Reddit mentions of Beating the Street

Based on your questions and lack of knowledge, keep your money in a savings account. Spend a couple of months learning about investing, how to read financial reports, how to decipher an 8k and 10k report. I don't mean this to be condescending, but if you start investing now or in six months, there will be almost no difference in your earnings, but there could be a huge difference in your losses unless you take some time to learn about the various investing methods, theories, and the actual hows and whys.

Start reading Peter Lynch's One Up on Wall Street, Beating the Street and Learn to Earn.
Each brings different things to the table. Again, please take no offense, but Learn to Earn is probably where you should start. It's aimed at teens/young adults learning about investing for the first time.

I'd recommend hitting up the library for these. When you get to the library, you'll find shelves of books on how to invest. Some are useless and others really good. Read a few chapters in each. If you have questions, run it by this board. There are plenty of people here who are more than happy to share their mainly educated opinions. And the good thing about reddit is that if one of us says something wrong, others are quick to correct or offer their two cents.

I'd also recommend The Millionaire Next Door, The Black Swan and the Richest Man in Babylon. while these last ones aren't how to invest, they are books about why and how we invest.

I'm a Taleb groupie and read everything by the man. I loved Black Swan, and also loved Antifragile: Things That Gain from Disorderso you may want to try that one when your reading pile dwindles.

Keep saving, but take your time investing. Learn the basics, stick your toe in and then take the plunge.

Here's a short list of what I would consider the cream of the crop as far as fundamental analysis books for a beginner:

Beating the Street

One Up on Wall Street

F Wall Street

Financial Times Guide to Value Investing


Getting Started in Value Investing

And of course

The Intelligent Investor

• The Intelligent Investor - Benjamin Graham
  
  
• Security Analysis - Benjamin Graham
  
  
• The Interpretation of Financial Statements - Benjamin Graham
  
  
• Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports - Howard Schilit
  
  
• Applied Value Investing - Joseph Calandro
  
  
• Analysis for Financial Management - Robert Higgins
  
  
• Margin of Safety - Seth Klarman
  
  
• Common Stocks and Uncommon Profits and Other Writings - Philip Fisher
  
  
• One Up On Wall Street - Peter Lynch
  
  
• Beating The Street - Peter Lynch
  
  
• The Essays of Warren Buffett - Warren Buffett
  
  
• Snowball: Warren Buffett and The Business of Life - Alice Schroeder
  
  
• Buffett Beyond Value - Prem Jain
  
  
• Value Investing: From Graham to Buffett and Beyond - Bruce Greenwald
  
  
• You Can Be A Stock Market Genius - Joel Greenblatt
  
  
• The Little Book That Beats The Market - Joel Greenblatt
  
  
• The Big Secret for the Small Investor: A New Route to Long-Term Investment Success - Joel Greenblatt
  
  
• Reminiscences of a Stock Operator - Edwin Leferve
  
  
• Fooled By Randomness - Nassim Taleb
  
  
• The Black Swan - Nassim Taleb
  
  
• Poor Charlie's Almanack - Charlie Munger
  
  
• Rediscovered Benjamin Graham - Janet Lowe
  
  
• The Theory of Investment Value - John Burr Williams
  
  
• Seeking Wisdom: From Darwin to Munger - Peter Bevelin
  
  
• Security Analysis and Business Valuation on Wall Street - Jeffrey Hooke
  
  
• Value Investing: Tools and Techniques for Intelligent Investment - James Montier
  
  
• Investment Valuation: Tools and Techniques for Determining the Value of Any Asset - Aswath Damodaran
  
  
• The Dark Side of Valuation - Aswath Damodaran
  
  
• Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports - Thomas Ittelson
  
  
• Buyout - Rick Rickertsen
  
  
• Influence: The Psychology of Persuasion - Robert Cialdini
  
  
• Why Smart People Make Big Money Mistakes: Lessons from the New Science of Behavioral Economics - Gary Belsky
  
  
• The Warren Buffett Way - Robert Hagstrom
  
  
• The Most Important Thing - Howard Marks
  
  
• Competition Demystified - Bruce Greenwald
  
  
• Accounting For Value - Stephen Penman
  
  
• Distressed Debt Analysis - Stephen Moyer
  
  
• Bankruptcy Investing - Ben Branch
  
  
• The Vulture Investors - Hilary Rosenberg
  
  
• Creating Value Through Corporate Restructuring - Stuart Gilson
  
  
• Distress Investing - Martin J Whitman
  
  
• The Aggressive Conservative Investor - Martin J Whitman

Second GPP won these playoffs. Didn't win during regular season but developed a good cash game grind. Started in December getting my ass whooped for 30 days straight. Developed my process. Looking to get better, want to be a top DFS player. http://imgur.com/cElzZZD


