Lux Investing

21 yr. old, where can I find good info for learning about investing money?

I'm just looking for a good website or book to educate myself on investing money, something simple like a dummies guide or a beginners book.

Public Comments

1. I just started reading a book by CNBC's Jim Cramer about investing. Its a good read for a beginner.
2. Hi, I think those books would be very useful. And please note there is nothing simple. Market Wizards by Jack D. Schwager; Technical Analysis by Jack D. Schwager; Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter; Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris; Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill M. Williams; New Trading Dimensions by Bill M. Williams Trading Chaos II by Bill Williams – Maximize Profits with Proven Technical Techniques by Justin Gregory-Williams and Bill M. Williams Most profitable business is trading shares or forex. Why don’t you start your own forex or shares trading? I could introduce you to one brokerage company in Austria that allows to trade online from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available; spread from 1 pip. If you open trading account under my referral I provide you for free with trading techniques that I successfully use for several years. Currency (forex) trading is attractive because it is very high income and you could trade from any place in the world and at any time from Sunday night to Friday night. So you could create really huge income. If you are interesting and/or have any question please pm or e-mail me (press on my name) and I provide you with further information. Good luck!
3. Why don't learn how to trade currencies? Dr. Alexander Elder and Cornelius Luca have some great books on trading. And on www.oriontrading.org you will find great trading course. Their basic course is even for free, but to increase your results you got to take the advanced course as well. (It is nice to see that it is smart people out there who understand that they need to educate them self instead of just gamble. Good luck brother.
4. Congratulations on attempting to learn investing at such an early age. Let me share with you a little rule that Albert Einstein once claimed was "the greatest mathmatical discovery of all time". It is called the Rule of 72. It is pretty simple... If you take an interest rate and divide it into 72 you get the number of years it will take your money to double. For example, lets say you have $40K to invest if you were to get an interest rate of 12% your money would double every 6 years. So your 40K would turn into 80K in 6 years, 160K in 12 years......and $1,280,000 in 30 years. Keep this rule in mind as you make your investment decisions and you will do quite well. As to what areas to invest in. The stock market has done quite well for the past couple of years and mutual funds allow you to diversify your portfolio. Personally, I have been having the greatest amount of fun and success in the foreign currency market.....Forex. What is really nice about Forex is that you can open a practice account while you are learning and not risk any of your money. In fact I am assembling another Trading Team to evaluate some Forex trading strategies. You would be most welcome to join the team and learn along with us. Just drop me a line if interested. Best wishes for a prosperous 2007! Paul http://www.teampip.com