You can find a lot of good investment advice on the net, most of it is available for free.
Here, we summarize the sites most useful for the novice investor.
|Investment Basics||Start with this eye opening basics tutorial, on the Motley Fool web site. It is one of the better sites that offer the novice with much needed advice. It is very good, and required reading|
|13 Steps to Investing||Follow on with these 13 Steps, also from the Motley Fool.|
|EduStock||Learn what the stock market is, and how it can work for you. Includes tutorials on how to pick good stocks, and a simulated stock trading game.|
|Yahoo Finance Contest||This is an investment game that is real in every aspect, except for the money. You receive 100,000$ in fake money, then you try your wits by investing it. At the end of the investment, several winners are announced and and receive (real) prize money. It is a very good vehicle to introduce you to the market without risking anything.|
|ETrade Investment Game||Another investment game that runs periodically.|
|Questions about Investment||Before you start investing, ask yourself these questions.|
|Tips for Online Investing||What You Need to Know About Trading In Fast-Moving Markets.|
|Investing 101||On the Smart Money web site, you can find the Smart Money University. Start with these set of courses.|
|Online Stock Trading - in Arabic||If you know Arabic, and if you are more comfortable with it, then check this web site which sells an educational book that explains in a simplified way Stock Trading on the Internet in the American Stock Markets. The book also provides hints and tips for strategies on Electronic Investing.|
|Principles of Islamic Investing||Dow Jones University has this online course taught by well known and respected scholars and experts in the Muslim Investment arena, namely, Justice Muhammad Taqi Usmani, Dr. Mohamed Elgari, Sh. Yusuf Talal DeLorenzo, and Rushdi Siddiqui. You can also view the course outline, and even take the Online Quiz. Cost is 59$ payable by credit card.|
Now that you know the basics from the above tutorials, and (hopefully) convinced that stocks are the way to go, delve right into how to select stocks and what criteriato choose.
|Strategic Investing|| Again on the Smart Money web site. you will find more details here on how to select Stocks, and then Screen those stocks against your criteria, and much more.
Here you will also find lots of definitions on all the mystery terms that you keep hearing about (P/E ratio, Dividend/Yield, ...etc.)
|Investor Learning Center||This Canadian site aims to be a source for unbiased financial information and investor education. This site will close by December 2004, and prior content can be viewed at the Way Back Machine.|
Now that you are a seasoned investor, and know the ins and outs of the market,you can start looking at some advanced stuff.
|IPO Resource Page||Hosted by the Anderson Graduate School of Management at The Univesity of Californa at Los Angeles (UCLA), and written by Ivo Welch, Professor at the Finance Department. Describes all you need to know about IPOs. My personal advice: If you are just starting investing, avoid them since they are very high risk.|
|Profiting From a Hot IPO in the After-Market||While we are on the IPO subject, here is a useful article in Internet Stock News with some recommendations as to when to get into the IPO after market.|