4 ms·
You've received some excellent answers here. I won't reinvent the wheel, but I will add one small detail. If you're interested in learning about the stock mark
by hluska 11y ago
You've received some excellent answers here. I won't reinvent the wheel, but I will add one small detail.
If you're interested in learning about the stock market, it's also helpful to get a good primer on financial accounting. You don't have to be good enough to actually do a public company's financial statements, but it's helpful to have enough of an understanding that you can look at a company's quarterly report, compare it to past periods and get a good sense of how things are going.
I can't think of an accounting primer that is good for this, but I studied accounting in University so I may be biased. So, if I were you, I'd:
- pick five or six public companies you are interested in.
- read their annual reports.
- Google terms you don't understand.
- vibrio 11y agoi came here to say this. i'd recommend getting a used accounting book and/or Schaum's guide to have on a shelf as one reviews financials. Also, when i narrow the field down to a small group of companies to evaluate and pick from, I often buy a few (sometimes very few, 5-10) shares. The habit originates from the old days when the positions would get the hard copies of the Filings (k's and q's) sent to me-- but that was the 1990's. Now I find that it keeps me committed and focused into looking at the companies so i can either dump the shares or expand the position.