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For a person that knows nothing about stocks, where would they start to get information?

Karen C asked:

I have a little extra money and thought I might make some small investments in stocks…hoping I can buy low right now. Can you suggest any reading material..ie magazine, online articles etc. that could give me some help. Something for the real novice please. Thanks

This entry was posted on Wednesday, November 12th, 2008 at 1:42 pm and is filed under Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “For a person that knows nothing about stocks, where would they start to get information?”

  1. Consider starting at your local library (free).

    Recommended reading list:

    1. The Entrepreneurial Investor—the art, science, and business of value investing
    2. Fire Your Stock Analyst—analyzing stocks on your own
    3. Keys to Reading an Annual Report—Barron’s
    4. Investment Clubs for Dummies—a reference for the rest of us
    5. Neatest little guide to stock market investing—how the market works, advise from experts, keeping a cool head
    6. Screening the Market—a four-step method to find, analyze, buy, and sell stocks
    7. Stikky Stock Charts—learn the 8 major chart patterns used by professionals and how to interpret them to trade smart, in one hour, guaranteed

  2. stock for dummies is a good start.

  3. I was in your same position a few weeks ago and this is what I did. I opened a sharebuilder account (you could try any online site, I just used this one because it was easiest for me) and just started investing. I have made some mistakes but I am learning as I go and not using huge amounts of money. Put a little money in at a time (Iook up dollar cost averaging) and do a lot of research on where you are putting your money. I think for some of the money it can be okay to follow your instincts but that can make for a bigger risk. The other thing I highly recommend is the million dollar challeng on cnbc.com You can invest in the market with money that is not yours and learn that way and also compete for prizes. I believe if you search the web there may also be other sites that would help you practice this way also. These are just my suggestions as I have found it most helpful to learn by doing
    Best of luck, I agree it seems like a good time to invest now, for those of us who have been able to save up some money.

  4. Go to which is Investor’s Business Daily online.

    At their homepage locate the “How To Invest” section on the left side of the screen.
    Click on “Investor’s Corner”.
    Once that screen comes up click on “View Archive”.
    The archive contains lots of informative articles that will help you understand the stock market, trading stocks, etc.

    Some good books on the subject:
    1) How To Buy Stocks by Louis Engel and Henry R. Hecht.
    ISBN: 0-316-35380-9
    2) Straight Talk About Stock Investing by John Slatter.
    ISBN: 0-07-058142-8

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