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Freeper Help Wanted: How do I learn how to invest my money? [Vanity]
Today | me

Posted on 08/12/2009 1:15:30 AM PDT by Slings and Arrows

I would very much like to learn how to invest my money in an informed manner - stocks, bonds, commodities, money markets, etc. The problem is that I don't know where to start.

Can any Freepers please recommend any books, websites, etc., that could help me get started? Assume that I'm starting from zero (not Zer0): I need to learn the language, the definitions, the data investors use in picking their investments, everything. I'm not looking to get rich overnight (although I wouldn't object); what I'm looking for is how to create a stable, long-term personal investment strategy.

Any help is appreciated.


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: napl
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Thanks in advance,
Slings and Arrows
1 posted on 08/12/2009 1:15:30 AM PDT by Slings and Arrows
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To: Slings and Arrows; MeekOneGOP; Conspiracy Guy; DocRock; King Prout; Darksheare; OSHA; ...

Any advice is appreciated.

[Bracing myself for the jokes about 419 scams...]


2 posted on 08/12/2009 1:17:44 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: Slings and Arrows

Nigerian princes.


3 posted on 08/12/2009 1:22:05 AM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: Slings and Arrows
I would very much like to HAVE money to invest!

Heck, I want/DESPARATELY need a job working on the ‘puter from home!

Seriously.......best of luck with your venture here. Hope you do well!

4 posted on 08/12/2009 1:23:29 AM PDT by Bradís Gramma (BG x 2 (and a heartbeat was heard today....))
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To: pissant

http://www.irregularwebcomic.net/72.html


5 posted on 08/12/2009 1:30:54 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: Brad's Gramma

Thanks! It’s not so much a venture as long-term retirement planning.


6 posted on 08/12/2009 1:32:12 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: Slings and Arrows
Stansberry Research are who I use. Their investment guides are (of course) subscription products, but if you want to dip into their house style you could do worse than look at the public archives of their 'Digest'. They don't release Digest articles to the archive for months, but that's why they're free.

They put out a dizzying list of Premium products (links on left hand side): once you sign up for one of these you would get the Digest as well. Getting a premium product is the way to go: you get solid advice and background on the stocks to buy. And more importantly - advice on when to sell!

Some products have a high price tag (note: I don't say expensive - you tend to get what you pay for with Stansberry), others are cheaper. You can find out more about the products from the links.

Also check out the 'Daily Crux' links on the RHS of the page. FReepers post articles from the Crux pretty often.

Hope this is helpful.

7 posted on 08/12/2009 1:36:10 AM PDT by agere_contra
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To: Slings and Arrows
Read "One Up On Wall Street" by Peter Lynch. It's a bit dated but has some timeless principles from the best.

Read "Money of the Mind" by James Grant -- anything by Grant will be an education, a delight to read, and a reality check on the big picture.

Do your own research. If you can't make sense out of it, it's not for you.

8 posted on 08/12/2009 1:36:41 AM PDT by the invisib1e hand
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To: Slings and Arrows
Read A Random Walk Down Wall Street and Welcome to My Trading Room is the best advice I can give.
9 posted on 08/12/2009 1:38:18 AM PDT by sf4dubya (I rebelled against my parents by becoming a conservative)
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To: agere_contra

Mucho appreciation - I’ll check them out.


10 posted on 08/12/2009 1:38:22 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: Slings and Arrows

If I had any money, I would probably invest in gold, or maybe better, Silver.

An acquaintance of mine here, an Aussie, is part owner of
a gold mine in west Australia.
It has been inactive for past few years, but now coming
back online, as soon as the refiners can get back in gear.

A respected gold newsletter that he gets, says that Gold could go as high as $6000. If that is AU dollars, it would
be 5000 US.


11 posted on 08/12/2009 1:38:23 AM PDT by AlexW (Now in the Philippines . Happy not to be back in the USA for now.)
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To: Slings and Arrows

Water~Ammo~Food/ETC.~ in that order...;0)


12 posted on 08/12/2009 1:41:07 AM PDT by 1COUNTER-MORTER-68 (THROWING ANOTHER BULLET-RIDDLED TV IN THE PILE OUT BACK~~~~~)
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To: Slings and Arrows

Water~Ammo~Food/ETC.~ in that order...;0)


13 posted on 08/12/2009 1:41:15 AM PDT by 1COUNTER-MORTER-68 (THROWING ANOTHER BULLET-RIDDLED TV IN THE PILE OUT BACK~~~~~)
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To: the invisib1e hand

Doing my own research is my plan - I just need to know what to research first. Advice appreciated.


14 posted on 08/12/2009 1:42:07 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: AlexW

Annuities are the best bet.

Safety
Guaranteed Growth
Tax Deferral

I am an insurance agent if you would like further info, send me an email or private message. I don’t think I can post my website on here.

