Fool's Gold

I have been on vacations and hence not been able to update the blog.  While on vacations, I decided to read a book regarding the Global Financial Crisis of 2008. So I decided to read the book "Fool's Gold" written by Gillian Tett. I am simply blown away by the amount of research and in depth analysis Gillian has presented in the book. She narrates the unfolding saga of unrestrained greed creating a financial storm and wreaking havoc as if it is Sherlock Holmes detective case. She has done a marvelous job keeping in mind the non-finance background of Ms. Tett.

So what is the book all about. The book is about certain financial products such as CDOs, credit default swaps, SIVs and SPVs.

I would highly recommend the book to anyone interested in learning more about how the financial world works and how the big investment banks turned the world upside down.

Start reading, stop wishing

So here I am. Ready to jump into the world of day trading. An IT professional wanting to enter the club of the Wall St boys and if possible make a fortune out of it.

As a start, I have bought the following books to start learning Day Trading. Do let me know if you have any better .

1. Financial Freedom through electronic day trading
2. The New Day Trader Advantage
3. The Teenage investor
4. The 100 best stocks you can buy
5. Trading for a living
6. Finding the next star bucks
7. Money,Markets and Derivatives
   

All together it is a $404.00 expenditure so let us see if I can at least make $404.00 out of my first investment.

I will be posting what ever I learn from these books and updating the blog with what ever information I gain. The aim is to track my learning curve from a complete start and see how it goes. Is the stock market the solution to escaping the rat race? We will see.