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8:28 am
January 30, 2011
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Floris
| | Rotterdam, Netherlands | |
| Member | posts 31 |
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Post edited 7:29 am – January 30, 2011 by Floris
Hey,
First of all just start reading vocariously about value investing. There are many great books (i posted a list of my favourites on the forum). Also take your time. Only start investing when you are confident in assesing the risks and margin of safety of a stock. Get comfortable reading annual reports and enjoy reading them. My advice is to to always try to read at least one annual report of a stock that you might find interesting.
I would also advice to focus on one value strategy. In value investing there are many ways that lead to rome, whether it is low p/e, high fcf yield, cheap high ROIC or low p/b. I prefer asset based valuations and I try to build my center of competence from there. Although there are many cheap high roic stocks out there I feel i am currently better equipped and more experienced in valuing liquidation type of scenarios. So pick what attracts you most.
Again I would advice you to take it slow, a fool is easily parted with his money.
Reg,
Floris
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11:05 am
January 28, 2011
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Jae Jun
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As Cam has said, reading books is the best way to learn. I read all the easy stuff first, (I still do) and then only moved onto harder books when I felt confident knowing all the concepts.
My list of recommended books are at the link titled "books". And remember to go through the "how to invest" series I wrote about. Do a search and you will see the link.
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8:01 am
January 28, 2011
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Cam
| | North Albany, Oregon | |
| Member | posts 10 |
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1. Start reading investment books.
2. Decide on the investing style that makes sense to you.
3. Continue reading.
I'm not trying to be smart with you, but really, reading books and reports will be your best friend. I am also young and just learning. I don't mean to sound cliche, but some books that are very good are: The Itelligent Investor, Common Stocks and Uncommon Profits, Security Analysis, and F Wall Street, to name a few.
Good luck.
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7:50 am
January 28, 2011
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thenewguy
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I am only 21 years old and just now getting out of college and starting to make a little bit of money. I would like to start slowly building a portfolio, but i am very new to the stock market and have very limited knowledge of it. Any suggestions on how to start building? Thanks.
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