Reddit Reddit reviews One Up On Wall Street: How To Use What You Already Know To Make Money In The Market

We found 33 Reddit comments about One Up On Wall Street: How To Use What You Already Know To Make Money In The Market. Here are the top ones, ranked by their Reddit score.

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One Up On Wall Street: How To Use What You Already Know To Make Money In The Market
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33 Reddit comments about One Up On Wall Street: How To Use What You Already Know To Make Money In The Market:

u/shane_stockflare · 18 pointsr/stocks

Yeah, the questions been asked before. But here's a summary.

Wish you the best.

Video Tutorials

u/Stubb · 16 pointsr/investing

My recommended reading list includes One Up on Wall Street, Fail-Safe Investing, The Black Swan, How an Economy Grows and Why It Crashes, and Extraordinary Popular Delusions and The Madness of Crowds. The first book talks about picking individual stocks based on what you already know, the second about structuring a portfolio for growth while still playing defense, the third about common fallacies and hubris, the fourth about basic economics, and the fifth about irrational behavior.

If your money is sitting in a US bank account, then you're making a 100% bet on the future of the US dollar. At a minimum, diversify your currency holdings by buying sovereign and high-grade corporate debt in countries with strong currencies.

u/[deleted] · 9 pointsr/investing

Price to earnings ratio, price to earnings to growth ratio, price to sales ratio, earnings per share, the cash assets of the company...

you can take ratios and compare them with competitors in the industry. P/E should reflect anticipated growth in the next year, so a PEG ratio is helpful in comparing and determining if it's priced in.

i would never, ever buy solely off the product because no matter how good it is, and how fast the company will grow, every penny of that potential could already be priced in. the only way you can win is if you have rare insight to the product's future and you're careful not to overpay.

I was a bit unclear, let me amend my statement by saying, after you have these basics down, you're just getting started. After that perhaps you can read Peter Lynch's "one up on wall street" http://www.amazon.com/One-Up-On-Wall-Street/dp/0743200403/ after which you still have to remind yourself you still don't know what you're doing, but you know a hell of a lot more than you did.

u/conservativecowboy · 9 pointsr/investing

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.

u/Beren- · 8 pointsr/SecurityAnalysis
u/cherry_coughdrops · 7 pointsr/investing

Peter Lynch made a shitload of money for the Magellan Fund in the 80s by investing in retail brands that his teenage daughter wouldn't stop yammering on about. He talks about it in one of his books, maybe One Up on Wallstreet.

u/trocky9 · 6 pointsr/investing

Judging from the broadness of your question, I'd suggest buying (or checking out from the library) a couple of books about investing. Start with the basics like: Charles Schwab, Peter Lynch, and Burton G. Malkiel. Right now, education is probably the best investment you can make (besides enjoying your life).

Ninja edit: It's good to be thinking and asking about investing, but, if you are serious about investing a serious chunk of money, learn the basics for yourself. You'll be better prepared to make the best decision for your money and your lifestyle.

u/redditluv · 5 pointsr/AskReddit

I'm a self made millionaire but from all the hostility and drama I see here I would NEVER do an AMA.

I've quickly learned that most people don't have the resolve to live by basic principals that have gotten me to where I am now. So in a very general nutshell here it is from me for the umpteenth time...and for the few who say these are obvious, then I counter, why the fuck aren't you guys REALLY doing this...

  1. Learn to live FAR below your means and DELAY gratification. I basically gave up most of my 20's working my ass of to raise the principal required for investing. And I REALLY MEAN WORKED MY ASS OFF.

  2. SAVE at least 40% of your take home pay

  3. LEARN to do the math and homework of investing and I mean DO IT yourself, no stock "tips" (which are 99.9999% bullshit). Don't know how? Educate yourself. A decent start is Phil Town's Rule #1 Investing and Peter Lynch's One up on Wall Street. Again, not the end all be all, but it's a start. Also, it's fucking amazon, be smart and buy those books USED. Sites like the Motley Fool can be helpful but I suggest read the articles and DON'T buy their products...lots of good stuff for FREE there. LEARN what an exchange trade fund and dividend reinvestment plans are.

  4. DON'T choose to live like the Jones'...they are fucking broke.

  5. ABSOLUTELY budget for adequate health insurance as one single catastrophic event could wipe out years of earnings quickly.

