Australian (ASX) Stock Market Forum

Good book for beginner?

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Hi, I just graduated uni and now I have a half decent paying engineering job.

I know nothing about stocks etc. I am about half way through the book "Rich dad, poor dad" but it does not give any guidelines to what is a good investment.

I was thinking about buying one of "The dummies guide to Investing" or similar.

I am interested in stocks or any other type of investment that would apply.

I am looking to spend around $1000/month.

Thanks.
 
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Hi, I just graduated uni and now I have a half decent paying engineering job.

I know nothing about stocks etc. I am about half way through the book "Rich dad, poor dad" but it does not give any guidelines to what is a good investment.

I was thinking about buying one of "The dummies guide to Investing" or similar.

I am interested in stocks or any other type of investment that would apply.

I am looking to spend around $1000/month.

Thanks.
Forget about those books you've just mentioned, have a read of this to start with. http://www.moneybags.com.au/default.asp?d=0&t=1&id=3712&c=0&a=74
 

ojm

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I'd recommend buying Adaptive Analysis by Nick Radge. Very well spent $30.

Trading for a Living by Alexander Elder.

Trade your way to Finacial Freedom by Van Tharp.

Maybe Technical Analysis of the Financial Markets John Murphy.
 
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I'd recommend buying Adaptive Analysis by Nick Radge. Very well spent $30.

Trading for a Living by Alexander Elder.

Trade your way to Finacial Freedom by Van Tharp.

Maybe Technical Analysis of the Financial Markets John Murphy.
qft
 
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I'd recommend buying Adaptive Analysis by Nick Radge. Very well spent $30.

Trading for a Living by Alexander Elder.

Trade your way to Finacial Freedom by Van Tharp.

Maybe Technical Analysis of the Financial Markets John Murphy.
Good choices mate.

claim em off your tax.

I did.

gg
 
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I am a total beginner, what things other than stocks could I buy?

Maybe something that starts right at the foundation would be good.

and no, I meant i want to spend 1k/month on investments.
 
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I am a total beginner, what things other than stocks could I buy?

Maybe something that starts right at the foundation would be good.

and no, I meant i want to spend 1k/month on investments.
a pencil and paper my friend and stick that 1k a month in a bank account until you can start making profitable trades on paper . this will only work if one is honest with oneself.

good luck

one of these other guys here may know of free demo accounts for stocks you may be able to do some training on also .

www.asx.com.au always a good place to start for the learning process
 
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The best book for you to start with would be, in my opinion, "Secrets for Profiting in Bull and Bear Markets" by Stan Weinstein.
 

ojm

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Nope. :vomit:
And I'm not too keen on Murphy either.
I found Murphy good to start off with.

The Elder book to get more ideas on money management.

Wish I read more about money management when I started off.
 
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Thanks for the help so far.

But i'm a little confused, are you talking about short term trading? (a few days?) or long term? (buying shares to recive dividends etc)

As I said I'm totaly new to all this...and hence need a book that starts right from the start.
 

Timmy

white swans need love too
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Thanks for the help so far.

But i'm a little confused, are you talking about short term trading? (a few days?) or long term? (buying shares to recive dividends etc)

As I said I'm totaly new to all this...and hence need a book that starts right from the start.
lliw - spend some time cruising around the forum here, it will give you a feel for the various approaches people have. Check out the Beginners forum for recommendations to books etc., but also check out the Trading/Investing Resources and the Trading Strategies/Systems forums. The ASX website is going to be useful to have a look around too.

Individual stock threads will also give you a feel for how some people go about their analysis and make their decisions. There is actually plenty to go on at ASF before you bother buying any books, if you like.
 
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Thanks for the help so far.

But i'm a little confused, are you talking about short term trading? (a few days?) or long term? (buying shares to recive dividends etc)

As I said I'm totaly new to all this...and hence need a book that starts right from the start.
The book I recommended above, "Secrets for Profiting in Bull and Bear Markets" by Stan Weinstein is a very easy read without being too technical - ideal for a beginner, IMO. And it has a quiz at the end of every chapter to test if you've understood what you read. This book tends to discuss medium-term trading (ie. holding periods of weeks to months). There are many other good books available too, but this would be a good one to start with I think.
 
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The Art Of War

Sun Tzu
lol, with trading I feel like I am a flee riding on a dog, if the dog gets sick, a wash or a flee treatment, I jump off.

Not sure I need to apply much more deep philosophy than that.
 
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