Hello and welcome to our community!

[andywan83]

LOL, i also started with rich dad poor dad.
upz for u..

Originally Posted by stefantornau

Well I got the book Rich dad poor dad recently and sort of was an eye opener a little and after strolling in book shops and online I bought myself the No1 rule book. Took some day’s off and just finished the book… I am all eager to start.. opened an account with an online page and also downloaded the excel tool available here.

However I don’t feel quiet ready to PLAY.. need to be more confident and yet to find the right firm I want to own. All the companies I checked do not qualify under rule No 1…. Even some big and famous.. used also the examples from the book. Google I liked but yet again not old enough..
Need to get more familiar with the calculating part and continue searching.. But I guess I will find the right company one fine day….

[Kofi]

Take your time and learn as much as you can by gaining experience with paper trading (Phil recommends some websites in the book). You can also track your "investments" on MARKETWATCH.COM (free account). You should also download the MSN software and use the tools for guidelines. DONT use real money until you know what you're about. In the meanwhile check out some companies in the HOMEWORK section of this website. Most of the companies are RULE#1 companies, however do not rely on them solely - do your own additional research. All the best and welcome to the community!

[Gerry]

Hello,

I bought the book rule#1 already a year ago, but only started reading it lately. I love the book, love the way he thinks about investing, and for sure I want to do rule1 investing.

I believe in the community and the benefit of sharing information and knowing that one is not along out there when things are not so clear.

Right now, going through the examples in his book, many times I have different results when calculating the growth rates. Using Phil’s online calculator or the excel formula I get different %. For example, I used the raw data of Gramin (hardcover p 96) to calculate the growth rates and then compared it with the figures on p 108. I was surprised, how could I be so wrong with the EPS & Sales, but get Equity & Cash right.

Is it that the raw data is not correct, the printed growth rates, or my calculations? Has anyone else had some different results when using the examples in the book?

Thanks & Cheers

[brianbeach]

New to the forum. Would love it if someone with a lot of experience calculating MOS could give me a hand. I've done it on my own for WFMI and it doesn't seem to match some of the previous threads. Could be doing something wrong - don't know.

Thanks.

[Invest2Gain]

Hi, I've recently finished Prhil's book and am a novice investor. I'm also a fan of Jim Cramer's and have learned enough about the business of investing to know that I don't know much! I've saved a considerable amount over the years and have invested primarily in mutual funds. I just started dabbling (I'd have to call it that for now!) in stocks at the end of last year. I'm learning a great deal from this forum and am very happy that I found it!

John

[theyungonesinvest]

hello there,
i am new to this website and just wanted to say hello. if it wasnt for the show i watched tonight, i would not be typing this message right now. tonight i saw the millionaire inside on cnbc and i thought it was great. (i already had my pen and paper ready to take notes!) they already had one topic i was excited to see and that was the real estate lady. i have been interested in real estate since i was about 16. but once phil walked in and gave a short speech about investing and the stock market i had to keep watching so i could see what else he had to say. and well, what he said made me very interested. so the past couple of hours since the show i have been looking up as much info as i can about investing and the stock market...
there is so much to learn and im willing to take the time to be a great student so i can someday learn this. but the thing is, i dont know where to start.
if any of you "pro's" out there can set me on the right path so i can later leave the path and make my own trail... i would greatly appreciate it!!!!

thanks,
theyungonesinvest

[theyungonesinvest]

hello there,
i am new to this website and just wanted to say hello. if it wasnt for the show i watched tonight, i would not be typing this message right now. tonight i saw the millionaire inside on cnbc and i thought it was great. (i already had my pen and paper ready to take notes!) they already had one topic i was excited to see and that was the real estate lady. i have been interested in real estate since i was about 16. but once phil walked in and gave a short speech about investing and the stock market i had to keep watching so i could see what else he had to say. and well, what he said made me very interested. so the past couple of hours since the show i have been looking up as much info as i can about investing and the stock market...
there is so much to learn and im willing to take the time to be a great student so i can someday learn this. but the thing is, i dont know where to start.
if any of you "pro's" out there can set me on the right path so i can later leave the path and make my own trail... i would greatly appreciate it!!!!

thanks,
theyungonesinvest

[phideaux]

To start, read Phil's book.

phi

[npg]

Learn how to think independently. That's a good investment.

[DJ Big Bird]

Hello from the 4 corners. I'm almost finished with Phil's book and stumbled upon this site. Seems like a great resource. Big props to those who founded and maintain it!

Baird Kleinsmith
Durango, CO