TheArizona


15 posted on 08/12/2009 1:42:28 AM PDT by TheArizona
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To: sf4dubya

Gotcha - thanks!


16 posted on 08/12/2009 1:43:11 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: AlexW

Precious metals are a possibility, certainly. Thank you!


17 posted on 08/12/2009 1:44:42 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: Slings and Arrows

There really is a good book called “investing for dummies” or investments for dummies. It’s like Investment 101, and a good source for terminology.


18 posted on 08/12/2009 1:46:33 AM PDT by Freedom2specul8 (I am Jim Thompson............................Please pray for our troops....)
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To: ~Kim4VRWC's~

That may be the sort of thing I’m looking for. More than anything else, I need to learn the culture and the language. My appreciation.


19 posted on 08/12/2009 1:55:41 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: Slings and Arrows

learn to follow your judgment. that’s what doing your own research amounts to - discerning and following valid hunches.


20 posted on 08/12/2009 1:57:47 AM PDT by the invisib1e hand
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To: Slings and Arrows

learn to follow your judgment. that’s what doing your own research amounts to - discerning and following valid hunches.


21 posted on 08/12/2009 1:57:54 AM PDT by the invisib1e hand
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To: Slings and Arrows

I have a nice bridge you can buy which will teach you a lesson you’ll never forget.


22 posted on 08/12/2009 2:00:34 AM PDT by lowbridge (It's not that liberals are ignorant, it's that they know so much that isn't so - Ronald Reagan)
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To: the invisib1e hand

As a scientist, I absolutely agree. I’m trying to get enough knowledge to inform my hunches.


23 posted on 08/12/2009 2:01:19 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: Slings and Arrows

Don’t bother. Obama already has a plan for investing your money.


24 posted on 08/12/2009 2:01:28 AM PDT by PressurePoint (See you in the unemployment line, Barack)
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To: lowbridge

:^P


25 posted on 08/12/2009 2:02:43 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: Slings and Arrows
More than anything else, I need to learn the culture and the language.

I thought you nailed it here.

26 posted on 08/12/2009 2:04:05 AM PDT by the invisib1e hand
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To: Slings and Arrows

Check out http://thinkorswim.com

They have one of the best trading platforms available and lots of free information and videos on stock/option trading. They also have more formal classes available that won’t set you back an arm and a leg. You can set up a papertrading account for free to get practice and experience before you use real fiat papermoney.

http://smartflix.com has some investment videos.


27 posted on 08/12/2009 2:04:21 AM PDT by fretzer
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To: Slings and Arrows
There are many good books out there and the newest is not necessarily the best. Much of your actual investing should depend upon your age and your income. But some general rules are:

Invest as much as you can through an IRA account or the like.

Your age expressed as a percent should be the proportion of investments in fixed income vehicles and 100 minus your age should be the percentage invested in stocks. The mix should be rebalanced on an annual basis.

All of you investments should be diversified among industries and even among countries.

Be wary of some age old strategies which were grounded on conditions which have significantly changed. For example the "true and tested" buy-and-hold strategy was based on much higher tax rates and much higher stock broker commissions. IRA accounts totally eliminate tax considerations and can be established at discount brokers. An example of people still suffering from the buy-and-hold strategy is the Japanese Nikkei Index which hit a high well above 36000 in the late 1980's and is presently lingering about 10000. Thus, be flexible.

One risk you will rarely hear explicitly mentioned is the risk of withdrawal. If a large portion of your investment is trading at a loss and you have to make a withdrawal to meet an emergency or mandated by law, you will be diminishng your investment base by a much higher percentage. Thus, the need to remain flexible.

28 posted on 08/12/2009 2:04:26 AM PDT by monocle
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To: lowbridge
I have a nice bridge you can buy which will teach you a lesson you’ll never forget.

lol. yeah, investing 101.

29 posted on 08/12/2009 2:07:01 AM PDT by the invisib1e hand
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To: Slings and Arrows; All; Admin Moderator
Don't mean to hijack your thread, but I've been seeing this a lot lately:
Service Temporarily Unavailable The server is temporarily unable to service your request due to maintenance downtime or capacity problems. Please try again later.

Is this routine, or is FR under some kind of attack?

30 posted on 08/12/2009 2:08:46 AM PDT by the invisib1e hand
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To: Slings and Arrows

Here is a link http://www.investopedia.com
If you goggle or yahoo investopedia it will come up with a list of tutorials, also msn.com and click on money tab has some tutorials on investing 101.
Good luck


31 posted on 08/12/2009 2:09:07 AM PDT by buggy02 (Never take life seriously, nobody gets out alive anyway.)
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To: Slings and Arrows
The general way to learn is by doing, then regretting having done it to the point of vowing never making THAT mistake again; then trying something else, until you eventually find something that works for you.

