Books on stocks?
Answers: "The Intelligent Investor" by Benjamin Graham
"Common Stocks And Uncommon Profits" by Philip Fisher
"Stocks For The Long Run" by Jeremy Siegel
"Learn To Earn" by Peter Lynch
"A Random Walk Down Wall Street" by Burton G. Malkiel
"The Essays Of Warren Buffett: Lessons For Corporate America" by Warren Buffett and Lawrence Cunningham
"How To Make Money In Stocks" by William J. O'Neil
"Rich Dad Poor Dad" by Robert T. Kiyosaki
"Common Sense On Mutual Funds" by John Bogle
"Irrational Exuberance" by Robert J. Shiller
What do we do now? The market is plunging, what should the public do?
Answers: Sell short and make money, and calm the ** down
rule #1. remain confident and invest wisely...do not panic.
rule #2. the stock market will not fall dramtically (like it did 20 years ago)...a computer at the NYSE will help regulate trades, decreasing the chances of a complete crash
rule #3. listen to your heart---if you see 1 month of negative growth in your overall portfolio--time to look at other investment options, including but not limited to cashing out your entire portfolio----remember, prudence, patience and wisdom are keys to sucessful investing
"the public" will do what it has always done .. having 'bought in' near the top, they will hold on hoping the Market will recover ..
They will wait whilst it keeps going down for a year or two and then panic & 'sell out' near the bottom ...
As the market recovers during years 3 & 4 they will watch & wait .. when a new top is reached during year 5 they will pile in again (just before the next recession).
Here is a good plan B.
Go to www.myvemma.com/doriskelly
There your also find an email address for any questions.
Savings?
what accounts best for putting in a big deposit 3k then totalling to it every month lb100 but not taking anything out for 3years in the ukAnswers: an isa is upright in the UK but you can simply deposit 3000 per year. which would not meet your requirements. Its worth talking to a finanial guru. which is free with a guard.
I would look at Zopa. It's a lending and borrowing exchange, so you can lend directly to individuals near good credit ratings. You choose your own interest rates - I'm getting around 10% at the moment, which is much better than any nest egg account. You can choose how long you lend the money for, and you can reinvest the interest, or cart the interest out as you choose.
There's an offer on at the moment where on earth if you apply via this link:
www.zopa.com/member/The%20Hulk
Zopa donate you a complimentary lb30 if you lend more than lb500. I've been using Zopa for nearly a year in a minute, and am very cheerful with it. It's a brilliant perception, and the free money offer is great!