Finance & Investing Books..

AcMilan714 · 01-24-2008, 08:36 PM

I wanted to ask for your help on what book or books i should read next.

I've read Richest man in Babylon, The Intellingent Investor, Rich Dad Poor Dad, Investing for Dummies, Think & Grow rich.. And im about to finish Stay Mad for life..

Im new to the Investment world and these books have helped me understand more and more on how things work, but by no means am i even close. Thats why if some of you have read a certain book(s) i'd appreciate it if you could share them with us...

Thank You. From a VBINX owner.

ACZakka325i · 01-24-2008, 09:17 PM

I liked Jim Cramers first book, Real Money.

But i know a LOT of people don't like him.

AndrewAZ · 01-24-2008, 11:17 PM

I have read a lot of books about investing most you gain some useful info about what not to do.. If I only had to read one book I would read the one David Swensen wrote if you have a lot of money and are interested in long term success you will live by what he says..

http://www.amazon.com/Unconventional...dp/0743228383\

He runs the yale endowment fund which for the past 10 years or so hes been able to return 18% a year. ( which is very very very dam good)

I currently follow his methods and make use of ETF's but again you need a good $10k or more and be very disciplined in investing. Sure you can make a lot of money in the short run trying to beat the market by picking stocks at the end of the year 80% of people who do this lose (80% number refers to mutual funds who are actively managed) and then the chance of having an actively managed fund beat the market for 5 years drops to basically nothing but pure statistical luck. Also keep in mind the amount of money that is taken out as a brokerage fee or a management fee which can range from a fraction of a percent up to 10% or more.

JoeClothing · 01-24-2008, 11:53 PM

million dollar mind was good and is pretty popular. Also, the follow up book(can't remember it now)was pretty good too.

MTV · 01-25-2008, 08:41 AM

Rich Dad Poor Dad, one of the best financial books out there IMO.

Couch · 01-25-2008, 11:00 AM

Just make sure to stay away from Donald Trump books and the dude with the question marks on his jacket.

jaiman · 01-25-2008, 11:25 AM

Really depends what you want to accomplish. If you want to build your own portfolio for the long term there's some classic value investing books, but they will require you to read annual reports and crunch numbers and take a fair amount of time to choose what you want to invest in. If that interests you I can give you a list of books.

The other option is to set up a recurring monthly investment into a low cost S&P 500 tracking fund, some sort of international equity fund and a bond fund. That would give you a low cost diversified portfolio that benefits from dollar cost averaging.

Poderes1 · 01-25-2008, 01:41 PM

Quote:

Originally Posted by AcMilan714

I wanted to ask for your help on what book or books i should read next.

I've read Richest man in Babylon, The Intellingent Investor, Rich Dad Poor Dad, Investing for Dummies, Think & Grow rich.. And im about to finish Stay Mad for life..

Im new to the Investment world and these books have helped me understand more and more on how things work, but by no means am i even close. Thats why if some of you have read a certain book(s) i'd appreciate it if you could share them with us...

Thank You. From a VBINX owner.

Hey buddy!!! I read 3 of the 5 books you have read so far. You should read books on conditioning your mind frist before you read other investment books. Books such as " Awaken the Giant Within " by Anthony Robbins, "Beyond Positive Thinking " by Robert Anthony and books as such. Get a book on options trading you'll make a lot of money on options once you master it.

AcMilan714 · 01-25-2008, 04:34 PM

Thank You all so much for you comments.

J BONE · 01-25-2008, 05:58 PM

I have read all of those books and I think they are all great. Good way to start. A couple of those are classics in the investment world. I agree about the options but I would caution people that are just starting out in the investment world. Options are something I personally wouldn't try and tackle until you have a decent understanding of the market. This is coming from someone who trades options and sells covered calls. Just my 2 cents for what it's worth!!

FirstClass · 01-25-2008, 06:22 PM

Predators Ball. Dunno if it's a book (there are probably many) but read up on it.

