Master the basics of stock investing? Easy. If you want to learn how to profitably invest in stocks, this is the book for you. This updated new edition of Stock Investing For Canadians For Dummies offers straight answers and simple advice for any Canadian who wants to take control of his or her portfolio. With practical guidance on making wise investments in any market--even today's uncertain one--this plain-English guide covers unique investment segments, how to invest in different market situations, and real and recent examples on what to invest in and when. With fully updated references and resources, this is the perfect stock investing guide for beginners.
Updated to include the latest information on the current stock market, as well as fresh case studies Written by expert authors--one an accountant and the other a certified financial planner and investing consultant Ideal for novice investors and those planning for retirement
Andrew Dagys, CPA, CMA, is a professional accountant and the bestselling author of more than a dozen books, including Dummies books on investing, financial planning, and small business.
Really good reference guide for the beginning investor. Read several chapters but I'm putting it down for now since I want to look into a broader scope of investing outside of just stocks to get a better understanding of what's right for me. Really surprised how much my husband got into it though- the amount of research he's doing about stock investing is intense and it's getting his finances back on track. It's really surprising since he was so apathetic about personal finance previously since he believes (believed?) our current currency is not to be trusted.
Gives an overview on a variety of topics in investing. The chapter on crypto currency you should skip. It shows how this area was outside the authors realm of knowledge and gives terrible suggestions such as using Quadriga as a recommended crypto exchange in Canada. For those who don't know, that exchange went viral as the CEO mysteriously went missing in India leaving with millions missing lol.
At the time of reading I was new to investing, had no knowledge of the stock market and was eager to learn. After a week of reading it out and taking notes, it significantly improved my stock market knowledge and gave me a great basis of understanding. This book is not going to make you rich, and it isn't the only book you should use while considering how to invest, but it was an amazing building ground as a beginner. After reading this book I understood the terminology, the different kinds of investments and had a deeper understanding of the stock market in general. I'd recommend to any beginner investor, preferably the updated version that had a part on robo-advisors!
Things I learned from this book: What is meant by a business' "market capitalization". Basics of what the terms "fundamental analysis" and "technical analysis" refer to. The power of dividend reinvestment plans, direct purchase plans, dollar cost averaging, etc.
If you already know these things, (not me before I read this) this book is probably not for you.
The author of this book not so subtly hinted at precious metals being a relatively safe investment at several points. Today a YouTube video of Warren Buffett claiming an investment in gold is an investment in the fear people have within them and nothing else has changed my mind. He also claimed an investment in a farm (or a company) is an investment in productivity and the human spirit. These two facts, coupled with the falling price of precious metals in recent times after an insane rise, has changed my mind about investing in commodities. Gas is at less than a dollar a litre in Toronto for the first time in forever. (I hear OPEC is putting the squeeze on tar sands producers by supplying excess oil). I would view buying gas at this cheap price, putting fuel stabilizers in it then waiting as being ethical as the gasoline has value to you; you can use and consume it in your car, lawnmower, weed whacker, etc. Gold on the other hand has no utility to you. You can only hope to "gain" from it by selling it to another person at a higher price.