Resources for Investors?

wardct

I interested in investing in the stock market over the long term so as a starting point I'm looking for recommendations of any good reading materials.

Can anyone recommend any good books for the personal investor? Or any good online resources providing analysis of the markets, profiles of companies for potential investment or just good practical advice and that are updated regularly.

Thanks!

Time Magazine

The one big tip I will recommend is to look into diversifying your portfolio. This means buying, say, 30 shares instead of 3. If you're really looking long-term, you'll probably be better off doing this.

As I say, look at that first. Then you can buy pretty much any book on investing in Eason or Chapters. Just don't go for something that is essentially "The Latest Pretend Breakthrough!"

BigAl>>

The Economist wrote: »

The one big tip I will recommend is to look into diversifying your portfolio. This means buying, say, 30 shares instead of 3. If you're really looking long-term, you'll probably be better off doing this.

As I say, look at that first. Then you can buy pretty much any book on investing in Eason or Chapters. Just don't go for something that is essentially "The Latest Pretend Breakthrough!"

I know very little about investing.........But wouldnt it be a great time to buy shares as they are at rock bottom price thanks to the panic selling that has been happening, and lets be honest it will eventually setlle dwn again and those share prrices value will rise up again...... after the storm has passed

Time Magazine

(Just an admin point: nothing on this counts as financial advice, lads. Remember t's just discussion.)

The answer is "maybe".

If you thinking of investing for your pension (i.e. long-term) or some such then my inclination is that yes, there's good value to be had in the ISEQ at the moment. However everyone and his mother is predicting a tough old recession ahead of us. So share prices are probably going to sluggish for quite some time, as in >5 years. In which case don't touch Irish stocks for short-term gains. Yep they might go up, but it's very risky.

TBH if I was you I'd start doing some reading and wait until the new year before touching anything. It's just all a bit dodgy at the moment.

Baird

Just because something is rock bottom doesnt mean its the perfect time to buy.
They are priced at the prices they are as the global financial system has ground to a hault.
If it takes 5 years to sort this out, those share prices may not move in the meantime.
I see a lot more upside in the likes of Ryanair with oil collapsing than i do with the irish banks currently.
If you dont know exactly why the bank shares are the prices they are, then you do not
know enough to make an educated investment decision.

BigAl>>

The Economist wrote: »

(Just an admin point: nothing on this counts as financial advice, lads. Remember t's just discussion.)

The answer is "maybe".

If you thinking of investing for your pension (i.e. long-term) or some such then my inclination is that yes, there's good value to be had in the ISEQ at the moment. However everyone and his mother is predicting a tough old recession ahead of us. So share prices are probably going to sluggish for quite some time, as in >5 years. In which case don't touch Irish stocks for short-term gains. Yep they might go up, but it's very risky.

TBH if I was you I'd start doing some reading and wait until the new year before touching anything. It's just all a bit dodgy at the moment.

If I purchase shares then it will be for the long haul..........

On another note, currently have about 40k sitting around and would like to put it somewhere with hight interest gains but no risk and only over short term. The Bank of Irealand currently have a 18 m onth deposit saving account at gross 8% and ear of 5.26% Seems like one of the best places to leave it for the short term. Am also thinking of putting another 20k into rabo. Any thoughts on the above would be appreciated.

BigAl>>

Baird wrote: »

Just because something is rock bottom doesnt mean its the perfect time to buy.
They are priced at the prices they are as the global financial system has ground to a hault.
If it takes 5 years to sort this out, those share prices may not move in the meantime.
I see a lot more upside in the likes of Ryanair with oil collapsing than i do with the irish banks currently.
If you dont know exactly why the bank shares are the prices they are, then you do not
know enough to make an educated investment decision.

It may have ground to a hault right now but it will get going again. As i have said any shares purchased at the rock bottom price would be for the long term.

Idu

There's nothing to stop any bank you invest in from going bust or being nationalised(which is essentially what will happen if the government have to provide any money at all). Then those rock bottom shares you're talking about will be worth an absolute rock bottom zero

BigAl>>

janets_on_clubs wrote: »

There's nothing to stop any bank you invest in from going bust or being nationalised(which is essentially what will happen if the government have to provide any money at all). Then those rock bottom shares you're talking about will be worth an absolute rock bottom zero

"Life is a risk"

Idu

BigAl>> wrote: »

"Life is a risk"

touché:rolleyes:

Time Magazine

BigAl>> wrote: »

"Life is a risk"

In which case West Brom are playing in Old Trafford on Saturday. Put down €2000 on WBA winning and you can take a year off work.

Put down €40,000 and you can nearly retire.

Baird

The Economist wrote: »

In which case West Brom are playing in Old Trafford on Saturday. Put down €2000 on WBA winning and you can take a year off work.

Put down €40,000 and you can nearly retire.

You took the words right out of my mouth.
"Lifes a risk" are you serious?
You are talking about 40K here and your flippant response is that lifes a risk.
Take your money and put it in a deposit account as your attitude towards
stocks will see you get burned badly sooner or later.

BigAl>>

The Economist wrote: »

In which case West Brom are playing in Old Trafford on Saturday. Put down €2000 on WBA winning and you can take a year off work.

Put down €40,000 and you can nearly retire.

Some how i dont think so!!!!!

BigAl>>

Baird wrote: »

You took the words right out of my mouth.
"Lifes a risk" are you serious?
You are talking about 40K here and your flippant response is that lifes a risk.
Take your money and put it in a deposit account as your attitude towards
stocks will see you get burned badly sooner or later.

I was just pointing out the fact tht its a risk....life tht is! would not dream of risking 40k on a whim.........f**k the shares mine is going in the bank.

Baird

BigAl>> wrote: »

I was just pointing out the fact tht its a risk....life tht is! would not dream of risking 40k on a whim.........f**k the shares mine is going in the bank.

Good call
A juicy deposit rate for a couple of years seems the best choice in the current market.