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Recommended Investment Books - Basic


© Kirk Lindstrom

Introduction

There is nothing better than education to allow you to see through the investment sharks who prey on people who don't know any better. My biggest beef is with companies selling annuities to people for their IRAs. There are a whole bunch of other scams or bad advice that can be avoided with some self education.

These are investment books I recommend folks buy and read when they what to build an investment library.

Recommended Investment Books - Basic

Common Sense on Mutual Funds : New Imperatives for the Intelligent Investor
by John C. Bogle, Founder of Vanguard Low Cost Mutual Fund Family

Bogle has written a terrific book that makes its key points over and over so you thoroughly understand them. He recommends low cost funds, passive investment strategies, don't time the market, etc. His statistics and we know they can always lie, are irrefutable that high cost, front-end load funds can never, as a group, match funds that use his proven strategies. There are always exceptions, but you think you are smart enough to pick those funds in advance??

Index funds give you a shot of at least matching the market, which as they say, isn't bad over time


The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk by William J. Bernstein, David M. Darst

Teaches the reader straightforward method for earning exceptional returns and minimizing risk when investing. Explains how to manage a personal diversified account, how to assess how risk according to personal needs, and the fundamental relationship between risk and reward in financial markets.

"Any reader who takes the time and effort to understand his approach to the crucial subject of asset allocation will surely be rewarded with enhanced long-term returns." - John C. Bogle


Wall Street Words: An Essential A to Z Guide for Today's Investor by David Logan Scott

Synopsis: Wall Street Words features nearly 4,000 terms including hundreds of new entries that accurately and clearly explain the language of the world of finance and investment.

Contemporary case histories offer real-world applications of investment concepts, how to manage money in today's market, and more.



A Random Walk Down Wall Street Completely Revised and Updated Edition by Burton Malkiel

Synopsis An unconventional guide to investing in Wall Street tells how to put together a broad portfolio of stocks through sidestepping the experts and how to rate the potential of a stock, bond, money market fund, or other investment.

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