Learning to Invest..But facing difficulties

• Soarz

  1 Aug 08, 20:53

  Anyone knows what's the best way to start to learn about investing and improve your financial IQ? Perhaps some trusted websites? :)

• Master -_-

  1 Aug 08, 20:58

  what do u mean by improving financial iq?

• xavier1979

  1 Aug 08, 21:43

  Read more investment books.

• Soarz

  1 Aug 08, 22:11

  To Master-_-:

  Financial IQ is the smart use of money

  To xavier1979:

  There're a many investment books out there. Some are quite skewed. Was thinking of something along the lines of an investment textbook, where I can get the basics right. Any suggestions?

  To both:

  Thanks for your replies! :)

• dreamthinkdo_ers

  2 Aug 08, 01:36

  U can take up some course. There is a course know as Certified Financial Planner. Mainly to train people to be financial advisor, or salesman of financial instrument, depending on how you view it. Cant remember which sch teaching it. Btw what your backgroud??? How risk tolerance are you? Mean can you afford to lose money? Or i shd ask, how much money can you afford to lose? Basic rule, no risk no gain; minimise risk not eliminate it.

• Detached

  2 Aug 08, 10:18

  Originally posted by dreamthinkdo_ers:

  U can take up some course. There is a course know as Certified Financial Planner. Mainly to train people to be financial advisor, or salesman of financial instrument, depending on how you view it. Cant remember which sch teaching it. Btw what your backgroud??? How risk tolerance are you? Mean can you afford to lose money? Or i shd ask, how much money can you afford to lose? Basic rule, no risk no gain; minimise risk not eliminate it.

  For someone whom is not 'math-sound', signing for CFP/CFA (esp) course almost mean a certain suicide. Also, I do not think a CFP certification is necessary unless TS plans a career in that area la. Like take butcher knife cut orange like that

  TS, if you're keen I'd advise you to read up some 'self-help' books, and start following the market - 'invest' with 'imaginery' money for practice. Also, if you're geniune 'bout investing, yet know nuts 'bout... A brokerage would be a good place to start (Learn some stuff from the agent :P )

• xavier1979

  2 Aug 08, 10:56

  Originally posted by Soarz:

  To Master-_-:

  Financial IQ is the smart use of money

  To xavier1979:

  There're a many investment books out there. Some are quite skewed. Was thinking of something along the lines of an investment textbook, where I can get the basics right. Any suggestions?

  To both:

  Thanks for your replies! :)

  If you're really the hard-core type, I suggest you read CFA textbooks.

  If you're just looking for general knowledge, pick up books in the library that cover basics like P/E ratio, ROE etc. (That's how I started out.)

• the_fallen

  2 Aug 08, 11:45

  got try going to the stock dealing center and ask the staffs there if they offer any weekly night classes which are conducted free?

  i saw it being offered over there in last yr's tv show..

• charlize

  2 Aug 08, 11:46

  Learn to know which appropriate forum to post the question first lah.

• maurizio13

  2 Aug 08, 11:58

   

  Post in Speakers' Corner and address it to our resident financial guru "O o O o".

   

• RETARDED_MORON

  3 Aug 08, 17:30

  I read two types of books, factual and inspirational.

  Here are some recommended titles:

  Factual - "Investing For Dummies" by Eric Tyson (great introductory book)

  Inspirational - "A Million Bucks by 30" by Alan Corey, "How To Get Rich" by Donald Trump, "Warren Buffett Speaks" by Janet Lowe, "7 Habits of Highly Effective People" by Stephen Covey.

  If you are looking for websites, you can try the following:

  1) www.fool.com

  2) www.investopedia.com

  3) www.fundsupermart.com

  These are some of the resources that I personally use and have found useful. Hope this helps. :)