AquaNextDoor
@AquaNextDoor
10 Years1,000+ PostsAquarius
Comments: 88 · Posts: 2780 · Topics: 55
Books for stock market beginners?
Posted by IAteMyGrandmaInMonkeyTown
What you need to know?
Everything! I need a book that is good for starters who never dealt with stocks or investments
Check out howard marx nrw book esspecially him on the tim ferriss and james altucher podcast
Posted by Parkourler
Check out howard marx nrw book esspecially him on the tim ferriss and james altucher podcast
I like Altucher. 😊
Posted by Black-Mamba
wow thanks for this thread, i been all over the internet studying recently like last night in fact
Yeh we gotta start making our money work for us longterm 💃🏻
Thanks guys!
Posted by IAteMyGrandmaInMonkeyTownPosted by AquaNextDoor
Yeh we gotta start making our money work for us longterm 💃🏻
Can you figure out the current market? Like exactly where it is in the 8 year cycle?
Can you identify what to do now?click to expand
No I‘m a bloody beginner 🤷🏻♀️ That‘s why I‘m gathering information and looking for good books etc to learn how to invest
Posted by IAteMyGrandmaInMonkeyTownPosted by AquaNextDoor
No I‘m a bloody beginner 🤷🏻♀️ That‘s why I‘m gathering information and looking for good books etc to learn how to invest
Won't get that from a book. Need to watch people. Everyday people. See what they do and what they say.
Then do the exact opposite of that. Watch the young generations, they are the once always making mistakes.
99% of people lose money in this world. The 1% takes that money. It vultures on those mistakes.
You will need to separate yourself from the general public and go against them. Then, and only then you will be successful money wise. You can read 1000 books (btw they are almost worthless), and won't learn what it takes.
As a start, figure out where we are right now price wise across every asset and compare it historically to figure out the current situation. Once you get the current situation correct, the future is easy.click to expand
I‘m not going to handle several k just on observating. There is so much deep theory to learn first about etf, dividend yield, stock depots, how to handle it tax wise (especially in switzerland) and the list goes on and on. Or how to read the balance sheet of an enterprise the way it shows if it’s worth investing, all the small but crucial details can’t be learned by observing. It’s blank theory and I want to learn that too beside what you said. With money it‘s always wise to know what you are doing first, especially handling things like stocks.
Reading some good beginner books won‘t hurt for sure! I mean you gotta start somewhere right? 🤷🏻♀️
Posted by Black-MambaPosted by AquaNextDoorPosted by IAteMyGrandmaInMonkeyTownPosted by AquaNextDoor
Yeh we gotta start making our money work for us longterm 💃🏻
Can you figure out the current market? Like exactly where it is in the 8 year cycle?
Can you identify what to do now?
No I‘m a bloody beginner 🤷🏻♀️ That‘s why I‘m gathering information and looking for good books etc to learn how to invest
buy low, hold, than sell when its the right time
never buy high and sell low
click to expand
Guess that‘s the most obvious principle about it 😎 but I want to learn and understand as much as I can. That‘s why I‘m not going to a bank yet because they‘d flood my ears with that kinda stuff and I‘d sit there knowing not one word what he was talking about. Gotta dig deeper than that to be eye to eye with such people.
My goal is to not need an investment agent, because I learned it myself (even if it takes a few years)
Posted by Black-Mamba
most people can't even equal or beat the market
so why bother.
That’s not true!
If you’re intimidated or scared easily then the market isn’t for you but if you’re able to understand how market and trade work and you’re also able to remove ego from the game, you can learn very easily how to follow patterns and know when to trade, hold your losses and make money while things are going down.
It’s more than just buying stock.
If I meet my goals and I think I will because I’m very invested and so is my Virgo. We may be sitting on our very first 10 mill within the next 6 years if we meet our annual goals. I’m not saying I’ll get there but I have 100% faith that we will.....and this will be money that’s only earned from trading.
I’m not even talking about crypto which is something entirely different.
Posted by Black-MambaPosted by Romz-Posted by Black-Mamba
most people can't even equal or beat the market
so why bother.
That’s not true!
If you’re intimidated or scared easily then the market isn’t for you but if you’re able to understand how market and trade work and you’re also able to remove ego from the game, you can learn very easily how to follow patterns and know when to trade, hold your losses and make money while things are going down.
It’s more than just buying stock.
If I meet my goals and I think I will because I’m very invested and so is my Virgo. We may be sitting on our very first 10 mill within the next 6 years if we meet our annual goals. I’m not saying I’ll get there but I have 100% faith that we will.....and this will be money that’s only earned from trading.
I’m not even talking about crypto which is something entirely different.
I'm just relaying what every investor says
How much were your initial investments? For how long? Were they bought for you as a baby
You're not telling the full story which sucks
click to expand
Can’t tell you initial investments but I can give you the ratio we use.
Our annual income living expenses for everything falls below 25% .
We invest 40% and the remainder is saved.
What is saved is split in half. Half for a retirement buffer and the other half is for mutual funds which we manage ourselves.
The 40% is split into various amounts that are used for different types of trades. Half is used towards high risk trades such as commodities and the other is more for low risk such as companies like software developers or renewable energy etc etc.
This is both of our incomes.
We use things like bonuses from work to play with the crypto market. We’ve done really well there.
He’s been investing for the past 15 years and has made enough for him to retire early and comfortably.
