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General Interest > Money Matters
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Reading for a new investor
    #7912742 -

What are the basics? What should a young ne'r-do-well like myself start researching in terms of stocks? I'd like to find a way to profit off of a small investment of around 1000 dollars, and profit in such a way that I can continue to build my portfolio


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Re: Reading for a new investor [Re: Gastronomicus]
    #7913067 -

read the book, a random walk down wallstreet

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Re: Reading for a new investor [Re: art]
    #7914420 -

I'd start with Poor Charlie's Almanack. It's pricey but the proceeds go to a good cause. I hear you might be able to find it used on Amazon.com.

You can read them here for free but back in the old days, I here some people bought 1 share of stock just to be able to read these: http://www.berkshirehathaway.com/letters/letters.html


If you don't understand some of the terms used try using investopedia.com or even wikipedia. The more you learn, the clearer things get. Although i've still got a lot to learn.

Check with your broker, but according to Charles Schwab, Fairholme Funds, Weitz Funds, Oakmark Funds and others I like require at least a $2500 initial investment. While you could buy a stock with $1000 with $10 commissions per trade, that's 2% just to break even not counting the Bid-Ask spread.

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Re: Reading for a new investor [Re: Gastronomicus]
    #7914960 -

there was this motley fool's investor's guide I liked that broke down the basics of valuing a company. there was a book I think it was called options trading that broke down the basics of options and showed how to analyze stock price movement. another I liked was called I think Swing Trading. I just grabbed random stuff at the library.

You will probably need more money than a thousand. I think $3000 should be the minimum. the only investing you could really do is finding great companies and finding a great time to invest in them with out shifting positions too much. Even than diversifying would be difficult and transaction fees would hurt if you try to trade too much.

Edited by special_k (01/22/08 04:47 PM)

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