Taught Myself How to Invest

Have you paid off your debt? Managed to save for your dream home? Had an awesome investment pan out? Share your personal finance success stories here.

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WeSeed Writer
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Taught Myself How to Invest

Postby WeSeed Writer » Thu Feb 19, 2009 10:02 am

Seriously, I hated business when I was in college. I thought it was evil (I was also young and dumb, obviously).

Anyway, years later I realized this was stuff I needed to know. So I started reading. Books, blogs, magazines, newspapers—everything I could get my hands on that could give me some insight into this whole investing thing.

It started with Rich Dad, Poor Dad and now I'm even dabbling in some Options literature.

Along the way I've read stories of other "self-taught" people that have done very well for themselves, like James Surowiecki, the New Yorker financial page writer.

So even if you feel like you're totally ignorant, there's hope for all of us!
<b><a href="http://www.weseed.com">WeSeed</a></b>—The Stock Market for the Rest of Us | Follow me on <b><a href="http://www.twitter.com/carlosporto">Twitter</a></b>.

schatzi
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Postby schatzi » Wed Mar 25, 2009 2:45 am

Dale Carnegie's How to Win Friends and Influence People taught me how to be a good businessman.

Brad C
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Postby Brad C » Wed Mar 25, 2009 5:57 pm

I hear you WeSeed - I wasted a good decade or so of empire building with my own anti-business views.

enjoiii
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Postby enjoiii » Sat May 02, 2009 9:18 am

No offense but I wouldn't say your totally ignorant but still pretty ignorant if you think Rich Dad Poor Dad is a good financial book.

Brad C
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Postby Brad C » Sat May 02, 2009 10:13 am

Ouch - sounds pretty insulting to me.

WeSeed didn't offer an indepth review of Rich Dad, Poor Dad. He was merely sharing the genesis of his investing education.

I'll be the first to admit that Robert Kiyosaki isn't my favorite financial advice guru. With about 500 redundant sequels to Rich Dad, Poor Dad, it's pretty obvious that he's found something more lucrative than real estate - marketing.

You may belittle Rich Dad, Poor Dad, and insult those who have read the book, but the central idea of the book--that the individual MUST acquire assets (defined as anything that puts additional money in your pocket) in order to ever get ahead--is a valid point. And judging by the number of books that were sold, obviously there was a need and hunger for that message.

Is it rocket science? No. Is it orignal? No. Myself, I compare the book to Monopoly - the realization that you don't get rich from the $200 you get from passing Go, you get rich from owning houses, hotels, utilities, and railroads. But that doesn't mean that it isn't true or that it isn't valid.

WeSeed should be commended on two fronts - first for assuming personal responsibility for improving his own financial well being, and second, for the generosity of sharing his experiences as a way to encourage others.

Save the insults for the Yahoo message boards.

questionman
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Postby questionman » Fri May 15, 2009 6:58 pm

WeSeed - how has it worked out for you? My dabbling into the markets, including options, were mixed at best (which means I averaged the same as if I put my money in a money market). As a result I've just kept anything I could save in money market accounts instead.

sona123
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Re: Taught Myself How to Invest

Postby sona123 » Sat May 16, 2009 4:51 pm

WeSeed Writer wrote:Seriously, I hated business when I was in college. I thought it was evil (I was also young and dumb, obviously).

Anyway, years later I realized this was stuff I needed to know. So I started reading. Books, blogs, magazines, newspapers�everything I could get my hands on that could give me some insight into this whole investing thing.

It started with Rich Dad, Poor Dad and now I'm even dabbling in some Options literature.

Along the way I've read stories of other "self-taught" people that have done very well for themselves, like James Surowiecki, the New Yorker financial page writer.

So even if you feel like you're totally ignorant, there's hope for all of us!

===============================
hello buddy i read your comment i like it dear i learn alot of things from your comment dear i hope everyone likes your post dear thanx for this information dear god bless you keet it up

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I am trying to do a business plan for my own massive multiplayer game and was wonder how they spread out the resources.
===========================
Brock Lesner
========================
WoW Europe Gold-WoW Europe Gold

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RICKLEE
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Keep On Reading..

Postby RICKLEE » Tue May 26, 2009 3:57 am

I enjoyed Robert Kiyosaki's RDPD book. The books that followed tended to all read the same, which for me meant it was time to move on.

3 Other great books / authors / subjects on money:

Think and Grow Rich - Napoleon Hill
The Richest Man in Babylon
Buffettology - Mary Buffett
RICKLEE

Success101
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Postby Success101 » Wed May 27, 2009 1:22 pm

I think that the best book to learn about investing is "a beginner's guide to short-term trading" by Toni Turner. I have read probably a hundred books and have taken several expensive investing courses. It was this book that helped my become a profitable investor.

For years, I traded. I traded stocks, then options, then indexes, and then commodities. I won a few and lost a few. Made a slight profit, but not enough to cover my time.

Then I decided that I needed a trading program that would take the emotion out of trading. So I experimented and developed a program. It didn't take the emotion out of trading. I wouldn't follow my program. My emotions would take over and I traded when I shouldn't have traded or didn't trade when I should have.

I decided that I needed to auto trade. So I found an autotrading program and now I auto trade. It is great. The emotion is still there, but since I don't have to watch the market all the time, I don't worry about it. When a trade is made, I get an email on my cell phone and then check it out.

I have a free ebook on how I developed my program. It will not have a trading program in it and I do not sell a trading program. It is just a method to help investors develop their own program.

Tom
Success101.biz
The FREE success course.

Antoinette8
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Postby Antoinette8 » Thu Jun 04, 2009 4:51 am

Broadly defining success is nearly impossible, but in your particular case I would say this.

KUDOS!
Thou Shall Not Hide From Bad Credit

purplesunrise
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Postby purplesunrise » Thu Jul 23, 2009 6:04 pm

My daughter, Aimee, is autistic. She didn’t talk and would not give me any eye contact. I had traveled to visit my mother, and before I left, I had purchased pull-ups for nighttime, but I forgot to bring them.
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nightgirl

Postby nightgirl » Thu Jul 30, 2009 8:24 am

that's an interesting story.. thanks for sharing


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