Investing Reading List for a Newbie

[magnusvv]

I think there is a lot of really good posting going on in this section in the forum and I've seen a couple posts in here from people who, like myself, want to learn more about the investing that a few posters discuss in this forum.

I think its easy to find the inspirational books from authors like those Rich Dad, Poor Dad series of books by Robert Kiyosaki, that give the reader the basic idea to save more than you earn. What I'm finding more difficult to locate are introductory but more in depth books on the evaluation of investment opportunities. Also books with macroeconomic outlooks for the future are always helpful to me since I'm interested in living/investing longer than the next year or two.

I think I saw a few recommendations in here before:
John J.Murphy - Techical Analysis of the Futures Markets (Prentice Hall Pub.)
Stan Weinstein: How to Profit in a Bull or Bear Market
Reminiscences of a Stock Operator - by Edwin Lefevre, Pub Wiley & Sons
Jack Schager's Market Wizards

Can you recommend others? Personally I don't mind even a dry/textbook like read when it comes to this sort of thing....maybe I'm just greedy.

[K2]

Would depend on your investment objectives and your risk appitite.

At early stages of investment career - focus on risk management (capital preservation) - then with taht mastered develop a trading strategy that suits you - everyone has different parameters.

[Bushdoctor]

Jim Cramer has a new book out called "Mad Money, watch TV, get rich". I own it but I haven't read it yet. Amazon.com: Jim Cramer's Mad Money: Watch TV, Get Rich: Books: James J. Cramer,Cliff Mason
He gives good stock picking advice on his website, and he also has a decent TV show on CNBC. I really like him. He's right a lot more than he's wrong. It's kind of beginner to intermediate book. If you join his website he gives you a heads up on what he is going to buy for his charitable trust before he does it. http://secure2.thestreet.com/cap/prm...FRdXSgod7CNDjQ

[magnusvv]

Thanks for the advice.

Wow, that action alerts plus subscription is $400/year. I guess must give some pretty good advice through that?

[marc26]

Originally Posted by Bushdoctor

Jim Cramer has a new book out called "Mad Money, watch TV, get rich". I own it but I haven't read it yet. Amazon.com: Jim Cramer's Mad Money: Watch TV, Get Rich: Books: James J. Cramer,Cliff Mason
He gives good stock picking advice on his website, and he also has a decent TV show on CNBC. I really like him. He's right a lot more than he's wrong. It's kind of beginner to intermediate book. If you join his website he gives you a heads up on what he is going to buy for his charitable trust before he does it. http://secure2.thestreet.com/cap/prm...FRdXSgod7CNDjQ

I think he is complete crap and actually question CNBC having a show like this on their network
I think if your an experinced investor than you can decipher some of what he gives you and make your own decision
but I think there is too many people that dont know much about trading and would lose alot of money if they just listen to anything he pumps

There has been times that something he has mentioned has made me give it a second look, but i guarantee you for every experienced trader that has made money, there is 5 amateurs that lost their shirt

just my opinion

by the way, I like Cramer-just not the show

[Bushdoctor]

Originally Posted by marc26

I think he is complete crap and actually question CNBC having a show like this on their network
I think if your an experienced investor than you can decipher some of what he gives you and make your own decision
but I think there is too many people that dont know much about trading and would lose alot of money if they just listen to anything he pumps

There has been times that something he has mentioned has made me give it a second look, but i guarantee you for every experienced trader that has made money, there is 5 amateurs that lost their shirt

just my opinion

by the way, I like Cramer-just not the show

I'm sure you know a lot more about the stock market than I do. The TV show is kind of corny. He is self-promoting and has a lot of juvenile antics. Why does CNBC allow this show? Easy, ratings and profits. Of course I agree with you, no one should blindly follow any advice or book, even Cramer warns not to buy a stock simply because he recommends it. It depends on your goals and you need to do your own homework. The book was just a recommendation, but I haven't seen Cramer give much bad advice. I've done pretty good with him so far. What is it about his advice you don't like?