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> I did a search and found out that everybody is recommending "The Intelligent Investor" by Benjamin Graham. This book is too advanced for beginner level. As
by akg_67 11y ago
> I did a search and found out that everybody is recommending "The Intelligent Investor" by Benjamin Graham.
This book is too advanced for beginner level. As a beginner, you most probably will not like this book and reading it might turn you off investing and stock market (too complex).
The type of books you want are the ones that cover basics and are easy to read. Instead of considering books recommended by others, I will suggest going to a physical book store (library is another option), pick up any investing book on the shelf, read for 15-20 minutes. If you like what you are reading or book fascinates you and you want to continue reading the book, buy (check out) the book and take it home.
If you are a visual learner, I heard Khan Academy videos are good. Also, consider reading biographies of famous investors and financiers and other story-telling type of investing related books. As I am not visual learner, I can't make any specific recommendations.
If you prefer numbers, I will suggest reading "Millionaire Next Door", "A Random Walk Down Wall Street", and "What Works on Wall Street". The first one is not per se investing book but more of an "encouragement" book that will help you continue learning about saving and investing.
> What's your story?
I learnt stock market as "substitute" for gambling. When I first started out working professionally, some newbies (like me) at work will go out to casinos or have booze and gambling Thursday nights (alternate Friday off from work). A few of these people were hardcore gamblers: studying and learning tips and tricks of blackjack, poker etc. Monday lunch at work cafeteria used to be "whining" session, how we lost so much money and odds are against us, etc.
During one such whining session, an older member at work mentioned that on his Friday off, he goes to library to read Wall Street Journal, Value Line to research stocks and check value of his stocks like checking lottery numbers in newspaper (pre-Internet days). He got his "gambling" adrenaline through stock market and how odds of winning are much better than going to casino. This was the start of my interest in stock market and learning more about trading and investing and saving. I went to library on my Friday off to read and check out any investing and trading book on the shelf. I most probably read 30+ different books in a few months period at the start. Investing and trading is the only hobby that has kept me interested over the years.