gregorygarver.com

[jimmy]

hi i am jimmy, 23 years old, engg graduate.well i want to know how to have financial intelligence or financial aptitude.-I wanna invest in shares-stock markets, investments, mutual funds, or real estate and for that i wanna have thorogh knowledge how the market works ?please tell me what should i know. and do i need to read books on how to become aware fr investing ***I DONT know ANYTHING ABOUT COMMERCE, **i am totally unaware but i really wanna know so tell me the basics and*please suggest some books if i need to or some links you think would be appropriate to have sufficient knowledge which a person must have so as to start such that i be able to judge how to invest where and when.***i am a MECH. ENGR. so you can just have an idea that i really lack in financial education.but i am interested in investments, shares, realestate!!i really wanna knw and wanna be part of this game......please suggest . i'll be highly grateful to you!!

[ronmac60]

The simple answer is that FIRST you have to crack some booksThere are lots of free tutorials on the web and lots of books and tapes offered for sale.Instead I would choose you local PUBLIC FREE LIBRARY.Ask at the information desk to be shown the section for "finance tutorials". There will be dozens of booms on cash flow, financial statement interpretation, stock market science etc etc.Don't overdo it ! Choose one or two general books on business . Make notes and synopsize what you think is important.The first thing you need is to learn the nomenclature of business.It is a vocabulary all ofits own.Next you must have a thorough knowledge of a "FINANCIAL STATEMENT so that you can pick oneup and instantly know the general health of that company and predict its future, basedon the figures shown.The third step is to contact people in the investment business. Most of them are generous with their knowledge. It might cost you a few lunches but if you prepare your questions carefully you can pick their brains and learn a great deal.Finally, start a million dollar portfolio in the stock market. Pretend you have the capital. From what you have learned from your studies and from what you have read in the Finance pages of the Wall St Journal etc, begin to buy your stocks and bonds;Make graphs of you stocks. Learn when to buy, sell or hold.Look at you holdings each month. Do you still have the million or has it gown 10 % or lost 15%.?Well there's a start. Something tells me you will do well since you already know how to study andhow to organize your course of action.Good luck !.

[slavaret26609]

Jimmy,I'll be upfront: the better you are at mechanical engineering, the worse investor you are likely to be. An engineering mind wants to quantify and calculate everything, and investing is mostly about human psychology that is harder to quantify. It is inexact.Having said that, you may want to check out "Encyclopedia of Chart Patterns" by Thomas Bulkowski. He is a former hardware design engineer at Raytheon and has done an excellent job quantifying chart patterns. You may also wish to join our stock picking group at:http://finance.groups.yahoo.com/group/TradingZoom/Having some to stock traders and their picks should also help.Good luck!

[BarryR6463]

You might want to consider creating a "practice" portfolio of stocks at http://www.top10traders.com - it's free - each month the site ranks the best performing investors.