Sometimes, I wonder why the subject that we should expect to learn is not the actual knowledge that we should get to learn. For example, I found that we always think that the investment knowledge that we have learned before actually is speculation, some books mentioned that speculation is not suitable for the newbie, we know that speculation is high risk than the investment, it’s suitable for the experienced player in the stock market, investment is more for long term but speculation is for short term, the investment knowledge that we learn before is just telling us or teaching us about how to buy or sell our stock and learn to earn profit just by the changing price of stock. Read some books that said that we should learn about to manage the risk, investment is not dangerous, but invest without the risk management is dangerous, heard some knowledgeable person said before which I think is meaningful, he said in the school we are learning how to work for money, but learning in the real world we can learn how to make the money work for us, of course, we should have some financial knowledge before we learn all this. I hope to learn about the risk management but what I have learned is diversify our stock, izit true? I think diversify is for the people who didn’t doing research or homework to hope that if unluckily a few stock that we invested are loss, but still having some stock that showed profit, this is the investment that we need to learn? I wonder why it always contrasts with what the professional investors talking about? We are learning speculation actually.
*I’m not good in investment or finance knowledge, but it just my opinion, maybe I’m wrong but I hope get advice.
6 条评论:
To invest, you need to have a clear mind. I recommend two books for you, two of the greatest investment book ever written to get you started:
i) The Intelligent Investor by Ben Graham
ii) Common Stock Uncommon Profits by Phil Fisher
Both books can be downloaded online if you know where to find. Plus, no matter how much you read, you still need to get started. Nothing beats doing it on your own. You will find yourself learning exponentially on a lot of stuff when you start. Set up a trading account, it is rather easy to start one nowadays. After that, start with some money to try the ideas you learn.
Next, you need not to get distracted. You need to have an independent mind. Find stock that other people sell irrationally.
So, read a lot, do it for real and be independent. Happy investing.
Waiko
i think i'm still not reading a lot, still in reading level, but what in the school teach is really basic of the basic about investing, so need to read the other references to know more.
Yup. I advise you to stop listening to school stuff. Things like efficient market hypothesis. All this are purely stupid ideas come up by academics. Be selective on what you read in school. Most of the school finance courses are teaching the students the wrong stuff.
Try to find the books and read the books by Graham and Fisher. It is available both in Mandarin and English. It will set you in the right direction for investment.
Regards,
Waiko
haha,i will find it when i'm free...
my school text book is written by Graham... And i feel a bit complicated ler... maybe i really need sum extra reading
Hi,
The following link leads to a collection of articles written by “冷眼” in Nanyang， I follow his column before my family switch to Sin Chew. He is one of the best local stock market columnist we have in Malaysia. He writes his experience in stock market and can give you the right mentality to start investing e.g 基本面投资 or fundamental investing. If you are interested, you can buy his book in Popular too. The link is as follow:
http://www.oomoney.com/coldeye/. The articles is very easy to read and dates back to 2004. You can cover a few article a day.
Cheers,
Waiko
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