Sunday, September 27, 2009

The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market

You can read about the book here.

If you did not do any finance, I think this book is a close as it gets to a textbook. A very useful book in the sense that it teaches you how to read a financial statement. Costs close to $30.00 but it is hard to find at the library.

The approach to stock picking is even more metric laden than Peter Lynch and it is little wonder due to them being from MorningStar. Morningstar has an impressive portfolio analyser and stock screener for American citizens.

What I like about the book is that the back section of the book features a run through of the different sectors available and what are the metrics to look out for.

What I do not like about it is that it is too technical in approaching stock picking. I think there is nothing wrong to that, just that this method is suitable if you subscribe to Morningstar and are an American Citizen or someone who wishes to invest long term in American companies.

Overall, I would still recommend buying it and putting it on the shelf as it is a relatively good reference when it comes to reporting season.

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