IF you take a class or seminar, you'll get advice that used to work, until everyone else found out about it, and then started selling/teaching the book/method to all the other people in the seats around you.

If you go to a banker, you'll be advised to invest in whatever is most profitable to the bank. Asking a property investor will get you offered “bargains” on the “investment properties” he's losing money on, or otherwise can't unload. A stock broker will....

SO, bottom line, I would recommend that you invest in hard assets; the larger the caliber, the better.

32 posted on 08/12/2009 2:10:09 AM PDT by ApplegateRanch (The mob got President Barabbas; America got shafted)
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To: the invisib1e hand

Much obliged. I was thinking about my experiences as a computer scientist.


33 posted on 08/12/2009 2:10:21 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: the invisib1e hand

I suspect it’s just the server having hiccups. I’m sure JohnRob will fix it when he wakes up.


34 posted on 08/12/2009 2:12:04 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: Lazamataz

I thought you maybe able to offer some advice


35 posted on 08/12/2009 2:12:27 AM PDT by deport
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To: fretzer; monocle; buggy02

These ideas are what I am looking for. Thank you all.


36 posted on 08/12/2009 2:13:27 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: fretzer
You can set up a papertrading account for free to get practice and experience before you use real fiat papermoney.

Indeed, it seems "papertrading" might be redundant.

37 posted on 08/12/2009 2:15:13 AM PDT by the invisib1e hand
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To: Slings and Arrows

Care to invest in a Tokyo hot-dog stand? ;-)


38 posted on 08/12/2009 2:15:42 AM PDT by Ronin (Nemo me impune lacesset)
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To: Ronin

Will I have to wok the dog?


39 posted on 08/12/2009 2:16:57 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: Slings and Arrows

Er... no, that’s Korea.

Japanese doggies are pampered little dears that even have their own restaurants.


40 posted on 08/12/2009 2:20:26 AM PDT by Ronin (Nemo me impune lacesset)
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To: Ronin

Yeah, I know. I just can’t resist a silly joke.


41 posted on 08/12/2009 2:21:22 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: Slings and Arrows

Once you get the terminology down and understand how to execute the mechanics of basic trades you’ll have to deal with the most difficult component. Yourself.

There are several good books which delve into the psychological aspects of trading. One is “Reminiscences of a Stock Operator” by Edwin Lefevre. It’s considered by many to be the bible of trading. It reads more like a novel than some dry trading book.

Another great book is “The Disciplined Trader” by Mark Douglas.

Both books explore how a trader’s worst enemy is himself and discuss the importance of a plan, stops and rules.

They should be available through Amazon. Good Luck!


42 posted on 08/12/2009 2:26:47 AM PDT by fretzer
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To: the invisib1e hand

“I’ve been seeing this a lot lately”

I’ve seen it too, from multiple ISPs. I’m also getting occasional server timeouts.


43 posted on 08/12/2009 2:29:52 AM PDT by fretzer
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To: Slings and Arrows

“Much obliged. I was thinking about my experiences as a computer scientist.”

Uhoh - make sure you read those two books about trading psychology because if you are anything like me, you analyze the hell out of everything and that can lead to trouble in trading. Don’t ask how I know that :)


44 posted on 08/12/2009 2:35:32 AM PDT by fretzer
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To: fretzer
Now that is an intriguing warning. (I plead guilty to Overanalyzing in the 1st Degree.)
45 posted on 08/12/2009 2:41:58 AM PDT by Slings and Arrows (Crazy is the new sane.)
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To: Slings and Arrows

PM sent.


46 posted on 08/12/2009 2:45:14 AM PDT by fretzer
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To: Slings and Arrows
Read How to Make Money in Stocks by William O'Niell.
47 posted on 08/12/2009 2:49:25 AM PDT by oblomov (Every election is a sort of advance auction sale of stolen goods. - Mencken)
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To: Slings and Arrows
Overanalyzing

Nothing wrong with that. The hard part in investing is admitting your analysis was wrong and redoing it. It's far too easy to cling to a failed theory instead. On the flip side, it is important to cultivate your own theories and not rely on people with axes to grind. I have made plenty of mistakes following people with an emotional like or dislike for this or that. The best advice will come from someone who is completely unemotional about the situation.

48 posted on 08/12/2009 3:01:12 AM PDT by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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To: Slings and Arrows
Howz 'bout you 'n me goin' to the casino?


49 posted on 08/12/2009 3:10:53 AM PDT by Daffynition ("...... we are about to be czarred and fettered." ~ alterum ictum faciam.)
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To: Slings and Arrows
Howz 'bout you 'n me goin' to the casino?


50 posted on 08/12/2009 3:10:59 AM PDT by Daffynition ("...... we are about to be czarred and fettered." ~ alterum ictum faciam.)
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