Link: 10 Ways to Learn Investing for New Traders

Sep 25, 2007: 6:54 PM CST

The site “Stock Trading to Go” recently shared ten suggestions for newer traders to learn investing. Recall that trading and investing is different, and I lean far more into the trading camp, but I thought it might be worthwhile to link to a post regarding beginning investment ideas.

To be honest, it’s not a complete 10 point list, given the last two points are to “Listen to Jim Cramer” and “subscribe to the owner’s site,” but the remaining ideas are absolutely worthwhile.

Ideas include joining an online stock community, attending seminars (but not every seminar ‘will do’), finding a mentor, etc.

If you feel totally lost and are looking for a source of inspiration to get you started in the investing world, the list will have some ideas for you.

Just don’t take everything Cramer says seriously and don’t be lured in by offers that seem too good to be true.

Take it easy and learn with a solid foundation – never just ‘jump in’.

6 Comments

6 Responses to “Link: 10 Ways to Learn Investing for New Traders”

  1. Blain Reinkensmeyer Says:

    Thanks for the link man. Always watch Jim Cramer with a sense of humor about you, how else can you enjoy it 😛

  2. Charlie Says:

    I agree with you on this. I see that most of the advice is good for beginners to acquire. I do not see the benefits of the last 2 “great ways” but that’s just opinion only!

    Great work on your blog. You don’t know how much it has changed my perspective on my views on the market and actually on how I trade!

    Thanks and keep it up!

  3. Corey Rosenbloom Says:

    Blain,

    I really enjoyed your post and felt it would be useful to readers. I must confess that even I – also – watch Mr. Cramer from time to time some evenings when I get a free moment. He is rather entertaining. 🙂 It’s just that some of my friends used to call me after the show and ask what I thought about a particular idea they received from Cramer, which usually didn’t fit into my system or style of trading. It caused a lot of heated debates, to be sure! I just worry about newer or inexperienced traders watching his show and then opening an account and losing a great deal of money. I mean, his most recent book after all was entitled “Watch TV, Make Money.” It’s just not that simple.

    Thanks as well for summarizing the points on your site and of course for visiting and commenting!

  4. Corey Rosenbloom Says:

    Charlie,

    I’m with you 100%! I’m not knocking the website, because I’m sure it’s a wonderful service – that’s not my intention. I’m just trying to highlight or emphasize the largest ideas. And as for Jim Cramer, he’s definitely a controversial figure! He is an extraordinarily intelligent man, but I’m just not at ease with such a public figure who tries to make investing and trading seem so easy when it’s not. I agree with Blain that he is entertaining and we need to keep humor in our trading as much as possible, but I just know people take what Cramer says to heart and rush out the next morning and invest on the stocks he touted, and that’s just not the best way to invest (by relying on another individual).

    But it does provide some classic entertainment and turns people on to investing when they otherwise might see what we do as “boring, stuffy” or whatever they believe.

    Thanks!

  5. Blain Reinkensmeyer Says:

    Well made points, I could have highlighted the “entertainment” value of Mad Money more, if anything it is a good change up from the reading and straight seriousness. I still #10 is solid though and my personal favorite, but then again I am biased 😉

  6. Corey Rosenbloom Says:

    Blain,

    I really enjoyed your post and felt it would be useful to readers. I must confess that even I – also – watch Mr. Cramer from time to time some evenings when I get a free moment. He is rather entertaining. 🙂 It's just that some of my friends used to call me after the show and ask what I thought about a particular idea they received from Cramer, which usually didn't fit into my system or style of trading. It caused a lot of heated debates, to be sure! I just worry about newer or inexperienced traders watching his show and then opening an account and losing a great deal of money. I mean, his most recent book after all was entitled “Watch TV, Make Money.” It's just not that simple.

    Thanks as well for summarizing the points on your site and of course for visiting and commenting!