Where is the best place to research how to read Financial statements and general trading basics?
Is the Motley Fool any good?
I haven't used either site in a really long time, but from what I remember, Motley Fool is pretty good, check out thestreet.com as well (BoooYa! [puke] not a big fan of Cramer...)
For charting/technical analysis help, check out - www.clearstation.com
Quote from: Jaman on November 25, 2008, 12:03:42 PM
I haven't used either site in a really long time, but from what I remember, Motley Fool is pretty good, check out thestreet.com as well (BoooYa! [puke] not a big fan of Cramer...)
For charting/technical analysis help, check out - www.clearstation.com
LOL, Cramer
I wonder how he feels about his EA, take two rant. [laugh]
buy a college text book on Corporate Finance
Get a book on investing BEFORE you do anything else. Investing in singular stocks is extremely risky. Mutual funds can be a better choice. Be prepared to lose money no matter what. It happens. The Motley Fool is very good for a beginner.
The Motley Fool's beginner's guide:
http://www.fool.com/investing/basics/index.aspx (http://www.fool.com/investing/basics/index.aspx)
Books:
http://www.amazon.com/Investing-Dummies-Second-Eric-Tyson/dp/0764551620/ref=cm_lmf_tit_1 (http://www.amazon.com/Investing-Dummies-Second-Eric-Tyson/dp/0764551620/ref=cm_lmf_tit_1)
http://www.amazon.com/Investing-Dummies-Business-Personal-Finance/dp/0764599038/ref=pd_sim_b_njs_3 (http://www.amazon.com/Investing-Dummies-Business-Personal-Finance/dp/0764599038/ref=pd_sim_b_njs_3)
Links on financial statements:
http://www.sec.gov/investor/pubs/begfinstmtguide.htm (http://www.sec.gov/investor/pubs/begfinstmtguide.htm)
http://www.google.com/search?q=how+to+read+Financial+statements&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a (http://www.google.com/search?q=how+to+read+Financial+statements&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a)
And a good bit of advice - at first invest in companies that you understand. If you buy stock in a company you want to understand what inputs they have (raw materials, labor, etc), what they do (process raw materials, consult clients etc) and the market they sell into (competitors, substitutions, market threats, etc). If you understand a company it's easier to understand where they are heading. The more you get into it better you be able to analyze the inputs, process and outputs of a company you can venture out into other industries.
Quote from: Mad Duc on November 25, 2008, 03:34:14 PM
Get a book on investing BEFORE you do anything else. Investing in singular stocks is extremely risky. Mutual funds can be a better choice. Be prepared to lose money no matter what. It happens. The Motley Fool is very good for a beginner.
The Motley Fool's beginner's guide:
http://www.fool.com/investing/basics/index.aspx (http://www.fool.com/investing/basics/index.aspx)
Books:
http://www.amazon.com/Investing-Dummies-Second-Eric-Tyson/dp/0764551620/ref=cm_lmf_tit_1 (http://www.amazon.com/Investing-Dummies-Second-Eric-Tyson/dp/0764551620/ref=cm_lmf_tit_1)
http://www.amazon.com/Investing-Dummies-Business-Personal-Finance/dp/0764599038/ref=pd_sim_b_njs_3 (http://www.amazon.com/Investing-Dummies-Business-Personal-Finance/dp/0764599038/ref=pd_sim_b_njs_3)
Links on financial statements:
http://www.sec.gov/investor/pubs/begfinstmtguide.htm (http://www.sec.gov/investor/pubs/begfinstmtguide.htm)
http://www.google.com/search?q=how+to+read+Financial+statements&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a (http://www.google.com/search?q=how+to+read+Financial+statements&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a)
And a good bit of advice - at first invest in companies that you understand. If you buy stock in a company you want to understand what inputs they have (raw materials, labor, etc), what they do (process raw materials, consult clients etc) and the market they sell into (competitors, substitutions, market threats, etc). If you understand a company it's easier to understand where they are heading. The more you get into it better you be able to analyze the inputs, process and outputs of a company you can venture out into other industries.
Oops.... * eyes previous investments *
[laugh]
thanks [thumbsup]