Timeline for Book or web site resources for an absolute beginner to learn about stocks and investing? [closed]
Current License: CC BY-SA 3.0
22 events
| when toggle format | what | by | license | comment | |
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| Dec 27, 2018 at 17:06 | comment | added | Harper - Reinstate Monica | @YOMorales because picking stocks is a loser's game. Sure, you'll make money in an "up" market, if you picked stocks at random you'd make money. But you don't pick randomly, you put a lot of time and research into it, or pay someone who does (load/expense ratio in a fund) and then pay for the trades too. This overhead hurts your profits, i.e. Even a genius can't beat the market average by more than his research/trading costs. The better bet is do the opposite, minimize costs and don't pick stocks at all, buy the whole market, i.e. index fund. Read Bogle. | |
| Apr 3, 2017 at 17:00 | history | closed | Ganesh Sittampalam♦ | Not suitable for this site | |
| Aug 14, 2016 at 3:07 | review | Close votes | |||
| Aug 15, 2016 at 3:10 | |||||
| Aug 10, 2016 at 0:25 | review | Close votes | |||
| Aug 10, 2016 at 1:45 | |||||
| Aug 9, 2016 at 22:14 | answer | added | Five Bagger | timeline score: 0 | |
| Nov 23, 2015 at 20:24 | review | Close votes | |||
| Nov 23, 2015 at 21:40 | |||||
| Mar 27, 2015 at 14:17 | history | protected | Chris W. Rea | ||
| Aug 20, 2013 at 19:40 | history | edited | Chris W. Rea | CC BY-SA 3.0 |
Focused the question. Removed the "p.s.". Cleaned up some comments, too.
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| Apr 15, 2011 at 21:57 | vote | accept | YOMorales | ||
| Apr 14, 2011 at 12:35 | comment | added | Havoc P | e.g. for most individuals to track returns they have to track net cash flow every month (spending/saving) which is a lot of work all by itself, or can be anyway. | |
| Apr 14, 2011 at 12:31 | comment | added | Havoc P | Just keeping track of your returns properly is a whole section of the CFA stuff and sort of hard. I'd guess most people tend to bucket their winning picks in their mind and overestimate success, plus take too much credit for years that go well vs. those that don't. | |
| Apr 14, 2011 at 12:26 | comment | added | Havoc P | If you're careful about diversification and don't fall in any behavioral traps (big ifs), you would probably stay somewhere close to market returns (maybe think of it as +/- 20% with both equally likely?) So you aren't that likely to completely lose (as long as you avoid day trading). Most likely I'd say is to do a bit worse than a decent fund, which would likely mean a bit worse than 6-7% annual real returns. | |
| Apr 14, 2011 at 2:45 | history | edited | YOMorales | CC BY-SA 3.0 |
Clarifying title.; edited title
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| Apr 14, 2011 at 2:43 | comment | added | YOMorales | You're right Havoc. I should have pointed out that I meant "investing as a stocks-are-a-fun-hobby". However, why do you say "don't expect to make money"? Are expectations like that wrong? Shouldn't I expect some money, even as a side income? | |
| Apr 14, 2011 at 1:16 | answer | added | Havoc P | timeline score: 7 | |
| Apr 14, 2011 at 0:45 | comment | added | Havoc P | Are you interested in investing as in save-for-retirement-and-college type stuff? In that case I'd point to a general basic financial planning book, because all you really have to do is pick an asset allocation, avoid getting ripped off selecting mutual funds to implement it, and set up automatic deposits/rebalance so it's on autopilot. Done. If you're interested instead in investing as a stocks-are-a-fun-hobby, then I'd point to Benjamin Graham and so on. But it really is a hobby, i.e. do it only if you enjoy it, don't expect to make money. | |
| Apr 14, 2011 at 0:36 | answer | added | Daniel | timeline score: 1 | |
| Apr 13, 2011 at 21:59 | answer | added | mpenrow | timeline score: 14 | |
| Apr 13, 2011 at 13:45 | comment | added | Chris W. Rea | Related non-book questions: money.stackexchange.com/questions/1625 and money.stackexchange.com/questions/2825 | |
| Apr 13, 2011 at 8:23 | history | tweeted | twitter.com/#!/StackFinance/status/58082961928630272 | ||
| Apr 13, 2011 at 4:35 | answer | added | MrChrister | timeline score: 0 | |
| Apr 13, 2011 at 4:05 | history | asked | YOMorales | CC BY-SA 3.0 |