Reading material for beginners

Apologies first of all if this is in the wrong folder or if there is already a thread on this (I couldn’t see one).

I’m pretty much a newbie, have done some research over the past 6 months and have previously had a couple of stocks & shares ISAs, i know about trust funds and have money in Fundsmith, but when it comes to trading I’d like to learn more and be able to (at least have the foundations to) be successful on my own.

I know about the practice platform and have been using this, but I’d like to know what the best books, journals, articles etc… (any reading material) that people on here have read and can recommend.

Any help is appreciated, thanks

Hi and welcome,
I’m going to copy/paste a recent copy/paste of mine from another post :slight_smile:

I don’t know how young/old you are but I think everyone who remotely considers trading should read Intelligent Investor by Ben Graham, and Irrational Exuberance Bob Shiller.

Rich dad poor dad by Kiyosaki will hammer the idea about educating yourself about finance while rudely pointing out the differences between classes.

If you want to read about dividends, “The Single Best Investment” by Lowel Miller is probably the best one despite being old.

Yes I am a dinosaur, I don’t own a kindle still buy hard cover books, and use youtube to watch LPL Vods :man_shrugging:

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How relevant is this book today? I’m sure there are some useful tips here and there but surely the book is mostly outdated now in the age of technology and Robinhood autists.

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I would agree that it’s outdated, but it does make for a great read. Some of the principles and commentary is timeless - I’d still give it a go.

Rich Dad Poor Dad is great. The Richest Man in Babylon (again - outdated but a great read).

Whoever put this together deserves a Knighthood.

Thanks for directing me there

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Brilliant, nice one for that. I’ll definitely take a look at a couple of these

Rich Dad Poor Dad seems to be a hit, will definitely be having a read. Thanks

Welcome to forum mate. I have few suggestions:

Michael Lewis (everything he wrote, especially Flashboys, the Big short and Liar’s poker)

John Lanchester Whoops - Why everyone owes everyone and no one can pay.

Peter Lynch - everything you find plus youtube interviews

Ramit Sethi - I will teach you to be rich

Nick Leeson - Rogue trader aka the guy responsible for the end of Barrings bank (lost 832m on Nikkei)

This is just from the top of my head but it’s a good start. I have 140 books on my list on Amazon which also include start ups, economy and psychology…and it keeps getting bigger despite reading 1-2 a week

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I recently picked this up after seeing it recommended a few times on Reddit. It’s dated, but I’ve learned a bit from it already. Some good info on when to enter / exit a trade. Although his time frame is in years. For example the moving average he uses is a 30 WEEK! moving average. But according to reddit stock experts it’s still relevant today on shorter time frames.

Btw I have no idea who Stan Weinstein is. The only mention of him on google are people talking about this book. There’s a short TV interview on Youtube. Apparently he was great at predicting market crashes back in the day. Then along came one of the longest bull runs in history. I’m guessing his predictions started to fall flat on their arses and he ran out of steam.

I also trust his hair style.

Ben Graham is the guy pretty much coined the term “Mr. Market” Some of the content is naturally outdated(70 year old book!) but it is -in my belief- one of the most important books every investor should read.

I am copy pasting “Mr. Market” s personality, take a look and tell me if you can see “Robinhood autists” :slight_smile:

Mr. Market is often identified as having human behavioral characteristics he:

  1. Is emotional, euphoric, moody
  2. Is often irrational
  3. Offers that transactions are strictly at your option
  4. Is there to serve you, not to guide you.
  5. Is in the short run a voting machine, in the long run a weighing machine.
  6. Will offer you a chance to buy low, and sell high.
  7. Is frequently efficient…but not always.

other books that I mentioned are also about fundamentals, and not recent trends. I mean I can’t in good conscious recommend any other modern dividend book while there is “The Single Best Investment”

plus -> One Up On Wall Street, Peter Lynch.

Fixed for you :wink:

Added to my list now, cheers

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As a bald man I find it hard to trust anybody with a barnet that good :joy: