commission for every time I've recommended it. haha I've had good success with investing in individual companies, but the investments are hard to find and can be time consuming.
Too many people will recommend The Intelligent Investor, Security Analysis, and/or A Random Walk Down Wall Street. Skip them for now and read the book I recommended. Then, if you want, The Intelligent Investor with commentary by Jason Zweig is pretty good, but you really only need to start with Chapters 8 and 20, which are based on Mr. Market (Ch. 8) and the Margin of Safety (Ch. 20). The books were written so many years ago that it's hard to relate it back to today's companies and earnings. You can probably find a free pdf online if you just want to read those two chapters.
There are a bazillion books out there. Don't waste your time reading too many thinking you're going to have your "a ha" moment. I have an overflowing bookshelf full of investing books and I still haven't found the one "a ha" moment I was looking for. The best lessons came from doing and investing. If you invest in the right companies, you can make a lot of money.
If you're looking at how the economy works, watch this:
There are some courses you can take at Kahn Academy on Micro and Macro Economics and Finance and Capital Markets.
If you're looking at the stock market and just want to throw your money in and forget it, then learn about index funds. The other alternative is to take your money, put it into a fastlane business that can generate much higher returns, and and then put it into "slowlane" companies that will throw off dividends (MJ's method).
If you want to take some money and take the time to research real companies to invest in them, say, if you want to start your own investment fund, then start with a book called "F Wall Street" by Joe Ponzio. It's probably the best beginner book I have found on investing. I've read it 3 times and recommended it many more. I wish I got some kind of commission for every time I've recommended it. haha I've had good success with investing in individual companies, but the investments are hard to find and can be time consuming.
Too many people will recommend The Intelligent Investor, Security Analysis, and/or A Random Walk Down Wall Street. Skip them for now and read the book I recommended. Then, if you want, The Intelligent Investor with commentary by Jason Zweig is pretty good, but you really only need to start with Chapters 8 and 20, which are based on Mr. Market (Ch. 8) and the Margin of Safety (Ch. 20). The books were written so many years ago that it's hard to relate it back to today's companies and earnings. You can probably find a free pdf online if you just want to read those two chapters.
There are a bazillion books out there. Don't waste your time reading too many thinking you're going to have your "a ha" moment. I have an overflowing bookshelf full of investing books and I still haven't found the one "a ha" moment I was looking for. The best lessons came from doing and investing. If you invest in the right companies, you can make a lot of money.