A while ago I started to work as a software engineer for a company in Hannover. I spend about one hour per day on trains between Hannover and Hildesheim. My father sent me some cash for getting a new car. I got car magazines, did some homework and made a schedule with a car dealer. One day prior to the schedule, I saw a diagram showing the recent price history of DAX: a very sharp drop from 8000 points to almost 6000 points within several months. Suddenly I had a vague feeling that there might be a good chance in the stock market. If I don’t start investing now, then when? So, the car-dealer schedule was canceled. About a dozen books on financial analysis and stock market investing were ordered. Two German local financial magazines were subscribed. I read them when I ride trains, everyday.
It is a wonderful trip with these books and magazines. They are still guiding me all the way towards the personal finance freedom. I’d like to take some notes about the sceneries along the road. Hopefully the notes can help myself distill and sort the most important information in the books and mags. I’ll be glad if my notes could also help people who are interested in managing her/his own not-so-big or even tiny assets.
Literature list:
- Jack D. Schwager: Market Wizard: Interviews with Top Traders
- Jason Kelly: The Neatest Little Guide to Stock Market Investing
- Benjamin Graham, Jason Zweig, Warren E. Buffett: The Intelligent Inverstor
- Peter Lynch: One Up on Wall Street
- Philip A. Fisher: Common Stocks and Uncommon Profits
- Pat Dorsey: The Five Rules for Successful Stock Investing
- Gerald I. White, Ashwinpaul C. Sondhi, Dov Fried: The Analysis and Use of Financial Statements
- Financial Times
- Wall Street Journal
- Wheel’s blog: notes of Mr. Sengchi Lin’s radio program “Law of Investing”.
- …
While I was writing this entry and dreaming of $$$…/€€€…, Dirk was watching this video:
[...] Kelly is an excellent demonstration of the sin of high tax. I mentioned Jason Kelly’s book in a previous entry. His English is amazingly expressive without too much fluff. Jason is surely highly talented in how [...]
[...] Ellen’s FA study note 0: travel towards a wonderful world on trains [...]
[...] Ellen’s FA study note 0: travel towards a wonderful world on trains [...]
[...] Ellen’s FA study note 0: travel towards a wonderful world on trains [...]