Investment Education
Investment Education and Ideas to help the common investor.
Here are some basic tips to help get you started:
1. Read financial blogs, websites, and newspapers daily to expand your investment intelligence and stay financially savvy. A list of websites, books, and investment resources are provided below for a place to start, and of course follow dynamic worth for more investment ideas.
2. Start a watchlist on finance.yahoo to watch the overall market and follow your favorite stocks. Make a fake portfolio on investopedia.com to see how your investment choices stack up without using your real money.
3. Learn how investment choices change the taxes you pay.
4. Study Mutual Funds and ETF’s (exchange traded funds) and learn how to invest in them and/or use these investment vehicles to follow market sectors.
5. Research/Read as many Economic factor books/articles/blogs you can stand to read. Although this is not the most popular topic, a basic understanding of how economic factors move the market provides a crucial understanding to why your stocks fluctuate with world news.
6. Use a basic Google search to find more investment research ideas and answers to basic investing questions. This resource can save time and money.
7. Listen to Audio Books. If you have a commute, drive a lot, or have a cd drive on your computer then using audio books can save time and help explain some of the topics that you may find “boring.”
8. Use the public library. The library is free and has a multitude of resources at your disposal such as: internet usage, newspapers, magazines, books, and online resources (specifically search to see if Value Line is offered).
9. Even if you get professional help from someone like a Financial Planner you should still learn the basics of investing to gain better insight to the ideas being presented.
The Resources
Newspapers:
Investors Business Daily - use for technical analysis of stocks that are leading the market. Also the paper gives an overview of the general market and insight to determining when a market decline is upon us. William O’Neil (founder of investors) uses the CAN SLIM method to stock investing and provides all the pertinent information to use this method on their eIBD site and through this newspaper.
The Wall Street Journal - has great articles about the economy, and investing knowledge. Provides international coverage that will effect foreign markets.
Barrons - excellent articles discussing stock ideas to look in to and avoid. Provides information on the economic reports that are published during the month giving insight into possible shifts to investor sentiment.
Magazines:
Forbes
Fortune
The Economist
Money
Independent Investment Research:
Value Line Investment Survey
S & P
Books:
High Power Investing all-in-one guide by multiple authors -presents a wealth of knowledge for beginning investors which will lead investors to many other resources.
Valuation Ratios for Investment Analysis by Peter J. Sander - a great book on how to value companies using ratios.
The Soros Lecutures by George Soros - this small collection of lectures gives investors the insight into Soros idea that thinking distorts reality and its effects on investing.
Stocks for the long run by Jeremy Siegel – a wonderful book that explains how stocks are by far the best investment for the “long run.” He states the effects of economic factors plus explains how to use stocks as hedges against inflation.
Learn to Earn by Peter Lynch – provides beginners and younger people with a great way to learn about investing.
One Up on Wall Street by Peter Lynch – this book explains Peter Lynch’s take on self directed investing.
Beating the Street by Peter Lynch – this book shows the process that Lynch used to pick stocks while he headed the prestigious Magellan Fund.
The Intelligent Investor by Benjamin Graham – Benjamin Graham is considered the father of “value investing”, and this book is a must read. Ben Graham was also the teacher of Warren Buffett.
Common Stocks and Uncommon Profits by Philip Fisher – even though it was written in the 1950’s, Common Stocks lessons on how to evaluate a business still hold true to this day.
A Random Walk Down Wall Street by Burton G. Malkiel - a book that explains Burton’s investment strategies and exploits some of the errors in fundamental and technical analysis.
How to make money in Stocks by William J. O’Neil – a book that explains the complex art of technical chart reading, and how to use Investors Business Daily effectively to invest in stocks and mutual funds. O’Neils unique approach to buying stocks that have gone up and plan to go up is one that can be greatly rewarding if followed properly.
Websites:
Www.investors.com - supplemental fundamental analysis, and great “Big Picture” information.
www.sec.gov - great resource for learning investing, rules and regulations, and getting any company’s 10-Q or 10-K report through EDGAR on the SEC.gov.
www.investopedia.com/ - lots of useful information, plus many free practice study test if you are planning on taking a Financial Exam.
www.ycharts.com/ - good technical charts, has a great newsletter for investing ideas with nice insight into the markets.
www.wsj.com/ - a go to resource for market analysis and big picture ideas.
www.businessweek.com/ - a bloomberg resource, this site has wonderful international news and great articles.
www.finance.yahoo.com/ - this site is wonderful for an overall analysis of a stock. It has wonderful fundamental/technical analysis of just about any stock.
Online Brokers:
There are many options out there for discount online brokerages. Below are a list of some of the more common brokerages online. Please do research on each one before committing to it. Look at the hidden fees, for example: transfer fees, mutual fund fees, ETF fees, yearly maintenance fees, etc. With all the options available today, no investor should settle for any fee(s) or lack of options that they would want or not want.
Fidelity, TDAmeritrade, E*Trade, Vanguard, Sharebuilder, TradeStaion Securities, Charles Schwab, Options Xpress, TradeMONSTER, Scottrade, Trade King, ThinkorSwim, Firstrade, MB Trading, ChoiceTrade, Merrill Edge, Zecco, Just2Trade, Interactive Brokers, Muriel Siebert, USAA
Please email us at Questions@DynamicWorth.com with additional resources and information that you may find helpful to other investors. Thanks for Reading!
Here are all the websites that have been quoted or used on Dynamic Worth:
