Hi All, I am interested in learning about stock market investments. I have zero knowledge about stocks and trading. Any suggestions on books and online resources to start with the basics?
Thanks in advance.
From India, Chennai
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Thanks in advance.
From India, Chennai
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At the outset, let me caution you that you have to understand the fundamentals of investing and appreciate that one must be prudent in investing. You must also be aware of the trade-off between risk and reward with various types of investments and the importance of allocating your portfolio between different classes of assets, based on your financial goals, risk appetite, savings potential, and age profile.
Setting Financial Goals
Even before investing, I suggest you clearly write down your financial goals. Let this set the broad parameters for how much and in what financial instruments or assets you invest.
You can try to get useful inputs from the following sites:
- [Safal Niveshak | Value Investing in India | Value Investing Course](http://www.safalniveshak.com)
- [Fundoo Professor | Thoughts of a teacher & practitioner of value investing and behavioral economics](http://www.fundooprofessor.wordpress.com)
- [Investopedia - Educating the world about finance](http://www.investopedia.com)
Recommended Reading
Also, read up on books like (this is only illustrative, and many of them can be sourced free online in ebook format):
- Rich Dad Poor Dad
- The Intelligent Investor by Benjamin Graham
- The Making of an American Capitalist
- The Little Book that Builds Wealth by Pat Dorsay
- The Richest Man in Babylon by George Samuel Clason
- Poor Charlie's Almanack
In addition, make it a point to read at least one Financial Daily and one Financial Magazine.
You can also take a free course on finance at [Khan Academy](http://www.khanacademy.com).
Evaluating Your Investment Performance
Investment is a proactive business, and you must periodically evaluate your performance. You must, therefore, also create a portfolio in [Stock/Share Market Investing - Live BSE/NSE, India Stock Market Recommendations and Tips, Live Stock Markets, Sensex/Nifty, Commodity Market, Investment Portfolio, Financial News, Mutual Funds](http://www.moneycontrol.com) or some similar portal and evaluate your performance over a period of time.
Finally, do remember that greed and fear are the two most compelling reasons that drive the stock markets in particular. Don't be a victim of these.
Best Wishes
From India, Mumbai
Acknowledge(0)Amend(0)
498Setting Financial Goals
Even before investing, I suggest you clearly write down your financial goals. Let this set the broad parameters for how much and in what financial instruments or assets you invest.
You can try to get useful inputs from the following sites:
- [Safal Niveshak | Value Investing in India | Value Investing Course](http://www.safalniveshak.com)
- [Fundoo Professor | Thoughts of a teacher & practitioner of value investing and behavioral economics](http://www.fundooprofessor.wordpress.com)
- [Investopedia - Educating the world about finance](http://www.investopedia.com)
Recommended Reading
Also, read up on books like (this is only illustrative, and many of them can be sourced free online in ebook format):
- Rich Dad Poor Dad
- The Intelligent Investor by Benjamin Graham
- The Making of an American Capitalist
- The Little Book that Builds Wealth by Pat Dorsay
- The Richest Man in Babylon by George Samuel Clason
- Poor Charlie's Almanack
In addition, make it a point to read at least one Financial Daily and one Financial Magazine.
You can also take a free course on finance at [Khan Academy](http://www.khanacademy.com).
Evaluating Your Investment Performance
Investment is a proactive business, and you must periodically evaluate your performance. You must, therefore, also create a portfolio in [Stock/Share Market Investing - Live BSE/NSE, India Stock Market Recommendations and Tips, Live Stock Markets, Sensex/Nifty, Commodity Market, Investment Portfolio, Financial News, Mutual Funds](http://www.moneycontrol.com) or some similar portal and evaluate your performance over a period of time.
Finally, do remember that greed and fear are the two most compelling reasons that drive the stock markets in particular. Don't be a victim of these.
Best Wishes
From India, Mumbai
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