01-24-2008, 08:36 PM	#1
AcMilan714 First Lieutenant 116 Rep 359 Posts Drives: e90 328i, e36 325is. Join Date: Jul 2006 Location: HB So Cali iTrader: (0)	Finance & Investing Books.. I wanted to ask for your help on what book or books i should read next. I've read Richest man in Babylon, The Intellingent Investor, Rich Dad Poor Dad, Investing for Dummies, Think & Grow rich.. And im about to finish Stay Mad for life.. Im new to the Investment world and these books have helped me understand more and more on how things work, but by no means am i even close. Thats why if some of you have read a certain book(s) i'd appreciate it if you could share them with us... Thank You. From a VBINX owner.
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01-24-2008, 09:17 PM	#2
ACZakka325i Colonel 278 Rep 2,008 Posts Drives: 2 stroke Join Date: Jul 2005 Location: CT iTrader: (2)	I liked Jim Cramers first book, Real Money. But i know a LOT of people don't like him. __________________ (Waitlist): #1 M2CSL (Current): 2016 F15 X5 3.5xdrive - 2010 997.2 C4S Coupe (Past): 2016 F30 340xi M-Sport -2013 535i xdrive 2008 E92 M3 - 2006 E90 325i 2002 E46 325xi - 1991 E30 325i
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01-24-2008, 11:17 PM	#3
AndrewAZ Major 137 Rep 1,243 Posts Drives: 335i Join Date: Jan 2007 Location: CA iTrader: (0)	I have read a lot of books about investing most you gain some useful info about what not to do.. If I only had to read one book I would read the one David Swensen wrote if you have a lot of money and are interested in long term success you will live by what he says.. http://www.amazon.com/Unconventional...dp/0743228383\ He runs the yale endowment fund which for the past 10 years or so hes been able to return 18% a year. ( which is very very very dam good) I currently follow his methods and make use of ETF's but again you need a good $10k or more and be very disciplined in investing. Sure you can make a lot of money in the short run trying to beat the market by picking stocks at the end of the year 80% of people who do this lose (80% number refers to mutual funds who are actively managed) and then the chance of having an actively managed fund beat the market for 5 years drops to basically nothing but pure statistical luck. Also keep in mind the amount of money that is taken out as a brokerage fee or a management fee which can range from a fraction of a percent up to 10% or more.
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01-24-2008, 11:53 PM	#4
JoeClothing Second Lieutenant 63 Rep 233 Posts Drives: E60 M5 Join Date: Mar 2007 Location: Chevy Chase, MD iTrader: (0)	million dollar mind was good and is pretty popular. Also, the follow up book(can't remember it now)was pretty good too.
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01-25-2008, 08:41 AM	#5
MTV Banned 241 Rep 1,906 Posts Drives: E60 M5, Volvo S60R Join Date: May 2007 Location: Montreal iTrader: (1)	Rich Dad Poor Dad, one of the best financial books out there IMO.
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01-25-2008, 11:00 AM	#6
Couch Colonel 142 Rep 2,900 Posts Drives: E92 335i Join Date: Jan 2007 Location: Houston iTrader: (0) Garage List 2007 E92 335i [0.00]	Just make sure to stay away from Donald Trump books and the dude with the question marks on his jacket.
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01-25-2008, 11:25 AM	#7
jaiman Captain 20 Rep 658 Posts Drives: very fast Join Date: Jul 2007 Location: Toronto iTrader: (0)	Really depends what you want to accomplish. If you want to build your own portfolio for the long term there's some classic value investing books, but they will require you to read annual reports and crunch numbers and take a fair amount of time to choose what you want to invest in. If that interests you I can give you a list of books. The other option is to set up a recurring monthly investment into a low cost S&P 500 tracking fund, some sort of international equity fund and a bond fund. That would give you a low cost diversified portfolio that benefits from dollar cost averaging.
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01-25-2008, 04:34 PM	#9
AcMilan714 First Lieutenant 116 Rep 359 Posts Drives: e90 328i, e36 325is. Join Date: Jul 2006 Location: HB So Cali iTrader: (0)	Thank You all so much for you comments.
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01-25-2008, 05:58 PM	#10
J BONE The Boss 110 Rep 4,948 Posts Drives: %E2%80%9816 F15 X6 Join Date: Nov 2007 Location: Illinois iTrader: (12) Garage List 2008 E92 335xi [9.00]	I have read all of those books and I think they are all great. Good way to start. A couple of those are classics in the investment world. I agree about the options but I would caution people that are just starting out in the investment world. Options are something I personally wouldn't try and tackle until you have a decent understanding of the market. This is coming from someone who trades options and sells covered calls. Just my 2 cents for what it's worth!!
	Appreciate 0 Quote