Books :)

I realise that we haven't begun a book thread (well not yet anyway!) but just wanted to share what I do when I come across a great read. As I tend to be a night owl reader I have recently got into the habit of keeping a pad and pencil beside my bed for those truly inspirational thoughts that always pop into my head at this time! I also find just after waking that something usually commands my brain attention and it helps to jot it down before getting on with the "busy-ness" that constitutes the mad Parker household.

I tend to also write down notes in pencil on the side columns and revise it later, even sometimes summarising particular good reads for my own use. I once listened to and summarised the entire Jenman course (on something like 16 tapes) on a car trip to Qld, and it's amazing how writing down what you're picking up can be retained so much more easily.

Anyone else got any reading tips that they've found useful or enlightening?

Jacque

"Anyone else got any reading tips that they've found useful or enlightening?"

Just a few to start with ...

Don't Sign Anything! by Neil Jenman ....it's about how to protect yourself from the tricks and traps of real estate.
Take On The Street by Arthur Levitt ....it's about what Wall Street and Corporate America don't want you to know
Naked Among Cannibals by Graham Hand ....it's about what really happens inside Australian Banks ( corporate greed in the banking industry, transfer pricing, speculation & manipulation, funny money e.t.c...)
Reminiscences of a Stock Operator by Edwin Lefevre .... this book is a true classic and is one of the most highly regarded financial books ever written ....

Enjoy reading...

I just though I would post my opinions of some of the books out there (and in my shelves)

Rich Dad Poor Dad Robert Kiyosaki Basic Investing mindset, Good Debt vs. Bad Debt - Reid CIT recommends for ALL business study students V. Good

Cashflow Quadrant Robert Kiyosaki Explains difference between working for money and having money work for you Good

Guide to Investing Robert Kiyosaki Describes risk vs. reward Good

Rich Kid Smart Kid Robert Kiyosaki 12 Geniuses - Emotional Intelligence, different ways of learning Good

Retire Young, Retire Rich Robert Kiyosaki Importance of Continued learning and reaffirmation of mindset Good

Who took my money Robert Kiyosaki Importance of maintaining control over your investments and improving the speed of your investment returns Good

Think & Grow Rich Napoleon Hill Importance of Positive Mindset in Daily Life and Investing. Daily reaffirmation of goals Dated text but Excellent

Secreats of the Millionaire Mind T. Harv Eker Mindset of the millionaires and invetors V. excellent

Powerful Changes John Burley Mindset, how to become financially free, using change positively V.Good

0 to 130 properties in 3.5 years Steve McKnight Explains importance of positive cashflow V. Good

$1000000 in property in 1 year Steve McKnight Explains that cashflow is not bought, it is created. Problem + Solution = Profit V. Good

What I didn't learn at School but wish I did Jamie McIntyre Good starter - Financial Planning, Real Estate, and Share Options Good

Investing In Residential Property Peter Waxman Australian Property market explained. Technical analysis. Excellent

$10 Million Property Portfolio in 10 Years Peter Spann Outlines the Buy, Rejuvenate and Hold strategy, and Buy Rejuvenate and Sell strategy Australian based investor. V Good

Building Wealth through Investment Property Jan Somers Outlines the Buy & Hold strategy V.Good

Positive Cash Flow Property Margaret Lomas Explains importance of positive cashflow, and how to locate it Good

Real Estate Riches Dolf de Roos Benefits of Real Estate as Investment vehicle Good

The E Myth revisited Micheal Gerber Work ON the business not IN the business V. Good

Instant Cashflow Brad Sugars Ideas on how to increase the cashflow of your business Good

A Beginner's guide to small business in Australia Lance Chambers Business Management Good

Beating Debt and Increasing Wealth Peter Switzer Financial Management V. Good

The Automatic Millionaire David Bach Financial Management and saving Excellent

Making Money Paul Clitheroe Financial Management and Different Investment Vehicles. Ok

Few more :

The Warren Buffet Way - by Robert G.Hagstrom, Jr
Fast Money 4 - by Edna Carew
One Up On The Wall Street - by Peter Lynch with John Rothchild
The New Market Wizards ( Conversations With America's Top Traders ) - by Jack D. Schwager

One more :
Mr.China - by Tim Clissold ; The real story about a Wall Street banker who went to China with $ 418,000,000 and learned the hard way that China doesn't play by Western rules...

Can anyone provide feedback on the following list of books to start investing directly in shares market. Any more suggestians will be much appreciated.

Title
Author
ISBN

Top Stocks 2006
Martin Roth
0731403452

The New Buffettology
Mary Buffett, David Clark
0743231988

The Business of Share Trading
Leon Wilson
0701637730

How to Beat the Managed Funds by 20%
Dale Gillham
0646446398

Masters of the Markets
Matthew Kidman, Anthony Hughes, Geoff Wilson
0731402944

Thank you very much.

Maverick,

Unfortunately I am not familiar with those books / authors which you posted above.
They are mainly for fundamental traders / investors.

My suggestion is this : read books written ONLY by pro traders who are making living out of trading / investing.
Follow this link :http://www.invested.com.au/forums/showthread.php?t=361 and you'll find few positions ( suitable for beginners & advance traders / active investors ) which I posted some time ago on this forum.
Happy Hunting....

The New Buffettology is awesome. It's definitely not a trading book though - if that's what you're looking for. I've heard (but haven't read it yet that One Up On Wall Street by Peter Lynch is great too.

Mark

One Up On Wall Street is a good reading.
But I'm not sure if this book alone can be used as a learning " tool ".

Interesting book for serious traders/investors.

Dr. Brett Steenbarger - " The Psychology of Trading ".
Dr. B.S writes that money management in not only a tool for preserving trading / investing account but is also very important tool for psychological mastery.... The Trading success in the market depends on a strategy for emotional risk management in addition to market knowledge.