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fiancial books..... any recommendations?

Mrs. Gimpy!

Mrs. Gimpy!

Well-known member
i was wondering if any of you have read any great financial books. im looking mainly for books on investments, roth iras and mutual funds. i really like david bach's form of writing so if anyone has read any of his books, tell me how you liked them. thanks so much!
 
Mrs. Gimpy! said:
i was wondering if any of you have read any great financial books. im looking mainly for books on investments, roth iras and mutual funds. i really like david bach's form of writing so if anyone has read any of his books, tell me how you liked them. thanks so much!
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The Motley Fools Rule Breakers Rule Makers : The Foolish Guide To Picking Stocks by David and Tom Gardner. There are a number of books by "The Motley Fools" (check any major online bookstore), and all are great for both novice and experienced investors.

I would also suggest grabbing the latest issues of both "Smart Money" and "Money" magazines to get a feel for whether they are worth your while - they certainly are for me, and I've been investing in stocks since 1992.
 
2 of the best

The Four Pillars of Investing : Lessons for Building a Winning Portfolio by William Bernstein (sound advice regarding asset allocation - absolutely great book)

The Morningstar Guide to Mutual Funds: 5-Star Strategies for Success (comprehensive guide to mutual fund investing, especially beginners)
 
Mrs. Gimpy! said:
i was wondering if any of you have read any great financial books. im looking mainly for books on investments, roth iras and mutual funds. i really like david bach's form of writing so if anyone has read any of his books, tell me how you liked them. thanks so much!
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That depends on what your goals are. Do you want to pursue a career in this area? Do you plan on actively managing your investment? Or are you simply planning on choosing a few sound investment choices and let the pro invest your assets for you?

In general, you want to learn from those who are successful investors, and not from people who make their living writing books and articles. If the guy is any good, he wouldn't need to sell his wares for $29.95. :D

A quick pointer.
1. Mary Buffett wrote a couple of books on Warren Buffett. The Buffettology series.

2. Kenneth Fisher wrote the Super Stock.

3. Peter Lynch wrote a few books. One Up on Wall Street is one of the holy scripture..

4. Williams O'Neil wrote a few and publishes the Investor's Business Daily. His books are also part of the holy scripture..

5. On a lighter side, Ben Stein (yeah, that Ben Stein) wrote a few very intelligent How-To guide. Ben Stein is actually a well educated intellect. Love his comedy tho... :D

6. If you are interested in the mysterious world of high power finance, Jack Schwager wrote the Stock Market Wizards and a couple of others. He interviewed a lot of 'interesting' high caliber elites and introduces you to the wild side of modern high finance. To quote my prof,'The amount of money these people make is simply obscene'. :D

These are not for getting the latest stock tips and rumours. It takes brain power to comprehend them. For stock tips and investment gossips, you have the bunch represented by the Gardner brothers and that guy yelling like a mad dog on CNBC Mad Money, and the like. That mad dog howling is Jim Cramer. He is not bad, if you can stand his drama. (hate his style)
 
:goodpost:

Very interesting information. CNBC Mad Money is a great show. Some of these may be overwhelming for the beginner but definitely great reads.
 
BioHazzard said:
That depends on what your goals are. Do you want to pursue a career in this area? Do you plan on actively managing your investment? Or are you simply planning on choosing a few sound investment choices and let the pro invest your assets for you?

In general, you want to learn from those who are successful investors, and not from people who make their living writing books and articles. If the guy is any good, he wouldn't need to sell his wares for $29.95. :D
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i dont want to persue a career in this .... maybe later after kwyck becomes a doctor and i've puddled around a bit, but for now dental hygiene is what i'll be doing. i dont want to actively manage my account. i just want to learn about alot of "sound investment" options so that im not so in the dark. i believe that learning about finances is part of the key to living a secure life and so its important that i keep educating myself on it.

i agree with you on learning from people who are successful in investing NOT just writing books. i LOVE david bach. i research all my books quite thoroughly before i read them. david owns his own personal finance firm and also writes on the side. he has a great financial biography behind him.



thanks everyone for the suggestions so far! keep them coming!
 
Ronin13 said:
:goodpost:

Very interesting information. CNBC Mad Money is a great show. Some of these may be overwhelming for the beginner but definitely great reads.
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lol i love that show! he gets nuts!
 
Mrs. Gimpy! said:
i dont want to persue a career in this .... maybe later after kwyck becomes a doctor and i've puddled around a bit, but for now dental hygiene is what i'll be doing. i dont want to actively manage my account. i just want to learn about alot of "sound investment" options so that im not so in the dark. i believe that learning about finances is part of the key to living a secure life and so its important that i keep educating myself on it.

i agree with you on learning from people who are successful in investing NOT just writing books. i LOVE david bach. i research all my books quite thoroughly before i read them. david owns his own personal finance firm and also writes on the side. he has a great financial biography behind him.



thanks everyone for the suggestions so far! keep them coming!
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Congratulation. I am happy for both of you.

You are very wise. If only the majority of the people think and plan ahead the same way you do, we would not need Social Security nor Medicare/Medicaid. :)

I went to take a look at Bach's site. His information covers the basic and is a collection of gems of wisdom for living smart, financial wise. That's all good.
 
Ronin13 said:
:goodpost:

Very interesting information. CNBC Mad Money is a great show. Some of these may be overwhelming for the beginner but definitely great reads.
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You are right. With the exception of Ben Stein's books, the rest are geared more toward the active investors and professional managers.

Cramer is an interesting character. He got bored managing money. And somehow got this current gig. A lot of guys get bored in the business. He is the only one that went and got himself a soapbox. :D To each his own, I suppose.
 
Okay, few more questions for ya guys:

1: (To BioHazzard) Which ben stein books do you recommend for a beginner?
2: (To everyone) What does everyone think of Suze Oreman?

oh btw, thanks for the compliment bio!
 
Mrs. Gimpy! said:
Okay, few more questions for ya guys:

1: (To BioHazzard) Which ben stein books do you recommend for a beginner?
2: (To everyone) What does everyone think of Suze Oreman?

oh btw, thanks for the compliment bio!
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First of all, from what little I know of the 2 of you, you both are intelligent, wise and sensible beyond your age. A match made in heavan! :) In contrast, my gf has always insisted that ours is a match made in hell.. lol



Of Ben Stein's books, the following one would be bested suited to the young couples who are starting up. Time is on your side. Don't worry about income investing. You can grow your capital into a very comfortable retirement (eventhought that is the last thing on the mind of 20 somethings.. so you two get a big head start there.)

[ame=http://www.amazon.com/gp/product/1401903185/sr=8-2/qid=1153972359/ref=pd_bbs_2/002-6114032-1035201?ie=UTF8]Amazon.com: Yes, You Can Still Retire Comfortably!: Books: Ben Stein[/ame]

His other books like How to Ruin Your Life, How to Ruin Your Financial Life and How to Ruin Your Love Life, are funny as hell to read and yet are all gems of wisdom. :lol: I wish i had read them early on in my life. lol Stein is the wise uncle we all wish we had.

Now, if I were to put all my money in one place and don't have to, or not able to, look at it or worry about it, I would invest it with the Hussman Growth Fund. Invalid Link Removed With this fund, the only thing I have to worry about is if the manager John Hussman gets hit by a bus. lol As long as Hussman is alive to run it, your money is safe from bear market decline and fully participate in any bull markets.

Hussman was a Finance professor at the U of Michigan, and unlike most Ivory tower bullsh1ters, he actually puts his money where his mouth is. He has researched and tested, both in theoretical back testing, and real time trading, and has found a method to steer clear of high risk markets while investing in raging bull markets. He is using the result of his research to manage the Hussman Growth Fund. I have studied his methodology. I would not hesitate to qualify it with very high confidence.

IF you think the supplement industry is full of hype and empty promise, the financial world is even more full of hype and bullsh1t. The test of the pudding is in the eating. Look at the track record of the mutual fund since its inception. Ask how have they done, compared to the market. Actual audited results count. Everything else is bullsh1t. (I ought to know... I was part of the teams that shoved out bullsh1t :lol: )
 
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