1. Your Questions About Investing For Dummies
Carol asks…
Is "Investing for Dummies" a good book to get a glimpse of
everything?
i'm a stock market beginner and I don't really know where to educate myself broadly on various
subjects. I've looked at the table of content, seems decent. You think?
Steve Winston answers:
I read "Stock Investing for Dummies" (the title sounds so demeaning lol) and in all honesty, it
starts off very well, but during the course of the book, seems to banter and garner a more "trite"
and "dry" tone. Not only that, but it does not feature charts of any sort, perhaps so that it could
appeal to the lowest common denominator. Because of this, you may find that understanding
the two main branches in stock investing (Fundamental Analysis and Technical Analysis) is
fairly difficult without referring to a third-party source such as Investopedia.
What book one wishes to recommend to you firstly depends on how much knowledge you are
wishing to acquire. If you want to ''test the waters'' rather quickly and not get bogged into
reading the meteorological charts and so forth, then CliffsNotes "Investing in the Stock Market"
[Amazon: http://www.amazon.com/Investing-Stock-Market-Cliffs-Notes/dp/0764585185 ] may be
a good option for you. Its very concise, brief and pertinent. Mind you of course, that there are
many things that are missing as a consequence of its brief nature. "Learn to earn - A beginner's
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2. guide to the basics of business and investing" by Peter Lynch and John Rothchild [Amazon: http
://www.amazon.com/Learn-Earn-Beginners-Investing-Business/dp/0471180033/ref=sr_1_1?ie=
UTF8&s=books&qid=1249245480&sr=1-1 ] is somewhat good as well, but if I were to criticize it,
I would say that it is way too engrossed with American history that it renders it a difficult read for
Non-Americans.
If you wish to acquire much more "high-brow" knowledge, "The Five Rules for Successful Stock
Investing: Morningstar's Guide to Building Wealth and Winning in the Market" by Pat Dorsey
[Amazon: http://www.amazon.com/Five-Rules-Successful-Stock-Investing/dp/0471686174/ref=s
r_1_1?ie=UTF8&s=books&qid=1249245531&sr=1-1 ] is extremely well written and doesn't omit
mathematical information out of fear that it may ''scare'' potential investors, keeping its overall
flavour strong without dilution of egalitarianism. "Understanding Stocks" by Michael Sincere
[Amazon: http://www.amazon.com/Understanding-Stocks-Michael-Sincere/dp/0071409130/ref=
sr_1_1?ie=UTF8&s=books&qid=1249245662&sr=1-1 ] is brilliant as well.
Of course, reading one book won't make you become an expert in the markets. I hope you do
acknowledge that first before buying . . .
Joseph asks…
Is it sereously possible to make money by reading "investing for
dummies"?
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3. Steve Winston answers:
No BUT it helps those that know nothing about investing by giving a good insite into the
investment business.
Any knowledge that one receives about investing can only make them a better investor.
So you may not make money investing, but it will help you gain some well needed knowledge
for investing.
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