Together we’re working on a shared financial goal so that we’re not only living comfortably but we also won’t have to worry about money for many years. Our goal is to get to a point where our children or grandchildren won’t have to worry about money- not just retirement.
Nothing was gifted to me by my parents. What I have and what he has is from our own hard work.
I’ve been sharing information on here for years now and no one ever cared about everything I tried to tell y’all.
No one wanted to listen to me about bitcoin years ago.
Posted by IAteMyGrandmaInMonkeyTownPosted by AquaNextDoor
I mean you gotta start somewhere right? 🤷🏻♀️
Don't take this personal, more like a financial advise. You won't make any money.click to expand
I‘ll be fine thanks
Posted by Parkourler
Check out howard marx nrw book esspecially him on the tim ferriss and james altucher podcast
Which one you mean?
The Most Important Thing: Uncommon Sense for the Thoughtful Investor
Mastering the Market Cycle: Getting the Odds on Your Side
Posted by Romz-Posted by Black-MambaPosted by Romz-Posted by Black-Mamba
most people can't even equal or beat the market
so why bother.
That’s not true!
If you’re intimidated or scared easily then the market isn’t for you but if you’re able to understand how market and trade work and you’re also able to remove ego from the game, you can learn very easily how to follow patterns and know when to trade, hold your losses and make money while things are going down.
It’s more than just buying stock.
If I meet my goals and I think I will because I’m very invested and so is my Virgo. We may be sitting on our very first 10 mill within the next 6 years if we meet our annual goals. I’m not saying I’ll get there but I have 100% faith that we will.....and this will be money that’s only earned from trading.
I’m not even talking about crypto which is something entirely different.
I'm just relaying what every investor says
How much were your initial investments? For how long? Were they bought for you as a baby
You're not telling the full story which sucks
Can’t tell you initial investments but I can give you the ratio we use.
Our annual income living expenses for everything falls below 25% .
We invest 40% and the remainder is saved.
What is saved is split in half. Half for a retirement buffer and the other half is for mutual funds which we manage ourselves.
The 40% is split into various amounts that are used for different types of trades. Half is used towards high risk trades such as commodities and the other is more for low risk such as companies like software developers or renewable energy etc etc.
This is both of our incomes.
We use things like bonuses from work to play with the crypto market. We’ve done really well there.
He’s been investing for the past 15 years and has made enough for him to retire early and comfortably.
Together we’re working on a shared financial goal so that we’re not only living comfortably but we also won’t have to worry about money for many years. Our goal is to get to a point where our children or grandchildren won’t have to worry about money- not just retirement.
Nothing was gifted to me by my parents. What I have and what he has is from our own hard work.
I’ve been sharing information on here for years now and no one ever cared about everything I tried to tell y’all.
No one wanted to listen to me about bitcoin years ago.
click to expand
Love that
We save 20% of my husbands income each month (I‘m a housewife with a baby) + his bonus. He is only 32 with a good salary but there are many more raises to come in his life and we can save even more. We gathered a lot of money but I want to make more out of it especially so we can still live a rather wealthy life once retired one day. Not going to give up that standard, longing for more
Posted by AquaNextDoorPosted by Parkourler
Check out howard marx nrw book esspecially him on the tim ferriss and james altucher podcast
Which one you mean?
The Most Important Thing: Uncommon Sense for the Thoughtful Investor
Mastering the Market Cycle: Getting the Odds on Your Sideclick to expand
The latter.its more meta. Its about thinking and handling the market the trends etc.
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@Black-Mamba
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can a restaurant owner decide they dont allow children in? (more of babies or toddlers, but the bigger ones can be just as bad, if they dont behave)
I am drowning in all this water.
I am so sensitive that I have decided to stay in the house.
Neptune conjunct midheaven...
I havent even gone into the office. Just working from home.
I just have the desire to escape.
How do you tell yourself to sleep early in the night?
And if you used to be a Midnight Owl but eventually became a Morning Person, what did you do that effectively enabled you to get out of the 'rut'?
I have stoped using that social media hellhole about 3 weeks ago, with exceptance of keeping up to date with events I want to attend, and here’s the early results:
It has been delightful. Cutting out the daily stream of buttplug-less verbal diarrhea of t
@_@
Well, go on...... 👂🏼👀
I’m trying to return my tickets now, after years of wanting to go see The Prodigy live.
R.I.P. Deviant Virgo
https://www.google.com/amp/s/www.esquire.com/entertainment/music/amp26620801/keith-flint-prodigy-dead/
Greetings, DXP people.
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https://scontent.fmnl6-2.fna.fbcdn.net/v/t1.0-9/52837056_10205405262047257_1574386318945812480_n.jpg?_nc_cat=104&_nc_ht=scontent.fmnl6-2.fna&oh=b2b1fe12dbf0e28e4a4687832044a75c&oe=5D1FEDC2
https://scontent.fmnl6-1.fna.fbcdn.net/v/t1.0-9/52857
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no troll
🎉🎊🎉🎊🎉🎊🎉🎊💸🎊🎉🎊🎉🎊🎉
Now I have a new 'ands.'
It's just so funny that he's another RAT, born August 1, 1972.
What is yours currently? Are you happy/content with your career choice?
If not, what would be your ideal profession?
Do you approve or not? I'm thinking about doing this.
https://youtu.be/3RLuWeackY4
What are yours?
I‘m looking for good books/ blogs to get started and build up knowledge 💸 would prefer books though