(Part 2) Best products from r/AusFinance

Year 12 accounting will be enough to get you going. I would then suggest you focus on three themes:

(1) Financial statement analysis

(2) Valuation (https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/valuation-measuring-and-managing-the-value-of-companies)

(3) Strategy and competitive advantage (https://www.amazon.com/Competitive-Advantage-Creating-Sustaining-Performance/dp/0684841460/ref=sr_1_1?ie=UTF8&qid=1542540539&sr=8-1&keywords=Competitive+advantage+porter)

Really, there are heaps of books on these topics. Do your own research and find a few that appeal to you.

Read up on these three areas and you’ll know how to analyse companies.

I'd you are interested in property investing, give this a read:

https://www.amazon.com.au/dp/B07B9JQJQY/ref=cm_sw_r_cp_awdb_c_CY43Cb9VN7E51

To cur a long story short, Travis became a financial planner, started his own company, and has made enough money to quit at age 30 & now he's almost a doctor.

The moral is become a financial planner, not one of their customers!

http://www.amazon.com/Where-Are-Customers-Yachts-Street/dp/0471770892
The title refers to an ancient story (which the author finds is probably at least 100 years old by now) about a visitor to New York who admired the yachts that the bankers and brokers had in the harbor. Naively, he then asked where the customers' yachts were. Naturally, there were no customers' yachts.

It's not too hard to identify a debt-fueled asset bubble, which is what we have. The book This Time is Different does a good job of describing asset bubbles, where they come from and how they function.

Basically house prices are rising faster than wages are. The money has to come from somewhere so it's coming from increasing debt. Eventually servicing the debt will become impossible, some catalyst will occur, and house prices will revert to what the rent they can bring in justifies.

You could prove it's not a bubble by pointing to something like a commensurate rise in wages (which hasn't occurred), a population and demand explosion (which isn't occurring) or anything else that would justify the rise in prices beyond "they've been rising so they'll continue to rise so get in quick" group mentality.

As the title of the book sarcastically suggests, there isn't anything particularly novel about what's going on here. At some point interest rates will rise, or China or America will have a recession, or a newspaper scare campaign will happen, and then we'll revert. Predicting when that happens is tricky and could make you rich, but predicting that it will happen isn't and wont.

Warren Buffett and the Interpretation of Financial Statements
www.amazon.com/dp/B001ISOQI0

The only technical analysis that seems to have any empirical backing/research is the concept of momentum/trends. Stocks in momentum tend to keep going that direction. You can even do it with ETFs if you dont like the concept of picking stocks.

https://www.amazon.com/Dual-Momentum-Investing-Innovative-Strategy-ebook/dp/B00O2A7HKU?ie=UTF8&me=&ref_=mt_kindle

https://www.amazon.com/Financial-Shenanigans-Accounting-Gimmicks-Reports/dp/0071703071

If you want to read about manipulating statements.

1. 80/20 rule. 80% of your time will be taken up by 20% of your customers, as your company grows sometimes you need to cut them loose so they don't weigh you down and strangle your business.
   
   
2. you're not a charity, make sure your customers understand upfront what will/won't be charged for
   
   
3. I suggest reading (or listening to) 'the e-myth revisited' by Michael Gerber ( https://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280 )if you haven't already. Learn the difference between working-on and working-in your business.