(I'm trying to take out some ideas from the very popular, but somewhat overwhelming Young Investor Thread and give them their own threads.)

What books would you recommend for new investors, and why?   A quick summary of the techniques or philosophies taught would also be be helpful.

Some previously mentioned suggestions (please feel free to weigh in on these as well):

The Only Investment Guide You'll Ever Need by Andrew Tobias

One Up on Wall Street or Beating the Street by Peter Lynch

A Random Walk Down Wall Street by Burton G. Malkiel

Warren Buffett (Various book, but none authored by him, except for the book of Berkshire Hathaway Shareholder Letters I believe)

The Motley Fools Rule Breakers Rule Makers : The Foolish Guide To Picking Stocks by David and Tom Gardner

Jason Kelly's Neatest Little Guide to  Stock Market Investing,

Benjamin Graham's The Intelligent Investor

Morningstar puts out a few great books for 1st time investors.

http://www.bobbrinker.com/books.asp

Some Books from the Bob Brinker Reading List:

All About Index Funds by Richard Ferri is one such book on the list
Asset Allocation: Balancing Financial Risk by Roger C. Gibson
Ahead of the Curve Joseph H. Ellis
A Random Walk Down Wall Street by Burton G. Malkiel
A Common Sense Guide to Your 401(K) by Mary Rowland
Against the Gods, The Remarkable Story of Risk by Peter L. Bernstein

John C. Bogle
Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor
Bogle on Mutual Funds: New Perspectives for the Intelligent Investor

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Aqua

I'd suggest a basic book on technical analysis. I recommend

How Technical Analysis Works by Bruce M. Kamich

I justify this recommendation by saying that even if you don't use TA, others trading with you will be so you might as well understand their thinking. Also, TA is good for knowing when to initiate/close a position and when not.

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http://www.20sinvestor.blogspot.com
http://www.linkedin.com/in/rossgreenspan

I would reccomend Trading for Dummies because it teaches you the basics.

Mad Money and Real Money By James J Cramer. Has alot of simple tips and hints.

Come Into My Trading Room - Dr. Elders

 

Awesome book!  Teaches you how to trade successfully.  I keep it close to my desk as a reference book.  I've read it several times.

 

Also........

 

Trading In The Zone - Mark Douglas

 

This book will help you understand the mental side of trading.      

I have Toni Turner's A Beginners Guide to Day Trading Online, I would reccomend it to anyone, she puts things in layman's terms and she has a sense of humor. She has cd's and books on shorting, swing, and day trading. She has a new book coming out in the spring, and I have already pre ordered mine on amazon.

How to trade stocks by Jessie Livermore

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Rise of A Star! One Million By 2012!

I like the Jim Cramer books....

I also like "Invest like a Shart" It's good for the mindset needed, if a little light on spicifics...

As elder mentioned, I highly recommend Invest Like a Shark by James DePorre. One of the main reasons I like this book is how the author teaches a mindset, or way of thinking, rather than a step-by-step process that is guranteed to provide x returns, or make you rich in a short period of time. It's an easy read, and provides a fresh view from conventional investment wisdom.

While I'm confident Peter Lynch's Beating the Street can provide some valuable knowledge, I just don't feel that Peter Lynch can even remotel relate to an investor like myself. I'm in my 20's and working w/ a few thousand dollars, while he was managing a multi-billion dollar fund. Don't get me wrong, I think Lynch is a genius, but his approach and mine are in two different galaxies.

Here is my list of investing books that I would recommend for the new investor! I own each of these books and have read them all from cover to cover several times each.

Stocks for the Long Run, 4th Edition by Jeremy J. Siegel
http://www.amazon.com/

The Future for Investors: Why the Tried and the True Triumph Over the Bold and the New by Jeremy J. Siegel
http://www.amazon.com/

The 25% Cash Machine: Double Digit Income Investing by Bryan Perry
http://www.amazon.com/

Yes, You Can Become a Successful Income Investor! Reaching for Yield in Today's Market by Ben Stein and Phil Demuth
http://www.amazon.com/


Sergeant_Major

I invite all zeccoshare members to join the High-Yield Investing group!

I would recommend:

You have more than you think by David Tom Gardner (The Motley Fool)

It teaches you an excellent mindset to start your investing journey.

It all depends on what type of trading you want to do. Swing trading? Day Trading?
The book I have been reading is: 'The Successful Investor' by William ONeil. I like this book because it's a very tested system of trading and it just makes sense. I have been paper trading this books system for a little bit now and have done pretty well with it. Another thing you can do is go to http://investors.com and get a trial subscription of IBD. The person who founded that web site and the newspaper, also wrote this book. I think you will find that it is the most researched tool that you can find. Hope this helps!