  6. Learn to be on the POSITIVE side of compound interest. If you can't afford to pay for something outright in cash, then don't fucking buy it. Credit cards are for SUCKERS.

  7. DO THE MATH if you want to buy a home. Honestly, sometimes renting is the better choice.

    I STILL to this day buy groceries with coupons, wear the SAME Timex watch I did when I was in high school, drive a car from the 1960s, and RENT a small but nice house with an incredible view, most of my close friends have no idea how much I'm worth and many complain about how "cheap" I am.

    I don't give a rats ass if you decide to believe me or not. The sun will rise tomorrow and I'll still never have to call anyone boss or punch another fucking clock in my life EVER. You follow the basic advice, you might stop living paycheck to paycheck.


    Don't be a dick. I just gave you free legit advice. Now you're on your own. I'm not your mommy.


    /retired in my 30's with liquid assets in 8 figures.
u/pangolin44 · 4 pointsr/investing

Here's the recommended reading list on this subreddit's sidebar.

I personally started off with Peter Lynch's One Up on Wall Street. It's a good book for beginners to help you start thinking about stocks analytically. Regardless of what you start off with though, definitely follow it up with The Intelligent Investor. That is a fundamental book with some big concepts in there such as "Mr. Market" and "Margin of Safety"... but it's not an easy read until you have some foundation first.

u/Rootlx · 3 pointsr/portugal

Não tens de agradecer, my pleasure. Assim de repente, alguns clássicos e outros livros que possam ser úteis:

- Rich Dad Poor Dad

- One Up on Wall Street

- The Intelligent Investor

- Everyday Millionaires

- Your Money, Your Life

- Side Hustle

- Motley Fool for Teens - não leves a mal ter escolhido a edição "for teens" - é só porque é um excelente guia para quem está a começar e vai investir quantias pequenas só para molhar o pé. Se quiseres algo mais completo, tudo o que é do Motley Fool (incluindo o site, newsletters e podcast) é bom.

Em português não conheço muito e o único que me vem à cabeça é este do Pedro Queiroga Carrilho.

u/youngtalbo · 3 pointsr/investing

"One Up on Wall Street" by Peter Lynch was a good read and pretty informative about the basics of reading financials and where to find companies to invest in.

https://www.amazon.com/gp/product/0743200403/ref=oh_aui_detailpage_o08_s00?ie=UTF8&psc=1

u/choctawkevin · 3 pointsr/Economics

Securities Analysis by Graham is good too, also One up on Wall street by Lynch is another great one for investors.

u/KirbysaBAMF · 3 pointsr/investing

I would recommend "One up on Wall Street" by Peter Lynch. It does have some formulas but it is otherwise a pretty easy ready and shows you how to value companies. Hope this helps! http://www.amazon.com/One-Up-Wall-Street-Already/dp/0743200403/ref=sr_1_1?ie=UTF8&qid=1417723295&sr=8-1&keywords=one+up+on+wall+street

u/SDSunDiego · 3 pointsr/investing

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits) - Jack Bogle - Vanguard Founder. No gimmicks. Simple, low-cost, and passive indexing for buy and hold investors.

One Up On Wall Street: How To Use What You Already Know To Make Money In The Market Peter Lynch was a fund manager of one of the most successful actively managed funds. Active investing. Buy companies that are really successful at getting you to buy their product. Observe the world around you type of investing.

u/cbus20122 · 3 pointsr/investing

If you want to be an active investor in any way...

  • I'm a really big fan ofWarren Buffet's Ground rules. Somewhat biased since it was the first book I read, but it's a great analysis of Buffet's evolution as an investor. Buffet has never written a book himself, but he HAS written a lot of letters through his hedge fund and then later Berkshire Hathaway. This book basically breaks down all of those letters, and provides commentary on his style and how he has invested over the years. IMO, it's a much better read for value investing these days than something like Graham's Security Analysis, and even goes over some items of how value investing has changed, what is different now than back in Graham's days, etc. I do a lot different from this book now, but I think it laid a great foundation for me.
  • I haven't read it myself, but I've heard One Up on Wall St. is a generally good read.

    Beyond these, I would 100% say, get some practice buying stocks / funds. Open a Robinhood account with a very small amount of $. Buy some individual stocks and set rules about when you can or can't sell them. At the end of the sell or hold period, evaluate what went wrong or right. Learn to understand if there was an error in your process / analysis, or if it's just the nature of the market as a whole. These things will never be straightforward, but I know I personally learned a lot when I started as I tended to get caught investing in a lot of value traps. Alternative to Robinhood, you can use Investopedia, although it's probably better to learn when you actually have some skin in the game so you can understand aversion to loss.

