Hey Guys,

I'm retiring at the end of this week and so with the extra time I'll have on my hands I'll be looking to read a few investment books. What are some good ones you would recommend?

Thanks in advance, Richard

How to Make Money Selling Stocks Short - O'Neil

Technical Analysis of Financial Markets - Murphy

Japanese Candlestick Charting - Nison

Trading for a Living - Elder

All are good beginner books on Technical Analysis and Market Psychology. I am assuming you read How to Make Money in Stocks - O"Neil, which should be at the top of everyone's list.  Like O'Neil's recommends, stay away from options and futures until you have developed some good experience with the basics.

Good Luck :).

Mike

Those are all good. I agree. I would offer the suggestion of calling IBD or MarketSmith to hear if they have any new material in print. Additionally, I'd suggest keeping current with all the webcasts from the "Learn" section of MarketSmith.

One that I truly like is Fibonacci Analysis by Constance Brown, Bloomberg press.

I also think that it's sound to learn as much as you can, but don't do so at a rate to confuse you or allow you to get mixed up by being spread too thin. IBD's O'Neil system is proven. Learn that first like you know the back of your hand before you venture out.

Hope this helps,

Tom

Richard why are you looking any further than what you have here?  There are many ways to skin a cat.  IBD has a proven strategy.  I would suggest that you read all of William O'Neils books and master his ways.  Its all about price action and volume, stay away from indicators.  They all lag!!!!   I like Tom's idea about Fib Analysis book. I'm big on Fib's.  I studied with Carolyn Boroden and Mark Braun on that subject.  In all honesty if you are just retiring, read the daily IBD paper and study charts.  In my blog I  mentioned a new book out by 2 gentlemen that work with Bill O'Neil and did well.

Maybe start with that :-) Best of luck.  Enjoy your time off!!

Regards,

Brian

Any recommendations for a book that specifically helps investors understand balance sheets? Would really appreciate this,

S

Any basic college level accounting text book. If that is not enough check the bibliography in the textbook for additional refereces.Also see what Investopedia.com offers you.

There is only 1 and everyone should have it - Graham & Dodd's Security Analysis. Mastering Fundamental Analysis by Michael C. Thomsett is also pretty good IIRC

I recommend How to Read a Financial Report by John A Tracy, published by John Wiley and Sons.  It's a terrific book for the layman, making sense of all the nuts and bolts of financial analysis of going businesses.  Digest all there and then go on to the more advanced texts on the subject.