Investing books worth reading

[RandomNY]

Here are a few books that everyone should read before starting buying and selling stocks.

Here are books that I have read(or are reading currently):
None of these books are expensive to buy, $25 and under new.

William O'Neil's:
-------------------
"How to Make Money with STOCKS, a winning system for good and bad markets"

Stan Weinstein's:
------------------
"Secrets for Profiting in Bull and Bear Markets"

Gary Kulbaum's "Investor's Edge"
--------------------------------------------------

Books I'm currently reading:

Jim Cramer's "MAD MONEY",(worth reading, but it's a shame that he has become a character on TV. I watch his show everynight, and I have seen him recommend stocks that he wouldn't if he was following what he says in his book, very entertaining but I wouldn't follow his buy recommendations.)

Mary Buffett's "Buffettology"(Mary was married to Warren Buffett's son, she is writing the book about WB's investment style)

Investing for Dummies(the stalwart of basic information for people starting out)(I'm not reading this book by the way)

[Roche]

"Your Money or Your Life" is a good one. Some of it is filled with hippy nonsense, but the first few chapters are great for getting your financial life organized and putting the process of spending/saving into proper perspective.

[RandomNY]

Welcome to the board Roche...

Thanks for the suggestion.

[Mr. Ray]

How about "Options as a Strategic Investment", by Lawrence G. McMillan? It's NOT lite-reading like 'investing for dummies' but will give you a really good understanding of option contracts, combos, leaps, percs and futures contracting overall. The book is about $50. Of course an alternative action is to hire someone that can help you with your option strategies! It's more than $50, but chances are they have studied it more than you... and they've read the book already!

[RandomNY]

I read a basic book on starting with Options. I doubt many people reading this forum will be advanced enough for options or futures, but it's a good suggestion anyway Mr. Ray.

[Mr. Ray]

Options are over most people's heads, RandomNY. Then again, investing is over most people's heads too, but learning about it can be fun and exciting when you get to knowing what you're doing.

I don't take Jim Cramer's recommendations too seriously either, but I would like to point out one good thing about Cramer though. Some really good advice that he gives for individual stock traders is to only buy what you can dedicate 1 hour per day to look at. In other words, if you work 9-5 and have more than a couple of individual stocks in your self-directed portfolio, you are not helping yourself really save any money. One should be able to monitor and research their entire portfolio by dedicating time to it. Your exposure to something going 'wrong' on an individual stock is very high for the average do-it-yourselfer. Option strategies are something that can help manage that risk.

[Mr. Ray]

http://www.financialarmageddon.com

[RandomNY]

Thanks for the recommendation Mr. Ray I will look into deleting that post you asked about.