Great Starting Stock Market Books
Feb 26th, 2010 | By GuestPoster | Category: InvestingWhen I first starting learning the stock market 101 introductory type information, I kept getting distracted with the tips and tricks to get rich quick. There were lots of distractions including books about making 9000% per year day trading options. It all sounds possible when you know nothing about how the stock market really works. You need to ground yourself with some good common sense reading.
The Motley Fool
These guys really hit the scene in the 90s. Now they more sell informational newsletters and run their giant forum, but back then they put out some really quality books. There was great basics workbook that taught you to run basic statistics to help you choose good stocks. Also, the book “Rule Makers and Rule Breakers” was a fantastic comparison of big blue chip investing versus small growth.
The Automatic Millionaire
The “Automatic” series by David Bach is great overview of how to actually set up your personal finances to become wealthy. While is investing strategies are basic, they work because they match the psychology of the average American. It is what you need to be doing to start getting rich while you’re working on your bigger game plan.
Rich Dad / Poor Dad
Robert Kiyosaki, author of the Rich Dad series and Cashflow game, is wonderful at helping the average person step out of the employee mentality and into the entrepreneur mentality. While he does recognize stock investing as a piece of the puzzle and recommends you learn stock market fundamentals, he really wants you to think more about entering into small business. He prefers cash flow to unrealized growth.
Most of the books I recommended are to help you understand why stock investing is important and that it’s not a get rich tool quick tool. Though it is the best get rich eventually tool available to all.