Finance Page
“If you spend more than 13 minutes analyzing economic and market forecasts, you’ve wasted 10 minutes.”
- Peter Lynch
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I DID NOT spend mega $$$ to learn about the stock market! Fortunately I spent less than $100 on books before I discovered Investopedia. All the books eventually went to Goodwill.
Utilizing all the FREE information / tools available, I can make my own decisions on what to buy or sell. The only tools I have paid for are Personal Stock Monitor and Yahoo! Market Tracker for real time data.
This PDF file is a compilation of two Yahoo! finance tutorials I created, along with other posts from the blog. Hopefully this will help accelerate learning about the stock market, while DOING something, instead of just reading.
A few quickie definitions about stock market terms are in this blog post.
To play in the stock market sandbox, these commandments are words to invest / trade by!
From Investopedia: 10 commandments of investing
Commandment #11. (my commandment) Read the full 10 commandments before reading anything else on this site, or doing any other research about the stock market.
Commandment #4. Thou shalt not follow sheep.
Herd mentality is leading to more and more destructive rampages down Wall Street. Investing passively by sticking to funds, indexes and other mainstays of the couch potato portfolio is a perfectly acceptable practice. The danger comes when people move from passive investing to an active portfolio, but stick with the behavior of a passive investor.
Commandment #10. Thou shalt not make heros of mere men.
There are no perfect investors. Warren Buffett, George Soros and Peter Lynch have all slipped up from time to time. That doesn’t stop them from being great investors who are worth studying and learning from. That said, you should never mimic an investing strategy that you do not fully understand.
There is too much guru-ism going on among investors – so much so that credentials are often lost beneath book titles in which the word “rich” is prominently featured. As with the early caution against trusting authority, you have to question everything.
For purposes of this blog / website, the word “stock” will be general in meaning, and will be used to also reference ETFs, bonds, mutual funds, etc.
A few links to stock market humor: