This week’s selection is “Introduction to Stocks for the Novice Investor: A Beginner’s Guide to Help You Feel Confident When Investing Your Money” by Erin Wolfe.
This book may seem an odd choice for Book of the Week: I typically choose a technical book that delves into some aspect of 3D printing or related technologies. However, there’s good reasons to consider this book important, and particularly at this time in 3D print history.
Let’s take a quick look at that history, from the point of view of investing in 3D print companies.
For many years there were only two ways to invest in 3D print companies. First, by getting in on a private investment deal, which is not something you can do without connections. The second method was to invest in a publicly traded 3D print company.
Unfortunately, for many years there were only two choices for publicly traded 3D print companies: 3D Systems and Stratasys. The few other companies in the space were privately held and there was virtually no opportunity to invest.
But in the past two years, that’s all changed. While there are still plenty of privately held 3D print companies, there are an increasing set of publicly traceable companies in which you could invest.
We track those companies in our weekly rankings, which appear each Sunday. Currently we’re tracking 18 publicly traded 3D print companies, and there are likely to be several more adding in coming months.
If you’re not an investor and keep seeing news of this type, you might be tempted to begin investing yourself. However, investing can be dangerous if you don’t know what you’re getting into, and even more so if you don’t know the how-to’s of investing.
That’s where this book comes in. It’s a very basic introduction to market and trading concepts, including:
- Stock indices
- Bull vs Bear market conditions
- Market Psychology
- Types of stocks, funds and investments
Wolfe does a tremendous job of explaining the process of beginning investing, even if you’ve never done so before. She explains how to identify companies worthy of your investment, when to buy and sell, and setting up a brokerage account where you can execute trades.
Of particular interest is the section on performing stock research, which is something any investor must do before committing their funds. The techniques shown can be used to consider 3D print companies, as they exhibit all the same characteristics as any company from a business standpoint.
If you haven’t invested in 3D print companies, now could be a good time to do so. While there are plenty of newly tradable companies, there are important opportunities coming: as new companies enter the market, your knowledge of 3D print technology and business might give you an edge to pick ones that could grow strongly after their market entrance.
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