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Anyone ever read "Analysis of Financial Statements" by Bernstein and Wild??
Posted on 12/26/13 at 5:47 pm
Posted on 12/26/13 at 5:47 pm
Trying to get into stocks and I have no background in business. A lot of people have suggested that this book is a good place to start. Would the money board agree? I've read the first chapter and they lay it out in a really easy to follow format, so I'm hoping it will help.
I guess I'm also wondering if financial statements are that big of a factor in investing?.....feel like this may be pretty obvious, but I am a noob so go easy on me.
I guess I'm also wondering if financial statements are that big of a factor in investing?.....feel like this may be pretty obvious, but I am a noob so go easy on me.
2
Posted on 12/26/13 at 7:00 pm to K9
quote:
guess I'm also wondering if financial statements are that big of a factor in investing?.
Sorry for laughing. Financial statements are vital. It'll tell you the financial position of he company, what they're holding assets/liabilities, what they're spending their money on....
Unless you're investing on techinal charts, then it important to understand financial statements.
This post was edited on 12/26/13 at 7:03 pm
Posted on 12/26/13 at 7:33 pm to southernelite
Even if one does use technical charts, financial statements can provide valuable information.
Posted on 12/26/13 at 7:48 pm to southernelite
quote:
Sorry for laughing.
no need to be sorry...like I said, I'm a total n00b
do you think a book could explain them in total or would it take a while to get the hang of it?
Posted on 12/26/13 at 7:58 pm to southernelite
quote:
Financial statements are vital. It'll tell you the financial position of he company, what they're holding assets/liabilities, what they're spending their money on....
Yes, but only for stocks that aren't already well-followed by analysts to start with. Don't bother trying to study Ford or Citibank, the market price is already better than anything you'll come up with in your spare time.
Some thinly-traded stock out there ... maybe. And even then if you see something ask yourself why the market might be right anyway.
Posted on 12/26/13 at 8:01 pm to K9
Ive never read the book, so I'm not sure, but its going to take a while to the hang. And even then, the more in depth you want to go, the more there will be for you to learn.
The basics, what statement says what, and some key ratios and what they mean probably won't be all too difficult.
When you get into decomposing ratios, interlinking the statements, and the accounting work behind compiling the statements, then you're really talking about a lot of work.
The basics, what statement says what, and some key ratios and what they mean probably won't be all too difficult.
When you get into decomposing ratios, interlinking the statements, and the accounting work behind compiling the statements, then you're really talking about a lot of work.
Posted on 12/26/13 at 8:10 pm to southernelite
quote:
The basics, what statement says what, and some key ratios and what they mean probably won't be all too difficult.
When you get into decomposing ratios, interlinking the statements, and the accounting work behind compiling the statements, then you're really talking about a lot of work.
cool. I'm not trying to get too deep I dont think. I just want to know enough to make smart decisions with my money.
This post was edited on 12/26/13 at 9:49 pm
Posted on 12/26/13 at 9:17 pm to K9
It's always suggested but I think reading "The intelligent investor" by Benjamin graham is the ultimate starting point. Probably should read it twice.
He also has a book called "the interpretation of financial statements" I haven't read it but I am going to read it before I get out of school.
He also has a book called "the interpretation of financial statements" I haven't read it but I am going to read it before I get out of school.
Posted on 12/26/13 at 9:49 pm to RebelExpress38
thanks for the recommendations....i'll check that book out for sure.
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