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Started By
Message
Where can I learn about stocks?
Posted on 1/25/21 at 6:54 pm
Posted on 1/25/21 at 6:54 pm
I'm 20 years old and am interested in trading stocks. I was wondering if you guys could recommend me books, websites, articles, podcasts, etc. where I can get a basic understanding of how this stuff works.
15
Posted on 1/25/21 at 7:04 pm to WatchTheBooz
YouTube has tons of videos that break down every step of the trading apps.
Posted on 1/25/21 at 7:04 pm to WatchTheBooz
The first thing you need to know is to not listen to anything Batman says. Then go to Investopedia.com and start reading.
Posted on 1/25/21 at 7:07 pm to WatchTheBooz
Sign up for some classes. If you are in college, get a finance minor.
Posted on 1/25/21 at 7:07 pm to WatchTheBooz
Do the opposite of whatever Huss says and you will be rich
Posted on 1/25/21 at 7:15 pm to WatchTheBooz
Get an account with a broker (fidelity, merrill lynch) etc.
Utilize the learning modules provided.
Decide if you want to "trade" or "invest".
Make sound decisions.
Utilize the learning modules provided.
Decide if you want to "trade" or "invest".
Make sound decisions.
Posted on 1/25/21 at 7:17 pm to WatchTheBooz
The Intelligent Investor by Benjamin Graham
Posted on 1/25/21 at 7:18 pm to WatchTheBooz
Posted on 1/25/21 at 7:21 pm to WatchTheBooz
TD Ameritrade has lots of youtube videos.
Posted on 1/25/21 at 7:24 pm to WatchTheBooz
Start watching CNBC and Mad Money.
Posted on 1/25/21 at 7:38 pm to WatchTheBooz
You wanna learn about stocks or stonks? Only one of these always goes up.
Posted on 1/25/21 at 7:39 pm to High C
Posted on 1/25/21 at 7:43 pm to jfw3535
quote:
Start watching CNBC and Mad Money.
People will laugh but this is exactly what I did. I used to have a job where I was off several weekdays each week and I would get up and turn on Squack Box on CNBC and watch it all the way through Cramer. At first they might as well have been speaking Japanese but I can’t tell you how much I learned over time just soaking it all in. I’m sure there are much more efficient ways to learn though.
Posted on 1/25/21 at 7:45 pm to WatchTheBooz
There is a pamphlet called “what has worked in investing”. It’s from Tweedy Browne.
LINK
I recommend these books:
1.Dividends Don’t Lie by Lowe and Weiss.
2. One up on Wall Street by Peter Lynch
3. Bulls Make Money, Bears Make Money, Pigs Get Slaughtered by Gallea
LINK
I recommend these books:
1.Dividends Don’t Lie by Lowe and Weiss.
2. One up on Wall Street by Peter Lynch
3. Bulls Make Money, Bears Make Money, Pigs Get Slaughtered by Gallea
This post was edited on 1/25/21 at 7:47 pm
Posted on 1/25/21 at 7:48 pm to WatchTheBooz
I don’t disagree with YouTube videos. I would just be careful who you listen to. It’s pretty easy to tell who’s trying to educate people and who’s trying to make money for themselves but just be aware of that.
I wouldn’t take anybody’s word as gospel. Learn as much as you can and look into things yourself before investing.
I wouldn’t take anybody’s word as gospel. Learn as much as you can and look into things yourself before investing.
Posted on 1/25/21 at 8:00 pm to makersmark1
Btw, this market seems rich since I consider myself a value investor.
I’m boring. I believe that ultimately a stock’s price will reflect the value of the underlying business.
There are successful investors who have a different point of view. Growth, momentum, chartists, and so forth.
I think you just have to look at what philosophy suits your personality.
I know nothing of “Bollinger Bands”, but people who do make money.
Good luck in your learning.
I’m boring. I believe that ultimately a stock’s price will reflect the value of the underlying business.
There are successful investors who have a different point of view. Growth, momentum, chartists, and so forth.
I think you just have to look at what philosophy suits your personality.
I know nothing of “Bollinger Bands”, but people who do make money.
Good luck in your learning.
Posted on 1/25/21 at 8:06 pm to WatchTheBooz
Money Board is a good place.
One good thing to do is find a site that lets you do mock trading with virtual money. Good way to practice.
Since you're young, you should buy and hold. If the stock market sucks for the next 50 years you're screwed anyway.
Some people on here prefer index funds while others invest in individual stocks. There are arguments for both.
If you do individual stocks, research the company in detail.
- Check its liability to asset ratio - you don't want a company that's overleveraged. Higher chance of going bust.
- Pay attention to its historical performance. If it's lower than before, try to figure out why (example - airlines are beat up due to the pandemic).
- I personally stick to dividend stocks because they're putting money back into my portfolio every 3 months, as opposed to buying in hopes that the price keeps going up. Others on here like non dividend stocks such as AMZN and TSLA.
- Diversify. Don't put everything into one company because that company might go bust. Also don't put everything into one industry or interdependent industries.
- Penny stocks are cheap for a reason. There are people on here who are good at identifying ones that move up, but don't throw too much money in that direction.
Stay away from margin trading, options, derivatives, etc. Novices should stick with less complicated investments.
One good thing to do is find a site that lets you do mock trading with virtual money. Good way to practice.
Since you're young, you should buy and hold. If the stock market sucks for the next 50 years you're screwed anyway.
Some people on here prefer index funds while others invest in individual stocks. There are arguments for both.
If you do individual stocks, research the company in detail.
- Check its liability to asset ratio - you don't want a company that's overleveraged. Higher chance of going bust.
- Pay attention to its historical performance. If it's lower than before, try to figure out why (example - airlines are beat up due to the pandemic).
- I personally stick to dividend stocks because they're putting money back into my portfolio every 3 months, as opposed to buying in hopes that the price keeps going up. Others on here like non dividend stocks such as AMZN and TSLA.
- Diversify. Don't put everything into one company because that company might go bust. Also don't put everything into one industry or interdependent industries.
- Penny stocks are cheap for a reason. There are people on here who are good at identifying ones that move up, but don't throw too much money in that direction.
Stay away from margin trading, options, derivatives, etc. Novices should stick with less complicated investments.
Posted on 1/25/21 at 8:13 pm to Weagle25
quote:
I wouldn’t take anybody’s word as gospel. Learn as much as you can and look into things yourself before investing.
Also, even if someone has a great track record, their goals might not match yours.
Last spring Warren Buffett was dumping airline stocks. I was buying. I'm up on all three (DAL, LUV, ALK) by double digits.
Posted on 1/25/21 at 9:17 pm to Bestbank Tiger
Just watch the money board for when ANCIENT TIGER post and put your savings account on whatever stock he recommends.
Posted on 1/25/21 at 10:03 pm to WatchTheBooz
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