Investopedia/David Ruedi: I'm interested in investing but I have little knowledge of markets or any of the associated terminology; what is the best place book or website to start learning how to invest?

Investopedia
Advisor Insights

I'm interested in investing but I have little knowledge of markets or any of the associated terminology; what is the best place book or website to start learning how to invest?
Share

I'm interested in investing but I have little knowledge of markets or any of the associated terminology; what is the best place book or website to start learning how to invest?
Investing
Answers
Sort By:
2 days ago
David Ruedi
Ruedi, David
Champaign, IL
www.ruediwealth.com/
100% of people found this answer helpful

There are numerous sources of information out there, which can make it difficult to know where to begin. For new investors, I usually recommend the following 3 books: “The Investment Answer” by Dan Goldie, “The One Page Financial Plan” by Carl Richards, and “The Behavior Gap” by Carl Richards. Each book focuses on a different component to successfully managing your own finances.

The Investment Answer is a short book focused specifically on investing. You can read it in a few hours and learn everything you need to know to have a successful investment experience.

The One Page Financial Plan is more financial planning oriented. Another relatively short read, it will teach you what you need to know to develop a financial plan that guides your investment portfolio.

As the name suggest, The Behavior Gap is focused on the emotions and behaviors that cause so many investors to sabotage their financial plans and investment portfolios.

Reading these books will provide a very solid foundation that you can continue to expand upon over time.
Was this answer helpful?
Yesterday
Randy C. Norton
Norton, Randy C.
Henderson, NV
www.GreenMesaCapital.com

One of my favorite books is The Snowball: Warren Buffett and the Business of Life. Written by Alice Schroeder, it was intended to be an autobiography, but the insights are investment and life related.

Some of the best original material is reproduced in Tap Dancing to Work: Warren Buffett on Practically Everything by Carol Loomis. Much of what is referenced in value investing lexicon comes from these articles.

For “how-to” methodology, read all you can from Robert Hagstrom. Brilliant mind. Today, there are many websites, but none better than GuruFocus and Old School Value. And each Quarter, Columbia Business School students publish the Graham and Doddsville Newsletter which is Q&A interview reprints of current value investors worldwide.

Lastly, the best source material is the Berkshire Hathaway Annual Shareholder Letter(s) by Warren Buffett. Since 1965, the letters have been released on the last Saturday of February each year (in conjunction with the annual 10k). My analysis of the 2017 Annual Letter can be found here.
Was this answer helpful?
3 days ago
Dan Timotic
Timotic, Dan
Oakbrook Terrace, IL
www.t2assetmgmt.com/Dan-Timotic,-CFA.e673986.htm

There are many books and websites to help you start. You can begin by accessing the education center from the website for the broker you are working with. Charles Schwab has an education section where you can start reading about different topics. You can also access our website, www.T2Assetmgmt.com, where you can find a lot of articles, newsletters, videos, glossary, etc.


Was this answer helpful?
3 days ago
Joe Inskeep
Inskeep, Joe
Round Rock, TX
www.advancedgroup.biz

Good question. I'm glad you are interested in investing and looking to expand your mind with more knowledge. I would start with investopedia.com. When I first started out in the industry I would read as much as I could from here. Great resource with highly intelligent contributors. I would then bounce my ideas off a qualified advisor. Happy reading!
Was this answer helpful?
Investopedia does not provide tax, investment, or financial services. The information available through Investopedia’s Advisor Insights service is provided by third parties and solely for informational purposes on an “as is” basis at user’s sole risk. The information is not meant to be, and should not be construed as advice or used for investment purposes. Investopedia makes no guarantees as to the accurateness, quality, or completeness of the information and Investopedia shall not be responsible or liable for any errors, omissions, inaccuracies in the information or for any user’s reliance on the information. User is solely responsible for verifying the information as being appropriate for user’s personal use, including without limitation, seeking the advice of a qualified professional regarding any specific financial questions a user may have. While Investopedia may edit questions provided by users for grammar, punctuation, profanity, and question title length, Investopedia is not involved in the questions and answers between advisors and users, does not endorse any particular financial advisor that provides answers via the service, and is not responsible for any claims made by any advisor. Investopedia is not endorsed by or affiliated with FINRA or any other financial regulatory authority, agency, or association.

    Work With Investopedia
    About Us Advertise With Us Contact Us Careers

© 2018, Investopedia, LLC. Feedback All Rights Reserved Terms Of Use Privacy Policy