Here is some helpful guides

Better decision making http://www.gsb.stanford.edu/insights/conquering-complexity-simple-rules?utm_source=facebook&utm_medium=social&utm_content=05012016&utm_campaign=gsbbrand

Haralabos https://twitter.com/haralabob?s=09
Lowe Check out : https://twitter.com/ZachLowe_NBA?s=09

Bballbreakdown http://bballbreakdown.com/

Great book on how become a stock picker totally applies to dfs Check out
http://www.amazon.com/Beating-Street-Peter-Lynch/dp/0671891634

Team blogs
http://www.sbnation.com/blogs

This guys article http://www.fantasylabs.com/articles/charlize-theron-fantasy-debt-and-the-proper-valuation-of-designated-hitters/

Podcasts 1
http://pca.st/YuLB

Podcasts 2
http://pca.st/8dO6

Over at /r/ukpersonalfinance we have a small "recommended reading" list that's worth looking at.=: http://www.reddit.com/r/ukpersonalfinance/wiki/faq#wiki_recommended_reading

> Intelligent Investor - Benjamin Graham
>
> This book was written by the father of "value investing", and the mentor of Warren Buffett, who is widely accepted to be the world's most successful investor.
>
> It was originally published in 1948, but Ben Graham updated it periodically over the years, and it stands as true today as it ever has.
>
> Beating the Street - Peter Lynch
>
> Published in 1994, this is arguably showing its age more than Intelligent Investor. Either way, valuable reading from one of the best managers of money in the past few decades.
>
> Naked Trader - Robbie Burns
>
> Subtitled "How anyone can make money trading shares", this is an entertaining, tongue-in-cheek account of one financial journalist's attempt to quit his job and make £1,000,000 using a short-to-medium term trading strategy. Not very scientific, but an interesting counterpoint to the previous recommendations.
>
> Smarter Investing - Tim Hale
>
> The ultimate counterpoint to attempting to "beat the markets" - after spending 15 years working in active fund manager, Tim Hale concluded that the best outcomes for most investors in most situations would be a simple portfolio of "passive" investments (that is, funds which attempt to track a market, rather than outperform it). This style is favoured by the likes of Monevator, and many of the subscribers here.
>
> Berkshire Hathaway's annual shareholder letters - Warren Buffett
>
> Not a book, but a series of essays over the years from the world's most successful investor. Makes interesting reading! Notably, the 2014 letter (not published in the above link but published here in abridged form) implies that he now feels most investors would be best served by low-cost trackers.
>
> The Financial Times guide to investing - Glen Arnold
>
> A great starter guide, going from the very basics (why businesses need shareholders) to more in-depth explanations of different types of investment, and step-by-step guides on how to execute trades.
>

You may not have been alive fifteen years ago.

But if you like to read "personal finance"....you really NEED to read these.

Peter Lynch

https://www.amazon.com/One-Up-Wall-Street-Already/dp/0743200403

https://www.amazon.com/Beating-Street-Peter-Lynch/dp/0671891634/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=


Andrew Tobias

https://www.amazon.com/Only-Investment-Guide-Youll-Ever/dp/0544781937/ref=sr_1_1?s=books&ie=UTF8&qid=1466002617&sr=1-1&keywords=andrew+tobias

If you're serious about retiring early then learn to do the math and invest.

Phil Town's Rule#1 is a decent start, supplemented with foundations from Peter Lynch's Beating the Street, motley fool website.

Obviously don't accrue any debt during this time and continue to save.

Live FAR below your means.

/good luck

> I want to stick with mutual funds though

Only you can decide what's best for you. Try to stick w/ no-load funds.

> I think individual stocks are too risky

If you're trying to time the market, then, yes, you will lose money. If you become a day trader, you will lose money. But, do not be afraid of individual stocks. The goal is to accumulate stocks without selling them and to buy more during dips. The stock went down 10%? Buy more. It went down another 5%? Buy more. You have time on your hand. Diversification is key. Think long-term and be patient. One of Buffett's idioms is: "No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant."

If you're still convinced about Mutual Funds, I recommend you read a book by Peter Lynch, a famed Fund manager. It's Beating The Streat. It's a book written in the mid-90's, but, the info. is very much current.