Best ways you have learned about investing?

Discussion in 'Stock Market Education' started by PTrader, Jul 14, 2014.

  1. PTrader

    PTrader Member

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    I'm pretty new to the stock market, and really overwhelmed by the amount of information and conflicting ideas about investing. How did you get started learning about stocks and investments?

    My mother in law is in a stock club where they meet monthly to discuss their investments, is something like this a good way to get started? Where would I even go about finding such a group in my town? Are there other resources I should check first before I spend too much? I am really excited to start buying stocks with some of the money I saved in the past year, but I don't want to jump in before I know what I'm doing.
     
  2. turt

    turt Guest

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    Well, I think you should research industries and the companies within them. First you have to decide which type of investment you want to do. Short term or Long term. I do short term since it's really hard to predict the future of most companies now.

    Another good resource is Yahoo's Finance Message Boards. They have specific boards for each company which people post both positive and negative aspects of the company's future.
     
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  3. Colebra

    Colebra Well-Known Member

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    How much time between a buy and a sell for you on average?
    Don't you think that for a beginner, or someone low on bankroll, short term is just too expensive?

    Thanks for your time!
     
  4. Strykstar

    Strykstar Well-Known Member

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    A stock club sounds like a great idea, I'll have to check if there are any going around my area as this is honestly the first time I've heard of this.
    I learned the concepts of the stock market playing an online game so I guess that's how I learned about it...
     
  5. firelily99

    firelily99 Well-Known Member

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    Yes, a stock club is an excellent idea, I have heard of them but never considered joining one. I know that there are plenty of them in the area so its a buyers market.
     
  6. skynel_27

    skynel_27 Member

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    One thing I learned about investing is not to put all eggs in one basket. I couldn't afford to lose everything so I had to read more and learn more so as not to lose it all. They kept telling me to diversify my investments so if one fails then i still have other investments. Isn't that the best way to go with the investment world? :)
     
  7. pumbata

    pumbata Guest

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    My uncle is an investment banker and my other uncle is a financial analyst, so I spent a lot of time talking to them about investments and I found out a couple of important tips if you want to learn about investing, especially in the stock market.

    1) The stock market is a representation of the real world. There are reasons for the price of stock or commodities, and these reasons are brought about by changes and events that happen in the real world. Ex: Price of rice goes up if there is a long drought in Asia. Stay up to date on the happenings not only in your country but across the globe, you can use this knowledge to your advantage to predict what might happen to certain investment sectors or commodities.

    2) Investments are generally meant to be long term holdings; unless you're playing with millions and billions of dollars and buying thousands of shares of stocks you won't make much money in a week if the price rises 3 cents.

    3) Diversify. Even Chicken farmers don't just sell eggs.
     
  8. karmaskeeper

    karmaskeeper Member

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    I'm so new to the investment and stock market world. Thanks so much for the post about keeping up with world events. I'm learning so much here it doesn't seem as complicated. When I have people here explaining it all in plain english.
     
  9. crimsonghost747

    crimsonghost747 Senior Investor

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    Many ways to learn. Obviously you've already found one since you are here! Many people also recommend reading books to learn the basics.
    However, the only way to really learn is to do it! Nothing will beat experience, but be prepared to pay a bit for your education. :p

    So read as much as you can and talk to other people (just keep in mind, most people will give you bad advice!) and then start doing it. And start slow and steady, you can increase risk when you know what you are doing.
     
  10. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Learning by doing is always the best teacher. Best to be cautious at first so that it's not an overly expensive lession. :D
     

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