Sources of information for learning : Stock market for Beginners
Learning is the most important thing in life as well as stock market investing. As money compounds, knowledge as well as compounds over the years.
The below quote by Charlie Munger.
“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up & boy does that help, particularly when you have a long run ahead of you”.
This is the best source of learning about investing because of the below mention reason. Books are collection of information written down by a writer (in our case an investor) after many years of practice/experience of investing & devoting many hours remembering each & every point from the memory for writing it down.
This will help you in many ways (1) Investing mindset, (2) Investing Strategies, (3) Investing avenues, (4) Learning's about different companies, (5) Setting investing goods, etc.
Books recommendations at the bottom of the blogs.
2. YouTube channels
YouTube channels on the stock market are getting popular but many channels are mostly useless or a complete waste of time. Especially which give targets on a stock because no one knows what will happen in the short term. For Eg:- COVID-19 crash, no one ever thought on 1 Jan 2020 that after 3 months the stock market will crash & then after few months rebound as nothing happened.
But few channels like Finnovationz & Pranjal Kamra in Hindi & Sven Carlin, Cooper Academy in English are worth watching.
3. Annual Reports
Read annual reports will help you understand how business works. Most of the investor makes his mistake of not reading annual reports & just investing blindly in companies
“An important key to investing is to remember that stock is not lottery tickets”.
-Peter Lynch
Also, try to read the competitor’s annual report which will help in comparing the performance of the company. Do read Berkshire Hathaway’s annual report where Warren Buffett explains how he invests in companies.
4. Interview & lectures
Many famous investor & fund managers appear on Business news channels where they talk about their investing philosophies & strategies which would be tremendously helpful for your investing journey. Investor & Businessman’s usually present their presentation to their investors or college student wherein they cover different topic’s which can be helpful as well. For Example - Mohnish Pabrai, PPfas Mutual Fund, Ivey Business school, etc.
5. Blogs
If you are serious about investing & love reading. You can read blogs like Fundoo Professor, Safal Niveshak, GetMoneyRich (GMR), Trade Brains, etc. in India. Sven Carlin which I follow outside India, but there are many interesting blogs one can read.
6. Newspapers
Newspapers are good for staying updated with the market. But for beginners, it can be confusing. Day-to-day news about a company is useless as in a day company can never be formed so getting out of business is also difficult.
Amazon.in (For India)
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