Monday, January 01, 2007

Blog Review: The Top Five Blogs For A New Investor or Trader

One of my goals in starting this blog was to help new investors save some time in trying to figure out what is helpful and useful. For the last couple of days I have been reviewing my performance for 2006 and I am humbly pleased with my first year investing. What does that have to do with helping other new investors? If you find yourself where I was last year at this time, starting out with no real sense of what it is you want to do or how to do it, I am going to hopefully give you a head start and tell you how I was able to acheive what I did this past year.

Read. A lot.

Now I am not trying to be coy and I am not saying that you have to read everything that I do or did. What I am saying is that in my opinion much of my first year success can be attributed to reading. Of course that does not really help you because there is a lot to read out there. Therefore, I will narrow it down a bit by giving you five must read blogs.

Now do not get me wrong, there are a lot of great blogs I read. Some blogs are a lot of fun to read like Tale of the Tape, Trading Goddess, and Wall Street Fighter. Other blogs provide great insight into how individuals go about investing and trading like Value Discipline, Trader Feed, Maoxian, Kirk Report, Trader X, and Ugly Chart. Still other blogs are great because they provide daily commentary or links like Daily Options Report, Abnormal Returns, The Learning Curve, and Jeff Matthews. Pretty much any blog you find on my blog roll can add something of value that is why they are there. But there are a few blogs out there that are really special.

They are special because I have found that if you are new and willing to learn they will teach you what you need to know to be successful. In fact I have no reservations in stating that my success this past year was because of what I learned on these five blogs. You will notice that the selected blogs cover the gamut of investing and trading styles, from deep value investing on one end of the spectrum to day trading on the other. Do not let that put you off. They all provide value no matter what your style or time frame.

Consequently, if you find yourself where I was last year, never having bought a stock, never reading any book on the stock market, pretty much having no clue, than all I can say is that if you go to each of these five blogs and read every thing related to the stock market, you should have no problem holding your own. It worked for me.


Here are the Blogs in chronological order as I discovered them:

Honorable Mention

Shai Dardashti on Grahamian Value. This was the first blog I found and one of the best. It is no longer an active blog with fresh posts and that is why it is an honorable mention. Thankfully a new investor can go and read the old posts which provide a solid introduction to value investing.

1. Geoff Gannon: Gannon On Investing

As I detailed in my blog review, Geoff's blog is simply outstanding.

2. Bill Rempel: Nodoodahs Investing

As I detailed in my blog review Bill is "wicked smart" and it shows on his new blog and his old one here.

3. Bill Cara: Capital Markets & Social Equity

As I detailed in my blog review Bill Cara provides an invaluable resource to a new investor wanting to learn how to invest and trade.

4. Michael Seneadza: Trader Mike

Trader Mike's blog pretty much provides it all. Short term, long term, chart analysis, book reviews, educational links, reviews of trading tools; you name it Mike seems to provide it.

5. Howard Lindzon: Trends - Find Them, Ride Them, and Get Off

Howard Lindzon provides a good understanding of what a trend is and why one should not be afraid. It may sound like an easy concept, but to a new investor it makes all the difference in the world.

That is it. Read the above blogs and I think you will be just fine. Obviously it will not hurt to read investing/trading books, business magazines and newspapers, and anything else that has value. But if you want to know what I focused on and what helped me the most this first year, then go read everything on each of the above blogs.

16 comments:

Anonymous said...

Thanks for the mention. Had a great time reading all the blogs you mention. Here's to a great 2007.

Anonymous said...

Steven,

Thank you for telling us, your adoring fans, to go read. LOL!

Although I read vicariously through you, I will do as you say and visit those links.

Thank you for all that you do, btw!

You are one of few, that indeed care about the new investor and I find that more than admirable!

I thank you for that, as I myself, have learned a lot from you in just the couple of months I have been harassing, errr, ummm, visiting your site.

It is terrific to know that you will be "with us" for another year! :)

Congrats on your gains!

Keep up the good work!

Michael said...

Steven,

Thanks for the kind words about my site. Happy NEw Year and good investing to you.

Anonymous said...

Thanks for the kind mention of Value Discipline! Have a healthy and prosperous 2007!

Rick

Anonymous said...

Happy New Year! Thanks for the mention. Great idea to do a blog round up. Looks like I read the same ones you do. Good luck in 2007!

Howard Lindzon said...

Number 5 - please .... :)


Thanks dude

Anonymous said...

Any comments on my fresh value investing blog? I don't yet have much material available, none of which is targeted for beginners, but the situation might improve in the future.

Happy new year to everyone, it seems there's plenty of interesting material for me to read!

Best regards,
Mikko

Steven said...

Mikko: Looks like a good start, I put you on my blog roll.

NO DooDahs said...

Thanks for the link love, dude! Happy to know that what I'm writing is helping someone!

Steven said...

Bill: No problem, you might want to thank Trader Mike he gave me a link which drove most of the traffic.

Thanks Mike

Scott Neptune said...

Another great resource for investors looking for tips that would otherwise cost an arm and leg is TheStockAdvisors.com. Steven Halpern, who used to be the editor for MoneyShow and The DickDavis Digest takes content from tons of premium newsletters like Forbes and Marketwatch, and pulls out hot picks on a regular basis. It is a site I check everyday because you just never know and it doesnt hurt to see what the pros are looking at. They also just released a free report that compiles over 100 of the top picks for 2007 from a bunch of newsletter editors. As a subscriber to many different sources of content, this site is right up my alley.

Norma said...

Thanks. I'll take a look.

Anonymous said...

Gosh - mine is the only place where you can find the Magic Coin that predicts the market better than Cramer and you left me off the list. (Probably because I'm on a different list - someplace else - yeah - that's it - someplace else).

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