When I first started investing in stocks, this is one of the first books I picked up at the bookstore. Everyone has heard of the “… For Dummies” product line so I figured, what better place to start. After reading this Stock Investing for Dummies Review, you will know what’s covered in this book, how easy it is to read and how much value is found within.
What’s In It?
So firstly, who exactly is this book for? It’s for the beginner investor that wants to learn the principles of investing in the stock market and lays out a broad foundation to ensure the reader is comfortable before jumping in with their hard earned money! It focuses on an reasonable approaches to earning money in the stock market by laying out tried and true strategies that although simple, are used by even the greatest of professionals. It’s laid out in 6 major sections that will cover the following:
- The Essentials of Stock Investing – This section focuses on explaining what stocks are and goes in more detail related to individual stocks as well as funds that consist of many stocks. It also discusses analyzing your current financial situation, coming up with goals and laying out basic strategies to investing.
- Before You Start Buying – This section discusses that stocks can be used for growth and/or income depending on which strategies you choose. It also talks about different brokers and helps you choose what type of broker you want to deal with. Next it walks you through some technical analysis techniques.
- Picking Winners – This is one of my favorite sections! This talks about how to analyze companies and determine which ones are truly opportunities and show the most potential to help you earn profits! Sound fundamental analysis is stressed hear so you can learn what to look for and not just throw darts at a list of stocks on your wall!
- Investment Strategies and Tactics – This is where you get to a few of the more advanced tactics. You’ll learn how to ensure your costs are kept low when trading, how to setup triggers and conditional orders, and how to pay close attention to what company management is doing to see if you can identify buying opportunities as well as spot when you may want to sell.
- The Part of Tens – This section goes over 10 opportunities and challenges for investors and helps you consider what you may want to do if your portfolio is up as well as what action you may want to take when it is down.
- Appendixes – This section is for resources that author thinks may be valuable to you.
Ease of Use and Value
I found Stock Investing for Dummies to be extremely easy to read and was surprised after reading the title, just how much information was actually in the book. I was concerned it would be too basic since I had some foundational knowledge already.
I found quite a bit of things I already knew in it but the way the book is laid out, it’s extremely modular meaning that you can jump around with easy to ensure you only read sections that apply to your level of familiarity with the subject.
There are tons of illustrations and visuals that making comprehending the stock market easy for anyone. Overall, this will not teach you everything you need to be a professional trader but it will teach you enough to make you comfortable to get started. As a first book about the stock market, I’d say it’s hard to beat.
If you have any questions or comments, please leave them below and I’d love to know your thoughts. Also, if someone you know may find interest in this review, please share this also!
Stock Investing for Dummies$16.99
- Very easy to read
- Covers all of the basics
- Helps develop an investing plan
- Great visuals to make reading easier
- Lots of resources to pick up where you leave off
- Not for advanced investors
- Not very detailed as far as technical analysis