    If you don't care to be an active investor...

    Just buy an index fund. You can read stuff like Boglehead's guide to investing, a Random Walk on Wall St, or any other index fund bibles, but the main conclusion to all of these books is that you are going to suck at beating the market, and you should just buy index funds. So if you don't care to try to beat the market, you can just skip most of the reading, find a passive portfolio (3 fund, all-weather, or just buying SPY since you're young) and just build up a base in a passive way and ignore returns until you're over 50 years old.
u/Jacked2TheTits · 2 pointsr/investing

I havent read "Candlestick Charting Explained", but as far as candlestick charting goes... Steve Nison's "Japanese Candlestick Charting Techniques" is considered the bible. Candlesticks is really a discussion on price action... I think candlesticks can get you into a lot of trouble.

I think that Edwards and Magee "Technical Analysis of Stock trends" is looked upon more more favorably than Murphy for an overview of TA and methods. Though, IMO they both leave a lot to be desired. Really the best way to learn technical analysis is to find someone who uses these methods to execute trades and can explain the reasoning and risk-reward metrics behind their trades. If this interests you, I recommend Peter Brandt https://www.peterlbrandt.com/ He has a track record and has even written a book.

If i were to recommend a couple books

For true beginners in investing and don't want to spend time doing the "work": I recommend "4 pillars of investing" it discusses asset allocation and investing in a broad sense 4 Pillars

For beginners that want an intro to stocks: Greenblatt's "Little Book that beats the market" is the best book that I know of for an intro to stock investing. And it can be read in one sitting. Little Book

If you want to be a more active trader/investor in the market then I recommend:
Oneil's [How to make money in stocks] (https://www.amazon.com/dp/B00916ARYS/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1)
Minervini's [Trade like a stock market wizard]
(https://www.amazon.com/dp/B00C1NKPUE/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1)
Lynch's [One Up On Wall Street]
(https://www.amazon.com/One-Up-Wall-Street-Already/dp/0743200403/ref=asap_bc?ie=UTF8)
Cramer's [Real Money]
(https://www.amazon.com/Jim-Cramers-Real-Money-Investing/dp/0743224906/ref=pd_sim_14_1?_encoding=UTF8&pd_rd_i=0743224906&pd_rd_r=156ZB32KPJ8XN7V9K1HQ&pd_rd_w=Anlpz&pd_rd_wg=aZn7O&psc=1&refRID=156ZB32KPJ8XN7V9K1HQ)
Town's [Rule 1] (https://www.amazon.com/Rule-Strategy-Getting-Rich-Minutes-ebook/dp/B000GCFCQE/ref=sr_1_cc_1?s=aps&ie=UTF8&qid=1479913887&sr=1-1-catcorr&keywords=rule+no+1+investing)

These picks are all different styles and have something different to offer. A lot of the advice you are going to get is going to be bent towards value investing, diversification, and asset allocation... This is good advice, and will make you a smarter investor but not a richer one.

If you are interested in day trading or swing trading then you will probably need to find some personalized training and I wish you the best because there is a ton of crap out there... I dont think that many people are willing to put in the time and effort to be sucessful at this and so I don't recommend it.

u/NITEM4N · 2 pointsr/personalfinance

Along with The Intelligent Investor I would like to recommend One Up On Wall Street as another one I would recommend.

u/ArtifexScientia · 2 pointsr/investing

My first read into investing was One Up On Wall Street by Peter Lynch. He did brilliantly with Fidelity's Magellan Fund and managed 29% annual return when he was the manager so I figured it'd be a good read. It's not too out there with technicalities and such so I think it's a great place to start.

u/Mulgikapsad · 1 pointr/eupersonalfinance

Well the thing with older cars is that there's never just "one last repair". When things start breaking, there's no end to it. I'm currently wondering about replacing my wife's 2011 Peugeot 508, the only standing cost for it is insurance at about €110/year, but it has cost me about €1800 in repairs in 9 months and I can only see it going downhill from there.

​

On the subject of luxury vehicles - a surefire way to never get rich is to try and look like one from the getgo. Sure it's pointless being 100% frugal in everything and as a young man one must also has a ride the ladies would be interested to ride in. But speaking from experience if I had only known anything about money that 7-series BMW on steamroller wheels I bought at 25yo would have been better off as a decent stock portfolio by now.

​

I suggest reading this book before going into stocks, definitely an eye-opener for me: https://www.amazon.co.uk/gp/product/0743200403/ref=ox_sc_saved_title_1?smid=AR4DC9FBOWIX7&psc=1

​

What are you saving up for? The more money you just bury away, the less profit you see from your investments, as inflation eats it away.

u/WittilyFun · 1 pointr/StockMarket

I would start with a book that appeals to you. Is there any particular trading/investing style that speaks to you? Maybe long-term investing etc?

Peter Lynch's books are great, interesting reads and based on how individuals can find things wall street overlooks: https://www.amazon.com/One-Up-Wall-Street-Already/dp/0743200403/ref=asap_bc?ie=UTF8

u/value_investor · 1 pointr/IAmA

Yeah, here's an extended reading list:

Superinvestors of Graham and Doddsville - Buffett : this is an editorial that Buffett wrote long ago, easily found in pdf

One up on wall-street - Lynch

Common Stocks and Uncommon Profits - Fisher

Margin of Safety - Klarman : this book is out of print, but there are plently of pdf's floating out there

I'm going to add this to the thread info.

u/alexunderwater · 1 pointr/investing

Read One Up On Wall Street You'll see how these companies are pretty much the last thing you want to invest in if you want to make real money. Huge companies have slow growth and therefore little payoff.

u/No-Nrg · 1 pointr/stocks

I'd start by reading through Investopedia Stock Basics to get the general overview.

A few good books include:

u/bman2017 · 0 pointsr/PersonalFinanceCanada

Although I recommend Indexed Investing, I really enjoyed "One Up On Wall Street" by Peter Lynch. It is a different perspective than indexed investing. I plan on following the 90% Indexed funds and 10% "Peter Lynch Style" for my portfolio

Note: It is about stock picking (buy and hold - so long term, not day trading) and doesn't touch indexed funds...in the book, Peter says you should get some value by paying a higher MER otherwise it is not worth it. He has since corrected himself, and both Peter and Warren Buffet say indexed investing is best for Most investors.


https://www.amazon.ca/One-Up-Wall-Street-Already/dp/0743200403/ref=sr_1_1?ie=UTF8&qid=1487691453&sr=8-1&keywords=peter+lynch

Millionaire teacher alone should be enough to start your indexed portfolio. If you enjoyed Millionaire teacher, and have a basic grasp on personal finance, you can check out Andrew Hallams recommended book page...he has some more advanced books listed

https://andrewhallam.com/books/

u/americanpegasus · -4 pointsr/investing

Though this should be followed by another comment: one of thanks for this community.

I remember coming here a month ago and buying a handful of stocks because I liked the company's products. The first time someone asked me about a P/E ratio, I did a 'what-sit-whosit'?

Then I started reading. I read William O'Neil in a week:
http://www.amazon.com/Money-Stocks-Complete-Investing-System/dp/0071752110/ref=sr_1_2?s=books&ie=UTF8&qid=1335244563&sr=1-2

Then I read Peter Lynch:
http://www.amazon.com/One-Up-On-Wall-Street/dp/0743200403/ref=sr_1_1?s=books&ie=UTF8&qid=1335244585&sr=1-1

Now I am reading a phenomenal book, Spent:
http://www.amazon.com/Spent-Sex-Evolution-Consumer-Behavior/dp/B002ZNJWHW/ref=sr_1_3?s=books&ie=UTF8&qid=1335244608&sr=1-3

(I almost don't want to recommend this book, because it's a nuclear weapon in investing; we are all essentially at war, after all)

I have also subscribed to Businessweek, Investor's Business Daily, subscribed to the MarketSmith service, and subscribed to TC2000.

With some of my profits from my latest trades, I am buying myself a subscription to the Wall Street Journal, and will be joining a few other groups around the internet.

If anyone has any suggestions for other tools or services I should use, please share.

A lot of members on this board contributed to my education, and have been essential in second-guessing some of my positions with factual evidence. To those members, I am deeply indebted. Thank you.

What is less helpful, and useless, is the blanket downvoting I receive, and the snarky comments that I seem to generate.

Aren't we here to make money together?

I am still new, but I am learning at an astronomical pace. Thanks for everyone's continuing advice and support.