11–20 of 71 posts
The first and best book on investing that you should read: A Random Walk Down Wall Street ( http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/039306... ). This book has great investing advice; is funny, interesting, and well-written; and clearly explains what's going on behind different investment approaches. In other words, it doesn't just answer the "what" question, it answers "why" and "how". As for specific a…
The first and best book on investing that you should read: A Random Walk Down Wall Street ( http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/039306... ). This book has great investing advice; is funny, interesting, and well-written; and clearly explains what's going on behind different investment approaches. In other words, it doesn't just answer the "what" question, it answers "why" and "how". As for specific a…
Books on Wealth
1. "Rich Dad Poor Dad"
and find out exactly why someone becomes rich.
(if you like this one, at some point you may also
want to quickly scan through "Cashflow Quadrant
Rich Dad's Guide to Financial Freedom".)
2. Also "chapter 6 - How to make wealth"
from "Hackers and Painters's chapter 6 - "
3. "The Way to Wealth by Benjamin Franklin"
1. Peter Lynch's One Up on wall street
2. The Intelligent Investor (Ben Graham)
3. Common Stocks and Uncommon Profits
4. Security Analysis (Ben Graham)
5. The Warren Buffet Way is a famous business read not exceptional but read it if you have some time left
6. A Random Walk Down Wall Street (Read it for a good laugh)
1. AA- The Motley Fool Money Guide
2. How Gerge Soros Knows What He Knows
3. Investing Online For Dummies
4. Malkiel Burton - A Random Walk Down Wall Street
5. Cracking the millionaire code
6. Joel Greenblatt - You Can Be A Stock Market Geniusthe internet does the job just fine, imo. there are some good investing blogs that will give you good information for the beginner investor. if you want my 5 second pitch for what you should do, here it is: open up an online savings account with HSBC direct or ING direct, so you're getting 3%+. save up money so that you have padding for 3 to 6 months worth of living expenses, in case of emergencies. i'd suggest 6 so…
Here are Warren Buffett's recommendations. I hear he knows a thing or two about investing... ;) http://www.businesspundit.com/10-investing-books-recommended...
That's quite a list! Looks like good stuff though. Anyone actually read those?
To summarize the first two (very roughly): The market isn't perfect and there are a lot of undervalued companies that are great. You have to find these companies at a significant discount to what they are really worth, and then you have to be patient enough for everyone else to realize their error.
The third would IMHO be more geared towards someone that wanted to be a professional. Fisher talks extensively about ways to interview management/competitors/clients for information not found on a balance sheet, and prefers to look for new technology companies with huge potential upsides. He admits himself that most of his success was due to a half dozen huge wins in his entire life, and he tries to document how to find such wins.
Realize that with Buffet's reading list you are going to end up wanting to invest like Buffet/Graham/Fisher, which means patience and a lot of due diligence on what you buy.
If you don't have 100 hours a week to research/interview prospects, Buffet and Graham would both recommend that you set a good allocation and buy index funds. Fisher would probably tell you the same, as he makes it very clear that he never buys a single stock without knowing the company like it was his own (which often included knowing the management on a first name basis).
And remember, the key to allocation-based investing is rebalancing, so you periodically lock in gains and don't get overly concentrated in one thing over time.
the internet does the job just fine, imo. there are some good investing blogs that will give you good information for the beginner investor. if you want my 5 second pitch for what you should do, here it is: open up an online savings account with HSBC direct or ING direct, so you're getting 3%+. save up money so that you have padding for 3 to 6 months worth of living expenses, in case of emergencies. i'd suggest 6 so…
I agree with this advice for the most part. Nevertheless, I would insert insurance (health, disability, auto, etc.) between emergency savings and long term investing. Choose policies that are appropriate to your life needs, but definitely do it. It's harder to do when you're living hand to mouth (e.g. running a start-up), but it's a means of protecting your life, assets and investments. I've had people close to me wh…
get insurance, even if its minimal disaster-level stuff. no question.