Read The Intelligent Investor by Benjamin Graham. Graham was the mentor of Warren Buffet. Peter Lynch has a good book also, but it's name escapes me at the moment.
If I had to offer 1 piece of advice it is to rejects stocks of companies whose current ratio is below 1.5. Such companies may face near-term bankruptcy if times get tough and they can't get loans.
Last edited by Renal Colic; 01-12-2013 at 12:46 AM..