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Originally Posted by lewdog
Yea this is all new for me and I could really use some basic education on what is available to me. Any good resources you would recommend besides the one you listed?
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If you only read one Kiyosaki book, read "Cashflow Quadrants", then if you like it "Guide to Investing" I think it's called. His most popular on is "Rich dad, poor dad", but I thought it was too repetitive and anecdotal.
I also like Jim Cramer, again a controversial figure. I haven't read his books yet, but intend to. I watch Mad Money sometimes and like his attitude. I also like the way he breaks down stocks and does a comparative analysis between two similar stocks to show why he feels one is superior to the other. He advocates focusing on a few investments and doing lots of research. If you can't spend the time to know what your money is invested in you probably shouldn't invest it in anything other than money market accounts or mutual funds.
I'm almost completely out of stocks in my retirement funds because I'm really not sure where things are going in the short term, but I think there will be a large correction in the markets before I "miss" anything. I also don't have a lot of time at the moment to put into research.
Personally, I don't like using investment advisors either. As Dane alluded to earlier, you don't get really qualified people to advise you unless you have $500k. Even then they tend to just follow a set of "rules" that everyone goes by. They aren't really offering much insight into what constitutes a good investment, they really only talk about categories of investments. I prefer to go my own route and learn along the way.