Viewing a single comment thread. View all comments

Legitimate-Source-61 t1_ixjhb6t wrote

Reply to comment by PenguinWithWings in Gimme your best investment book recommendations by PenguinWithWings

Horrible market to be a bull right now. Now is a good time to read up, learn, and look for good candidates for the next bull market.

Others I will add.... I have 100+ books...

Way of the turtle. By Curtis faith.

How to profit in bull and bear markets. Stan Weinstein

How to trade in stocks. Jesse Livermore.

They are my best 4. Good luck. I have to be thankful for what the stock market has given me over the years. OK I don't drive a Lambo but I have won more than I lost. Breakouts with a 2+ new high from Major round numbers maybe useful but not always. Let your winners run and cut your losses quickly.

2

PenguinWithWings OP t1_ixjs426 wrote

Thank you for that. And yeh that’s why I plan on investing next year. Thought I’d take the first step and buy a kindle and read books. Articles are okay to some degree but they don’t go in depth and are also written by people who aren’t the best source of information. Cancelled my pension temporarily as the pension company was losing me money so I see no point in pouring in money when I can just save it myself. Also owning a lambo is overrated, never will that ever be my goal in life. Stability more than luxury cars. A nice car would suffice.

0

Legitimate-Source-61 t1_ixkyus6 wrote

I still put in my monthly pension, the max amount that my employer matches, this is a safety net and free money. It is hard to time the market, but see it as part owning a business and there should never be a time that you shouldn't own businesses, unless it is really the end of the world (it never is). Not investment advice but my pension is diverted mostly to a US fund that has stocks in the SP500, this has outperformed the UK market over the last decade (they used to move in tandem). Sure the market is down, but usually when businesses are announcing layoffs, the business is becoming stronger as it is cutting out the dead wood. In the past when companies announce layoffs the share price jumps up meaning the market likes the news, we're not quite there yet. In my personal account I am not putting anymore in right now.

1

PenguinWithWings OP t1_ixlkcxl wrote

Thing is I qualify in 3 years time and will likely be making a lot more money at which point I can put a larger percentage of my money into my pension. Right now I need the money

1