The latest book I’m reading “One Up On Wall Street” is a great read, I’m not quite done of it yet with about 100 pages left, but it’s a great companion book to my other favorite finance book “The Wealthy Barber”.
The reason that I like it so much is that it fills in the gap in how to research a great company and gives great explanations as to what some of the confusing terms are when you’re looking at a stock. I will do a bigger review later on, but I though i’d comment on the fact that most people (including myself) will do more research into that new laptop or iPad or whatever before we look into the ‘hot tip’ of a stock company your boss just told you about, or the extremely undervalued company which is on sale right now and about to move higher.
With the Internet at our disposal, investors are armed with almost too much information. You can research and develop ideas on absolutely everything, from the latest technology put into the 4g iPhone to nuphedragen reviews or some other drug you want to use to lose weight:P
The point I guess I’m trying to get across is that before you go and invest in a stock or any investment. Do your homework. If your goal is the “long-term”, than it makes sense to spend at least a “short term” researching what you’re investing in.